Document:

Exhibit 4.7

 

 

EXECUTION VERSION

 

 

 

CO-LENDER AGREEMENT

 

Dated as of August 6, 2016

 

by and between

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-1 Holder),

 

GOLDMAN SACHS MORTGAGE COMPANY

(Initial Note A-2 Holder),

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note B-1 Holder)

 

and

 

GOLDMAN SACHS MORTGAGE COMPANY

(Initial Note B-2 Holder)

 

 

 

Commercial Mortgage Loan in the Principal
Amount of $900,000,000

Secured by 10 Hudson Yards, New York, New York

 

 

 

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This CO-LENDER AGREEMENT
(together with the exhibits and schedules hereto and all amendments hereof and supplements hereto, this “Agreement”)
is dated as of August 6, 2016, between DEUTSCHE BANK AG, NEW YORK BRANCH (“DB”, in its capacity as initial owner
of Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5 and Note A-1-C6 described below, the “Initial
Note A-1 Holder”), GOLDMAN SACHS MORTGAGE COMPANY (“GSMC”, in its capacity as initial owner of
Note A-2-S, Note A-2-C1, Note A-2-C2 and Note A-2-C3 described below, the “Initial Note A-2 Holder”), DB
(in its capacity as initial owner of Note B-1 described below, the “Initial Note B-1 Holder”), and GSMC (in
its capacity as initial owner of Note B-2 described below, the “Initial Note B-2 Holder”; the Initial
Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note B-1 Holder and the Initial Note B-2 Holder are referred
to collectively herein as the “Initial Note Holders”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), DB and GSMC co-originated a certain loan (the “Mortgage Loan”
or “Whole Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage Loan
Schedule”) to the mortgage loan borrower described on the Mortgage Loan Schedule (together with its successors and permitted
assigns, the “Mortgage Loan Borrower”), in the original aggregate principal amount of $900,000,000, which is
evidenced, inter alia, by the following thirteen (13) promissory notes, each dated as of August 1, 2016:

 

(a) 
that certain Promissory Note A-1-S evidencing a senior interest in the Mortgage Loan in the original principal amount of $289,070,833.33
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-S”, or the “DB
Standalone A Note”),

 

(b) 
 that certain Promissory Note A-2-S evidencing a senior interest in the Mortgage Loan in the original principal amount of $119,029,166.67
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-S” and, together
with Note A-1-S, the “GSMC Standalone A Note” and, together with the DB Standalone A Note, the “Standalone
A Notes”),

 

(c) 
 that certain Promissory Note A-1-C1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $65,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C1”),

 

(d)   that
certain Promissory Note A-1-C2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $55,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C2”),

 

(e)   that
certain Promissory Note A-1-C3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $40,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C3”),

 

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(f) that
certain Promissory Note A-1-C4 evidencing a senior interest in the Mortgage Loan in the original principal amount of $20,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C4”),

 

(g) that
certain Promissory Note A-1-C5 evidencing a senior interest in the Mortgage Loan in the original principal amount of $20,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C5”),

 

(h) that
certain Promissory Note A-1-C6 evidencing a senior interest in the Mortgage Loan in the original principal amount of $12,500,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C6”, and, together
with Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4 and Note A-1-C5, the “DB Non-Standalone Notes”),

 

(i) that
certain Promissory Note A-2-C1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $30,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-C1”),

 

(j) that
certain Promissory Note A-2-C2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $30,000,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-C2”),

 

(k) that
certain Promissory Note A-2-C3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $27,500,000
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-C3”, and, together
with Note A-2-C1 and Note A-2-C2, the “GSMC Non-Standalone Notes” and, together with the DB Non-Standalone Notes,
the “Non-Standalone Notes”),

 

(l) that
certain Promissory Note B-1 evidencing a junior interest in the Mortgage Loan in the original principal amount of $135,929,166.67
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note B-1” and, together
with the DB Standalone A Note, the “DB Standalone Notes”), and

 

(m) that
certain Promissory Note B-2 evidencing a junior interest in the Mortgage Loan in the original principal amount of $55,970,833.33
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note B-2” and, together
with the GSMC Standalone A Note, the “GSMC Standalone Notes”). The Note B-1 and Note B-2 are collectively referred
to herein as the “Standalone B Notes” and, together with the Standalone A Notes, the “Standalone Notes”
and, together with the Non-Standalone Notes, the “Notes”);

 

WHEREAS, payment of the
Notes is secured by, among other things, a certain Mortgage (as defined in the Mortgage Loan Agreement), dated as of August 1,
2016 (as such may have been amended or restated to the date hereof and may hereafter be further amended, restated, supplemented
or otherwise modified from time to time, the “Mortgage”), encumbering (i) a first priority mortgage in the fee
simple interest of the Mortgage Loan Borrower (as defined

 

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herein) in a 1,813,465 square foot office property located at 10 Hudson
Yards in New York, New York (the “Mortgaged Property”);

 

WHEREAS, with respect
to the Mortgage Loan:

 

(a)          DB intends
to transfer the DB Standalone Notes to an affiliate, German American Capital Corporation (“GACC”), who will
subsequently transfer the DB Standalone Notes to Deutsche Mortgage & Asset Receiving Corporation (together with its permitted
successors and assigns, the “Depositor”) pursuant to the Trust Loan Purchase Agreement between GACC and the
Depositor, and GSMC intends to transfer the GSMC Standalone Notes to the Depositor pursuant to the Trust Loan Purchase Agreement
between GSMC and the Depositor, and the Depositor intends to transfer the Standalone Notes (the “Trust Loan”)
to Wilmington Trust, National Association, as trustee for a securitization (such securitization, the “Lead Securitization”)
involving the issuance of the Hudson Yards 2016-10HY Mortgage Trust Commercial Mortgage Pass-Through Certificates pursuant to the
Trust and Servicing Agreement, dated as of August 6, 2016 (the “Lead Securitization Servicing Agreement”), between
the Depositor, Wells Fargo Bank, National Association, as master servicer (in such
capacity, together with its permitted successors and assigns, the “Master Servicer”), AEGON USA Realty Advisors,
LLC, as special servicer (together with its permitted successors and assigns, the “Special Servicer”), Wilmington
Trust, National Association, as trustee (together with its permitted successors and assigns, the “Trustee”)
and Wells Fargo Bank, National Association, as certificate administrator (in such capacity, together with its permitted successors
and assigns, the “Certificate Administrator”), paying agent and custodian and, upon such transfer, the Trustee
will be become the holder of the Standalone Notes, and

 

(b)          each
Non-Standalone Note Holder expects to contribute its respective Non-Standalone Notes, whether in each such Note’s current
form or as multiple replacement promissory notes, into one or more securitization transactions;

 

WHEREAS, the Initial
Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note B-1 Holder and the Initial B-2 Holder desire to enter into this
Agreement to memorialize the terms under which they, and their successors and assigns, shall hold the Notes, respectively.

 

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

 

1.           Definitions;
Conflicts. References to a “Section” or the “recitals” are, unless otherwise specified, to a Section or
the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the
Mortgage Loan Agreement or the Lead Securitization Servicing Agreement, as applicable. Except as set forth in Section 4 of this
Agreement, to the extent of any inconsistency between terms defined in this Agreement and the Lead Securitization Servicing Agreement,
the Lead Securitization Servicing Agreement shall control. Whenever used in this Agreement, the following terms shall have the
respective meanings set forth below unless the context clearly requires otherwise.

 

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“Acceptable
Insurance Default”: Any default arising when the Mortgage Loan Documents require that the Mortgage Loan Borrower shall
maintain all risk casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special
Servicer has determined, in its reasonable judgment in accordance with the Accepted Servicing Practices, that (i) such insurance
is not available at commercially reasonable rates and the subject hazards are not commonly insured against by prudent owners of
similar real properties located in or near the geographic region in which the Mortgaged Property is located (but only by reference
to such insurance that has been obtained by such owners at current market rates) or (ii) such insurance is not available at any
rate. In making this determination, the Special Servicer, to the extent consistent with the Accepted Servicing Practices, may rely
on the opinion of an insurance consultant. From and after the Lead Securitization Date, “Acceptable Insurance Default”
shall have the meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement.

 

“Accepted Servicing
Practices” shall mean:

 

(i) prior
to the Lead Securitization Date, the obligation of the Servicer to service and administer the Mortgage Loan in accordance with
this Agreement, the Notes and the Mortgage Loan Documents solely in the best interests and for the benefit of the Holders (as a
collective whole), exercising the higher of (x) the same manner in which, and with the same care, skill, prudence and diligence
with which the Servicer services and administers similar mortgage loans for other third party portfolios, and manages and administers
REO Property for other third party portfolios giving due consideration to customary and usual standards of practice of prudent
institutional commercial lenders servicing their own loans and managing REO Properties for their own account and (y) the same care,
skill, prudence and diligence which the Servicer utilizes for loans which the Servicer owns for its own account, in each case,
acting in accordance with applicable law, the terms of this Agreement and the Mortgage Loan Documents and with a view to the maximization
of timely recovery of principal and interest on a net present value basis on the Mortgage Loan, but without regard to:

 

(A)          any
relationship that the Servicer or any Affiliate of the Servicer may have with the Mortgage Loan Borrower or any Affiliates of the
Mortgage Loan Borrower;

 

(B)          the
ownership of any interest in the Mortgage Loan or any certificate issued or to be issued in connection with a Securitization by
the Servicer or any Affiliate of the Servicer;

 

(C)          the
ownership of any junior indebtedness with respect to the Mortgaged Property by the Servicer or any Affiliate of the Servicer;

 

(D)          the
Servicer’s obligation to make Advances as specified herein or otherwise incur servicing expenses with respect to the Mortgage
Loan;

 

(E)          the
Servicer’s right to receive compensation for its services hereunder or with respect to any particular transaction;

 

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(F)          the
ownership, or servicing or management for others, by the Servicer or any sub-servicer, of any other mortgage loans or properties;
or

 

(G)          the
right of the Servicer or any sub-servicer to receive reimbursement of costs; and 

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to the term “Accepted Servicing Practices” or “Servicing
Standard” or any analogous term in the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Advance”
means a Property Advance, a P&I Advance or an Administrative Advance, as the context may require.

 

“Advance Interest
Amount” shall mean the amount of interest accrued and unpaid on any Property Advance pursuant to the terms of the Servicing
Agreement.

 

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

 

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

 

“Applicable
Interest Rate” shall mean the Note A Interest Rate or the Note B Interest Rate, as the case may be.

 

“Appraisal”
shall mean an appraisal with respect to the Mortgaged Property conducted in accordance with the standards of the Appraisal Institute
by an Appraiser and certified by such Appraiser as having been prepared in accordance with the requirements of the Standards of
Professional Practice of the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice of the Appraisal
Foundation, as well as FIRREA. From and after the Lead Securitization Date, “Appraisal” shall have the meaning assigned
to such term or any analogous term in the Lead Securitization Servicing Agreement.

 

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“Appraisal Reduction
Amounts” shall mean:

 

(i) prior
to the Lead Securitization Date, for any Remittance Date as to which an Appraisal Reduction Event has occurred, an amount equal
to the excess, if any, of (a) the sum of (1) the Mortgage Loan Principal Balance as of the immediately preceding Monthly Payment
Date, (2) to the extent not previously advanced by the Servicer or any other Holder as an Advance under Section 9 or
Section 11(b), all accrued and unpaid interest on the Mortgage Loan at a per annum rate equal to the Applicable
Interest Rate on each of the Notes, (3) all unreimbursed Advances, with interest thereon at the Advance Rate in respect of the
Mortgage Loan, and (4) all currently due and unpaid real estate taxes, ground rents and assessments and insurance premiums (less
any amounts held in escrow for such items) and all other amounts (not including any default interest, Penalty Charges, Prepayment
Charges, liquidated damage amounts or other similar fees or charges) currently due and unpaid with respect to the Mortgage Loan
(which taxes, premiums and other amounts have not been the subject of an Advance by the Servicer), over (b) an amount
equal to ninety percent (90%) of the appraised value of the Mortgaged Property as determined by the most recent Updated Appraisal
obtained by the Servicer (the cost of which shall be advanced by such Servicer as an Advance), minus the dollar amount of
any liens on the Mortgaged Property that are prior to the lien of the Mortgage (other than the liens for any items set forth in
the immediately preceding clause (a)(4) which have been insured or bonded over by Qualified Insurers, plus (without duplication
of any amounts held in escrow deducted in clause (a)(4) above) the aggregate of all reserves, letters of credit and escrows held
in connection with the Mortgage Loan to the extent that such reserves, letters of credit and escrows are permitted to be used by
the Servicer in reduction of the Mortgage Loan); and

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Lead Securitization Servicing
Agreement.

 

“Appraisal Reduction
Event” shall mean:

 

(i) prior
to the Lead Securitization Date, the earliest to occur of any of the following: (a) 60 days after an uncured payment delinquency
(other than a delinquency in respect of the Balloon Payment) occurs in respect of the Mortgage Loan, (b) 90 days after
an uncured delinquency occurs in respect of the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within
120 days after the Maturity Date of the Mortgage Loan (as evidenced by a written and binding refinancing commitment from an
acceptable lender and reasonably satisfactory in form and substance to the Servicer, and the Controlling Holder, which provides
that such refinancing shall occur within 120 days after the Maturity Date, in which case 120 days after such uncured
delinquency, (c) 60 days after a reduction in monthly debt service payments or a material adverse economic change with
respect to the terms of the Mortgage Loan has become effective, (d) 60 days after an extension of the Maturity Date of
the Mortgage Loan (except for an extension within the time periods described in clause (b) above), (e) 60 days
after a receiver has been appointed in respect of the Mortgaged Property securing the Mortgage Loan on behalf of the Lender or
any other creditor, (f) immediately after any Mortgage

 

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Loan Borrower declares, or becomes the subject of, bankruptcy, insolvency
or similar proceeding, admits in writing the inability to pay its debts as they come due or makes an assignment for the benefit
of creditors unless such action is dismissed within 45 days, or (g) immediately after the Mortgaged Property securing the
Mortgage Loan becomes an REO Property; and

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Servicing Agreement.

 

In addition to the foregoing,
prior to the Lead Securitization Date, each Note B Holder shall have the right, at its sole expense, to require the Special Servicer
to order an additional Appraisal of the Mortgage Loan if an event has occurred at or with regard to the Mortgaged Property that
would have a material effect on its appraised value, and the Special Servicer will be required to use its reasonable best efforts
to ensure that such Appraisal is delivered within 30 days from receipt of such Note B Holder’s written request and to ensure
that such Appraisal is prepared on an “as is” basis by an Appraiser in accordance with MAI standards; provided,
that the Special Servicer will not be required to obtain such Appraisal if (i) the Special Servicer determines in accordance with
Accepted Servicing Practices that no events at or with regard to the Mortgaged Property have occurred that would have a material
effect on such appraised value of the Mortgaged Property or (ii) a Note B Holder had ordered an Appraisal in the past 9 months.
Upon receipt of an Appraisal requested by a Note B Holder pursuant to this definition of “Appraisal Reduction Event”
and any other information reasonably requested by the Special Servicer from the Servicer reasonably required to calculate or recalculate
the Appraisal Reduction Amount, the Special Servicer will be required to determine, in accordance with Accepted Servicing Practices,
whether, based on its assessment of such additional Appraisal, any recalculation of the Appraisal Reduction Amount is warranted
and, if so warranted, will be required to recalculate such Appraisal Reduction Amount based upon such additional Appraisal. From
and after the Lead Securitization Date, the analogous provisions to this paragraph of the Lead Securitization Servicing Agreement
shall control.

 

“Appraiser”
shall mean an independent appraiser, selected by the Servicer, as applicable, that is a member in good standing of the Appraisal
Institute and that is certified or licensed in the state in which the Mortgaged Property is located, and who has a minimum of five
(5) years’ experience in the appraisal of comparable properties in the geographic area in which such Mortgaged Property is
located.

 

“Approved Bank”
shall mean a domestic financial institution which (A) prior to a Securitization, has long term unsecured debt obligations of which
are rated not less than “AA” by S&P, “A” by Fitch and “Aa2” by Moody’s or the short-term
obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1” by Moody’s
and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which meet the applicable
rating requirements of the Rating Agencies.

 

“Balloon Payment”
shall mean, with respect to the Mortgage Loan, the payment of principal due on its scheduled Maturity Date.

 

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“Bankruptcy
Code” shall mean the United States Bankruptcy Code (11 U.S.C. Sec.101 et seq.), or any similar statute, law, rules, regulations
or similar legal requirements of any other applicable jurisdiction, in each case, as amended from time to time or any successor
statute or rule promulgated thereto.

 

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

 

“Certificate
Administrator” shall have the meaning assigned to such term in the recitals of this Agreement.

 

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

 

“Closing Date”
shall mean August 1, 2016.

 

“Code”
shall have the meaning assigned to such term in Section 4(h).

 

“Collateral
Deficiency Amounts” shall have the meaning, if any, given such term in the Lead Securitization Servicing Agreement.

 

“Collection
Account” shall mean with respect to the Mortgage Loan, an account (including any subaccount) established pursuant to
the terms of this Agreement or, from and after the Lead Securitization Date, the Lead Securitization Servicing Agreement, in which
amounts received in respect of the Mortgage Loan are segregated (by ledger entries or otherwise) and held for the benefit of the
Holders.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common Control
Party” shall have the meaning given to such term in the definition of “Affiliate.”

 

“Control Appraisal
Event” shall be deemed to have occurred with respect to each Note B, if and so long as (a) (1) the Initial Note
B Principal Balance, minus (2) the sum of (x) any payments of principal (whether as Prepayments or otherwise) allocated
to, and received on, any Note B, (y) any Appraisal Reduction Amounts allocated to any Note B in accordance with the terms
of this Agreement, and (z) any Realized Losses with respect to the Mortgage Loan to the extent allocated to Note B, is less
than (b) twenty-five percent (25%) of the Initial Note B Principal Balance.

 

“Controlling
Class Representative” shall have the meaning, if any, given such term in the Lead Securitization Servicing Agreement.

 

“Controlling
Holder” shall mean, as of any date of determination:

 

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(i)          prior
to the Lead Securitization Date,

 

(x)          jointly,
the Note B-1 Holder and the Note B-2 Holder, unless (x) a Control Appraisal Event has occurred and is continuing with
respect to Note B, or (y) either of Note B-1 or Note B-2 is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party, or

 

(y)          if no
Control Appraisal Event has occurred and is continuing, but either of Note B-1 or Note B-2 is held by the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party, then each Holder of a Note B that is not held by the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party, or

 

(z)          if a
Control Appraisal Event has occurred and is continuing with respect to Note B, or if each of Note B-1 and Note B-2 are held
by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, then jointly, the Note A-1 Holder and the Note A-2 Holder;
provided that:

 

(1)          if a Control Appraisal Event
occurs, then for the purposes of determining whether the Control Appraisal Event is continuing, the outstanding Principal Balance
of each Note B shall be adjusted (up or down, as applicable) to reflect the then current Appraisal Reduction Amount, if any, indicated
by any subsequently obtained Appraisal(s);

 

(2)          in the event that a Note
held by the Controlling Holder pursuant to this definition is held by more than one Person, (1) the Holder(s) of at least a 51%
interest therein may act as the Controlling Holder hereunder and (2) any ownership interest held by the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party shall be deemed to equal zero for the purposes of determining which owners can exercise
the rights of the Controlling Holder hereunder; and

 

(3)          the Controlling Holder
shall be entitled to appoint any Person to act on its behalf in exercising the rights of the Controlling Holder hereunder and under
the Servicing Agreement provided that such appointment is communicated in writing to the Lead Securitization Note Holder and any
Servicer acting on its behalf. Such designation shall remain in effect until it is revoked by the Controlling Holder by a writing
delivered to the parties hereto; and

 

(ii) from and
after the Lead Securitization Date, the Lead Securitization Trust.

 

“Controlling
Holder Repurchase Notice” shall have the meaning set forth in Section 11.

 

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“Corrected Mortgage
Loan” shall mean:

 

(i) prior
to the Lead Securitization Date, the meaning assigned in the definition herein of “Specially Serviced Mortgage Loan”;
and

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Lead Securitization Servicing
Agreement.

 

“Costs”
shall mean all out-of-pocket costs, fees, expenses, Property Advances, interest, payments, losses, liabilities, judgments and/or
causes of action reasonably suffered or incurred or reasonably paid by a Holder (or any Servicer or other party (including a securitization
trustee, custodian and/or certificate administrator) acting on behalf of such Holder) pursuant to or in connection with the enforcement
and administration of the Mortgage Loan, the Mortgage Loan Documents (not including any Servicing Fees, Special Servicing Fees,
Workout Fees, Liquidation Fees or Additional Servicing Compensation), the Mortgaged Property, this Agreement, including, without
limitation, attorneys’ fees and disbursements, taxes, assessments, insurance premiums and other protective advances, except
for those resulting from the negligence or willful misconduct of such Holder (or any Servicer or other party (including a securitization
trustee) acting on behalf of such Holder)); provided, however, that none of the following shall be included or deemed
to be “Costs”: (i) the costs and expenses relating to the origination or securitization of any Note, including the
payment of any securitization trustee fee, (ii) the day-to-day customary and usual, ordinary costs of servicing and administering
the Mortgage Loan, (iii) insofar as any Note is an asset of a Securitization Trust and as such to the extent the following amounts
are allocable to such Note under the terms of the related Securitization documents: (a) any fees, costs or expenses related to
the reporting and compliance with the REMIC Provisions or any provisions of the Code relating to the creation or administration
of a grantor trust relating to a Securitization Trust, including the determination related to the amount, payment or avoidance
of any REMIC or grantor trust tax on a Securitization Trust or its assets or transactions, (b) any fees, costs or expenses incurred
in connection with any audit or any review of the related Securitization Trust or its assets or transactions by the Internal Revenue
Service or other governmental authority, (c) any REMIC or grantor trust taxes imposed on the related Securitization Trust or its
assets or transactions, (d) any advance made by a party to related Securitization in respect of a delinquent monthly debt service
payment on such Note or any interest accrued on such advance, or (e) any fees, costs or expenses relating to any other mortgage
loan included in a Securitization Trust with the related Non-Standalone Note(s).

 

“Cure Payment”
shall have the meaning set forth in Section 11(b).

 

“DB”
shall have the meaning assigned to such term in the recitals of this Agreement.

 

“DB Non-Standalone
Note” shall have the meaning assigned to such term in the recitals of this Agreement.

 

“DB Standalone
Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

 

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“DB Standalone
A Note” shall have the meaning assigned to such term in the recitals of this Agreement.

 

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

 

“Defaulted Mortgage
Loan Purchase Price” shall mean the sum of the following, without duplication, the sum of (i) the Note A Principal Balance
(as of the date of purchase), (ii) accrued and unpaid interest on the Note A Principal Balance at the Note A Interest Rate, up
to (but excluding) the date of purchase and if such date of purchase is not a Monthly Payment Date, up to (but excluding) the Monthly
Payment Date next succeeding the date of purchase, provided payment is made in good funds by 3:00 p.m. New York local time,
(iii) any Property Advances that have not been reimbursed from collections on the Mortgage Loan and the related Advance Interest
Amount (but excluding any portion of such Property Advance that was made by a Note B Holder and any interest thereon), (iv) any
interest accrued on any P&I Advance made on any Note A by a party to the Lead Securitization Servicing Agreement or a Non-Lead
Securitization Servicing Agreement, as applicable, at the rate specified in the related servicing agreement; (v) any accrued and
unpaid Servicing Fees, trustee fees, certificate administrator fees, Special Servicing Fees, Workout Fees, Liquidation Fees and
Additional Servicing Compensation, and (vi) any unreimbursed Costs incurred by any Note A Holder or any party acting on its behalf
(which are not included in the preceding clauses of this paragraph).

 

Subject to the terms
of Section 20(h) of this Agreement, the Defaulted Mortgage Loan Purchase Price, in the context of the initial offer for sale of
REO Property or a Specially Serviced Mortgage Loan (to a party other than a Note B Holder) pursuant to the terms of Section 20(g)
of this Agreement, shall, in addition to the amounts specified in the preceding paragraph, include the sum of (i) the Note B Principal
Balance (as of the date of purchase), (ii) the accrued and unpaid interest on the Note B Principal Balance at the Note B Interest
Rate, up to (but excluding) the date of purchase and if such date of purchase is not a Monthly Payment Date, up to (but excluding)
the Monthly Payment Date next succeeding the date of purchase, provided payment is made in good funds by 3:00 PM New York local
time, (iii) any unreimbursed Property Advances made by a Note B Holder and the related Advance Interest Amount, (iv) any interest
accrued on any P&I Advance made by a party to the Lead Securitization Servicing Agreement in respect of Note B at the rate
specified in the Lead Securitization Servicing Agreement; and (v) any unreimbursed Costs incurred by a Note B Holder or any
party acting on its behalf (which are not included in the preceding paragraph or the preceding clauses in this paragraph).

 

In determining the Defaulted
Mortgage Loan Purchase Price, amounts payable by the Mortgage Loan Borrower as a Prepayment Charge, default interest, Penalty Charges
and other similar fees and the value of such amounts shall not be included, unless a Note B Holder is the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party upon the occurrence of any event which requires a Repurchase Option Notice pursuant to
Section 11 of this Agreement.

 

“Depositor”
shall have the meaning assigned to such term in the recitals of this Agreement.

 

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“Directing Holder”
shall have the meaning set forth in Section 21(a).

 

“Eligibility
Requirements” shall mean, with respect to any Person, that such Person has at least $200,000,000 in capital/statutory
surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary) and at least $600,000,000
in total assets (in name or under management), and is regularly engaged in the business of making or owning commercial real estate
loans (or interests therein), mezzanine loans (or interests therein) or commercial loans (or interests therein) similar to the
Mortgage Loan.

 

“Environmental
Law” shall mean any present or future federal, state or local law, statute, regulation or ordinance, any judicial or
administrative order or judgment thereunder, pertaining to health, industrial hygiene, hazardous substances or the environment,
including, but not limited to, each of the following, as enacted as of the date hereof or as hereafter amended: the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.; the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§ 2601 et
seq.; the Water Pollution Control Act (also known as the Clean Water Act, 22 U.S.C. §§ 1251 et seq.), the Clean Air Act,
42 U.S.C. §§ 7401 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C. §§ 1801 et seq.

 

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

 

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

 

“GACC”
shall have the meaning assigned to such term in the recitals of this Agreement.

 

“GSMC”
shall have the meaning assigned to such term in the recitals of this Agreement.

 

“GSMC Non-Standalone
Note” shall have the meaning assigned to such term in the recitals of this Agreement.

 

“GSMC Standalone
Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

 

“GSMC Standalone
A Note” shall have the meaning assigned to such term in the recitals of this Agreement.

 

“Holders”
shall mean, collectively, the Note A Holder and the Note B Holder.

 

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

 

“Initial Note
A Principal Balance” shall mean collectively, the Initial Note A-1 Principal Balance and the Initial Note A-2 Principal
Balance, in the aggregate.

 

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“Initial Note
A-1 Holder” shall mean DB.

 

“Initial Note
A-1 Principal Balance” with respect to Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5 and
Note A-1-C6, shall mean Initial Note A-1-S Principal Balance, Initial Note A-1-C1 Principal Balance, Initial Note A-1-C2 Principal
Balance, Initial Note A-1-C3 Principal Balance, Initial Note A-1-C4 Principal Balance, Initial Note A-1-C5 Principal Balance and/or
Initial Note A-1-C6 Principal Balance, respectively, and shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
A-2 Holder” shall mean GSMC.

 

“Initial Note
A-2 Principal Balance” with respect to Note A-2-S, Note A-2-C1, Note A-2-C2 and Note A-2-C3, shall mean Initial Note
A-2-S Principal Balance, Initial Note A-2-C1 Principal Balance, Initial Note A-2-C2 Principal Balance and/or Initial Note A-2-C3
Principal Balance, respectively, and shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
B Principal Balance” shall mean collectively, the Initial Note B-1 Principal Balance and the Initial Note B-2 Principal
Balance.

 

“Initial Note
B-1 Holder” shall mean DB.

 

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

 

“Initial Note
B-2 Holder” shall mean GSMC.

 

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

 

“Interim Servicer”
shall mean the master servicer (or single servicer) appointed jointly by the Initial Note Holders under this Agreement and any
successor master servicer (or single servicer) appointed as provided hereunder, which Interim Servicer shall be a Qualified Servicer.
The initial Interim Servicer shall be Wells Fargo Bank, National Association pursuant to the Interim Servicing Agreement.

 

“Interim Servicing
Agreement” shall mean, collectively, (i) that certain interim servicing agreement, dated as of May 23, 2011, between
GACC, as owner, and the Interim Servicer, as servicer, and (ii) that certain interim servicing agreement, dated as of March 17,
2014, between GSMC, as owner, and the Interim Servicer, as servicer, and any replacement servicing agreement entered into with
any successor Interim Servicer appointed jointly by the Note Holders.

 

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

 

“Lead Securitization”
shall have the meaning assigned to such term in the recitals of this Agreement.

 

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

 

“Lead Securitization
Note Holder” shall mean, (i) prior to the Lead Securitization Date or if each Standalone Note is no longer included in
the Lead Securitization Trust, the Note A-1 Holder, and (ii) from and after the Lead Securitization Date, the Lead Securitization
Trust.

 

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

 

“Lead Securitization
Trust” shall mean the trust established pursuant to the Lead Securitization Servicing Agreement in connection with the
Lead Securitization.

 

“Letter of Credit”
shall mean an irrevocable, unconditional, transferable, clean sight draft letter of credit, as the same may be replaced, split,
substituted, modified, amended, supplemented, assigned or otherwise restated from time to time (either an evergreen letter of credit
or a letter of credit which does not expire until at least two (2) Business Days after the Maturity Date of the Mortgage Loan)
in favor of the Note A Holder and entitling the Note A Holder to draw thereon, at a domestic location reasonably acceptable to
the Note A Holder, based solely on a statement purportedly executed by an officer of the Note A Holder stating that it has the
right to draw thereon, and issued by a domestic Approved Bank or the U.S. agency or branch of a foreign Approved Bank.

 

“Liquidation
Fee” shall mean:

 

(i) prior to the Lead
Securitization Date, if the Mortgage Loan or the Mortgaged Property is sold or transferred or otherwise liquidated (or a Specially
Serviced Mortgage Loan is sold or liquidated or a final discounted payoff is made), a fee payable to the Servicer from Liquidation
Proceeds with respect to the Mortgaged Property if the Servicer receives any Liquidation Proceeds with respect thereto, equal to
25 basis points (0.25%) multiplied by Liquidation Proceeds (net of any Servicing Fees, Special Servicing Fees and reimbursement
of any Advances or interest thereon payable therefrom and legal fees and expenses, Appraisal fees, brokerage fees, and similar
fees and expenses in connection with the maintenance and preservation of the Mortgaged Property) related to the Mortgage Loan or
Mortgaged Property; and

 

(ii) from and after the
Lead Securitization Date, the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

The Liquidation Fee shall
be payable to the Special Servicer upon receipt of Liquidation Proceeds; provided, however, that the parties agree
that no Liquidation Fee will be

 

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payable in connection with, or out of, Liquidation Proceeds resulting from the purchase of the
Mortgaged Property or Note A by the Note B Holder pursuant to the provisions of this Agreement or the Lead Securitization Servicing
Agreement within ninety (90) days after a Triggering Event of Default.

 

“Liquidation
Proceeds” shall mean:

 

(i) prior
to the Lead Securitization Date, the amount (other than insurance proceeds or amounts required to be paid to the Mortgage Loan
Borrower or other Persons pursuant to the Mortgage Loan Documents or applicable law) received in connection with the liquidation
of the Mortgaged Property or REO Property through a trustee’s sale, foreclosure sale or otherwise or the sale or other liquidation
of the Mortgage Loan, including a final discounted payoff of the Mortgage Loan, and

 

(ii) from
and after the Lead Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Major Decision”
means:

 

(i) prior to the Lead
Securitization Date:

 

(a)          any
proposed or actual foreclosure upon or comparable conversion of the ownership of properties securing the Mortgage Loan;

 

(b)          any
modification, consent to a modification or waiver of a monetary term (other than late payment charges or Default Interest) or material
non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs but excluding late
payment charges or Default Interest) of the Mortgage Loan or any extension of the Maturity Date of the Mortgage Loan;

 

(c)          any
sale of the Mortgage Loan, an REO Property for less than the Defaulted Mortgage Loan Purchase Price;

 

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

 

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

 

(f)          any
waiver of a “due-on-sale” or “due-on-encumbrance” clause or any consent to such waiver or consent to a
transfer of the Mortgaged Property or interests in the Mortgage Loan Borrower or consent to the incurrence of additional debt,
other than any such transfer or incurrence of debt as may be effected without the consent of the lender under the loan agreement;

 

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(g)          any
property management company changes for which the lender is required to consent or approve under the Mortgage Loan Documents or
franchise changes for which the lender is required to consent or approve under the Mortgage Loan Documents;

 

(h)          releases
of any escrows, reserve accounts or letters of credit held as performance escrows or reserves other than those required pursuant
to the specific terms of the Mortgage Loan and for which there is no material lender discretion;

 

(i)          any
acceptance of an assumption agreement releasing the Mortgage Loan Borrower from liability under the Mortgage Loan and for which
there is no lender discretion;

 

(j)          any
determination of an Acceptable Insurance Default;

 

(k)          the
determination of the Special Servicer pursuant to clause (b) of the definition of “Specially Serviced Loan”; and

 

(l)          any
acceleration of the Mortgage Loan following a default or an event of default or any initiation of judicial, bankruptcy or similar
proceedings under the Mortgage Loan Documents; and

 

(ii) from and after the
Lead Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Master Servicer”
shall have the meaning set forth in the recitals of this Agreement.

 

“Maturity Date”
shall have the meaning assigned to such term as set forth in the Mortgage Loan Schedule.

 

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

 

“Monthly Payment
Date” shall mean the “Monthly Payment Date” set forth in the Mortgage Loan Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan
Borrower Related Parties” shall have the meaning assigned such term in Section 19.

 

“Mortgage Loan
Documents” shall mean the Mortgage, the Mortgage Loan Agreement, the Notes and all other documents evidencing or securing
the Mortgage Loan including, without limitation, all guaranties and indemnities, as same may be amended, modified or restated in
accordance with this Agreement.

 

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

 

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

 

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

 

“Net Note A-1
Interest Rate” shall mean the Note A-1 Interest Rate minus the Servicing Fee Rate.

 

“Net Note A-2
Interest Rate” shall mean the Note A-2 Interest Rate minus the Servicing Fee Rate.

 

“Net Note B-1
Interest Rate” shall mean the Note B-1 Interest Rate minus the Servicing Fee Rate.

 

“Net Note B-2
Interest Rate” shall mean the Note B-2 Interest Rate minus the Servicing Fee Rate.

 

“Non-Controlling
Holder” shall mean any Holder that is not the Controlling Holder. In the event that any Note is an asset of a Non-Lead
Securitization, the rights of the Holder of any such Note in its capacity as a Non-Controlling Holder may be exercised by the “directing
holder,” “controlling class representative” or other party designated to exercise such rights pursuant to the
terms of the related Non-Lead Securitization Servicing Agreement.

 

“Non-Lead Securitization”
shall mean the sale of all or a portion of any Non-Standalone Note to a depositor, who will in turn include such Note as part of
the related Non-Lead Securitization of one or more other mortgage loans.

 

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“Non-Lead Securitization
Servicing Agreement” shall mean any pooling and servicing agreement (or analogous agreement) relating to a Note, other
than the Lead Securitization Servicing Agreement.

 

“Nonrecoverable
Administrative Advance” means an Administrative Advance that has been determined to be “nonrecoverable” in
accordance with the terms of the applicable Servicing Agreement.

 

“Nonrecoverable
P&I Advance” means a P&I Advance that has been determined to be “nonrecoverable” in accordance with
the terms of the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

 

“Nonrecoverable
Property Advance” means a Property Advance that has been determined to be “nonrecoverable” in accordance
with the terms of the applicable Servicing Agreement.

 

“Non-Standalone
Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

 

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

 

“Note A Default
Interest Rate” shall mean collectively, the Note A-1 Default Interest Rate and the Note A-2 Default Interest Rate.

 

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

 

“Note A Interest
Rate” shall mean individually or collectively, as the context may require, the Note A-1 Interest Rate and/or the Note
A-2 Interest Rate, as the case may be.

 

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

 

“Note A Principal
Balance” shall mean individually or collectively, the Note A-1 Principal Balance and/or the Note A-2 Principal Balance,
as the case may be.

 

“Note A-1”
shall mean, individually or collectively, Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5 and Note
A-1-C6, as the context may require.

 

“Note A-1 Default
Interest Rate” shall mean with respect to Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5
and/or Note A-1-C6, the Note A-1 Default Interest Rate set forth for such Note in the Mortgage Loan Schedule.

 

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“Note A-1 Holder”
shall mean with respect to Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5 and Note A-1-C6, the Initial
Note A-1 Holder or any subsequent holder of such Note.

 

“Note A-1 Interest
Rate” shall mean with respect to Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4, Note A-1-C5 and/or Note
A-1-C6, the Interest Rate set forth for such Note in the Mortgage Loan Schedule.

 

“Note A-1 Percentage
Interest” shall mean, as of any date, with respect to Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3, Note A-1-C4,
Note A-1-C5 and/or Note A-1-C6, the ratio of such Note’s Principal Balance to the Mortgage Loan Principal Balance.

 

“Note A-1 Principal
Balance” shall mean, at any time of determination, with respect to Note A-1-S, Note A-1-C1, Note A-1-C2, Note A-1-C3,
Note A-1-C4, Note A-1-C5 and/or Note A-1-C6, the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule,
as previously reduced by payments of principal thereon received by the related Note A-1 Holder and any reductions in such amount
pursuant to Section 4(c) and Section 7.

 

“Note A-1-C1”
shall have the meaning assigned such term in the recitals.

 

“Note A-1-C2”
shall have the meaning assigned such term in the recitals.

 

“Note A-1-C3”
shall have the meaning assigned such term in the recitals.

 

“Note A-1-C4”
shall have the meaning assigned such term in the recitals.

 

“Note A-1-C5”
shall have the meaning assigned such term in the recitals.

 

“Note A-1-C6”
shall have the meaning assigned such term in the recitals.

 

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

 

“Note A-2”
shall mean, individually or collectively, Note A-2-S, Note A-2-C1, Note A-2-C2 and Note A-2-C3, as the context may require.

 

“Note A-2 Default
Interest Rate” shall mean with respect to Note A-2-S, Note A-2-C1, Note A-2-C2 and/or Note A-2-C3, the Note A-2 Default
Interest Rate set forth for such Note in the Mortgage Loan Schedule.

 

“Note A-2 Holder”
shall mean with respect to Note A-2-S, Note A-2-C1, Note A-2-C2 and Note A-2-C3, the Initial Note A-2 Holder or any subsequent
holder of such Note.

 

“Note A-2 Interest
Rate” shall mean with respect to Note A-2-S, Note A-2-C1, Note A-2-C2 and/or Note A-2-C3, the Interest Rate set forth
for such Note in the Mortgage Loan Schedule.

 

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“Note A-2 Percentage
Interest” shall mean, as of any date, with respect to Note A-2-S, Note A-2-C1, Note A-2-C2 and/or Note A-2-C3, the ratio
of such Note’s Principal Balance to the Mortgage Loan Principal Balance.

 

“Note A-2 Principal
Balance” shall mean, at any time of determination, with respect to Note A-2-S, Note A-2-C1, Note A-2-C2 and/or Note A-2-C3,
the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule, as previously reduced by payments of principal
thereon received by the related Note A-2 Holder and any reductions in such amount pursuant to Section 4(c) and Section 7.

 

“Note A-2-C1”
shall have the meaning assigned such term in the recitals.

 

“Note A-2-C2”
shall have the meaning assigned such term in the recitals.

 

“Note A-2-C3”
shall have the meaning assigned such term in the recitals.

 

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

 

“Note B”
shall mean, individually or collectively, Note B-1 and Note B-2, as the context may require.

 

“Note B Default
Interest Rate” shall mean collectively, the Note B-1 Default Interest Rate and the Note B-2 Default Interest Rate.

 

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

 

“Note B Interest
Rate” shall mean individually or collectively, as the context may require, the Note B-1 Interest Rate and/or the Note
B-2 Interest Rate, as the case may be.

 

“Note B Percentage
Interest” shall mean individually or collectively, as the context may require, the Note B-1 Percentage Interest and/or
the Note B-2 Percentage Interest, as the case may be.

 

“Note B Principal
Balance” shall mean individually or collectively, the Note B-1 Principal Balance and/or the Note B-2 Principal Balance,
as the case may be.

 

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

 

“Note B-1 Default
Interest Rate” shall mean the Note B-1 Default Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note B-1 Interest
Rate” shall mean the Note B-1 Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note B-1 Principal
Balance” shall mean, at any time of determination, the Initial Note B-1 Principal Balance as set forth in the Mortgage
Loan Schedule, as previously reduced by payments of principal thereon received by the Note B-1 Holder and any reductions in such
amount pursuant to Section 4(c) and Section 7.

 

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

 

“Note B-2 Default
Interest Rate” shall mean the Note B-2 Default Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note B-2 Interest
Rate” shall mean the Note B-2 Interest Rate set forth in the Mortgage Loan Schedule.

 

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

 

“Note B-2 Principal
Balance” shall mean, at any time of determination, the Initial Note B-2 Principal Balance as set forth in the Mortgage
Loan Schedule, as previously reduced by payments of principal thereon received by the Note B-2 Holder and any reductions in such
amount pursuant to Section 4(c) and Section 7.

 

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

 

“P&I Advance”
shall mean an advance made in respect of a delinquent monthly debt service payment on a Note included in a Securitization by a
party to such Securitization (and in accordance with the terms of the Lead Securitization Servicing Agreement or the related Non-Lead
Securitization Servicing Agreement, as the case may be).

 

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

 

“Percentage
Interest” shall mean, with respect to the Note A Holder, the Note A Percentage Interest, and with respect to the Note
B Holder, the Note B Percentage Interest.

 

“Permitted Fund
Manager” shall mean any Person that on the date of determination is (i) one of the entities listed on Schedule 1
annexed hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity
interests relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000, and
(iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

 

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

 

“Prepayment”
shall mean any payment of principal made by the Mortgage Loan Borrower with respect to the Mortgage Loan which is received in advance
of its scheduled Maturity Date, whether made by reason of a casualty or condemnation, due to the acceleration of the maturity of
the Notes or otherwise.

 

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

 

“Prime Rate”
shall mean the “Prime Rate” in effect from time to time (as published in the “Money Rates” section of
The Wall Street Journal or, if such section or publication no longer is available, such other publication as determined
by the Note A-1 Holder in its reasonable discretion).

 

“Principal Balance”
shall mean with respect to any Note, at any date of determination, the then outstanding principal balance of such Note.

 

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

 

“Qualified Institutional
Lender” shall mean the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note B-1 Holder and the Initial
Note B-2 Holder and the following:

 

(a)          an entity Controlled
(as defined below) by, or under common Control (as defined below) with, the Initial Note A-1 Holder, the Initial Note A-2 Holder,
the Initial Note B-1 Holder or the Initial Note B-2 Holder, or

 

(b)          one or more of
the following:

 

(i)          an
insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation, pension plan,
pension fund, pension fund advisory firm, mutual fund, real estate investment trust, governmental entity or plan, in any case,
which satisfies the Eligibility Requirements, or,

 

(ii)          an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, or an investment advisor registered under the Investment Advisers Act of 1940 or an institutional
accredited investor under Regulation D, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan or the related Note, which satisfies the Eligibility Requirements, or

 

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

 

(iv)          an
investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager acts as
the general partner, managing member, or the fund manager responsible for the day to day management and operation of such investment
vehicle and provided that at least fifty percent (50%) of the equity interests in such investment vehicle are owned, directly or
indirectly, by one or more entities that are otherwise Qualified Institutional Lenders, or

 

(v)          an
institution substantially similar to any of the foregoing in clauses (b)(i), (ii) or (iv), which satisfies the Eligibility Requirements;

 

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

 

(c)          any entity Controlled
(as defined below) by, or under common Control (as defined below) with, any of the entities described in clause (b)(i), (ii)
or (v) above.

 

(d)          any Person for
which a Rating Agency Confirmation has been obtained.

 

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

 

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“Qualified Servicer”
shall mean:

 

(i) prior to
the Lead Securitization Date, either (x) a mortgage finance institution, insurance company, bank or mortgage servicing institution
(A) organized and doing business under the laws of the United States or any state of the United States or the District of Columbia,
(B) authorized to transact business in the jurisdiction where each Mortgaged Property is located, if and to the extent required
by applicable law to enable such institution to perform its obligations under the Interim Servicing Agreement or, in the event
that such institution is acting as a sub-servicer, under the applicable sub-servicing agreement, and otherwise as contemplated
hereby, and (C) (1) has a rating of at least “CMS2” (in the case of a master servicer) and “CSS2”
(in the case of a special servicer) in the case of Fitch, (2) is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, in the case of S&P, (3) ranked at least “MOR
CS3” by Morningstar, (4) in the case of Moody’s, such servicer is acting as servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date
of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such servicer as servicer
of such commercial mortgage loans, (5) in the case of KBRA, KBRA has not cited servicing concerns of such servicer as the sole
or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in
contemplation of a ratings downgrade or withdrawal) of securities in a commercial mortgage loan securitization transaction serviced
by such servicer prior to the time of determination, or (6) in the case of DBRS, DBRS has not cited servicing concerns of such
servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal) of securities in any other commercial mortgage-backed securitization
transaction serviced by such servicer prior to the time of determination, or (y) as to which each of the Rating Agencies shall
have delivered to the Trustee written confirmation to the effect that the service by such entity as Servicer or Special Servicer,
as the case may be, would not, in and of itself, result in a downgrade, qualification or withdrawal of the then current ratings
assigned to the securities issued under the Servicing Agreement, and

 

(ii) from and
after the Lead Securitization Date, the meaning assigned to such term or analogous term in the Lead Securitization Servicing Agreement.

 

“Qualified Trustee”
shall mean (i) a corporation, national bank, national banking association or a trust company, organized and doing business under
the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept
the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by
federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution whose
long-term senior unsecured debt is rated any of the then in effect top two rating categories of each of the applicable Rating Agencies.

 

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“Rating Agencies”
shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors-in-interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency designated by the Lead Securitization Note Holder; provided, however, that at any time
during which any Note A or Note B is an asset of a Securitization, “Rating Agencies” or “Rating Agency”
shall mean the rating agencies that from time to time rate (and were engaged by the applicable depositor to so rate) the securities
issued in connection with such Securitization (and at the time of determination continue to do so).

 

“Rating Agency
Confirmation” shall have, at any time that any Note A or Note B is an asset of a Securitization, the meaning assigned
to such term or analogous term in the Servicing Agreement.

 

“Realized Losses”
mean any reduction in the Mortgage Loan Principal Balance that does not result in an accompanying payment of principal to any
of the Holders, which may result from, but is not limited to, one of the following circumstances: (i) the cancellation or forgiveness
of any portion of the Mortgage Loan Principal Balance in connection with a bankruptcy or similar proceeding or a modification or
amendment of the Mortgage Loan granted by the Servicer pursuant to the terms of the Servicing Agreement, or (ii) a reduction in
the Mortgage Interest Rate, the Note A Interest Rate or the Note B Interest Rate in connection with a bankruptcy or similar proceeding
involving the Mortgage Loan Borrower or a modification or amendment of the Mortgage Loan agreed to by the Servicer in accordance
with the terms of the Servicing Agreement, that as a result of the application of Section 7, results in the application of principal
to pay interest to one or more Holders (each such Realized Loss described in this clause (ii) shall be deemed to have been incurred
on the Monthly Payment Date for each affected monthly payment).

 

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

 

“REMIC”
shall have the meaning assigned to such term in Section 4(h).

 

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

 

“Remittance
Date” shall mean:

 

(i)          with
respect to any Standalone Note and any Non-Standalone Note prior to securitization, the “Servicer Remittance Date”
(or analogous term) as defined in the Lead Securitization Servicing Agreement; and

 

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(ii)          with
respect to any Non-Standalone Note from and after the securitization of such Non-Standalone Note, the earlier of (a) the “Servicer
Remittance Date” (or analogous term) as defined in the Lead Securitization Servicing Agreement or (b) the first Business
Day after the “determination date,” as such term or a similar term is defined in the related Non-Lead Securitization
Servicing Agreement (provided, however, that in no event may any such “determination date” occur prior to (and any
such otherwise earlier “determination date” shall, for purposes of this definition, be deemed to occur on) the sixth
day of each month or, if such sixth day is not a Business Day, the immediately preceding Business Day).

 

“REO Proceeds”
shall mean, with respect to any REO Property, all revenues received by the applicable Servicer with respect to such REO Property
or the Mortgage Loan, which do not constitute Liquidation Proceeds. From and after the Lead Securitization Date, “REO Proceeds”
shall have the meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement.

 

“REO Property”
shall mean any Mortgaged Property title to which has been acquired by the Servicer on behalf of the Holders through foreclosure,
deed-in-lieu of foreclosure or otherwise. From and after the Lead Securitization Date, “REO Property” shall have the
meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement.

 

“Repurchase
Date” shall have the meaning assigned such term in Section 11.

 

“Repurchase
Option Notice” shall have the meaning assigned such term in Section 11.

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of at least “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special
Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date
of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special
servicer of such commercial mortgage loans, (iv) in the case of Morningstar, either (a) the special servicer has a special servicer
ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by Morningstar, is currently
acting as a special servicer on a deal or transaction-level basis for all or a significant portion of the related mortgage loans
in other CMBS transactions rated by any of S&P, KBRA, Morningstar, Moody’s, Fitch or DBRS and the Trustee relating to
the Securitization does not have actual knowledge that Morningstar has, with respect to any such other CMBS transaction, qualified,
downgraded or withdrawn its rating or ratings on one or more classes of such CMBS transaction citing servicing concerns of the
applicable replacement as the sole or material factor in such rating action, (v) in the case of KBRA, KBRA has not cited servicing
concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or
placement on

 

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“watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced
by such special servicer prior to the time of determination, and (vi) in the case of DBRS, such special servicer is currently acting
as special servicer for one or more loans included in a CMBS transactions that is rated by DBRS, and DBRS has not downgraded or
withdrawn the then-current rating on any class of CMBS or placed any class of CMBS on watch citing the continuation of such special
servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer
prior to the time of determination. The requirement of any rating agency that is not a Rating Agency shall be disregarded.

 

“Reserve Collateral”
shall have the meaning assigned such term in Section 21(i).

 

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

 

“Securitization”
shall mean the Lead Securitization and any Non-Lead Securitization, as the context may require.

 

“Securitization
Trust” shall mean the Lead Securitization Trust or any trust formed in connection with the Securitization of any Non-Standalone
Note, as the context may require.

 

“Servicer”
shall mean (i) prior to the Lead Securitization Date, the Interim Servicer, and (ii) from and after the Lead Securitization Date,
the Master Servicer or the Special Servicer, as the context may require.

 

“Servicing Agreement”
shall mean (i) prior to the Lead Securitization Date, the Interim Servicing Agreement, and (ii) from and after the Lead Securitization
Date, the Lead Securitization Servicing Agreement.

 

“Servicing Fee”
shall have the meaning assigned to such term in Section 4.

 

“Servicing Fee
Rate” shall mean the sum of: (i) 0.125 basis points (0.00125%) per annum (which consists solely of the primary
servicing fee rate with respect to the Standalone Notes and the Non-Standalone Notes) and (ii)(A) with respect to the Standalone
Notes, 0.125 basis points (0.00125%) per annum (which consists of the master servicing fee rate with respect to the Standalone
Notes) and (B) with respect to the Non-Standalone Notes, a rate per annum payable to the applicable master servicer of the
related Non-Lead Securitization.

 

“Special Servicer”
shall have the meaning set forth in the recitals of this Agreement.

 

“Special Servicer
Termination Event” shall have the meaning assigned to such term in the Servicing Agreement.

 

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“Special Servicing
Fee” shall have the meaning assigned to such term in Section 4.

 

“Special Servicing
Fee Rate” shall mean an amount:

 

(i) prior
to the Lead Securitization Date, so long as the Mortgage Loan is a Specially Serviced Mortgage Loan, an amount equal to the product
of (A) 12.5 basis points (0.125%) per annum and (B) the Mortgage Loan Principal Balance; and

 

(ii) from
and after the Lead Securitization Date, the meaning assigned to such term or analogous term in the Lead Securitization Servicing
Agreement.

 

“Specially Serviced
Mortgage Loan” shall mean the Mortgage Loan if:

 

(i) prior
to the Lead Securitization Date, any of the following occurs: (a) the Mortgage Loan Borrower fails to make a monthly debt service
payment for a period of 60 days after its Monthly Payment Date; (b) in the reasonable business judgment of the Servicer (with the
consent of the applicable Controlling Holder), exercised in accordance with Accepted Servicing Practices, there is an imminent
risk of an Event of Default consisting of a failure to make a monthly debt service payment which Event of Default is likely to
remain unremedied for a period of 60 days or more; (c) the Servicer has received notice or has actual knowledge that the Mortgage
Loan Borrower has become the subject of any bankruptcy, insolvency or similar proceeding, admitted in writing its inability to
pay its debts as they come due or made an assignment for the benefit of creditors; (d) the Servicer has received notice of
a foreclosure or threatened foreclosure of any lien upon the Mortgaged Property; (e) except with respect to matters already addressed
in clause (a) of this definition, the Servicer has received notice or has actual knowledge that the Mortgage Loan Borrower
is in default beyond any applicable notice and/or grace periods in the performance or observance of any of its obligations under
the related Mortgage Loan Documents the failure of which to cure, in the reasonable business judgment of the Servicer, exercised
in accordance with Accepted Servicing Practices, materially and adversely affects the interests of the Holders; or (f) a failure
on the part of the Mortgage Loan Borrower to make the Balloon Payment as and when the same becomes due and payable.

 

The period
during which the Mortgage Loan is specially serviced shall end and the Mortgage Loan shall be a “Corrected Mortgage Loan”:
(1) with respect to the circumstances described in clause (a) above, when the Mortgage Loan Borrower has paid in full all
payments due under the Mortgage Loan and have made three consecutive full and timely monthly debt service payments under the terms
of the Mortgage Loan or, if the Mortgage Loan is “worked out”, when the Mortgage Loan Borrower has made three consecutive
full and timely monthly debt service payments under the terms of the Mortgage Loan as modified in connection with such workout;
(2) with respect to the circumstances described in clauses (b), (c) and (d) above, when such circumstances cease to exist
in the good faith judgment of the Servicer, or in the case of clause (b) above the related Event of Default does not occur within
sixty (60) days from the date of such determination; (3) with respect to the circumstances described in clause (e) above,
when

 

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the Mortgage Loan Borrower has cured such default; or (4) with respect to the circumstances described in clause (f) above,
when the Mortgage Loan Borrower has paid in full all payments due under the Mortgage Loan or, if the Mortgage Loan is “worked
out,” when the Mortgage Loan Borrower has made three consecutive full and timely monthly debt service payments under the
terms of the Mortgage Loan as modified in connection with such workout; provided, in any case, that at that time no other
circumstance identified in clauses (a) through (f) above exists that would cause the Mortgage Loan to continue to be characterized
as a Specially Serviced Mortgage Loan; and

 

(ii) from and after the
Lead Securitization Date, the meaning given to such term or analogous term in the Lead Securitization Servicing Agreement.

 

“Standalone
A Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

 

“Standalone
Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

 

“Transfer”
shall have the meaning assigned such term in Section 18.

 

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to
pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as to which the Mortgage Loan becomes a Specially
Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (i)(b) of the
definition of Specially Serviced Mortgage Loan)). A Triggering Event of Default shall not exist to the extent a Note B Holder is
exercising its cure rights in accordance with Section 11(b) or prior to the expiration of any cure period granted pursuant
to Section 11(b).

 

“Trust Fund
Expenses” shall mean with respect to the Mortgage Loan, any unanticipated expenses and certain other default related
expenses incurred by any Securitization Trust (including, without limitation, all Property Advances (together with interest thereon
at the Advance Rate), all Administrative Advances (together with interest thereon at the Advance Rate) and all P&I Advances
(together with interest thereon at the rates specified in the Lead Securitization Servicing Agreement and the Non-Lead Securitization
Servicing Agreement applicable to each Note) and all additional trust fund expenses, to the extent not reimbursed by the Mortgage
Loan Borrower or deemed to be a Nonrecoverable Property Advance) and all other amounts (such as indemnification payments) permitted
to be retained, reimbursed or withdrawn by (or remitted to) the Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator or any operating advisor, as applicable, from the Collection Account or the Distribution Account pursuant to the
Lead Securitization Servicing Agreement or permitted to be reimbursed to any of the parties to a Non-Lead Securitization Servicing
Agreement pursuant to the terms thereof. Any fees, costs or expenses relating to any other mortgage loan included in a Securitization
Trust with the related Non-Standalone Note(s) shall not be considered Trust Fund Expenses.

 

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“Trustee”
shall have the meaning assigned to such term in the recitals of this Agreement.

 

“Updated Appraisal”
shall mean an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal
performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI
standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

 

“Workout Fee”
shall mean (i) prior to the Lead Securitization Date, a fee equal to 25 basis points (0.250%) of each collection of interest and
principal (including scheduled payments, prepayments, Balloon Payments and payments at maturity) received on a Corrected Mortgage
Loan, and (ii) from and after the Lead Securitization Date, the meaning assigned to such term in the Lead Securitization Servicing
Agreement.

 

The Workout Fee shall
be payable out of each collection of interest and principal (including scheduled payments, prepayments, Balloon Payments and payments
at maturity) received on the Mortgage Loan for so long as the Mortgage Loan does not subsequently become a Specially Serviced Mortgage
Loan. The Workout Fee with respect to the Mortgage Loan shall cease to be payable if the Mortgage Loan subsequently becomes a Specially
Serviced Mortgage Loan or if the Mortgaged Property becomes an REO Property; provided that, if the Mortgage Loan thereafter
ceases to be a Specially Serviced Mortgage Loan, a new Workout Fee shall become payable to the applicable Servicer that had responsibility
for servicing the Mortgage Loan at such time.

 

2.          Subordination
of Note B. Each Note B and the right of each Note B Holder to receive payments with respect to its respective Note B shall,
subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Note A and the rights of each
Note A Holder to receive payments with respect to its respective Note A.

 

3.          Intentionally
Omitted.

 

4.          Administration
of the Mortgage Loan. (a) From and after the date hereof and prior to the Lead Securitization Date, the Interim Servicer shall
administer and service the Mortgage Loan consistent with the terms of this Agreement, the Interim Servicing Agreement, the Mortgage
Loan Documents, Accepted Servicing Practices and applicable law.

 

(b)        From and after
the Lead Securitization Date, the administration and servicing of the Mortgage Loan shall be governed by this Agreement and the
Lead Securitization Servicing Agreement; provided that:

 

(i)         except
as expressly provided for in this Agreement, the rights and remedies of any Note B Holder under the Lead Securitization Servicing
Agreement shall not be materially impaired compared to the rights and remedies of such Note B Holder set forth herein (and the
obligations of any Note B Holder under the Lead Securitization Servicing Agreement shall not be materially increased compared to
the obligations of such Note B Holder set forth herein),

 

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(ii)          the
provisions of the Lead Securitization Servicing Agreement may differ from this Agreement to the extent requested by the Rating
Agencies, the subordinate bond buyers or any of the other parties thereto and necessary in order that each Initial Holder and its
Affiliates obtain accounting “sale” treatment for its respective Note under FAS 140, provided that, in all cases, any
such differences between this Agreement and the Lead Securitization Servicing Agreement shall not have a material adverse effect
on any of the rights, remedies or protections granted to the Holders under this Agreement (without giving effect to any provision
of this Agreement which states that a term shall have “the meaning assigned to such term in the Servicing Agreement,”
or be “subject to the Servicing Agreement” or similar phrases),

 

(iii)          from
and after the Lead Securitization Date, such Lead Securitization Servicing Agreement shall not be modified in any manner materially
adverse to a Holder without the prior written consent of such Holder, and

 

(iv)          the
Lead Securitization Servicing Agreement shall contain terms and conditions as are set forth in Section 40(c) of this Agreement
and such additional provisions that are customary for securitization transactions involving assets similar to the Mortgage Loan
and that are otherwise (i) required by the Code relating to the tax elections of any Securitization Trust, (ii) required by law
or changes in any law, rule or regulation or (iii) generally required by the Rating Agencies in connection with the issuance of
ratings in securitizations similar to the Lead Securitization.

 

(c)          The Servicer shall
distribute (or cause to be distributed) to the Holders all payments due to the Holders in accordance with Section 5
and Section 6 hereof; provided, however, prior to calculating any amount of interest or principal due
on such date to the Holders, the Servicer shall reduce the Note B-1 Principal Balance and the Note B-2 Principal Balance pro
rata (based on their respective outstanding Principal Balances) (in each case, not below zero) by any Realized Loss with respect
to the Mortgage Loan, and after each Note B Principal Balance has been reduced to zero, the Servicer shall reduce the Note A-1
Principal Balance and the Note A-2 Principal Balance pro rata (based on their respective outstanding Principal Balances)
(in each case, not below zero) by any Realized Loss with respect to the Mortgage Loan.

 

(d)          In consideration
for servicing the Mortgage Loan (inclusive of each Note) a servicing fee shall accrue at a rate not to exceed the Servicing Fee
Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal Balance (the “Servicing
Fee”). The Servicing Fee shall be paid on the same interest accrual basis and for the same period of time for which interest
is paid on the Mortgage Loan, and shall be paid in accordance with the priorities set forth in Section 5 and Section 6.

 

(e)          In consideration
for special servicing the Mortgage Loan (inclusive of each Note) a special servicing fee shall accrue at a rate not to exceed the
Special Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal Balance
(the “Special Servicing Fee”). The Special Servicing Fee shall be payable to the Special Servicer if the Mortgage
Loan shall become a Specially Serviced Mortgage Loan, for so long as the Mortgage Loan remains a Specially Serviced Mortgage Loan.
Subject to any

 

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liquidation set forth in the Lead Securitization Servicing Agreement, the Liquidation Fee shall be payable to the
Special Servicer upon receipt of Liquidation Proceeds. For any period during which the provisions of Section 6 apply,
any Workout Fees or Liquidation Fees shall be paid from funds available for distribution prior to the distribution of funds to
the Holders in accordance with Section 6 (it being agreed that a Workout Fee and a Liquidation Fee shall not be payable
with respect to the same payment or with respect to the same period of time, or otherwise simultaneously or duplicatively). The
Holders acknowledge that pursuant to the Servicing Agreement, the Servicers may be entitled to receive Additional Servicing Compensation.
To the extent any such Additional Servicing Compensation is actually received by a Servicer in accordance with the Servicing Agreement,
such Servicer shall be entitled to retain the same. In no event, however, shall any amounts relating to Additional Servicing Compensation
that are not otherwise actually received by a Servicer (or its subservicer) be deducted from any distributions to any Holder pursuant
to Section 5 or Section 6, as applicable.

 

(f)          Notwithstanding
anything to the contrary contained herein, if each of the Standalone Notes ceases to be an asset of the Lead Securitization Trust,
the provisions of this Agreement shall apply in their entirety, and each Holder hereby agrees that the Mortgage Loan shall be serviced
pursuant to this Agreement. In such event, all references herein to the “Servicing Agreement” and to “from and
after the Lead Securitization Date” and any ancillary provisions relating thereto shall be deemed to be inoperative and of
no further force and effect; provided, the actual servicing of the Mortgage Loan under this Agreement shall be performed
by a successor Master Servicer appointed by the Lead Securitization Note Holder and a successor Special Servicer shall be appointed
by the Controlling Holder, both of which replacement Servicers shall be Qualified Servicers and shall be reasonably acceptable
to each of the Holders; provided, further, that until a replacement servicing agreement, if necessary, has been entered
into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization
Servicing Agreement, as if such agreement were still in full force and effect with respect to the Mortgage Loan, by the Servicer
in the Lead Securitization or by any Person appointed by the Lead Securitization Note Holder that is a “qualified servicer”
meeting the requirements of the Lead Securitization Servicing Agreement; provided, however, that such servicer shall
have no obligation to make P&I Advances or Administrative Advances. Any such entity acting as a successor Master Servicer or
successor Special Servicer of the Mortgage Loan pursuant to the proviso of the preceding sentence will be required to perform such
servicing in accordance with Accepted Servicing Practices and the provisions of this Agreement.

 

(g)          Notwithstanding
anything to the contrary contained herein, in accordance with this Agreement and the Lead Securitization Servicing Agreement, the
Lead Securitization Servicing Agreement shall provide that the Servicers are required to service and administer the Mortgage Loan
in accordance with Accepted Servicing Practices.

 

(h)          If any Note is
included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning of Section 860D(a)
of the Internal Revenue Code of 1986, as amended (the “Code”) (notice of which shall be given by the related
Holder to the other Holders within three (3) Business Days of the “startup day”, within the meaning of Section 860(G)(a)(9)
of the Code, of the related REMIC), then, any provision of this Agreement

 

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to the contrary notwithstanding: (i) the Mortgage Loan
shall be administered such that each Note qualifies at all times as (or as interests in) a “qualified mortgage” within
the meaning of Sections 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired by or on behalf
of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed-in-lieu of foreclosure of the Mortgage
or lien on such property following a default on the Mortgage Loan shall be administered so that the interests of the Holders therein
shall at all times qualify as “foreclosure property” within the meaning of Sections 860G(a)(8) of the Code and
(iii) the related Holder may not modify, waive or amend any provision of the Mortgage Loan, consent to or withhold consent
from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights which the related Holder
may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the
Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United Stated Department of the Treasury,
more than three (3) months after the earliest startup day of any REMIC which includes the related Note (or any portion of such
Note). The Holders agree that the provisions of this Section 4(h) shall be effected by compliance by the related Holder
or its assignee with this Agreement or the Servicing Agreement or any other agreement which governs the administration of the Mortgage
Loan or such Holder’s interest therein. All costs and expenses of compliance with this Section 4(h), to the extent
that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount, payment or avoidance
of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by the Holders.

 

5.          Payments Prior
to a Triggering Event of Default. If no Triggering Event of Default shall have occurred and is then continuing, then all amounts
tendered by the Mortgage Loan Borrower or otherwise available for payment on the Mortgage Loan (including, without limitation,
payments received in connection with any guaranty or indemnity agreement), whether received in the form of monthly debt service
payments, Prepayments, Balloon Payments, Liquidation Proceeds (other than any Repurchase Price), Penalty Charges, Cure Payments,
proceeds under title, hazard or other insurance policies or awards or settlements in respect of condemnation proceedings or similar
exercise of the power of eminent domain (other than any amounts for required reserves or escrows required by the Mortgage Loan
Documents and proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released
to the Mortgage Loan Borrower in accordance with Accepted Servicing Practices or the Mortgage Loan Documents) shall be distributed
by the Servicer and applied in the following order of priority (net of amounts payable or reimbursable to the Master Servicer or
Special Servicer in accordance with the Lead Securitization Servicing Agreement) (and payments shall be made at such times as are
set forth herein):

 

(i)       
   first, (A) first, to each Note A Holder (or the Master
Servicer or the Trustee of the Lead Securitization and, if applicable, the master servicers of the related Non-Lead
Securitizations), up to the amount of any Nonrecoverable Property Advances (or, in the case of a master servicer of a
Non-Lead Securitization, if applicable, its pro rata share of any Nonrecoverable Property Advances previously
reimbursed to the Master Servicer or Trustee from general collections of the applicable Non-Lead Securitization Trust) that
remain unreimbursed (together with interest thereon at the applicable Advance Rate), (B) second, to each Note A Holder
(or the Master Servicer or

 

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the Trustee and the master servicers or trustees of the related Non-Lead Securitizations), up to
the amount of any Nonrecoverable P&I Advances with respect to Note A, as applicable, on a pro rata and pari
passu basis (based on the total outstanding principal balance of Note A) that remain unreimbursed (together with interest
thereon at the applicable Advance Rate or analogous concept under such Non-Lead Securitization), (C) third, to each
Note B Holder (or the Master Servicer or the Trustee), up to the amount of any Nonrecoverable P&I Advances with
respect to Note B, as applicable, on a pro rata and pari passu basis, based on the total outstanding principal
balance of Note B, that remain unreimbursed (together with interest thereon at the applicable Advance Rate) and (D) fourth,
to the Holders of the Standalone Notes (or the Master Servicer of the Trustee of the Lead Securitization), up to the amount
of any nonrecoverable Administrative Advances with respect to the Standalone Notes, on a pro rata and pari
passu basis (based on the total outstanding principal balance of the Standalone Notes) that remain unreimbursed (together
with interest thereon at the applicable Advance Rate);

 

(ii)          second,
(A) first, to each Note A Holder (or any Servicer or Trustee (if any), as applicable)
on a pro rata and pari passu basis (based on the unreimbursed amount of costs paid or payable) and (B) second,
to the extent Note B is included in the Lead Securitization, to each Note B Holder (or any Servicer or Trustee (if any), as applicable)
(based on the unreimbursed amounts of costs paid or payable) in each case up to the amount of any unreimbursed Costs paid or any
Costs currently payable or paid or advanced by Note A or Note B (or any Servicer or the Trustee (if any)), as applicable, with
respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including, without limitation, unreimbursed
Property Advances and Administrative Advances and interest thereon at the applicable Advance Rate, to the extent such Costs, Property
Advances and Administrative Advances and interest thereon are then payable or reimbursable hereunder, or, after the Lead Securitization
Date, under the Lead Securitization Servicing Agreement with respect to Note A or Note B, as applicable, to the extent reimbursements
for such amounts are permitted under the Lead Securitization Servicing Agreement;

 

(iii)          third,
to each Note A Holder and Note B Holder (or the Master Servicer), the applicable accrued
and unpaid Servicing Fee (without duplication of any portion of the Servicing Fee paid by Mortgage Loan Borrower), and then to
each Note A Holder and each Note B Holder (or the Special Servicer), any Special Servicing Fees (including, without limitation,
any Workout Fees and Liquidation Fees) earned by it with respect to the Mortgage Loan under this Agreement or the Servicing Agreement;

 

(iv)          fourth,
pari passu to each Note A Holder, up to an amount equal to the accrued and unpaid
interest on the Note A Principal Balance at the Net Note A Interest Rate, such amount to be allocated to each Note A Holder, on
a pro rata basis based on the amount of accrued and unpaid interest due to each such Holder;

 

(v)          fifth,
pari passu, in respect of principal collections, with respect to all payments and
prepayments of principal, to each Note A Holder, on a pro rata basis (based on their respective outstanding Principal Balances),
up to an amount equal to all

 

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such payments and prepayments of principal, until the related Principal Balances have been reduced
to zero;

 

(vi)          sixth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i)-(v), pari passu (x) to each Note A-1 Holder, an amount equal
to the aggregate of unreimbursed Realized Losses previously allocated to such Note A-1 Holder in accordance with the terms of Section 4(c)
or Section 7(a), plus interest thereon at the Net Note A-1 Interest Rate compounded monthly from the date the related
Realized Loss was allocated to Note A-1, and (y) to each Note A-2 Holder, an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Note A-2 Holder in accordance with the terms of Section 4(c) or Section 7(a),
plus interest thereon at the Net Note A-2 Interest Rate compounded monthly from the date the related Realized Loss was allocated
to Note A-2, such amount to be allocated to the Note A-1 Holder and the Note A-2 Holder, on a pro rata basis based on the
amount of Realized Losses previously allocated to each such Holder;

 

(vii)         seventh,
to the extent Note B is not included in the Lead Securitization, to each Note B Holder, up
to the amount of any unreimbursed Costs paid or any Costs currently payable by such Note B Holder with respect to the Mortgage
Loan pursuant to this Agreement, including, without limitation, unreimbursed Property Advances and Administrative Advances made
by such Note B Holder and any Cure Payment made by such Note B Holder pursuant to Section 11(b) hereof, on a pro
rata basis based on the amount of any unreimbursed Costs previously allocated to each such Holder;

 

(viii)        eighth,
pari passu (x) to the Note B-1 Holder, up to an amount equal to the accrued and unpaid interest on the Note B-1 Principal
Balance at the Net Note B-1 Interest Rate and (y) to the Note B-2 Holder, up to an amount equal to the accrued and unpaid interest
on the Note B-2 Principal Balance at the Net Note B-2 Interest Rate, such amount to be allocated to the Note B-1 Holder and the
Note B-2 Holder, on a pro rata basis based on the amount of accrued and unpaid interest due to each such Holder;

 

(ix)          ninth,
pari passu, in respect of principal collections, with respect to all payments and prepayments of principal, to the
Note B-1 Holder and to the Note B-2 Holder on a pro rata basis (based on their respective outstanding Principal Balances),
up to an amount equal to all such payments and prepayments of principal, until the related Principal Balances have been reduced
to zero;

 

(x)       
   tenth, to the Note B-1 Holder and the Note B-2 Holder, on a pro rata and pari passu
basis (based on the amount of Realized Losses previously allocated to each such Note), an amount equal to the aggregate of
unreimbursed Realized Losses previously allocated to Note B-1 and Note B-2, respectively, in accordance with the terms of Section 4(c)
or Section 7(a), plus interest thereon in each case at the Net Note B Interest Rate, compounded monthly from the
date the related Realized Loss was allocated to Note B-1 or Note B-2, as applicable;

 

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(xi)          eleventh,
any interest accrued at the Mortgage Default Rate on the Mortgage Loan Principal Balance to the extent such default interest amount
is (i) actually paid by the Mortgage Loan Borrower, (ii) in excess of interest accrued on the Mortgage Loan Principal Balance
at the Mortgage Interest Rate and (iii) not required to be paid to the Master Servicer, the Trustee or the Special Servicer or
the master servicer or trustee under a Non-Lead Securitization Servicing Agreement as provided in Section 9(d), pro
rata (based on the amounts described in each of the following clauses (A) through (D)) and pari passu, to (A) the Note
A-1 Holder in an amount calculated on the Note A-1 Principal Balance at the excess of (x) the Note A-1 Default Interest Rate over
(y) the Note A-1 Interest Rate, (B) the Note A-2 Holder in an amount calculated on the Note A-2 Principal Balance at the excess
of (x) the Note A-2 Default Interest Rate over (y) the Note A-2 Interest Rate, (C) the Note B-1 Holder in an amount calculated
on the Note B-1 Principal Balance at the excess of (x) the Note B-1 Default Interest Rate over (y) the Note B-1 Interest Rate,
and (D) the Note B-2 Holder in an amount calculated on the Note B-2 Principal Balance at the excess of (x) the Note B-2 Default
Interest Rate over (y) the Note B-2 Interest Rate;

 

(xii)          twelfth,
first, pro rata (based on the amounts described in each of the following clauses ((i) and (ii)) and pari passu,
to: (i) each Note A-1 Holder, any Prepayment Charge allocable to any prepayment of the related Note A-1 and (ii) each Note
A-2 Holder, any Prepayment Charge allocable to any prepayment of the related Note A-2, and then second, pro rata
(based on the amounts described in each of the following clauses ((i) and (ii)) and pari passu, to: (i) the Note B-1 Holder,
any Prepayment Charge allocable to any prepayment of Note B-1, and (ii) the Note B-2 Holder, any Prepayment Charge allocable to
any prepayment of Note B-2, in each case, to the extent actually paid by the Mortgage Loan Borrower,

 

(xiii)         thirteenth,
pro rata and pari passu (in the case of Penalty Charges, only to the extent not required to be paid to the Master
Servicer, the Trustee or the Special Servicer or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement
as provided in Section 9(d)), to: (i) each Note A-1 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf)
its Percentage Interest of any assumption fees and Penalty Charges, (ii) each Note A-2 Holder (or any Servicer or Trustee (if any),
as applicable, on its behalf) its Percentage Interest of any assumption fees and Penalty Charges, (iii) the Note B-1 Holder (or
any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest of any assumption fees and Penalty Charges,
and (iv) the Note B-2 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest of any
assumption fees and Penalty Charges, in each case, to the extent actually paid by the Mortgage Loan Borrower; and

 

(xiv)          fourteenth,
any excess amount not otherwise applied pursuant to the foregoing clauses (i) through (xiii) of this Section 5
will be distributed to the Holders pro rata and pari passu in accordance with their respective initial Percentage
Interests set forth in the Mortgage Loan Schedule.

 

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If any Note (or portion
thereof) has been defeased, the foregoing provisions of this Section 5 will apply only to the non-defeased Notes (or portions
thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the related defeasance
collateral.

 

To the extent that
the Mortgage Loan Borrower pays any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification or amendment thereof,
such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, Workout Fee and Liquidation Fee,
as applicable, pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders under clauses (iv) and
(viii) above for the applicable Remittance Date shall be adjusted accordingly. 

 

6.            Payments Following
a Triggering Event of Default.

 

(a)          After the occurrence
of a Triggering Event of Default and for so long as such Triggering Event of Default is continuing, all amounts tendered by the
Mortgage Loan Borrower or otherwise available for payment of the Mortgage Loan (including, without limitation, payments received
in connection with any guaranty or indemnity agreement), whether received in the form of monthly debt service payments, Prepayments,
Balloon Payments, Liquidation Proceeds (other than any Repurchase Price), Penalty Charges, Cure Payments, proceeds under title,
hazard or other insurance policies or awards or settlements in respect of condemnation proceedings or similar exercise of the power
of eminent domain (other than any amounts for required reserves or escrows required by the Mortgage Loan Documents and proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower
in accordance with Accepted Servicing Practices or the Mortgage Loan Documents) shall be applied in the following order of priority
(net of amounts payable or reimbursable to the Master Servicer or Special Servicer in accordance with the Lead Securitization Servicing
Agreement) (and payments shall be made at such times as are set forth herein):

 

(i)            first,
(A) first, to each Note A Holder (or the Master Servicer or the Trustee of the Lead
Securitization and, if applicable, the master servicers of the related Non-Lead Securitizations), up to the amount of any Nonrecoverable
Property Advances (or, in the case of a master servicer of a Non-Lead Securitization, if applicable, its pro rata share
of any Nonrecoverable Property Advances previously reimbursed to the Master Servicer or Trustee from general collections of the
applicable Non-Lead Securitization Trust) that remain unreimbursed (together with interest thereon at the applicable Advance Rate),
(B) second, to each Note A Holder (or the Master Servicer or the Trustee and the master servicers or trustees of the related
Non-Lead Securitizations), up to the amount of any Nonrecoverable P&I Advances with respect to Note A, as applicable, on a
pro rata and pari passu basis (based on the total outstanding principal balance of Note A) that remain unreimbursed
(together with interest thereon at the applicable Advance Rate or analogous concept under such Non-Lead Securitization), (C) third,
to each Note B Holder (or the Master Servicer or the Trustee), up to the amount of any Nonrecoverable P&I Advances with respect
to Note B, as applicable, on a pro rata and pari passu basis, based on the total outstanding principal balance of
Note B, that remain unreimbursed (together with interest thereon at the applicable Advance Rate) and

 

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(D)
fourth, to the Holders of the Standalone Notes (or the Master Servicer of the Trustee of the Lead Securitization), up to
the amount of any nonrecoverable Administrative Advances with respect to the Standalone Notes, on a pro rata and pari
passu basis (based on the total outstanding principal balance of the Standalone Notes) that remain unreimbursed (together
with interest thereon at the applicable Advance Rate);

 

(ii)          second,
(A) first, to each Note A Holder (or any Servicer or Trustee (if any), as applicable)
on a pro rata and pari passu basis (based on the unreimbursed amount of costs paid or payable) and (B) second,
to the extent Note B is included in the Lead Securitization, to each Note B Holder on a pro rata and pari passu basis
(or any Servicer or Trustee (if any), as applicable) (based on the unreimbursed amounts of costs paid or payable), in each case
up to the amount of any unreimbursed Costs paid or any Costs currently payable or paid or advanced by such Note A Holder or Note
B Holder (or any Servicer or the Trustee (if any)), as applicable, with respect to the Mortgage Loan pursuant to this Agreement
or the Servicing Agreement, including, without limitation, unreimbursed Property Advances and Administrative Advances and interest
thereon at the applicable Advance Rate, to the extent such Costs, Property Advances and Administrative Advances and interest thereon
are then payable or reimbursable hereunder, or, after the Lead Securitization Date, under the Lead Securitization Servicing Agreement
with respect to Note A or Note B, as applicable, to the extent reimbursements for such amounts are permitted under the Lead Securitization
Servicing Agreement;

 

(iii)         third,
to each Note A Holder and Note B Holder (or the Master Servicer), the applicable accrued
and unpaid Servicing Fee (without duplication of any portion of the Servicing Fee paid by Mortgage Loan Borrower), and then to
each Note A Holder and Note B Holder (or the Special Servicer), any Special Servicing Fees (including, without limitation, any
Workout Fees and Liquidation Fees) earned by it with respect to the Mortgage Loan under this Agreement or the Servicing Agreement;

 

(iv)         fourth,
pari passu to each Note A Holder, up to an amount equal to the accrued and unpaid
interest on the Note A Principal Balance at the Net Note A Interest Rate, such amount to be allocated to each Note A Holder, on
a pro rata basis based on the amount of accrued and unpaid interest due to each such Holder;

 

(v)          fifth,
pari passu to each Note B Holder, up to an amount equal to the accrued and unpaid
interest on the Note B Principal Balance at the Net Note B Interest Rate, such amount to be allocated to each Note B Holder, on
a pro rata basis based on the amount of accrued and unpaid interest due to such Holder;

 

(vi)         sixth,
pari passu to each Note A-1 Holder and to each Note A-2 Holder, on a pro rata basis (based on their respective outstanding
Principal Balances), up to an amount equal to the outstanding Principal Balances of each Note A-1 and each Note A-2, until the
related Principal Balances have been reduced to zero;

 

(vii)        seventh,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i)-(vi), pari passu (x) to each Note A-1 Holder, an

 

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amount
equal to the aggregate of unreimbursed Realized Losses previously allocated to such Note A-1 Holder in accordance with the terms
of Section 4(c) or Section 7(a), plus interest thereon at the Net Note A-1 Interest Rate compounded monthly
from the date the related Realized Loss was allocated to Note A-1, and (y) to each Note A-2 Holder, an amount equal to the aggregate
of unreimbursed Realized Losses previously allocated to such Note A-2 Holder in accordance with the terms of Section 4(c)
or Section 7(a), plus interest thereon at the Net Note A-2 Interest Rate compounded monthly from the date the
related Realized Loss was allocated to Note A-2, such amount to be allocated to the Note A-1 Holder and the Note A-2 Holder, on
a pro rata basis based on the amount of Realized Losses previously allocated to each such Holder;

 

(viii)       eighth,
to the extent Note B is not included in the Lead Securitization, to each Note B Holder (based on the unreimbursed amount
of costs paid or payable), up to the amount of any unreimbursed Costs paid or any Costs currently payable by such Note B Holder
with respect to the Mortgage Loan pursuant to this Agreement, including, without limitation, unreimbursed Property Advances and
Administrative Advances made by such Note B Holder and any Cure Payment made by such Note B Holder pursuant to Section 11(b)
hereof, on a pro rata basis based on the amount of any unreimbursed Costs previously allocated to each such Holder;

 

(ix)          ninth,
pari passu, to the Note B-1 Holder and the Note B-2 Holder, on a pro rata basis (based on their respective outstanding
Principal Balances), up to an amount equal to the outstanding Principal Balances of each of Note B-1 and Note B-2, until the related
Principal Balances have been reduced to zero;

 

(x)           tenth,
to the Note B-1 Holder and the Note B-2 Holder, on a pro rata and pari passu basis (based on the amount of Realized
Losses previously allocated to each such Note), an amount equal to the aggregate of unreimbursed Realized Losses previously allocated
to Note B-1 and Note B-2, respectively, in accordance with the terms of Section 4(c) or Section 7(a), plus
interest thereon in each case at the Net Note B Interest Rate, compounded monthly from the date the related Realized Loss was allocated
to Note B-1 or Note B-2, as applicable;

 

(xi)         eleventh,
first, pro rata (based on the amounts described in each of the following clauses ((i) and (ii)) and pari passu,
to: (i) each Note A-1 Holder, any Prepayment Charge allocable to any prepayment of the related Note A-1, and (ii) each Note A-2
Holder, any Prepayment Charge allocable to any prepayment of the related Note A-2, and then, pro rata (based on the amounts
described in each of the following clauses ((i) and (ii)) and pari passu, to: (i) the Note B-1 Holder, any Prepayment Charge
allocable to any prepayment of Note B-1 and (ii) the Note B-2 Holder, any Prepayment Charge allocable to any prepayment of Note
B-2, in each case, to the extent actually paid by the Mortgage Loan Borrower;

 

(xii)        twelfth,
any interest accrued at the Mortgage Default Rate on the Mortgage Loan Principal Balance to the extent such default interest amount
is (i) actually paid by the Mortgage Loan Borrower, (ii) in excess of interest accrued on the Mortgage Loan

 

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Principal
Balance at the Mortgage Interest Rate and (iii) not required to be paid to the Master Servicer, the Trustee or the Special Servicer
or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement as provided in Section 9(d), pro
rata (based on the amounts described in each of the following clauses (A) through (D)) and pari passu, to (A) each
Note A-1 Holder in an amount calculated on the Note A-1 Principal Balance on such Monthly Payment Date prior to the application
of funds contemplated in this Section 6 at the excess of (x) the Note A-1 Default Interest Rate over (y) the Note A-1 Interest
Rate, (B) each Note A-2 Holder in an amount calculated on the Note A-2 Principal Balance on such Monthly Payment Date prior to
the application of funds contemplated in this Section 6 at the excess of (x) the Note A-2 Default Interest Rate over (y)
the Note A-2 Interest Rate, (C) the Note B-1 Holder in an amount calculated on the Note B-1 Principal Balance on such Monthly
Payment Date prior to the application of funds contemplated in this Section 6 at the excess of (x) the Note B-1 Default
Interest Rate over (y) the Note B-1 Interest Rate, and (D) each Note B-2 Holder in an amount calculated on the Note B-2 Principal
Balance on such Monthly Payment Date prior to the application of funds contemplated in this Section 6 at the excess of
(x) the Note B-2 Default Interest Rate over (y) the Note B-2 Interest Rate;

 

(xiii)        thirteenth,
pro rata and pari passu (in the case of Penalty Charges, only to the extent not required to be paid to the Master
Servicer, the Trustee or the Special Servicer or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement
as provided in Section 9(d)), to: (i) each Note A-1 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf)
its Percentage Interest (prior to the application of funds contemplated in this Section 6) of any assumption fees and Penalty
Charges, (ii) each Note A-2 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest
(prior to the application of funds contemplated in this Section 6) of any assumption fees and Penalty Charges, (iii) the
Note B-1 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest (prior to the application
of funds contemplated in this Section 6) of any assumption fees and Penalty Charges, and (iv) the Note B-2 Holder (or any
Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest (prior to the application of funds contemplated
in this Section 6) of any assumption fees and Penalty Charges, in each case, to the extent actually paid by the Mortgage
Loan Borrower; and

 

(xiv)        fourteenth,
any excess amount not otherwise applied pursuant to the foregoing clauses (i) through (xiii) of this Section 6
will be distributed pro rata to the Holders in accordance with their respective initial Percentage Interests set forth in
the Mortgage Loan Schedule.

 

If any Note (or portion
thereof) has been defeased, the foregoing provisions of this Section 6 will apply only to the non-defeased Notes (or portions
thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the related defeasance
collateral.

 

To the extent that
the Mortgage Loan Borrower pays any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification or amendment thereof,
such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, Workout Fee and Liquidation

 

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Fee,
as applicable, pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders under clauses (iv) and
(v) above for the applicable Remittance Date shall be adjusted accordingly.

 

(b)          Following
any period during which the terms of this Section 6 are in effect, in the event that the Mortgage Loan becomes a Corrected Mortgage
Loan, or if the applicable Triggering Event of Default is no longer existing, or if the Mortgage Loan is restructured in connection
with a workout such that the Mortgage Loan is no longer a Specially Serviced Mortgaged Loan and, as restructured, is transferred
back to the Servicer and the applicable Triggering Event of Default is no longer continuing, then the terms of Section 5 hereof
shall again be in effect, subject, however, to the terms of Section 7 hereof.

 

7.           Workout.
(a) Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and Section 20 and Section 21 of this Agreement, and the obligation to act in accordance with Accepted
Servicing Practices, if any applicable Servicer in connection with a workout or proposed workout of the Mortgage Loan, modifies
the terms thereof such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate (or the
Note A Interest Rate or Note B Interest Rate) is reduced, (iii) payments of interest or principal on the Mortgage Loan are
waived, reduced or deferred (other than due solely to an extension of the Maturity Date (that is not a forbearance) pursuant to
an executed extension agreement between Lender and the Mortgage Loan Borrower, so long as no other modification under this Section
7 has occurred), or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, all payments to each
Note A Holder pursuant to Section 5 and Section 6, as applicable, shall be made as though such workout
did not occur, with the payment terms of Note A remaining the same as they are on the Closing Date, and the full economic effect
of all waivers, reductions or deferrals of amounts due on the Mortgage Loan attributable to such workout shall be borne, first,
pro rata by the Note B-1 Holder (up to the Note B-1 Principal Balance, together with accrued interest thereon at the Note
B-1 Interest Rate and any other amounts due to the Note B-1 Holder) and the Note B-2 Holder (up to the Note B-2 Principal Balance,
together with accrued interest thereon at the Note B-2 Interest Rate and any other amounts due to the Note B-2 Holder), second,
pro rata by each Note A-1 Holder (up to the Note A-1 Principal Balance, together with accrued interest thereon at the Note
A-1 Interest Rate, and any other amounts due to the Note A-1 Holder) and each Note A-2 Holder (up to the Note A-2 Principal Balance,
together with accrued interest thereon at the Note A-2 Interest Rate, and any other amounts due to the Note A-2 Holder). If the
Mortgaged Property shall become an REO Property, the same shall be acquired, managed and operated in substantially the manner provided
in the Servicing Agreement, and the priority of distributions among the Note A Holder and the Note B Holder shall continue to be
made in accordance with the terms of Section 6 that would be applicable following the occurrence and during the continuation
of a Triggering Event of Default (whether or not the applicable Mortgage Loan Documents then remain in effect), with distributions
on account of scheduled interest payments being deemed to be Assumed Scheduled Payments (as such term shall be defined in the Servicing
Agreement) for such purpose.

 

(b)          For purposes of
determining the identity of the Controlling Holder (and not for any other purpose, including purposes of calculations set forth
in Section 5 and Section 6 hereof), Appraisal Reduction Amounts and Collateral Deficiency Amounts shall be allocated

 

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first,
to reduce the Note B-1 Principal Balance and the Note B-2 Principal Balance, pro rata, and then, to reduce the Note
A-1 Principal Balance and the Note A-2 Principal Balance, pro rata. The Lead Securitization Note Holder (or the Special
Servicer on its behalf) shall notify the Holders in writing of any Appraisal Reduction Amounts and Collateral Deficiency Amounts
calculated with respect to the Mortgage Loan and any allocation thereof to reduce the Principal Balance of any Note.

 

8.           Collection Accounts;
Payment Procedure. (a) Pursuant to the terms of this Agreement or the Servicing Agreement, the Lead Securitization Note Holder
shall cause the Servicer to establish and maintain the Collection Account. Each of the Holders hereby directs the Servicer, in
accordance with the priorities set forth in Section 5 and Section 6, as applicable, and subject to the
terms of this Agreement or the Servicing Agreement, as applicable, (i) to deposit into the applicable Collection Account within
two (2) Business Days after receipt of properly identified funds with respect to the Mortgage Loan and (ii) to remit from the applicable
Collection Account (x) for deposit or credit on the Remittance Date all payments received with respect to and allocable to each
Note A and Note B, by wire transfer to accounts maintained by each Holder and designated to the Servicer in writing; provided that
delinquent payments received by the Servicer after the related Remittance Date shall be remitted by the Servicer to such accounts
no later than the Business Day after the Determination Date; and (y) for such other purposes and at such times as specified in
this Agreement and the Servicing Agreement.

 

(b)         If any Servicer
holding or having distributed any amount received or collected in respect of any Note determines, or a court of competent jurisdiction
orders, at any time that any amount received or collected in respect of any Note must, pursuant to any insolvency, bankruptcy,
fraudulent conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to any Holder, any Servicer
or any other Person, then, notwithstanding any other provision of this Agreement, such Servicer shall not be required to distribute
any portion thereof to the Holder of such Note, and such Holder, shall promptly on demand repay to such Servicer the portion thereof
which shall have been theretofore distributed to the related Holder, together with interest thereon at such rate, if any, as such
Servicer shall have been required to pay to the Mortgage Loan Borrower, the Holders, any other Servicer or such other Person with
respect thereto, or, if the amount in question had been advanced by the Servicer, then with interest thereon at the Advance Rate.
Each Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it will promptly remit such excess to the Servicer. The Servicer shall have the right
to offset any amounts due hereunder from any Holder, with respect to the Mortgage Loan against any future payments due to such
Holder, as applicable, under the Mortgage Loan, provided, that the obligations of each Holder under this Section 8
are separate and distinct obligations from one another, and in no event shall any Servicer be permitted or required under the Servicing
Agreement to enforce the obligations of any Holder against the other Holders. The obligations of each Holder under this Section 8
constitute absolute, unconditional and continuing obligations and each Servicer shall be deemed a third party beneficiary of these
provisions.

 

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9.           Advances; Default
Interest; Penalty Charges.

 

(a)          Prior to the
Lead Securitization Date, if the Lead Securitization Note Holder elects, in its reasonable good faith discretion and in accordance
with Accepted Servicing Practices, to make a Property Advance, the Lead Securitization Note Holder shall notify the other Holders
promptly, which notice shall set forth the amount of the additional funds required, the date such funds are required and a summary
of the need for such advance. The other Holders shall be required to advance on or before the date specified in the related notice
their respective Percentage Interest of such Property Advance. If any Holder fails or refuses to advance the foregoing share of
such Property Advance, the Lead Securitization Note Holder shall have the right to advance the portion of such Property Advance
not advanced by such other Holders. Repayment of any and all such Property Advances made by any Holder together with interest thereon
at the Advance Rate, if applicable, shall be paid to the Holders as provided in Section 5 and Section 6 hereof.

 

(b)          From and after
the Lead Securitization Date, the Servicer and/or the Trustee shall be obligated to make Property Advances with respect to the
Mortgage Loan in accordance with the Lead Securitization Servicing Agreement and the right of such party to reimbursement for any
such Property Advances and interest thereon will be prior to the rights of the Holders to receive any distributions or amounts
recovered with respect to the Mortgage Loan or the Mortgaged Property to the extent provided in this Agreement.

 

(c)          If any party
to the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement makes a P&I Advance in respect
of any Note, such P&I Advance and any interest accrued thereon shall be reimbursable to such advancing party solely as provided
under the terms of this Agreement and the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing Agreement,
as applicable.

 

(d)          The Lead Securitization
Servicing Agreement shall provide that Penalty Charges and any interest accrued at the Mortgage Default Rate on the Mortgage Loan
Principal Balance that is in excess of interest accrued on the Mortgage Loan Principal Balance at the Mortgage Interest Rate, in
either case to the extent actually paid by the Mortgage Loan Borrower, shall be applied by the Master Servicer (prior to allocation
to the Holders under Section 5 or Section 6) for following purposes:

 

(1)           first,
(i) to pay the Master Servicer, the Trustee or the Special Servicer for each Holder’s pro rata share of any interest
accrued on any Property Advances and reimbursement of any Property Advances in accordance with the terms of the Lead Securitization
Servicing Agreement; (ii) to pay the Master Servicer or the Trustee or the master servicers or trustees under the related Non-Lead
Securitization Servicing Agreement the amount, if any, of interest accrued on any P&I Advance made with respect to any Note
by such party; and (iii) to pay the Master Servicer or the Trustee for each Standalone Note Holder’s pro rata share
of interest accrued on any Administrative Advances and reimbursement of any Administrative Advances in accordance with the terms
of the Lead Securitization Servicing Agreement, and

 

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(2)          second,
be used to reduce, on a pro rata basis, each Holder’s share of Trust Fund Expenses (other than Special Servicing Fees,
unpaid Workout Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing
Agreement).

 

(e)          The Lead Securitization
Servicing Agreement may also provide that (i) any Penalty Charges and any interest accrued at the Mortgage Default Rate that has
been allocated pursuant to Section 5 or Section 6 to the Notes included in such Lead Securitization be paid to the
Master Servicer and/or the Special Servicer as Additional Servicing Compensation as provided in the Lead Securitization Servicing
Agreement and (ii) following a Non-Lead Securitization, any Penalty Charges and any interest accrued at the Mortgage Default Rate
that has been allocated pursuant to Section 5 or Section 6 to the Holder of the Note included in such Non-Lead Securitization,
be paid to the Master Servicer and/or the Special Servicer as Additional Servicing Compensation as provided in the Lead Securitization
Servicing Agreement.

 

10.          Limitation
on Liability. Neither the Note A Holders nor any Servicer acting on its behalf shall have any liability to the Note B Holder
with respect to Note B, except with respect to losses actually suffered due to the negligence, willful misconduct or breach of
this Agreement on the part of such Note A Holder or the Servicer. The Note B Holder shall have no liability to any Note A Holder
with respect to its respective Note A except with respect to losses actually suffered due to the negligence, willful misconduct
or breach of this Agreement on the part of the Note B Holder.

 

11.          Purchase of
Note A by the Note B Holder; Note B Holder Cure Rights.

 

Prior to the Lead
Securitization Date or if each Note B is no longer included in the Lead Securitization Trust, the provisions of this Section
11 shall apply. In addition, if any B Note is included in the Lead Securitization Trust, the provisions of this Section
11 shall not apply.

 

(a)          Par Purchase
Option. If a Triggering Event of Default has occurred and is continuing, then, upon written notice from the Lead Securitization
Note Holder (or the Servicer on its behalf) (a “Repurchase Option Notice”) of such occurrence, any Note B Holder
(and if each of the Note B-1 Holder and the Note B-2 Holder, or any combination thereof, provide such written notice, then such
Note B Holders, collectively, on a pro rata basis) shall have the right, prior to any other party, by written notice to
the Lead Securitization Note Holder (or the Servicer on its behalf) (a “Note B Holder Repurchase Notice”), after
the occurrence of the Triggering Event of Default and prior to the earliest date (the “Purchase Right Cut-Off Date”)
to occur of (a) the cure of the Triggering Event of Default, (b) the consummation of a foreclosure sale, sale by power of sale
or delivery of a deed-in-lieu of foreclosure with respect to the Mortgaged Property (and the Lead Securitization Note Holder (or
the Servicer on its behalf) shall be required to give the Note B Holder five (5) Business Days prior written notice of its intent
(a “Notice of Foreclosure/DIL”) with respect to any such action in this clause (b)), except that if the Servicer
intends to accept a deed-in-lieu of foreclosure, it shall deliver a Notice of Foreclosure/DIL (stating that it intends to accept
a deed-in-lieu of foreclosure) to the Note B Holder and the Note B Holder shall have the option, within ten (10) Business Days
from the date it receives such Notice of Foreclosure/DIL, to deliver a Note B Holder Repurchase Notice to the Lead

 

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Securitization
Note Holder (or the Servicer on its behalf), and provided that it has delivered notice within such time period, to consummate
the purchase option on a Repurchase Date (as defined below) to occur no later than thirty (30) days from the day it received the
Notice of Foreclosure/DIL from the Servicer; provided, that such thirty (30) days may be extended at the option of the
Note B Holder for an additional thirty (30) days upon payment to the Lead Securitization Note Holder (or the Servicer on its behalf)
of a $5 million non-refundable cash deposit if the Note B Holder provides evidence reasonably satisfactory to the Lead Securitization
Note Holder (or the Servicer on its behalf) that it is diligently and expeditiously proceeding to consummate its purchase of each
Note A, (c) the modification of the Mortgage Loan Documents effected in accordance herewith and with the terms of the Servicing
Agreement (and subject to the approval rights of the Directing Holder and the consultation rights of the Non-Controlling Holder
set forth herein and therein) and (d) the date that is ninety (90) days after the Directing Holder’s receipt of the Repurchase
Option Notice, to purchase each Note A for the applicable Defaulted Mortgage Loan Purchase Price, and upon the delivery of the
Note B Holder Repurchase Notice to each Note A Holder (or the Servicer on its behalf), each Note A Holder (or the Servicer on
its behalf) shall sell and the Note B-1 Holder or Note B-2 Holder, as applicable, shall purchase all of each Note A Holder’s
right, title and interest in and to each Note A (without recourse or warranty, except that each Note A Holder shall represent
and warrant that it owns its respective Note A, its respective Note A is free and clear of liens, encumbrances and any participations
therein, and that such Note A Holder as applicable, has the power and authority to sell and deliver its respective Note A) for
the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Repurchase Date”) not less than five
(5) Business Days nor more than fifteen (15) Business Days after the date of the Note B Holder Repurchase Notice (other than as
provided in the immediately preceding clause (b) with respect to a Note B Holder Repurchase Notice based on a Notice of Foreclosure/DIL),
as shall be designated by the Note B-1 Holder or Note B-2 Holder, as applicable, and reasonably acceptable to each Note A Holder.
The Defaulted Mortgage Loan Purchase Price shall be calculated by the Servicer three (3) Business Days prior to the Repurchase
Date (and such calculation shall be accompanied by reasonably detailed back-up documentation explaining how such price was determined).
The right of a Note B Holder to exercise its purchase option hereunder shall automatically terminate upon the Purchase Right Cut-Off
Date, subject to the possibility that such right will be reinstated if a Triggering Event of Default subsequently occurs. Upon
the consummation of the purchase option contemplated by this Section 11(a), the Lead Securitization Note Holder (or
the Servicer or Trustee on its behalf) shall deliver all original Mortgage Loan Documents and other applicable materials in its
possession to the applicable Note B Holder or its designee. The foregoing rights of the Note B Holders shall be in addition to
any rights such Person may have to purchase each Note A pursuant to the Servicing Agreement. Notwithstanding the foregoing, if
either of the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party is a Note B Holder (or holds a majority interest
in Note B), such Note B Holder shall not have the right to exercise the purchase option set forth in this Section 11(a).

 

Notwithstanding anything
to the contrary contained in this Section, during the period in which any portion of the Mortgage Loan is subject to purchase
by Note B Holder pursuant to this Section, the Mortgage Loan shall continue to be serviced by the applicable Servicer in accordance
with Accepted Servicing Practices.

 

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(b)          Cure Rights.
In the event any monetary default beyond applicable notice and grace periods or non-monetary default beyond applicable notice and
grace periods shall exist with respect to the Mortgage Loan, then, upon notice from the Lead Securitization Note Holder (or the
Servicer on its behalf) (a “Cure Option Notice”) of the occurrence of such default beyond applicable notice
and grace periods (which notice the Lead Securitization Note Holder (or the Servicer on its behalf) shall promptly give to the
Note B Holder upon receipt of knowledge thereof), each Note B Holder shall have the right, exercisable by each Note B Holder giving
written notice of its intent to cure a default within five (5) Business Days after receipt of the Cure Option Notice, to cure such
default (and if each of the Note B-1 Holder and the Note B-2 Holder, or any combination thereof, provide such notice, then such
Note B Holders collectively, on a pro rata basis shall have the right to cure such default); provided, in the event
a Note B Holder has elected to cure any default, the default must be cured by such Note B Holder within, in the case of a monetary
default, ten (10) Business Days after receipt of such Cure Option Notice and, in the case of a non-monetary default, thirty (30)
days after receipt of such Cure Option Notice. If a Note B Holder is attempting to cure a non-monetary default, the foregoing cure
period of thirty (30) days may be extended for an additional sixty (60) days (for a total of up to ninety (90) days), but only
for so long as (i) such Note B Holder is diligently and expeditiously proceeding to cure such non-monetary default, (ii) such Note
B Holder makes all Cure Payments that it is permitted to make in accordance with this Section, (iii) such non-monetary default
is not the result of a bankruptcy of the Mortgage Loan Borrower or other insolvency related event, and no bankruptcy commences
or other insolvency related event occurs during the period that such Note B Holder is otherwise permitted to cure a non-monetary
default in accordance with this Section and (iv) there is no material adverse effect on the Mortgage Loan Borrower, the Mortgaged
Property or the value of the Mortgage Loan as a result of such non-monetary default or the attempted cure thereof.

 

If a Note B Holder
elects to cure a default that can be cured by the payment of money (each such payment, a “Cure Payment”),
such Note B Holder shall make such Cure Payment as directed by the Lead Securitization Note Holder (or the Servicer on its behalf)
and each such Cure Payment shall include all costs, expenses, losses, liabilities, obligations, damages, penalties, and disbursements
imposed on, incurred by or asserted against each Note A Holder (including, without limitation, all unreimbursed Advances
(without regard to whether such Advance would be a Nonrecoverable Advance) and any interest charged thereon at the Advance Rate,
and any unpaid Special Servicing Fees with respect to the Mortgage Loan, but excluding any default interest and Penalty Charges)
related to the default and incurred during the period of time from the expiration of the grace period for such default under the
Mortgage Loan until such Cure Payment is made or such other cure is otherwise effected.

 

The right of a Note
B Holder to reimbursement of any Cure Payment shall be as set forth in Section 5 and Section 6, as applicable.
So long as a default exists that is being cured by a Note B Holder pursuant to this Section 11(b) and the cure period
has not expired and such Note B Holder is permitted to cure under the terms of this Section 11(b), the Lead Securitization
Note Holder (or the Servicer on its behalf) and the Trustee shall not treat such default as a default or a Triggering Event of
Default (i) for purposes of Section 5 or Section 6; (ii) for purposes of accelerating the Mortgage Loan,
modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure or the taking
of title by

 

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deed-in-lieu
of foreclosure or other similar legal proceedings with respect to the Mortgaged Property; or (iii) for purposes of treating the
Mortgage Loan as a Specially Serviced Mortgage Loan; provided that such limitations shall not prevent the Lead Securitization
Note Holder (or the Servicer on its behalf) or the Trustee from sending notices of the default to the Mortgage Loan Borrower or
any related guarantor or making demands on the Mortgage Loan Borrower or any related guarantor or from collecting default interest
or late payment charges from the Mortgage Loan Borrower. Notwithstanding anything to the contrary contained in this Section 11(b),
(A) a Note B Holder’s right to cure a monetary default or non-monetary default shall be limited to six (6) Cure Events over
the life of the Mortgage Loan and (B) no single Cure Event may exceed four (4) consecutive months. For the avoidance of doubt,
it is intended that if a single Event of Default is cured for four consecutive months, that same Event of Default may not be cured
in the succeeding (fifth) month, a B Note Holder would be permitted to cure a different Event of Default in such succeeding (fifth)
month. As used herein, “Cure Event” means a Note B Holder’s exercise of cure rights, whether for one
(1) month or for consecutive months in the aggregate (and, in such case, such cure for such consecutive months shall constitute
one (1) Cure Event). Cure Events in addition to the number of Cure Events permitted under this Section 11(b) shall only
be permitted with the consent of the Lead Securitization Note Holder (or the Servicer on its behalf) or, at any time that the
Mortgage Loan is included in the Lead Securitization, the Special Servicer.

 

12.          Certain Servicing
Matters.

 

(a)          Books and
Records. Prior to the Lead Securitization Date, in connection with any inspection of the Mortgaged Property or the books and
other financial records of the Mortgage Loan Borrower by the Lead Securitization Note Holder (or the Servicer on its behalf) pursuant
to the terms of the Mortgage Loan Documents, the Lead Securitization Note Holder (or the Servicer on its behalf) shall, upon written
request of the Directing Holder (if any) request that the Mortgage Loan Borrower to reasonably cooperate to provide the Directing
Holder (if any) access for its own inspection of such Mortgaged Property or the books and other financial records. In addition,
in response to the written request of the Directing Holder (if any), the Lead Securitization Note Holder (or the Servicer on its
behalf) shall request that the officers of the Mortgage Loan Borrower and the accountants and other representatives of the Mortgage
Loan Borrower arrange a meeting (either telephonic or in person) to discuss the business, financial and other condition of the
Mortgage Loan Borrower, and all reasonable out-of-pocket costs incurred by the Lead Securitization Note Holder (or the Servicer
on its behalf) shall be paid by the Controlling Holder. From and after the Lead Securitization Date, this Section 12(a) shall no
longer apply.

 

(b)          Monthly Servicing
Report. Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver copies to
each of the Holders a report containing the following information:

 

(i)           For
each of the Holders, (x) the amount of the distribution from the Collection Account allocable to principal (y) separately identifying
the amount of scheduled principal payments, Balloon Payments, Prepayments made at the option of the Mortgage Loan Borrower or other
Prepayments (specifying the reason therefor) and

 

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Liquidation
Proceeds included therein and information on distributions made with respect to each of the Notes and (z) the amounts deposited
and on reserve in each of the escrow and reserve funds accounts held by Servicer;

 

(ii)          For
each of the Holders, the amount of the distribution from the Collection Account allocable to interest and the amount of Prepayment
Charges and default interest paid under the Mortgage Loan Documents;

 

(iii)         If
the distribution to the Holders is less than the full amount that would be distributable to such Holders if there had been sufficient
amounts available therefor, the amount of the shortfall and the allocation thereof between interest and principal and the amount
of the shortfall, if any, under the Mortgage Loan;

 

(iv)         The
principal balance and the Realized Losses relating to each of the Notes, after giving effect to the distribution of principal on
such Remittance Date;

 

(v)          The
amount of the servicing fees paid to the Servicer and the Special Servicer with respect to such Remittance Date, showing separately
the Servicing Fee, the Special Servicing Fee, any Workout Fee and any Liquidation Fee, and the amount of any fees payable to the
paying agent; and

 

(vi)         Information
regarding disputes affecting the Mortgage Loan Borrower and the Mortgaged Property and such other information as any Holder may
reasonably request, to the extent reasonably available to the Trustee, the Servicer or the related Special Servicer, such costs,
to the extent not included in the regular fees and charges of the Servicer, shall be reimbursed by the requesting party.

 

From and after the Lead
Securitization Date, the Servicer shall only deliver such reports to the Holders as provided in the Lead Securitization Servicing
Agreement; provided, however, so long as the Mortgage Loan is being serviced pursuant to the Interim Servicing agreement,
this Section shall not be applicable and the Servicer shall provide the reports as set forth in the Interim Servicing Agreement.

 

(c)          Financial
Statements Etc. The Lead Securitization Note Holder (or the Servicer on its behalf) shall promptly provide the other Holders
with copies of each financial statement and other statements and reports delivered to the Lead Securitization Note Holder (or the
Servicer on its behalf) pursuant to the terms of the Mortgage Loan Documents. Subject to the terms of the applicable Mortgage Loan
Documents, upon the reasonable request of such other Holder, the Lead Securitization Note Holder (or the Servicer on its behalf)
shall also promptly deliver to such other Holder, copies of any other documents relating to the Mortgage Loan, including, without
limitation, property inspection reports and loan servicing statements.

 

(d)          Copies.
Any copies to be furnished by the Servicer under this Agreement may be furnished by hard copy or electronic means.

 

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13.          Representations
and Warranties of Each Initial Note Holder. Each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial B-1
Holder and the Initial Note B-2 Holder, as of the date hereof, hereby represents and warrants and covenants that:

 

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

 

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

 

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

 

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

 

(v)          Immediately
prior to the execution and delivery of this Agreement, it was the sole legal owner and Holder of its related Note, free and clear
of any lien, pledge, hypothecation, encumbrance or other adverse interest in the Mortgage Loan, and it has the right to enter into
this Agreement without the consent of any third party.

 

(vi)         It
is not in violation of, and its execution and delivery of this Agreement and its performance of, and compliance with, the terms
of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation
or demand of any federal, state or local government or regulatory authority, which violation, in its good faith and reasonable
judgment, is likely to affect materially and adversely either its ability to perform its obligations under this Agreement or its
financial condition.

 

(vii)        No
litigation is pending with regard to which it has received service of process or, to the best of its knowledge, has been threatened
against it, the outcome of which, in its good faith and reasonable judgment is likely to materially and adversely affect the ability
to perform its obligations under this Agreement.

 

(viii)       It
has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation
in connection with the transactions contemplated hereby.

 

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(ix)         No
consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or court is
required, under federal or state law (including, with respect to any bulk sale laws), for its execution, delivery and performance
of or compliance with this Agreement or its consummation of any transaction contemplated hereby, other than (i) such consents,
approvals, authorizations, qualifications, registrations, filings or notices as have been obtained or made and (ii) where
the lack of such consent, approval, authorization, qualification, registration, filing or notice would not have a material adverse
effect on its performance under this Agreement.

 

14.          Intentionally
Omitted.

 

15.          Independent
Analyses of the Initial Note B Holder. Subject to the provisions of Section 13, each Initial Note B Holder acknowledges
that it has, independently and without reliance upon any Initial Note A Holder and based on such documents and information as such
Holder has deemed appropriate, made such Holder’s own credit analysis and decision to originate its related Note B. Except
as expressly provided in this Agreement, each Initial Note B Holder hereby acknowledges that the other Holders have not made any
representations or warranties with respect to the Mortgage Loan, and that the other Holders shall have no responsibility for (i)
the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents
or the title insurance policy or policies or any survey furnished or to be furnished to each Initial Note A Holder in connection
with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created
by the Mortgage Loan Documents or (iv) the financial condition of the Mortgage Loan Borrower. Each Initial Note B Holder assumes
all risk of loss in connection its related Note B, for reasons other than the gross negligence, willful misconduct or breach of
this Agreement by the Initial Note A Holders or the gross negligence, willful misconduct or bad faith by any Servicer.

 

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

 

17.          Not a Security.
None of the Notes included in the definitions of Note A-1, Note A-2, Note B-1 or Note B-2 shall be deemed to be a security within
the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

 

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18.          Transfer of
Notes. (a) Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber
or otherwise dispose of all or any portion of its respective Note (a “Transfer”) except to a Qualified Institutional
Lender. Promptly after any Transfer, non-transferring Note Holders shall be provided with (x) a representation from the related
transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the case
of a Transfer in accordance with the immediately following sentence) and (y) a copy of the assignment and assumption agreement
referred to in Section 14. If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that
is not a Qualified Institutional Lender, it must first (a) obtain the consent of each non-transferring Note Holder and (b) if any
such non-transferring Note Holder’s Note is held in a Securitization Trust, provide each of the applicable engaged Rating
Agencies for such Securitization Trust with a Rating Agency Confirmation. Notwithstanding the foregoing, without each non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if any non-transferring Note Holder’s Note
is held in a Securitization Trust, until a Rating Agency Confirmation is provided to each engaged Rating Agency for such Securitization
Trust, no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such Note) to the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and void and shall vest
no rights in the purported transferee. The transferring Note Holder agrees that it shall pay the expenses of any non-transferring
Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and all expenses relating to
any Rating Agency Confirmation in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have
the right, without the need to obtain the consent of any other Note Holder or of any other Person or having to provide any Rating
Agency Confirmation, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note to an entity that is not the
Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party. None of the provisions of this Section 18(a) shall apply in the
case of (1) a sale of the Lead Securitization Notes together with all of the Non-Lead Securitization Notes, in accordance with
the terms and conditions of the Lead Securitization Servicing Agreement, (2) a transfer by the Special Servicer, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon
the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest
in which is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships,
by the Lead Securitization Trust., or (3) the Transfer of any securities issued by a Securitization Trust.

 

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

 

(c)          Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate

 

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thereof)
which has extended a credit facility to such Note Holder and that is either a Qualified Institutional Lender or a financial institution
whose long-term unsecured debt is rated at least “A” (or the equivalent) or better by each applicable Rating Agency
(or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from any two of Fitch, Moody’s and S&P)
(a “Note Pledgee”), on terms and conditions set forth in this Section 18(c), it being further agreed that a
financing provided by a Note Pledgee to a Note Holder or any person which Controls such Note that is secured by its Note and is
structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which
is not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency Confirmation. Upon written
notice by the applicable Note Holder to each other Note Holder and any Servicer that a Pledge has been effected (including the
name and address of the applicable Note Pledgee), each other Note Holder agrees to acknowledge receipt of such notice and thereafter
agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in respect of its obligations under
this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days
to cure a default by the pledging Note Holder in respect of its obligations to each other Note Holder hereunder, but such Note
Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination of this
Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent shall not
be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holder shall give to such Note Pledgee copies of any
notice of default under this Agreement simultaneously with the giving of same to the pledging Note Holder; (v) that such other
Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that
any such certificate(s) shall be in a form reasonably satisfactory to such other Note Holder; and (vi) that, upon written notice
(a “Redirection Notice”) to each other Note Holder and any Servicer by such Note Pledgee that the pledging
Note Holder is in default, beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note
Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and such Note Pledgee (which notice need
not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such
Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated
to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement.
Any pledging Note Holder hereby unconditionally and absolutely releases each other Note Holder and any Servicer from any liability
to the pledging Note Holder on account of such other Note Holder’s or Servicer’s compliance with any Redirection Notice
believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to
exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee (and accept an assignment in lieu
of foreclosure as to such collateral), in accordance with applicable law and this Agreement. In such event, the Note Holders and
any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof
which is also a Qualified Institutional Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in
lieu of foreclosure), and its successor and assigns, as the successor to the pledging Note Holder’s rights, remedies and
obligations under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations
of the pledging Note Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such

 

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Note
Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section
18(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any
such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

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

 

19.          Other Business
Activities of the Holders. Each of the Holders acknowledges that the other Holders may make loans or otherwise extend credit
to, and generally engage in any kind of business with, any Affiliate of the Mortgage Loan Borrower (“Mortgage Loan Borrower
Related Parties”), and receive payments on such other loans or extensions of credit to the Mortgage Loan Borrower Related
Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the
transactions contemplated hereby were not in effect. Notwithstanding the foregoing, no Holder, as lender, shall exercise or be
permitted to exercise the New Mezzanine Loan Option (as defined in the Loan Agreement).

 

20.          Exercise of
Remedies by the Servicer.

 

(a)          Each of the Holders
acknowledges that, subject to the terms of this Agreement (including without limitation, the Controlling Holder’s rights
under Section 21

 

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hereof)
and the Servicing Agreement, (i) the Lead Securitization Note Holder (or any Servicer or Trustee (if any) on its behalf) may exercise
or refrain from exercising any rights that such Lead Securitization Note Holder (or such Servicer or Trustee (if any)) may have
hereunder or under the Servicing Agreement in a manner that may be adverse to the interests of the other Holders, so long as such
actions are in accordance with Accepted Servicing Practices and the other terms of this Agreement, (ii) the Lead Securitization
Note Holder shall have no liability whatsoever to the other Holders as a result of such Lead Securitization Note Holder’s
(or any Servicer’s or Trustee’s) exercise of such rights or any omission by such Lead Securitization Note Holder (or
any Servicer or Trustee) to exercise such rights, except as expressly provided herein or for acts or omissions that are taken
or omitted to be taken by such Lead Securitization Note Holder that constitute the gross negligence or willful misconduct of such
Lead Securitization Note Holder or a breach of this Agreement, and (iii) the Servicer and the Special Servicer shall (and shall
be required under the Servicing Agreement to) service and administer the Mortgage Loan on behalf of each Note A Holder and each
Note B Holder (as a collective whole) in accordance with Accepted Servicing Practices, taking into account the interests of each
Note A Holder and each Note B Holder; but in all cases giving due consideration to the fact that Note B is subject and subordinate
to each Note A in accordance with the terms of this Agreement. Each Note A Holder and each Note B Holder agree that the Servicer,
to the extent consistent with the terms of this Agreement (including, without limitation, Section 21) and from and
after the Lead Securitization Date subject to and in accordance with the Servicing Agreement, shall have the sole and exclusive
authority (in each case, subject to the Accepted Servicing Practices and the terms and conditions set forth in this Agreement,
and the rights of any Controlling Holder) with respect to the administration of, and exercise of rights and remedies with respect
to, the Mortgage Loan, including, without limitation, the sole and exclusive authority (i) to modify or waive any of the terms
of the Mortgage Loan Documents, (ii) to consent to any action or failure to act by the Mortgage Loan Borrower or any party to
the Mortgage Loan Documents, (iii) to vote all claims with respect to the Mortgage Loan in any bankruptcy, insolvency or other
similar proceedings and (iv) to take legal action to enforce or protect the Holders’ interests with respect to the Mortgage
Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right at any time to
call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute any foreclosure
action and in all cases acting in accordance with Accepted Servicing Practices and the terms of this Agreement and the Servicing
Agreement, and except as otherwise expressly provided in this Agreement and the Servicing Agreement, the other Holders shall have
no voting, consent or other rights whatsoever with respect to the Lead Securitization Note Holder’s or Servicer’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Each Holder agrees that it shall
have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Securitization Note Holder and the Servicer
and the Special Servicer the rights, if any, that such Holder has (i) to declare or cause the Lead Securitization Note Holder
or the Servicer to declare an Event of Default under the Mortgage Loan (ii) to exercise any remedies with respect to the Mortgage
Loan, including, without limitation, filing or causing the Lead Securitization Note Holder or the Servicer to file any bankruptcy
petition against the Mortgage Loan Borrower or (iii) to vote any claims with respect to the Mortgage Loan in any bankruptcy,
insolvency or similar type of proceeding of the Mortgage Loan Borrower. Each Holder shall, from time to time, execute such documents
as the Lead Securitization Note Holder, the Servicer or the Special Servicer shall reasonably request to evidence such assignment
with

 

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respect to the rights described in clause (iii) of the preceding sentence. Except when acting in the capacity of trustee
or paying agent, the Lead Securitization Note Holder (or the Servicer or the Special Servicer acting on behalf of such Lead Securitization
Note Holder) shall not have any fiduciary duty to the other Holders in connection with the administration of the Mortgage Loan
but shall in all events be obligated to act in accordance with Accepted Servicing Practices. Each Holder expressly and irrevocably
waives for itself and any Person claiming through or under such Holder any and all rights that it may have under Section 1315
of the New York Real Property Actions and Proceedings Law or the provisions of any similar law that purports to give a junior
noteholder, mortgagee or loan participant the right to initiate any loan enforcement or foreclosure proceedings.

 

(b)          Notwithstanding
anything to the contrary contained herein, the exercise by the Lead Securitization Note Holder (or any Servicer or the Trustee
(if any) acting on its behalf) of its rights under this Section 20 shall be subject in all respects to any sections of
the Servicing Agreement governing REMIC administration, and in no event shall the Lead Securitization Note Holder (or any Servicer
or the Trustee (if any) acting on its behalf) be permitted to take any action or refrain from taking any action which would violate
the laws of any applicable jurisdiction, breach the Mortgage Loan Documents, violate Accepted Servicing Practices or violate any
other provisions of the Servicing Agreement or cause the arrangement evidenced hereby not to be treated as a “grantor trust”
for Federal income tax purposes. The Lead Securitization Note Holder (or any Servicer or the Trustee (if any) acting on its behalf)
shall exercise such rights and powers described in this Section 20 on the understanding that the Lead Securitization
Note Holder (or any Servicer or the Trustee (if any) acting on its behalf) shall administer the Mortgage Loan in a manner consistent
with the Servicing Agreement and this Agreement, provided that neither the Lead Securitization Note Holder nor any Servicer
or the Trustee (if any) acting on its behalf shall be liable to the other Holders with respect to anything the Lead Securitization
Note Holder or such Servicer or the Trustee (if any) may do or omit to do in relation to the Mortgage Loan, other than as expressly
set forth in this Agreement. Without limiting the generality of the foregoing, the Lead Securitization Note Holder and any Servicer
or the Trustee (if any) acting on its behalf may rely on the advice of legal counsel, accountants and other experts (including
those retained by the Mortgage Loan Borrower) and upon any written communication or telephone conversation which the Lead Securitization
Note Holder or such Servicer or the Trustee (if any) believes to be genuine and correct or to have been signed, sent or made by
the proper Person.

 

(c)          If title to the
Mortgaged Property is acquired for the benefit of the Holders in foreclosure, by deed-in-lieu of foreclosure or upon abandonment
or reclamation from bankruptcy, the deed or certificate of sale shall be taken in the name of the Lead Securitization Note Holder
or its nominee (which shall not include any Servicer) on behalf of the Holders. The Servicer, on behalf of the Holders, shall dispose
of any REO Property utilizing reasonable best efforts, consistent with Accepted Servicing Practices, to maximize the proceeds of
such disposal to the Holders (as a collective whole) if and when such Servicer determines, consistent with Accepted Servicing Practices,
that such disposal would be in the best economic interest of the Holders (as a collective whole). The Servicer shall (and shall
be required under the Servicing Agreement to) manage, conserve, protect and operate each REO Property for the Holders solely

 

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for
the purpose of its prompt disposition and sale in accordance with Accepted Servicing Practices.

 

(d)          The Servicer shall
have full power and authority, subject only to the specific requirements and prohibitions of this Agreement (including the rights
of the Controlling Holder) to do any and all things in connection with any REO Property as are consistent with Accepted Servicing
Practices and the terms of this Agreement, all on such terms and for such period as such Servicer deems to be in the best interests
of Holders (as a collective whole) and, in connection therewith, such Servicer shall only agree to the payment of management fees
that are consistent with general market standards or to terms that are more favorable to the Holders. The Servicer shall (and shall
be required under the Servicing Agreement to) segregate and hold all revenues received by it with respect to any REO Property separate
and apart from its own funds and general assets and shall establish and maintain with respect to any REO Property a segregated
custodial account (each, an “REO Account”). The Servicer shall (and shall be required under the Servicing Agreement
to) deposit or cause to be deposited in the REO Account within one Business Day after receipt all revenues received by it with
respect to any REO Property (other than Liquidation Proceeds, which shall be remitted to the Collection Account), and shall withdraw
therefrom funds necessary for the proper operation, management and maintenance of such REO Property and for other Costs with respect
to such REO Property, including:

 

(i)           all
insurance premiums due and payable in respect of any REO Property;

 

(ii)          all
real estate taxes and assessments in respect of any REO Property that may result in the imposition of a lien thereon;

 

(iii)         all
ground rents in respect of any REO Property;

 

(iv)         all
costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property; and

 

(v)          to
the extent that such REO Proceeds are insufficient for the purposes set forth in clauses (i) through (iv) above and the Servicer
has provided written notice of such shortfall to the Holders of the necessity to take actions pursuant to this subsection (d),
any expenditure associated with such actions taken by the Servicer shall be payable by the Holders at their option pursuant to
Section 9.

 

(e)          The Servicer shall
contract with an independent contractor, the fees and expenses of which shall be an expense of the Holders and payable out of REO
Proceeds, for the operation and management of any REO Property, within forty-five (45) days after the Holders’ acquisition
thereof (unless the Holders approve otherwise), provided that:

 

(i)           the
terms and conditions of any such contract shall be reasonable and consistent with the terms of this Agreement and customary for
the area and type of property and shall not be inconsistent herewith;

 

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(ii)          any
such contract shall require, or shall be administered to require, that the independent contractor pay all costs and expenses incurred
in connection with the operation and management of such REO Property, including those listed above, and remit all related revenues
(net of such costs and expenses) to the Servicer as soon as practicable, but in no event later than thirty (30) days following
the receipt thereof by such independent contractor;

 

(iii)         none
of the provisions of this subsection (e) relating to any such contract or to actions taken through any such independent contractor
shall be deemed to relieve the Servicer of any of its duties and obligations to the Holders or the Lead Securitization Note Holder
on behalf of the Holders with respect to the operation and management of any such REO Property; and

 

(iv)         the
Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and obligations in
connection with the operation and management of such REO Property.

 

(f)           The Servicer shall
be entitled to enter into any agreement with any independent contractor performing services for it related to its duties and obligations
hereunder for indemnification of such Servicer by such independent contractor, and nothing in this Agreement shall be deemed to
limit or modify such indemnification. When and as necessary, the Servicer shall send to the Holders a statement prepared by the
Servicer setting forth the amount of net income or net loss, as determined for federal income tax purposes, resulting from the
operation and management of a trade or business on, the furnishing or rendering of a non-customary service to the tenants of, or
the receipt of any other amount not constituting rents in respect of, any REO Property.

 

(g)          With respect to
the Specially Serviced Mortgage Loan or REO Property, which the Servicer has determined to sell in accordance with Accepted Servicing
Practices, the Servicer shall deliver to the Holders an officers’ certificate to the effect that, the Servicer has determined
to sell the Specially Serviced Mortgage Loan or REO Property in accordance with this subsection (g). The Servicer may
then offer to sell to any Person the Specially Serviced Mortgage Loan which is in default or the REO Property (and shall on a monthly
basis advise the Holders in writing of the status of the Specially Serviced Mortgage Loan or REO Property) or, subject to the following
sentence, purchase the Specially Serviced Mortgage Loan or REO Property (in each case at the Defaulted Mortgage Loan Purchase Price),
but shall, in any event, so offer to sell the REO Property no later than the time determined by the Servicer to be sufficient to
result in the sale of the REO Property within the period specified in the REMIC Provisions. The Servicer shall deliver such officers’
certificate and give the Holders not less than ten (10) Business Days’ prior written notice of its intention to sell the
Specially Serviced Mortgage Loan or REO Property, in which case the Servicer shall accept the highest offer received from any Person
for the Specially Serviced Mortgage Loan or the REO Property in an amount at least equal to the Defaulted Mortgage Loan Purchase
Price or, at its option, if it has received no offer at least equal to the Defaulted Mortgage Loan Purchase Price therefor, purchase
the Specially Serviced Mortgage Loan or REO Property at the Defaulted Mortgage Loan Purchase Price.

 

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(h)          In the absence
of any such offer at the Defaulted Mortgage Loan Purchase Price, or purchase by the Servicer at the Defaulted Mortgage Loan Purchase
Price, such Servicer shall accept the highest offer received from any Person that is determined by such Servicer to be a fair price
for the Specially Serviced Mortgage Loan or REO Property; provided, that the Lead Securitization Note Holder (or the Servicer,
if the Servicer or any Affiliate of the Servicer is not an offeror) shall be entitled to engage, at the expense of the Holders,
an Appraiser to determine whether the highest offer is a fair price. Notwithstanding anything to the contrary herein, neither the
Mortgage Loan Borrower nor any Mortgage Loan Borrower Related Party may make an offer or purchase the Specially Serviced Mortgage
Loan or the REO Property pursuant hereto.

 

(i)           The Servicer shall
not be obligated by either of the foregoing paragraphs or otherwise to accept the highest offer if the Servicer determines, in
accordance with Accepted Servicing Practices, that rejection of such offer would be in the best interests of the Holders as a collective
whole. In addition, the Servicer may accept a lower offer if it determines, in accordance with Accepted Servicing Practices, that
acceptance of such offer would be in the best interests of the Holders as a collective whole (for example, if the prospective buyer
making the lower offer is more likely to perform its obligations, or the terms offered by the prospective buyer making the lower
offer are more favorable), provided that the offeror is not the Servicer or an Affiliate of the Servicer. The Servicer shall in
no event sell the Specially Serviced Mortgage Loan or the REO Property other than for cash.

 

(j)           Subject to the
other provisions of this Section 20, the Servicer shall act on behalf of the Holders in negotiating and taking other
action necessary or appropriate in connection with the sale of the Specially Serviced Mortgage Loan or REO Property, including
the collection of all amounts payable in connection therewith. Any sale of the Specially Serviced Mortgage Loan or REO Property
shall be without recourse to, or representation or warranty by, any Servicer or any Holder, and, if such sale is consummated in
accordance with the duties of the Servicer pursuant to the terms of this Agreement, no such Person who so performed shall have
any liability to any Holders with respect to the purchase price therefor accepted by the Servicer.

 

(k)          The proceeds of
any sale of the Specially Serviced Mortgage Loan or REO Property after deduction of the direct out-of-pocket expenses of such sale
incurred in connection therewith shall be promptly, and in any event within one (1) Business Day (or, if received after 3:00 p.m.,
two (2) Business Days) following receipt of properly identified funds, deposited in the Collection Account. Within thirty (30)
days after the sale of the REO Property, the Servicer shall provide to the Holders a statement of accounting for the REO Property,
including without limitation, (i) the date of disposition of the REO Property, (ii) the gross sales price, the selling and other
expenses and the net sales price, (iii) accrued interest on the Note A Principal Balance at the applicable Note A Interest Rate,
and on the Note B Principal Balance at the applicable Note B Interest Rate calculated from the date of acquisition to the disposition
date, and (iv) such other information as the Holders may reasonably request. The Servicer shall file information returns regarding
the abandonment or foreclosure of Mortgaged Property with the Internal Revenue Service at the time and in the manner required by
the Code.

 

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(l)           The provisions
of subsections (c) through (k) of this Section 20 shall be of no further force and effect from and after the Lead Securitization
Date, and the analogous provisions of the Lead Securitization Servicing Agreement shall control.

 

21.          Certain Powers
of the Controlling Holder.

 

This Section 21 shall
apply during the term of this Agreement; provided that from and after the Lead Securitization Date, (y) Section 21(c) and
(d) shall be of no further force and effect and the analogous provisions of the Lead Securitization Servicing Agreement
shall control, and (z) Section 21(i), (j) and (k) shall be of no further force and effect.

 

The following
provisions shall apply during the term of this Agreement:

 

(a)          The Controlling
Holder shall be entitled to appoint (or act as) a “directing lender” (the “Directing Holder”) with
respect to the Mortgage Loan and to exercise the rights and powers granted to the Directing Holder and the Controlling Holder hereunder
and under the Servicing Agreement (such designation to be made by written notice to the Lead Securitization Note Holder (or the
Servicer on its behalf)); provided, that if the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party owns any portion
of Note B, the ownership interests of such Person shall be deemed to equal zero for the purposes of determining which owners can
vote to elect the Directing Holder, and provided, further, that in no event may the Mortgage Loan Borrower or any Mortgage Loan
Borrower Related Party serve as the Directing Holder. Subject to the Lead Securitization Servicing Agreement, such designation
shall remain in effect until it is revoked by the Controlling Holder by a writing delivered to each of the other parties hereto.

 

(b)          Notwithstanding
anything to the contrary contained herein (but subject to Section 21(d)), the Lead Securitization Note Holder (or the Servicer
on its behalf) shall, prior to taking any Major Decision, be required to notify in writing the Directing Holder of any proposal
to take any of such actions (and to provide the Directing Holder with such information requested by such Directing Holder as may
be necessary in the reasonable judgment of such Directing Holder in order to make a judgment) and to receive the written approval
of the Directing Holder (which approval may be withheld in its sole discretion);

 

(c)          If the Directing
Holder fails to notify the Lead Securitization Note Holder (or the Servicer on its behalf) of its approval or disapproval of any
such Major Decision within ten (10) Business Days after delivery to the Directing Holder by the Lead Securitization Note Holder
(or the Servicer on its behalf) of written notice (“Action Notice”) of such a Major Decision (which notice shall
contain a legend, in capitalized, bold-faced type containing the following statement as the top of the first page: “THIS
IS A REQUEST FOR MAJOR DECISION APPROVAL. IF THE DIRECTING HOLDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED MAJOR ACTION WITHIN
TEN (10) BUSINESS DAYS, SUCH MAJOR DECISION WILL BE DEEMED APPROVED BY THE DIRECTING HOLDER”) together with any information
requested by the Directing Holder pursuant to Section 21(b) or this Section 21(c), then if the Directing Holder fails to approve
or reject the Major Decision within such ten (10) Business Day period, the Directing Holder’s approval will be deemed to
have been given for such Major Decision (provided, that if the Directing Holder has

 

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failed
to notify the Lead Securitization Note Holder (or the Servicer on its behalf) of its approval or disapproval of any such Major
Decision within five (5) Business Days following the delivery of the related Action Notice together with any information requested
by the Directing Holder pursuant to Section 21(b) or this Section 21(c), the Lead Securitization Note Holder (or the Servicer
on its behalf) will be required to promptly provide to the Directing Holder a second Action Notice bearing the same legend as
the first Action Notice). Notwithstanding the foregoing, any amounts funded by any Holder under the Mortgage Loan Documents as
a result of (1) the making of any protective Advances or (2) interest accruals or accretions and any compounding thereof (including
default interest) with respect to the Notes shall not at any time be deemed to require prior notice to the Directing Holder (except
as otherwise expressly required by this Agreement) or otherwise contravene this subsection. To the extent the Mortgage Loan Borrower
requests or the Servicer or Special Servicer structures, as part of a workout or otherwise, an extension of the Mortgage Loan
for two or more years beyond the Maturity Date, the Servicer or Special Servicer, as applicable, shall obtain the prior written
consent of the Lead Securitization Note Holder (in the same manner as the Directing Holder) in addition to the consent of the
Directing Holder. The provisions of this Section 21(c) shall be of no further force and effect from and after the Lead Securitization
Date, and the analogous provisions of the Servicing Agreement shall control.

 

(d)          With respect to
any proposed action requiring consultation with or approval of the Directing Holder pursuant to Section 21(b), the Lead Securitization
Note Holder (or the Servicer on its behalf) shall prepare a summary of such proposed action and an analysis of whether or not such
action is reasonably likely to produce a greater recovery on a present value basis than not taking such action, setting forth the
basis on which the Lead Securitization Note Holder (or the Servicer on its behalf) made such determination, and shall promptly
provide to each Holder copies of such summary and any other material documents and items reasonably necessary to make such determination
by hard copy or electronic means on a timely basis. If any such proposed action is disapproved by the Directing Holder, the Servicer
shall propose an alternate action (based on any counter-proposals received from the Directing Holder, to the extent such counter-proposal
is consistent with Section 21(d) or, if no such counter-proposal is received by the Servicer when the disapproval of the Directing
Holder is delivered to the Servicer, then based on any alternate course of action that the Lead Securitization Note Holder (or
the Servicer on its behalf) may deem appropriate) until the approval of the Directing Holder is obtained; provided that if the
Servicer and Directing Holder do not agree on a proposed course of action within sixty (60) days after the date on which the Servicer
first proposed a course of action and the counter-proposals received from the Directing Holder would, in the judgment of the Special
Servicer, be permitted to be ignored by the Special Servicer in accordance with clause (d) below), then after giving due consideration
(subject to Section 21(d) hereof) to the alternatives and counterproposals, if any, provided by the Directing Holder the Lead
Securitization Note Holder (or the Servicer on its behalf) shall take such action as it deems appropriate in accordance with Accepted
Servicing Practices. Notwithstanding the foregoing, if in accordance with Accepted Servicing Practices, (i) the Lead Securitization
Note Holder (or the Servicer on its behalf) determines that emergency action is necessary to protect the Mortgaged Property or
the interests of the Holders (as a collective whole) at a time earlier than the time that such Servicer would otherwise be entitled
to take such action pursuant to this Section 21(d) or otherwise under this Agreement and (ii) such action requires consultation
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the
Directing Holder, then it shall contact the Directing Holder (by telephone, email or fax) promptly and shall discuss (unless the
Directing Holder and the Lead Securitization Note Holder, as applicable, shall fail to respond in a reasonable time frame under
the circumstances) the proposed action with such Directing Holder and the Lead Securitization Note Holder, as applicable, and,
if the consent of the Directing Holder would ordinarily be required, attempt to reach agreement within the revised time frame
prior to taking the proposed action, but shall be entitled to take the necessary emergency action within the necessary time frame
regardless of whether it has been able to contact or obtained the agreement of the Directing Holder and the Lead Securitization
Note Holder. If such emergency action is taken, the Lead Securitization Note Holder (or the Servicer on its behalf) will promptly
notify the Directing Holder of the action so taken, the Servicer’s reasons for determining that immediate action was necessary
and how the action differs from the proposed actions, if any, that had theretofore been approved by the Directing Holder. The
provisions of this Section 21(d) shall be of no further force and effect from and after the Lead Securitization Date, and the
analogous provisions of the Servicing Agreement shall control.

 

(e)          Notwithstanding
anything herein to the contrary, no advice, direction or objection from or by the Directing Holder, as contemplated by this Section 21,
or no advice, direction or objection, if any, from or by any Non-Controlling Holder, may (and the related Holder (or the Servicer
on its behalf) shall ignore and act without regard to any such advice, direction or objection that such Holder (or Servicer on
its behalf) has determined, in its reasonable, good faith judgment, would): (A) require or cause such Holder (or the Servicer on
its behalf) to violate applicable law, the terms of the Mortgage Loan Documents or any section of this Agreement or any Servicing
Agreement, including such Servicer’s obligation to act in accordance with Accepted Servicing Practices, (B) result in the
imposition of federal income tax on any Securitization Trust, cause any REMIC to fail to qualify as a REMIC, (C) expose any Securitization
Trust, any certificateholder of any related Securitization, the Depositor or the depositor of any Non-Lead Securitization, the
Holders, the Servicer, the Trustee or the trustee of any Non-Lead Securitization, the Certificate Administrator or any certificate
administrator of any Non-Lead Securitization, the operating advisor of any Non-Lead Securitization or their respective Affiliates,
members, managers, officers, directors, employees or agents, to any material claim, suit or liability or (D) materially expand
the scope of the Servicer’s responsibilities under this Agreement or the related Servicing Agreement.

 

(f)           No Controlling
Holder or Directing Holder shall owe any fiduciary duty to the trustee, any servicer, any special servicer, any certificateholder
in any Securitization or the other Holders. No Controlling Holder or Directing Holder shall have any liability to any of the trustee,
any servicer, any special servicer, any certificateholder in any Securitization or the other Holders for any action taken, or for
refraining from the taking of any action or the giving of any consent. Each Holder (by acceptance of its Note) acknowledges and
agrees that (i) the Controlling Holder and the Directing Holder may each have relationships and interests that conflict with
those of certificateholders in any Securitization and/or the other Holders; (ii) the Controlling Holder and the Directing
Holder may act solely in their respective interests; (iii) the Controlling Holder and the Directing Holder do not have any
duties to any Securitization Trust, the certificateholders in any Securitization or the other Holders; (iv) each of the Controlling
Holder and the Directing Holder may take actions that favor interests of itself over the interests

 

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of
the certificateholders in any Securitization and/or the other Holders; (v) neither the Controlling Holder nor the Directing
Holder will have any liability whatsoever to any Securitization Trust, any party to the Lead Securitization Servicing Agreement,
any party to any Non-Lead Securitization Servicing Agreement, the certificateholders in any Securitization or the other Holders
or any other person (including the Borrowers) for having acted in accordance with or as permitted under the terms of the Lead
Securitization Servicing Agreement and this paragraph; and (vi) the certificateholders in any Securitization or the other
Holders may not take any action whatsoever against the Controlling Holder or the Directing Holder or any of the respective affiliates,
directors, officers, shareholders, members, partners, agents or principals thereof as a result of the Controlling Holder or the
Directing Holder having acted in accordance with the terms of and as permitted under the Lead Securitization Servicing Agreement
and this paragraph.

 

(g)          The Controlling
Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting
with respect to the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any such replacement Special Servicer
shall be a Qualified Servicer in accordance with this Section 21(g). The Controlling Holder shall designate a Person to serve as
Special Servicer by delivering to the Non-Controlling Holders, the Servicer and the then existing Special Servicer a written notice
stating such designation and by satisfying the other conditions required under the Servicing Agreement (including a Rating Agency
Confirmation, if required by the terms of the Servicing Agreement), and by delivering to Holder that is a Non-Lead Securitization
a Rating Agency Confirmation with respect to any rated securities issued in such Non-Lead Securitization. The Controlling Holder
shall promptly pay any expenses incurred by the Lead Securitization Note Holder (or the Servicer on its behalf) in connection with
such replacement. The Controlling Holder shall notify the other parties hereto of its termination of the then currently serving
Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 21(g). The fees payable
to any replacement Special Servicer contemplated in this Section 21(g) at any time, from and after the Lead Securitization,
when the Lead Securitization Servicing Agreement is no longer in effect, shall be at then market rates for such services. Upon
the occurrence of the Lead Securitization governing the servicing of the Mortgage Loan, the initial Special Servicer designated
in the applicable Lead Securitization Servicing Agreement shall serve as the initial Special Servicer. If a Servicer Termination
Event on the part of the Special Servicer has occurred that affects the Non-Controlling Holder, the Non-Controlling Holder shall
have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization, the Controlling
Holder) to terminate the Special Servicer under the applicable Servicing Agreement solely with respect to the Mortgage Loan pursuant
to and in accordance with the terms of the Servicing Agreement. The Controlling Holder and the Non-Controlling Holder acknowledge
and agree that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that
was terminated for cause at the Non-Controlling Holder’s direction cannot at any time be the person (or an Affiliate thereof)
that was so terminated without the prior written consent of the Non-Controlling Holder. From and after the Lead Securitization
Date, the termination and replacement of the Special Servicer shall be governed by the Lead Securitization Servicing Agreement.

 

(h)          [Reserved.]

 

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(i)           Notwithstanding
the foregoing, within ten (10) Business Days after receipt by the Note B-1 Holder or the Note B-2 Holder of notice indicating that
such Note B Holder is no longer the Controlling Holder, such Note B Holder may, at its option, post with the Lead Securitization
Note Holder (or, if a Securitization has occurred, with the applicable Master Servicer, Special Servicer, or Trustee) (a) cash
collateral for the benefit of, and reasonably acceptable to the Lead Securitization Note Holder, the Servicer or the Special Servicer,
as the case may be, or (b) a Letter of Credit (in each case, if there has been a Securitization, together with documentation
reasonably acceptable to the Lead Securitization Note Holder, the Servicer or the Special Servicer to create and perfect a first
priority security interest in favor of the Securitization in such collateral) (to be held by Lead Securitization Note Holder in
a segregated securities account solely and exclusively in the name of each Note A Holder, meeting the Rating Agency criteria for
an “eligible account” on behalf of each Note A Holder) in an amount which, when added to and for this purpose considered
a part of the appraised value of the Mortgaged Property, will cause the related Note B Holder to remain the Controlling Holder
(such cash or Letter of Credit, “Reserve Collateral”). The applicable Note B Holder may make such election upon written
notice to the Lead Securitization Note Holder of its intention to post Reserve Collateral, and upon notifying Lead Securitization
Note Holder of such intention, such Note B Holder shall post such Reserve Collateral as quickly as practicable (but in no event
more than three (3) Business Days following the receipt of the above notice) by delivering such Reserve Collateral to Lead Securitization
Note Holder. The applicable Note B Holder shall grant to and create in favor of each Note A Holder a first priority perfected pledge
and security interest in the Reserve Collateral in a manner reasonably satisfactory to Lead Securitization Note Holder. Lead Securitization
Note Holder will require an opinion, in form and substance and from counsel reasonably acceptable to Lead Securitization Note Holder,
regarding the validity, perfection and priority of each Note A Holder’s interest in any Reserve Collateral. In addition,
the applicable Note B Holder shall pay or cause to be paid any and all reasonable out of pocket costs and expenses incurred by
each Note A Holder (and any servicing party on its behalf) associated with the delivery and/or pledge of such Reserve Collateral,
including the costs and expenses of any opinion of counsel. Upon the posting of such Reserve Collateral and satisfaction of the
other conditions set forth above, the applicable Note B Holder shall be entitled to exercise all of the rights of the Controlling
Holder hereunder; provided, however, that such posting of such collateral and such satisfaction of conditions shall not prevent
such Note B Holder from losing its status as the Controlling Holder again (provided that such collateral shall be taken into account
in determining the Mortgaged Property’s value when calculating whether such Note B Holder is no longer the Controlling Holder),
in which event the foregoing provisions of this paragraph shall not again apply and such Note B Holder shall not again be entitled
to post Reserve Collateral. Any Reserve Collateral shall be treated as an “outside reserve fund” for purposes of the
REMIC provisions of the Internal Revenue Code of 1986, as amended, and such property (and the right to reimbursement of any amounts
with respect thereto from a REMIC) shall be beneficially owned by such Note B Holder, who shall be taxed on all income with respect
thereto. The provisions of this Section 21(i) shall be of no further force and effect from and after the Lead Securitization Date.

 

(j)           Following a Final
Recovery Determination with respect to the Mortgage Loan and application of all proceeds of the liquidation of the Mortgage Loan,
the Mortgaged Property or any REO Property, the Lead Securitization Note Holder (or the Servicer on its

 

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behalf)
shall be entitled to draw on or liquidate the Reserve Collateral and apply the proceeds thereof to reimburse each Note A Holder
for any Trust Fund Expense or Realized Loss borne or experienced by each Note A Holder, plus interest thereon from the date such
Trust Fund Expenses or Realized Loss was borne or experienced to the date of reimbursement. Within ten (10) Business Days following
such Final Recovery Determination and application, the Lead Securitization Note Holder (or the Servicer on its behalf) shall pay
any remaining portion of such proceeds of the Reserve Collateral to the Note B Holder. The provisions of this Section 21(j) shall
be of no further force and effect from and after the Lead Securitization Date.

 

(k)          Notwithstanding
the foregoing, if a Letter of Credit is posted as Reserve Collateral, then the related Note B Holder shall provide a replacement
Letter of Credit from an Approved Bank in form and substance satisfactory to Lead Securitization Note Holder and each of such Rating
Agencies (i) at least fifteen (15) Business Days before the expiration of the delivered Letter of Credit, and (ii) if the issuer
of such Letter of Credit is at any time not an Approved Bank, within five (5) Business Days following written notice from Lead
Securitization Note Holder to such effect. If the related Note B Holder does not effect such a replacement within the periods set
forth in the preceding sentence, the Lead Securitization Note Holder shall be entitled immediately thereupon to draw on such Letter
of Credit to the full extent of the amount then remaining available thereunder, in which case Lead Securitization Note Holder shall
hold the proceeds of such draw as Reserve Collateral and shall be entitled to hold and apply such Reserve Collateral in the manner
and for the purposes otherwise set forth above and below. The provisions of this Section 21(k) shall be of no further force and
effect from and after the Lead Securitization Date.

 

22.          Further Assurances.
Each Holder acknowledges and agrees that each Holder may sell all or any portion of its respective Note, subject to the rights
of the other Holders and the terms of this Agreement, and the related Mortgage Loan Documents in connection with the related Securitization.
At the request and at the sole cost and expense of a requesting Holder, and to the extent not already required to be provided by
the other Holders under this Agreement, each Holder shall reasonably cooperate with such requesting Holder and take such steps
as may be reasonably required by such requesting Holder or any Rating Agency in order to satisfy the market standards to which
the requesting Holder customarily adheres or which may be reasonably required by the Rating Agencies in connection with the related
Securitization. Such cooperation shall include, without limitation, each Holder’s agreement to:

 

(a)          execute such amendments
to this Agreement as may be requested by the requesting Holder or the Rating Agencies to effect the related Securitization, provided
that no such amendments shall materially and adversely affect any of the rights or remedies granted to any Note A Holder or Note
B Holder hereunder (including, without limitation, the timing and amount of payment and the rights granted to a “Controlling
Holder” or “Directing Holder”) or increase the obligations of such Holder hereunder;

 

(b)          cooperate with
the reasonable requests from third-party service providers engaged by the requesting Holder to obtain, collect, and deliver information
requested or required by such Note A Holder or the Rating Agencies in connection with the Holders, the Notes or the Mortgage Loan;
and

 

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(c)          execute amendments
to the Mortgage Loan Documents to further sever the Notes.

 

Notwithstanding the foregoing,
in no event shall any Holder take any action or refrain from taking any action that would violate any law of any applicable jurisdiction,
would be inconsistent with Accepted Servicing Practices or would violate the REMIC Provisions of the Servicing Agreement or any
other provision of this Agreement in the Servicing Agreement.

 

23.          Reserved.

 

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

 

25.          Governing Law;
Waiver of Jury Trial. THIS AGREEMENT AND THE RESPECTIVE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY
WITHIN SUCH STATE. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

26.          Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto.
The party seeking modification of this Agreement shall be solely responsible for any and all reasonable expenses that may arise
in order to modify this Agreement. Additionally, from and after a Securitization, the Holders shall not amend or modify this Agreement
without first receiving (i) an opinion of counsel experienced in REMIC matters that such amendment or modification, in and of itself,
would not adversely affect the REMIC status of the Mortgage Loan or this Agreement, and (ii) a Rating Agency Confirmation, except
that no Rating Agency Confirmation shall be required in connection with a modification (x) prior to the Lead Securitization Date,
(y) to cure any ambiguity, to correct or supplement any provision herein that may be defective or inconsistent with any other provisions
herein or with the Servicing Agreement, or (z) to make other provisions with respect to matters or questions arising under this
Agreement, which shall not be inconsistent with the provisions of this Agreement, and (iii) if such modification, cancellation
or termination would adversely affect the rights or materially affect the duties of any Servicer or Trustee, the written consent
of such affected party.

 

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27.          Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns; provided, that no successors or assigns of any Initial Note A Holder or Initial
Note B Holder shall have any liability for a breach of representation or warranty set forth in this Agreement. Each Servicer and
Trustee (if any) is an intended third-party beneficiary of this Agreement. Except as provided in Section 8 and the preceding sentence,
none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto or a successor
or assign of a party hereto.

 

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

 

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

 

30.          Notices.
All notices required hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing and personally delivered,
(ii) sent by facsimile transmission if the sender on the same day sends a confirming copy of such notice by reputable overnight
delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified United States
mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit
B hereto, or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid.
All written notices so given shall be deemed effective upon receipt or, if mailed, upon the earlier to occur of receipt or the
expiration of the fourth (4th) day following the date of mailing.

 

31.          Note Holder’s
Access to Information. The Lead Securitization Note Holder (or the Interim Servicer) shall provide to the other Holders and,
from and after the Lead Securitization Date, the Lead Securitization Servicing Agreement shall provide that such other Holders
shall have access to, upon written request to the Servicer or the Trustee, as applicable, subject to any restrictions on the distribution
of such information contained in the Lead Securitization Servicing Agreement, (a) a summary of the current status of principal
and interest payments on the Mortgage Loan, (b) copies of the Mortgage Loan Borrower’s current financial statements, to the
extent in the Servicer’s possession, (c) the most recent appraisal, if any, as to the value of the Mortgaged Property, to
the extent in the Servicer’s possession, (d) a copy of the Lead Securitization Servicing Agreement, (e) copies of any default
or acceleration notices sent to the Mortgage Loan Borrower with respect to the Mortgage Loan and all material correspondence related
thereto, (f) material notices delivered to any Servicer by the Mortgage Loan Borrower, (g) copies of each other report provided
to the Certificateholders in accordance with the express terms of the Lead Securitization Servicing Agreement (but only to the
extent such other reports relate to the Mortgage Loan or the Mortgage Loan Borrower), and (h) other information with respect
to the Mortgage Loan Borrower or the Mortgage Loan, reasonably requested by such other Holder, to the extent required to be provided
by the Servicer under the Lead Securitization Servicing Agreement and in the Servicer’s possession or reasonably obtainable
by the Servicer,

 

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in
each case at the sole cost and expense of such other Holder, to the extent not included in the regular fees and charges of the
Servicer (with respect to all out-of-pocket and the reasonable administrative and photocopying costs of the Servicer).

 

32.          Custody of
Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other
than the Notes, which will be held by the Holders thereof) will be held by a third-party custodian jointly selected by the Holders.
From and after the Lead Securitization Date, originals of all of the Mortgage Loan Documents (other than the Non-Standalone Notes
not included in the Lead Securitization, which will be held by the Holders thereof) shall be held by the Servicer, Trustee or custodian
on its behalf, or other applicable Person under the Lead Securitization Servicing Agreement.

 

33.          Statement of
Intent. It is the intention of the parties hereto that, for purposes of federal income taxes, state and local income and franchise
taxes and any other taxes imposed upon, measured by or based upon gross or net income, this Agreement shall be treated as creating
a “grantor trust” (within the meaning of Code Section 671). The terms of this Agreement shall be interpreted to further
this intention of the parties. The parties hereto agree that, unless otherwise required by appropriate tax authorities, the Lead
Securitization Note Holder (or the Trustee (if any) on its behalf) shall file or cause to be filed annual or other necessary returns,
reports and other forms consistent with such intended characterization. Each other Holders, by its acceptance of its interest herein,
agrees, unless otherwise required by appropriate tax authorities, to file its own tax returns and reports in a manner consistent
with such characterization. If the Internal Revenue Service were to characterize this Agreement as a partnership for federal income
tax purposes, then each such other Holders authorizes and directs the Lead Securitization Note Holder to elect out of partnership
accounting pursuant to Treasury Regulation Section 1.761-2, and agrees to file its own tax returns and reports in a manner consistent
therewith.

 

34.          Powers.
Except as expressly provided herein, the grantor trust created pursuant to this Agreement will not engage in any activity that
is inconsistent with the classification of this arrangement as a grantor trust for federal income tax purposes. Further, this grantor
trust shall not (a) acquire any additional assets or (b) modify (or agree to the modification of) or dispose of its assets other
than pursuant to the terms hereof. The grantor trust shall take no action (or fail to take any action) that will cause it (by the
taking or by the failure to take, as the case may be) to be classified as other than a grantor trust for federal income tax purposes.

 

35.          Servicing of
the Loan. Wells Fargo Bank, National Association is hereby appointed by the Holders as the servicer of the Whole Loan. From
and after the Lead Securitization Date, pursuant to this Agreement and the Lead Securitization Servicing Agreement, Wells Fargo
Bank, National Association will be appointed as the master servicer of the Trust Loan and the primary servicer of the Whole Loan.
Pursuant to the Lead Securitization Servicing Agreement, AEGON USA Realty Advisors, LLC will be appointed as the special servicer
of the Whole Loan. From and after the Lead Securitization Date, the Holders hereby agree that Wells Fargo Bank, National Association
shall service the Whole Loan on behalf of the Holders. Prior to the Lead Securitization Date, the Lead Securitization Note Holder
shall have the right to appoint and remove the Interim Servicer with or without cause under this Agreement

 

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and
from and after the Lead Securitization Date, the Lead Securitization Note Holder shall have the right to appoint and remove the
Master Servicer and the Special Servicer in accordance with the terms of the Lead Securitization Servicing Agreement. All rights
and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Servicer and/or the Special
Servicer (except as set forth in the preceding sentence) and, to the extent applicable, the Certificate Administrator, the Trustee
or the paying agent on behalf of the Lead Securitization Note Holder and the other Holders agree to cooperate with any such Persons
with respect to its exercise of such rights and obligations.

 

36.          Registration
of Transfers. The Lead Securitization Note Holder (or the applicable Servicer or the Trustee on its behalf) shall maintain
a register on which it shall record the names and addresses of, and wire transfer instructions for, the Holders from time to time,
to the extent such information is provided in writing to it by any other Holders. Any transfer of a Note hereunder shall be recorded
on such register. The transferring Holder (or the transferee) shall reimburse the Lead Securitization Note Holder for the Lead
Securitization Note Holder’s reasonable third party out-of-pocket costs and expenses (including reasonable attorneys’
fees and disbursements) incurred in connection with the terms of this Section 36.

 

37.          Non-Recourse
Obligations of the Holders. Notwithstanding anything to the contrary contained herein or the Servicing Agreement (but subject
to Section 10 and Section 40 hereof), no Holder shall be personally liable hereunder or under the Servicing Agreement
other than to the extent of cash, property or other value realized or derived from its Note either (i) prior to its disbursement
and receipt by the Holder or (ii) after its receipt by the Holder under the circumstances and to the extent provided under Section 8(b)
hereof.

 

38.          Termination.
This Agreement and the respective obligations and responsibilities under this Agreement of the parties hereto shall terminate upon
(a) mutual agreement by the parties hereto, evidenced in writing; (b) thirty (30) days after each of the Notes is paid in full;
or (c) payment (or provision for payment) to the Holders of all amounts held by or on behalf of the Servicer and required under
the Servicing Agreement, to be so paid on the last Remittance Date following final payment or other liquidation (or any advance
with respect thereto) of the Mortgage Loan or the Mortgaged Property; provided, however, that in no event shall the
arrangement created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of
Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James, living on the date hereof.

 

39.          Withholding
Taxes.

 

(a)          If the Lead Securitization
Note Holder or the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes from interest, fees or other amounts
payable to the other Holders with respect to the Mortgage Loan as a result of such Holder constituting a Non-Exempt Person, the
Servicer shall be entitled to do so with respect to such Holder’s interest in such payment (all withheld amounts being deemed
paid to such Holder), provided that the Servicer shall furnish such Holder with a statement setting forth the amount of Taxes withheld,
the applicable rate and other information which may reasonably be requested for

 

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purposes
of assisting such Holder to seek any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which such
Holder is subject to tax.

 

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

 

(c)          Each Holder represents
to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that
neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated under applicable law to withhold Taxes
on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement. Contemporaneously with the execution
of this Agreement and from time to time as necessary during the term of this Agreement, each Holder shall deliver to the Lead Securitization
Note Holder, or the Servicer, as applicable, evidence satisfactory to the Lead Securitization Note Holder substantiating that it
is not a Non-Exempt Person and that the Lead Securitization Note Holder is not obligated under applicable law to withhold Taxes
on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement. Without limiting the effect of the foregoing,
(a) if a Holder is created or organized under the laws of the United States, any state thereof or the District of Columbia, it
shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Note Holder an Internal Revenue
Service Form W-9 and (b) if a Holder is not created or organized under the laws of the United States, any state thereof or the
District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States
income tax purposes as derived in whole or part from sources within the United States, such Holder shall satisfy the requirements
of the preceding sentence by furnishing to the Lead Securitization Note Holder Internal Revenue Service Form W-8ECI, Form W-8BEN
or Form W-8BEN-E, as applicable, or successor forms, as may be required from time to time, duly executed by such Holder, as evidence
of such Holder’s exemption from the withholding of United States tax with respect thereto. The Lead Securitization Note Holder
shall not be obligated to make any payment hereunder to each other Holder in respect of its Note or otherwise until such Holder
shall have furnished to the Lead Securitization Note Holder the requested forms, certificates, statements or documents.

 

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40.          Cooperation
in Securitization; Re-Sizing of A Note; Provisions Relating to Securitization.

 

(a)          In connection
with the Lead Securitization or any Non-Lead Securitization, Note B Holders hereby consent to the inclusion in any disclosure document
relating to the Lead Securitization or such Non-Lead Securitization of the identity of the Note B Holders and the identification
of other Persons that control the related Note B (other than the identification of its limited partners or other non-controlling
investors). Note B Holders covenant and agree that in the event any Note A is to be included as an asset of the Lead Securitization
or any Non-Lead Securitization, Note B Holders shall, at the related Initial Note A Holder’s sole cost and expense (including,
without limitation, attorneys’ fees and disbursements reasonably incurred by Note B Holders) and request, (i) meet with representatives
of the Rating Agencies to discuss the business and operations of Note B Holders, (ii) cooperate with the reasonable requests of
each Rating Agency and such Initial Note A Holder in connection with the Lead Securitization or such Non-Lead Securitization, as
well as in connection with all other matters and the preparation of any offering documents thereof and (iii) review and respond
promptly with respect to any information (except as permitted above) relating to Note B Holders in the Lead Securitization or such
Non-Lead Securitization document.

 

(b)          Notwithstanding
any other provision of this Agreement, for so long as DB or any affiliate of DB (including GACC), or GSMC or any affiliate of GSMC
(an “Initial Holder”) is the owner of a Note A (each, an “Owned Note”), such Initial Holder
shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended
and restated notes or additional notes (in either case, “New Notes”) reallocating the principal of an Owned
Note to such New Notes; or severing an Owned Note into one or more further “component” notes in the aggregate principal
amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate principal balance of
all outstanding New Notes following such amendments is no greater than the aggregate principal of such Owned Note prior to such
amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii)
all New Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically
subject to the terms of this Agreement, (iv) the Initial Holder holding the New Notes shall notify the Lead Securitization Note
Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations
and principal amounts, and (v) the execution of such amendments and New Notes does not violate Accepted Servicing Practices. If
the Lead Securitization Note Holder so requests, the Initial Holder holding the New Notes (and any subsequent holder of such Notes)
shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified. In connection
with the foregoing (provided the conditions set forth in (i) through (v) above are satisfied, with respect to (i) through (iv),
as certified by the applicable Initial Holder, on which certification the Master Servicer can rely), the Master Servicer is hereby
authorized and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the
Note Holders, as applicable, solely for the purpose of reflecting such reallocation of principal.

 

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

 

(i)           the
Master Servicer, Special Servicer and Trustee for such Lead Securitization shall be required to notify the master servicer, the
special servicer and the trustee under each Non-Lead Securitization Servicing Agreement of the amount of any P&I Advance it
has made with respect to the Standalone Notes included in the Lead Securitization Trust or Property Advances it has made with respect
to the Mortgaged Property within two (2) Business Days of making any such advance;

 

(ii)          if
the Master Servicer determines that a proposed P&I Advance or Property Advance, if made, or any outstanding P&I Advance
or Property Advance previously made, would be, or is, as applicable, a “nonrecoverable advance,” the Master Servicer
shall provide the servicers under any Non-Lead Securitization Servicing Agreement written notice of such determination within two
(2) Business Days after such determination was made;

 

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

 

(iv)         with
respect to each other Note that is held by a Non-Lead Securitization, the Master Servicer shall make available all reports constituting
the “CREFC® Investor Reporting Package (CREFC® IRP)” (excluding any templates) pursuant
to the terms of the Lead Securitization Servicing Agreement;

 

(v)          the
Master Servicer and Special Servicer shall provide to each Non-Standalone Note Holder all documents and other information regarding
the Mortgage Loan provided to the “Controlling Class Representative” (or analogous term), as such term is defined in
the Lead Securitization Servicing Agreement, pursuant to the terms and conditions of the Lead Securitization Servicing Agreement
at the time provided to such Controlling Class Representative;

 

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

 

(vii)        the
Holders of the Non-Standalone Notes shall be entitled to the same indemnity by the applicable parties to the Lead Securitization
Servicing Agreement with respect to the Mortgage Loan as the applicable parties to the Lead Securitization

 

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Servicing
Agreement are provided with respect to the Mortgage Loan under the Lead Securitization Servicing Agreement; the Master Servicer,
any primary servicer, the Special Servicer, the trustee and the certificate administrator shall be required to indemnify each
“certification party” and the depositors under each Non-Lead Securitization Servicing Agreement related to any public
Non-Lead Securitization to the same extent that they indemnify the Lead Securitization “certification party” and depositor
for their failure to deliver the items in clause (viii) below in a timely manner and for any Deficient Exchange Act Deliverable
(as defined in the Lead Securitization Servicing Agreement or any similar term thereto) regarding, and delivered by or on behalf
of, such party;

 

(viii)       with
respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master Servicer, any
primary servicer, the Special Servicer and the Trustee, certificate administrator or other party acting as custodian under the
Lead Securitization Servicing Agreement shall be required to (1) deliver (and shall be required to cause each other servicer and
servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), in a timely manner, the reports, certifications, compliance statements, accountants’ assessments and attestations,
information to be included in reports (including, without limitation, Form 15G, Form 10-K, Form 10-D, Form 8-K), and other materials
specified in each of the Non-Lead Securitization Servicing Agreements as the parties to the applicable Non-Lead Securitization
may require in order to comply with their obligations under the Securities Act of 1933, as amended, Securities Exchange Act of
1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law, and (2) to the extent applicable, to
cooperate with any depositor in a Non-Lead Securitization in responding to comments from the Commission regarding any materials
provided by such party in the immediately preceding clause (1), and (b) without limiting the generality of the foregoing, the Depositor
for the Lead Securitization shall provide in a timely manner to the depositor and the trustee for any Non-Lead Securitization a
copy of the Lead Securitization Servicing Agreement and each of the Master Servicer, the Special Servicer, Trustee, certificate
administrator or other party acting as custodian for the Lead Securitization will be required to provide to the depositor, at the
expense of the requesting party, and the trustee for any Non-Lead Securitization, any other disclosure information required pursuant
to Regulation AB or the Securities Exchange Act of 1934, as amended, in a timely manner for inclusion in any disclosure document
or Form 8-K filing and market indemnification agreements, opinions and Regulation AB compliance letters as were or are being delivered
with respect to the Lead Securitization. The Master Servicer, any primary servicer and the Special Servicer shall each be required
to provide certification and indemnification to any Certifying Person with respect to any applicable Sarbanes-Oxley Certification
(or analogous terms) as such terms are defined in the related Non-Lead Securitization Servicing Agreement;

 

(ix)         each
of the Master Servicer, the Special Servicer, the custodian, the Trustee and the certificate administrator and each Affected Reporting
Party (as defined in

 

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the
Lead Securitization Servicing Agreement) shall cooperate (and require each Servicing Function Participant (as defined in the Lead
Securitization Servicing Agreement) and Additional Servicer (as defined in the Lead Securitization Servicing Agreement) retained
by it to cooperate under any applicable sub-servicing agreement), with each depositor for a Non-Lead Securitization (including,
without limitation, providing all due diligence information, reports, written responses, negotiations and coordination, and paying
all costs and expenses incurred in connection therewith) to the same extent as such party is required to cooperate with (and pay
the expenses of) the Depositor under the Lead Securitization Servicing Agreement in connection with Deficient Exchange Act Deliverables
(as defined in the Lead Securitization Servicing Agreement);

 

(x)          with
respect to each Non-Standalone Note, the Master Servicer shall withdraw from the related Collection Account and remit to the related
Holders of the Non-Standalone Notes, within one (1) Business Day of receipt of properly identified funds, any amounts that represent
late collections or principal prepayments on such Non-Standalone Note or any successor REO Property with respect thereto (exclusive
of any portion of such amount payable or reimbursable to any third party in accordance with this Agreement), unless such amount
would otherwise be included in the monthly remittance to the Holder of such Non-Standalone Note for such month; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to remit such late collections or principal prepayments to the master servicer
of any applicable Non-Lead Securitization within one (1) Business Day of receipt of properly identified funds but, in any event,
the Master Servicer shall remit such amounts within two (2) Business Days of receipt of properly identified funds;

 

(xi)         each
Holder of a Non-Standalone Note is an intended third-party beneficiary in respect of the rights afforded them under the Lead Securitization
Servicing Agreement and the related non-lead master servicers will be entitled to enforce the rights of the Holders of the Non-Standalone
Notes under this Agreement and the Lead Securitization Servicing Agreement;

 

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

 

(xiii)       if
the Mortgage Loan becomes a Specially Serviced Mortgage Loan and the Special Servicer determines to sell any of the Standalone
Notes in accordance with the Lead Securitization Servicing Agreement, it shall have the right and the obligation to sell all of
the Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection
with any such sale, the

 

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Special
Servicer shall provide notice to each Non-Controlling Holder of the planned sale and of such Non-Controlling Holder’s opportunity
to bid on the Mortgage Loan;

 

(xiv)       the
Lead Securitization Servicing Agreement shall not be amended in any manner that adversely affects in any material respects the
Non-Standalone Note Holders without the consent of such Holders;

 

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

 

(xvi)       Servicer
Termination Events (as defined in the Lead Securitization Servicing Agreement or analogous term) with respect to the Master Servicer
and the Special Servicer shall include (i) the failure to remit payments to the Holder of any Non-Standalone Note as and when required
by the Lead Securitization Servicing Agreement; (ii) the qualification, downgrade or withdrawal of ratings of any class of certificates
in any Non-Lead Securitization, publicly citing servicing concerns with the Master Servicer or the Special Servicer, as applicable,
as the sole or material factor in such rating action (and such qualification, downgrade or withdrawal has not been withdrawn within
60 days of such event); and (iii) the failure to provide to the Holder of any Non-Standalone Note (if and to the extent required
under the Lead Securitization Servicing Agreement) reports required under the Securities Exchange Act of 1934, as amended, and
the rules and regulations thereunder, within the time necessary for compliance in the Lead Securitization Servicing Agreement (which
shall be sufficient for the Holders of the Non-Standalone Notes to comply with the applicable filing requirements). Upon the occurrence
of a Servicer Termination Event with respect to a Holder of any Non-Standalone Note, the related Trustee under the Lead Securitization
shall, upon the direction of the Holder of such Non-Standalone Note, require (i) in the case of a Servicer Termination Event relating
to the Master Servicer, the appointment of a subservicer with respect to the related Note (ii) in the case of a Servicer Termination
Event relating to the Special Servicer, the termination of the Special Servicer;

 

(xvii)      the
Special Servicing Fee for the Mortgage Loan and any related REO Property shall be calculated at a rate not in excess of 25.0 basis
points (0.250%) per annum and shall accrue only while the Mortgage Loan is specially serviced or after the Mortgaged Property
has become REO Property;

 

(xviii)     subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, the Liquidation Fee for the Mortgage
Loan if it is a Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable shall not exceed 0.50%
of the proceeds of a full, partial or discounted payoff or the Net Liquidation Proceeds (as defined in the Lead Securitization
Servicing Agreement) related to a liquidation or repurchase of the Mortgage Loan, in each case exclusive of any portion of such
payoff or Net Liquidation Proceeds (as defined in the Lead Securitization Servicing Agreement) that represents Penalty Charges;

 

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(xix)        subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, the Workout Fee (as defined in the
Lead Securitization Servicing Agreement) for the Mortgage Loan shall not exceed 0.50% of each collection of interest and principal
on the Mortgage Loan;

 

(xx)         the
Trustee under the Lead Securitization Servicing Agreement shall promptly notify the trustee and the master servicer under any Non-Lead
Securitization Servicing Agreement of any resignation, termination or replacement of the Master Servicer, the Special Servicer
or an applicable primary servicer or the effectiveness of any designation of a new Master Servicer, Special Servicer or applicable
primary servicer (together with the relevant contact information);

 

(xxi)        the
Lead Securitization Servicing Agreement shall also satisfy Moody’s rating methodology for eligible accounts and permitted
investments for a “Aaa”- rated securitization; and

 

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

 

(d)          Each Non-Standalone
Note Holder acknowledges and agrees that it shall cause the Non-Lead Securitization Servicing Agreement related to the Non-Lead
Securitization that includes its Non-Standalone Note to provide that:

 

(i)           the
applicable master servicer, special servicer and trustee for such Non-Lead Securitization shall be required to notify the master
servicer, special servicer and trustee of the Lead Securitization and each other Non-Lead Securitization of any monthly principal
and interest advance it has made with respect to the applicable Note included in such Non-Lead Securitization within two Business
Days of making such advance;

 

(ii)          if
the applicable master servicer, special servicer or trustee determines that a proposed monthly principal and interest advance with
respect to the related Note, if made, or any outstanding monthly principal and interest advance previously made, would be, or is,
as applicable, a “nonrecoverable advance,” the master servicer shall provide the Master Servicer and each master servicer
in any other Non-Lead Securitization written notice of such determination within 2 Business Days after such determination was made;

 

(iii)         if
the related Holder of such Note is responsible for its proportionate share of any Nonrecoverable Property Advances (or any other
portion of a Nonrecoverable Property Advance) (and Advance Interest Amount thereon) or other fee or expense pursuant to Section
9, and that if funds received with respect to such Note are insufficient to cover such amounts, the related master servicer
under the related Non-Lead Securitization Servicing Agreement will be required to pay the Master Servicer, Special Servicer or
Trustee under the Lead Securitization Servicing Agreement, as applicable, out of general funds in the collection account (or equivalent
account) established under the related Non-Lead Securitization Servicing Agreement (provided that this subclause (iii) shall not
apply to Nonrecoverable P&I Advances relating to any Standalone Notes);

 

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(iv)        each
of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization Trust is
required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses, incurred in connection with the Lead Securitization Servicing Agreement
that relate solely to its servicing of the Mortgage Loan, and the master servicer under the related Non-Lead Securitization Servicing
Agreement will be required to reimburse the Master Servicer or Special Servicer under the Lead Securitization Servicing Agreement,
as applicable, out of general funds in the collection account (or equivalent account) established under the related Non-Lead Securitization
Servicing Agreement;

 

(v)          (a)
each of the Master Servicer and the Trustee under the Lead Securitization Servicing Agreement will be a third party beneficiary
under the applicable Non-Lead Securitization Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement
of any Nonrecoverable Property Advances made with respect to applicable Note included in such Non-Lead Securitization by the Master
Servicer or the Trustee under the Lead Securitization Servicing Agreement and (2) as to the Master Servicer only, the indemnification
of the Master Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any
other costs, liabilities, fees and expenses, incurred in connection with any Non-Lead Securitization Servicing Agreement and relating
to the applicable Note included in such Non-Lead Securitization and (ii) the Special Servicer will be a third party beneficiary
under the related Non-Lead Securitization Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement
of any Nonrecoverable Property Advances made with respect to such Note included in such Non-Lead Securitization by the Special
Servicer (it being understood that the Special Servicer is not required to make any Property Advances) and (2) the indemnification
of the Special Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and
any other costs, liabilities, fees and expenses, incurred in connection with any Non-Lead Securitization Servicing Agreement and
relating to the applicable Note included in such Non-Lead Securitization; and

 

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

 

(e)          Each Non-Standalone
Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement and any related Non-Lead Securitization
Servicing Agreement (in each case, that will not also be a party to such Non-Lead Securitization Servicing Agreement related to
the Non-Lead Securitization that will include such Holder’s Non-Standalone Note) notice of the related Non-Lead Securitization
in writing (which may be by e-mail) not less than 5 Business Days’ prior to the closing of such Non-Lead Securitization.
Such notice shall contain contact information for each of the parties to the applicable Non-Lead Securitization Servicing Agreement.
In addition, after the closing of the applicable Non-Lead Securitization, such Non-Standalone Note Holder shall send (i) a copy
of the related Non-Lead Securitization Servicing Agreement to each of the parties to the Lead Securitization Servicing Agreement
and (ii) notice of any subsequent change in the identity of the master servicer under

 

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the
Non-Lead Securitization Servicing Agreement or the party designated to exercise the rights of the Non-Controlling Holder under
this Agreement (together with the relevant contact information).

 

(f)           Following the
closing of the Lead Securitization, upon receipt of written notice (which may be by email) of the closing of any Non-Lead Securitization,
the Depositor shall provide the depositor under the related Non-Lead Securitization Servicing Agreement with a copy of the Lead
Securitization Servicing Agreement in an EDGAR-compatible format.

 

(g)          In the event that
a Non-Lead Securitization closes prior to the Lead Securitization, the Holder selling its Note into a Securitization that will
be the Lead Securitization shall provide written notice of such Lead Securitization to the depositor and trustee of each Non-Lead
Securitization and, promptly upon the execution of the Lead Securitization Servicing Agreement (but not later than one Business
Day after the day on which such document is executed), shall provide a copy of the Lead Securitization Servicing Agreement in an
EDGAR-compatible format.

 

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

 

		Initial Note A-1 Holder:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name:  Natalie Grainger
	 	 	Title:    Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:   Matt Smith
	 	 	Title:     Director

 

		Initial Note A-2 Holder:
	 	 	 
	 	GOLDMAN SACHS MORTGAGE COMPANY
	 	 	 
	 	By:	/s/ Rene J. Theriault
	 	 	Name:  Rene J. Theriault
	 	 	Title:    Authorized Signatory

 

		Initial Note B-1 Holder:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name:  Natalie Grainger
	 	 	Title:    Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:   Matt Smith
	 	 	Title:     Director

 

		Initial Note B-2 Holder:
	 	 	 
	 	GOLDMAN SACHS MORTGAGE COMPANY
	 	 	 
	 	By:	/s/ Rene J. Theriault
	 	 	Name:  Rene J. Theriault
	 	 	Title:    Authorized Signatory

 

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SCHEDULE 1

Permitted Fund Managers

 

Westbrook Partners

iStar Financial Inc.

Capital Trust

Archon Capital, L.P.

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group

Normandy Real Estate Partners

Dune Real Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis Real Estate Partners

Apollo Real Estate Advisors

Colony Capital, Inc.

Praedium Group

Fortress Investment Group, LLC

Lonestar Opportunity Funds

Clarion Partners

Walton Street Capital, LLC

Starwood Financial Trust

BlackRock, Inc.

Eightfold Real Estate Capital, L.P.

DLJ Real Estate Capital Partners

Land-Lease Real Estate Investments

JER Partners

Rialto Capital Management

Raith Capital Partners

Torchlight Investors, LLC

H/2 Capital Partners

 

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EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

A.          Description of Mortgage Loan

 

	Mortgage Loan Borrower:	Legacy Yards Tenant LP
	Date of Mortgage Loan:	August 1, 2016
	Initial Principal Amount of Mortgage Loan:	$900,000,000
	Closing Date Mortgage Loan Principal Balance:	$900,000,000
	Location of Mortgaged Property:	New York, New York
	Current Use of Mortgaged Property:	Office
	Mortgage Interest Rate:	2.9833333% per annum (the weighted average of the Note A Interest Rate and the Note B Interest Rate), as of the date hereof
	Mortgage Default Rate:	5.9833333% per annum (the weighted average of the Note A Default Interest Rate and the Note B Default Interest Rate), as of the date hereof (or such lesser rate permitted by applicable law)
	Maturity Date:	August 6, 2026,
	Prepayment Fee:	An amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) 3% of the unpaid principal balance of the Notes as of the repayment date. “Yield Maintenance Amount” means the present value, as of the repayment date, of the remaining scheduled payments of principal and interest from the repayment date through the Open Prepayment Date (including any balloon payment) determined by discounting such payments at a rate which, when compounded monthly, is equivalent to the Treasury Rate, when compounded semi-annually, less the amount of principal being prepaid on the repayment date. 

 

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B.          Description of Notes

 

	Closing Date	August 1, 2016
	Initial Note A-1-S Principal Balance	$289,070,833.33
	Initial Note A-2-S Principal Balance	$119,029,166.67
	Initial Note A-1-C1 Principal Balance	$65,000,000
	Initial Note A-1-C2 Principal Balance	$55,000,000
	Initial Note A-1-C3 Principal Balance	$40,000,000
	Initial Note A-1-C4 Principal Balance	$20,000,000
	Initial Note A-1-C5 Principal Balance	$20,000,000
	Initial Note A-1-C6 Principal Balance	$12,500,000
	Initial Note A-2-C1 Principal Balance	$30,000,000
	Initial Note A-2-C2 Principal Balance	$30,000,000
	Initial Note A-2-C3 Principal Balance	$27,500,000
	Initial Note B-1 Principal Balance	$135,929,166.67
	Initial Note B-2 Principal Balance	$55,970,833.33
	Approximate Initial Note A-1-S Percentage Interest	32.11898148111%
	Approximate Initial Note A-2-S Percentage Interest	13.22546296333%
	Approximate Initial Note A-1-C1 Percentage Interest	7.22222222222%
	Approximate Initial Note A-1-C2 Percentage Interest	6.11111111111%
	Approximate Initial Note A-1-C3 Percentage Interest	4.44444444444%
	Approximate Initial Note A-1-C4 Percentage Interest	2.22222222222%
	Approximate Initial Note A-1-C5 Percentage Interest	2.22222222222%
	Approximate Initial Note A-1-C6 Percentage Interest	1.38888888889%
	Approximate Initial Note A-2-C1 Percentage Interest	3.33333333333%
	Approximate Initial Note A-2-C2 Percentage Interest	3.33333333333%
	Approximate Initial Note A-2-C3 Percentage Interest	3.05555555556%
	Approximate Initial Note B-1 Percentage Interest	15.10324074111%
	Approximate Initial Note B-2 Percentage Interest	6.21898148111%
	Note A-1-S Interest Rate	2.9833333% per annum
	Note A-2-S Interest Rate	2.9833333% per annum

 

Co-Lender Agreement

(10 Hudson Yards)

 

    A-2

     

    

 

	Note A-1-C1 Interest Rate	2.9833333% per annum
	Note A-1-C2 Interest Rate	2.9833333% per annum
	Note A-1-C3 Interest Rate	2.9833333% per annum
	Note A-1-C4 Interest Rate	2.9833333% per annum
	Note A-1-C5 Interest Rate	2.9833333% per annum
	Note A-1-C6 Interest Rate	2.9833333% per annum
	Note A-2-C1 Interest Rate	2.9833333% per annum
	Note A-2-C2 Interest Rate	2.9833333% per annum
	Note B-1 Interest Rate	2.9833333% per annum
	Note B-2 Interest Rate	2.9833333% per annum
	Note A-1-S Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S Interest Rate
	Note A-2-S Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S Interest Rate
	Note A-1-C1 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C1 Interest Rate
	Note A-1-C2 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C2 Interest Rate
	Note A-1-C3 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C3 Interest Rate
	Note A-1-C4 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C4 Interest Rate
	Note A-1-C5 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C5 Interest Rate
	Note A-1-C6 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C6 Interest Rate
	Note A-2-C1 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C1 Interest Rate
	Note A-2-C2 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C2 Interest Rate
	Note A-2-C3 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C3 Interest Rate
	Note B-1 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note B-1 Interest Rate
	Note B-2 Default Interest Rate	the lesser of (i) the maximum legal rate and (ii) 3% above the Note B-2 Interest Rate

 

Co-Lender Agreement

(10 Hudson Yards)

 

    A-3

     

    

 

EXHIBIT B 

NOTICES

 

Note A-1 Holder:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, NY 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

 

Note A-2 Holder:

 

Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Joe Osborne

 

Note B-1 Holder:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, NY 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

 

Note B-2 Holder:

Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Joe Osborne

 

Co-Lender Agreement

(10 Hudson Yards)

 

    B-1Exhibit 4.8

 

EXECUTION VERSION

 

AGREEMENT BETWEEN NOTE HOLDERS

 

Dated as of September 1, 2016

 

by and between

 

UBS AG, by and through its branch office
at 1285 Avenue of the Americas, New York, New York,

(Initial Note A-1 Holder, Initial Note A-2 Holder and Initial Note A-3 Holder)

 

and

 

GOLDMAN SACHS MORTGAGE COMPANY

(Initial Note A-4 Holder)

 

The Falls

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1.	Definitions	2
	Section 2.	Servicing of the Mortgage Loan	18
	Section 3.	Priority of Payments	25
	Section 4.	Workout	26
	Section 5.	Administration of the Mortgage Loan	26
	Section 6.	Rights of the Controlling Note Holder	31
	Section 7.	Appointment of Special Servicer	34
	Section 8.	Payment Procedure	35
	Section 9.	Limitation on Liability of the Note Holders	36
	Section 10.	Bankruptcy	36
	Section 11.	Representations of the Note Holders	37
	Section 12.	No Creation of a Partnership or Exclusive Purchase Right	37
	Section 13.	Other Business Activities of the Note Holders	37
	Section 14.	Sale of the Notes	38
	Section 15.	Registration of the Notes and Each Note Holder	41
	Section 16.	Governing Law; Waiver of Jury Trial	41
	Section 17.	Submission To Jurisdiction; Waivers	42
	Section 18.	Modifications	42
	Section 19.	Statement of Intent	43
	Section 20.	Successors and Assigns; Third Party Beneficiaries	43
	Section 21.	Counterparts	43
	Section 22.	Captions	43
	Section 23.	Severability	43
	Section 24.	Entire Agreement	43
	Section 25.	Withholding Taxes	43
	Section 26.	Custody of Mortgage Loan Documents	45
	Section 27.	Cooperation in Securitization	45
	Section 28.	Notices	46
	Section 29.	Broker	46
	Section 30.	Certain Matters Affecting the Agent	46
	Section 31.	Reserved	47
	Section 32.	Resignation or Termination of Agent	47
	Section 33.	Resizing	47

 

    -i-

     

    

 

This AGREEMENT BETWEEN
NOTE HOLDERS (this “Agreement”), dated as of September 1, 2016 by and between UBS AG, by and through its branch
office at 1285 Avenue of the Americas, New York, New York (“UBS AG, New York Branch” (together with its successors
and assigns in interest, as initial owner of Note A-1 described below, in its capacity as the “Initial Note A-1 Holder”
and, in its capacity as the initial agent, the “Initial Agent”)), UBS AG, New York Branch (together with its
successors and assigns in interest, as initial owner of Note A-2 described below, in its capacity as the “Initial Note
A-2 Holder”), UBS AG, New York Branch (together with its successors and assigns in interest, as initial owner of Note
A-3 described below, in its capacity as the “Initial Note A-3 Holder”) and GOLDMAN SACHS MORTGAGE COMPANY (“GSMC”
(together with its successors and assigns in interest, as initial owner of Note A-4 described below, in its capacity as the “Initial
Note A-4 Holder”); the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder and the Initial
Note A-4 Holder are referred to collectively herein as the “Initial Note Holders”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), UBS AG, New York Branch and GSMC co-originated a certain loan (the “Mortgage
Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”)
to the mortgage loan borrower described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which
was evidenced, inter alia, by four promissory notes, each dated as of the respective dates set forth in Exhibit A
hereto: (i) one promissory note designated Promissory Note A-1 made by the Mortgage Loan Borrower in favor of UBS AG, New York
Branch in the original principal amount of $45,500,000.00, (ii) one promissory note designated Promissory Note A-2 made by the
Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal amount of $19,500,000.00, (iii) one promissory
note designated Promissory Note A-3 made by the Mortgage Loan Borrower in favor of UBS AG, New York Branch in the original principal
amount of $15,000,000.00 and (iv) one promissory note designated Promissory Note A-4 made by the Mortgage Loan Borrower in favor
of GSMC in the original principal amount of $70,000,000.00. The note referenced in clause (i) of the preceding sentence,
as amended, modified or supplemented, is referred to herein as “Note A-1”; the note referenced in clause
(ii) of the preceding sentence, as amended, modified or supplemented, is referred to herein as “Note A-2”;
the note referenced in clause (iii) of the preceding sentence, as amended, modified or supplemented, is referred to herein
as “Note A-3”; and the note referenced in clause (iv) of the preceding sentence, as amended, modified
or supplemented, is referred to herein as “Note A-4”. Note A-1, Note A-2, Note A-3 and Note A-4 are collectively
referred to herein as the “Notes”. The Notes are secured by a first mortgage (as amended, modified or supplemented,
the “Mortgage”) on certain real property located as described on the Mortgage Loan Schedule (the “Mortgaged
Property”);

 

WHEREAS, the Initial
Note A-2 Holder and the Initial Note A-3 Holder each intends to sell, transfer and assign its respective right, title and interest
in and to Note A-2 and Note A-3 to Wells Fargo Commercial Mortgage Securities, Inc. (“Wells Fargo”) pursuant
to a Mortgage Loan Purchase Agreement expected to be entered into in connection with the Wells Fargo Commercial Mortgage Trust
2016-NXS6, Commercial Mortgage Pass-Through Certificates, Series 2016-NXS6 transaction, between Wells Fargo, as purchaser, and
the Initial

 

    -1-

     

    

 

Note A-2 Holder and the Initial Note A-3 Holder, as seller, and Wells Fargo intends to transfer its right, title and
interest in and to Note A-2 and Note A-3 to Wilmington Trust, National Association, as trustee for Wells Fargo Commercial Mortgage
Trust 2016-NXS6 under a pooling and servicing agreement, expected to be dated as of October 1, 2016 (the “Note A-2 PSA”
and the “Note A-3 PSA”), among Wells Fargo, as depositor, Wells Fargo Bank, National Association, as master
servicer, CWCapital Asset Management LLC, as special servicer, Trimont Real Estate Advisors, LLC, as operating advisor and asset
representations reviewer, Wilmington Trust, National Association, as trustee and Wells Fargo Bank, National Association, as certificate
administrator, certificate registrar, authenticating agent and custodian;

 

WHEREAS, the Initial
Note A-4 Holder intends to sell, transfer and assign its right, title and interest in and to Note A-4 to GS Mortgage Securities
Corporation II (“GSMSC”) pursuant to a Mortgage Loan Purchase Agreement expected to be dated as of September
1, 2016, between GSMSC, as purchaser, and the Initial Note A-4 Holder, as seller, and GSMSC intends to transfer its right, title
and interest in and to Note A-4 to Wells Fargo Bank, National Association, as trustee for GS Mortgage Securities Trust 2016-GS3
under a pooling and servicing agreement, expected to be dated as of September 1, 2016 (the “Note A-4 PSA”),
among GSMSC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital
Advisors, LLC, as a special servicer, Trimont Real Estate Advisors, LLC, as a special servicer, Pentalpha Surveillance LLC, as
operating advisor and asset representations reviewer, Wells Fargo Bank, National Association, as trustee and Wells Fargo Bank,
National Association, as certificate administrator, certificate registrar, authenticating agent and custodian;

 

WHEREAS, the Initial
Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder and the Initial Note A-4 Holder desire to enter into
this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold Note A-1, Note A-2, Note
A-3 and Note A-4, respectively;

 

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

 

Section
1.          Definitions. References to a “Section” or the “recitals” are, unless
otherwise specified, to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall
have the meaning ascribed thereto in the Lead Securitization Servicing Agreement. Whenever used in this Agreement, the
following terms shall have the respective meanings set forth below unless the context clearly requires otherwise. Whenever a
term is defined as having the meaning set forth in the Lead Securitization Servicing Agreement or substantially similar
language, it shall be deemed to refer to the definition of such term (or if no such definition exists, the definition of any
term substantially similar thereto) as is set forth in the Lead Securitization Servicing Agreement.

 

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

 

    -2-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Commission”
shall have the meaning assigned to such term in Exhibit D to this Agreement.

 

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

 

    -3-

     

    

 

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

 

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

 

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

 

“Controlling
Note” shall mean Note A-1.

 

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in a Securitization, the rights of the “Controlling Note Holder” may be exercised by the holders of the majority
of the class of securities issued in the Lead Securitization designated as the “controlling class” or such other class(es)
or party otherwise assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to
the extent provided in the Lead Securitization Servicing Agreement. If at any time 50% or more of the Controlling Note is held
by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, the Controlling Note Holder (and such party assigned
the rights to exercise the rights of the “Controlling Note Holder” as described above) shall not be entitled to exercise
any rights of the Controlling Note Holder and neither the Controlling Note Holder nor any other person shall be entitled to exercise
the rights of the Controlling Note Holder (and if the Controlling Note is included in a Securitization the related Securitization
Servicing Agreement shall contain limitations on the rights of the Controlling Note Holder that can be exercised by a certificateholder
that is the Mortgage Loan Borrower or has certain relationships with the Mortgage Loan Borrower).

 

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

 

“Custodian”
shall mean the custodian under the Lead Securitization Servicing Agreement.

 

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

 

“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, the depositor under the Note A-1 PSA, (ii) with respect to the Note
A-2 Securitization, the depositor under the Note A-2 PSA, (iii) with respect to the Note A-3 Securitization, the depositor under
the Note A-3 PSA and (iv) with respect to the Note A-4 Securitization, the depositor under the Note A-4 PSA.

 

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

 

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

 

    -4-

     

    

 

“First Securitization”
shall mean the earliest to occur of the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization and the
Note A-4 Securitization.

 

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

 

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

 

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

 

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

 

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

 

“Initial Note
A-3 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Initial Note
A-4 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

 

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

 

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

 

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

 

“Interested
Person” shall mean the Depositor, any Non-Lead Depositor, the Master Servicer, any Non-Lead Master Servicer, the Special
Servicer, any Non-Lead Special

 

    -5-

     

    

 

Servicer, the Trustee, any Non-Lead Trustee, any Mortgage Loan Borrower, any manager of any Mortgaged
Property, any independent contractor engaged by any of the foregoing parties, the Controlling Note Holder, the Controlling Note
Holder Representative, any Non-Controlling Note Holder, any Non-Controlling Note Holder Representative, any holder of a related
mezzanine loan, or any known Affiliate of any such party described above.

 

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

 

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

 

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

 

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

 

“Lead Securitization
Controlling Class Representative” shall mean the “Controlling Class Representative” as defined in the Lead
Securitization Servicing Agreement.

 

“Lead Securitization
Note” shall mean (a) during the period from and after the earliest of the Note A-2 Securitization Date, the Note A-3
Securitization Date and the Note A-4 Securitization Date, but prior to the Note A-1 Securitization Date, Note A-2, Note A-3 or
Note A-4, as applicable; and (b) on and after the Note A-1 Securitization Date, Note A-1.

 

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

 

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

 

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

 

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

 

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

 

    -6-

     

    

 

“Master Servicer
Remittance Date” shall mean the “Master Servicer Remittance Date” (or analogous term) as defined in the Lead
Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of August 15, 2016, between UBS AG, New York Branch, as lender, GSMC,
as lender, and the Mortgage Loan Borrower, as the same may be further amended, restated, supplemented or otherwise modified from
time to time, subject to the terms hereof.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Controlling
Note” means each of Note A-2, Note A-3 and Note A-4 and any New Note designated as a “Non-Controlling Note”
hereunder pursuant to Section 33.

 

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, the consultation and other rights of the “Non-Controlling Note Holder” herein
may be exercised by the directing certificateholder under the Non-Lead Securitization Servicing Agreement or any other party assigned
the rights to exercise the rights of a “Non-Controlling Note Holder” hereunder as and to the extent provided in the
related Non-Lead Securitization Servicing

 

    -7-

     

    

 

Agreement and as to the identity of which the Lead Securitization Note Holder (and the
Master Servicer and the Special Servicer) has been given written notice. If at any time 50% or more of a Non-Controlling Note is
held by (or the majority “controlling class” holder or other party assigned the rights to exercise the rights of such
“Non-Controlling Note Holder” (as described above) is) the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan
Borrower, such Non-Controlling Note Holder shall not be entitled to exercise any rights of the Non-Controlling Note Holder and
neither any Non-Controlling Note Holder nor any other person shall be entitled to exercise the rights of such Non-Controlling Note
Holder (and if the Non-Controlling Note is included in a Securitization the related Securitization Servicing Agreement shall contain
limitations on the rights of any Non-Controlling Note Holder that can be exercised by a certificateholder that is the Mortgage
Loan Borrower or has certain relationships with the Mortgage Loan Borrower).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead Securitization”
shall mean, on and after the Note A-1 Securitization Date, the Note A-2 Securitization, the Note A-3 Securitization and the Note
A-4 Securitization, as applicable.

 

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

 

    -8-

     

    

 

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

 

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

 

“Non-Lead Securitization
Servicing Agreement” shall mean, on and after the Note A-1 Securitization Date, the Note A-2 PSA, the Note A-3 PSA and
the Note A-4 PSA, as applicable.

 

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

 

“Non-Lead Sponsor”
shall mean, with respect to any Non-Lead Securitization Note, the related Holder that acts as the sponsor with respect to such
Non-Lead Securitization Note in connection with the related Non-Lead Securitization.

 

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

 

“Non-Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder that is not a Securitizing Note Holder with
respect to such Securitization.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    -9-

     

    

 

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

 

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

 

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

 

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

 

“Note A-2 Master
Servicer” shall mean the master servicer under the Note A-2 PSA.

 

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

 

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

 

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

 

“Note A-2 Securitization
Date” shall mean the closing date of the Note A-2 Securitization.

 

“Note A-2 Special
Servicer” shall mean the special servicer under the Note A-2 PSA.

 

“Note A-2 Trustee”
shall mean the trustee under the Note A-2 PSA.

 

“Note A-2 Trust
Fund” shall mean the trust formed pursuant to the Note A-2 PSA.

 

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

 

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

 

“Note A-3 Master
Servicer” shall mean the master servicer under the Note A-3 PSA.

 

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

 

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

 

    -10-

     

    

 

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

 

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

 

“Note A-3 Special
Servicer” shall mean the special servicer under the Note A-3 PSA.

 

“Note A-3 Trustee”
shall mean the trustee under the Note A-3 PSA.

 

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

 

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

 

“Note A-4 Holder”
shall mean the Initial Note A-4 Holder or any subsequent holder of Note A-4, as applicable.

 

“Note A-4 Master
Servicer” shall mean the master servicer under the Note A-4 PSA.

 

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

 

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

 

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

 

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

 

“Note A-4 Special
Servicer” shall mean the special servicer under the Note A-4 PSA.

 

“Note A-4 Trustee”
shall mean the trustee under the Note A-4 PSA.

 

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

 

“Note Holder
Representative” shall mean a Controlling Note Holder Representative or a Non-Controlling Note Holder Representative,
as applicable (including any Lead Securitization Controlling Class Representative and any “directing certificateholder”,

 

    -11-

     

    

 

“controlling class representative” or similar person acting pursuant to a Securitization Servicing Agreement on behalf
of the Controlling Note Holder or the Non-Controlling Note Holder, as the case may be).

 

“Note Holders”
shall mean collectively, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder.

 

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

 

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

 

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

 

“Operating Advisor”
shall mean the trust advisor, operating advisor or other analogous term appointed as provided in the Lead Securitization Servicing
Agreement.

 

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

 

“Percentage
Interest” shall mean, (a) with respect to the Note A-1 Holder, a fraction, expressed as a percentage, the numerator of
which is the Note A-1 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2
Principal Balance, the Note A-3 Principal Balance and the Note A-4 Principal Balance, (b) with respect to the Note A-2 Holder,
a fraction, expressed as a percentage, the numerator of which is the Note A-2 Principal Balance and the denominator of which is
the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance and the Note A-4 Principal
Balance, (c) with respect to the Note A-3 Holder, a fraction, expressed as a percentage, the numerator of which is the Note A-3
Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the
Note A-3 Principal Balance and the Note A-4 Principal Balance and (d) with respect to the Note A-4 Holder, a fraction, expressed
as a percentage, the numerator of which is the Note A-4 Principal Balance and the denominator of which is the sum of the Note A-1
Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance and the Note A-4 Principal Balance.

 

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

 

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

 

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

 

    -12-

     

    

 

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

 

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

 

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

 

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

 

(c)            one
or more of the following:

 

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

 

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

 

(iii)          a
Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized debt obligations (“CDO”)
secured by, or (c) a financing through an “owner trust” of, a Note or any interest therein (any of the foregoing, a
“Securitization Vehicle”), provided that (1) one or more classes of securities issued by such Securitization
Vehicle is initially rated at least investment grade by each of the Rating Agencies that assigned a rating to one or more classes
of securities issued in connection with that Securitization (it being understood that with respect to any Rating Agency that assigned
such a rating to the securities issued by such Securitization Vehicle, a Rating Agency Confirmation will not be required in connection
with a transfer of such Note or any interest therein to such Securitization Vehicle); (2) in the case of a Securitization Vehicle
that is not a CDO, the special servicer of such

 

    -13-

     

    

 

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

 

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

 

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

 

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

 

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

 

“Qualified Trustee”
means (i) a corporation, national bank, national banking association or a trust company, organized and doing business under the
laws of any state or the

 

    -14-

     

    

 

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

 

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

 

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

 

“Rating Agency
Confirmation” shall mean, with respect to any Securitization, a confirmation in writing by each of the applicable Rating
Agencies for such Securitization that the occurrence of the event with respect to which such Rating Agency Confirmation is sought
shall not result in a downgrade, qualification or withdrawal of the applicable rating or ratings ascribed by such Rating Agency
to any of the securities issued pursuant to such Securitization that are then outstanding. If no such securities are outstanding
with respect to any Securitization, any action that would otherwise require a Rating Agency Confirmation shall instead require
the consent of the Lead Securitization Note Holder, which consent shall not be unreasonably withheld or delayed. For the purposes
of this Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise engage any request for Rating Agency
Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition
that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes of clarity,
any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency Confirmation hereunder
shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for a Rating Agency
Confirmation hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall
apply regardless of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

 

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

 

    -15-

     

    

 

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

 

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

 

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

 

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

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special
Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more loans included
in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period prior to the date
of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial mortgage
securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special
servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking by Morningstar
equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not issued a ranking with
respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage loan securitization
that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and Morningstar has not
downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial
mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities,
(v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS,
such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within
the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating
on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or
withdrawal.

 

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

 

    -16-

     

    

 

“Scheduled Interest
Payment” shall mean the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

 

“Scheduled Principal
Payment” shall mean the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

 

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

 

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization or the Note A-4 Securitization,
as applicable.

 

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

 

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

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

 

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

 

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

 

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

 

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

 

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

 

“Servicing Standard”
shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement. The Servicing
Standard in the Lead Securitization Servicing Agreement shall require, among other things, that each Servicer, in servicing the
Mortgage Loan, must take into account the interests of each Note Holder.

 

    -17-

     

    

 

“Special Servicer”
shall mean the special servicer or excluded mortgage loan special servicer, as applicable, appointed as provided in the Lead Securitization
Servicing Agreement.

 

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

 

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

 

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

 

“UBS AG, New
York Branch” shall have the meaning assigned to such term in the preamble to this Agreement.

 

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

 

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

 

Section 2.          Servicing
of the Mortgage Loan.

 

(a)            Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced by the Master
Servicer and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement; provided
that the Master Servicer shall not be obligated to advance monthly payments of principal or interest in respect of any Note other
than the Lead Securitization Note if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated
to advance delinquent real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property
and maintenance and enforcement of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing
Agreement. Each Note Holder acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a
Securitization and agrees that it will, subject to Section 27, reasonably cooperate with such other Note Holder, at such
other Note Holder’s expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note
Holder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer and the Trustee under the Lead
Securitization Servicing Agreement by the Depositor and the appointment of the Special Servicer by the Controlling Note Holder
and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage
Loan in accordance with the Lead Securitization Servicing Agreement. Each Note Holder hereby

 

    -18-

     

    

 

appoints the Master Servicer, the
Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents
reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization
Servicing Agreement (subject at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing
Agreement). The Lead Securitization Servicing Agreement shall not limit the Servicer in enforcing the rights of one Note Holder
against any other Note Holder as may be required in order to service the Mortgage Loan as contemplated by this Agreement and the
Lead Securitization Servicing Agreement; provided, that it is also understood and agreed that nothing in this sentence shall
be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required
pursuant to the Lead Securitization Servicing Agreement (i) to service the Mortgage Loan in accordance with the Servicing Standard,
the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, (ii) to provide information
to each servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each such servicer to perform its servicing
duties under such Non-Lead Securitization Servicing Agreement, and (iii) to not take any action or refrain from taking any action
or follow any direction inconsistent with the foregoing.

 

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

 

(b)            The
Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee to the extent
provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to the terms of the Lead Securitization
Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii) P&I Advances on the Lead Securitization
Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement for a Servicing
Advance, first, from funds on deposit in the Collection Account (as defined in the Lead Securitization Servicing Agreement)
and/or the related Serviced Companion Loan

 

    -19-

     

    

 

Custodial Account (as defined in the Lead Securitization Servicing Agreement) for the
Mortgage Loan that (in any case) represent amounts received on or in respect of the Mortgage Loan, and then, in the case
of Servicing Advances that are Nonrecoverable Advances, if such funds on deposit in the Collection Account and the related Serviced
Companion Loan Custodial Account are insufficient, from general collections of the Lead Securitization as provided in the Lead
Securitization Servicing Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to reimbursement for Advance Interest on a Servicing Advance (including any Nonrecoverable Advance) in the manner and from the
sources provided in the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization.
Notwithstanding the foregoing, to the extent the Master Servicer, the Special Servicer or the Trustee, as applicable, obtains funds
from general collections of the Lead Securitization as a reimbursement for a Servicing Advance that is a Nonrecoverable Advance
or any Advance Interest on a Servicing Advance (including any Nonrecoverable Advance), each Non-Lead Securitization Note Holder
(including any Securitization Trust into which such Non-Lead Securitization Note is deposited) shall be required to, promptly following
notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable Advance
or Advance Interest.

 

In addition, any Non-Lead
Securitization Note Holder (including, but not limited to, any Securitization Trust into which such Non-Lead Securitization Note
is deposited) shall be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization for such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses
incurred in connection with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, the Operating Advisor, the Depositor or CREFC®, as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement, to the extent amounts on deposit in the related
Serviced Companion Loan Custodial Account are insufficient for reimbursement of such amounts. Each Non-Lead Securitization Note
Holder agrees to indemnify (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following
parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the Lead Securitization Servicing
Agreement) each of the Depositor under the Lead Securitization Servicing Agreement, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee and the Operating Advisor (and any director, officer, member, manager, employee or agent
of any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization Servicing
Agreement in respect of other mortgage loans) (the “Indemnified Parties”) against any claims, losses, penalties,
fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection
with the servicing and administration of the Mortgage Loan and the Mortgaged Property (or, with respect to the Operating Advisor,
incurred in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement
(collectively, the “Indemnified Items”) to the extent of its pro rata share of such Indemnified Items,
and to the extent amounts on deposit in the related Serviced Companion Loan Custodial Account are insufficient for reimbursement
of such amounts, each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the Master Servicer,
the Special Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the
insufficiency; provided, that a Non-Lead Securitization Note Holder’s duty to pay Indemnified Items to the Operating
Advisor shall be subject to any

 

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limitations and conditions (including limitations and conditions with respect to the timing of
such payments and the sources of funds for such payments) as may be set forth from time to time in a Non-Lead Securitization Servicing
Agreement with respect to the Non-Lead Operating Advisor.

 

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

 

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

 

(i)            such
Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Servicing Advances that are Nonrecoverable
Advances (and Advance Interest thereon) and any Additional Trust Expenses, but only to the extent that they relate to servicing
and administration of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, Liquidation
Fees and Workout Fees relating to the Notes, and that in the event that the funds received with respect to each respective Note
are insufficient to cover such Servicing Advances or Additional Trust Expenses, (x) the related Non-Lead Master Servicer will be
required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, pay or reimburse, pay or
reimburse the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, out of general
collections in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing Agreement
for such Non-Lead Securitization Note Holder’s pro rata share of any such Servicing Advances that are Nonrecoverable
Advances and/or Additional Trust Expenses, and (y) if the Lead Securitization Servicing Agreement permits the Master Servicer,
the Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor to reimburse itself from the Lead Securitization
Trust’s general collections, then the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or
the Operating Advisor, as applicable, may do so and the related Non-Lead Master Servicer will be required to, promptly following
notice from the Master Servicer, the Special Servicer or the Trustee, pay or reimburse the Lead Securitization Trust out of general
collections in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing Agreement
for such Non-Lead Securitization Note Holder’s pro rata share of any such Servicing Advances that are Nonrecoverable
Advances (and Advance Interest thereon) and/or Additional Trust Expenses;

 

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

 

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

 

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

 

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

 

(e)            In
addition to the foregoing, each Securitization Servicing Agreement shall contain terms and conditions that are customary for securitization
transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax
elections of the trust fund formed pursuant to such Securitization Servicing Agreement, (ii) required by law or changes in any
law, rule or regulation or (iii) requested by the Rating Agencies rating the related Securitization. Each Non-Lead Securitization
Note Holder shall have the right to designate the Non-Lead Master Servicer and Non-Lead Special Servicer with respect

 

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to the Securitization
related to its Note, as long as each such Servicer satisfies the conditions to be the master servicer or special servicer, as applicable,
set forth in the Lead Securitization Servicing Agreement. Without limiting the generality of any provision set forth above, for
purposes of the Mortgage Loan, the Lead Securitization Servicing Agreement shall contain (a) provisions requiring the Master Servicer
and the Special Servicer to maintain, or subjecting them to possible termination for not maintaining, compliance with customary
servicer rating criteria (but the rating agencies need not be the same) and, subject to Section 2(g), (b) provisions substantially
similar in all material respects to or materially consistent with those set forth in Note A-4 PSA with respect to (i) periodic
reporting and periodic delivery of service provider compliance documents under Regulation AB (and, in any event, each Securitization
Servicing Agreement shall require such reporting and delivery so long as the Lead Securitization is required to file periodic reports
under the Securities Exchange Act of 1934, as amended), (ii) servicing transfer events that would result in the transfer of the
Mortgage Loan to special servicing status, (iii) the authority of the Controlling Note Holder (or the Master Servicer or Special
Servicer on its behalf) to grant or agree or consent to material modifications and waivers of amendments to the Mortgage Loan,
or to approve material assignments and assumptions or material additional indebtedness in connection with the Mortgage Loan, (iv)
the potential termination of the Master Servicer and Special Servicer following a Servicer Termination Event, (v) requirements
to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status and periodic updates
thereof, (vi) duties of the Special Servicer in respect of foreclosure and the management of REO property, (vii) primary servicing
fees, (viii) subject to certain applicable caps and floor provisions, special servicing, workout and liquidation fees (and, in
any event, the fees at which such compensation accrue or are determined shall not exceed 0.25% (or, if such rate would result in
a special servicing fee that would be less than $2,000 in any given month, such higher rate as would result in a special servicing
fee equal to $2,000), 1.00% and 1.00%, respectively) and (ix) indemnification of the Depositor, Master Servicer, Special Servicer,
Certificate Administrator, Trustee and Operating Advisor under the Lead Securitization Servicing Agreement (and any director, officer,
employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties in the Lead Securitization
Servicing Agreement in respect of other mortgage loans) against any claims, losses, penalties, fines, forfeitures, legal fees and
related costs, judgments and any other costs, liabilities, fees and expenses incurred in connection with servicing and administration
of the Mortgage Loan (or, with respect to the related operating advisor, incurred in connection with the provision of services
for the Mortgage Loan) to the same extent that the Indemnified Parties are indemnified under the Lead Securitization Servicing
Agreement against the Indemnified Items; provided, that (A) this statement shall not be construed to prohibit differences
in timing, control or consultation triggers or thresholds, terminology, allocation of ministerial duties between multiple servicers
or other service providers or certificateholder or investor voting or consent thresholds, or to prohibit or restrict additional
approval, consent, consultation, notice or rating agency communication and rating agency confirmation requirements; and (B) if
there is any conflict between this sentence and any other provision of this Agreement, such other provision of this Agreement shall
control.

 

(f)            The
Lead Securitization Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring the Master
Servicer to deliver to any Non-Lead Master Servicer, any Non-Lead Special Servicer and any Non-Lead Trustee (i) notice of any Appraisal
Event promptly following the occurrence thereof and (ii) a statement of any

 

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Appraisal Reduction or Collateral Deficiency Amount
(if the Lead Securitization Servicing Agreement provides for calculation of any Collateral Deficiency Amount) promptly following
the calculation thereof.

 

(g)            The
Lead Securitization Servicing Agreement shall contain the provisions as set forth on Exhibit D to this Agreement (and to the extent
such provisions are not included in the Lead Securitization Servicing Agreement, such provisions shall be deemed incorporated therein
and made a part thereof).

 

Section
3.          Priority of Payments. Each Note shall be of equal priority, and no portion of any Note shall
have priority or preference over any portion of any other Note or security therefor. All amounts tendered by the Mortgage
Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or the
Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Scheduled Interest Payments,
Scheduled Principal Payments, any proceeds from the sale or distribution of any REO Property, the Balloon Payment,
Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage
Loan, Condemnation Proceeds, or Insurance Proceeds (other than proceeds, awards or settlements to be applied to the
restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the
Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), shall be applied by the Lead Securitization Note
Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis; provided, that (x) all amounts for
required reserves or escrows required by the Mortgage Loan Documents (to the extent and in accordance with the terms of the
Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on account of recoveries in respect
of property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer
under the Lead Securitization Servicing Agreement shall be applied to the extent set forth in, and in accordance with the
terms of, the Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer with
respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and any other additional compensation
payable to it thereunder (including without limitation, any Additional Trust Expenses relating to the Mortgage Loan (but
subject to the second paragraph of Section 5(d) hereof) reimbursable to, or payable by, such parties and any Special
Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges (to the extent provided in the immediately following
paragraph), but excluding (i) any P&I Advances (and interest thereon) on the Lead Securitization Note, which shall be
reimbursed in accordance with Section 2(b) hereof, and (ii) any Master Servicing Fees due to the Master Servicer in
excess of each Non-Lead Securitization Note’s pro rata share of that portion of such servicing fees calculated
at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization
Servicing Agreement, which such excess shall not be subject to the allocation provisions of this Section 3) shall be
payable in accordance with the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

Section 5.          Administration
of the Mortgage Loan.

 

(a)            Subject
to this Agreement (including, without limitation, Section 5(c)) and the Lead Securitization Servicing Agreement and subject
to the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), shall have the sole and exclusive authority
with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without
limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or to consent to any action or
failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default,
accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and no Non-Lead Securitization Note Holder shall
have any voting, consent or other rights whatsoever except as explicitly set forth herein with respect to the Lead Securitization
Note Holder’s administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this
Agreement and the Lead Securitization Servicing Agreement, no Non-Lead Securitization Note Holder shall have any right to, and
each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys to the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) the rights, if any, that such Note Holder has
from and after the initial Securitization Date to, (i) call, or cause the Lead Securitization Note Holder to call, an Event of
Default under

 

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

 

Each Note Holder hereby
acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead
Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan, to sell the Notes together as notes evidencing one
whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection with any such sale, the Special
Servicer shall be required to sell the Notes together as notes evidencing one whole loan and shall require that all offers be submitted
to the Special Servicer in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by
the Special Servicer (unless the offeror is an Interested Person, in which case the Trustee shall make such determination); provided,
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
two bona fide other offers are received from independent third parties. In determining whether any offer received represents
a fair price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall be supplied with and shall rely on
the most recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement within
the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The Trustee shall select the
appraiser conducting any such new Appraisal. In determining whether any such offer constitutes a fair price for the Mortgage Loan,
the Trustee or the Special Servicer, as applicable, shall instruct the appraiser to take into account (in addition to the results
of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead Securitization Servicing Agreement), as applicable,
among other factors, the period and amount of any delinquency on the affected Mortgage Loan, the occupancy level and physical condition
of the related Mortgaged Property and the state of the local economy. The Trustee may conclusively rely on the opinion of an Independent
appraiser or other Independent expert in real estate matters retained by the Trustee at the expense of the Holders in connection
with making such determination. Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Special Servicer acting
on its behalf) shall not be permitted to sell the Mortgage Loan without the written consent of each Non-Lead Securitization Note
Holder (unless with respect to each Non-Lead Securitization Note Holder, 50% or more of the related Note (or the class of securities
issued in the applicable Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise
assigned the rights to exercise the rights of the “Controlling Note Holder” is held by the Mortgage Loan Borrower or
an Affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered to each Non-Lead Securitization Note Holder:
(a) at least fifteen (15) Business Days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least
ten (10) days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages) received
by the Special Servicer in connection with any such proposed sale; (c) at least ten (10) days prior to the proposed sale date,
a copy of the most recent Appraisal for the Mortgage Loan, and any

 

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documents in the Servicer Mortgage File requested by such Non-Lead
Securitization Note Holder; and (d) until the sale is completed, and a reasonable period of time (but no less time than is afforded
to other offerors and the related Lead Securitization Controlling Class Representative prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by the Master Servicer
or the Special Servicer in connection with the proposed sale; provided, that such Non-Lead Securitization Note Holder may waive
any of the delivery or timing requirements set forth in this sentence. Subject to the foregoing, each Note Holder or its Note Holder
Representative shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower
or an agent or Affiliate of the Mortgage Loan Borrower.

 

Each Note Holder (to
the extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder
as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and
its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Note. Each Note Holder (to the
extent it is not the same entity as the Lead Securitization Note Holder) further agrees that, upon the request of the Lead Securitization
Note Holder, such Note Holder shall execute and deliver to or at the direction of Lead Securitization Note Holder such powers of
attorney or other instruments as the Lead Securitization Note Holder may reasonably request to better assure and evidence the foregoing
appointment and grant, in each case promptly following request, and shall deliver its original Note, endorsed in blank, to or at
the direction of the Lead Securitization Note Holder in connection with the consummation of any such sale.

 

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

 

(b)            The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan
(or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant
to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance with the
Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall

 

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cause the Master Servicer and the Special Servicer
to service and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each
Note Holder. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing Agreement. All rights and obligations
of the Lead Securitization Note Holder described hereunder may be exercised by the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee on behalf of the Lead Securitization Note Holder to the extent set forth in the Lead Securitization
Servicing Agreement. The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any
Non-Lead Securitization Note Holder in its capacity as Non-Lead Securitization Note Holder without such Non-Lead Securitization
Note Holder’s prior written consent. Each Non-Lead Securitization Note Holder (unless it is the same Person as, or is an
Affiliate of, the Mortgage Loan Borrower) shall be a third-party beneficiary to the Lead Securitization Servicing Agreement with
respect to its rights as specifically provided for therein.

 

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

 

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consultation rights of each Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Master Servicer
or Special Servicer, acting on its behalf) may take any Major Decision or any action set forth in the Asset Status Report before
the expiration of the aforementioned ten (10) Business Day period if the Lead Securitization Note Holder (or Master Servicer or
Special Servicer, as applicable) determines that immediate action with respect thereto is necessary to protect the interests of
the Note Holders. In no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting on its
behalf) be obligated at any time to follow or take any alternative actions recommended by the Non-Controlling Note Holder (or its
Non-Controlling Note Holder Representative).

 

In addition to the consultation
rights provided in the immediately preceding paragraph, each Non-Controlling Note Holder shall have the right to annual meetings
(which may be held telephonically) with the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf), upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable,
in which servicing issues related to the Mortgage Loan are discussed.

 

(d)            If
any Note is included as an asset of a REMIC within the meaning of Section 860D(a) of the Code, then, any provision of this Agreement
to the contrary notwithstanding: (i) the Mortgage Loan shall be administered such that the Notes shall qualify at all times as
(or as interests in) a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any real property
(and related personal property) acquired by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power of
sale or delivery of a deed in lieu of foreclosure of the Mortgage or lien on such property following a default on the Mortgage
Loan shall be administered so that the interest of the pro rata share of each Note Holder therein shall at all times qualify
as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code and (iii) no Servicer may modify, waive
or amend any provision of the Mortgage Loan, consent to or withhold consent from any action of the Mortgage Loan Borrower, or exercise
or refrain from exercising any powers or rights which the Note Holders may have under the Mortgage Loan Documents, if any such
action would constitute a “significant modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b)
of the regulations of the United States Department of the Treasury, more than three (3) months after the startup day of the REMIC
which includes the Notes (or any portion thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected
by compliance with any REMIC related provisions in the Lead Securitization Servicing Agreement relating to the administration of
the Mortgage Loan. All costs and expenses of compliance with this Section 5(d), to the extent that such costs and expenses
relate to administration of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC
Provisions or the actual payment of any REMIC tax or expense, shall be borne by all of the Note Holders collectively, each contributing
on a pro rata and pari passu basis according to the Percentage Interest represented by each Note.

 

Anything herein or in
the Lead Securitization Servicing Agreement to the contrary notwithstanding, if one of the Notes is included in a REMIC and another
is not, such other Note Holder shall not be required to reimburse such Note Holder or any other Person for payment of (i) any taxes
imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC or to any determination respecting
the amount, payment or

 

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avoidance of any tax under such REMIC or (iii) any advances for any of the foregoing or any interest thereon
or for deficits in other items of disbursement or income resulting from the use of funds for payment of any such taxes, costs or
expenses or advances, nor shall any disbursement or payment otherwise distributable to any other Note Holder be reduced to offset
or make-up any such payment or deficit.

 

Section 6.          Rights
of the Controlling Note Holder.

 

(a)            The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative. When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling
Note Holder may, at its option, in each case, act through the Controlling Note Holder Representative. The Controlling Note Holder
Representative may be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower),
including, without limitation, the Controlling Note Holder, any officer or employee of the Controlling Note Holder, any affiliate
of the Controlling Note Holder or any other unrelated third party. No such Controlling Note Holder Representative shall owe any
fiduciary duty or other duty to any other Person (other than the Controlling Note Holder). All actions that are permitted to be
taken by the Controlling Note Holder under this Agreement may be taken by the Controlling Note Holder Representative acting on
behalf of the Controlling Note Holder. Any Servicer acting on behalf of the Lead Securitization Note Holder shall not be required
to recognize any Person as a Controlling Note Holder Representative until the Controlling Note Holder has notified such Servicer
or Trustee of such appointment and, if the Controlling Note Holder Representative is not the same Person as the Controlling Note
Holder, the Controlling Note Holder Representative provides any Servicer or Trustee with written confirmation of its acceptance
of such appointment, an address and telecopy number for the delivery of notices and other correspondence and a list of officers
or employees of such person with whom the parties to this Agreement may deal (including their names, titles, work addresses and
telecopy numbers). The Controlling Note Holder shall promptly deliver such information to any Servicer. None of the Servicers,
Operating Advisor and Trustee shall be required to recognize any person as a Controlling Note Holder Representative until they
receive such information from the Controlling Note Holder. The Controlling Note Holder agrees to inform each such Servicer or Trustee
of the then-current Controlling Note Holder Representative.

 

(b)            The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder and the rights
and powers granted to the Lead Securitization Controlling Class Representative with respect to the Mortgage Loan (assuming that
a “Subordinate Control Period” or similar period under, and as defined in, the Lead Securitization Servicing Agreement
is in effect). In addition, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect to all
matters related to the Mortgage Loan if it is a Specially Serviced Mortgage Loan and (2) the Special Servicer with respect to all
matters for which the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and, except as set forth
below (i) the Master Servicer shall not be permitted to implement any Major Decision unless it has obtained the prior written consent
of the Special Servicer and (ii) the Special Servicer shall not be permitted to consent to the Master Servicer’s

 

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implementing
any Major Decision nor will the Special Servicer itself be permitted to implement any Major Decision as to which the Controlling
Note Holder has objected in writing within ten (10) Business Days (or thirty (30) days with respect to an Acceptable Insurance
Default) after receipt of the written recommendation and analysis and such additional information requested by the Controlling
Note Holder as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment with respect
to such Major Decision. The Controlling Note Holder may also direct the Special Servicer to take, or to refrain from taking, such
other actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

 

If the Controlling Note
Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision within ten (10) Business
Days (or thirty (30) days with respect to an Acceptable Insurance Default) after delivery to the Controlling Note Holder by the
applicable Servicer of written notice of a proposed Major Decision (which notice shall contain a legend, in conspicuous boldface
type, substantially similar to the following: “THIS IS A REQUEST FOR ACTION APPROVAL. IF THE CONTROLLING NOTE HOLDER FAILS
TO APPROVE OR DISAPPROVE THE ENCLOSED ACTION WITHIN TEN (10) BUSINESS DAYS, SUCH ACTION MAY BE DEEMED APPROVED”) together
with any information requested by the Controlling Note Holder as may be necessary in the reasonable judgment of the Controlling
Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day period (or thirty (30) days with
respect to an Acceptable Insurance Default), such Major Decision shall be deemed to have been approved by the Controlling Note
Holder.

 

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

 

No objection, direction,
consent or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as
applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement,
this Agreement, the REMIC Provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard.

 

(c)            Each
Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its
rights and obligations with respect to the Mortgage Loan (with respect to such Note Holder, the “Non-Controlling Note
Holder Representative”). All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder
Representative set forth in the first paragraph of this Section 6(a) (except those contained in the last sentence
thereof) and the second paragraph of this Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling
Note Holder Representative mutatis mutandis. Each Non-Controlling Note Holder Representative, as of the date of this Agreement
and until the Lead Securitization Note Holder (and the Master

 

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Servicer and the Special Servicer) is notified otherwise, shall be
the Initial Note A-2 Holder, the Initial Note A-3 Holder and the Initial Note A-4 Holder, as applicable, provided that at
any time a Non-Lead Securitization Note is included in a Securitization, references to the “Non-Controlling Note Holder”
herein shall mean the related “Directing Certificateholder”, “Directing Holder” or “Controlling Class
Representative” (or analogous term) under the Non-Lead Securitization or any other party assigned the rights to exercise
the rights of the related “Non-Controlling Note Holder” hereunder, as and to the extent provided in the related Non-Lead
Securitization Servicing Agreement and as to the identity of which the Lead Securitization Note Holder (and the Master Servicer
and the Special Servicer) has been given written notice.

 

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

 

(d)            The
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at
any time to deal with more than one party as the representative of the “controlling class” holder(s) in respect of
any Note that is exercising the rights of a “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing
Agreement (it being understood for the avoidance of doubt that the Lead Securitization Note Holder (or the Master Servicer or Special
Servicer on its behalf) may additionally need to deal with the master servicer, special servicer or other person party to the related
Securitization Servicing Agreement) and to the extent that the related Securitization Servicing Agreement assigns such rights to
more than one such party as the representative of the “controlling class” holder(s), for purposes of this Agreement,
such Securitization Servicing Agreement shall designate one such party to deal with the Lead Securitization Note Holder (or the
Master Servicer or the Special Servicer acting on its behalf) as the representative of the related “controlling class”
holder(s) in exercising its rights as a “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing
Agreement, and such party shall provide written notice of such designation to the Lead Securitization Note Holder (and the Master
Servicer and the Special Servicer acting on its behalf); provided that, in the absence of such designation and notice, the
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat
the last party as to which it has received written notice as having been designated as the applicable Non-Controlling Note Holder,
as the applicable Non-Controlling Note Holder under this Agreement.

 

(e)            No
Note Holder Representative will have any liability to any other Note Holder or any other Person for any action taken, or for refraining
from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or any
Securitization Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful
misfeasance, bad faith or gross negligence. The Note Holders agree that a Note Holder Representative may take or refrain from taking
actions, or give or refrain from giving consents, that favor the interests of one Note Holder over any other Note Holder, and that
any Note Holder Representative may have special relationships and interests

 

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that conflict with the interests of any other Note
Holder and, absent willful malfeasance, bad faith or gross negligence on the part of the Note Holder Representative, agree to take
no action against the Note Holder Representative or any of its officers, directors, employees, principals or agents as a result
of such special relationships or interests, and that no Note Holder Representative will be deemed to have been grossly negligent
or reckless, or to have acted in bad faith or engaged in willful malfeasance or to have recklessly disregarded any exercise of
its rights by reason of its having acted or refrained from acting, or having given any consent or having failed to give any consent,
solely in the interests of any Note Holder.

 

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

 

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Section 8.          Payment
Procedure.

 

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

 

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

 

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

 

(d)            Each
Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it shall promptly remit such excess to the applicable Note Holder, subject to this

 

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Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to offset any
amounts due hereunder from any Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future payments
due to such Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead Securitization Note Holder’s obligations
under this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.          Limitation on Liability of the Note Holders. No Note Holder shall have any liability to any
other Note Holder with respect to its Note except with respect to losses actually suffered due to the gross negligence,
willful misconduct or breach of this Agreement on the part of such Note Holder; provided, that, notwithstanding any of
the foregoing to the contrary, each Servicer will nevertheless be subject to the obligations and standards (including the
Servicing Standard) set forth in the related Securitization Servicing Agreement.

 

The Note Holders acknowledge
that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the Trustee on its behalf) to
comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including any Servicer
and the Trustee on its behalf) may exercise, or omit to exercise, any rights that the Lead Securitization Note Holder may have
under the Lead Securitization Servicing Agreement in a manner that may be adverse to the interests of any Non-Lead Securitization
Note Holder and that the Lead Securitization Note Holder (including any Servicer and the Trustee on its behalf) shall have no liability
whatsoever to any Non-Lead Securitization Note Holder in connection with the Lead Securitization Note Holder’s exercise of
rights or any omission by the Lead Securitization Note Holder to exercise such rights other than as described above; provided,
that each Servicer must act in accordance with the Servicing Standard and the terms of this Agreement.

 

Section
10.        Bankruptcy. Subject to Section 5(c), each Note Holder hereby
covenants and agrees that only the Lead Securitization Note Holder (or the Servicer on its behalf) has the right to
institute, file, commence, acquiesce, petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such
petition or otherwise invoke or cause any other Person to invoke an Insolvency Proceeding with respect to or against the
Mortgage Loan Borrower or seek to appoint a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar
official with respect to the Mortgage Loan Borrower or all or any part of its property or assets or ordering the winding-up
or liquidation of the affairs of the Mortgage Loan Borrower. Each Note Holder further agrees that only the Lead
Securitization Note Holder, and not any Non-Lead Securitization Note Holder, can make any election, give any consent,
commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or
against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby
appoint the Lead Securitization Note Holder as their agent, and grant to the Lead Securitization Note Holder an irrevocable
power of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking any
and all actions available to any Non-Lead Securitization Note Holder in connection with any case by or against the Mortgage
Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation, the right to
file and/or prosecute any claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the
Bankruptcy Code with respect to the Mortgage Loan, and to file a motion to modify, lift or

 

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terminate the automatic stay with
respect to the Mortgage Loan. The Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder,
each Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all
and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for
the better assuring and evidencing of the foregoing appointment and grant. All actions taken by any Servicer in connection
with any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard and the terms of this
Agreement.

 

Section
11.        Representations of the Note Holders. Each Note Holder represents
and warrants that the execution, delivery and performance of this Agreement is within its corporate powers, has been duly
authorized by all necessary corporate action, and does not contravene such Note Holder’s charter or any law or
contractual restriction binding upon such Note Holder, and that this Agreement is the legal, valid and binding obligation of
such Note Holder enforceable against such Note Holder in accordance with its terms, except as such enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights generally, and by general principles of equity (regardless of whether such enforceability is considered in a
proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and
contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that it is duly
organized, validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on its
business. Each Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note
Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or
with any court or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement
by such Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no pending
action, suit or proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of which
would materially and adversely affect its performance under this Agreement.

 

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

 

Section
13.        Other Business Activities of the Note Holders. Each Note Holder
acknowledges that each other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage
in any kind of business with, the Mortgage Loan Borrower or any

 

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Affiliate thereof, any entity that is a holder of debt
secured by direct or indirect ownership interests in the Mortgage Loan Borrower or Affiliate thereof or any entity any entity
that is a holder of a preferred equity interest in the Mortgage Loan Borrower Affiliate thereof or any entity (each, a
“Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of credit
to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the
same manner as if this Agreement and the transactions contemplated hereby were not in effect.

 

Section 14.        Sale
of the Notes.

 

(a)            Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute, encumber or otherwise dispose
of all or any portion of its respective Note (or a participation interest in such Note) (a “Transfer”) except
to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after any such Transfer, any non-transferring
Note Holders shall be provided with (x) a representation from each transferee or the transferring Note Holder certifying that such
transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately following sentence
or a Transfer by a Note Holder to an entity that constitutes a Qualified Institutional Lender pursuant to clause (c)(iii) of the
definition thereof) and (y) a copy of the assignment and assumption agreement referred to in Section 15 (unless the transferee
is a Securitization Trust and the related pooling and servicing agreement requires the parties thereto to comply with this Agreement).
If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional
Lender, it must first obtain the consent of each non-transferring Note Holder and, if any such non-transferring Note Holder’s
Note is held in a Securitization Trust, obtain a Rating Agency Confirmation from each of the applicable engaged Rating Agencies
for such Securitization Trust. Notwithstanding the foregoing, without each non-transferring Note Holder’s prior consent (which
will not be unreasonably withheld), and, if any such non-transferring Note Holder’s Note is held in a Securitization Trust,
without a Rating Agency from each of the applicable engaged Rating Agencies for such Securitization, no Note Holder shall Transfer
all or any portion of its Note (or a participation interest in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The
transferring Note Holder agrees that it shall pay the expenses of any non-transferring Note Holder (including all expenses of the
Master Servicer, the Special Servicer, the Trustee and any Controlling Note Holder or Controlling Note Holder Representative) and
all expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing,
unless the related Note is included in a Securitization, each Note Holder shall have the right, without the need to obtain the
consent of any other Note Holder, the Rating Agencies or any other Person, to Transfer 49% or less (in the aggregate) of its beneficial
interest in a Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of Note A-1 together with
Note A-2, Note A-3 and Note A-4, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement or
(2) a transfer by the Special Servicer, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement,
of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability
or limited partnership, 100% of the equity interest in which is owned directly or

 

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indirectly, through one or more single member
limited liability companies or limited partnerships, by the Lead Securitization Trust.

 

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

 

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

 

(c)            Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Note Holder and that is either
a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or
higher) rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions
set forth in this Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or
any person which Controls such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as
a “Pledge” hereunder, provided that a Note Pledgee which is not a Qualified Institutional Lender may
not take title to the pledged Note without a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to each
other Note Holder and any Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee),
each other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give Note Pledgee written notice
of any default by the pledging Note Holder in respect of its obligations under this Agreement of which default such Note Holder
has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in
respect of its obligations to each other Note Holder hereunder, but such Note Pledgee shall not be obligated to cure any such default;
(iii) that no amendment, modification, waiver or termination of this Agreement shall be effective against such Note Pledgee without
the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such
other Note Holder shall give to such Note Pledgee copies of any notice of default under this Agreement simultaneously with the
giving of same to the pledging Note Holder and accept any cure thereof by such Note Pledgee

 

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

 

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

 

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

 

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

 

(iii)          such
Note Holder pledges (or sells, transfers or assigns as part of a repurchase facility) its interest in its Note to the Conduit as
collateral for the Conduit Inventory Loan;

 

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

 

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

 

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

 

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

 

Section
16.        Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR
THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF

 

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THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW
RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

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

 

(a)            SUBMITS
FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND ENFORCEMENT OF
ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF;

 

(b)            CONSENTS
THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING
WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 

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

 

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

 

Section
18.       Modifications. This Agreement shall not be modified, cancelled or terminated except by an
instrument in writing signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization
Trust, the Note Holders shall not amend or modify this Agreement without first delivering a Rating Agency Communication to
each Rating Agency then rating any securities of any Securitization; provided that no such Rating Agency Communication
shall be required in connection with a modification (i) to cure any ambiguity, to correct or supplement any provisions herein
that may be defective or inconsistent with any other provisions herein or with the Lead Securitization Servicing Agreement,
or (ii) with respect to matters or questions arising under this Agreement to make provisions of this Agreement consistent
with other provisions of this Agreement (including without limitation, in connection with the creation of New Notes pursuant
to Section 32).

 

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

 

Section
20.        Successors and Assigns; Third Party Beneficiaries. This Agreement
shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. Except as
provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer and
Special Servicer and any Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, none of the provisions of
this Agreement shall be for the benefit of or enforceable by any Person not a party hereto. Subject to Section 14 and Section
15, each Note Holder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment, the
assignee shall be entitled to all rights and benefits of the applicable Note Holder hereunder. For the avoidance of doubt,
the representations in Section 11 shall not be binding upon any Securitization Trust.

 

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

 

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

 

Section
23.        Severability. Wherever possible, each provision of this Agreement shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under applicable laws, such provision shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Agreement.

 

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

 

Section
25.        Withholding Taxes. (a) If the Lead Securitization Note Holder or
the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes from interest, fees or other amounts payable
to any Non-Lead Securitization Note Holder with respect to the Mortgage Loan as a result of such Non-Lead Securitization Note
Holder constituting a Non-Exempt Person, such Lead Securitization Note Holder, in its capacity as servicer, shall be entitled
to do so with respect to such Non-Lead Securitization Note Holder’s interest in such payment (all withheld amounts
being deemed paid to such Note Holder), provided that the Lead

 

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Securitization Note Holder shall furnish such Non-Lead
Securitization Note Holder with a statement setting forth the amount of Taxes withheld, the applicable rate and other
information which may reasonably be requested for purposes of assisting such Note Holder to seek any allowable credits or
deductions for the Taxes so withheld in each jurisdiction in which such Note Holder is subject to tax.

 

(b)            Each
Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall and hereby agrees to indemnify
the Lead Securitization Note Holder against and hold the Lead Securitization Note Holder harmless from and against any Taxes, interest,
penalties and attorneys’ fees and disbursements arising or resulting from any failure of the Lead Securitization Note Holder
to withhold Taxes from payment made to such Note Holder in reliance upon any representation, certificate, statement, document or
instrument made or provided by such Note Holder to the Lead Securitization Note Holder in connection with the obligation of the
Lead Securitization Note Holder to withhold Taxes from payments made to such Note Holder, it being expressly understood and agreed
that (i) the Lead Securitization Note Holder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) such Note Holder, upon request of the Lead Securitization Note Holder and at its sole cost and expense, shall
defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead Securitization Note Holder.

 

(c)            Each
Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) represents (for the benefit of the
Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage
Loan Borrower is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise
pursuant to this Agreement. Contemporaneously with the execution of this Agreement and from time to time as necessary during the
term of this Agreement, each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) shall
deliver to the Lead Securitization Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Note
Holder substantiating that such Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement.
Without limiting the effect of the foregoing, (i) if a Note Holder is created or organized under the laws of the United States,
any state thereof or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the
Lead Securitization Note Holder an Internal Revenue Service Form W-9 and (ii) if a Note Holder is not created or organized under
the laws of the United States, any state thereof or the District of Columbia, and if the payment of interest or other amounts by
the Mortgage Loan Borrower is treated for United States income tax purposes as derived in whole or part from sources within the
United States, such Note Holder shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or
successor forms, as may be required from time to time, duly executed by such Note Holder, as evidence of such Note Holder’s
exemption from the withholding of United States tax with respect thereto. The Lead Securitization Note Holder shall not be obligated
to

 

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make any payment hereunder with respect to any Non-Lead Securitization Note or otherwise until the holder of such Note shall
have furnished to the Lead Securitization Note Holder requested forms, certificates, statements or documents.

 

Section
26.        Custody of Mortgage Loan Documents. Prior to the Note A-1
Securitization Date, the Note A-2 Securitization Date, the Note A-3 Securitization Date and the Note A-4 Securitization Date,
the originals of all of the Mortgage Loan Documents (other than Note A-1, Note A-2, Note A-3 and Note A-4) will be held by
the Initial Agent on behalf of the registered holders of the Notes. On and after the earliest of the Note A-2 Securitization
Date, Note A-3 Securitization Date and the Note A-4 Securitization Date, but prior to the Note A-1 Securitization Date, the
originals of all of the Mortgage Loan Documents (other than Note A-1 and the other Note(s) not subject to the Securitization
on such Securitization Date) shall be held in the name of the trustee (and held by a duly appointed custodian therefor) under
the Note A-2 PSA, the Note A-3 PSA or the Note A-4 PSA, as applicable, on behalf of the registered holders of the Notes. On
and after the Note A-1 Securitization Date, the originals of all of the Mortgage Loan Documents (other than Note A-2, Note
A-3 and Note A-4) shall be transferred to and held in the name of the trustee (and held by a duly appointed
custodian therefor) under the Note A-1 PSA, on behalf of the registered holders of the Notes.

 

Section 27.        Cooperation
in Securitization.

 

(a)            Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the related Securitizing Note Holder,
each related Non-Securitizing Note Holder shall use reasonable efforts, at such Securitizing Note Holder’s expense, to satisfy,
and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards
to which such Securitizing Note Holder customarily adheres or that may be reasonably required in the marketplace or by the Rating
Agencies in connection with such Securitization, including, entering into (or consenting to, as applicable) any modifications to
this Agreement or the Mortgage Loan Documents and to cooperate with such Securitizing Note Holder in attempting to cause the Mortgage
Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably requested by
the Rating Agencies to effect such Securitization; provided, that no Non-Securitizing Note Holder shall be required to modify
or amend this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith,
if such modification or amendment would (i) change the interest allocable to, or the amount of any payments due to or priority
of such payments to, such Non-Securitizing Note Holder or (ii) materially increase such Non-Securitizing Note Holder’s obligations
or materially decrease such Non-Securitizing Note Holder’s rights, remedies or protections. In connection with any Securitization,
each related Non-Securitizing Note Holder shall provide for inclusion in any disclosure document relating to such Securitization
such information concerning such Non-Securitizing Note Holder and its Note as the related Securitizing Note Holder reasonably determines
to be necessary or appropriate, and such Non-Securitizing Note Holder shall, at the Securitizing Note Holder’s expense, cooperate
with the reasonable requests of each Rating Agency and such Securitizing Note Holder in connection with such Securitization (including,
without limitation, reasonably cooperating with the Securitizing Note Holder (without any obligation to make additional representations
and

 

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warranties) to enable the Securitizing Note Holder to make all necessary certifications and deliver all necessary opinions
(including customary securities law opinions) in connection with the Mortgage Loan and such Securitization), as well as in connection
with all other matters and the preparation of any offering documents thereof and to review and respond reasonably promptly with
respect to any information relating to such Non-Securitizing Note Holder and its Note in any Securitization document. Each Note
Holder acknowledges that in connection with any Securitization, the information provided by it in its capacity as a Non-Securitizing
Note Holder to the related Securitizing Note Holder may be incorporated into the offering documents for such Securitization. Each
Securitizing Note Holder and each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, each
Non-Securitizing Note Holder. The Securitizing Note Holder shall reasonably cooperate with each Non-Securitizing Note Holder by
providing all information reasonably requested that is in the Securitizing Note Holder’s possession in connection with such
Non-Securitizing Note Holder’s preparation of disclosure materials in connection with a Securitization.

 

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

 

Section
28.        Notices. All notices required hereunder shall be given by (i)
telephone (confirmed promptly in writing) or shall be in writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if the sender on the same day sends a confirming copy of such notice by reputable
overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified
United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set
forth on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written
notice given as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

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

 

Section 30.        Certain
Matters Affecting the Agent.

 

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

 

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

 

(c)            The
Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at the request,
order or direction of any Note Holder

 

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pursuant to the provisions of this Agreement, unless it has received indemnity reasonably
satisfactory to it;

 

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

 

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

 

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

 

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

 

Section 31.        Reserved.

 

Section
32.        Resignation or Termination of Agent. The Agent may resign at any
time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the Note Holders (it
being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory to the Note
Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS AG, New York Branch, as
Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as
successor Agent, at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree
that, simultaneously with the closing of the Lead Securitization, the Master Servicer shall be deemed to have been
automatically appointed as the successor Agent under this Agreement in place of UBS AG, New York Branch without any further
notice or other action. The termination or resignation of such Master Servicer, as Master Servicer under the Lead
Securitization Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this
Agreement, and any successor master servicer shall be deemed to have been automatically appointed as the successor Agent
under this Agreement in place thereof without any further notice or other action.

 

Section
33.        Resizing. Notwithstanding any other provision of this Agreement,
for so long as any Note Holder or an affiliate thereof (each, a “Resizing Entity”) is the owner of any
Non-Lead Securitization Note (each, an “Owned Note”), such Resizing Entity shall have the right, subject
to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes or
additional notes (in each case, as applicable “New Notes”) reallocating the principal of an Owned Note to
such New Notes; or severing an Owned Note into one or more further “component” notes in the aggregate
principal amount equal to the then outstanding principal balance of such Owned Note provided that (i) the aggregate
principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of such
Owned Note prior to such amendments, (ii) all Notes continue to

 

    -47-

     

    

 

have the same weighted average interest rate as the Notes
prior to such amendments, (iii) all Notes pay pro rata and on a pari passu basis and such reallocated or
component notes shall be automatically subject to the terms of this Agreement, and (iv) the Resizing Entity holding the New
Notes shall notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the Certificate
Administrator and the Trustee in writing of such modified allocations and principal amounts. If the Lead Securitization Note
Holder so requests, the Resizing Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a
confirmation of the continuing applicability of this Agreement to the New Notes, as so modified. Except for the foregoing
reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section
5), no Note may be modified or amended without the consent of its holder and the consent of the holder of each other
Note. In connection with the foregoing (provided the conditions set forth in clauses (i) through (iv) above are
satisfied, with respect to clauses (i) through (iv), as certified by the Resizing Entity, on which certification the
Master Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan
Documents and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting
such reallocation of principal and that each New Note shall be a “Note” hereunder and for purposes of adding and
modifying any definitions related thereto. If more than one New Note is created hereunder, for purposes of exercising the
rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder”
or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such terms in this
Agreement; provided that the Controlling Note Holder shall be entitled to designate any New Note created from the existing
Controlling Note to be a Non-Controlling Note hereunder.

 

[SIGNATURE PAGE FOLLOWS]

 

    -48-

     

    

 

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

 

	 	UBS AG, as Initial Note
A-1 Holder
	 	 	 
	 	By: 	/s/ Racquel A.C. Small
	 	 	Name: Racquel A.C. Small
	 	 	Title: Authorized Signatory
	 	 	 
	 	By: 	/s/ Mary Kunka
	 	 	Name: Mary Kunka
	 	 	Title: Authorized Signatory

 

	 	UBS AG, as Initial Note
A-2 Holder
	 	 	 
	 	By: 	/s/ Racquel A.C. Small
	 	 	Name: Racquel A.C. Small
	 	 	Title: Authorized Signatory
	 	 	 
	 	By: 	/s/ Mary Kunka
	 	 	Name: Mary Kunka
	 	 	Title: Authorized Signatory

 

	 	UBS AG, as Initial Note
A-3 Holder
	 	 	 
	 	By: 	/s/ Racquel A.C. Small
	 	 	Name: Racquel A.C. Small
	 	 	Title: Authorized Signatory
	 	 	 
	 	By: 	/s/ Mary Kunka
	 	 	Name: Mary Kunka
	 	 	Title: Authorized Signatory

 

	 	GOLDMAN SACHS MORTGAGE COMPANY,
a New York limited partnership, as Initial Note A-4 Holder
	 	 	 
	 	By: 	/s/ Michael Barbieri
	 	 	Name: Michael Barbieri
	 	 	Title: Authorized Representative

 

THE FALLS AGREEMENT BETWEEN NOTEHOLDERS

 

    	 	 	 

    	 

    

EXHIBIT A

 

MORTGAGE LOAN SCHEDULE

 

  Description of Mortgage Loan

 

	Mortgage Loan Borrower(s):	The Falls Shopping Center Associates LLC
	Date of Mortgage Loan:	August 15, 2016
	Date of Original Notes:	August 15, 2016
	Date of Note A-1:	
         

        Original Note Effective as of August 15, 2016 Amended
as of September 1, 2016 

	Date of Note A-2:	
         

        Original Note Effective as of August 15, 2016 Amended
as of September 1, 2016

	Date of Note A-3:	August 15, 2016
	Date of Note A-4:	August 15, 2016
	Original Principal Amount of Mortgage Loan:	$150,000,000
	Promissory Note A-1 Principal Balance:	$45,500,000
	Promissory Note A-2 Principal Balance:	$19,500,000
	Promissory Note A-3 Principal Balance:	$15,000,000
	Promissory Note A-4 Principal Balance:	$70,000,000
	Location of Mortgaged Property:	Miami, Florida
	Initial Maturity Date:	September 1, 2026

 

    	 	 A-1	 

    	 

    

 

EXHIBIT B

 

1.            Initial
Note A-1 Holder:

 

(Prior to Securitization of Note A-1):

 

To UBS AG, New York Branch:

 

UBS AG, by and through its branch
office at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas 

New York, New York 10019 

Attention: David Schell 

Email: david.schell@ubs.com

 

              with
a copy to:

 

  Cadwalader,
Wickersham & Taft LLP

              200 Liberty Street

              New York, New York 10281

              Attention: Frank Polverino, Esq.

              Facsimile No.: (212) 504-6666

              Email: frank.polverino@cwt.com

  

Following Securitization of Note A-1 the applicable notice
addresses set forth in the related Securitization Servicing Agreement.

 

2.            Initial
Note A-2 Holder:

  

(Prior to Securitization of Note A-2):

 

To UBS AG, New York Branch:

 

UBS AG, by and through its branch
office at 1285 Avenue of the Americas, New York, New York

1285 Avenue of the Americas 

New York, New York 10019

Attention: David Schell

Email: david.schell@ubs.com

 

              with
a copy to:

 

Cadwalader,
Wickersham & Taft LLP
 200 Liberty Street
 New York, New York 10281
 Attention: Frank Polverino, Esq.

 

    	 	 B-1	 

    	 

    

 

Facsimile No.: (212) 504-6666
 Email: frank.polverino@cwt.com

 

Following Securitization of Note A-2 the applicable notice
addresses set forth in the related Securitization Servicing Agreement.

 

3.            Initial
Note A-3 Holder:

  

(Prior to Securitization of Note A-3):

 

To UBS AG, New York Branch:

 

UBS AG, by and through its branch
office at 1285 Avenue of the Americas, New York, New York 

1285 Avenue of the Americas 

New York, New York 10019

Attention: David Schell

Email: david.schell@ubs.com

 

              with
a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Frank Polverino, Esq.

Facsimile No.: (212) 504-6666

Email: frank.polverino@cwt.com

 

Following Securitization of Note A-3 the applicable notice
addresses set forth in the related Securitization Servicing Agreement.

 

4.            Initial
Note A-4 Holder:

 

(Prior to Securitization of Note A-4):

 

To GSMC:

 

Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Leah Nivison

Facsimile No.: (212) 428-1439 

Email: leah.nivison@gs.com

 

    	 	 B-2	 

    	 

    

 

with a copy to:

 

Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Peter Morreale

Facsimile No.: (212) 902-3000

Email: peter.morreale@gs.com

 

with a copy to:

 

Goldman Sachs Mortgage Company

6011 Connection Drive, Suite 550

Irving, Texas 75039

Attention: Joe Osborne

Facsimile No.: (212) 291-5318

Email: joe.osborne@gs.com

 

Following Securitization of Note A-4 the applicable notice
addresses set forth in the related Securitization Servicing Agreement.

 

    	 	 B-3	 

    	 

    

 

EXHIBIT C

 

PERMITTED FUND MANAGERS

 

1.              Alliance
Bernstein 

2.              Annaly
Capital Management 

3.              Apollo
Real Estate Advisors 

4.              Archon
Capital, L.P. 

5.              AREA
Property Partners 

6.              Artemis
Real Estate Partners 

7.              BlackRock,
Inc. 

8.              Capital
Trust, Inc. 

9.              Clarion
Partners 

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

11.            CreXus
Investment Corporation/Annaly Capital Management 

12.            DLJ
Real Estate Capital Partners 

13.            Dune
Real Estate Partners 

14.            Eightfold
Real Estate Capital, L.P. 

15.            Five
Mile Capital Partners 

16.            Fortress
Investment Group, LLC 

17.            Garrison
Investment Group 

18.            Goldman,
Sachs & Co. 

19.            H/2
Capital Partners LLC 

20.            Hudson
Advisors 

21.            Investcorp
International 

22.            iStar
Financial Inc. 

23.            J.P.
Morgan Investment Management Inc. 

24.            JER
Partners 

25.            Lend-Lease
Real Estate Investments 

26.            Libermax
Capital LLC 

27.            LoanCore
Capital 

28.            Lone
Star Funds 

29.            Lowe
Enterprises 

30.            Normandy
Real Estate Partners 

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

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

33.            Praedium
Group 

34.            Raith
Capital Partners, LLC 

35.            Rialto
Capital Management, LLC 

36.            Rialto
Capital Partners LLC 

37.            Rimrock
Capital Management LLC 

38.            Rockpoint
Group 

39.            Rockwood 

40.            RREEF
Funds 

41.            Square
Mile Capital Management 

42.            Starwood
Capital Group/Starwood Financial Trust 

43.            The
Blackstone Group 

44.            The
Carlyle Group 

45.            Torchlight
Investors 

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

47.            Westbrook
Partners 

48.            WestRiver
Capital 

49.            Wheelock
Street Capital 

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

 

    C-1 

     

    

 

EXHIBIT D

 

The Lead Securitization
Servicing Agreement shall provide that:

 

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

 

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

 

(iii)          the
Master Servicer shall remit all payments received with respect to any Non-Lead Securitization Note, net of the Servicing Fees payable
to the Master Servicer and the Special Servicer with respect to each such Non-Lead Securitization Note, and any other applicable
fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee to the related Non-Lead Securitization
Note Holders, by the earlier of (x) the Master Servicer Remittance Date and (y) the Business Day immediately succeeding the related
Non-Lead Securitization Determination Date, provided, that such earlier date in clause (x) or clause (y) shall not be earlier than
one (1) Business Day after the Monthly Payment Date, provided, that any late collections received by the Master Servicer after
the related due date under the Mortgage Loan shall be remitted by the Master Servicer in accordance with clause (x) below;

 

(iv)          with
respect to each Non-Lead Securitization Note that is held by a Securitization and each Monthly Payment Date, the
Master Servicer shall make available to each Non-Lead Master Servicer its servicer remittance report for the related remittance,
by the earlier of (x) the Master Servicer Remittance Date and (y) the Business Day immediately succeeding the related Non-Lead
Securitization Determination Date, provided, that such earlier date in clause (x) or clause (y) shall not be earlier than one (1)
Business Day after the Monthly Payment Date;

 

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

 

(vi)      
   each Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization
Note Holder under the Lead Securitization Servicing Agreement with respect to the following items; each of the Master
Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, and

 

    	 	 D-1	 

    	 

    

 

the Custodian shall be
required to indemnify each certifying person and each Non-Lead Depositor for any public Securitization Trust related to a
Non-Lead Securitization Note, and their respective directors and officers and controlling persons, to the same extent that
they indemnify the Depositor (as depositor in respect of the Lead Securitization) and each certifying person for (i) its
failure to deliver the items in clause (viii) below in a timely manner, (ii) its failure to perform its obligations to such
Non-Lead Depositor or Non-Lead Trustee under Article XI of the Lead Securitization Servicing Agreement by the time required
after giving effect to any applicable grace period or cure period, (iii) the failure of any Servicing Function Participant or
Additional Servicer retained by it to perform its obligations to such Non-Lead Depositor or Non-Lead Trustee under such
Article XI (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement by the time required
and/or (iv) any deficient Exchange Act report regarding, and delivered by or on behalf of, such party;

 

(vii)         each
of the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate Administrator and the Trustee
shall (i) with respect to any Mortgage Loan Seller Sub-Servicer (or analogous term) engaged by it that is a Servicing Function
Participant or Additional Servicer, use commercially reasonable efforts to cause such party to, and (ii) with respect to each other
Additional Servicer and each Servicing Function Participant with which, in each case, it has entered into a servicing relationship
with respect to the Mortgage Loan, cause such party to, comply with the foregoing clause (vi) by inclusion of similar provisions
in the related sub-servicing or similar agreement;

 

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

 

    	 	 D-2	 

    	 

    

 

party requesting such disclosure), in each case in
a timely manner for inclusion in any disclosure document (and, with respect to the Lead Securitization Servicing Agreement and
a replacement Servicer, for filing under Form 8-K), and with respect to such Servicers, upon prior written request (at the expense
of the party requesting such documents), market indemnification agreements, opinions and Regulation AB compliance letters as were
or are being delivered with respect to the Lead Securitization. As used in this Agreement, “Regulation AB” means
Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100 229.1125, as such may be amended
from time to time, and subject to such clarification and interpretation as have been provided by the United States Securities and
Exchange Commission (the “Commission”) or by the staff of the Commission, or as may be provided by the Commission
or its staff from time to time, in each case as effective from time to time as of the compliance dates specified therein. The Master
Servicer, any primary servicer and the Special Servicer shall each be required to provide certification and indemnification to
each Certifying Person with respect to the Sarbanes-Oxley Certification as such terms are defined in each Non-Lead Securitization
Servicing Agreement;

 

(ix)          each
of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall cooperate (and
require each Servicing Function Participant and Sub-Servicer retained by it to cooperate under the applicable Sub-Servicing Agreement),
with each Non-Lead Depositor to the same extent as such party is required to cooperate with the Lead Depositor under Article XI
of the Lead Securitization Servicing Agreement in connection with the reporting requirements under the Securities Act, the Exchange
Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder. All respective reasonable out-of-pocket costs
and expenses incurred by any Non-Lead Depositor (including reasonable legal fees and expenses of outside counsel to such depositor)
in connection with the foregoing (other than those costs and expenses related to participation by such Non-Lead Depositor in any
telephone conferences and meetings with the Commission and other costs such Non-Lead Depositor must bear pursuant to Article XI
of the Lead Securitization Servicing Agreement) and any amendments to any reports filed with the Commission therewith shall be
promptly paid by the applicable Affected Reporting Party (to the same extent such Affected Reporting Party is required to pay the
Lead Depositor in analogous situations under the Lead Securitization Servicing Agreement) upon receipt of an itemized invoice from
such Non-Lead Depositor;

 

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

 

    	 	 D-3	 

    	 

    

 

available funds but, in any event, the Master Servicer
shall remit such amounts within two (2) Business Days of receipt of properly identified and available funds;

 

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

 

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

 

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

 

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

 

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

 

(xvi)        “Servicer
Termination Events” include customary market termination events with respect to failure to make advances, failure to timely
remit payments to the Non-Lead Securitization Note Holders as required hereunder or under the Lead Securitization Servicing Agreement
(subject to no more than one Business Day grace period), failure to timely deposit amounts into any REO Account or to remit to
a Servicer for deposit into the Collection Account or any other account required under the Lead Securitization Servicing Agreement,
failure to deliver (or cause to be delivered) materials or information required in order for a Non-Lead Securitization Note Holder
or a Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for
rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization,
subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will
not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of
such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead

 

    	 	 D-4	 

    	 

    

 

Securitization Note Holder and the Master
Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required,
upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to the Non-Lead Securitization
Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization
Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee
shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with
respect to, the Mortgage Loan;

 

(xvii)       in
connection with (A) any amendment of the Lead Securitization Servicing Agreement, a party to such Lead Securitization Servicing
Agreement is required to provide a copy of the executed amendment to each Non-Lead Depositor and one or more parties to the related
Non-Lead Securitization Servicing Agreement (which may be by e-mail), together with a copy of such amendment in electronic format,
within one (1) Business Day following the execution of such amendment, and (B) the termination, resignation and/or replacement
of the Master Servicer or Special Servicer under the Lead Securitization Servicing Agreement, the replacement “master servicer”
or replacement “special servicer”, as applicable, is required to provide to each Non-Lead Depositor and one or more
parties to the related Non-Lead Securitization Servicing Agreement all disclosure about itself that is required to be included
in Form 8-K no later than the date of effectiveness thereof;

 

(xviii)      if
a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the custodian shall reasonably cooperate with the related
Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations Reviewer
with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the extent (x) such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the custodian, as the case may be, and (y) such
Non-Lead Asset Representations Reviewer has not been able to obtain such documents from the related mortgage loan seller;

 

(xix)         the
Lead Securitization Servicing Agreement shall satisfy Moody’s rating methodology as of the closing date of the Lead Securitization
related to permitted investments and eligible accounts applicable to securities rated “Aaa” by Moody’s; and

 

(xx)          to
the extent of any conflict between this Agreement and the Lead Securitization Servicing Agreement, the terms of this Agreement
shall control.

 

    	 	 D-5

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