Common use of Trustee as Securities Intermediary Clause in Contracts

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2021-1 Distribution Account shall be the “Series 2021-1 Securities Intermediary.” If the Series 2021-1 Securities Intermediary in respect of the Series 2021-1 Distribution Accounts is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.08. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 2021-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 2021-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 2021-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 2021-1 Distribution Accounts, the Series 2021-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 2021-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction and the Series 2021-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 2021-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 2021-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 2021-1 Distribution Account or any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution Account or any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212022-1 Distribution Account shall be the “Series 20212022-1 Securities Intermediary.” If the Series 20212022-1 Securities Intermediary in respect of the Series 20212022-1 Class A-1 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212022-1 Securities Intermediary set forth in this Section 3.08. (b) The Series 20212022-1 Securities Intermediary agrees that: (i) The Series 20212022-1 Class A-1 Distribution Accounts are Account is accounts to which Financial Assets will or may be credited; (ii) The Series 20212022-1 Class A-1 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212022-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212022-1 Class A-1 Distribution Account shall be registered in the name of the Series 20212022-1 Securities Intermediary, indorsed to the Series 20212022-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212022-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212022-1 Class A-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212022-1 Securities Intermediary pursuant to this Series 20212022-1 Supplement will be promptly credited to the appropriate Series 20212022-1 Class A-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212022-1 Class A-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212022-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212022-1 Class A-1 Distribution AccountsAccount, the Series 20212022-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212022-1 Class A-1 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212022-1 Securities Intermediary’s jurisdiction and the Series 20212022-1 Class A-1 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17102(a)( 17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212022-1 Securities Intermediary has not entered into, and until termination of this Series 20212022-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212022-1 Class A-1 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212022-1 Securities Intermediary has not entered into, and until the termination of this Series 20212022-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212022-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 20212022-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212022-1 Class A-1 Distribution AccountsAccount, neither the Series 20212022-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212022-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212022-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212022-1 Distribution Account or any Financial Asset carried therein, the Series 20212022-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212022-1 Class A-1 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212022-1 Class A-1 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212022-1 Class A-1 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The With respect to each Series 2018-1 Account, the Trustee or other Person holding the maintaining such Series 20212018-1 Distribution Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 20212018-1 Securities Intermediary.” Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212018-1 Distribution Accounts Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212018-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212018-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 20212018-1 Distribution Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212018-1 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212018-1 Distribution Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212018-1 Distribution Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212018-1 Distribution AccountsAccounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup I Administrator; (vii) (Avi) The Series 20212018-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8-110 of the New York UCC) and the Series 20212018-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212018-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212018-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212018-1 Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (with the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212018-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212018-1 Distribution Account Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212018-1 Distribution Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group I Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212018-1 Distribution Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212018-1 Distribution Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8-504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2018-1 Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2018-1 Account by crediting such Series 2018-1 Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2018-1 Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212018-1 Distribution AccountsAccount is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212024-1 Class A-2 Distribution Account shall be the “Series 20212024-1 Securities Intermediary.” ”. If the Series 20212024-1 Securities Intermediary in respect of the Series 20212024-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212024-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212024-1 Securities Intermediary agrees that: (i) The Series 20212024-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212024-1 Class A-2 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212024-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212024-1 Class A-2 Distribution Account shall be registered in the name of the Series 20212024-1 Securities Intermediary, indorsed to the Series 20212024-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212024-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212024-1 Class A-2 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212024-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212024-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212024-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212024-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212024-1 Class A-2 Distribution AccountsAccount, the Series 20212024-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212024-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212024-1 Securities Intermediary’s jurisdiction and the Series 20212024-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) . The parties further agree that with respect to each Trustee Account, the Series 2024-1 Class A-2 Distribution Account the law in force in the State of New York is applicable to all the issues specified in Article 2(1) of the The Hague Securities Convention; and (D) the Securities Intermediary represents that, Convention on the date hereof, it has Law Applicable to Certain Rights in Respect of Securities Held with an office in Intermediary shall be the law of the State of New York which is engaged in a business or other regular activity of maintaining securities accountsYork; (viii) The Series 20212024-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212024-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212024-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212024-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212024-1 Class A-2 Distribution AccountsAccount, neither the Series 20212024-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212024-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212024-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212024-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212024-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212024-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212024-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212024-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212014-1 Distribution Account Accounts shall be the “Series 20212014-1 Securities Intermediary.” If the Series 20212014-1 Securities Intermediary in respect of the any Series 20212014-1 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212014-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212014-1 Securities Intermediary agrees that: (i) The Series 20212014-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 20212014-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212014-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212014-1 Distribution Account shall be registered in the name of the Series 20212014-1 Securities Intermediary, indorsed to the Series 20212014-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212014-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 20212014-1 Distribution Account be registered in the name of the Master any Co-Issuer, payable to the order of the Master any Co-Issuer or specially indorsed to the Master any Co-Issuer; (iv) All property delivered to the Series 20212014-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212014-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212014-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212014-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212014-1 Distribution Accounts, the Series 20212014-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master any Co-Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212014-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212014-1 Securities Intermediary’s jurisdiction and the Series 20212014-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212014-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212014-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212014-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212014-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212014-1 Distribution Accounts, neither the Series 20212014-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212014-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212014-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212014-1 Distribution Account or any Financial Asset carried therein, the Series 20212014-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212014-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212014-1 Distribution Accounts; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212014-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The With respect to each Series 2022-2 Account, the Trustee or other Person holding the maintaining such Series 20212022-1 Distribution 2 Account shall be the “Series 2021securities intermediary” (as defined in Section 8-1 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary.” ”) with respect to such Series 2022-2 Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212022-1 Distribution Accounts 2 Account is not the Trustee, the Master Issuer HVF III shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3 (Trustee as Securities Intermediary). (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212022-1 Distribution 2 Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212022-1 Distribution 2 Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 20212022-1 Distribution 2 Account be registered in the name of the Master IssuerHVF III, payable to the order of the Master Issuer HVF III or specially indorsed endorsed to the Master IssuerHVF III; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212022-1 2 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212022-1 Distribution 2 Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212022-1 Distribution 2 Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212022-1 Distribution Accounts2 Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by the Master Issuer, any other Securitization Entity HVF III or any other PersonAdministrator; (vii) (Avi) The Series 20212022-1 Distribution 2 Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8110 of the New York UCC) and the Series 20212022-1 Distribution 2 Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) securities entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212022-1 2 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212022-1 Distribution 2 Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212022-1 2 Supplement will not enter into, any agreement with the Master Issuer HVF III purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi4.3(b)(v) of this Series 2021-1 Supplement(Trustee as Securities Intermediary); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF III in the Series 20212022-1 Distribution 2 Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212022-1 Distribution Account 2 Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212022-1 Distribution 2 Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Administrator and the Master Issuer HVF III thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212022-1 Distribution 2 Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders (within the meaning of Section 9-304 and Section 8110 of the New York UCC) in respect of the Series 20212022-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts.2

Trustee as Securities Intermediary. (a) The With respect to each Series 2013-A Account, the Trustee or other Person holding the maintaining such Series 20212013-1 Distribution A Account shall be the “Series 2021securities intermediary” (as defined in Section 8-1 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary.” ”) with respect to such Series 2013-A Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212013-1 Distribution Accounts A Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212013-1 Distribution A Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212013-1 Distribution A Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 20212013-1 Distribution A Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212013-1 A Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212013-1 Distribution A Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212013-1 Distribution A Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212013-1 Distribution AccountsA Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup I Administrator; (vii) (Avi) The Series 20212013-1 Distribution A Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8-110 of the New York UCC) and the Series 20212013-1 Distribution A Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212013-1 A Supplement, will not enter into, any agreement with any other Person relating to the Series 20212013-1 Distribution A Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212013-1 A Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212013-1 Distribution A Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212013-1 Distribution Account A Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212013-1 Distribution A Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group I Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212013-1 Distribution A Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212013-1 Distribution A Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8-504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2013-A Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2013-A Account by crediting such Series 2013-A Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2013-A Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212013-1 Distribution AccountsA Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The With respect to each Series 2022-1 Account, the Trustee or other Person holding the maintaining such Series 20212022-1 Distribution Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 20212022-1 Securities Intermediary.” Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212022-1 Distribution Accounts Account is not the Trustee, the Master Issuer HVF III shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3 (Trustee as Securities Intermediary). (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212022-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212022-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 20212022-1 Distribution Account be registered in the name of the Master IssuerHVF III, payable to the order of the Master Issuer HVF III or specially indorsed endorsed to the Master IssuerHVF III; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212022-1 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212022-1 Distribution Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212022-1 Distribution Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212022-1 Distribution AccountsAccounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by the Master Issuer, any other Securitization Entity HVF III or any other PersonAdministrator; (vii) (Avi) The Series 20212022-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8110 of the New York UCC) and the Series 20212022-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) securities entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212022-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212022-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212022-1 Supplement will not enter into, any agreement with the Master Issuer HVF III purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi4.3(b)(v) of this Series 2021-1 Supplement(Trustee as Securities Intermediary); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF III in the Series 20212022-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212022-1 Distribution Account Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212022-1 Distribution Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Administrator and the Master Issuer HVF III thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212022-1 Distribution Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders (within the meaning of Section 9-304 and Section 8110 of the New York UCC) in respect of the Series 20212022-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts.1

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 3 Distribution Account shall be the “Series 20212019-1 3 Securities Intermediary.” ”. If the Series 20212019-1 3 Securities Intermediary in respect of the Series 20212019-1 3 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 3 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212019-1 3 Securities Intermediary agrees that: (i) The Series 20212019-1 3 Distribution Accounts are accounts Account is the account to which Financial Assets will or may be credited; (ii) The Series 20212019-1 3 Distribution Accounts are Account is a “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 3 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212019-1 3 Distribution Account shall be registered in the name of the Series 20212019-1 3 Securities Intermediary, indorsed to the Series 20212019-1 3 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 3 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212019-1 3 Distribution Account be registered in the name of the Master IssuerCo-Issuers, payable to the order of the Master Issuer Co-Issuers or specially indorsed to the Master IssuerCo-Issuers; (iv) All property delivered to the Series 20212019-1 3 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212019-1 3 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212019-1 3 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 3 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 3 Distribution AccountsAccount, the Series 20212019-1 3 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerCo-Issuers, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 3 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 3 Securities Intermediary’s jurisdiction and the Series 20212019-1 3 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) . The parties further agree that with respect to each Trustee Account, the Series 2019-3 Distribution Account the law in force in the State of New York is applicable to all the issues specified in Article 2(1) of the The Hague Securities Convention; and (D) the Securities Intermediary represents that, Convention on the date hereof, it has Law Applicable to Certain Rights in Respect of Securities Held with an office in Intermediary shall be the law of the State of New York which is engaged in a business or other regular activity of maintaining securities accountsYork; (viii) The Series 20212019-1 3 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212019-1 3 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 3 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212019-1 3 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 3 Distribution AccountsAccount, neither the Series 20212019-1 3 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212019-1 3 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 3 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212019-1 3 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 3 Securities Intermediary will promptly notify the Trustee, the ManagerManagers, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 3 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 3 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 3 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212022-1 Class A-2 Distribution Account shall be the “Series 20212022-1 Securities Intermediary.” ”. If the Series 20212022-1 Securities Intermediary in respect of the Series 20212022-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212022-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212022-1 Securities Intermediary agrees that: (i) The Series 20212022-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212022-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212022-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212022-1 Class A-2 Distribution Account shall be registered in the name of the Series 20212022-1 Securities Intermediary, indorsed to the Series 20212022-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212022-1 Securities Intermediary, and in no case will shall any Financial Asset credited to any the Series 20212022-1 Class A-2 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212022-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will shall be promptly credited to the appropriate Series 20212022-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212022-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212022-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212022-1 Class A-2 Distribution AccountsAccount, the Series 20212022-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212022-1 Class A-2 Distribution Accounts Account and all issues specified in Article 2(l) of the Hague Securities Convention shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212022-1 Securities Intermediary’s jurisdiction and the Series 20212022-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the . The Securities Intermediary represents that, on the date hereof, that it has an office in the State of New York United States which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212022-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212022-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212022-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will shall not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212022-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212022-1 Class A-2 Distribution AccountsAccount, neither the Series 20212022-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212022-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212022-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212022-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212022-1 Securities Intermediary will shall promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212022-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212022-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212022-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212018-1 Class A-2 Distribution Account shall be the “Series 20212018-1 Securities Intermediary.” ”. If the Series 20212018-1 Securities Intermediary in respect of the any Series 20212018-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer IssuerCo-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212018-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212018-1 Securities Intermediary agrees that: (i) The Series 20212018-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will shall or may be credited; (ii) The Series 20212018-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212018-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212018-1 Class A-2 Distribution Account shall be registered in the name of the Series 20212018-1 Securities Intermediary, indorsed to the Series 20212018-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212018-1 Securities Intermediary, and in no case will shall any Financial Asset credited to any Series 20212018-1 Class A-2 Distribution Account be registered in the name of the Master IssuerIssuerCo-Issuers, payable to the order of the Master Issuer IssuerCo-Issuers or specially indorsed to the Master IssuerIssuerCo-Issuers; (iv) All property delivered to the Series 20212018-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will shall be promptly credited to the appropriate Series 20212018-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212018-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212018-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212018-1 Class A-2 Distribution AccountsAccount, the Series 20212018-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerIssuerCo-Issuers, any other Securitization Entity or any other Person; (vii) (A) The Series 20212018-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212018-1 Securities Intermediary’s jurisdiction and the Series 20212018-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212018-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212018-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212018-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will shall not enter into, any agreement with the Master Issuer IssuerCo-Issuers purporting to limit or condition the obligation of the Series 20212018-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212018-1 Class A-2 Distribution AccountsAccount, neither the Series 20212018-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212018-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212018-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212018-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212018-1 Securities Intermediary will shall promptly notify the Trustee, the ManagerManagerManagers, the Servicer and the Master Issuer IssuerCo-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212018-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer IssuerCo-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212013-1 Distribution Account shall be the “Series 20212013-1 Securities Intermediary.” If the Series 20212013-1 Securities Intermediary in respect of the Series 20212013-1 Distribution Accounts Account is not the Trustee, the Master Issuer Brand Holdings II shall obtain the express agreement of such other Person to the obligations of the Series 20212013-1 Securities Intermediary set forth in this Section 3.082.7. (b) The Series 20212013-1 Securities Intermediary agrees that: (i) The Series 20212013-1 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212013-1 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212013-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212013-1 Distribution Account shall be registered in the name of the Series 20212013-1 Securities Intermediary, indorsed to the Series 20212013-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212013-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212013-1 Distribution Account be registered in the name of the Master Brand Holdings II or any other Co-Issuer, payable to the order of the Master Brand Holdings II or any other Co-Issuer or specially indorsed to the Master Brand Holdings II or any other Co-Issuer; (iv) All property delivered to the Series 20212013-1 Securities Intermediary pursuant to this Series 20212013-1 Supplement will be promptly credited to the appropriate Series 20212013-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212013-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212013-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212013-1 Distribution AccountsAccount, the Series 20212013-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerBrand Holdings II, any other Securitization Entity or any other Person; (vii) (A) The Series 20212013-1 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212013-1 Securities Intermediary’s jurisdiction and the Series 20212013-1 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212013-1 Securities Intermediary has not entered into, and until termination of this Series 20212013-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212013-1 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212013-1 Securities Intermediary has not entered into, and until the termination of this Series 20212013-1 Supplement will not enter into, any agreement with the Master Brand Holdings II or any other Co-Issuer purporting to limit or condition the obligation of the Series 20212013-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi2.7(b)(vi) of this Series 20212013-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212013-1 Distribution AccountsAccount, neither the Series 20212013-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212013-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212013-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212013-1 Distribution Account or any Financial Asset carried therein, the Series 20212013-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer Brand Holdings II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212013-1 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212013-1 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer Brand Holdings II shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212013-1 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2021-1 Distribution Account Accounts shall be the “Series 2021-1 Securities Intermediary.” ”. If the Series 2021-1 Securities Intermediary in respect of the any Series 2021-1 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 2021-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 2021-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 2021-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 2021-1 Distribution Accounts, the Series 2021-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 2021-1 Distribution Accounts and all issues specified in Article 2(l) of the Hague Securities Convention shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction and the Series 2021-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the . The Securities Intermediary represents that, on the date hereof, that it has an office in the State of New York United States which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 2021-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 2021-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 2021-1 Distribution Account or any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution Account or any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The With respect to each Series 2013-B Account, the Trustee or other Person holding the maintaining such Series 20212013-1 Distribution B Account shall be the “Series 2021securities intermediary” (as defined in Section 8-1 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary.” ”) with respect to such Series 2013-B Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212013-1 Distribution Accounts B Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212013-1 Distribution B Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212013-1 Distribution B Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution 2013- WEIL:\96021961\2\52399.0016 B Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212013-1 B Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212013-1 Distribution B Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212013-1 Distribution B Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212013-1 Distribution AccountsB Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup II Administrator; (vii) (Avi) The Series 20212013-1 Distribution B Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8-110 of the New York UCC) and the Series 20212013-1 Distribution B Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212013-1 B Supplement, will not enter into, any agreement with any other Person relating to the Series 20212013-1 Distribution B Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212013-1 B Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212013-1 Distribution B Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212013-1 Distribution Account B Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212013-1 Distribution B Account or in any Financial Asset carried therein, the Series 2021-1 WEIL:\96021961\2\52399.0016 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group II Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212013-1 Distribution B Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212013-1 Distribution B Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8-504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2013-B Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2013-B Account by crediting such Series 2013-B Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2013-B Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212013-1 Distribution AccountsB Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The With respect to each Series 2022-1 Account, the Trustee or other Person holding the maintaining such Series 20212022-1 Distribution Account shall be the “securities intermediary” (as defined in Section 8- 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 20212022-1 Securities Intermediary.” Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212022-1 Distribution Accounts Account is not the Trustee, the Master Issuer HVF III shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3 (Trustee as Securities Intermediary). (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212022-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212022-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 20212022-1 Distribution Account be registered in the name of the Master IssuerHVF III, payable to the order of the Master Issuer HVF III or specially indorsed endorsed to the Master IssuerHVF III; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-2022- 1 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212022-1 Distribution Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212022-1 Distribution Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 2021-2022- 1 Distribution AccountsAccounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by the Master Issuer, any other Securitization Entity HVF III or any other PersonAdministrator; (vii) (Avi) The Series 20212022-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8110 of the New York UCC) and the Series 20212022-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) securities entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212022-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212022-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212022-1 Supplement will not enter into, any agreement with the Master Issuer HVF III purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi4.3(b)(v) of this Series 2021-1 Supplement(Trustee as Securities Intermediary); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF III in the Series 20212022-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212022-1 Distribution Account Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212022-1 Distribution Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Administrator and the Master Issuer HVF III thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212022-1 Distribution Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders (within the meaning of Section 9-304 and Section 8110 of the New York UCC) in respect of the Series 20212022-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts.1

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212022-1 Distribution Account shall be the “Series 20212022-1 Securities Intermediary.” If the Series 20212022-1 Securities Intermediary in respect of the Series 20212022-1 Class A-1 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212022-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212022-1 Securities Intermediary agrees that: (i) The Series 20212022-1 Class A-1 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212022-1 Class A-1 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212022-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212022-1 Distribution Class A-1 Account shall be registered in the name of the Series 20212022-1 Securities Intermediary, indorsed to the Series 20212022-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212022-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212022-1 Class A-1 Distribution Account be registered in the name of the Master any Co-Issuer, payable to the order of the Master any Co-Issuer or specially indorsed to the Master any Co-Issuer; (iv) All property delivered to the Series 20212022-1 Securities Intermediary pursuant to this Series 20212022-1 Supplement will be promptly credited to the appropriate Series 20212022-1 Class A-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212022-1 Class A-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212022-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212022-1 Class A-1 Distribution AccountsAccount, the Series 20212022-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master any Co-Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212022-1 Class A-1 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212022-1 Securities Intermediary’s jurisdiction and the Series 20212022-1 Class A-1 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212022-1 Securities Intermediary has not entered into, and until termination of this Series 20212022-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212022-1 Class A-1 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212022-1 Securities Intermediary has not entered into, and until the termination of this Series 20212022-1 Supplement will shall not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212022-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212022-1 Class A-1 Distribution AccountsAccount, neither the Series 20212022-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212022-1 Class A-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212022-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212022-1 Class A-1 Distribution Account or any Financial Asset carried therein, the Series 20212022-1 Securities Intermediary will promptly notify shall deliver prompt written notice to the Series 2022-1 Class A-1 Administrative Agent, the Trustee, the Manager, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212022-1 Class A-1 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (acting at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212022-1 Class A-1 Distribution AccountsAccount; provided, however, provided that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212022-1 Class A-1 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212018-1 Class A-2 Distribution Account shall be the “Series 20212018-1 Securities Intermediary.” ”. If the Series 20212018-1 Securities Intermediary in respect of the any Series 20212018-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212018-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212018-1 Securities Intermediary agrees that: (i) The Series 20212018-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will shall or may be credited; (ii) The Series 20212018-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212018-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212018-1 Class A-2 Distribution Account shall be registered in the name of the Series 20212018-1 Securities Intermediary, indorsed to the Series 20212018-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212018-1 Securities Intermediary, and in no case will shall any Financial Asset credited to any Series 20212018-1 Class A-2 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212018-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will shall be promptly credited to the appropriate Series 20212018-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212018-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212018-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212018-1 Class A-2 Distribution AccountsAccount, the Series 20212018-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212018-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212018-1 Securities Intermediary’s jurisdiction and the Series 20212018-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212018-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212018-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212018-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will shall not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212018-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212018-1 Class A-2 Distribution AccountsAccount, neither the Series 20212018-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212018-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212018-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212018-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212018-1 Securities Intermediary will shall promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212018-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The With respect to each Series 2013-B Account, the Trustee or other Person holding the maintaining such Series 20212013-1 Distribution B Account shall be the “Series 2021securities intermediary” (as defined in Section 8-1 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary.” ”) with respect to such Series 2013-B Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212013-1 Distribution Accounts B Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212013-1 Distribution B Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212013-1 Distribution B Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution 2013- B Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212013-1 B Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212013-1 Distribution B Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212013-1 Distribution B Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212013-1 Distribution AccountsB Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup II Administrator; (vii) (Avi) The Series 20212013-1 Distribution B Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8- 110 of the New York UCC) and the Series 20212013-1 Distribution B Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212013-1 B Supplement, will not enter into, any agreement with any other Person relating to the Series 20212013-1 Distribution B Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212013-1 B Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212013-1 Distribution B Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212013-1 Distribution Account B Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212013-1 Distribution B Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group II Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212013-1 Distribution B Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212013-1 Distribution B Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8- 504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2013-B Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2013-B Account by crediting such Series 2013-B Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2013-B Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212013-1 Distribution AccountsB Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212013-1 Class A-2 Distribution Account shall be the “Series 20212013-1 Securities Intermediary.” If the Series 20212013-1 Securities Intermediary in respect of the Series 20212013-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer and SRI Real Estate Holdco shall obtain the express agreement of such other Person to the obligations of the Series 20212013-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212013-1 Securities Intermediary agrees that: (i) The Series 20212013-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212013-1 Class A-2 Distribution Accounts are Account is a “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212013-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212013-1 Class A-2 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 20212013-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212013-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212013-1 Class A-2 Distribution Account be registered in the name of the Master IssuerIssuer and SRI Real Estate Holdco, payable to the order of the Master Issuer and SRI Real Estate Holdco or specially indorsed to the Master IssuerIssuer and SRI Real Estate Holdco; (iv) All property delivered to the Series 20212013-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212013-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212013-1 Class A-2 Distribution Account shall be treated as a Financial AssetAsset under Article 8 of the New York UCC; (vi) If at any time the Series 20212013-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212013-1 Class A-2 Distribution AccountsAccount, the Series 20212013-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, SRI Real Estate Holdco or any other Securitization Entity or any other Person; (vii) (A) The Series 20212013-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212013-1 Securities Intermediary’s 's jurisdiction and the Series 20212013-1 Class A-2 Distribution Accounts Account (as well as the “security securities entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212013-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212013-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, Person and the Series 20212013-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer and SRI Real Estate Holdco purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212013-1 Class A-2 Distribution AccountsAccount, neither the Series 20212013-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212013-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212013-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212013-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212013-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and Servicer, the Master Issuer and SRI Real Estate Holdco thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212013-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) shall be the only Person authorized to originate entitlement orders in respect of the Series 20212013-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer and SRI Real Estate Holdco shall jointly be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212013-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 Distribution Account Accounts shall be the “Series 20212019-1 Securities Intermediary.” If the Series 20212019-1 Securities Intermediary in respect of the Series 20212019-1 Distribution Accounts is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 Securities Intermediary set forth in this Section 3.083.09. (b) The Series 20212019-1 Securities Intermediary agrees that: (i) The Series 20212019-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 20212019-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212019-1 Distribution Account shall be registered in the name of the Series 20212019-1 Securities Intermediary, indorsed to the Series 20212019-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 20212019-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212019-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212019-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212019-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 Distribution Accounts, the Series 20212019-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; , (B) for purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 Securities Intermediary’s jurisdiction and the Series 20212019-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212019-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212019-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212019-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 Distribution Accounts, neither the Series 20212019-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212019-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212019-1 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212020-1 Class A-2 Distribution Account shall be the “Series 20212020-1 Securities Intermediary.” ”. If the Series 20212020-1 Securities Intermediary in respect of the any Series 20212020-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212020-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212020-1 Securities Intermediary agrees that: (i) The the Series 20212020-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will shall or may be credited; (ii) The the Series 20212020-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212020-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212020-1 Class A-2 Distribution Account shall be registered in the name of the a Series 20212020-1 Securities Intermediary, as applicable, indorsed to the such Series 20212020-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the such Series 20212020-1 Securities Intermediary, and in no case will shall any Financial Asset credited to any Series 20212020-1 Class A-2 Distribution Account be registered in the name of the Master IssuerCo-Issuers, payable to the order of the Master Issuer Co-Issuers or specially indorsed to the Master IssuerCo-Issuers; (iv) All property delivered to the Series 20212020-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will shall be promptly credited to the appropriate Series 20212020-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212020-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212020-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212020-1 Class A-2 Distribution AccountsAccount, the Series 20212020-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerCo-Issuers, any other Securitization Entity or any other Person; (vii) (A) The Series 20212020-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the applicable Series 20212020-1 Securities Intermediary’s jurisdiction and the Series 20212020-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The No Series 20212020-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212020-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the such Series 20212020-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will shall not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212020-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212020-1 Class A-2 Distribution AccountsAccount, neither the any Series 20212020-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212020-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the any Series 20212020-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212020-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212020-1 Securities Intermediary will shall promptly notify the Trustee, the ManagerManagers, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212020-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212020-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212020-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The With respect to each Series 2016-1 Account, the Trustee or other Person holding the maintaining such Series 20212016-1 Distribution Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 20212016-1 Securities Intermediary.” Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212016-1 Distribution Accounts Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212016-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212016-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-2016- 1 Distribution Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212016-1 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212016-1 Distribution Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212016-1 Distribution Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212016-1 Distribution AccountsAccounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup I Administrator; (vii) (Avi) The Series 20212016-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8-110 of the New York UCC) and the Series 20212016-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212016-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212016-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212016-1 Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (with the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212016-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212016-1 Distribution Account Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212016-1 Distribution Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group I Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212016-1 Distribution Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212016-1 Distribution Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8-504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2016-1 Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2016-1 Account by crediting such Series 2016-1 Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2016-1 Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212016-1 Distribution AccountsAccount is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 Distribution Account Accounts shall be the “Series 20212019-1 Securities Intermediary.” If the Series 20212019-1 Securities Intermediary in respect of the any Series 20212019-1 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212019-1 Securities Intermediary agrees that: (i) The Series 20212019-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 20212019-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212019-1 Distribution Account shall be registered in the name of the Series 20212019-1 Securities Intermediary, indorsed to the Series 20212019-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 20212019-1 Distribution Account be registered in the name of the Master any Co-Issuer, payable to the order of the Master any Co-Issuer or specially indorsed to the Master any Co-Issuer; (iv) All property delivered to the Series 20212019-1 Securities Intermediary pursuant to this the Series 20212019-1 Supplement will be promptly credited to the appropriate Series 20212019-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212019-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 Distribution Accounts, the Series 20212019-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master any Co-Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 Securities Intermediary’s jurisdiction and the Series 20212019-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212019-1 Securities Intermediary has not entered into, and until termination of this the Series 20212019-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212019-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 Securities Intermediary has not entered into, and until the termination of this the Series 20212019-1 Supplement will not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212019-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 Distribution Accounts, neither the Series 20212019-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212019-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212019-1 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 Securities Intermediary will promptly notify shall deliver prompt written notice to the Series 2019-1 Class A-1 Administrative Agent, the Trustee, the Manager, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212023-1 Distribution Account shall be the “Series 20212023-1 Securities Intermediary.” If the Series 20212023-1 Securities Intermediary in respect of the Series 20212023-1 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212023-1 Securities Intermediary set forth in this Section 3.082.6. (b) The Series 20212023-1 Securities Intermediary agrees that: (i) The Series 20212023-1 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212023-1 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212023-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212023-1 Distribution Account shall be registered in the name of the Series 20212023-1 Securities Intermediary, indorsed to the Series 20212023-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212023-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212023-1 Distribution Account be registered in the name of the Master any Co-Issuer, payable to the order of the Master any Co-Issuer or specially indorsed to the Master any Co-Issuer; (iv) All property delivered to the Series 20212023-1 Securities Intermediary pursuant to this Series 20212023-1 Supplement will be promptly credited to the appropriate Series 20212023-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212023-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212023-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212023-1 Distribution AccountsAccount, the Series 20212023-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master any Co-Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212023-1 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212023-1 Securities Intermediary’s jurisdiction and the Series 20212023-1 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212023-1 Securities Intermediary has not entered into, and until termination of this Series 20212023-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212023-1 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212023-1 Securities Intermediary has not entered into, and until the termination of this Series 20212023-1 Supplement will shall not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212023-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement2.6(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212023-1 Distribution AccountsAccount, neither the Series 20212023-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212023-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212023-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212023-1 Distribution Account or any Financial Asset carried therein, the Series 20212023-1 Securities Intermediary will promptly notify shall deliver prompt written notice to the Trustee, the Manager, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212023-1 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (acting at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212023-1 Distribution AccountsAccount; provided, however, provided that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212023-1 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The With respect to each Series 2013-A Account, the Trustee or other Person holding the maintaining such Series 20212013-1 Distribution A Account shall be the “Series 2021securities intermediary” (as defined in Section 8-1 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary.” ”) with respect to such Series 2013-A Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212013-1 Distribution Accounts A Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212013-1 Distribution A Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212013-1 Distribution A Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution 2013- A Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212013-1 A Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212013-1 Distribution A Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212013-1 Distribution A Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212013-1 Distribution AccountsA Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup I Administrator; (vii) (Avi) The Series 20212013-1 Distribution A Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8-110 of the New York UCC) and the Series 20212013-1 Distribution A Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212013-1 A Supplement, will not enter into, any agreement with any other Person relating to the Series 20212013-1 Distribution A Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212013-1 A Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212013-1 Distribution A Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212013-1 Distribution Account A Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212013-1 Distribution A Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group I Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212013-1 Distribution A Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212013-1 Distribution A Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8-504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2013-A Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2013-A Account by crediting such Series 2013-A Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2013-A Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212013-1 Distribution AccountsA Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 Distribution Account shall be the “Series 20212019-1 Securities Intermediary.” ”. If the Series 20212019-1 Securities Intermediary in respect of the any Series 20212019-1 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 Securities Intermediary set forth in this Section 3.082.7. (b) The Series 20212019-1 Securities Intermediary agrees that: (i) The Series 20212019-1 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212019-1 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212019-1 Distribution Account shall be registered in the name of the Series 20212019-1 Securities Intermediary, indorsed to the Series 20212019-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212019-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212019-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212019-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212019-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 Distribution AccountsAccount, the Series 20212019-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 Securities Intermediary’s jurisdiction and the Series 20212019-1 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) . The parties further agree that with respect to each Trustee Account, the Series 2019-1 Distribution Account the law in force in the State of New York is applicable to all the issues specified in Article 2(1) of the The Hague Securities Convention; and (D) the Securities Intermediary represents that, Convention on the date hereof, it has Law Applicable to Certain Rights in Respect of Securities Held with an office in Intermediary shall be the law of the State of New York which is engaged in a business or other regular activity of maintaining securities accountsYork; (viii) The Series 20212019-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212019-1 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212019-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi2.7(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 Distribution AccountsAccount, neither the Series 20212019-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212019-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212019-1 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2021-1 Class A-2 Distribution Account shall be the “Series 2021-1 Securities Intermediary.” ”. If the Series 2021-1 Securities Intermediary in respect of the any Series 2021-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will shall or may be credited; (ii) The Series 2021-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Class A-2 Distribution Account shall be registered in the name of the a Series 2021-1 Securities Intermediary, as applicable, indorsed to the such Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the such Series 2021-1 Securities Intermediary, and in no case will shall any Financial Asset credited to any Series 2021-1 Class A-2 Distribution Account be registered in the name of the Master IssuerCo-Issuers, payable to the order of the Master Issuer Co-Issuers or specially indorsed to the Master IssuerCo-Issuers; (iv) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will shall be promptly credited to the appropriate Series 2021-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 2021-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 2021-1 Class A-2 Distribution AccountsAccount, the Series 2021-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerCo-Issuers, any other Securitization Entity or any other Person; (vii) (A) The Series 2021-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the applicable Series 2021-1 Securities Intermediary’s jurisdiction and the Series 2021-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The No Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 2021-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the such Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will shall not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 2021-1 Class A-2 Distribution AccountsAccount, neither the any Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 2021-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the any Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will shall promptly notify the Trustee, the ManagerManagers, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 2021-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 Distribution Account Accounts shall be the “Series 20212019-1 Securities Intermediary.” ”. If the Series 20212019-1 Securities Intermediary in respect of the any Series 20212019-1 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212019-1 Securities Intermediary agrees that: (i) The Series 20212019-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 20212019-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212019-1 Distribution Account shall be registered in the name of the Series 20212019-1 Securities Intermediary, indorsed to the Series 20212019-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 20212019-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212019-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212019-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212019-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 Distribution Accounts, the Series 20212019-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 Distribution Accounts and all issues specified in Article 2(1) of the Hague Securities Convention shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 Securities Intermediary’s jurisdiction and the Series 20212019-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the . The Securities Intermediary represents that, on the date hereof, that it has an office in the State of New York United States which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212019-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212019-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212019-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 Distribution Accounts, neither the Series 20212019-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212019-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212019-1 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The With respect to each Series 2016-2 Account, the Trustee or other Person holding the maintaining such Series 20212016-1 Distribution 2 Account shall be the “Series 2021securities intermediary” (as defined in Section 8-1 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary.” ”) with respect to such Series 2016-2 Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 20212016-1 Distribution Accounts 2 Account is not the Trustee, the Master Issuer HVF II shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 20212016-1 Distribution 2 Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212016-1 Distribution 2 Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution 2016- 2 Account be registered in the name of the Master IssuerHVF II, payable to the order of the Master Issuer HVF II or specially indorsed endorsed to the Master IssuerHVF II; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 20212016-1 2 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 20212016-1 Distribution 2 Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 20212016-1 Distribution 2 Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 20212016-1 Distribution Accounts2 Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by HVF II or the Master Issuer, any other Securitization Entity or any other PersonGroup I Administrator; (vii) (Avi) The Series 20212016-1 Distribution 2 Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8-110 of the New York UCC) and the Series 20212016-1 Distribution 2 Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) Securities Entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 20212016-1 2 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212016-1 Distribution 2 Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 20212016-1 2 Supplement will not enter into, any agreement with the Master Issuer HVF II purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (with the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement4.3(b)(v); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF II in the Series 20212016-1 Distribution 2 Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 20212016-1 Distribution Account 2 Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212016-1 Distribution 2 Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Group I Administrator and the Master Issuer HVF II thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212016-1 Distribution 2 Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders in respect of the Series 20212016-1 Distribution 2 Accounts; provided. (d) Notwithstanding anything in Section 4.1, howeverSection 4.2 or this Section 4.3 to the contrary, the parties hereto agree that at all other times as permitted by Section 8-504(c)(1) of the Master Issuer New York UCC, with respect to any Series 2016-2 Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2016-2 Account by crediting such Series 2016-2 Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1, Section 4.2 or this Section 4.3 to the contrary, with respect to any Series 2016-2 Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be authorized to instruct the Trustee to originate entitlement orders acting as a bank (as defined in respect Section 9-102(a)(8) of the New York UCC) if such Series 20212016-1 Distribution Accounts2 Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2021-1 Class A-2 Distribution Account shall be the “Series 2021-1 Securities Intermediary.” ”. If the Series 2021-1 Securities Intermediary in respect of the Series 2021-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 2021-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 2021-1 Class A-2 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 2021-1 Class A-2 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 2021-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 2021-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 2021-1 Class A-2 Distribution AccountsAccount, the Series 2021-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 2021-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction and the Series 2021-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 2021-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 2021-1 Class A-2 Distribution AccountsAccount, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 2021-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer Officer, has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 2021-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 2021-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 Distribution Account Accounts shall be the “Series 20212019-1 Securities Intermediary.” ”. If the Series 20212019-1 Securities Intermediary in respect of the any Series 20212019-1 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212019-1 Securities Intermediary agrees that: (i) The Series 20212019-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 20212019-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212019-1 Distribution Account shall be registered in the name of the Series 20212019-1 Securities Intermediary, indorsed to the Series 20212019-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 Securities Intermediary, and in no case will any Financial Asset credited to any Series 20212019-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212019-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212019-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212019-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 Distribution Accounts, the Series 20212019-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 Distribution Accounts and all issues specified in Article 2(l) of the Hague Securities Convention shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 Securities Intermediary’s jurisdiction and the Series 20212019-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the . The Securities Intermediary represents that, on the date hereof, that it has an office in the State of New York United States which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212019-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212019-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212019-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 Distribution Accounts, neither the Series 20212019-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212019-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212019-1 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 Distribution Accounts.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212019-1 3 Distribution Account shall be the “Series 20212019-1 3 Securities Intermediary.” ”. If the Series 20212019-1 3 Securities Intermediary in respect of the Series 20212019-1 3 Distribution Accounts Account is not the Trustee, the Master Issuer IssuerCo-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212019-1 3 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212019-1 3 Securities Intermediary agrees that: (i) The Series 20212019-1 3 Distribution Accounts are accounts Account is the account to which Financial Assets will or may be credited; (ii) The Series 20212019-1 3 Distribution Accounts are Account is a “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 20212019-1 3 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212019-1 3 Distribution Account shall be registered in the name of the Series 20212019-1 3 Securities Intermediary, indorsed to the Series 20212019-1 3 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212019-1 3 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212019-1 3 Distribution Account be registered in the name of the Master IssuerIssuerCo-Issuers , payable to the order of the Master Issuer IssuerCo-Issuers or specially indorsed to the Master IssuerIssuerCo-Issuers ; (iv) All property delivered to the Series 20212019-1 3 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212019-1 3 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212019-1 3 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212019-1 3 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212019-1 3 Distribution AccountsAccount, the Series 20212019-1 3 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerIssuerCo-Issuers, any other Securitization Entity or any other Person; (vii) (A) The Series 20212019-1 3 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212019-1 3 Securities Intermediary’s jurisdiction and the Series 20212019-1 3 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) . The parties further agree that with respect to each Trustee Account, the Series 2019-3 Distribution Account the law in force in the State of New York is applicable to all the issues specified in Article 2(1) of the The Hague Securities Convention; and (D) the Securities Intermediary represents that, Convention on the date hereof, it has Law Applicable to Certain Rights in Respect of Securities Held with an office in Intermediary shall be the law of the State of New York which is engaged in a business or other regular activity of maintaining securities accountsYork; (viii) The Series 20212019-1 3 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212019-1 3 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212019-1 3 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer IssuerCo-Issuers purporting to limit or condition the obligation of the Series 20212019-1 3 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212019-1 3 Distribution AccountsAccount, neither the Series 20212019-1 3 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212019-1 3 Distribution Account or any Financial Asset credited thereto. If the Series 20212019-1 3 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212019-1 3 Distribution Account or any Financial Asset carried therein, the Series 20212019-1 3 Securities Intermediary will promptly notify the Trustee, the ManagerManagerManagers, the Servicer and the Master Issuer IssuerCo-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212019-1 3 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212019-1 3 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer IssuerCo-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212019-1 3 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The With respect to each Series 2021-2 Account, the Trustee or other Person holding the maintaining such Series 2021-1 Distribution 2 Account shall be the “securities intermediary” (as defined in Section 8- 102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 2021-1 Securities Intermediary.” 2 Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 2021-1 Distribution Accounts 2 Account is not the Trustee, the Master Issuer HVF III shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3 (Trustee as Securities Intermediary). (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Distribution 2 Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Distribution 2 Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution 2 Account be registered in the name of the Master IssuerHVF III, payable to the order of the Master Issuer HVF III or specially indorsed endorsed to the Master IssuerHVF III; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 2021- 2 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 2021-1 Distribution 2 Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 2021-1 Distribution 2 Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 2021-1 Distribution Accounts2021- 2 Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by the Master Issuer, any other Securitization Entity HVF III or any other PersonAdministrator; (vii) (Avi) The Series 2021-1 Distribution 2 Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8110 of the New York UCC) and the Series 2021-1 Distribution 2 Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) securities entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 2 Supplement, will not enter into, any agreement with any other Person relating to the Series 2021-1 Distribution 2 Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 2 Supplement will not enter into, any agreement with the Master Issuer HVF III purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi4.3(b)(v) of this Series 2021-1 Supplement(Trustee as Securities Intermediary); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF III in the Series 2021-1 Distribution 2 Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 2021-1 Distribution Account 2 Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution 2 Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Administrator and the Master Issuer HVF III thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Distribution 2 Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders (within the meaning of Section 9-104 of the New York UCC) in respect of the Series 2021-1 Distribution 2 Accounts; provided. (d) Notwithstanding anything in Section 4.1 (Granting Clause), however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Section 4.2 (Series 2021-1 Distribution 2 Accounts) or this Section 4.3 (Trustee as Securities Intermediary) to the contrary, the parties hereto agree that as permitted by Section 8-504(c)(1) of the New York UCC, with respect to any Series 2021-2 Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2021-2 Account by crediting such Series 2021-2 Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1 (Granting Clause), Section 4.2 (Series 2021-2 Accounts) or this Section 4.3 (Trustee as Securities Intermediary) to the contrary, with respect to any Series 2021-2 Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be acting as a bank (as defined in Section 9-102(a)(8) of the New York UCC) if such Series 2021-2 Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The With respect to each Series 2021-2 Account, the Trustee or other Person holding the maintaining such Series 2021-1 Distribution 2 Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 2021-1 Securities Intermediary.” 2 Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 2021-1 Distribution Accounts 2 Account is not the Trustee, the Master Issuer HVF III shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3 (Trustee as Securities Intermediary). (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Distribution 2 Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Distribution 2 Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution 2 Account be registered in the name of the Master IssuerHVF III, payable to the order of the Master Issuer HVF III or specially indorsed endorsed to the Master IssuerHVF III; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 2 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 2021-1 Distribution 2 Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 2021-1 Distribution 2 Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 2021-1 Distribution Accounts2 Accounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by the Master Issuer, any other Securitization Entity HVF III or any other PersonAdministrator; (vii) (Avi) The Series 2021-1 Distribution 2 Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8110 of the New York UCC) and the Series 2021-1 Distribution 2 Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) securities entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 2 Supplement, will not enter into, any agreement with any other Person relating to the Series 2021-1 Distribution 2 Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 2 Supplement will not enter into, any agreement with the Master Issuer HVF III purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi4.3(b)(v) of this Series 2021-1 Supplement(Trustee as Securities Intermediary); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF III in the Series 2021-1 Distribution 2 Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 2021-1 Distribution Account 2 Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution 2 Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Administrator and the Master Issuer HVF III thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Distribution 2 Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders (within the meaning of Section 9-104 of the New York UCC) in respect of the Series 2021-1 Distribution 2 Accounts; provided. (d) Notwithstanding anything in Section 4.1 (Granting Clause), however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Section 4.2 (Series 2021-1 Distribution 2 Accounts) or this Section 4.3 (Trustee as Securities Intermediary) to the contrary, the parties hereto agree that as permitted by Section 8-504(c)(1) of the New York UCC, with respect to any Series 2021-2 Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2021-2 Account by crediting such Series 2021-2 Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1 (Granting Clause), Section 4.2 (Series 2021-2 Accounts) or this Section 4.3 (Trustee as Securities Intermediary) to the contrary, with respect to any Series 2021-2 Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be acting as a bank (as defined in Section 9-102(a)(8) of the New York UCC) if such Series 2021-2 Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212018-1 Class A-1 Distribution Account shall be the “Series 20212018-1 Securities Intermediary.” If the Series 20212018-1 Securities Intermediary in respect of the Series 20212018-1 Class A-1 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212018-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212018-1 Securities Intermediary agrees that: (i) The Series 20212018-1 Class A-1 Distribution Accounts are accounts is an account to which Financial Assets will or may be credited; (ii) The Series 20212018-1 Class A-1 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212018-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212018-1 Class A-1 Distribution Account shall be registered in the name of the Series 20212018-1 Securities Intermediary, indorsed to the Series 20212018-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212018-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212018-1 Class A-1 Distribution Account be registered in the name of the Master any Co-Issuer, payable to the order of the Master any Co-Issuer or specially indorsed to the Master any Co-Issuer; (iv) All property delivered to the Series 20212018-1 Securities Intermediary pursuant to this Series 20212018-1 Series Supplement will be promptly credited to the appropriate Series 20212018-1 Class A-1 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212018-1 Class A-1 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212018-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212018-1 Class A-1 Distribution AccountsAccount, the Series 20212018-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master any Co-Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212018-1 Class A-1 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212018-1 Securities Intermediary’s jurisdiction and the Series 20212018-1 Class A-1 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212018-1 Securities Intermediary has not entered into, and until termination of this Series 20212018-1 Supplement, Series Supplement will not enter into, any agreement with any other Person relating to the Series 20212018-1 Class A-1 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212018-1 Securities Intermediary has not entered into, and until the termination of this Series 20212018-1 Series Supplement will not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212018-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212018-1 Class A-1 Distribution AccountsAccount, neither the Series 20212018-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212018-1 Class A-1 Distribution Account or any Financial Asset credited thereto. If the Series 20212018-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212018-1 Class A-1 Distribution Account or any Financial Asset carried therein, the Series 20212018-1 Securities Intermediary will promptly notify shall deliver prompt written notice to the Series 2018-1 Class A-1 Administrative Agent, the Trustee, the Manager, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212018-1 Class A-1 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212018-1 Class A-1 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212018-1 Class A-1 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The With respect to each Series 2021-1 Account, the Trustee or other Person holding the maintaining such Series 2021-1 Distribution Account shall be the “securities intermediary” (as defined in Section 8-102(a)(14) of the New York UCC and a “bank” (as defined in Section 9-102(a)(8) of the New York UCC), in such capacities, the “Securities Intermediary”) with respect to such Series 2021-1 Securities Intermediary.” Account. If the Series 2021-1 Securities Intermediary in respect of the any Series 2021-1 Distribution Accounts Account is not the Trustee, the Master Issuer HVF III shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.084.3 (Trustee as Securities Intermediary). (b) The Series 2021-1 Securities Intermediary agrees that: (i) The Series 2021-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; (ii) The Series 2021-1 Distribution Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 2021-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities Intermediary, Intermediary and in no case will any Financial Asset credited to any Series 2021-1 Distribution Account be registered in the name of the Master IssuerHVF III, payable to the order of the Master Issuer HVF III or specially indorsed endorsed to the Master IssuerHVF III; (iviii) All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement and all Permitted Investments thereof will be promptly credited to the appropriate Series 2021-1 Distribution Account; (viv) Each item of property (whether investment property, security, instrument or cash) credited to any a Series 2021-1 Distribution Account shall be treated as a Financial Asset; (viv) If at any time the Series 2021-1 Securities Intermediary shall receive any entitlement order or instructions from the Trustee (including those directing transfer or redemption of any Financial Asset) Asset relating to the Series 2021-1 Distribution AccountsAccounts or any instruction with respect to the disposition of funds therein, the Series 2021-1 Securities Intermediary shall comply with such entitlement order or instruction without further consent by the Master Issuer, any other Securitization Entity HVF III or any other PersonAdministrator; (vii) (Avi) The Series 2021-1 Distribution Accounts shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCsthe New York UCC, the State of New York shall be deemed to be the Series 2021-1 Securities Intermediary’s jurisdiction (within the meaning of Section 9-304 and Section 8110 of the New York UCC) and the Series 2021-1 Distribution Accounts (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) securities entitlements related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viiivii) The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 2021-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” Entitlement Orders or instructions (as defined in within the meaning of Section 89-102(a)(8) 104 of the New York UCC) of such other Person, Person and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer HVF III purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders Entitlement Orders or instructions (within the meaning of Section 9-104 of the New York UCC) as set forth in Section 3.09(b)(vi4.3(b)(v) of this Series 2021-1 Supplement(Trustee as Securities Intermediary); and (ixviii) Except for the claims and interest of the Trustee, the Secured Parties Trustee and the Securitization Entities HVF III in the Series 2021-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any no claim to, or interest in, any the Series 2021-1 Distribution Account Accounts or in any Financial Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lienlien, encumbrance encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution Account or in any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer Administrator and the Master Issuer HVF III thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 2021-1 Distribution Accounts and in all proceeds Proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person person authorized to originate entitlement orders Entitlement Orders (within the meaning of Section 9-304 and Section 8110 of the New York UCC) in respect of the Series 2021-1 Distribution Accounts; provided. (d) Notwithstanding anything in Section 4.1 (Granting Clause), however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Section 4.2 (Series 2021-1 Distribution Accounts) or this Section 4.3 (Trustee as Securities Intermediary) to the contrary, the parties hereto agree that as permitted by Section 8-504(c)(1) of the New York UCC, with respect to any Series 2021-1 Account, the Securities Intermediary may satisfy the duty in Section 8-504(a) of the New York UCC with respect to any cash credited to such Series 2021-1 Account by crediting such Series 2021-1 Account a general unsecured claim against the Securities Intermediary, as a bank, payable on demand, for the amount of such cash. (e) Notwithstanding anything in Section 4.1 (Granting Clause), Section 4.2 (Series 2021-1 Accounts) or this Section 4.3 (Trustee as Securities Intermediary) to the contrary, with respect to any Series 2021-1 Account and any credit balances not constituting Financial Assets credited thereto, the Securities Intermediary shall be acting as a bank (as defined in Section 9-102(a)(8) of the New York UCC) if such Series 2021-1 Account is deemed not to constitute a securities account.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212018-1 Class A-2 Distribution Account shall be the “Series 20212018-1 Securities Intermediary.” ”. If the Series 20212018-1 Securities Intermediary in respect of the Series 20212018-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 20212018-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212018-1 Securities Intermediary agrees that: (i) The Series 20212018-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212018-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212018-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212018-1 Class A-2 Distribution Account shall be registered in the name of the Series 20212018-1 Securities Intermediary, indorsed to the Series 20212018-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212018-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212018-1 Class A-2 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; (iv) All property delivered to the Series 20212018-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212018-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212018-1 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212018-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212018-1 Class A-2 Distribution AccountsAccount, the Series 20212018-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; (vii) (A) The Series 20212018-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212018-1 Securities Intermediary’s jurisdiction and the Series 20212018-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212018-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, Supplement will not enter into, any agreement with any other Person relating to the Series 20212018-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 20212018-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 20212018-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement3.9(b)(vi); and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212018-1 Class A-2 Distribution AccountsAccount, neither the Series 20212018-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212018-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212018-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer Officer, has actual knowledge Actual Knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212018-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212018-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212018-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212018-1 Class A-2 Distribution Account shall be the “Series 20212018-1 Securities Intermediary.” If the Series 20212018-1 Securities Intermediary in respect of the Series 20212018-1 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer and SRI Real Estate Holdco shall obtain the express agreement of such other Person to the obligations of the Series 20212018-1 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212018-1 Securities Intermediary agrees that: (i) The Series 20212018-1 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will or may be credited; (ii) The Series 20212018-1 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212018-1 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any the Series 20212018-1 Class A-2 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary, indorsed to the Series 2021-1 2018- Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 20212018-1 Securities Intermediary, and in no case will any Financial Asset credited to any the Series 20212018-1 Class A-2 Distribution Account be registered in the name of the Master IssuerIssuer and SRI Real Estate Holdco, payable to the order of the Master Issuer and SRI Real Estate Holdco or specially indorsed to the Master IssuerIssuer and SRI Real Estate Holdco; (iv) All property delivered to the Series 20212018-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 20212018-1 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any the Series 20212018-1 Class A-2 Distribution Account shall be treated as a Financial AssetAsset under Article 8 of the New York UCC; (vi) If at any time the Series 20212018-1 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212018-1 Class A-2 Distribution AccountsAccount, the Series 20212018-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, SRI Real Estate Holdco or any other Securitization Entity or any other Person; (vii) (A) The Series 20212018-1 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 20212018-1 Securities Intermediary’s jurisdiction and the Series 20212018-1 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The Series 20212018-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will not enter into, any agreement with any other Person relating to the Series 20212018-1 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, Person and the Series 20212018-1 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer and SRI Real Estate Holdco purporting to limit or condition the obligation of the Series 2021-1 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212018-1 Class A-2 Distribution AccountsAccount, neither the Series 20212018-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any the Series 20212018-1 Class A-2 Distribution Account or any Financial Asset credited thereto. If the Series 20212018-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any the Series 20212018-1 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212018-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and Servicer, the Master Issuer and SRI Real Estate Holdco thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212018-1 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) shall be the only Person authorized to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer and SRI Real Estate Holdco shall jointly be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212018-1 Class A-2 Distribution AccountsAccount.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20212020-1 2 Class A-2 Distribution Account shall be the “Series 20212020-1 2 Securities Intermediary.” ”. If the Series 20212020-1 2 Securities Intermediary in respect of the any Series 20212020-1 2 Class A-2 Distribution Accounts Account is not the Trustee, the Master Issuer Co-Issuers shall obtain the express agreement of such other Person to the obligations of the Series 20212020-1 2 Securities Intermediary set forth in this Section 3.083.9. (b) The Series 20212020-1 2 Securities Intermediary agrees that: (i) The the Series 20212020-1 2 Class A-2 Distribution Accounts are accounts Account is an account to which Financial Assets will shall or may be credited; (ii) The the Series 20212020-1 2 Class A-2 Distribution Accounts are Account is a “securities accountsaccount” within the meaning of Section 8-501 of the New York UCC and the Series 20212020-1 2 Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; (iii) All securities or other property (other than cash) underlying any Financial Assets credited to any Series 20212020-1 2 Class A-2 Distribution Account shall be registered in the name of the a Series 20212020-1 2 Securities Intermediary, as applicable, indorsed to the such Series 20212020-1 2 Securities Intermediary or in blank or credited to another securities account maintained in the name of the such Series 20212020-1 2 Securities Intermediary, and in no case will shall any Financial Asset credited to any Series 20212020-1 2 Class A-2 Distribution Account be registered in the name of the Master IssuerCo-Issuers, payable to the order of the Master Issuer Co-Issuers or specially indorsed to the Master IssuerCo-Issuers; (iv) All property delivered to the Series 20212020-1 2 Securities Intermediary pursuant to this Series 2021-1 Supplement will shall be promptly credited to the appropriate Series 20212020-1 2 Class A-2 Distribution Account; (v) Each item of property (whether investment property, security, instrument or cash) credited to any Series 20212020-1 2 Class A-2 Distribution Account shall be treated as a Financial Asset; (vi) If at any time the Series 20212020-1 2 Securities Intermediary shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 20212020-1 2 Class A-2 Distribution AccountsAccount, the Series 20212020-1 2 Securities Intermediary shall comply with such entitlement order without further consent by the Master IssuerCo-Issuers, any other Securitization Entity or any other Person; (vii) (A) The Series 20212020-1 2 Class A-2 Distribution Accounts Account shall be governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for . For purposes of all applicable UCCs, the State of New York shall be deemed to be the applicable Series 20212020-1 2 Securities Intermediary’s jurisdiction and the Series 20212020-1 2 Class A-2 Distribution Accounts Account (as well as the “security entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other regular activity of maintaining securities accounts; (viii) The No Series 20212020-1 2 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will Supplement shall not enter into, any agreement with any other Person relating to the Series 20212020-1 2 Class A-2 Distribution Accounts Account and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the such Series 20212020-1 2 Securities Intermediary has not entered into, and until the termination of this Series 2021-1 Supplement will shall not enter into, any agreement with the Master Issuer Co-Issuers purporting to limit or condition the obligation of the Series 20212020-1 2 Securities Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi3.9(b)(vi) of this Series 2021-1 Supplement; and (ix) Except for the claims and interest of the Trustee, the Secured Parties and the Securitization Entities in the Series 20212020-1 2 Class A-2 Distribution AccountsAccount, neither the any Series 20212020-1 2 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest in, any Series 20212020-1 2 Class A-2 Distribution Account or any Financial Asset credited thereto. If the any Series 20212020-1 2 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 20212020-1 2 Class A-2 Distribution Account or any Financial Asset carried therein, the Series 20212020-1 2 Securities Intermediary will shall promptly notify the Trustee, the ManagerManagers, the Servicer and the Master Issuer Co-Issuers thereof. (c) At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Series 20212020-1 2 Class A-2 Distribution Accounts Account and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 20212020-1 2 Class A-2 Distribution AccountsAccount; provided, however, that at all other times the Master Issuer Co-Issuers shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 20212020-1 2 Class A-2 Distribution AccountsAccount.