Long periods of high CPU usage by number of Microsoft Exchange processes (e.g. msexchangerepl.exe) that are causing performance bottlenecks and can lead to temporary service disruptions.
During high CPU utilization the Agent driver (Parity.sys) is spending too much time holding up the Exchange processes in kernel mode while evaluating file operations against existing rules.
If the issue persists, consider implementing the Kernel Exclusions as recommended by Microsoft:
kernelProcessExclusions=*\program files\microsoft\exchange server\v*\Microsoft.Exchange.*.exe:8388607,*\program files\microsoft\exchange server\v*\MSExchange*.exe:8388607,*\program files\microsoft\exchange server\v*\edgetransport.exe:8388607,*\program files\microsoft\exchange server\v*\hostcontrollerservice.exe:8388607,*\program files\microsoft\exchange server\v*\noderunner.exe:8388607
kernelFileOpExclusions=*.log:8388607,*.jsl:8388607,*.edb:8388607,*.que:8388607
If the issue persists, capture the Agent Performance Logs with a Standard Procmon Capture and open a case with Support.