Exhibit 4.5


 





EXECUTION VERSION





	 



 





J.P.
Morgan Chase Commercial Mortgage Securities Corp.,

as Depositor,



KEYBANK NATIONAL ASSOCIATION,

as Servicer,


 


KEYBANK NATIONAL ASSOCIATION,


Special Servicer,


 


WELLS FARGO BANK, NATIONAL ASSOCIATION,


as Trustee,


 


WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Certificate Administrator,


 


and


 


PARK BRIDGE LENDER SERVICES LLC,

as Operating Advisor


 





 



 


TRUST AND SERVICING AGREEMENT



Dated as of July 31, 2018



 





 



 


J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT


 










	 






     


     


    

 


EXECUTION VERSION


 


TABLE
OF CONTENTS


 


Page


 





	1.	DEFINITIONS	 
	 	 	 
	 	1.1.	Definitions	6
	 	1.2.	Interpretation	77
	 	1.3.	Certain Calculations in Respect of the Trust Loan or the Mortgage Loan	78
	 	 	 	 
	2.	DECLARATION OF TRUST; ORIGINAL ISSUANCE OF CERTIFICATES	 
	 	 	 
	 	2.1.	Creation and Declaration of Trust; Conveyance of the Trust Loan	80
	 	2.2.	Acceptance by the Trustee and the Certificate Administrator	83
	 	2.3.	Representations and Warranties of the Trustee	86
	 	2.4.	Representations and Warranties of the Certificate Administrator	87
	 	2.5.	Representations and Warranties of the Servicer and Special Servicer	89
	 	2.6.	Representations and Warranties of the Depositor	90
	 	2.7.	Representations and Warranties of the Operating Advisor	91
	 	2.8.	Representations and Warranties Contained in the Trust Loan Purchase Agreement	92
	 	2.9.	Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests	95
	 	2.10.	Miscellaneous REMIC Provisions	95
	 	2.11.	Resignation Upon Prohibited Risk Retention Affiliation	95
	 	 	 	 
	3.	ADMINISTRATION AND SERVICING OF THE MORTGAGE LOAN	 
	 	 	 
	 	3.1.	Servicer to Act as the Servicer; Special Servicer to Act as the Special Servicer	96
	 	3.2.	Sub-Servicing Agreements	98
	 	3.3.	Cash Management Account	100
	 	3.4.	Collection Account, Companion Loan Distribution Account and Interest Reserve Account	100
	 	3.5.	Distribution Account	106
	 	3.6.	Foreclosed Property Account	108
	 	3.7.	Appraisal Reductions	108
	 	3.8.	Investment of Funds in the Collection Account and Any Foreclosed Property Account	112
	 	3.9.	Payment of Taxes, Assessments, etc	113
	 	3.10.	Appointment of Special Servicer	114
	 	3.11.	Maintenance of Insurance and Errors and Omissions and Fidelity Coverage	120
	 	3.12.	Procedures with Respect to Defaulted Mortgage Loan; Realization upon the Properties	122
	 	3.13.	Certificate Administrator and Trustee to Cooperate; Release of Items in Mortgage File	125


 






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	 	3.14.	Title and Management of Foreclosed Property	125
	 	3.15.	Sale of Foreclosed Property	128
	 	3.16.	Sale of the Mortgage Loan	130
	 	3.17.	Servicing Compensation	133
	 	3.18.	Reports to the Certificate Administrator; Account Statements	137
	 	3.19.	[Reserved]	139
	 	3.20.	[Reserved]	139
	 	3.21.	Access to Certain Documentation Regarding the Mortgage Loan and Other Information	139
	 	3.22.	Inspections	140
	 	3.23.	Advances	140
	 	3.24.	Modifications of Mortgage Loan Documents	144
	 	3.25.	Conflicts of Interests; Mandatory Resignation of Servicer and Special Servicer May Own Certificates; Conflicts of Interest	146
	 	3.26.	The Operating Advisor	146
	 	3.27.	Rating Agency Confirmation	153
	 	3.28.	Miscellaneous Provisions	154
	 	3.29.	Companion Loan Intercreditor Matters	155
	 	3.30.	Additional Matters with Respect to the Trust Loan	156
	 	3.31.	Credit Risk Retention	160
	 	 	 	 
	4.	DISTRIBUTIONS AND STATEMENTS TO CERTIFICATEHOLDERS	 
	 	 	 
	 	4.1.	Distributions	160
	 	4.2.	Withholding Tax	166
	 	4.3.	Allocation and Distribution of Prepayment Charges	166
	 	4.4.	Statements to Certificateholders	167
	 	4.5.	Investor Q&A Forum; Investor Registry and Rating Agency Q&A Forum	170
	 	4.6.	Determination of LIBOR Rate Index, Prime Rate Index or Alternate Rate Index	174
	 	 	 	 
	5.	THE CERTIFICATES	 
	 	 	 
	 	5.1.	The Certificates	176
	 	5.2.	Form and Registration	178
	 	5.3.	Registration of Transfer and Exchange of Certificates	180
	 	5.4.	Mutilated, Destroyed, Lost or Stolen Certificates	187
	 	5.5.	Persons Deemed Owners	187
	 	5.6.	Access to List of Certificateholders’ Names and Addresses; Special Notices	188
	 	5.7.	Maintenance of Office or Agency	189
	 	 	 	 
	6.	THE DEPOSITOR, THE SERVICER, THE SPECIAL SERVICER AND THE OPERATING ADVISOR	 
	 	 
	 	6.1.	Respective Liabilities of the Depositor, the Servicer, the Special Servicer and the Operating Advisor	189


 






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	 	6.2.	Merger or Consolidation of the Servicer, the Special Servicer or the Operating Advisor	189
	 	6.3.	Limitation on Liability of the Depositor, the Servicer, the Special Servicer, the Operating Advisor and Others	189
	 	6.4.	Servicer and Special Servicer Not to Resign; Replacement of Servicer or Special Servicer	191
	 	6.5.	Ethical Wall.	192
	 	6.6.	Indemnification by the Servicer, the Special Servicer, the Operating Advisor and the Depositor	193
	 	 	 	 
	7.	SERVICER TERMINATION EVENTS; TERMINATION OF SPECIAL SERVICER WITHOUT CAUSE
	 	 
	 	7.1.	Servicer Termination Events; Special Servicer Termination Events	194
	 	7.2.	Trustee to Act; Appointment of Successor	202
	 	7.3.	[Reserved]	204
	 	7.4.	Other Remedies of Trustee	204
	 	7.5.	Waiver of Past Servicer Termination Events and Special Servicer Termination Events	204
	 	7.6.	Trustee as Maker of Advances	205
	 	 	 	 
	8.	THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR	 
	 	 	 
	 	8.1.	Duties of the Trustee and the Certificate Administrator	206
	 	8.2.	Certain Matters Affecting the Trustee and the Certificate Administrator	208
	 	8.3.	Neither the Trustee nor the Certificate Administrator is Liable for Certificates or the Mortgage Loan	210
	 	8.4.	Trustee and Certificate Administrator May Own Certificates	212
	 	8.5.	Trustee’s and Certificate Administrator’s Fees and Expenses	212
	 	8.6.	Eligibility Requirements for the Trustee and the Certificate Administrator; Errors and Omissions Insurance.	214
	 	8.7.	Resignation and Removal of the Trustee or the Certificate Administrator	215
	 	8.8.	Successor Trustee or Successor Certificate Administrator	218
	 	8.9.	Merger or Consolidation of the Trustee or the Certificate Administrator	219
	 	8.10.	Appointment of Co-Trustee or Separate Trustee	219
	 	8.11.	Appointment of Authenticating Agent and Custodian	220
	 	8.12.	Indemnification by the Trustee and the Certificate Administrator	221
	 	8.13.	Certificate Administrator and Servicer Not Responsible for Inconsistent Payment Information	222
	 	8.14.	Access to Certain Information	222
	 	 	 	 
	9.	CERTAIN MATTERS RELATING TO THE DIRECTING CERTIFICATEHOLDER
	 	 
	 	9.1.	Selection and Removal of the Directing Certificateholder	232
	 	9.2.	Limitation on Liability of Directing Certificateholder; Acknowledgements of the Certificateholders	234
	 	9.3.	Rights and Powers of the Directing Certificateholder	234


 






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	 	9.4.	Directing Certificateholder Contact with Servicer and Special Servicer	238
	 	 	 	 
	10.	TERMINATION	 
	 	 	 
	 	10.1.	Termination	238
	 	10.2.	Additional Termination Requirements	239
	 	10.3.	Trusts Irrevocable	240
	 	 	 	 
	11.	MISCELLANEOUS PROVISIONS	 
	 	 	 
	 	11.1.	Amendment	240
	 	11.2.	Recordation of Agreement; Counterparts	244
	 	11.3.	Governing Law; Waiver of Trial by Jury; Submission to Jurisdiction	244
	 	11.4.	Notices	245
	 	11.5.	Notices to the Rating Agencies	249
	 	11.6.	Severability of Provisions	249
	 	11.7.	Limitation on Rights of Certificateholders	249
	 	11.8.	Certificates Nonassessable and Fully Paid	250
	 	11.9.	Reproduction of Documents	250
	 	11.10. 	No Partnership	251
	 	11.11. 	Actions of Certificateholders	251
	 	11.12. 	Successors and Assigns	251
	 	11.13. 	Acceptance by Authenticating Agent, Certificate Registrar	252
	 	11.14. 	Streit Act	252
	 	11.15. 	Assumption by Trust of Duties and Obligations of the Trust Loan Seller Under the Mortgage Loan Documents	252
	 	11.16. 	Grant of a Security Interest	252
	 	11.17. 	Cooperation with the Trust Loan Seller with Respect to Rights Under the Mortgage Loan Agreement	253
	 	 	 	 
	12.	REMIC ADMINISTRATION	 
	 	 	 
	 	12.1.	REMIC Administration	253
	 	12.2.	Foreclosed Property	257
	 	12.3.	Prohibited Transactions and Activities	259
	 	12.4.	Indemnification with Respect to Certain Taxes and Loss of REMIC Status	259
	 	 	 	 
	13.	EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE	 
	 	 	 
	 	13.1.	Intent of the Parties; Reasonableness	260
	 	13.2.	Succession; Sub-Servicers; Subcontractors	260
	 	13.3.	Other Securitization Trust’s Filing Obligations	262
	 	13.4.	Form 10-D Disclosure	262
	 	13.5.	Form 10-K Disclosure	263
	 	13.6.	Form 8-K Disclosure	263
	 	13.7.	Annual Compliance Statements	264
	 	13.8.	Annual Reports on Assessment of Compliance with Servicing Criteria	265
	 	13.9.	Annual Independent Public Accountants’ Servicing Report	266






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	 	13.10.	Significant Obligor	267
	 	13.11.	Sarbanes-Oxley Backup Certification	268
	 	13.12.	Indemnification	269
	 	13.13.	Amendments	270
	 	13.14.	Termination of the Certificate Administrator	270
	 	13.15.	Termination of Sub-Servicing Agreements	270
	 	13.16.	Notification Requirements and Deliveries in Connection with Securitization of a Companion Loan	271



 

	EXHIBITS
	 
	Exhibit A-1	Form of Class A Certificates
	Exhibit A-2	Form of Class X-FL, Class XA-FX and Class XB-FX Certificates
	Exhibit A-3	Form of Class B Certificates
	Exhibit A-4	Form of Class C Certificates
	Exhibit A-5	Form of Class D Certificates
	Exhibit A-6	Form of Class E Certificates
	Exhibit A-7	Form of Class F Certificates
	Exhibit A-8	Form of Class G Certificates
	Exhibit A-9	Form of Class H Certificates
	Exhibit A-10	Form of Class HRR Certificates
	Exhibit A-11	Form of Class R Certificates
	Exhibit B	Form of Request for Release
	Exhibit C	Form of Transfer Certificate for Rule 144A Global Certificate to Temporary
	 	Regulation S Global Certificate
	Exhibit D	Form of Transfer Certificate for Rule 144A Global Certificate to Regulation S
	 	Global Certificate
	Exhibit E	Form of Transfer Certificate for Temporary Regulation S Global Certificate to
	 	Rule 144A Global Certificate during Restricted Period
	Exhibit F	Form of Certification to be given by Beneficial Owner of Temporary Regulation
	 	S Global Certificate
	Exhibit G	Form of Transfer Certificate of Non-Book Entry Certificate to Temporary
	 	Regulation S Global Certificate
	Exhibit H	Form of Transfer Certificate of Non-Book Entry Certificate to Regulation S
	 	Global Certificate
	Exhibit I	Form of Transfer Certificate of Non-Book Entry Certificate to Rule 144A Global
	 	Certificate
	Exhibit J-1	Form of Affidavit Pursuant to Section 860E(e) of the Internal Revenue Code of
	 	1986
	Exhibit J-2	Form of Transferor Letter
	Exhibit J-3	Form of ERISA Representation Letter
	Exhibit J-4	Form of Transferee Certificate for Transfers of Risk Retention Certificates
	Exhibit J-5	Form of Transferor Certificate for Transfers of Risk Retention Certificates
	Exhibit J-6	Form of Request of Sponsor Consent for Release of the HRR Certificates
	Exhibit K-1	Form of Investor Certification for Non-Borrower Affiliate
	Exhibit K-2	Form of Investor Certification for Borrower Affiliates
	Exhibit L	Applicable Servicing Criteria


 






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	Exhibit M	Form of NRSRO Certification
	Exhibit N-1	[Reserved]
	Exhibit N-2	[Reserved]
	Exhibit O	Form of Online Market Data Provider Certificate
	Exhibit P	Form of Investment Representation Letter
	Exhibit Q	CREFC®  Payment Information
	Exhibit R	Additional Form 10-D Disclosure
	Exhibit S	Additional Form 10-K Disclosure
	Exhibit T	Form 8-K Disclosure Information
	Exhibit U	Additional Disclosure Notification
	Exhibit V	Initial Sub-Servicers
	Exhibit W	Form of Annual Compliance Statement
	Exhibit X	Form of Report on Assessment of Compliance with Servicing Criteria
	Exhibit Y-1	Form of Certification to be Provided to Depositor by Servicer
	Exhibit Y-2	Form of Certification to be Provided to Depositor by Special Servicer
	Exhibit Y-3	Form of Certification to be Provided to Depositor by Certificate Administrator
	Exhibit Y-4	Form of Certification to be Provided to Depositor by Trustee
	Exhibit Y-5	Form of Certification to be Provided to Depositor by Operating Advisor
	Exhibit Z	Form of Operating Advisor Annual Report
	Exhibit AA	Form of Notice from Operating Advisor Recommending Replacement of Special Servicer
	Exhibit BB	Form of Certificate Administrator Receipt of Risk Retention Certificates




 




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THIS
TRUST AND SERVICING AGREEMENT (“Agreement”) is dated as of July 31, 2018 among J.P. Morgan Chase Commercial
Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer, KeyBank National Association, as Special Servicer,
Wells Fargo Bank, National Association, as Trustee, Wells Fargo Bank, National Association, as Certificate Administrator, and
Park Bridge Lender Services LLC, as Operating Advisor.


 


INTRODUCTORY
STATEMENT


 


Terms
not defined in this Introductory Statement shall have the meanings specified in Article 1 hereof.


 


Reference
is made to that certain componentized fixed and floating rate loan (the “Mortgage Loan”), evidenced by 12 promissory
notes (collectively, the “Notes”).


 


The
Mortgage Loan was originated by JPMorgan Chase Bank, National Association (“JPMCB”), (the “Mortgage
Loan Seller”) pursuant to that certain Loan Agreement, dated as of June 8, 2018 (as amended from time to time, the “Mortgage
Loan Agreement”), between JPMCB and the entities set forth therein (collectively, the “Borrowers”).
As of the Closing Date, the aggregate outstanding principal balance of the Mortgage Loan is $1,275,000,000.


 


The
Mortgage Loan consists of (a) a loan that has an unpaid principal balance as of the Closing Date of $1,105,000,000 (the “Trust
Loan”) and is evidenced by the promissory notes designated as Replacement Promissory Note A-1, Replacement Promissory
Note A-2, Replacement Promissory Note A-3, Replacement Promissory Note A-4, Replacement Promissory Note B-1 and Replacement Promissory
Note B-2 (as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split
or otherwise modified, the “Trust Notes”), and (b) loans that have an aggregate unpaid principal balance as
of the Closing Date of $170,000,000 (the “Companion Loans”) and are evidenced by the promissory notes designated
as Replacement Promissory Note A-5, Replacement Promissory Note A-6, Replacement Promissory Note A-7, Replacement Promissory Note
A-8, Replacement Promissory Note A-9 and Replacement Promissory Note A-10 (as the same may hereafter be amended, restated, replaced,
extended, renewed, supplemented, consolidated, severed, split or otherwise modified, the “Companion Loan Notes”).
The Trust Notes and the Companion Notes are collectively referred to herein as the “Notes”.


 


The
Trust Loan was sold and assigned by JPMCB (in such capacity, the “Trust Loan Seller”) to the Depositor pursuant
to a trust loan purchase and sale agreement, dated as of July 31, 2018 (the “Trust Loan Purchase Agreement”),
between the Trust Loan Seller and the Depositor. The Companion Loans are not part of the Trust Fund. The relative rights of the
respective lenders in respect of the Mortgage Loan are set forth in a co-lender agreement dated as of July 12, 2018 (as amended,
restated, supplemented or otherwise modified from time to time, the “Co-Lender Agreement”), among the holders
of the Trust Notes and the holders of the Companion Loan Notes. From and after the Closing Date, the entire Mortgage Loan is to
be serviced and administered in accordance with this Agreement.


 






     


     


    

 


As
provided for herein, the Certificate Administrator shall elect or shall cause elections to be made to treat designated portions
of the Trust Fund for federal income tax purposes as two separate real estate mortgage investment conduits (the “Upper-Tier
REMIC” and the “Lower-Tier REMIC” and, each, a “Trust REMIC”). The Regular Certificates
will represent the “regular interests” in the Upper-Tier REMIC, as further described herein. Each Class of Uncertificated
Lower-Tier Interests will represent a single class of “regular interests” in the Lower-Tier REMIC as further described
herein. The Class R Certificates will evidence the sole Class of “residual interests” in each of the Upper-Tier REMIC
and Lower-Tier REMIC for purposes of the REMIC Provisions under federal income tax law.


 


In
exchange for the Trust Loan and the Uncertificated Lower-Tier Interests, the Trust will issue to the Depositor all of the Class
A-FL, Class X-FL, Class B-FL, Class C-FL, Class D-FL, Class E-FL, Class F-FL, Class G-FL, Class H-FL, Class A-FX, Class XA-FX,
Class XB-FX, Class B-FX, Class C-FX, Class D-FX, Class E-FX, Class F-FX, Class G-FX, Class H-FX, Class HRR and Class R Certificates
(collectively, the “Certificates”), which Certificates in the aggregate will evidence the entire ownership
interest in the Trust. The Trust Fund consists principally of the Trust Loan, the Mortgage Loan Documents (exclusive of the rights
of the Companion Loan Holders thereunder) and all payments under, and proceeds of, the Trust Loan after the Cut-off Date.


 


The
Depositor intends to sell the Certificates to the Initial Purchasers in an offering exempt from the registration requirements
of the federal securities laws.


 


UPPER-TIER
REMIC


 


As
further described in Section 2.9, the Class A-FL, Class X-FL, Class B-FL, Class C-FL, Class D-FL, Class E-FL, Class F-FL,
Class G-FL, Class H-FL, Class A-FX, Class XA-FX, Class XB-FX, Class B-FX, Class C-FX, Class D-FX, Class E-FX, Class F-FX, Class
G-FX, Class H-FX Certificates and Class HRR (FL Component) and Class HRR (FX Component) will evidence “regular interests”
in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole Class of “residual interests”
in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates. The following table sets forth the
class designation, the initial pass-through rate (the “Initial Pass-Through Rate”) and the aggregate initial
Certificate Balance (the “Original Certificate Balance”) or Notional Amount (“Original Notional Amount”),
as applicable, for each Class of Certificates and the Class UT-R Interest comprising the interests in the Upper-Tier REMIC created
hereunder:


 





	Class

Designation
	 	Initial
                                         Pass-Through Rate

        (per
        annum)
	 	 	Original
 Certificate Balance or Original
 Notional Amount



	Class A-FL	 	 	LIBOR plus 0.9500%(1)	 	 	$	92,400,000	 
	Class X-FL	 	 	Variable IO(2)	 	 	$	154,660,000	(2)
	Class B-FL	 	 	LIBOR plus 1.2500%(1)	 	 	$	23,400,000	 
	Class C-FL	 	 	LIBOR plus 1.6500%(1)	 	 	$	19,020,000	 
	Class D-FL	 	 	LIBOR plus 2.2500%(1)	 	 	$	19,840,000	 
	Class E-FL	 	 	LIBOR plus 2.6000%(1)	 	 	$	16,340,000	 
	Class F-FL	 	 	LIBOR plus 2.9000%(1)	 	 	$	27,600,000	 
	Class G-FL	 	 	LIBOR plus 3.4000%(1)	 	 	$	21,800,000	 



 


 






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	Class

Designation
	 	Initial
                                         Pass-Through Rate

        (per
        annum)
	 	 	Original
 Certificate Balance or Original
 Notional Amount



	Class H-FL	 	 	LIBOR plus 5.6500%(1)	 	 	$	20,350,000	 
	Class A-FX	 	 	4.2475%		 	$	233,900,000	 
	Class XA-FX	 	 	Variable IO(3)	 	 	$	233,900,000	(3)
	Class XB-FX	 	 	Variable IO(4)	 	 	$	214,740,000	(4)
	Class B-FX	 	 	4.5487%		 	$	59,300,000	 
	Class C-FX	 	 	4.9498%		 	$	76,080,000	 
	Class D-FX	 	 	5.3503%		 	$	79,360,000	 
	Class E-FX	 	 	5.5422%		 	$	65,360,000	 
	Class F-FX	 	 	5.5422%		 	$	110,400,000	 
	Class G-FX	 	 	5.5422%		 	$	87,200,000	 
	Class H-FX	 	 	5.5422%		 	$	81,400,000	 
	Class HRR (FL Component)(7)	 	 	(5)		 	$	14,250,000	 
	Class HRR (FX Component)(7)	 	 	(5)		 	$	57,000,000	 
	Class UT-R	 	 	None(6)	 	 	 	None(6)    	 




 





 



 


		(1)	The
                                         Pass-Through Rates for the Floating Rate Certificates are subject to conversion to bear
                                         interest at the Certificate Prime Interest Rate or the Certificate Alternate Rate in
                                         the event that the Mortgage Loan becomes a Prime Rate Loan or an Alternate Rate Loan
                                         in accordance with the terms of the Mortgage Loan Agreement, to the extent set forth
                                         in Section 4.6 hereof.



 


		(2)	The
                                         Class X-FL Certificates will not have a Certificate Balance and will not be entitled
                                         to receive distributions of principal. Interest will accrue on such Class at the applicable
                                         Pass-Through Rate thereof on the applicable Notional Amount thereof. The Notional Amount
                                         of the Class X-FL Certificates will be equal to the aggregate Certificate Balance of
                                         the Class A-FL, B-FL, C-FL and D-FL Certificates. The Class X-FL Pass-Through Rate for
                                         any Certificate Interest Accrual Period is variable and will equal the weighted average
                                         of the Class X Strip Rates for each of the Class A-FL, Class B-FL, Class C-FL and Class
                                         D-FL Certificates (weighted on the basis of the Certificate Balances of such Classes
                                         outstanding immediately prior to such related Distribution Date).



 


		(3)	The
                                         Class XA-FX Certificates will not have a Certificate Balance and will not be entitled
                                         to receive distributions of principal. Interest will accrue on such Class at the applicable
                                         Pass-Through Rate thereof on the applicable Notional Amount thereof. The Notional Amount
                                         of the Class XA-FX Certificates will be equal to the Certificate Balance of the Class
                                         A-FX Certificates. The Class XA-FX Pass-Through Rate for any Certificate Interest Accrual
                                         Period is variable and for each Distribution Date shall equal the Class X Strip Rate
                                         for the Class A-FX Certificates for such Distribution Date.



 


		(4)	The
                                         Class XB-FX Certificates will not have a Certificate Balance and will not be entitled
                                         to receive distributions of principal. Interest will accrue on such Class at the applicable
                                         Pass-Through Rate thereof on the applicable Notional Amount thereof. The Notional Amount
                                         of the Class XB-FX Certificates will be equal to the Certificate Balance of the Class
                                         B-FX, Class C-FX and Class D-FX Certificates. The Class XB-FX Pass-Through Rate for any
                                         Certificate Interest Accrual Period is variable and for each Distribution Date shall
                                         equal the weighted average of the Class X Strip Rate for each of the Class B-FX, Class
                                         C-FX and Class D-FX Certificates for such Distribution Date (weighted on the basis of
                                         the Certificate Balances of such Classes outstanding immediately prior to such related
                                         Distribution Date).



 


		(5)	The
Class HRR Certificates will bear interest on each Distribution Date at a variable rate per annum that will produce an amount
equal to (i) the aggregate of interest accrued on (1) the Class HRR (FL Component) Balance of the Class HRR (FL Component) on
an actual/360 basis at the Class HRR (FL Component) Pass-Through Rate for such Distribution Date plus (2) the Class HRR (FX Component)
Balance of the Class HRR (FX



 






    -3-


     


    

 


Component)
on a 30/360 basis at the Class HRR (FX Component) Pass-Through Rate for such Distribution Date, divided by (b) the Certificate
Balance of the Class HRR Certificates, multiplied by (c) 12.


 


		(6)	The
                                         Class UT-R Interest (evidenced by the Class R Certificates) will not have a Certificate
                                         Balance or Notional Amount, will not bear interest and will not be entitled to distributions
                                         of Yield Maintenance Default Premium. Any Available Funds remaining in the Upper-Tier
                                         Distribution Account, after all required distributions under this Agreement have been
                                         made to each other Class of Certificates and the Class LT-R Interest, will be distributed
                                         to the Holders of the Class R Certificates in respect of the Class UT-R Interest.



 


		(7)	The
                                         Class HRR (FL Component) and Class HRR (FX Component) each represent a “regular
                                         interest” in the Upper-Tier REMIC.



 


LOWER-TIER
REMIC


 


The
Class LA-FL, Class LB-FL, Class LC-FL, Class LD-FL, Class LE-FL, Class LF-FL, Class LG-FL, Class LH-FL, Class LA-FX, Class LB-FX,
Class LC-FX, Class LD-FX, Class LE-FX, Class LF-FX, Class LG-FX, Class LH-FX, Class LHRR-FL and Class LHRR-FX Uncertificated Interests
will evidence “regular interests” in the Lower-Tier REMIC created hereunder. The Class LT-R Interest will constitute
the sole Class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class
R Certificates. The following table sets forth the initial Lower-Tier Principal Amounts and Pass-Through Rates for the Uncertificated
Lower-Tier Interests and the Class LT-R Interest comprising the interests in the Lower-Tier REMIC created hereunder:


 


	Class
 Designation	 	Pass-Through
    Rate	 	Original
    Lower-Tier
 Principal Amount
	Class LA-FL	 	 	(1	)	 	$	92,400,000	 
	Class LB-FL	 	 	(1	)	 	$	23,400,000	 
	Class LC-FL	 	 	(1	)	 	$	19,020,000	 
	Class LD-FL	 	 	(1	)	 	$	19,840,000	 
	Class LE-FL	 	 	(1	)	 	$	16,340,000	 
	Class LF-FL	 	 	(1	)	 	$	27,600,000	 
	Class LG-FL	 	 	(1	)	 	$	21,800,000	 
	Class LH-FL	 	 	(1	)	 	$	20,350,000	 
	Class LA-FX	 	 	(1	)	 	$	233,900,000	 
	Class LB-FX	 	 	(1	)	 	$	59,300,000	 
	Class LC-FX	 	 	(1	)	 	$	76,080,000	 
	Class LD-FX	 	 	(1	)	 	$	79,360,000	 
	Class LE-FX	 	 	(1	)	 	$	65,360,000	 
	Class LF-FX	 	 	(1	)	 	$	110,400,000	 
	Class LG-FX	 	 	(1	)	 	$	87,200,000	 
	Class LH-FX	 	 	(1	)	 	$	81,400,000	 
	Class LHRR-FL	 	 	(1	)	 	$	14,250,000	 
	Class LHRR-FX	 	 	(1	)	 	$	57,000,000	 
	Class LT-R	 	 	None(2)          	 	 	None(2)  	 





 





 






		(1)	For
                                         any Distribution Date the Pass-Through Rate for each of these Uncertificated Lower-Tier
                                         Interests shall be the Net Component Rate of the Related Component.



 


		(2)	The
Class LT-R Interest (evidenced by the Class R Certificates) will not have a Certificate Balance or Notional Amount, will not bear
interest and will not be entitled to distributions of Prepayment Charges. Any Available



 






    -4-


     


    

 


Funds constituting assets remaining
in the Lower-Tier Distribution Account after distributing the Lower-Tier Distribution Amount shall be distributed to the Holders
of the Class R Certificates in respect of the Class LT-R Interest (but only to the extent of the Available Funds for such Distribution
Date, if any, remaining in the Lower-Tier Distribution Account).


 


All
covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders and the Trustee
as Holder of the Uncertificated Lower-Tier Interests. The Depositor, the Servicer, the Special Servicer, the Certificate Administrator,
the Trustee and the Operating Advisor are entering into this Agreement, and the Trustee is accepting the trusts created hereby,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged.


 






    -5-


     


    

 


W
I T N E S E T H T H A T:


 


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


 


1.       DEFINITIONS


 


1.1.       Definitions.


 


Whenever
used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings
and such meanings shall be equally applicable to the singular and plural forms of such terms, as the context may require.


 


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


 


“17g-5
Information Provider’s Website”: The website of the 17g-5 Information Provider that will initially be located
within the Certificate Administrator’s Website (www.ctslink.com), under the ‘NRSRO’ tab on the page relating
to this transaction. Such website shall provide means of navigation for the Depositor and each NRSRO (including the Rating Agencies)
to the portion of the Certificate Administrator’s Website available to Privileged Persons.


 


“Acceptable
Insurance Default”: Any default arising when the Mortgage Loan Documents require that the Borrowers must maintain all
risk casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special Servicer
has determined, in its reasonable judgment in accordance with Accepted Servicing Practices, that (i) such insurance is not available
at commercially reasonable rates and the subject hazards are not commonly insured against by prudent owners of similar real properties
located in or near the geographic region in which the related Property is located (but only by reference to such insurance that
has been obtained by such owners at current market rates), or (ii) such insurance is not available at any rate. Each of the Servicer
(at its own expense) and the Special Servicer (as a Trust Fund Expense) shall be entitled to rely on insurance consultants in
making the determinations described in this definition.


 


“Accepted
Servicing Practices”: As defined in Section 3.1.


 


“Acquisition
Date”: The date upon which, under the Code (and in particular the REMIC Provisions and Section 856(e) of the Code),
the Trust Fund is deemed to have acquired one or more of the Properties.


 


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


 


“Additional
Compensation”: Default Interest and late payment fees (after all payments pursuant to Section 3.4(c)(iv) and
3.4(c)(vi) of this Agreement), Assumption Fees, Assumption Application Fees, substitution fees, release fees, Modification
Fees, consent fees, amounts collected for checks returned for insufficient funds on the Mortgage Loan, charges for beneficiary
statements or demands, loan processing fees, loan service transaction fees and similar fees and expenses actually paid by the
Borrowers under the Mortgage Loan to which the Servicer


 



    -6-


     


    

 


 and the Special Servicer, as applicable, is entitled (to the extent permitted
by (or not otherwise prohibited by) and specifically allocated to such amounts in accordance with the terms of the Mortgage Loan
Documents or pursuant to this Agreement and any interest or other income earned (net of losses (subject to Section 3.8(b))
on the investment of funds deposited in the Collection Account, any Foreclosed Property Account and any Reserve Account (only
to the extent such interest or other income is not required to be paid to any Borrower under any applicable law or under the Mortgage
Loan) pursuant to Section 3.8 of this Agreement.


 


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


 


“Additional
Form 10-D Disclosure” The information described in the Form 10-D items set forth under the “Item on Form 10-D”
column on Exhibit R hereto.


 


“Additional
Form 10-K Disclosure” The information described in the Form 10-K items set forth under the “Item on Form 10-K”
column on Exhibit S hereto.


 


“Additional
Servicer”: Each Affiliate of the Servicer or the Special Servicer that Services the Mortgage Loan and each Person who
is not an Affiliate of the Servicer, other than the Special Servicer or the Certificate Administrator, who Services the Mortgage
Loan as of any date of determination.


 


“Administrative
Advances”: As defined in Section 3.23(b).


 


“Advance”:
Any Administrative Advance, Monthly Payment Advance or any Property Protection Advance.


 


“Advance
Rate”: As defined in Section 3.23(d).


 


“Adverse
REMIC Event”: As defined in Section 12.1(j).


 


“Affiliate”:
With respect to any specified Person, any other Person, directly or indirectly, controlling or controlled by or under common control
with such specified Person. For the purposes of this definition, “control” when used with respect to any specified
Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership
of voting securities, by contract, relation to individuals or otherwise, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing. The Trustee and/or the Certificate Administrator may obtain and rely upon an Officer’s
Certificate of the Servicer, the Special Servicer, the Trustee (in the case of the Certificate Administrator), the Certificate
Administrator (in the case of the Trustee), the Operating Advisor, a Borrower or the Depositor, as applicable, to determine whether
any Person is an Affiliate of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor,
a Borrower or the Depositor.


 


“Agreement”:
This Trust and Servicing Agreement (including all exhibits hereto) and all amendments and supplements hereto.


 






    -7-


     


    

 


“Alternate
Rate”: As defined in the Mortgage Loan Agreement.


 


“Alternate
Rate Index”: As defined in the Mortgage Loan Agreement.


 


“Alternate
Rate Loan”: As defined in the Mortgage Loan Agreement.


 


“Allocated
Mortgage Loan Amount”: With respect to each Property, the Release Amount as defined in the Mortgage Loan Agreement for
such Property.


 


“Annual
Budget”: As defined in the Mortgage Loan Agreement.


 


“Applicable
Servicing Criteria”: With respect to the Servicer, the Special Servicer or any Servicing Function Participant, the Servicing
Criteria applicable to it, as set forth on Exhibit L attached hereto. For clarification purposes, multiple parties can
have responsibility for the same Applicable Servicing Criteria and with respect to a Servicing Function Participant engaged by
the Servicer or the Special Servicer, the term “Applicable Servicing Criteria” may refer to a portion of the
Applicable Servicing Criteria applicable to the Servicer or the Special Servicer, as the case may be.


 


“Applicable
Banking Law”: As defined in Section 8.2(d).


 


“Applied
Realized Loss Amount”: All amounts applied to reduce the Certificate Balance of a Class of Certificates in respect of
Realized Losses pursuant to Section 4.1(g).


 


“Appraisal”:
With respect to each Property or Foreclosed Property, an appraisal of such Property or Foreclosed Property, conducted by an Independent
Appraiser in accordance with the standards of the Appraisal Institute and certified by such Independent Appraiser as having been
prepared in accordance with the requirements of the Standards of Professional Practice of the Appraisal Institute with an “MAI”
designation and the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, as well as the Financial
Institutions Reform, Recovery and Enforcement Act of 1989, as amended; provided that after an initial “Appraisal”
has been obtained pursuant to the terms of this Agreement, an update of such initial Appraisal shall be considered an “Appraisal”
for all purposes hereunder. All Appraisals (and updates thereof) obtained pursuant to the terms of this Agreement shall include
a valuation using the “income capitalization – discounted cash flow approach” and set forth the discount rate
and terminal capitalization rate utilized by the Independent Appraiser. All calculations under this Agreement requiring that a
“value” or “appraised value” be used with respect to a Property or Foreclosed Property (as applicable)
shall use the most recently determined appraised value set forth in an Appraisal (or update thereof) unless a different valuation
is specifically required (such as the appraised value of a Property as of the day the Mortgage Loan was originated). With respect
to any Appraisal Reduction Amount calculated for purposes of determining an Appraisal Reduction Event, the appraised value (as
determined by an updated Appraisal) of the Properties securing the Mortgage Loan will be determined on an “as-is”
basis, based upon the current physical condition, use and zoning of the related Properties as of the date of the Appraisal.


 


“Appraisal
Reduction Amount”: As of any date of determination, an amount equal to the excess of (i) the outstanding principal balance
of the Mortgage Loan on such date plus the sum of (A) all accrued and unpaid interest on each Component at the applicable


 



    -8-


     


    

 


 Component
Rate, (B) all unreimbursed Administrative Advances, Property Protection Advances, interest on all Advances at the Advance Rate
in respect of the Mortgage Loan or Properties and interest on all Companion Loan Advances, (C) the amount of any Advances and
interest thereon previously reimbursed from principal collections on the Mortgage Loan that have not otherwise been recovered
from the Borrowers, (D) all currently due and unpaid real estate taxes and assessments and insurance premiums and all other amounts,
including, if applicable, ground rents, due and unpaid in respect of the Properties (which taxes, premiums and other amounts have
not been the subject of an Advance) and (E) to the extent not duplicative of amounts in clauses (B), (C) or (D),
all unpaid Trust Fund Expenses then due under this Agreement over (ii) the sum of (A) 90% of the appraised value (as determined
by an Appraisal) of the Properties less the amount of any liens (exclusive of Permitted Encumbrances) on the related Properties
senior to the lien of the Mortgage Loan Documents plus (B) any escrows with respect to the Mortgage Loan, including for taxes,
insurance premiums and ground rent, if any. The Trust Loan and the Companion Loans will be treated as a single mortgage loan for
purposes of calculating an Appraisal Reduction Amount. Any Appraisal Reduction Amount in respect of the Mortgage Loan will be
allocated first to Component HRR (pro rata to each component thereof based upon their respective outstanding principal
balances), up to the full outstanding principal balance thereof, then to Component H (pro rata to each component thereof
based upon their respective outstanding principal balances), up to the full outstanding principal balance thereof, then to Component
G (pro rata to each component thereof based upon their respective outstanding principal balances), up to the full outstanding
principal balance thereof, then to Component F (pro rata to each component thereof based upon their respective outstanding
principal balances), then to Component E (pro rata to each component thereof based upon their respective outstanding principal
balances), then to Component D (pro rata to each component thereof based upon their respective outstanding principal balances),
then to Component C (pro rata to each component thereof based upon their respective outstanding principal balances), then
to Component B (pro rata to each component thereof based upon their respective outstanding principal balances), and then
to Component A (pro rata to each component thereof based upon their respective outstanding principal balances), in each
case up to the full outstanding principal balance thereof. The portion of the Appraisal Reduction Amounts allocated to the Components
comprising the Trust Notes is referred to in this Offering Circular as the “Trust Appraisal Reduction Amount.”


 


“Appraisal
Reduction Event”: The earliest of (i) 60 days after an uncured payment delinquency (other than a delinquency in respect
of the Balloon Payment) occurs in respect of the Mortgage Loan, (ii) 90 days after an uncured delinquency occurs in respect of
the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within 120 days after the Maturity Date of the Mortgage
Loan (as evidenced by a fully executed term sheet or refinancing commitment or a signed purchase and sale agreement in a manner
consistent with CMBS market practices and that is satisfactory in form and substance to the Servicer from an acceptable lender
or purchaser delivered on or prior to the due date of such Balloon Payment that provides that such refinancing or sale will occur
within 120 days after the Maturity Date), in which case 120 days after such uncured delinquency, (iii) 60 days after a reduction
in Monthly Payments or Balloon Payment or a material adverse economic change with respect to the terms of the Mortgage Loan has
become effective, (iv) 60 days after an extension of the Maturity Date of the Mortgage Loan (except for an extension within the
time periods described in clause (ii) above), (v) immediately after a receiver has been appointed in respect of any of
the Properties on


 



    -9-


     


    

 


 behalf of the Trust or any other creditor, (vi) immediately after any Loan Party declares, or becomes the subject
of, bankruptcy, insolvency or similar proceeding, admits in writing the inability to pay its debts as they came due or makes an
assignment for the benefit of creditors, or (vii) immediately after a Property becomes a Foreclosed Property.


 


“Appraised-Out
Class”: As defined in Section 3.7(e).


 


“ASR
Consultation Process”: As defined in Section 3.10(n).


 


“Asset
Status Report”: As defined in Section 3.10(i).


 


“Assignment
of Interest Rate Cap Agreement”: As defined in the Mortgage Loan Agreement.


 


“Assignment
of Management Agreement”: With respect to any Property, as defined in the Mortgage Loan Agreement.


 


“Assignment
of Mortgage”: An assignment of the applicable Mortgage without recourse, notice of transfer or equivalent instrument,
in recordable form, which is sufficient under the laws of the jurisdiction in which the related Property is located to reflect
of record the assignment of the Mortgage to the Trustee on behalf of the Trust Fund; provided, however, that the
Trustee, the Certificate Administrator, the Servicer and the Special Servicer shall not be responsible for determining whether
any such assignment is legally sufficient or in recordable form.


 


“Assumed
Monthly Payment”: With respect to any Distribution Date (including any Distribution Date following a delinquency in
the payment of the Balloon Payment or the foreclosure of the Mortgage Loan or acceptance on behalf of the Trust and the Companion
Loan Holders of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan) shall be equal to the scheduled monthly
payment of interest that would have been due in respect of the Floating Rate Loan or the Fixed Rate Trust Loan on the Floating
Rate Trust Loan Maturity Date or the Fixed Rate Loan Maturity Date, as applicable (excluding the principal portion of the applicable
Balloon Payment), and each subsequent Payment Date (or Assumed Payment Date) if the Trust Loan had been required to continue to
accrue interest in accordance with its terms (other than Default Interest), in effect immediately prior to, and without regard
to the occurrence of the Floating Rate Loan Maturity Date or the Fixed Rate Trust Loan Maturity Date, as applicable, or the occurrence
of a foreclosure of the Mortgage Loan or acceptance on behalf of the Trust and the Companion Loan Holders of a deed-in-lieu of
foreclosure or comparable conversion of the Mortgage Loan, in respect of the Trust Loan on the last Payment Date (or Assumed Payment
Date) prior to its foreclosure or acceptance of a deed-in-lieu, in each case as such terms may have been modified, and such Floating
Rate Loan Maturity Date or Fixed Rate Loan Maturity Date, as applicable, may have been extended, in connection with a bankruptcy
or similar proceeding involving the Borrowers or otherwise or a modification, waiver or amendment granted or agreed to by the
Servicer or the Special Servicer.


 


“Assumed
Payment Date”: With respect to the Trust Loan for any calendar month following a delinquency in the payment of the Balloon
Payment or the foreclosure of the Mortgage Loan or acceptance by the Trustee on behalf of the Trust Fund and the Companion


 



    -10-


     


    

 


Loan
Holders of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan, the date that would have been the Payment
Date in such calendar month if the Maturity Date or the foreclosure of the Mortgage Loan or acceptance by the Trustee on behalf
of the Trust Fund and the Companion Loan Holders of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan
had not occurred.


 


“Assumption
Application Fees”: With respect to the Mortgage Loan, any and all assumption application fees actually paid by or on
behalf of the Borrowers in accordance with the Mortgage Loan Documents, with respect to any application submitted to the Servicer
or the Special Servicer for a proposed assumption or substitution transaction or proposed transfer of an interest in any Borrower.


 


“Assumption
Fees”: Any and all assumption fees actually paid by or on behalf of the Borrowers in accordance with the Mortgage Loan
Documents, with respect to any assumption or substitution agreement entered into by the Servicer or the Special Servicer or paid
by or on behalf of a Borrower with respect to any transfer of an interest in any Borrower.


 


“Authenticating
Agent”: As defined in Section 8.11(a).


 


“Available
Funds”: With respect to any Distribution Date, an amount equal to (i) all amounts (other than Prepayment Charges) received
in respect of the Mortgage Loan during the related Collection Period or advanced in respect of interest with respect to such Distribution
Date (including, without limitation, any Repurchase Price for the Trust Loan or purchase price of the Mortgage Loan received by
the Trust, Condemnation Proceeds, Insurance Proceeds and/or Liquidation Proceeds received by the Trust), plus (ii) if such
Distribution Date is the Distribution Date occurring in March of each year (or February, if such Distribution Date is the final
Distribution Date), Withheld Amounts to be withdrawn from the Interest Reserve Account for such Distribution Date, minus
(iii) an amount equal to the applicable Withheld Amount in the case of the February Distribution Date and any January Distribution
Date occurring in a year that is not a leap year (unless, in either case, such Distribution Date is the final Distribution Date),
minus (iv) Trust Fund Expenses, any portion of such amounts received in respect of the Mortgage Loan that are required
to be distributed to the Companion Loan Holders pursuant to the terms of the Co-Lender Agreement and any other Available Funds
Reduction Amount for such Distribution Date.


 


“Available
Funds Reduction Amount”: As of each Distribution Date, all amounts withdrawn on the related Remittance Date or during
the related Collection Period from the Collection Account pursuant to Section 3.4(c).


 


“Balloon
Payment”: The payment of the outstanding principal balance of the Floating Rate Loan, the Fixed Rate Trust Loan or the
Companion Loans, as applicable, together with all accrued and unpaid interest due and payable on such portion of the Mortgage
Loan, due and payable on the Floating Rate Loan Maturity Date or the Fixed Rate Trust Loan Maturity Date, as applicable or such
other date on which the outstanding principal balance of each such portion of the Mortgage Loan becomes due and payable, whether
by declaration of acceleration or otherwise.


 






    -11-


     


    

 


“Base
Interest Fraction”: With respect to any principal prepayment on the Components of the Trust Loan and with respect to
any Class of Certificates is a fraction (A) whose numerator is the greater of (x) zero and (y) the positive difference between
(i) the Pass-Through Rate on such Class of Certificates for the related Distribution Date, and (ii) the Prepayment Rate used in
calculating the Prepayment Charges, as applicable, with respect to such principal prepayment and (B) whose denominator is the
positive difference between (i) the Net Component Rate on the related Component of the Mortgage Loan and (ii) the Prepayment Rate
used in calculating the Prepayment Charges, as applicable, with respect to such principal prepayment; provided, however,
that under no circumstances will the Base Interest Fraction be greater than one. If the Prepayment Rate is greater than the Component
Rate on the related Component, then the Base Interest Fraction shall equal zero.


 


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


 


“Borrowers”:
As defined in the Introductory Statement.


 


“Borrower
Affiliate”: Any of the Borrowers, the Borrower Sponsor, the Guarantor (or any replacement guarantor), the Manager, the
general partner or managing member of any of the foregoing or any of their respective Control Affiliates or agents.


 


“Borrower
Sponsor”: Workspace Property Trust, L.P.


 


“Business
Day”: With respect to this Agreement, any day other than a Saturday, Sunday or any other day on which (a) national banks
in New York, New York, Kansas or Ohio, (b) the place of business of the Trustee, the Certificate Administrator, the Servicer,
the Special Servicer, the Operating Advisor or the financial institution that maintains the Collection Account or the Foreclosed
Property Account for or on behalf of the Servicer or the Special Servicer or any Reserve Account, or (c) the New York Stock Exchange
or the Federal Reserve Bank of New York, in each case are not open for business.


 


“Cash
Management Account”: As defined in the Mortgage Loan Agreement.


 


“Cash
Management Agreement”: As defined in the Mortgage Loan Agreement.


 


“CERCLA”:
The Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S. C. §§ 9601 et seq.,
as amended.


 


“Certificate”:
Any Class A-FL, Class X-FL, Class B-FL, Class C-FL, Class D-FL, Class E-FL, Class F-FL, Class G-FL, Class H-FL, Class A-FX, Class
XA-FX, Class XB-FX, Class B-FX, Class C-FX, Class D-FX, Class E-FX, Class F-FX, Class G-FX, Class H-FX, Class HRR or Class R Certificate.


 






    -12-


     


    

 


“Certificate
Administrator”: Wells Fargo Bank, National Association, a national banking association, or its successor in interest,
or any successor Certificate Administrator appointed as herein provided. Wells Fargo Bank, National Association will perform its
obligations through its Corporate Trust Services division.


 


“Certificate
Administrator Fee”: With respect to the Trust Loan and for any Distribution Date, an amount accrued during the related
Mortgage Loan Interest Accrual Period at the Certificate Administrator Fee Rate on the outstanding principal balance of the Trust
Loan as of the close of business on the Distribution Date in such Mortgage Loan Interest Accrual Period; provided that
such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest
payment due or deemed due on the Trust Loan is computed and shall be prorated for partial periods. A portion of the Certificate
Administrator Fee, namely the Trustee Fee, shall be payable to the Trustee. For the avoidance of doubt, the Certificate Administrator
Fee shall be deemed to be payable from the Lower-Tier REMIC.


 


“Certificate
Administrator Fee Rate”: With respect to the Trust Loan, a rate equal to 0.0042% per annum, calculated on the
same interest accrual basis as the Mortgage Loan. A portion of the Certificate Administrator Fee Rate shall constitute the Trustee
Fee Rate and shall be payable to the Trustee.


 


“Certificate
Administrator’s Website”: The website of the Certificate Administrator, initially located at www.ctslink.com.


 


“Certificate
Alternate Rate”: With respect to each Class of Floating Rate Certificates and each Certificate Interest Accrual Period,
the per annum rate of interest of the Certificate Alternate Rate Index determined as of the LIBOR Determination Date immediately
preceding the commencement of such Certificate Interest Accrual Period, plus the Certificate Alternate Rate Spread; provided
that in no event shall the Certificate Alternate Rate be less than the Certificate Minimum Rate.


 


“Certificate
Alternate Rate Index”: With respect to the Floating Rate Certificates, a rate index designated as the “Alternate
Rate Index” under the Mortgage Loan Agreement which will be a floating rate index (a) that is commonly accepted by market
participants in CMBS loans as an alternative to LIBOR and (b) that is publicly recognized by the International Swaps and Derivatives
Association (ISDA) as an alternative to LIBOR; provided that in no event will the Certificate Alternate Rate Index be less
than 0.25%.


 


The
“Certificate Alternate Rate Spread” For each Class of Floating Rate Certificates:


 


(1)       in
connection with a conversion of the Floating Rate Certificates from LIBOR to an Alternate Rate Index, the difference (expressed
as the number of basis points) of (a) LIBOR plus the Certificate Spread for such Class on the LIBOR Determination Date for which
LIBOR was last applicable to the Floating Rate Loan, minus (b) the Certificate Alternate Rate Index as of such LIBOR Determination
Date; and


 






    -13-


     


    

 


(2)       in
connection with a conversion of the Floating Rate Certificates from the Prime Rate Index to an Alternate Rate Index, the difference
(expressed as the number of basis points) of (a) LIBOR plus the Certificate Spread for such Class on the LIBOR Determination Date
for which LIBOR was last applicable to the Floating Rate Loan, minus (b) the Certificate Alternate Rate Index as of the LIBOR
Determination Date that the Prime Rate Index was last applicable to the Mortgage Loan;


 


provided,
however, that in either such case, if such difference is a negative number, then the Certificate Alternate Rate Spread will
be zero.


 


“Certificate
Balance”: With respect to any outstanding Class of Principal Balance Certificates at any date, an amount equal to the
aggregate initial Certificate Balance of such Class as set forth in the Introductory Statement less the sum of (a) all amounts
distributed to Certificateholders of such Class on all previous Distribution Dates and treated under this Agreement as allocable
to principal and (b) the aggregate amount of Realized Losses allocated to such Class of Certificates, if any, pursuant to Section
4.1(g). With respect to any individual Certificate in any Class, the product of (x) the Percentage Interest represented by
such Certificate multiplied by (y) the Certificate Balance of such Class.


 


“Certificate
Interest Accrual Period”: With respect to each Class of Series FX Certificates and any Distribution Date, the calendar
month preceding the month in which such Distribution Date occurs. With respect to each Class of Series FL Certificates and any
Distribution Date, the period beginning on the 5th day of the month preceding the month in which such Distribution Date occurs
(or with respect to the first Distribution Date after the Closing Date, the Closing Date) and ending on the 4th day of the month
in which such Distribution Date occurs.


 


“Certificate
Minimum Rate”: For any Class of Floating Rate Certificates after the conversion to the Prime Interest Rate or the Alternate
Rate, 0.25% per annum plus the Certificate Spread for such Class.


 


“Certificate
Register” and “Certificate Registrar”: The register maintained and the registrar appointed pursuant
to Section 5.3(a).


 


“Certificateholder”
or “Holder”: With respect to any Certificate, the Person in whose name a Certificate is registered in the Certificate
Register; provided, however, that solely for the purposes of providing, distributing or otherwise making available
any reports, statements, communications or other information as required or permitted to be provided, distributed or made available
to a Certificateholder under this Agreement, a Certificateholder shall include any Beneficial Owner to the extent that the Person
providing, distributing or making available such reports, statements, communications or other information has received from such
Beneficial Owner an Investor Certification that such Person is a Beneficial Owner; and provided further that, solely for
the purposes of giving any consent, waiver, request or demand or taking any action (including, without limitation, selecting or
appointing a Directing Certificateholder), any Certificate beneficially owned by the Servicer, the Special Servicer, the Trustee,
the Certificate Administrator, any Borrower Affiliate, the Manager or any of their sub-servicers, or any of their respective Affiliates
or agents, shall be deemed not to be outstanding and the Voting Rights to


 



    -14-


     


    

 


 which it is entitled and the Certificate Balance of
such Certificate shall not be taken into account in determining whether the requisite percentage of Voting Rights and/or of the
Certificate Balance of the Certificates or any Class of Certificates necessary to take any such action or effect any such consent,
waiver, request or demand has been obtained; provided that the foregoing limitation will not be construed so as to limit
or prevent a Controlling Class Certificateholder or the Directing Certificateholder, solely based on it being an Affiliate of
the Special Servicer, from exercising any appointment, consent or consultation rights it may have under this Agreement solely
in its capacity as Controlling Class Certificateholder or Directing Certificateholder (unless, for the avoidance of doubt, the
Controlling Class Certificateholder or Directing Certificateholder is the Servicer, the Trustee, the Certificate Administrator,
any Borrower Affiliate, any Restricted Loan Party, the Manager or any of the subservicers or respective Affiliates or agents of
the foregoing). Notwithstanding the foregoing, for purposes of obtaining the consent of Certificateholders to an amendment of
this Agreement, any Certificate beneficially owned by the Trustee, the Certificate Administrator, the Servicer, the Special Servicer
or any of their respective Affiliates shall be deemed to be outstanding; provided that such amendment does not relate to the termination
of, increase in compensation of or material reduction in obligations of, the Trustee, the Certificate Administrator, the Servicer,
the Special Servicer or any of their Affiliates (other than solely in its capacity as a Certificateholder) in any material respect,
in which case such Certificate shall be deemed not to be outstanding. The Trustee, the Certificate Administrator and the Certificate
Registrar may obtain and conclusively rely upon an Officer’s Certificate of the Depositor, the Servicer, the Special Servicer,
the Certificate Administrator (in the case of the Trustee), the Trustee (in the case of the Certificate Administrator), the Borrowers,
a Borrower Affiliate, the Manager, or any sub-servicer to determine whether a Certificate is beneficially owned by an Affiliate
of any of them.


 


“Certificateholder
Quorum”: In connection with any solicitation of votes in connection with the replacement of the Special Servicer described
in Section 7.1(e) (other than at the recommendation of the Operating Advisor), the Holders of Certificates evidencing at
least 50% of the aggregate Voting Rights (taking into account the application of Realized Losses and the application of any Trust
Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the Certificates pursuant to the terms of this Agreement)
of all Certificates.


 






    -15-


     


    

 


“Certificate
Prime Interest Rate”: With respect to each Class of Floating Rate Certificates and each Certificate Interest Accrual
Period, a per annum rate equal to the Prime Rate Index determined as of the LIBOR Determination Date immediately preceding
the commencement of such Certificate Interest Accrual Period, plus the Certificate Prime Rate Spread; provided, however,
in no event shall the Certificate Prime Interest Rate be deemed to be less than the Certificate Minimum Rate.


 


“Certificate
Prime Rate Spread”: For any Class of Floating Rate Certificates means, in connection with a conversion of the Floating
Rate Certificates from LIBOR to the Prime Rate Index, the difference (expressed as the number of basis points) of (a) LIBOR on
the LIBOR Determination Date for which LIBOR was last applicable to the Floating Rate Loan plus the Certificate Spread minus (b)
the Prime Rate Index as of such LIBOR Determination Date; provided however that if such difference is a negative number,
the Certificate Prime Rate Spread will be zero.


 


“Certificate
Spread”: For any Class of Floating Rate Certificates, the rate per annum set forth in the table below:


 


	Class
of Certificates
	Certificate
Spread(1)

	Class
    A-FL	0.9500%
	Class
    B-FL	1.2500%
	Class
    C-FL	1.6500%
	Class
    D-FL	2.2500%
	Class
    E-FL	2.6000%
	Class
    F-FL	2.9000%
	Class
    G-FL	3.4000%
	Class
    H-FL	5.6500%
	Class
    HRR (FL Component)	9.0000%




 





 



 





(1)       The
Certificate Spread for each Class of Floating Rate Certificates will increase by 0.25% upon the commencement of the second Floating
Rate Loan Extension Term.


 


“Class”:
With respect to the Certificates, all of the Certificates bearing the same alphabetical, numerical and series class designation,
and each Uncertificated Lower-Tier Interest.


 


“Class
A Certificate”: Any of the Class A-FL and Class A-FX Certificates.


 


“Class
A Component”: The Component of the Mortgage Loan designated as Component A in the Mortgage Loan Agreement.


 


“Class
A-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-1 hereto and designated as a Class A-FL Certificate.


 






    -16-


     


    

 


“Class
A-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
A-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-1 hereto and designated as a Class A-FX Certificate.


 


“Class
A-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Initial Pass-Through Rate for
such Class.


 


“Class
B Certificate”: Any of the Class B-FL and Class B-FX Certificates.


 


“Class
B Component”: The Component of the Mortgage Loan designated as Component B in the Mortgage Loan Agreement.


 


“Class
B-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-3 hereto and designated as a Class B-FL Certificate.


 


“Class
B-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
B-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-3 hereto and designated as a Class B-FX Certificate.


 


“Class
B-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Initial Pass-Through Rate for
such Class.


 


“Class
C Certificate”: Any of the Class C-FL or Class C-FX Certificates.


 


“Class
C Component”: The Component of the Mortgage Loan designated as Component C in the Mortgage Loan Agreement.


 


“Class
C-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-4 hereto and designated as a Class C-FL Certificate.


 


“Class
C-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
C-FX Certificate”: On each Distribution Date, a per annum rate equal to the Initial Pass-Through Rate for such
Class.


 






    -17-


     


    

 


“Class
C-FX Pass-Through Rate”: As set forth in “Description of the Certificates—Payment on the Certificates”
in the Offering Circular; provided that such Pass-Through Rate for the initial Distribution Date shall be as set forth
in the Preliminary Statement hereto.


 


“Class
D Certificate”: Any of the Class D-FL and Class D-FX Certificates.


 


“Class
D-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-5 hereto and designated as a Class D-FL Certificate.


 


“Class
D-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
D-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-5 hereto and designated as a Class D-FX Certificate.


 


“Class
D-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Initial Pass-Through Rate for
such Class.


 


“Class
E Certificate”: Any of the Class E-FL and Class E-FX Certificates.


 


“Class
E-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-6 hereto and designated as a Class E-FL Certificate.


 


“Class
E-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
E-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-6 hereto and designated as a Class E-FX Certificate.


 


“Class
E-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Net Component Rate of Component
E-FX.


 


“Class
F Certificate”: Any of the Class F-FL and Class F-FX Certificates.


 


“Class
F-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-7 hereto and designated as a Class F-FL Certificate.


 


“Class
F-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 






    -18-


     


    

 


“Class
F-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-7 hereto and designated as a Class F-FX Certificate.


 


“Class
F-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Net Component Rate of Component
F-FX.


 


“Class
G Certificate”: Any of the Class G-FL and Class G-FX Certificates.


 


“Class
G-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-8 hereto and designated as a Class G-FL Certificate.


 


“Class
G-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
G-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-8 hereto and designated as a Class G-FX Certificate.


 


“Class
G-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Net Component Rate of Component
G-FX.


 


“Class
H Certificate”: Any of the Class H-FL and Class H-FX Certificates.


 


“Class
H-FL Certificate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread, subject
to a conversion to the Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
H-FL Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate Spread,
subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6 hereof.


 


“Class
H-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-9 hereto and designated as a Class H-FX Certificate.


 


“Class
H-FX Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Net Component Rate of Component
H-FX.


 


“Class
HRR Certificate”: A Certificate executed and authenticated by the Certificate Administrator in substantially the form
set forth in Exhibit A-10 hereto and designated as a Class HRR Certificate. The Class HRR Certificates will evidence the
Class HRR (FL Component) and the Class HRR (FX Component).


 






    -19-


     


    

 


“Class
HRR (FL Component)”: A class of regular interests in the Upper-Tier REMIC represented by the Class HRR Certificates
that has the original Certificate Balance and Pass-Through Rate set forth in the Introductory Statement.


 


“Class
HRR (FL Component) Balance”: With respect to Class HRR (FL Component) at any date, an amount equal to the aggregate
initial balance of Class HRR (FL Component) as set forth in the table in the Introductory Statement less the sum of (a) all amounts
distributed to Certificateholders in respect of Class HRR (FL Component) on all previous Distribution Dates and treated under
this Agreement as allocable to principal and (b) the aggregate amount of Realized Losses allocated to Class HRR (FL Component),
if any, pursuant to Section 4.1(g).


 


“Class
HRR (FL Component) Pass-Through Rate”: On each Distribution Date, a per annum rate equal to LIBOR plus the Certificate
Spread, subject to a conversion to the Certificate Alternate Rate Index or the Prime Rate Index, as set forth in Section 4.6
hereof.


 


“Class
HRR (FX Component)”: A class of regular interests in the Upper-Tier REMIC represented by the Class HRR Certificates
that has the original Certificate Balance and Pass-Through Rate set forth in the Introductory Statement.


 


“Class
HRR (FX Component) Balance”: With respect to Class HRR (FX Component) at any date, an amount equal to the aggregate
initial balance of Class HRR (FX Component) as set forth in the table in the Introductory Statement less the sum of (a) all amounts
distributed to Certificateholders in respect of Class HRR (FX Component) on all previous Distribution Dates and treated under
this Agreement as allocable to principal and (b) the aggregate amount of Realized Losses allocated to Class HRR (FX Component),
if any, pursuant to Section 4.1(g).


 


“Class
HRR (FX Component) Pass-Through Rate”: On each Distribution Date, a per annum rate equal to the Net Component
Rate of Component HRR-FX.


 


“Class
HRR Pass-Through Rate”: On each Distribution Date, a variable rate per annum that will produce an amount equal
to (i) the aggregate of interest accrued on (1) the Class HRR (FL Component) Balance of the Class HRR (FL Component) on an actual/360
basis at the Class HRR (FL Component) Pass-Through Rate for such Distribution Date plus (2) the Class HRR (FX Component) Balance
of the Class HRR (FX Component) on a 30/360 basis at the Class HRR (FX Component) Pass-Through Rate for such Distribution Date,
divided by (b) the Certificate Balance of the Class HRR Certificates, multiplied by (c) 12.


 


“Class
LA-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LA-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 






    -20-


     


    

 


“Class
LB-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LB-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LC-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LC-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LD-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LD-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LE-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LE-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LF-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LF-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LG-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LG-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 






    -21-


     


    

 


“Class
LH-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LH-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LHRR-FL Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LHRR-FX Uncertificated Interest”: A regular interest in the Lower-Tier REMIC, which is held as an asset of the Upper-Tier
REMIC and has the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Introductory Statement.


 


“Class
LT-R Interest”: The residual interest in the Lower-Tier REMIC. The Class LT-R Interest will be represented by the Class
R Certificates.


 


“Class
Principal Distribution Amount”: For each Distribution Date and each Class of Principal Balance Certificates, the sum
of (i) (x) prior to the occurrence of a Liquidation Event and so long as a Mortgage Loan Event of Default has not occurred and
is continuing, the Regular Principal Distribution Amount for such Class of Certificates and such Distribution Date, or (y) after
the occurrence of a Liquidation Event or if a Mortgage Loan Event of Default has occurred and is continuing, the Liquidation/Default
Principal Distribution Amount for such Distribution Date and such Class of Certificates, plus (ii) the aggregate Principal Shortfalls
for such Class of Certificates in respect of prior Distribution Dates.


 


“Class
R Certificate”: A Certificate executed and authenticated by the Certificate Administrator, in substantially the form
set forth in Exhibit A-11 hereto and designated as a Class R Certificate. The Class R Certificates have neither a Certificate
Balance nor a Pass-Through Rate. The Class R Certificates will evidence the Class LT-R and Class UT-R Interests.


 


“Class
UT-R Interest”: The residual interest in the Upper-Tier REMIC. The Class UT-R Interest will be represented by the Class
R Certificates.


 


“Class
X Certificates”: The Class X-FL, Class XA-FX and/or Class XB-FX Certificates, as applicable.


 


“Class
XA-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator, in substantially the
form set forth in Exhibit A-2 and designated as a Class XA-FX Certificate.


 


“Class
XA-FX Notional Amount”: The aggregate Certificate Balance of the Class A-FX Certificates.


 






    -22-


     


    

 


“Class
XA-FX Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.


 


“Class
XB-FX Certificate”: A Certificate executed and authenticated by the Certificate Administrator, in substantially the
form set forth in Exhibit A-2 and designated as a Class XB-FX Certificate.


 


“Class
XB-FX Notional Amount”: The aggregate Certificate Balance of the Class B-FX, Class C-FX and Class D-FX Certificates.


 


“Class
XB-FX Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.


 


“Class
X-FL Certificate”: A Certificate executed and authenticated by the Certificate Administrator, in substantially the form
set forth in Exhibit A-2 and designated as a Class X-FL Certificate.


 


“Class
X-FL Notional Amount”: The Certificate Balance of the Class A-FL, Class B-FL, Class C-FL and Class D-FL Certificates.


 


“Class
X-FL Pass-Through Rate”: As set forth in the Upper-Tier REMIC section of the Introductory Statement of this Agreement.


 


“Class
X Strip Rate”: For any Distribution Date for (1) each of the Class A-FX, Class B-FX, Class C-FX and Class D-FX Certificates
shall equal the excess of (i) the applicable Net Component Rate of the Related Component for such Distribution Date over (ii)
the Pass-Through Rate of such Class of Certificates and (2) each of the Class A-FL, Class B-FL, Class C-FL and Class D-FL Certificates
shall equal the excess of (i) the applicable Net Component Rate for the Related Component for such Distribution Date over (ii)
the Pass-Through Rate of such Class of Certificates for such Distribution Date.


 


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


 


“Clearstream”:
As defined in Section 5.2(a).


 


“Closing
Date”: July 31, 2018.


 


“Co-Lender
Agreement”: As defined in the Introductory Statement.


 


“Code”:
The Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury regulations issued pursuant thereto in temporary or final form and any proposed
regulations thereunder, to the extent that, by reason of their proposed effective date, such proposed regulations would apply
to the Trust Fund.


 






    -23-


     


    

 


“Collateral”:
The Properties securing the Mortgage Loan, the Mortgage Loan Documents assigned with respect to the Mortgage Loan, the Reserve
Accounts (and all sums held, deposited or invested therein and all proceeds thereof) with respect to the Mortgage Loan and all
other collateral that is subject to security interests and liens granted to secure the Mortgage Loan under the terms of the Mortgage
Loan Documents.


 


“Collection
Account”: As defined in Section 3.4(a).


 


“Collection
Period”: (i) With respect to the first Distribution Date following the Closing Date, the period commencing on and including
the Closing Date and ending on and including the Determination Date relating to such Distribution Date, and (ii) with respect
to any other Distribution Date, the period commencing on and including the date immediately following the Determination Date relating
to the preceding Distribution Date and ending on and including the Determination Date relating to such Distribution Date.


 


“Commission”:
The Securities and Exchange Commission.


 


“Component”:
Any of the following Components of the Mortgage Loan: Component A-FL, Component B-FL, Component C-FL, Component D-FL, Component
E-FL, Component F-FL, Component G-FL, Component H-FL, Component HRR-FL, Component A-FX, Component A-FX-C, Component B-FX, Component
B-FX-C, Component C-FX, Component D-FX, Component E-FX, Component F-FX, Component G-FX, Component H-FX and Component HRR-FX.


 


“Component
A”: Collectively, “Component A-A”, “Component B-A” and “Component B-A-C”, each as
defined in the Mortgage Loan Agreement.


 


“Component
A-FL”: “Component A-A”, as defined in the Mortgage Loan Agreement.


 


“Component
A-FX”: “Component B-A”, as defined in the Mortgage Loan Agreement.


 


“Component
A-FX-C”: “Component B-A-C”, as defined in the Mortgage Loan Agreement.


 


“Component
B”: Collectively, “Component A-B”, “Component B-B” and “Component B-B-C”, each as
defined in the Mortgage Loan Agreement.


 


“Component
B-FL”: “Component A-B”, as defined in the Mortgage Loan Agreement.


 


“Component
B-FX”: “Component B-B”, as defined in the Mortgage Loan Agreement.


 


“Component
B-FX-C”: “Component B-B-C”, as defined in the Mortgage Loan Agreement.


 






    -24-


     


    

 


“Component
C”: Collectively, “Component A-C”, “Component B-C”, each as defined in the Mortgage Loan Agreement.


 


“Component
C-FL”: “Component A-C”, as defined in the Mortgage Loan Agreement.


 


“Component
C-FX”: “Component B-C”, as defined in the Mortgage Loan Agreement.


 


“Component
D”: Collectively, “Component A-D”, “Component B-D”, each as defined in the Mortgage Loan Agreement.


 


“Component
D-FX”: “Component B-D”, as defined in the Mortgage Loan Agreement.


 


“Component
D-FL”: “Component A-D”, as defined in the Mortgage Loan Agreement.


 


“Component
E”: Collectively, “Component A-E”, “Component B-E”, each as defined in the Mortgage Loan Agreement.


 


“Component
E-FL”: “Component A-E”, as defined in the Mortgage Loan Agreement.


 


“Component
E-FX”: “Component B-E”, as defined in the Mortgage Loan Agreement.


 


“Component
F”: Collectively, “Component A-F”, “Component B-F”, each as defined in the Mortgage Loan Agreement.


 


“Component
F-FL”: “Component A-F”, as defined in the Mortgage Loan Agreement.


 


“Component
F-FX”: “Component B-F”, as defined in the Mortgage Loan Agreement.


 


“Component
G”: Collectively, “Component A-G”, “Component B-G”, each as defined in the Mortgage Loan Agreement.


 


“Component
G-FL”: “Component A-G”, as defined in the Mortgage Loan Agreement.


 


“Component
G-FX”: “Component B-G”, as defined in the Mortgage Loan Agreement.


 


“Component
H”: Collectively, “Component A-H”, “Component B-H”, each as defined in the Mortgage Loan Agreement.


 






    -25-


     


    

 


“Component
H-FL”: “Component A-H”, as defined in the Mortgage Loan Agreement.


 


“Component
H-FX”: “Component B-H”, as defined in the Mortgage Loan Agreement.


 


“Component
HRR”: Collectively, “Component A-HRR”, “Component B-HRR”, each as defined in the Mortgage Loan
Agreement.


 


“Component
HRR-FL”: “Component A-HRR”, as defined in the Mortgage Loan Agreement.


 


“Component
HRR-FX”: “Component B-HRR”, as defined in the Mortgage Loan Agreement.


 


“Component
Rate”: As of the date of any determination, with respect to each Component of the Mortgage Loan, the per annum
rate at which interest accrues for such Component as set forth in the Mortgage Loan Agreement.


 


“Condemnation
Proceeds”: The portion of the Net Proceeds relating to a Condemnation (as defined in the Mortgage Loan Agreement).


 


“Confidential
Information”: With respect to the Servicer or the Special Servicer, as applicable, all material non-public information
obtained in the course of and as a result of such Person’s performance of its duties as Servicer or Special Servicer, as
applicable with respect to the Mortgage Loan, any Borrower Affiliate and the Properties, unless such information (i) was already
in the possession of such Person prior to being disclosed to such Person, (ii) is or becomes available to such Person from a source
other than its activities as Servicer or Special Servicer, as applicable, (iii) is or becomes generally available to the public
other than as a result of a disclosure by the Servicer Servicing Personnel or Special Servicer Servicing Personnel or (iv) is
required to be disclosed by a court or administrative order or lawful discovery demand, provided such Person shall use
reasonable efforts to obtain confidential treatment thereof. Notwithstanding the foregoing, the Trustee and the Certificate Administrator
shall be permitted to comply with their respective obligations hereunder to make information available to the extent that such
information was received by it in its capacity as Trustee or Certificate Administrator, as applicable.


 


“Consultation
Termination Event”: Any date on which the Class HRR Certificates no longer have a then-outstanding Certificate Balance
at least equal to 25% of the initial Certificate Balance of that Class, without regard to the application of any Trust Appraisal
Reduction Amounts.


 


“Contribution
Agreement”: As defined in the Mortgage Loan Agreement.


 


“Control
Affiliate”: As to any particular Person, any person, directly or indirectly through one or more intermediaries, Controlling,
Controlled by or under common Control with, the Person in question. As used solely in this definition of “Control Affiliate”,
“Control” means (a) the ownership, directly or indirectly, in the aggregate of 10% or more of the beneficial


 



    -26-


     


    

 


ownership
interests of an entity, or (b) the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise. “Controlled
by,” “Controlling” and “under common Control with” have the respective correlative
meanings to such terms. The Trustee and/or the Certificate Administrator may obtain and rely upon a certification of the Borrower,
the Borrower Sponsor or any Guarantor (or any replacement guarantor), as applicable, to determine whether any Person is a Control
Affiliate.


 


“Control
Event”: With respect to any date of determination, if the Certificate Balance of the Class HRR Certificates on such
date (taking into account the application of any Trust Appraisal Reduction Amounts (other than deemed Trust Appraisal Reduction
Amounts) to notionally reduce the Certificate Balance of such Class) is less than 25% of the initial Certificate Balance of such
Class.


 


“Controlling
Class”: As of any date of determination, the Class HRR Certificates, so long as no Consultation Termination Event has
occurred. No other Class of Certificates will be eligible to act as a Controlling Class or appoint a Directing Certificateholder.
If a Consultation Termination Event has occurred, there will be no Controlling Class and no Directing Certificateholder. For the
avoidance of doubt, the Class HRR-FL (Component) and Class HRR-FX (Component) shall collectively constitute the Class HRR Certificates,
and any rights described in this Agreement as rights of the Class HRR Certificates will be exercised by the Class HRR-FL (Component)
and Class HRR-FX (Component) on an aggregate basis, with each such Class entitled to such rights based on its respective Certificate
Balance.


 


“Controlling
Class Certificateholder”: Each Holder (or Beneficial Owner, if applicable) of a Certificate of the Controlling Class
as determined by the Certificate Registrar, from time to time, upon request by any party hereto. The Trustee, the Servicer, the
Special Servicer or the Operating Advisor may from time to time request (the cost of which being an expense of the Trust) that
the Certificate Administrator provide a list of the Holders (or Beneficial Owners, if applicable) of the Controlling Class and
the Certificate Administrator shall promptly provide such list without charge to such Trustee, Servicer, Special Servicer or Operating
Advisor, as applicable. The Trustee, the Servicer, the Special Servicer and the Operating Advisor shall be entitled to rely on
any such list so provided. Notwithstanding the foregoing, for purposes of determining the Directing Certificateholder, exercising
any rights of the Controlling Class or the Directing Certificateholder or receiving Asset Status Reports or any other information
under this Agreement other than Distribution Date Statements, any holder of any interest in a Controlling Class Certificate who
is a Borrower Affiliate, the Manager or an agent or Affiliate of the foregoing, or is a Restricted Loan Party, shall not be deemed
to be a Holder of the related Controlling Class and shall not be entitled to exercise such rights or receive such information,
and any Directing Certificateholder previously appointed or selected by such holder will thereafter not be entitled to exercise
any rights of the Directing Certificateholder. If, as a result of the preceding sentence, no Holder of Controlling Class Certificates
would be eligible to exercise such rights, there will be no Directing Certificateholder or Controlling Class.


 


“Controlling
Persons”: As defined in Section 6.3(a).


 






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“Corporate
Trust Office”: The principal corporate trust office of the Trustee or the Certificate Administrator, as applicable,
at which at any particular time its corporate trust business shall be administered, which office at the date of the execution
of this Agreement is located at (a) with respect to the Trustee and with respect to the Certificate Administrator: 9062 Old Annapolis
Road, Columbia, Maryland 21045-1951, Attention: Corporate Trust Services: J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT and (c) and for certificate transfer services: 600 South 4th Street, 7th Floor MAC N9300-070, Minneapolis,
Minnesota 55479, Attention: Certificate Transfers Services (CMBS) J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT.


 


“Credit
Risk Retention Compliance Agreement”: As defined in Section 3.31(a).


 


“Credit
Risk Retention Rules”: The Credit Risk Retention regulations, 79 Fed. Reg. 77601, pages 77740-77766 (Dec. 24, 2014),
jointly promulgated by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Securities and Exchange Commission, and the Department
of Housing and Urban Development (the “Agencies”) (which such joint final rule has been codified, inter
alia, at 17 C.F.R. § 246) to implement the credit risk retention requirements under Section 15G of the Securities Exchange
Act of 1934 (as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act), as such regulations may
be amended from time to time by such Agencies, and subject to such clarification and interpretation as have been provided by such
Agencies, whether in the adopting release, or as may be provided by any such Agency or its staff from time to time, in each case,
as effective from time to time as of the applicable compliance date specified therein.


 


“CREFC®”:
The Commercial Real Estate Finance Council®, or any association or organization that is a successor thereto. If
neither such association nor any successor remains in existence, “CREFC®” shall be deemed to refer
to such other association or organization as may exist whose principal membership consists of servicers, trustees, issuers, placement
agents and underwriters generally involved in the commercial mortgage loan securitization industry, which is the principal such
association or organization in the commercial mortgage loan securitization industry and one of whose principal purposes is the
establishment of industry standards for reporting transaction-specific information relating to commercial mortgage pass-through
certificates and commercial mortgage-backed bonds and the commercial mortgage loans and foreclosed properties underlying or backing
them to investors holding or owning such certificates or bonds, and any successor to such other association or organization. If
an organization or association described in one of the preceding sentences of this definition does not exist, “CREFC®”
shall be deemed to refer to such other association or organization as shall be reasonably acceptable to the Servicer, the Special
Servicer, the Certificate Administrator, and the Trustee.


 


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


 



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generally and, insofar
as it requires the presentation of information in addition to that called for by the form of the “Advance Recovery Report”
available as of the Closing Date on the CREFC® Website, is reasonably acceptable to the Servicer.


 


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


 


“CREFC®
Bond Level File”: The monthly report substantially in the form of, and containing the information called for in,
the downloadable form of the “Bond Level File” available as of the Closing Date on the CREFC® Website,
or such other form for the presentation of such information and containing such additional information as may from time to time
be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable
to the Certificate Administrator.


 


“CREFC®
Collateral Summary File”: The report substantially in the form of, and containing the information called for in,
the downloadable form of the “Collateral Summary File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from time
to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Certificate Administrator.


 


“CREFC®
Comparative Financial Status Report”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Comparative Financial Status Report” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.


 


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


 


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


 


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


 






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


 


“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: A report substantially in the form
of, and containing the information called for in, the downloadable form of the “Historical Loan Modification Forbearance
and Corrected Mortgage Loan Report” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the Servicer
and the Special Servicer.


 


“CREFC®
Intellectual Property Royalty License Fee”: A fee, payable on a monthly basis, computed for the same period and
on the same interest accrual basis respecting which any related interest payment due or deemed due on the Trust Loan is computed
at the CREFC® Intellectual Property Royalty License Fee Rate (prorated for partial periods).


 


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


 


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


 


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


 


“CREFC®
Loan Level Reserve/LOC Report”: The monthly report substantially in the form of, and containing the information
called for in, the downloadable form of the “Loan Level Reserve LOC Report” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be recommended by the CREFC® for commercial mortgage securities transactions generally
and is reasonably acceptable to the Servicer.


 


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


 


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


 



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time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.


 


“CREFC®
Loan Periodic Update File”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Periodic Update File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer, the Special Servicer and the Certificate Administrator.


 


“CREFC®
Loan Setup File”: The report substantially in the form of, and containing the information called for in, the downloadable
form of the “Loan Setup File” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the
Servicer, the Special Servicer and the Certificate Administrator.


 


“CREFC®
NOI Adjustment Worksheet”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “NOI Adjustment Worksheet” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is acceptable
to the Servicer or the Special Servicer, as applicable, and in any event, shall present the computations made in accordance with
the methodology described in such form to “normalize” the full year and year-to-date net operating income and debt
service coverage numbers used in the other reports required by this Agreement.


 


“CREFC®
Operating Statement Analysis Report”: A report prepared with respect to each Property and/or in the aggregate
for the portfolio of Properties (depending on whether the Borrowers deliver the related financial statements and operating statements
on a per-Property basis or an aggregate basis) substantially in the form of, and containing the information called for in, the
downloadable form of the “Operating Statement Analysis Report” available as of the Closing Date on the CREFC®
Website or in such other form for the presentation of such information and containing such additional information as may
from time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and
is reasonably acceptable to the Servicer.


 


“CREFC®
Property File”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “Property File” available as of the Closing Date on the CREFC® Website, or such other
form for the presentation of such information and containing such additional information as may from time to time be recommended
by the CREFC® for commercial mortgage securities transactions generally and is reasonably acceptable to the
Servicer and the Special Servicer.


 


“CREFC®
Reconciliation of Funds Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Reconciliation of


 



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


 


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


 


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


 


“CREFC®
Reports”: Collectively refers to the following reports as such may be amended, updated or supplemented from time
to time as part of the CREFC® “IRP” (Investor Reporting Package):


 


(i)       the
following seven electronic files: (i) CREFC® Bond Level File, (ii) CREFC® Collateral Summary
File, (iii) CREFC® Property File, (iv) CREFC® Loan Periodic Update File, (v) CREFC®
Loan Setup File, (vi) CREFC® Financial File, and (vii) CREFC® Special Servicer Loan
File;


 


(ii)       the
following supplemental reports and disclosure templates: (i) CREFC® Comparative Financial Status Report, (ii) CREFC®
Delinquent Loan Status Report, (iii) CREFC® Historical Loan Modification, Forbearance and Corrected Mortgage
Loan Report, (iv) CREFC® Operating Statement Analysis Report, (v) CREFC® NOI Adjustment Worksheet,
(vi) CREFC® REO Status Report, (vii) CREFC® Servicer Watch List, (viii) CREFC® Loan
Level Reserve – LOC Report, (ix) CREFC® Advance Recovery Report, (x) CREFC® Total Loan Report,
(xi) CREFC® Appraisal Reduction Template, (xii) CREFC® Servicer Realized Loss Template, (xiii) CREFC®
Reconciliation of Funds Template, (xiv) CREFC® Historical Bond/Collateral Realized Loss Reconciliation Template,
(xv) CREFC® Historical Liquidation Loss Template, (xvi) CREFC® Interest Shortfall Reconciliation
Template, (xvii) CREFC® Loan Liquidation Report, (xviii) CREFC® REO Liquidation Report and (xix)
CREFC® Loan Modification Report, as such reports may be amended, updated or supplemented from time to time; and


 


(iii)       such
other reports and data files as CREFC® may designate as part of the “CREFC® Investor Reporting
Package” from time to time.


 






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


 


“CREFC®
Servicer Watch List”: For any Determination Date, a report substantially in the form of, and containing the information
called for in, the downloadable form of the “Servicer Watch List” available as of the Closing Date on the CREFC®
Website, or in such other final form for the presentation of such information and containing such additional information
as may from time to time be promulgated as recommended by the CREFC® for commercial mortgage securities transactions
generally and, insofar as it requires the presentation of information in addition to that called for by the form of the “Servicer
Watch List” available as of the Closing Date on the CREFC® Website, is reasonably acceptable to the Servicer.


 


“CREFC®
Special Servicer Loan File”: The monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Special Servicer Loan File” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be recommended by the CREFC® for commercial mortgage securities transactions generally and is reasonably
acceptable to the Servicer and the Special Servicer.


 


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


 


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


 


“Custodian”:
The Certificate Administrator, in its capacity as the Custodian, performing its role through the document custody division of
the Certificate Administrator.


 


“Current
Interest Distribution Amount”: With respect to any Distribution Date for any Class of Certificates (other than the Class
HRR Certificates and the Class R Certificates), the amount equal to interest accruing during the related applicable Certificate
Interest Accrual Period at the applicable Pass-Through Rate for such Certificate Interest Accrual Period on the outstanding Certificate
Balance or Notional Amount of such Certificates as of the prior Distribution Date (after giving effect to distributions of principal
and allocations of Realized Losses on such prior Distribution Date). With respect to any Distribution Date and the Class HRR Certificates,
the Current Interest Distribution Amount is equal to the sum of the interest accruing during the related applicable Certificate
Interest Accrual Period at the applicable Pass-Through Rate for such Distribution Date on the Class HRR (FL Component) Balance
and the Class HRR (FX Component) Balance as of the prior Distribution Date (after giving effect to distributions of principal
and allocations of Realized Losses on such prior Distribution Date).


 






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“Cut-off
Date”: With respect to the Fixed Rate Trust Loan, July 13, 2018 and with respect to the Floating Rate Loan, the Closing
Date.


 


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


 


“Default Interest”:
Upon the occurrence and during the continuance of a Mortgage Loan Event of Default, interest accrued on each Component of the
Trust Loan, at the excess of the Default Rate over the applicable Component Rate during the related Mortgage Loan Interest Accrual
Period on the outstanding principal balance of each such Component, from the date such payment was due without regard to any grace
or cure periods and, if the Mortgage Loan is not repaid, on the Maturity Date, or such earlier date as may result from acceleration.
Default Interest will accrue from and after the date of the occurrence of the applicable Mortgage Loan Event of Default, or such
earlier date as may result from acceleration, and, in any case, will be calculated on the basis of a 360-day year and the actual
number of days elapsed in the period for which the calculation is being made.


 


 “Default Rate”: As defined in the Mortgage Loan Agreement.


 


“Defect”:
As defined in the Trust Loan Purchase Agreement.


 


“Deficient
Exchange Act Deliverable”: With respect to the Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Operating Advisor and each Servicing Function Participant and Additional Servicer retained by it (other than a Sub-Servicer
set forth on Exhibit V), any item (x) regarding such party, (y) prepared by such party or any registered public accounting
firm, attorney or other agent retained by such party to prepare such information and (z) delivered by or on behalf of such party
pursuant to the delivery requirements under Article 13 of this Agreement that does not conform to the applicable reporting
requirements under the Act, the Exchange Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder.


 


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


 


“Delivery
Date”: As defined in Section 2.1(b).


 


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


 


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


 


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


 


“Determination
Date”: With respect to each Distribution Date, the 1st day of the month in which such Distribution Date occurs or, if
such day is not a Business Day, the preceding Business Day.


 






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“Directing
Certificateholder”: The Controlling Class Certificateholder (or its representative or designee) selected by the Majority
Controlling Class Certificateholders by Certificate Balance, as such balance is determined by the Certificate Registrar from time
to time. The initial Directing Certificateholder shall be CRE Fund Investments LLC, a Delaware limited liability company.


 


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


 


“Disclosable
Special Servicer Fees”: With respect to the Mortgage Loan or any Foreclosed Property, any compensation and other remuneration
(including, without limitation, in the form of commissions, brokerage fees, rebates, or as a result of any other fee-sharing arrangement)
received or retained by the Special Servicer or any of its Affiliates that is paid by any Person (including, without limitation,
the Trust, any Borrower, the Manager, any guarantor or indemnitor or any Borrower Affiliate in respect of the Mortgage Loan or
any of their Affiliates and any purchaser of the Mortgage Loan, a Companion Loan or any Foreclosed Property) in connection with
the disposition, workout or foreclosure of the Mortgage Loan, the management or disposition of any Foreclosed Property, and the
performance by the Special Servicer or any such Affiliate of any other special servicing duties under this Agreement, other than
(1) any Permitted Special Servicer/Affiliate Fees and (2) any compensation to which the Special Servicer is entitled pursuant
to Section 3.17 of this Agreement; provided, that any compensation and other remuneration that the Servicer is permitted
to receive or retain pursuant to this Agreement in connection with its duties in such capacity will not be Disclosable Special
Servicer Fees.


 


“Disqualified
Non-U.S. Person”: With respect to a Class R Certificate, any Non-U.S. Person or agent thereof other than (i) a Non-U.S.
Person that holds such Class R Certificate in connection with the conduct of a trade or business within the United States and
has furnished the transferor and the Certificate Administrator with an effective IRS Form W-8ECI or other prescribed form or (ii)
a Non-U.S. Person that has delivered to both the transferor and the Certificate Administrator an Opinion of Counsel of a nationally
recognized tax counsel to the effect that the transfer of such Class R Certificate to it is in accordance with the requirements
of the Code and the regulations promulgated thereunder and that such transfer of such Class R Certificate will not be disregarded
for federal income tax purposes under Treasury Regulations Section 1.860G-3.


 






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“Disqualified
Organization”: Either (a) the United States, a State, or any agency or instrumentality of any of the foregoing (other
than an instrumentality that is a corporation if all of its activities are subject to tax and, except for the FHLMC, a majority
of its board of directors is not selected by any such governmental unit), (b) a foreign government, International Organization
or agency or instrumentality of either of the foregoing, (c) an organization that is exempt from tax imposed by chapter 1 of the
Code (including the tax imposed by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined
in Section 860E(c)(1)) of the Code with respect to the Class R Certificates (except certain farmers’ cooperatives described
in Section 521 of the Code), (d) rural electric and telephone cooperatives described in Section 1381(a)(2) of the Code or (e)
any other Person so designated by the Certificate Administrator based upon an Opinion of Counsel to the effect that any transfer
of a Class R Certificate to such Person may cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC at
any time that the Certificates are outstanding. The terms “United States,” “State” and “International
Organization” have the meanings set forth in Section 7701 of the Code or successor provisions.


 


“Distribution
Account”: The account established and maintained by the Certificate Administrator pursuant to Section 3.5(a).


 


“Distribution
Date”: The 4th Business Day after the Determination Date, commencing in August 2018. The first Distribution
Date shall be on August 7, 2018.


 


“Distribution
Date Statement”: As defined in Section 4.4(a).


 


“Eligible
Account”: A separate and identifiable account from all other funds held by the holding institution that is (a) an account
or accounts maintained with a federal or state-chartered depository institution or trust company that complies with the definition
of Eligible Institution, (b) a segregated trust account or accounts maintained with a federal or state chartered depository institution
or trust company acting in its fiduciary capacity which, in the case of a state chartered depository institution or trust company,
is subject to regulations substantially similar to 12 C.F.R. §9.10(b), having in either case a combined capital and surplus
of at least $50,000,000 and subject to supervision or examination by federal or state authority, as applicable or (c) such other
account or accounts not listed in clause (a) or (b) above with respect to which a Rating Agency Confirmation has
been obtained from each Rating Agency. An Eligible Account will not be evidenced by a certificate of deposit, passbook or other
instrument. If the holding institution for an account ceases to meet the requirements of this definition for an “Eligible
Account”, then the party responsible for administering such account hereunder shall move such account to a holding institution
meeting such requirements within 30 days.


 


“Eligible
Institution”: (a) Wells Fargo Bank, provided that the long-term unsecured debt obligations of Wells Fargo Bank
are rated at least “BBB+” by S&P and “A” by DBRS (or, if not rated by DBRS, an equivalent (or higher)
by at least two (2) NRSROs (which may include S&P) or such other rating confirmed in a Rating Agency


 



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Confirmation) or, if
the deposits are to be held in the account for 30 days or less, the short-term unsecured debt obligations of Wells Fargo Bank,
National Association are rated at least “A-2” by S&P and “R-1 (middle)” by DBRS, (or if not rated
by DBRS, an equivalent rating (or higher) by at least two (2) NRSROs (which may include S&P) or such other rating confirmed
in a Rating Agency Confirmation), (b) KeyBank, provided that (1) if funds are to be held for thirty (30) days or less, KeyBank’s
short-term unsecured debt obligations, commercial paper, or deposits are rated at least “A-2” by S&P and “R-1(low)”
by DBRS (or, if not rated by DBRS, an equivalent (or higher) rating by any two (2) other NRSROs (which may include S&P) and
(2) if funds are to be held for more than thirty (30) days, KeyBank’s long-term unsecured debt obligations, commercial paper,
or deposits are rated at least “BBB” by S&P, “BBB (high)” by DBRS (or, if not rated by DBRS, an equivalent
(or higher) rating by any two (2) other NRSROs (which may include S&P) (c) a depository institution or trust company insured
by the Federal Deposit Insurance Corporation, the short term unsecured debt obligations or commercial paper of which are rated
at least “A-2” by S&P and, if rated by DBRS, “R-1 (middle)” (or, if not rated by DBRS, an equivalent
rating (or higher) by at least two (2) NRSROs (which may include S&P) or such other rating confirmed in a Rating Agency Confirmation)
and in the case of letters of credit or accounts in which funds are held for thirty (30) days or less (or, in the case of accounts
in which funds are held for more than thirty (30) days, the long-term unsecured debt obligations of which are rated at least “BBB”
by S&P and, if rated by DBRS, “A” (or if not rated by DBRS, an equivalent rating (or higher) by at least two (2)
NRSROs (which may include S&P) or such other rating confirmed in a Rating Agency Confirmation)) in the case of letters of
credit or accounts in which funds are held for more than thirty (30) days or (d) an account maintained with any other insured
depository institution that is the subject of a Rating Agency Confirmation, from the Rating Agency for which the minimum rating
is not met, with respect to any account listed in the clauses above, or from each Rating Agency, with respect to any account other
than one listed in the clauses above.


 


“Eligible
Operating Advisor”: An institution (a) that is a special servicer or operating advisor on a commercial mortgage-backed
securities transaction rated by the Rating Agencies (including, in the case of the Operating Advisor, this transaction) but has
not been special servicer or operating advisor on a transaction for which any Rating Agency has qualified, downgraded or withdrawn
its rating or ratings of, one or more classes of certificates for such transaction citing servicing concerns with the special
servicer or operating advisor, as applicable, as the sole or a material factor in such rating action; (b) that can and will make
the representations and warranties of the Operating Advisor set forth in Section 2.7, including to the effect that it possesses
sufficient financial strength to fulfill its duties and responsibilities pursuant to this Agreement over the life of the Trust;
(c) that is not (and is not Risk Retention Affiliated with) the Depositor, the Trustee, the Certificate Administrator, the Servicer,
the Special Servicer, the Borrower Sponsor, any Borrower Affiliate, the Third Party Purchaser, the Directing Certificateholder,
or any of their respective Risk Retention Affiliates; (d) that has not been paid by the Special Servicer or successor Special
Servicer any fees, compensation or other remuneration (x) in respect of its obligations hereunder or (y) for the appointment or
recommendation for replacement of a successor Special Servicer to become the Special Servicer under this Agreement; (e) that (x)
has been regularly engaged in the business of analyzing and advising clients in commercial mortgage-backed securities matters
and has at least five (5) years of experience in collateral analysis and loss projections and (y) has at least five (5) years
of experience in commercial real estate asset management and experience in the workout and management of distressed commercial
real estate assets; and (f) that does not directly or indirectly, through one or more Affiliates or otherwise, own or have derivative
exposure in any interest in any Certificates, the Mortgage Loan or otherwise have any financial interest in the


 



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securitization
transaction to which this Agreement relates, other than in fees from its role as Operating Advisor.


 


“Environmental
Indemnity”: As defined in the Mortgage Loan Agreement.


 


“ERISA”:
The Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder.


 


“ERISA
Plan”: As defined in Section 5.3(m).


 


“Euroclear”:
As defined in Section 5.2(a).


 


“Exchange
Act”: The Securities Exchange Act of 1934, as amended from time to time.


 


“Excess
Servicing Fee Right”: With respect to the Mortgage Loan (and any successor Foreclosed Property with respect thereto),
the right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Servicer shall
be the owner of such Excess Servicing Fee Right.


 


“Excess
Servicing Fee Rate”: A per annum rate equal to the Servicing Fee Rate applicable to the Mortgage Loan minus 0.00125%.


 


“Excess
Servicing Fees”: With respect to the Mortgage Loan (and any successor Foreclosed Property with respect thereto), that
portion of the Servicing Fees that accrue at Excess Servicing Fee Rate; provided that such rate shall be subject to reduction
at any time following any resignation of a Servicer pursuant to Section 6.4 (if no successor is appointed in accordance
with Section 6.4) or any termination of a Servicer pursuant to Section 7.1, to the extent reasonably necessary (in
the sole discretion of the Trustee) for the Trustee to appoint a qualified successor Servicer (which successor may include the
Trustee) that meets the requirements of Section 7.2.


 


“Extended
Maturity Date”: In the event the Borrowers exercise any option to extend the Scheduled Maturity Date or any extended
maturity date pursuant to the Mortgage Loan Agreement, such related extended maturity date as determined in accordance with the
Mortgage Loan Agreement.


 


“FHLMC”:
The Federal Home Loan Mortgage Corporation and its successors-in-interest.


 


“Final
Asset Status Report”: With respect to the Specially Serviced Mortgage Loan, the initial completed Asset Status Report
(together with such other data or supporting information provided by the Special Servicer to the Directing Certificateholder that
does not include any communication (other than the related Asset Status Report) between the Special Servicer and the Directing
Certificateholder with respect to such Specially Serviced Mortgage Loan) required to be delivered by the Special Servicer by the
Initial Delivery Date and any Subsequent Asset Status Report, in each case, in the form fully approved or deemed approved, if
applicable, by the Directing Certificateholder pursuant to the Directing Certificateholder Asset


 



    -38-


     


    

 


Status Report Approval Process
following completion of the ASR Consultation Process. For the avoidance of doubt, the Special Servicer may issue more than one
Final Asset Status Report with respect to the Specially Serviced Mortgage Loan in accordance with the procedures described above).
Each Final Asset Status Report will be labeled or otherwise identified or communicated as being final.


 


“Fixed
Rate Certificates”: The Series FX Certificates (other than the Class XA-FX and Class XB-FX Certificates).


 


“Fixed
Rate Certificate Interest Accrual Period”: With respect to each Class of Series FX Certificates and any Distribution
Date, the calendar month preceding the month in which the Distribution Date occurs.


 


“Fixed
Rate Trust Loan”: The portion of the Trust Loan evidenced collectively by Component A-FX, Component B-FX, Component
C-FX, Component D-FX, Component E-FX, Component F-FX, Component G-FX, Component H-FX and Component HRR-FX.


 


“Fixed
Rate Trust Loan Rate”: A fixed rate per annum of 5.372%.


 


“Floating
Rate Certificate Interest Accrual Period”: With respect to each Class of Series FL Certificates and any Distribution
Date, the period beginning on the 5th day of the month preceding the month in which such Distribution Date occurs (or
with respect to the first Distribution Date after the Closing Date, the Closing Date) and ending on the 4th day of
the month in which such Distribution Date occurs.


 


“Floating
Rate Certificates”: The Series FL Certificates (other than the Class X-FL Certificates).


 


“Floating
Rate Component”: Any of Component A-FL, Component B-FL, Component C-FL, Component D-FL, Component E-FL, Component F-FL,
Component G-FL, Component H-FL, and Component HRR-FL.


 


“Floating
Rate Loan Extension Term”: The “Component A Extension Term” as defined in the Mortgage Loan Agreement.


 


“Floating
Rate Loan”: The portion of the Trust Loan evidenced collectively by Component A-FL, Component B-FL, Component C-FL,
Component D-FL, Component E-FL, Component F-FL, Component G-FL, Component H-FL and Component HRR-FL.


 


“Floating
Rate Loan Rate”: A floating rate per annum of LIBOR plus the Spread.


 


“FNMA”:
The Federal National Mortgage Association and its successors-in-interest.


 


“Foreclosed
Companion Loan”: Each Companion Loan while any Property is a Foreclosed Property.


 






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“Foreclosed
Property”: Any Property or other Collateral securing the Mortgage Loan, title to which has been acquired on behalf of
or in the name of the Trustee on behalf of the Trust and Companion Loan Holders through foreclosure, deed in lieu of foreclosure
or otherwise.


 


“Foreclosed
Property Account”: The account or accounts established and maintained by the Special Servicer pursuant to Sections
3.6 and 3.14.


 


“Foreclosure
Proceeds”: Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or
the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental
of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.


 


“Form
8-K Disclosure”: The information described in the Form 8-K items set forth under the “Item on Form 8-K”
column on Exhibit R hereto.


 


“Global
Certificates”: As defined in Section 5.2(b).


 


“Ground
Lease”: Each of the “Ground Leases” as defined in the Mortgage Loan Agreement.


 


“Guarantor”:
As defined in the Mortgage Loan Agreement.


 


“Guaranty”:
As defined in the Mortgage Loan Agreement.


 


“Impermissible
Operating Advisor Affiliate” : As defined in Section 2.11.


 


“Impermissible
Risk Retention Affiliate”: As defined in Section 2.11.


 


“Impermissible
TPP Affiliate”: As defined in Section 2.11.


 


“Independent”:
When used with respect to any specified Person, such a Person who (i) does not have any direct financial interest or any material
indirect financial interest in the Depositor, any Borrower Affiliate, any Companion Loan Holder, the Trustee, the Certificate
Administrator, the Operating Advisor, the Servicer or the Special Servicer or in any of their respective Affiliates and (ii) is
not connected with the Depositor, any Borrower Affiliate, any Companion Loan Holder, the Trustee, the Certificate Administrator,
the Servicer or the Special Servicer or any of their respective Affiliates as an officer, employee, promoter, underwriter, trustee,
partner, director or Person performing similar functions.


 


“Independent
Appraiser”: An Independent professional real estate appraiser who (i) is a member in good standing of the Appraisal
Institute, (ii) if the state in which the related Property or Foreclosed Property is located certifies or licenses appraisers,
is certified or licensed in such state, and (iii) has a minimum of five (5) years’ experience in the appraisal of comparable
properties in the geographic area in which the related Property is located.


 


“Independent
Contractor”: Either (i) any Person (other than the Special Servicer or Servicer) that would be an “independent
contractor” with respect to the Lower-Tier REMIC or


 



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the Upper-Tier REMIC within the meaning of Section 856(d)(3) of the
Code if such Trust REMIC were a real estate investment trust (except that the ownership test set forth in that Section of the
Code shall be considered to be met by any Person that owns, directly or indirectly, 35% or more of any Class of Certificates or
35% or more of the aggregate value of all Classes of Certificates or such other interest in the Certificates as is set forth in
an Opinion of Counsel, which shall, at no expense to the Trustee, the Certificate Administrator, the Special Servicer, the Servicer,
the Operating Advisor or the Trust Fund, be delivered to the Trustee, the Certificate Administrator, the Special Servicer, the
Servicer or the Operating Advisor on behalf of the Trustee); provided that neither the Lower-Tier REMIC nor the Upper-Tier
REMIC receives or derives any income from such Person and the relationship between such Person and such Trust REMIC is at arm’s
length, all within the meaning of Treasury Regulations Section 1.856-4(b)(5), or (ii) any other Person (including the Special
Servicer or the Servicer) if the Trustee, the Certificate Administrator and the Operating Advisor (or the Servicer or the Special
Servicer on behalf of the Trustee) has received an Opinion of Counsel which shall, at no expense to the Trustee, the Certificate
Administrator, the Special Servicer, the Servicer (unless the Special Servicer or the Servicer is providing the Opinion of Counsel
with respect to itself), the Operating Advisor or the Trust Fund, be to the effect that the taking of any action in respect of
any Foreclosed Property by such Person, subject to any conditions therein specified, that is otherwise herein contemplated to
be taken by an Independent Contractor will not cause such Foreclosed Property to cease to qualify as “foreclosure property”
within the meaning of Section 860G(a)(8) of the Code (determined without regard to the exception applicable for purposes of Section
860D(a) of the Code), or cause any income realized in respect of such Foreclosed Property to fail to qualify as Rents from Real
Property.


 


“Initial
Delivery Date”: As defined in Section 3.10(i).


 


“Initial
Purchasers”: J.P. Morgan Securities LLC, Academy Securities, Inc. and Drexel Hamilton, LLC or any of their respective
successors or assigns.


 


“Inquiries”:
As defined in Section 4.5(a)(i).


 


“Institutional
Accredited Investor”: An institution, that is not a QIB, that is an “accredited investor” within the meaning
of Rule 501(a) (1), (2), (3) or (7) of Regulation D under the Act, or any entity all of the equity owners of which are such institutions.


 


“Insurance
Proceeds”: (a) The portion of Net Proceeds paid as a result of a Casualty (as defined in the Mortgage Loan Agreement)
other than amounts to be applied to the restoration, preservation or repair of such Property or to be released to the Borrowers
each in accordance with the terms of the Mortgage Loan Agreement, or if not required to be so applied or so released under the
terms of the Mortgage Loan Agreement, other than amounts applied to the restoration, preservation or repair of such Property in
accordance with Accepted Servicing Practices, (b) amounts paid by any insurer pursuant to any insurance policy required to be
maintained by the Servicer pursuant to Section 3.11, to the extent related to this Agreement only or (c) any other amounts
paid by an insurer pursuant to any insurance policy required to be maintained by the Borrowers, to the extent allocable to the
Mortgage Loan under the Mortgage Loan Documents.


 






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“Interest
Distribution Amount”: With respect to any Distribution Date for any Class of Regular Certificates or Uncertificated
Lower-Tier Interests, the sum of the Current Interest Distribution Amount for such Distribution Date and such Class of Regular
Certificates or Uncertificated Lower-Tier Interests plus the aggregate unpaid Interest Shortfalls in respect of prior Distribution
Dates for such Class of Certificates or Uncertificated Lower-Tier Interests.


 


“Interest
Rate Cap Agreement”: As defined in the Mortgage Loan Agreement.


 


“Interest
Reserve Account”: As defined in Section 3.4(e).


 


“Interest
Shortfall”: With respect to any Distribution Date for any Class of Regular Certificates or Uncertificated Lower-Tier
Interests, the amount by which the Current Interest Distribution Amount for such Class exceeds the portion of the Current Interest
Distribution Amount actually paid in respect of such Class on such Distribution Date.


 


“Interested
Person”: As defined in Section 3.16(a)(ii).


 


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


 


“Investment
Account”: As defined in Section 3.8(a).


 


“Investment
Representation Letter”: A letter substantially in the form attached hereto as Exhibit P.


 


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


 


“Investor
Certification”: A certification representing that such Person executing the certificate is a Certificateholder, a Beneficial
Owner, a prospective purchaser of a Certificate, a Companion Loan Holder, any Trust Loan Seller (if it has repurchased a portion
of the Trust Loan in accordance with this Agreement and the Trust Loan Purchase Agreement) or the Directing Certificateholder
(to the extent such Person is not a Certificateholder) and that either (a) such Person is not a Borrower Affiliate, the Manager,
or an agent or Affiliate of any of the foregoing, in which case such Person shall have access to all the reports and information
made available to Privileged Persons hereunder, or (b) such Person is a Borrower Affiliate or the Manager, or an agent or Affiliate
of the foregoing, in which case such Person shall be permitted to receive access to the Distribution Date Statements prepared
by the Certificate Administrator. The Investor Certification shall be substantially in the form of Exhibit K-1 or Exhibit
K-2 hereto, as applicable, or may be in the form of an electronic certification contained on the Certificate Administrator’s
Website containing the same information as Exhibit K-1 or Exhibit K-2, as applicable. Investor Certifications may
be submitted electronically via the Certificate


 



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Administrator’s Website. The Certificate Administrator may require that
Investor Certifications be resubmitted from time to time in accordance with its policies and procedures.


 


“Investor
Q&A Forum”: As defined in Section 4.5(a).


 


“Investor
Registry”: As defined in Section 4.5(b).


 


“IRS”:
The Internal Revenue Service.


 


“JPMCB”:
As defined in the Introductory Statement.


 


“KeyBank”:
KeyBank National Association, a national banking association, and its successors in interest.


 


“Leases”:
With respect to the Properties, a “Lease” as defined in the Mortgage Loan Agreement.


 


“Lender”:
As defined in the Mortgage Loan Agreement.


 


“LIBOR”
or “LIBOR Rate Index”: With respect to each Certificate Interest Accrual Period, the rate (expressed as a percentage
per annum and rounded up to the next nearest 1/1000 of 1%) for deposits in U.S. dollars, for a one-month period, that appears
on “Thomson Reuters ICE LIBOR# Rates – LIBOR01” (or the successor thereto) as of 11:00 a.m., London time, on
the related LIBOR Determination Date. If such rate does not appear on Thomson Reuters ICE LIBOR# Rates - LIBOR01 as of 11:00 a.m.,
London time, on such LIBOR Determination Date, LIBOR shall be the arithmetic mean of the offered rates (expressed as a percentage
per annum) for deposits in U.S. dollars for a one-month period that appear on the Thomson Reuters ICE LIBOR# Rates –
LIBOR01 as of 11:00 a.m., London time, on such LIBOR Determination Date, if at least two such offered rates so appear. If fewer
than two such offered rates appear on the Thomson Reuters ICE LIBOR# Rates – LIBOR01 as of 11:00 a.m., London time, on such
LIBOR Determination Date, the Certificate Administrator shall request the principal London office of any four major reference
banks in the London interbank market selected by the Certificate Administrator to provide such bank’s offered quotation
(expressed as a percentage per annum) to prime banks in the London interbank market for deposits in U.S. dollars for a
one-month period as of 11:00 a.m., London time, on such LIBOR Determination Date for the amounts of not less than U.S.$1,000,000.
If at least two such offered quotations are so provided, LIBOR shall be the arithmetic mean of such quotations. If fewer than
two such quotations are so provided, the Certificate Administrator shall request any three major banks in New York City selected
by the Certificate Administrator to provide such bank’s rate (expressed as a percentage per annum) for loans in U.S.
dollars to leading European banks for a one-month period as of approximately 11:00 a.m., New York City time on the applicable
LIBOR Determination Date for amounts of not less than U.S.$1,000,000. If at least two such rates are so provided, LIBOR will be
the arithmetic mean of such rates. Notwithstanding the foregoing, in no event shall LIBOR be less than 0.25% per annum
(the “Rate Index Floor”).


 


With
respect to the Mortgage Loan and each Mortgage Loan Interest Accrual Period, LIBOR shall be determined by the Servicer and with
respect to each Class of Certificates and each Certificate Interest Accrual Period, LIBOR for the Pass-Through Rates on the


 



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Certificates
shall be determined by the Certificate Administrator, in each case in accordance with Section 3.30. Any discrepancy between
the LIBOR determination made by the Servicer with respect to the Mortgage Loan and the LIBOR determination made by the Certificate
Administrator with respect to the Certificates shall be resolved as set forth in Section 3.30.


 


“LIBOR
Determination Date”: With respect to each Floating Rate Mortgage Loan Interest Accrual Period and each Certificate Interest
Accrual Period, the date that is two London Business Days prior to the day on which Mortgage Loan Interest Accrual Period or Certificate
Interest Accrual Period commences, as applicable. The LIBOR Determination Date for the Floating Rate Loan shall be the same as
the LIBOR Determination Date for the Certificates, except that with respect to the first Certificate Interest Accrual Period for
the Certificates, the LIBOR Determination Date will be two London Business Days prior to the Closing Date.


 


“LIBOR
Rate Loan”: As defined in the Mortgage Loan Agreement.


 


“Liquidated
Property”: Any Property, if it has been liquidated and the Special Servicer has determined that all amounts which it
expects to recover from or on account of such related Property have been recovered.


 


“Liquidation/Default
Principal Distribution Amount”: For each Distribution Date and any Class of Principal Balance Certificates an amount
equal to (i) all amounts collected or advanced in respect of principal with respect to the Trust Loan during the related Collection
Period, including, without limitation, any prepayments and (ii) all amounts received during the related Collection Period in respect
of principal on the purchase price of the Mortgage Loan and allocated to the Trust Loan or Repurchase Price of the Trust Loan,
Liquidation Proceeds, insurance or condemnation proceeds, or any sale of the Trust Loan, in the case of either (i) or (ii),
that would be allocated to such Class of Certificates if distributed to the Certificateholders in Sequential Order (without regard
to Series of Certificates or Component of the Trust Loan), in each case, pro rata to each Class of such Class of Certificates,
based on the Certificate Balance of such Certificate, until reduced to zero.


 


“Liquidation
Event”: Any sale of the Mortgage Loan, any foreclosure on the Properties (or any portion of the Properties), and sale
of any Foreclosed Property, any purchase of the Trust Loan (or any portion thereof) by the Trust Loan Seller or any other liquidation
of the Mortgage Loan.


 


“Liquidation
Expenses”: Reasonable and customary expenses (other than expenses covered by any insurance policy) incurred by the Servicer,
the Special Servicer, the Certificate Administrator or the Trustee in connection with the liquidation of the Properties (or any
Property) (including for the avoidance of doubt, reasonable and customary expenses incurred by the Servicer, the Special Servicer,
the Certificate Administrator or the Trustee in connection with the sale of the Mortgage Loan), such expenses including, without
limitation, legal fees and expenses, appraisal fees, brokerage fees and commissions, conveyance taxes and trustee and co-trustee
fees, if any. Liquidation Expenses shall not include any previously incurred expenses which have been previously reimbursed to
the party incurring the same or which were netted


 



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against income from any Foreclosed Property and were considered in the calculation
of the amount of Foreclosure Proceeds pursuant to the definition thereof.


 


“Liquidation
Fee”: A fee payable to the Special Servicer with respect to each Liquidated Property or the liquidation of the Specially
Serviced Mortgage Loan, whether through judicial foreclosure, sale or otherwise, or in connection with the sale, discounted payoff
or other liquidation of the Trust Loan, as to which the Special Servicer receives any Liquidation Proceeds, equal to the product
of the Liquidation Fee Rate and the Net Liquidation Proceeds related to such Liquidated Property or Specially Serviced Mortgage
Loan; provided that any such Liquidation Fee shall be reduced by the Net Modification Fees paid by the Borrowers with respect
to the Specially Serviced Mortgage Loan that were received and retained by the Special Servicer, but only to the extent those
Net Modification Fees have not previously been deducted from a Work-out Fee or Liquidation Fee; and provided, further,
that the Special Servicer shall not be entitled to receive a Liquidation Fee in connection with (i) the repurchase of all or any
allocable portion of the Trust Loan by the Trust Loan Seller pursuant to the Trust Loan Purchase Agreement (so long as such repurchase
occurs within the ninety (90) day time period required by the Trust Loan Purchase Agreement for the Trust Loan Seller to cure
or repurchase the Mortgage Loan or allocable portion (including any applicable extended cure periods), (ii) a sale of the Mortgage
Loan by the Special Servicer to the Servicer or Special Servicer or any Affiliate of the foregoing in accordance with Section
3.16.


 


“Liquidation
Fee Rate”: A rate equal to 0.50%.


 


“Liquidation
Proceeds”: Amounts (other than Insurance Proceeds and Condemnation Proceeds) received by the Special Servicer and/or
the Certificate Administrator in connection with the liquidation of the Specially Serviced Mortgage Loan, the Trust Loan, any
Companion Loan, any Note or any Property, whether through judicial foreclosure, sale or otherwise, or in connection with the sale,
discounted payoff or other liquidation of the Mortgage Loan, the Trust Loan, any Companion Loan or any Note (other than amounts
required to be paid to the Loan Parties pursuant to law or the terms of the Mortgage Loan Agreement) including the proceeds of
any full, partial or discounted payoff of the Mortgage Loan, the Trust Loan, any Companion Loan or any Note (exclusive of any
portion of such payoff or proceeds that represents Default Interest).


 


“Loan
Party”: Each of the Borrowers and the Guarantor.


 


“Lockbox
Accounts”: As defined in the Mortgage Loan Agreement.


 


“Lockbox
Agreement”: As defined in the Mortgage Loan Agreement.


 


“London
Business Day”: Any day other than a Saturday, Sunday or any other day on which commercial banks in London, England are
not open for business.


 


“Lower-Tier
Distribution Account”: A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier
REMIC.


 


“Lower-Tier
Distribution Amount”: As defined in Section 4.1(b).


 






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“Lower-Tier
Principal Amount”: With respect to any Class of Uncertificated Lower-Tier Interests, (i) on or prior to the first Distribution
Date, an amount equal to the Original Lower-Tier Principal Amount of such Class as specified in the Introductory Statement to
this Agreement, and (ii) as of any date of determination after the first Distribution Date an amount equal to the Certificate
Balance of the Class of Related Certificates on the preceding Distribution Date (after giving effect to distribution of principal
and allocation of Realized Losses or increases in principal balance due to Actual Recoveries to such Class of Related Certificates
on such Distribution Date).


 


“Lower-Tier
REMIC”: One of two separate REMICs comprising the Trust Fund, the assets of which consist of all of the assets of the
Trust Fund other than the Retained Interest Amount and the assets of the Upper-Tier REMIC.


 


“MAI
Standards”: Standards of Professional Appraisal Practice established for Members of the Appraisal Institute.


 


“Major
Decision”: Any of the following:


 


(i)        any
proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of a Foreclosed Property or a deed-in-lieu
of foreclosure) of the ownership of the Properties;


 


(ii)       any
modification, consent to a modification or waiver of any monetary term (other than late fees and Default Interest) or material
non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs) of the Mortgage
Loan or any extension of the Maturity Date of the Mortgage Loan other than as permitted pursuant to the terms of the Mortgage
Loan;


 


(iii)      any
exercise of remedies, including the acceleration of the Mortgage Loan or initiation of any proceedings under the Mortgage Loan
Documents;


 


(iv)      any
direct or indirect sale of the Mortgage Loan for less than the Repurchase Price or any direct or indirect sale of any Foreclosed
Property for less than the applicable Mortgage Loan Purchase Price;


 


(v)       any
determination to bring a Property or Foreclosed Property into compliance with applicable environmental laws or to otherwise address
hazardous material located at a Property or Foreclosed Property;


 


(vi)      any
release of material Collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any consent to
either of the foregoing, other than if required pursuant to the specific terms of the Mortgage Loan and for which there is no
material Lender discretion and any related determination that any debt yield test with respect to the release of any Property
has been satisfied;


 






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(vii)     any
waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Mortgage Loan or any consent
to such a waiver or consent to a transfer of any Property or interests in the Borrowers;


 


(viii)    any
incurrence of additional debt by a Borrower or any mezzanine financing (or issuance of preferred equity that is substantially
equivalent to a mezzanine loan) by any beneficial owner of a Borrower other than pursuant to the specific terms of the Mortgage
Loan and for which there is no material Lender discretion;


 


(ix)       any
property management company changes or modifications, waivers or amendments to any Management Agreement (with respect to the Mortgage
Loan for which the Lender is required to consent or approve under the Mortgage Loan Documents);


 


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


 


(xi)       any
release of (or acceptance of an assumption agreement releasing) any Borrower, the Guarantor or other obligor from liability under
the Mortgage Loan other than pursuant to the specific terms of the Mortgage Loan and for which there is no Lender discretion;


 


(xii)      any
determination of an Acceptable Insurance Default;


 


(xiii)     approval
of any Borrower plan of bankruptcy;


 


(xiv)     any
amendment, modification or waiver of, or the replacement of, or entry into, any Ground Lease (including any Ground Lease estoppel
modifying the terms of a Ground Lease), or other material agreement as and to the extent Lender consent is required by the Mortgage
Loan Documents and/or entering into, modifying or terminating any material SNDA;


 


(xv)      any
material modification, waiver or amendment of the Co-Lender Agreement, or any action to enforce rights (or decision not to enforce
rights) with respect to the Co-Lender Agreement;


 


(xvi)     approving
annual budgets (to the extent Lender approval is required); or


 


(xvii)    approval
of casualty/condemnation insurance settlements other than pursuant to the specific terms of the Mortgage Loan, and any determination
to apply casualty proceeds or condemnation awards to the reduction of the debt rather than to the restoration of the related Property
if application of such proceeds would not result in payment in full of the Mortgage Loan;


 






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“Majority
Controlling Class Certificateholders”: The Holder(s) of Certificates representing more than fifty percent (50%) of the
Controlling Class, by Certificate Balance, as determined by the Certificate Registrar.


 


“Management
Agreement”: As defined in the Mortgage Loan Agreement.


 


“Manager”:
As defined in the Mortgage Loan Agreement.


 


“Material
Breach”: As defined in the Trust Loan Purchase Agreement.


 


“Material
Document Defect”: As defined in the Trust Loan Purchase Agreement.


 


“Maturity
Date”: With respect to each Component, the Scheduled Maturity Date or such other date on which the outstanding principal
balance of such Component becomes due and payable, whether at the Scheduled Maturity Date, the applicable Extended Maturity Date,
by declaration of acceleration, or otherwise.


 


“Modification
Fees”: With respect to the Mortgage Loan, any and all fees with respect to a modification, extension, waiver or amendment
that modifies, extends, amends or waives any term of the Mortgage Loan Documents (as evidenced by a signed writing) agreed to
by the Servicer or the Special Servicer (other than all Assumption Fees, Assumption Application Fees, consent fees, Special Servicing
Fees, Liquidation Fees or Work-out Fees). With respect to each of the Servicer and Special Servicer, the Modification Fees collected
and earned by such person from the Borrowers (taken in the aggregate with any other Modification Fees collected and earned by
such person from the Borrowers) will be subject to an aggregate cap of $3,000,000.


 


“Monthly
Payment”: With respect to the Trust Loan or the Mortgage Loan and any Distribution Date, the scheduled payment of interest
on the Trust Loan or the Mortgage Loan and the Balloon Payment, in each case that is due and payable on the preceding Payment
Date.


 


“Monthly
Payment Advance”: Any advance made with respect to the Trust Loan by the Servicer or the Trustee pursuant to Section
3.23(a) or, if not made by the Servicer, made by the Trustee pursuant to Section 7.6, as applicable. Each reference
to the reimbursement or payment of a Monthly Payment Advance shall be deemed to include, whether or not specifically referred
to, payment or reimbursement of interest thereon at the Advance Rate through the date preceding the date of payment or reimbursement.


 


“Mortgage”:
As defined in the Mortgage Loan Agreement.


 


“Mortgage
File”: As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage File pursuant
to this Agreement.


 


“Mortgage
Loan”: As defined in the Introductory Statement to this Agreement.


 


“Mortgage
Loan Agreement”: As defined in the Introductory Statement.


 






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“Mortgage
Loan Documents”: All documents executed and/or delivered by the Borrowers or the Guarantor (or their Affiliates) evidencing
or securing the Mortgage Loan and any amendment thereof or thereafter or subsequently added to the Mortgage File, including without
limitation the Mortgage Loan Agreement.


 


“Mortgage
Loan Event of Default”: An Event of Default as defined in the Mortgage Loan Agreement.


 


“Mortgage
Loan Interest Accrual Period”: With respect to each Payment Date and: (a) with respect to the Floating Rate Loan, the
period commencing on and including the 5th day of the prior calendar month and ending on and including the 4th day of the calendar
month in which such Payment Date occurs (the “Floating Rate Mortgage Loan Interest Accrual Period”) and (b)
with respect to the Fixed Trust Rate Loan, the period commencing on and including the first day of the calendar month immediately
preceding such Payment Date occurs and ending on and including the last day of such calendar month.


 


“Mortgage
Loan Purchase Price”: Amount (without duplication) equal to the sum of (i) the unpaid principal balance of the Mortgage
Loan, (ii) accrued and unpaid interest on each Note at the related interest rate applicable to such Note through and including
the last day of the related Mortgage Loan Interest Accrual Period in which the repurchase is to occur, (iii) unreimbursed Property
Protection Advances and Administrative Advances and fees and amounts owed to the Servicer, the Special Servicer, the Certificate
Administrator, the Trustee and the Operating Advisor together with interest on Advances, (iv) an amount equal to the sum of (A)
all interest on outstanding Monthly Payment Advances and (B) all interest on and all Companion Loan Advances and (v) any unpaid
Trust Fund Expenses and any amounts owed to the parties to the Trust and Servicing Agreement or any Other Pooling and Servicing
Agreement with respect to the related Companion Loan.


 


“Mortgage
Rate”: With respect to the Floating Rate Loan, the Floating Rate Loan Rate and with respect to the Fixed Rate Trust
Loan, the Fixed Rate Trust Loan Rate.


 


“Net
Component Rate”: With respect to:


 


(a)       the
Floating Rate Loan and each Component of the Floating Rate Loan and any Distribution Date, the Component Rate in respect of
such Component (net of the Servicing Fee Rate, the Certificate Administrator Fee Rate (including the portion that is the
Trustee Fee), the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate and
exclusive of Default Interest, in each case allocable to such Component for the related Mortgage Loan Interest Accrual
Period; provided that any modification that reduces a Component Rate will be disregarded for purposes of calculating
the Pass-Through Rates on the Certificates; and with respect to the Fixed Rate Trust Loan and each Component of the Fixed
Rate Trust Loan and any Distribution Date, the annualized rate at which interest would have to accrue in respect of the
Components thereof on the basis of a 360-day year consisting of twelve 30-day months in order to produce the aggregate amount
of interest (net of interest at the Servicing Fee Rate applicable to the Fixed Rate Trust Loan, the Certificate Administrator
Fee Rate (including the portion that is the Trustee Fee), the Operating Advisor Fee Rate and the


 



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CREFC® Intellectual Property Royalty License Fee Rate and exclusive of Default Interest
in each case allocable to such Component) actually accrued on such Component during the related Mortgage Loan Interest Accrual
Period;


 


provided
that any modification that reduces a Component Rate will be disregarded for purposes of calculating the Pass-Through Rates
for the Certificates; provided, further, with respect to such Component of the Fixed Rate Trust Loan, (a)
the Net Component Rate for the Mortgage Loan Interest Accrual Period preceding the Payment Dates in (x) January and February in
each year that is not a leap year or (y) in February only in each year that is a leap year (in the case of either (x) or (y),
unless the related Distribution Date is the final Distribution Date), will be the annualized rate at which interest would have
to accrue in respect of such Component on the basis of a 360-day year consisting of twelve 30-day months in order to produce the
aggregate amount of interest (net of interest at the Servicing Fee Rate, the Certificate Administrator Fee Rate (including the
portion that is the Trustee Fee), the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License
Fee Rate and exclusive of Default Interest, in each case allocable to such Component) actually accrued on the respective Component
during such Mortgage Loan Interest Accrual Period, minus the applicable Withheld Amounts and (b) the Net Component Rate for the
Mortgage Loan Interest Accrual Period preceding the Payment Date in March (or February, if the related Distribution Date is the
final Distribution Date), will be the annualized rate at which interest would have to accrue in respect of each Component of the
Fixed Rate Trust Loan on the basis of a 360-day year consisting of twelve 30-day months in order to produce the aggregate amount
of interest (net of interest at the Servicing Fee Rate, the Certificate Administrator Fee Rate (including the portion that is
the Trustee Fee), the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate
and exclusive of Default Interest, in each case allocable to such Component) actually accrued on such Component during such Mortgage
Loan Interest Accrual Period, plus the applicable Withheld Amounts.


 


“Net
Foreclosure Proceeds”: With respect to each related Foreclosed Property, the Foreclosure Proceeds with respect to such
related Foreclosed Property net of any insurance premiums, taxes, assessments, ground rents and other costs permitted to be paid
therefrom pursuant to Section 3.14.


 


“Net
Liquidation Proceeds”: The excess of Liquidation Proceeds received with respect to a Property or the Mortgage Loan over
the amount of Liquidation Expenses incurred with respect thereto.


 


“Net
Modification Fees”: With respect to the Mortgage Loan, the sum of (A) the remainder, if any, of (i) any and all Modification
Fees with respect to a modification, waiver, extension or amendment of any of the terms of the Mortgage Loan, minus (ii) all unpaid
or unreimbursed additional expenses (including, without limitation, reimbursement of Advances and interest on Advances at the
Advance Rate to the extent not otherwise paid or reimbursed by the Borrowers but excluding Special Servicing Fees, Work-out Fees
and Liquidation Fees) either outstanding or previously incurred on behalf of the Trust or the Other Securitization Trust with
respect to the Mortgage Loan and reimbursed from such Modification Fees and (B) expenses previously paid or reimbursed from Modification
Fees as described in the preceding clause (A), which expenses have been subsequently recovered from the Borrowers or otherwise.


 






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“Net
Proceeds”: As defined in the Mortgage Loan Agreement.


 


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


 


“Non-Book
Entry Certificates”: As defined in Section 5.2(c).


 


“Nondisqualification
Opinion”: An Opinion of Counsel, prepared at the Trust Fund’s expense and payable from the Collection Account,
to the effect that a contemplated action will not cause (i) either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify
as a REMIC at any time that any Certificates are outstanding or (ii) a “prohibited transaction” or “prohibited
contributions” tax to be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC at any time that any Certificates
are outstanding.


 


“Nonrecoverable
Advance”: Any portion of an Advance previously made and not previously reimbursed, or proposed to be made, including
interest on such Advance, which, in accordance with Accepted Servicing Practices (in the case of the Servicer) or good faith and
reasonable business judgment (in the case of the Trustee) would not be ultimately recoverable from subsequent payments or collections
(including Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds) in respect of the Mortgage Loan or the Properties
(in the case of Property Protection Advances or Administrative Advances) or the Trust Loan (in the case of Monthly Payment Advances)
or from funds on deposit in the Collection Account pursuant to Section 3.4(c). The Trustee may rely conclusively upon a
determination of non-recoverability made by the Servicer. The Servicer or the Special Servicer may consider, among other things,
the items listed in Section 3.23(h) when making a non-recoverability determination regarding a Nonrecoverable Advance.


 


“Non-U.S.
Beneficial Ownership Certification”: As defined in Section 5.3(f).


 


“Non-U.S.
Person”: A Person that is not a U.S. Person.


 


“Notes”:
As defined in the Introductory Statement to this Agreement.


 


“Notional
Amount”: In the case of the Class X-FL Certificates, the Class X-FL Notional Amount. In the case of the Class XA-FX
Certificates, the Class XA-FX Notional Amount. In the case of the Class XB-FX Certificates, the Class XB-FX Notional Amount.


 


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


 


“NRSRO
Certification”: A certification (a) substantially in the form of Exhibit M executed by an NRSRO (including any
Rating Agency) or (b) provided electronically and executed by such NRSRO by means of a “click-through” confirmation
on the 17g-5 Information Provider’s Website, in either case in favor of the 17g-5 Information Provider that states that
(a) such NRSRO is a Rating Agency, or (b) that such NRSRO has provided the Depositor with the appropriate certifications under
paragraph (e) of Rule 17g-5, such NRSRO has access to the Depositor’s 17g-5 website and any confidentiality provisions relating
to information on the


 



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Depositor’s 17g-5 website apply equally to information on the Certificate Administrator’s Website
and the 17g-5 Information Provider’s Website.


 


“Offering
Circular”: The Offering Circular, dated July 27, 2018, for the Certificates.


 


“Officer’s
Certificate”: A certificate signed by (i) the Chairman of the Board, the Vice Chairman of the Board, the President or
a Vice President (however denominated), the Treasurer, the Secretary, one of the Assistant Treasurers or Assistant Secretaries,
any Servicing Officer, Responsible Officer or other officer of the Servicer, the Special Servicer, the Depositor, a Mortgage Loan
Seller or any other entity referred to herein, as the case may be, customarily performing functions similar to those performed
by any of the above designated officers and also with respect to a particular matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity with the particular subject and (ii) with respect to the
Certificate Administrator and the Trustee, a Responsible Officer.


 


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


 


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


 


“Operating
Advisor Consultation Event”: The event that occurs when the Certificate Balance of the Class HRR Certificates (taking
into account the application of any Trust Appraisal Reduction Amounts to notionally reduce the Certificate Balance of such Class)
is 25% or less of the initial Certificate Balance of such Class.


 


“Operating
Advisor Consulting Fee”: A fee for each Asset Status Report and Major Decision on which the Operating Advisor has consultation
obligations and performed its duties with respect to such Asset Status Report or Major Decision equal to $10,000 (or such lesser
amount as the Borrower agrees to pay with respect to such Mortgage Loan), payable pursuant to Section 3.26(h) of this Agreement;
provided, however, that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting
Fee with respect to any Asset Status Report or Major Decision; provided, further, that the Servicer or Special Servicer,
as applicable, may waive or reduce the amount of any such Operating Advisor Consulting Fee payable by the Borrowers if it determines
that such full or partial waiver is in accordance with Accepted Servicing Practices, but may in no event take any enforcement
action with respect to the collection of such Operating Advisor Consulting Fee other than requests for collection (provided
that the Servicer or the Special Servicer, as applicable, shall consult, on a non-binding basis, with the Operating Advisor
prior to any such waiver or reduction).


 


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


 


“Operating
Advisor Fee”: With respect to the Mortgage Loan, the fee payable to the Operating Advisor pursuant to Section 3.26(h).


 






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“Operating
Advisor Fee Rate”: With respect to the Mortgage Loan, a per annum rate of 0.0013% (0.13 basis points).


 


“Operating
Advisor Standard”: The requirement that the Operating Advisor must act solely on behalf of the Trust and in the best
interest of, and for the benefit of, the Certificateholders (as a collective whole as if such Certificateholders constituted a
single lender), and not to holders of any particular Class of Certificates (as determined by the Operating Advisor in the exercise
of its good faith and reasonable judgment), but without regard to any conflict of interest arising from any relationship that
the Operating Advisor or any of its Affiliates may have with the Borrower, the Manager, the Borrower Sponsor, the Guarantor, the
Depositor, the Servicer, the Special Servicer, the Directing Certificateholder, any Certificateholder or any of their respective
Affiliates.


 


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


 


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


 


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


 


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


 


(d)       a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding up or liquidation of its affairs, shall


 



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have been entered against the Operating Advisor, and such decree or order shall
have remained in force undischarged or unstayed for a period of sixty (60) days;


 


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


 


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


 


“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be counsel for the Depositor, the Operating
Advisor, the Servicer or the Special Servicer, reasonably acceptable to the Trustee and the Certificate Administrator.


 


“Original
Lower-Tier Principal Amount”: With respect to any Class of Uncertificated Lower-Tier Interests, the initial Lower-Tier
Principal Amount thereof as of the Closing Date, in each case as specified in the Introductory Statement to this Agreement.


 


“Other
Depositor”: With respect to any Other Securitization Trust, the related “depositor” (within the meaning
of Item 1101(e) of Regulation AB).


 


“Other
Exchange Act Reporting Party”: With respect to any Other Securitization Trust that is subject to the reporting requirements
of the Exchange Act, the trustee, certificate administrator, master servicer, special servicer, operating advisor or depositor
under the related Other Pooling and Servicing Agreement that is responsible for the preparation and/or filing of Form 8-K, Form
10-D and Form 10-K with respect to such Other Securitization Trust, as identified in writing to the parties to this Agreement;
and, with respect to any Other Securitization Trust that is not subject to the reporting requirements of the Exchange Act and
for the purposes of Sections 13.7, 13.8, 13.9 and 13.16 only, the trustee, certificate administrator,
master servicer, special servicer, operating advisor or depositor under the related Other Pooling and Servicing Agreement that
is responsible for the preparation and/or dissemination of periodic distribution date statements or similar reports, as identified
in writing to the parties to this Agreement.


 


“Other
Pooling and Servicing Agreement”: The applicable pooling and servicing agreement or other applicable comparable agreement
governing the creation of any Other Securitization Trust and the issuance of securities with respect to any Companion Loan (or
any portion thereof or interest therein).


 


“Other
Securitization Trust”: Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds
a Companion Loan or Foreclosed Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties
to this Agreement.


 






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“Partial
Repurchase Fraction”: The Allocated Mortgage Loan Amount being repurchased, divided by the outstanding principal balance
of the Mortgage Loan (immediately prior to the repurchase).


 


“Pass-Through
Rate”: For the following Classes of Certificates, the related Pass-Through Rate set forth below; and for each Uncertificated
Lower-Tier Interest, the Net Component Rate of the Related Component, at which, in each case, interest accrues on the Certificate
Balance, Notional Amount or Lower-Tier Principal Amount, as applicable, of such Class as set forth in the Introductory Statement
to this Agreement.


 






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	Class
of Certificates
	Pass-Through
Rate

	Class
    A-FL Certificates	Class
    A-FL Pass-Through Rate
	Class
    A-FX Certificates	Class
    A-FX Pass-Through Rate
	Class
    X-FL Certificates	Class
    X-FL Pass-Through Rate
	Class
    XA-FX Certificates	Class
    XA-FX Pass-Through Rate
	Class
    XB-FX Certificates	Class
    XB-FX Pass-Through Rate
	Class
    B-FL Certificates	Class
    B-FL Pass-Through Rate
	Class
    B-FX Certificates	Class
    B-FX Pass-Through Rate
	Class
    C-FL Certificates	Class
    C-FL Pass-Through Rate
	Class
    C-FX Certificates	Class
    C-FX Pass-Through Rate
	Class
    D-FL Certificates	Class
    D-FL Pass-Through Rate
	Class
    D-FX Certificates	Class
    D-FX Pass-Through Rate
	Class
    E-FL Certificates	Class
    E-FL Pass-Through Rate
	Class
    E-FX Certificates	Class
    E-FX Pass-Through Rate
	Class
    F-FL Certificates	Class
    F-FL Pass-Through Rate
	Class
    F-FX Certificates	Class
    F-FX Pass-Through Rate
	Class
    G-FL Certificates	Class
    G-FL Pass-Through Rate
	Class
    G-FX Certificates	Class
    G-FX Pass-Through Rate
	Class
    H-FL Certificates	Class
    H-FL Pass-Through Rate
	Class
    H-FX Certificates	Class
    H-FX Pass-Through Rate
	Class
    HRR Certificates	Class
    HRR Pass-Through Rate


 


“Payment
Date”: With respect to each Component, the first day of each calendar month during the term of the Mortgage Loan or,
if such day is not a Business Day, the immediately preceding Business Day.


 


“Percentage
Interest”: With respect to any Certificate (other than the Class R Certificates), the initial Certificate Balance or
Notional Amount of such Certificate divided by


 



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the initial Certificate Balance or Notional Amount of all of the Certificates of
the related Class, and with respect to the Class R Certificates, the percentage specified on the Certificate held by the Holder
of such Certificate.


 


“Permitted
Encumbrances”: As defined in the Mortgage Loan Agreement.


 


“Permitted
Investments”: Any one or more of the following obligations or securities acquired at a purchase price of not greater
than par, including those issued by the Servicer, the Certificate Administrator or the Trustee or any of their respective Affiliates,
payable on demand or having a maturity date not later than the Business Day immediately prior to the first Payment Date following
the date of acquiring such investment and meeting one of the appropriate standards set forth below:


 


(i)       direct
obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of America,
Fannie Mae, Freddie Mac or any agency or instrumentality of the United States of America, the obligations of which are backed
by the full faith and credit of the United States of America that mature in one (1) year or less from the date of acquisition;
provided that any obligation of, or guarantee by, any agency or instrumentality of the United States of America shall be
a Permitted Investment only if such investment would not result in the downgrading, withdrawal or qualification of the then-current
rating assigned by each Rating Agency to any Certificate as evidenced in writing, other than (a) unsecured senior debt obligations
of the U.S. Treasury (direct or fully funded obligations), U.S. Department of Housing and Urban Development public housing agency
bonds, Federal Housing Administration debentures, Government National Mortgage Association guaranteed mortgage-backed securities
or participation certificates, RefCorp debt obligations and SBA-guaranteed participation certificates and guaranteed pool certificates
and (b) Farm Credit System consolidated systemwide bonds and notes, Federal Home Loan Banks’ consolidated debt obligations,
Freddie Mac debt obligations, and Fannie Mae debt obligations (1) rated at least “A-1” by S&P, if such obligations
mature in sixty (60) days or less, or (2) rated at least “AA-”, “A-1+” or “AAAm” by S&P,
if such obligations mature in 365 days or less;


 


(ii)       federal
funds, unsecured certificates of deposit, time deposits, banker’s acceptances, and repurchase agreements having maturities
of not more than 365 days of any commercial bank organized under the laws of the United States of America or any state thereof
or the District of Columbia, the short-term debt obligations of which are rated (a) “A-1” (or the equivalent) by S&P
and, if it has a term in excess of 60 days, the short-term obligations of which are rated at least “A-1+” by S&P,
or the long-term obligations of which corporation are rated at least “AA-” by S&P, and if it has a term in excess
of three months, the long-term debt obligations of which are rated “AAA” (or the equivalent) by S&P, and (b) (1)
the short term obligations of which are rated in the highest short term debt rating category of DBRS (or, if not rated by DBRS,
an equivalent (or higher) rating by any two (2) other NRSROs (which may include S&P)) and (2) if it has a term in excess of
six months, the long term debt obligations of which are rated “AAA” by DBRS (or, if not rated by DBRS, an equivalent
(or higher) rating by any two (2) other NRSROs (which may include S&P), and (c) if not rated by any Rating Agency,


 



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otherwise
acceptable to each such Rating Agency, and in any such case as confirmed in a Rating Agency Confirmation relating to the Certificates;


 


(iii)       deposits
that are fully insured by the Federal Deposit Insurance Corp. (“FDIC”);


 


(iv)       commercial
paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified
date not more than one year after the date of issuance thereof) with maturities of not more than 365 days, (a) in the case of
such investments with maturities of thirty (30) days or less, the short term obligations of which are rated at least “A-1+”
by S&P (or “A-1” by S&P, if the obligations mature within 60 days) and, if it has a term in excess of six
months, the long-term debt obligations of which are rated “AAA” (or the equivalent) by S&P, (b) in the case of
such investments with maturities of six months or less, the short-term obligations of which are rated at least “A-1+”
by S&P, or the long-term obligations of which corporation are rated at least “AA-” by S&P (with a short-term
rating of “A-1” by S&P) and the short term obligations of which are rated at least “R-1(high)” by
DBRS (or, if not rated by DBRS, an equivalent (or higher) rating by any two (2) other NRSROs (which may include S&P)), and
(c) in the case of such investments with maturities of more than six months (but less than 365 days), the short term obligations
of which are rated in the highest short-term debt rating category of DBRS (or, if not rated by DBRS, an equivalent (or higher)
rating by any two other NRSROs (which may include S&P)) or the long term obligations of which are rated at least “AAA”
(or the equivalent) by DBRS (or, if not rated by DBRS, an equivalent (or higher) rating by any two other NRSROs (which may include
S&P)), or if not so rated by any such Rating Agencies, otherwise acceptable to each Rating Agency, and in any such case as
confirmed in a Rating Agency Confirmation relating to the Certificates;


 


(v)        any
money market fund that (a) has substantially all of its assets invested continuously in the types of investments referred to in
clause (i) above, (b) has net assets of not less than $5,000,000,000, (c) maintains a constant net asset value, (d) has
the highest rating obtainable from S&P and (e) has the highest rating obtainable from DBRS (or, if not rated by such Rating
Agency, an equivalent rating (or higher) by at least two (2) NRSROs);


 


(vi)       the
Wells Fargo Money Market Funds, so long as it maintains a constant net asset value and is rated by S&P and DBRS in their highest
respective money market fund ratings category (or, if not rated by any such Rating Agency, as otherwise acceptable to such Rating
Agency as confirmed in a Rating Agency Confirmation);


 


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


 






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(viii)       such
other investments as to which each Rating Agency shall have delivered a Rating Agency Confirmation.


 


provided,
however, that with respect to any Permitted Investment for which a rating by S&P is required as set forth above, such
rating must be an unqualified rating (i.e., one with no qualifying suffix), with the exception of ratings with regulatory indicators,
such as the (sf) subscript, and unsolicited ratings; provided, further, however, that each Permitted Investment
qualifies as a “cash flow investment” pursuant to Section 860G(a)(6) of the Code, and that (a) it shall have a predetermined
fixed dollar of principal due at maturity that cannot vary or change and (b) any such investment that provides for a variable
rate of interest must have an interest rate that is tied to a single interest rate index plus a fixed spread, if any, and move
proportionately with such index; and provided, further, however, that no such instrument shall be a Permitted
Investment (a) if such instrument evidences principal and interest payments derived from obligations underlying such instrument
and the interest payments with respect to such instrument provide a yield to maturity at the time of acquisition of greater than
120% of the yield to maturity at par of such underlying obligations, (b) if such instrument may be redeemed at a price below the
purchase price or (c) if such investment is purchased at a premium over par; and provided, further, however,
that no amount beneficially owned by the Upper-Tier REMIC or the Lower-Tier REMIC (even if not yet deposited in the Trust) may
be invested in investments (other than money market funds) treated as equity interests for federal income tax purposes, unless
the Servicer receives an Opinion of Counsel, at its own expense, to the effect that such investment will not adversely affect
the status of the Upper-Tier REMIC or the Lower-Tier REMIC as a REMIC. Permitted Investments may not be interest-only securities.
All investments shall mature or be redeemable upon the option of the holder thereof on or prior to the earlier of (x) three months
from the date of their purchase and (y) the Business Day preceding the day before the date such amounts are required to be applied
hereunder.


 


“Permitted
Special Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, banking fees, insurance commissions
or fees, property condition report fees and appraisal fees received or retained by the Special Servicer or any of its Affiliates
in connection with any services performed by such party with respect to the Trust Loan, Mortgage Loan, any Companion Loan or Foreclosed
Property in accordance with this Agreement.


 


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


 






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“Person”:
Any individual, corporation, limited liability company, partnership, joint venture, estate, trust, unincorporated association,
bank, any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting
in such capacity on behalf of any of the foregoing.


 


“Plan”:
As defined in Section 5.3(m).


 


“Prepayment
Charges”: Any Spread Maintenance Payments, Yield Maintenance Premiums, prepayment premiums and Yield Maintenance Default
Premiums.


 


“Prepayment
Rate”: As defined in the Mortgage Loan Agreement.


 


“Prime
Interest Rate”: With respect to each Mortgage Loan Interest Accrual Period and each Component, a per annum rate
equal to the Prime Rate Index determined as of the LIBOR Determination Date immediately preceding the commencement of such Mortgage
Loan Interest Accrual Period plus the Prime Rate Spread for such Component; provided, however, in no event will the Prime
Interest Rate be deemed to be less than the Rate Index Floor plus the Spread (the “Minimum Rate”).


 


“Prime
Rate Index”: The annual rate of interest publicly announced by JPMCB, in New York, New York, as its base rate, as such
rate changes from time to time. If JPMCB ceases to announce a base rate, Prime Rate Index shall mean the rate of interest published
in The Wall Street Journal from time to time as the “Prime Rate.” If The Wall Street Journal ceases
to publish the “Prime Rate,” the Servicer or the Certificate Administrator, as applicable shall select an equivalent
publication that publishes such “Prime Rate,” and if such “Prime Rates” are no longer generally published
or are limited, regulated or administered by a governmental or quasi-governmental body, then the Servicer or the Certificate Administrator,
as applicable, shall select a comparable interest rate index. Notwithstanding the foregoing, in no event shall the Prime Rate
Index be less than the Rate Index Floor. With respect to the Mortgage Loan and each Mortgage Loan Interest Accrual Period, the
Prime Rate Index for the Mortgage Rate shall be determined by the Servicer. With respect to each Class of Certificates and each
Certificate Interest Accrual Period, the Prime Rate Index for the Pass-Through Rates on the Certificates shall be determined by
the Certificate Administrator. Any discrepancy for any Certificate Interest Accrual Period in any Prime Rate Index determination
made by the Certificate Administrator and any Prime Rate Index determination made by the Servicer for the corresponding Mortgage
Loan Interest Accrual Period shall be resolved as set forth in Section 4.6.


 


“Prime
Rate Loan”: The Floating Rate Loan at such time as interest on the Floating Rate Loan accrues at a rate of interest
based upon the Prime Rate Index.


 


“Prime
Rate Spread”: With respect to the Floating Rate Loan, in connection with the conversion of the Floating Rate Loan from
a LIBOR Rate Loan to a Prime Rate Loan, the difference (expressed as the number of basis points) of (a) with respect to each Component
of the Floating Rate Loan, the LIBOR Rate Index plus the Spread for such Component as of the LIBOR Determination Date for which
the LIBOR Rate Index was last applicable to the Floating


 



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Rate Loan minus (b) the Prime Rate Index as of such LIBOR Determination
Date; provided, however, that if such difference is a negative number, the Prime Rate Spread will be zero.


 


“Principal
Allocation Order”: With respect to the Mortgage Loan, the allocation of voluntary prepayments of the principal of the
Mortgage Loan in whole or in part and any mandatory prepayment of the principal of the Mortgage Loan in accordance with and according
to the priority set forth in Section 2.4.4 of the Mortgage Loan Agreement and the Co-Lender Agreement.


 


“Principal”:
As defined in the Mortgage Loan Agreement.


 


“Principal
Balance Certificates”: Each Class of Certificates (other than the Class X and Class R Certificates).


 


“Principal
Shortfall”: For each Distribution Date and any Class of Principal Balance Certificates, the amount by which the Class
Principal Distribution Amount for such Class exceeds the amount actually distributed to such Class in respect of principal on
such Distribution Date.


 


“Privileged
Information”: Any (i) correspondence between the Directing Certificateholder, on the one hand, and the Trustee, the
Servicer or the Special Servicer, on the other hand, related to the Specially Serviced Mortgage Loan or the exercise of the Directing
Certificateholder’s consent or consultation rights under this Agreement, (ii) strategically sensitive information that the
Special Servicer has reasonably determined could compromise the Trust’s position in any ongoing or future negotiations with
the Borrowers or other interested party or (iii) information subject to attorney-client privilege; provided, however,
that the Certificate Administrator shall not be under any obligation to review whether any inquiry or response contains such direct
communication with the Directing Certificateholder.


 


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


 


“Privileged
Person”: The Depositor and its designees, the Initial Purchasers, the Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Trust Loan Seller, any Companion Loan Holder that delivers an Investor Certification,
any person who provides the Certificate Administrator with an Investor Certification and any


 



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NRSRO that delivers an NRSRO Certification
to the Certificate Administrator, which Investor Certification and NRSRO Certification may be submitted electronically via the
Certificate Administrator’s Website. For purposes of obtaining access to information in the possession of the Certificate
Administrator and/or receiving any information or report from the Certificate Administrator’s Website (including accessing
the Investor Q&A Forum), other than Distribution Date Statements only, each Borrower Affiliate, the Manager and the respective
agents or Affiliates of the foregoing (in each case, as evidenced by an Investor Certification in the form of Exhibit K-2
hereto) shall be deemed to not be a “Privileged Person”.


 


“Properties”:
As defined in the Mortgage Loan Agreement.


 


“Property
Protection Advance”: As defined in Section 3.23(b).


 


“QIB”:
A “qualified institutional buyer” within the meaning of Rule 144A.


 


“Qualified
Replacement Special Servicer”: A replacement special servicer (i) that satisfies all of the eligibility requirements
applicable to the Special Servicer contained in this Agreement, (ii) that is not the Operating Advisor or an Affiliate of the
Operating Advisor, (iii) that is not obligated to pay the Operating Advisor (x) any fees or otherwise compensate the Operating
Advisor in respect of its obligations under this Agreement, or (y) for the appointment of the successor Special Servicer or the
recommendation by the Operating Advisor for the replacement Special Servicer to become the Special Servicer, (iv) that is not
entitled to receive any compensation from the Operating Advisor other than compensation that is not material and is unrelated
to the Operating Advisor’s recommendation that such party be appointed as the replacement Special Servicer, (v) that is
not entitled to receive any fee from the Operating Advisor for its appointment as successor Special Servicer, in each case, unless
expressly approved by 100% of the Certificateholders, (vi) the Special Servicer is included on S&P’s Select Servicer
List as a U.S. Commercial Mortgage Special Servicer, and (vii) (A) has been appointed and currently serves as a special servicer
on a “transaction level” basis on a CMBS transaction currently rated by DBRS that currently has securities outstanding
that are currently rated by DBRS and (B) is not a special servicer that has been cited by DBRS as having servicing concerns as
the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of securities rated by DBRS in a CMBS transaction serviced by the applicable
servicer prior to the time of determination.


 


“RAC
Decision”: Any of the following actions:


 


(i)       any
action described in clauses (vii), (ix), (x) or (xii) of the definition of Major Decision; and


 


(ii)       to
the extent not required pursuant to clause (i) above, any acceptance of an assumption agreement releasing the Borrower
from liability under the Mortgage Loan.


 


“Rated
Final Distribution Date”: (a) With respect to each Class of Certificates, the Distribution Date in July 2033.


 






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“Rating Agency”:
S&P and DBRS.


 


“Rating
Agency Confirmation”: With respect to any matter, confirmation in writing (which may be in electronic form) by a Rating
Agency that a proposed action, failure to act or other specified event will not, in and of itself, result in the downgrade, withdrawal
or qualification of the then-current rating assigned to any Class of Certificates (if then rated by the Rating Agency) immediately
prior to the occurrence of the action, failure to act or other event with respect to which Rating Agency Confirmation is sought,
which Rating Agency Confirmation may be obtained or deemed to be satisfied as set forth in Section 3.27 hereof; provided
that with respect to any matter affecting any Companion Loan, so long as such Companion Loan (or any portion thereof) is subject
to a securitization transaction, any Rating Agency Confirmation shall also refer to the Companion Loan Rating Agency Confirmation
from each related Companion Loan Rating Agency to the extent provided in Section 3.27; provided, further,
that a written waiver (which may be in electronic form) or other acknowledgment from the Rating Agency indicating its decision
not to review or to decline to review the matter for which the Rating Agency Confirmation is sought shall be deemed to satisfy
the requirement for the Rating Agency Confirmation from the Rating Agency with respect to such matter. At any time during which
no Certificates are rated by a Rating Agency, no Rating Agency Confirmation shall be required from that Rating Agency.


 


“Rating
Agency Inquiry”: As defined in Section 4.5(d).


 


“Rating
Agency Q&A Forum and Document Request Tool”: As defined in Section 4.5(d).


 


“Realized
Loss”: With respect to any Distribution Date is the amount, if any, by which (i) the aggregate of the Certificate Balances
of the Principal Balance Certificates after giving effect to distributions made on such Distribution Date exceeds (ii) the outstanding
principal balance of the Trust Loan after giving effect to (a) any payments of principal received with respect to the Payment
Date occurring immediately prior to such Distribution Date and (b) the aggregate reductions of the principal balance of the Trust
Loan that have been permanently made as a result of a bankruptcy proceeding, modification or otherwise.


 


“Record
Date”: With respect to any Distribution Date, for (x) the Series FX Certificates, the close of business on the last
Business Day of the calendar month preceding the month in which such Distribution Date occurs and (y) the Series FL Certificates,
the Business Day immediately preceding such Distribution Date, or (z) in the case of the first Distribution Date for all Certificates,
the Closing Date.


 


“Regular
Certificates”: The Class A-FL, Class A-FX, Class X-FL, Class XA-FX, Class XB-FX, Class B-FL, Class B-FX, Class C-FL,
Class C-FX, Class D-FL, Class D-FX, Class E-FL, Class E-FX, Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL, Class
H-FX and Class HRR Certificates.


 


“Regular
Principal Distribution Amount”: For each Distribution Date and any Class of Fixed Rate Certificates or Floating Rate
Certificates, an amount equal to the portion of the Series Principal Distribution Amount with respect to the related Series that
would be


 






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allocated to such Class of Certificates in such Series if distributed to the Certificateholders in Sequential Order to
reduce the outstanding Certificate Balance of each Class of Certificates in such Series to zero.


 


“Regulation
AB”: Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125, as such
may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission
or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case as effective
from time to time as of the compliance dates specified therein. Each of the parties hereto acknowledge that the Regulation AB
provisions herein shall be construed as if the Certificates were publicly registered and reporting were required at all times.


 


“Regulation
S”: Regulation S under the Act.


 


“Regulation
S Global Certificate”: As defined in Section 5.2(a).


 


“Related
Certificates” and “Related Uncertificated Lower-Tier Interests”: For the following Classes of Uncertificated
Lower-Tier Interests, the related Class of Certificates set forth below and for the following Classes of Certificates, the related
Class of Uncertificated Lower-Tier Interests set forth below:


 


	Related
Certificates
	Related
Uncertificated Lower-Tier Interests

	Class
    A-FL Certificates	Class
    LA-FL Uncertificated Interest
	Class
    A-FX Certificates	Class
    LA-FX Uncertificated Interest
	Class
    B-FL Certificates	Class
    LB-FL Uncertificated Interest
	Class
    B-FX Certificates	Class
    LB-FX Uncertificated Interest
	Class
    C-FL Certificates	Class
    LC-FL Uncertificated Interests
	Class
    C-FX Certificates	Class
    LC-FX Uncertificated Interest
	Class
    D-FL Certificates	Class
    LD-FL Uncertificated Interest
	Class
    D-FX Certificates	Class
    LD-FX Uncertificated Interest
	Class
    E-FL Certificates	Class
    LE-FL Uncertificated Interest
	Class
    E-FX Certificates	Class
    LE-FX Uncertificated Interest
	Class
    F-FL Certificates	Class
    LF-FL Uncertificated Interest
	Class
    F-FX Certificates	Class
    LF-FX Uncertificated Interest



 






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	Related
    Certificates	Related
    Uncertificated Lower-Tier Interests
	Class
    G-FL Certificates	Class
    LG-FL Uncertificated Interest
	Class
    G-FX Certificates	Class
    LG-FX Uncertificated Interest
	Class
    H-FL Certificates	Class
    LH-FL Uncertificated Interest
	Class
    H-FX Certificates	Class
    LH-FX Uncertificated Interest
	Class
    HRR (FL Component)	Class
    LHRR-FL Uncertificated Interest
	Class
    HRR (FX Component)	Class
    LHRR-FX Uncertificated Interest


 


“Related
Component”: means (i) with respect to the Series FL Certificates, each of the Floating Rate Components with the same
alphabetical description, and (ii) with respect to the Series FX Certificates, each of the Components of the Fixed Rate Trust
Loan with the same alphabetical description.


 


“Release
Amount”: As defined in the Mortgage Loan Agreement.


 


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


 


“REMIC”:
A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.


 


“REMIC
Provisions”: Provisions of the Code relating to “real estate mortgage investment conduits,” including Sections
860A through 860G of the Code and any related regulations or announcements promulgated thereunder by the U.S. Department of the
Treasury.


 


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


 


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


 


“REO
Management Fee”: As to any Property when it is a Foreclosed Property, a fee payable out of such Foreclosed Property
Account to the Successor Manager for managing such Property while it is owned by the Trust Fund, which shall be reasonable and
customary in the market in which such Property is located.


 


“Reporting
Servicer”: As defined in Section 13.8.


 






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“Repurchase
Communication”: For purposes of Section 2.2(d) only, any communication, whether oral or written, which need not
be in any specific form.


 


“Repurchase
Price”: An amount (without duplication) equal to the sum of (i) the unpaid principal balance of the Trust Loan (or,
in the case of a repurchase of a portion of the Trust Loan relating to any Property, the Allocated Mortgage Loan Amount of the
related Property), (ii) accrued and unpaid interest on the Trust Loan at the weighted average of the Component Rates (exclusive
of the Default Rate) to and including the last day of the related Mortgage Loan Interest Accrual Period in which the repurchase
is to occur (or, in the case of a repurchase of a portion of the Trust Loan, an amount equal to the aggregate accrued and unpaid
interest at the weighted average of the Component Rates (exclusive of the Default Rate) on the portion(s) of the amount in clause
(i) being reduced from the principal balance of the Trust Loan as a result of the application of release of cross-collateralization
provisions), (iii) unreimbursed Property Protection Advances and Administrative Advances together with interest on such Advances
allocable to the Trust Loan pursuant to the Co-Lender Agreement, (iv) an amount equal to all interest on outstanding Monthly Payment
Advances, (v) any unpaid Trust Fund Expenses allocable to the Trust Loan pursuant to the Co-Lender Agreement and (vi) any other
out-of-pocket expenses reasonably incurred or expected to be incurred by the Servicer, Special Servicer, Certificate Administrator,
Trustee or Operating Advisor arising out of the enforcement of the repurchase obligation, (or in the case of a repurchase of a
portion of the Trust Loan, the sum of (1) any unreimbursed Administrative Advances and Property Protection Advances reasonably
attributable to the related Property or Foreclosed Property together with interest on such Advances and (2) an amount equal to
the product of (x) the Partial Repurchase Fraction multiplied by (y) any unreimbursed Administrative Advances and Property Protection
Advances not reasonably attributable specifically in respect of any particular Property or Foreclosed Property together with interest
on such Advances (in each case, allocable to such Trust Note pursuant to the Co-Lender Agreement), (iv) an amount equal to all
interest on outstanding Monthly Payment Advances (allocable to such Trust Note pursuant to the Co-Lender Agreement) (or in the
case of a repurchase of a portion of the Trust Loan, an amount equal to the Partial Repurchase Fraction multiplied by the aggregate
amount of interest on outstanding Monthly Payment Advances), (v) any unpaid Trust Fund Expenses (allocable to such Trust Note
pursuant to the Co-Lender Agreement) (or in the case of a repurchase of a portion of the Trust Loan, the sum of (1) any unpaid
Trust Fund Expenses reasonably attributable to the related Property or Foreclosed Property plus (2) an amount equal to the product
of (x) the Partial Repurchase Fraction multiplied by (y) any unpaid Trust Fund Expenses not reasonably attributable to any particular
Property or Foreclosed Property) and (vi) any other out-of-pocket expenses reasonably incurred or expected to be incurred by the
Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor arising out of the enforcement
of the repurchase obligation (allocable to such Trust Note pursuant to the Co-Lender Agreement). No Liquidation Fee shall be payable
by the Trust Loan Seller in connection with a repurchase of the Trust Loan (or an allocable portion of the Trust Loan) due to
a Material Breach or a Material Document Defect pursuant to the Trust Loan Purchase Agreement, so long as such repurchase occurs
within the ninety (90) day time period required by the Trust Loan Purchase Agreement for the Trust Loan Seller to cure or repurchase
the Trust Loan or a portion of the Trust Loan, respectively (including any applicable extended cure periods).


 






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“Repurchase
Request”: With respect to the Trust Loan, any request or demand whether oral or written that the Trust Loan be repurchased
or replaced, whether arising from a Material Breach or Material Document Defect or other breach of a representation or warranty.


 


“Repurchase
Request Recipient”: As defined in Section 2.2(d).


 


“Repurchase
Request Withdrawal”: As defined in Section 2.2(d).


 


“Repurchasing
Seller”: As defined in Section 3.30(a).


 


“Requesting
Holders”: As defined in Section 3.7(e).


 


“Requesting
Party”: As defined in Section 3.27.


 


“Required
Advance Amount”: With respect to any Distribution Date, an amount equal to (a) the amount of the Monthly Payment Advance
with respect to the Trust Loan (taking into account any Trust Appraisal Reduction Amount as of such Distribution Date) that would
be required to be made on the related Remittance Date by the Servicer had the Borrowers not made any portion of the Monthly Payment
(or an Assumed Monthly Payment) for the related Payment Date (or an assumed Payment Date) less (b) the aggregate compensation
payable on such Remittance Date to the Servicer in respect of the Servicing Fee, to the Certificate Administrator in respect of
the Certificate Administrator Fee (including the portion that is the Trustee Fee), to the Operating Advisor in respect of the
Operating Advisor Fee and to CREFC® in respect of the CREFC® Intellectual Property Royalty
License Fee.


 


“Required
Third Party Purchaser Retention Amount”: The entire Certificate Balances of the Risk Retention Certificates.


 


“Reserve
Account”: Any reserve account required to be maintained under the Mortgage Loan Agreement.


 


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


 


“Responsible
Officer”: When used with respect to (i) the Trustee, any officer of the Corporate Trust Office of the Trustee with direct
responsibility for the administration of this Agreement and also, with respect to a particular matter, any other officer to whom
such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, and (ii) the
Certificate Administrator, any officer assigned to the Corporate Trust Services group, with direct responsibility for the administration
of this Agreement and also, with respect to a particular matter, any other officer to whom a particular matter is referred by
the Certificate Administrator because of such officer’s knowledge of and familiarity with the particular subject, and in
the case of any certification or other document required to be signed by a Responsible Officer, an authorized signatory whose
name and specimen signature appears on a list furnished to the Servicer or the Special Servicer, as applicable, by the Trustee
or the Certificate Administrator, as applicable, as such list may from time to time be amended.


 


“Restricted
Loan Party”: As defined in the Mortgage Loan Agreement.


 






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“Restricted
Party”: As defined in the definition of Privileged Information Exception.


 


“Restricted
Period”: As defined in Section 5.2(a).


 


“Retained
Interest Amount”: As defined in Section 2.1(a).


 


“Retaining
Sponsor”: JPMCB.


 


“Risk
Retention Affiliate” or “Risk Retention Affiliated”: As “affiliate” or “affiliated”
are defined in Section 244.2 of the Credit Risk Retention Rules.


 


“Risk
Retention Agreement”: The Third Party Purchaser Agreement, made and entered into in July 18, 2018, by and among the
Depositor, JPMCB and the Third Party Purchaser.


 


“Risk
Retention Certificates”: The Class HRR Certificates.


 


“Risk
Retention Period”: The period from the Closing Date until the date that is the earliest of the latest of (A) the date
on which the total unpaid principal balance of the Trust Loan has been reduced to 33% of the principal balance of the Trust Loan
as of the Closing Date; (B) the date on which the total outstanding Certificate Balance of the Certificates has been reduced to
33% of the total outstanding Certificate Balance of the Certificates as of the Closing Date; and (C) two years after the Closing
Date; or (iii) subject to the consent of the Retaining Sponsor (which consent shall not be unreasonably withheld), the date on
which the Credit Risk Retention Rules have been officially repealed or abolished in their entirety or officially determined by
the relevant regulatory agencies to be no longer applicable to the transaction or the Risk Retention Certificates.


 


“Rule
15Ga-1”: Rule 15Ga-1 under the Exchange Act.


 


“Rule
15Ga-1 Notice”: As defined in Section 2.2(d).


 


“Rule
17g-5”: Rule 17g-5 under the Exchange Act.


 


“Rule
144A”: As defined in Section 5.2(b).


 


“Rule
144A Global Certificate”: As defined in Section 5.2(b).


 


“Rule
144A Information”: As defined in Section 3.21(c).


 


“Rule
144A Information Recipients”: As defined in Section 3.21(c).


 


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


 






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


 


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


 


“Sarbanes-Oxley
Certification”: With respect to an Other Securitization Trust, the certification required to be filed together with
such Other Securitization Trust’s Exchange Act report on Form 10-K pursuant to Rule 13a-14 and Rule 15d-14 of the Exchange
Act.


 


“Scheduled
Maturity Date”: (a) With respect to the Floating Rate Loan, the Payment Date occurring in July 1, 2020; and (b) with
respect to the Fixed Rate Trust Loan, the Payment Date occurring in July 1, 2023.


 


“Securitization
Cooperation Provisions”: The provisions set forth in Sections 9.1 and 9.2 of the Mortgage Loan Agreement (which sections
provide for, among other things, indemnifications by the Borrower for certain information contained in the Offering Circular).


 


“Securitization
Indemnification Agreements”: (i) The indemnification agreement, dated as of July 16, 2018, among the Depositor, the
Initial Purchasers, the Trust Loan Seller and the Borrowers, (ii) the indemnification agreement, dated as of July 27, 2018, among
the Depositor, the Initial Purchasers, the Trust Loan Seller and the Borrowers, and (iii) the indemnification agreement, dated
as of July 31, 2018, among the Depositor, the Initial Purchasers, the Trust Loan Seller and the Borrowers.


 


“Senior
Fixed Rate Trust Loan”: The portion of the Fixed Rate Trust Loan evidenced collectively by Component A-FX, and Component
B-FX.


 


“Sequential
Order”: (i) With respect to distributions in respect of principal of the Principal Balance Certificates of any Series
on any Distribution Date, sequentially to the Class A, Class B, Class C, Class D, Class E, Class F, Class G, Class H and Class
HRR Certificates of such Series, in that order; and, such distributions will be made until the Certificate Balance of each such
Class is reduced to zero and (ii) with respect to distributions in respect of interest on the Regular Certificates on any Distribution
Date, the Class A and Class X Certificates, on a pro rata basis, and then sequentially to the Class B, Class C, Class D,
Class E, Class F, Class G, Class H and Class HRR Certificates, in that order until the interest to which each such Class is entitled
is paid in full.


 


“Series
FL Certificates”: The Class A-FL, Class X-FL, Class B-FL, Class C-FL, Class D-FL, Class E-FL, Class F-FL, Class G-FL,
Class H-FL Certificates and the Class HRR (FL Component).


 


“Series
FX Certificates”: The Class A-FX, Class XA-FX, Class XB-FX, Class B-FX, Class C-FX, Class D-FX, Class E-FX, Class F-FX,
Class G-FX, Class H-FX Certificates and the Class HRR (FX Component).


 


 






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“Series
Principal Distribution Amount”: For each Distribution Date and either of the Series FL Certificates and the Series FX
Certificates will equal all amounts collected or advanced in respect of principal during the related Collection Period with respect
to the Trust Loan that would be allocated to the Related Component for such Series under the Mortgage Loan Documents and the Co-Lender
Agreement (which allocation will follow the Principal Allocation Order).


 


“Servicer”:
KeyBank National Association, a national banking association, in its capacity as servicer, or its successor in interest, or if
any successor servicer is appointed as herein provided, such successor servicer.


 


“Servicer
Customary Expense”: As defined in Section 3.17.


 


“Servicer
Investment Personnel”: As defined in Section 6.5(a).


 


“Servicer
Servicing Personnel”: As defined in Section 6.5(a).


 


“Servicer
Termination Event”: As defined in Section 7.1(a).


 


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


 


“Servicing
Criteria”: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB as such may be amended from time to
time and which as of the Closing Date are listed on Exhibit L hereto.


 


“Servicing
Fee”: With respect to the Trust Loan, each Companion Loan and any Foreclosed Property, a fee payable monthly to the
Servicer pursuant to Section 3.17, that will accrue at the Servicing Fee Rate, computed on the basis of the same principal
amount, on the same interest accrual basis, and for the same Mortgage Loan Interest Accrual Period respecting which any related
interest payment on the Trust Loan or such Companion Loan, as the case may be, is (or would have been) computed. For the avoidance
of doubt, the Servicing Fee with respect to the Trust Loan shall be deemed payable from the Lower-Tier REMIC.


 


“Servicing
Fee Rate”: 0.00250% per annum with respect to the Trust Loan and 0.00125 % per annum with respect to the
Companion Loans.


 


“Servicing
Function Participant”: Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Trustee,
the Certificate Administrator, the Operating Advisor, the Servicer and the Special Servicer, that is performing activities that
address the Applicable Servicing Criteria as of any date of determination.


 






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“Servicing
Officer”: Any officer of the Servicer or the Special Servicer involved in, or responsible for, the administration and
servicing of the Mortgage Loan whose name and specimen signature appear on a list of servicing officers furnished to the Trustee
and the Certificate Administrator on the Closing Date by the Servicer or the Special Servicer, as applicable, in the form of an
Officer’s Certificate, as such list may from time to time be amended.


 


“Significant
Obligor NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth calendar quarter
of any calendar year), the date that is fifteen (15) days after the Relevant Distribution Date occurring on or immediately following
the date on which financial statements for such calendar quarter are required to be delivered to the related lender under the
Mortgage Loan Documents. The parties to this Agreement acknowledge that that in the event a Property securing a Companion Loan
is a “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) with respect to an Other Securitization
Trust that includes such Companion Loan, the date on which quarterly financial statements are required to be delivered to the
related lender under the Mortgage Loan Documents is, with respect to net operating income information, forty-five (45) days following
the end of each fiscal quarter, subject to the terms of the Mortgage Loan Agreement.


 


“Significant
Obligor NOI Yearly Filing Deadline”: With respect to each calendar year, the date that is the 90th day after the end
of such calendar year.


 


“Similar
Law”: As defined in Section 5.3(m).


 


“Special
Notice”: As defined in Section 5.6.


 


“Special
Servicer”: KeyBank, or if any successor special servicer is appointed as herein provided, such successor special servicer.


 


“Special
Servicer Customary Expense”: As defined in Section 3.17.


 


“Special
Servicer Investment Personnel”: As defined in Section 6.5(b).


 


“Special
Servicer Servicing Personnel”: As defined in Section 6.5(b).


 


“Special
Servicer Termination Event”: As defined in Section 7.1(a).


 


“Special
Servicing Fee”: If the Mortgage Loan becomes a Specially-Serviced Mortgage Loan, a fee payable monthly to the Special
Servicer equal to an amount computed on the basis of the same principal amount and for the same period respecting which any related
interest payment on the Specially-Serviced Mortgage Loan is computed, at a rate of 0.25% per annum until the Special Servicing
Loan Event with respect to the Specially-Serviced Mortgage Loan no longer exists. Such fee shall be in addition to, and not in
lieu of, any other fee or other sum payable to the Special Servicer under this Agreement. For the avoidance of doubt, the Special
Servicing Fee shall be deemed payable from the Lower-Tier REMIC.


 


“Special
Servicing Loan Event”: With respect to the Trust Loan or the Mortgage Loan, (i) the Borrowers have not made two consecutive
Monthly Payments (and have not cured


 






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at least one such delinquency by the next Payment Date under the Mortgage Loan Documents)
in respect of the Mortgage Loan; (ii) the Servicer and/or the Trustee have made two consecutive Monthly Payment Advances with
respect to the Trust Loan or the Mortgage Loan (regardless of whether such Monthly Payment Advances have been reimbursed); (iii)
the Borrowers fail to make each entire Balloon Payment when due, and the Borrowers have not delivered to the Servicer, on or before
the due date of such Balloon Payment, a fully executed term sheet or written refinancing commitment or a signed purchase and sale
agreement in a manner consistent with CMBS market practices and that is satisfactory in form and substance to the Servicer from
an acceptable lender or purchaser that provides that such refinancing or sale will occur within 120 days after the date on which
such Balloon Payment will become due (provided that a Special Servicing Loan Event will occur if either (x) such refinancing
or sale does not occur before the expiration of the time period for refinancing specified in such documentation or (y) the Servicer
is required to make a Monthly Payment Advance at any time prior to such refinancing or sale); (iv) the Servicer and/or Special
Servicer has received notice that any Borrower has become the subject as debtor of any bankruptcy, insolvency or similar proceeding,
admitted in writing the inability to pay its debts as they come due or made an assignment for the benefit of creditors; (v) the
Servicer and/or Special Servicer has received notice of a foreclosure or threatened foreclosure of any lien on any Properties;
(vi) a Borrower has expressed in writing to the Servicer or the Special Servicer an inability to pay the amounts owed under the
Mortgage Loan in a timely manner; (vii) in the judgment of the Servicer (consistent with Accepted Servicing Practices), a default
in the payment of principal or interest under the Mortgage Loan is reasonably foreseeable; or (viii) a default under the Mortgage
Loan of which the Servicer has notice (other than a failure by the Borrowers to pay principal or interest) and that materially
and adversely affects the interests of the Certificateholders or the Companion Loan Holders has occurred and remains unremedied
for the applicable grace period specified in the Mortgage Loan Documents (or, if no grace period is specified, 60 days); provided,
that a Special Servicing Loan Event shall cease (a) with respect to the circumstances described in clauses (i), (ii)
and (iii) above, when the Borrowers have brought the Mortgage Loan current and with respect to clauses (i) and
(ii), thereafter made three consecutive full and timely Monthly Payments on the Mortgage Loan, and, in the case of any
of clauses (i), (ii) or (iii) above, including pursuant to the workout of the Mortgage Loan, or (b) with
respect to the circumstances described in clauses (iv), (v), (vi), (vii) and (viii) above,
when such circumstances cease to exist in the judgment of the Servicer or the Special Servicer (consistent with Accepted Servicing
Practices); provided, in any case, that at that time no other circumstance exists (as described above) that would constitute
a Special Servicing Loan Event.


 


“Specially-Serviced
Mortgage Loan”: The Mortgage Loan during the occurrence of a Special Servicing Loan Event.


 


“Spread”:
With respect to each Component, as set forth in the table below; provided that the Spread for each Component of the Floating
Rate Loan will increase by 0.25% upon the commencement of the second Floating Rate Loan Extension Term.


 






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	Component
	Spread(1)/Interest
Rate

	Component
    A-FL	2.045775313%
	Component
    B-FL	2.345775313%
	Component
    C-FL	2.745775313%
	Component
    D-FL	3.345775313%
	Component
    E-FL	2.608500000%
	Component
    F-FL	2.908500000%
	Component
    G-FL	3.408500000%
	Component
    H-FL	5.658500000%
	Component
    HRR-FL	9.008500000%
	Component
    A-FX	5.3720%
	Component
    A-FX-C	5.3720%
	Component
    B-FX	5.3720%
	Component
    B-FX-C	5.3720%
	Component
    C-FX	5.3720%
	Component
    D-FX	5.3720%
	Component
    E-FX	5.3720%
	Component
    F-FX	5.3720%
	Component
    G-FX	5.3720%
	Component
    H-FX	5.3720%
	Component
    HRR-FX	5.3720%


 


“Spread
Maintenance Payment”: As defined in the Mortgage Loan Agreement.


 


“Startup
Day”: As defined in Section 12.1(c).


 


“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly
understood by participants in the mortgage-backed securities industry) of the Mortgage Loan but performs one or more discrete
functions identified in Item 1122(d) of Regulation AB with respect to the Mortgage Loan under the direction or authority of the
Servicer (or a Sub-Servicer of the Servicer), the Special Servicer or an Additional Servicer (or a Sub-Servicer of an Additional
Servicer).


 


“Subordinate
Fixed Rate Trust Loan”: The portion of the Fixed Rate Trust Loan evidenced collectively by Component C-FX, Component
D-FX, Component E-FX, Component F-FX, Component G-FX, Component H-FX and Component HRR-FX.


 


“Subsequent
Asset Status Report”: As defined in Section 3.10(i).


 


“Sub-Servicer”:
Any Person that (i) Services the Mortgage Loan on behalf of the Servicer or any Sub-Servicer and (ii) is responsible for the performance
(whether directly or through Sub-Servicers or Subcontractors) of a substantial portion of the servicing functions required to
be performed by the Servicer, Servicing Function Participant or an Additional Servicer, under this Agreement, with respect to
the Mortgage Loan, that are identified in Item 1122(d) of Regulation AB.


  






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“Successful
Bidder”: As defined in Section 7.2(b).


 


“Successor
Manager”: Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trust, to serve
as manager of a Foreclosed Property, which designation, as evidenced by a Rating Agency Confirmation from each Rating Agency,
will not result in the downgrade, withdrawal or qualification of the ratings assigned to the Certificates or any Companion Loan
Securities by such Rating Agency.


 


“Tax
Matters Person”: The Person designated as the “tax matters person” of the Upper-Tier REMIC and the Lower-Tier
REMIC, pursuant to Treasury Regulations Section 1.860F-4(d).


 


“Temporary
Regulation S Global Certificate”: As defined in Section 5.2(a).


 


“Terminated
Party”: As defined in Section 7.1(g).


 


“Terminating
Party”: As defined in Section 7.1(g).


 


“Third
Party Purchaser”: CRE Fund Investments LLC, or any Person that purchases the Certificates comprising the Required Third
Party Purchaser Retention Amount in accordance with this Agreement and applicable laws and regulations.


 


“Third
Party Purchaser Safekeeping Account”: An account maintained by the Certificate Administrator, which account shall be
established at the direction of the Retaining Sponsor for the benefit of the Holders of the Risk Retention Certificates.


 


“Transferee
Affidavit”: As defined in Section 5.3(n)(ii).


 


“Transferor
Letter”: As defined in Section 5.3(n)(ii).


 


“Trust”:
The trust created hereby and to be administered hereunder. The Trust shall be named “J.P. Morgan Chase Commercial Mortgage
Securities Trust 2018-WPT”.


 


“Trust
Fund”: The corpus of the Trust created by this Agreement, consisting of (i) the Trust Loan, including the Trust Notes
together with the Mortgage File (exclusive of the original Companion Loan Notes) relating thereto (other than the rights of the
Lender under the Securitization Cooperation Provisions, which rights shall be retained by the Trust Loan Seller and shall not
be assigned to the Trustee under this Agreement); (ii) all scheduled and Unscheduled Payments on or collections in respect of
the Trust Notes; (iii) any Foreclosed Property (but only to the extent of the Trust’s interest in such Foreclosed Property);
(iv) all revenues received in respect of any Foreclosed Property (but only to the extent of the Trust’s interest in such
Foreclosed Property); (v) the Servicer’s, Special Servicer’s and the Trustee’s rights under the insurance policies
with respect to any Property required to be maintained pursuant to this Agreement and any proceeds thereof (but only to the extent
of the Trust’s interest therein); (vi) any indemnities or guaranties given as additional security for the Trust Notes (but
only to the extent of the Trust’s interest therein); (vii) all funds deposited in the Collection Account (but only to the
extent of the Trust’s interest therein), the Interest Reserve Account and the Distribution Account, including reinvestment
income thereon (except as


 






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otherwise provided herein); (viii) any environmental indemnity agreements relating to the Properties
(but only to the extent of the Trust’s interest therein); (ix) the rights and remedies of the Depositor under the Trust
Loan Purchase Agreement; (x) the security interest in the Reserve Accounts granted pursuant to Section 2.1 (but only to
the extent of the Trust’s interest therein); (xi) all other assets included or to be included in the Lower-Tier REMIC for
the benefit of the Upper-Tier REMIC; (xii) the Uncertificated Lower-Tier Interests; and (xiii) the proceeds of any of the foregoing.


 


“Trust
Fund Expenses”: Any unanticipated and certain other default related expenses incurred by the Trust (including, without
limitation, all interest on Advances and any other unanticipated expenses of the Trust reimbursable or payable by the Borrowers
or Guarantor under the Mortgage Loan Documents to the extent not reimbursed by the Borrowers or deemed a Nonrecoverable Advance)
and all other amounts (such as indemnification payments, Special Servicing Fees, Work-out Fees, Liquidation Fees and Operating
Advisor Fees), in each case, permitted to be retained, reimbursed or withdrawn and remitted by, or to, as applicable, the Servicer,
the Special Servicer, the Operating Advisor or the Certificate Administrator (on behalf of itself or the Trustee), as applicable,
from the Collection Account or the Distribution Account pursuant to this Agreement.


 


“Trust
Loan”: As defined in the Introductory Statement.


 


“Trust
Loan Purchase Agreement”: The Trust Loan Purchase and Sale Agreement dated as of the Closing Date, between the Trust
Loan Seller and the Depositor.


 


“Trust
Loan Seller”: As defined in the Introductory Statement.


 


“Trust
Notes”: As defined in the Introductory Statement.


 


“Trust
REMIC”: The Upper-Tier REMIC or the Lower-Tier REMIC, individually or collectively, as the context may require.


 


“Trustee”:
Wells Fargo Bank, National Association, in its capacity as trustee, if any successor thereto is appointed as herein provided,
such successor.


 


“Trustee
Fee”: The portion of the Certificate Administrator Fee payable monthly by the Certificate Administrator to the Trustee
pursuant to Section 8.5 which will accrue at the Trustee Fee Rate.


 


“Trustee
Fee Rate”: As described in the definition of “Certificate Administrator Fee Rate”.


 


“Uncertificated
Lower-Tier Interests”: Any of the Class LA-FL, Class LA-FX, Class LB-FL, Class LB-FX, Class LC-FL, Class LC-FX, Class
LD-FL, Class LD-FX, Class LE-FL, Class LE-FX, Class LF-FL, Class LF-FX, Class LG-FL, Class LG-FX, Class LH-FL, Class LH-FX, Class
LHRR-FX and Class LHRR-FL Uncertificated Interests.


 


“Uninsured
Cause”: Any cause of damage to property of the Borrowers subject to the Mortgages such that the complete restoration
of such property is not fully reimbursable (but


 






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without regard to any applicable deductible provisions) by any insurance policy
required to be maintained with respect thereto pursuant to the terms of the Mortgage Loan Documents or this Agreement.


 


“Unscheduled
Payments”: With respect to any Distribution Date, all payments and collections received with respect to the Mortgage
Loan or upon foreclosure or liquidation of any related Properties (net of related foreclosure expenses and Liquidation Expenses)
during the related Collection Period including, but not limited to, prepayments due to acceleration of the Mortgage Loan, Net
Liquidation Proceeds, Net Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments
and other payments and collections on such Mortgage Loan not scheduled to be received, other than Monthly Payments or the Balloon
Payment.


 


“Upper-Tier
Distribution Account”: A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier
REMIC.


 


“Upper-Tier
REMIC”: One of the two separate REMICs comprising the Trust Fund, the assets of which consist of the Uncertificated
Lower-Tier Interests and such amounts as shall from time to time be held in the Upper-Tier Distribution Account.


 


“U.S.
Person”: A Person that is (i) a citizen or resident alien of the United States, (ii) a corporation, partnership (except
to the extent provided in applicable Treasury regulations) or other entity created or organized in or under the laws of the United
States, any State of the United States or the District of Columbia, including any entity treated as a corporation or partnership
for federal income tax purposes, (iii) an estate that is subject to United States federal income tax regardless of the source
of its income, (iv) a trust if a court within the United States is able to exercise primary supervision over the administration
of such trust, and one or more such U.S. Persons have the authority to control all substantial decisions of such trust (or, to
the extent provided in applicable Treasury regulations, certain trusts in existence on August 20, 1996 that have elected to be
treated as a U.S. Person) or (v) any other Person that is disregarded as separate from its ownership for U.S. federal income tax
purposes and whose owner is described in clauses (i) through (iv) above.


 


“U.S.
Securities Person”: A “U.S. person” as defined in Rule 902(k) of Regulation S.


 


“Voting
Rights”: The portion of the voting rights of all of the Certificates that is allocated to any Certificate or Class of
Certificates. At any time that any Certificates are outstanding, the Voting Rights shall be allocated among the respective Classes
of Certificateholders as follows: (1) (x) except as described in clause (y) of this clause (1), 4% in the aggregate
to the Class X Certificates (for so long as the Notional Amount of such Classes has not been reduced to zero allocated to such
Classes pro rata based on their respective Notional Amounts and (y) 0% to the Class X Certificates in the case of votes
pertaining to terminating and replacing the Special Servicer, as described in Section 7.1 and (2) in the case of any other
Class of Regular Certificates, a percentage equal to the product of (x) the percentage of Voting Rights remaining after allocations
in clause (1) above, and (y) a percentage equal to the aggregate Certificate Balance (and in connection with certain votes
described in this Agreement, taking


 






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into account any notional reduction in the Certificate Balance for Trust Appraisal Reduction
Amounts (other than deemed Trust Appraisal Reduction Amounts) allocated to the Certificates) of the Class, in each case, determined
as of the prior Distribution Date, divided by the aggregate Certificate Balance (and in connection with certain votes under this
Agreement, taking into account any notional reduction in the Certificate Balance for Trust Appraisal Reduction Amounts allocated
to the Certificates) of all Classes of Certificates (other than the Class R Certificates), each determined as of the prior Distribution
Date. The Class R Certificates shall not be entitled to any Voting Rights.


 


“Wells
Fargo Bank”: Wells Fargo Bank, National Association, a national banking association, and its successors-in-interest.


 


“Withheld
Amounts”: As defined in Section 3.4(e).


 


“Work-out
Fee”: A fee payable to the Special Servicer pursuant to Section 3.17 equal to 0.50% of each payment of principal
and interest (other than Default Interest) made on the Mortgage Loan following the execution of a written agreement with the applicable
Borrowers negotiated by the Special Servicer, if a Special Servicing Loan Event is terminated following resolution of such Special
Servicing Loan Event by such agreement for so long as another Special Servicing Loan Event does not occur; provided that
any such Work-out Fee shall be reduced by any Net Modification Fees paid by the Borrowers with respect to the Mortgage Loan that
were received and retained by the Special Servicer, but only to the extent those Net Modification Fees have not previously been
deducted from a Work-out Fee or Liquidation Fee (each amount of the Work-out Fee will be reduced to an amount (but not to an amount
less than zero) until the aggregate amount of such reductions equals such Net Modification Fees).


 


“Yield
Maintenance Default Premium”: As defined in the Mortgage Loan Agreement.


 


“Yield
Maintenance Premium”: As defined in the Mortgage Loan Agreement.


 


1.2.       Interpretation.
(a) Whenever this Agreement refers to a Distribution Date and a “related” Collection Period, Mortgage Loan
Interest Accrual Period, Certificate Interest Accrual Period or Payment Date, such reference shall be to the Collection
Period, Mortgage Loan Interest Accrual Period, Certificate Interest Accrual Period or Payment Date, as applicable, occurring
immediately preceding or most recently ended prior to, as applicable, such Distribution Date.


 


(b)       Whenever
this Agreement refers to a Distribution Date and an “applicable” Pass-Through Rate, such reference shall be to the
Pass-Through Rate for the applicable Class for the related Certificate Interest Accrual Period.


 


(c)       The
words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Exhibit references
contained in this Agreement are references to Sections and Exhibits in or to this Agreement unless otherwise specified.


 






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(d)       Calculations
of interest on the Series FX Certificates shall be computed (or in the case of the Class XA-FX and Class XB-FX Certificates, expressed)
on the basis of a 360-day year consisting of twelve 30-day months. Calculation of interest on the Series FL Certificates shall
be computed (or in the case of the Class X-FL Certificates, expressed) on the basis of the actual number of days elapsed in the
related Certificate Interest Accrual Period and a 360-day year.


 


1.3.       Certain
Calculations in Respect of the Trust Loan or the Mortgage Loan. (a) All amounts collected by or on behalf of the Trust in
respect of the Mortgage Loan in the form of payments from or on behalf of the Loan Parties, Liquidation Proceeds,
Condemnation Proceeds or Insurance Proceeds (other than amounts related to clause (b) of the definition thereof
required to be applied to the restoration, preservation or repair of the Properties or to be released to the Borrowers in
accordance with the Loan Documents) shall be applied to amounts due and owing under the Mortgage Loan Documents and the
Co-Lender Agreement (including for principal and accrued and unpaid interest) in accordance with the express provisions of
the Mortgage Loan Documents and the Co-Lender Agreement; provided, however, in the absence of such express
provisions or if and to the extent that such terms authorize the mortgagee to use its discretion and in any event for
purposes of calculating distributions hereunder after a Mortgage Loan Event of Default, all such amounts collected that are
not required to be distributed to the Companion Loan Holders pursuant to the Co-Lender Agreement shall be deemed to be
applied in the following order of priority: first, as a recovery of any unreimbursed Advances plus interest accrued
thereon at the Advance Rate and, if applicable, unpaid Liquidation Expenses and unreimbursed Trust Fund Expenses; second,
as a recovery of Nonrecoverable Advances or interest thereon to the extent previously reimbursed from principal collections
with respect to the Mortgage Loan or the Trust Loan, as applicable; third, as a recovery of accrued and unpaid
interest on the Trust Loan which interest has not been the subject of a Monthly Payment Advance, to the extent of the excess
of (i) accrued and unpaid interest on each outstanding Component at the applicable Component Rate (without giving effect to
any increase in such Component Rate required under the Mortgage Loan Agreement as a result of a Mortgage Loan Event of
Default) through and including the end of the Mortgage Loan Interest Accrual Period, over (ii) the cumulative amount of the
reductions (if any) in the amount of the interest portion of the related Monthly Payment Advances for the Trust Loan that
have theretofore occurred under Section 3.23(a) in connection with Trust Appraisal Reduction Amounts (to the extent
that collections have not been applied as a recovery of accrued and unpaid interest pursuant to clause fifth below on
earlier dates) (such accrued and unpaid interest to be applied sequentially to accrued and unpaid interest on the Senior
Fixed Rate Trust Loan and the Subordinate Fixed Rate Trust Loan, in that order); fourth, as a recovery of principal of
the Trust Loan, including by reason of acceleration of the Mortgage Loan following a Mortgage Loan Event of Default (or, if
the Trust Loan has been liquidated, as a recovery of principal to the extent of its entire unpaid principal balance) to be
allocated among the Components in accordance with the Co-Lender Agreement; fifth, as a recovery of accrued and unpaid
interest on the Trust Loan to the extent of the cumulative amount of the reductions (if any) in the amount of the interest
portion of the related Monthly Payment Advances for the Trust Loan that have theretofore occurred under Section
3.23(a) in connection with Trust Appraisal Reduction Amounts (to the extent that collections have not been applied as
recovery of accrued and unpaid interest pursuant to this clause fifth on earlier dates) (such accrued and unpaid
interest to be applied in accordance with the Co-Lender Agreement); sixth, as a recovery of amounts to be
currently applied to the


 






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payment of, or escrowed for the future payment of, real estate taxes, assessments and insurance
premiums and similar items; seventh, as a recovery of any other reserves to the extent then required to be held in
escrow; eighth, as a recovery of any Prepayment Charges then due and owing under the Trust Loan; ninth, as a
recovery of any assumption fees and Modification Fees then due and owing under the Mortgage Loan; tenth, as a recovery
of any Default Interest or late charges then due and owing under the Trust Loan; eleventh, as a recovery of any other
amounts then due and owing under the Trust Loan other than unpaid principal (if both consent fees and Operating Advisor
Consulting Fees are due and owing, first, allocated to consent fees and then, allocated to Operating Advisor Consulting
Fees); and twelfth, as a recovery of any remaining principal of the Trust Loan to the extent of its remaining unpaid
principal balance; provided that, to the extent required under the REMIC Provisions of the Code, payments or proceeds
received with respect to the release of all or any portion of a Property (including following a condemnation) from the lien
of the applicable Mortgage and Mortgage Loan Documents must be allocated to reduce the principal balance of the Mortgage Loan
in the manner permitted by such REMIC Provisions if, immediately following such release, the loan-to value ratio of the
Mortgage Loan exceeds 125% (based solely on real property and excluding any personal property and going concern value); provided
further that, to the extent the terms of the Co-Lender Agreement and the above allocations conflict, the terms of the
Co-Lender Agreement shall control.


 


(b)       Collections
by or on behalf of the Trust in respect of Foreclosed Property (exclusive of amounts to be applied to the payment of the costs
of operating, managing, leasing, maintaining and disposing of such Foreclosed Property) that are not required to be distributed
to Companion Loan Holders pursuant to the Co-Lender Agreement shall be deemed to be applied in the following order of priority:
first, as a recovery of any related and unreimbursed Advances and Administrative Advances plus interest accrued thereon
and, if applicable, unreimbursed Liquidation Expenses and unpaid Trust Fund Expenses; second, as a recovery of Nonrecoverable
Advances or interest thereon to the extent previously reimbursed from principal collections with respect to the Mortgage Loan;
third, as a recovery of accrued and unpaid interest on the Trust Loan that has not been the subject of a Monthly Payment
Advance, to the extent of the excess of (i) accrued and unpaid interest on each outstanding Component at the applicable Net Component
Rate (without giving effect to any increase in such Net Component Rate required under the Mortgage Loan Agreement as a result
of a Mortgage Loan Event of Default) through and including the end of the Mortgage Loan Interest Accrual Period in which such
collections were received by or on behalf of the Trust, over (ii) the cumulative amount of the reductions (if any) in the amount
of the interest portion of the related Monthly Payment Advances for the Trust Loan that have theretofore occurred under Section
3.23(a) in connection with Trust Appraisal


 






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Reduction Amounts (to the extent that collections have not been applied as a recovery
of accrued and unpaid interest pursuant to clause fifth below on earlier dates) (such accrued and unpaid interest to be
applied in accordance with the Co-Lender Agreement); fourth, as a recovery of principal on the Trust Loan, including by
reason of acceleration of the Trust Loan following a Mortgage Loan Event of Default (or, if the Mortgage Loan has been liquidated,
as a recovery of principal to the extent of its entire remaining unpaid principal balance) to be allocated among the Components
in accordance with the Co-Lender Agreement; fifth, as a recovery of accrued and unpaid interest on the Trust Loan to the
extent of the cumulative amount of the reductions (if any) in the amount of the interest portion of the related Monthly Payment
Advances for the Trust Loan that have theretofore occurred under Section 3.23(a) in connection with Trust Appraisal Reduction
Amounts (to the extent that collections have not been applied as a recovery of accrued and unpaid interest pursuant to this clause
fifth on earlier dates) (such accrued and unpaid interest to be applied in accordance with the Co-Lender Agreement); sixth,
as a recovery of any Default Interest then deemed to be due and owing under the Trust Loan; and seventh, as a recovery
of any other amount deemed to be due and owing in respect of the Mortgage Loan (if both consent fees and Operating Advisor Consulting
Fees are due and owing, first, allocated to consent fees and then, allocated to Operating Advisor Consulting Fees); provided
further that, to the extent the terms of the Co-Lender Agreement and the above allocations conflict, the terms of the Co-Lender
Agreement will control.


 


(c)       All
net present value calculations and determinations made under the Trust and Servicing Agreement with respect to the Mortgage Loan,
the Trust Loan, any Companion Loan, or a Property or Foreclosed Property (including for purposes of the definition of “Accepted
Servicing Practices”) shall be made using a discount rate appropriate for the type of cash flows being discounted; namely
(i) for principal and interest payments on the Mortgage Loan, the Trust Loan or such Companion Loan, or sale of the Mortgage Loan,
the Trust Loan or such Companion Loan if it is in default, the higher of (1) the rate determined by the Servicer or Special Servicer,
as applicable, that approximates the market rate that would be obtainable by the Borrowers on similar debt of the Borrowers as
of such date of determination and (2) the weighted average of the Component Rates on the Mortgage Loan, the Trust Loan or such
Companion Loan, as the case may be, based on its outstanding principal balance and (ii) for all other cash flows, including property
cash flow, the “discount rate” set forth in the most recent Appraisal (or update of such Appraisal).


 


2.       DECLARATION
OF TRUST; ORIGINAL ISSUANCE OF CERTIFICATES


 


2.1.       Creation
and Declaration of Trust; Conveyance of the Trust Loan. (a) The Depositor, concurrently with the execution and delivery
hereof, hereby sells, transfers, assigns, delivers, sets over, and otherwise conveys or causes to be conveyed in trust to the
Trustee for the benefit of Certificateholders, without recourse (except to the extent otherwise provided herein and in the
Mortgage Loan Documents), the Depositor’s right, title and interest, whether now owned or hereafter acquired, now
existing or hereafter arising, wherever located, in and to all of the items referred to in the definition of “Trust
Fund”, including without limitation (i) all rights and remedies of the Depositor under the Trust Loan Purchase
Agreement, (ii) all right, title and interest of the Depositor in, to and under the Reserve Accounts, (iii) all right, title
and interest of the Depositor in and to the Trust Loan as of the Closing Date and (iv) all other assets included or to be
included in the Lower-Tier REMIC for the benefit of the Upper-Tier REMIC. Such transfer and assignment includes all payments
of interest on the Trust Loan due and payable after the Cut-off Date and all principal payments received on or after the
Closing Date (but not including the excess of LIBOR for the Mortgage Loan Interest Accrual Period for the Payment Date in
August 2018 over LIBOR for the first Certificate Interest Accrual Period (which shall belong to the Mortgage Loan Seller and
shall be payable to the Mortgage Loan Seller pursuant to Section 3.4(c)(xiii)). For the avoidance of doubt, the amount
of interest due to the Trust from the August 2018 payment on the Trust Loan is expected to be $4,117,128.48, and the amount
to be returned to the Trust Loan Seller is expected to be $964,615.42 (the “Retained Interest
Amount”).


 






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Such
sale, transfer and assignment include any related escrow accounts and any security interest under the Trust Loan (whether in real
or personal property and whether tangible or intangible) and all related rights to payments made or required to be made to the
Depositor by the Loan Parties or any other party under the Mortgage Loan Documents relating to the Trust Loan. Such sale, transfer
and assignment further include all Mortgage Loan Documents relating to the Trust Loan (other than Securitization Cooperating Provisions).
Notwithstanding anything to the contrary herein, the rights of the Lender under the Securitization Cooperation Provisions shall
be retained by the Trust Loan Seller and shall not be part of the Trust Fund.


 


(b)       In
connection with such sale, transfer and assignment, the Depositor does hereby deliver to, and deposit with the Custodian (i) the
original Trust Notes (or if any Trust Note has been lost, a lost note affidavit with a customary indemnity provision, together
with a copy of such Note), endorsed without recourse to the order of the Trustee in the following form: “Pay to the order
of Wells Fargo Bank, National Association, as Trustee, for the benefit of Holders of J.P. Morgan Chase Commercial Mortgage Securities
Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, without recourse or warranty except as set forth
in the Trust and Servicing Agreement, dated as of July 31, 2018, among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer, KeyBank National Association, as Special Servicer, Wells Fargo Bank,
National Association, as Certificate Administrator, Wells Fargo Bank, National Association, as Trustee, and Park Bridge Lender
Services LLC, as Operating Advisor”, which Notes and all endorsements thereon shall show a complete chain of endorsement
from the original payee(s) to the Trustee and (ii) on or before the fifth day after the Closing Date (the “Delivery Date”),
the following documents or instruments with respect to the Mortgage Loan (collectively with the original Trust Notes required
under clause (i) above, the “Mortgage File”), in each case executed by the parties thereto:


 


(A)       the
original Mortgage Loan Agreement, including all amendments thereto;


 


(B)       each
original recorded counterpart of the Mortgages or certified copies of the recorded counterparts of the Mortgages;


 


(C)       each
original Assignment of Mortgage, each in favor of the Trustee, and each in a form that is complete and suitable for recording
in the applicable jurisdiction in which each Property is located to “Wells Fargo Bank, National Association, as Trustee
for the benefit of Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
Certificates, Series 2018-WPT and the Companion Loan Holders, as their interests may appear” without recourse;


 


(D)       the
original Environmental Indemnity;


 


(E)       a
copy of the Management Agreement;


 


(F)       the
original Assignment of Management Agreement;


 


(G)       the
original Cash Management Agreement;


 






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(H)       where
applicable, a copy of each UCC-1 financing statement (and an original thereof shall have been sent for filing), together with
a UCC-3 financing statement, in a form that is complete and suitable for filing, disclosing the assignment from the secured party
named in such UCC-1 financing statement to the Trustee of the security interest in the personal property and other UCC collateral
constituting security for repayment of the Mortgage Loan;


 


(I)       the
lender’s title insurance policies obtained in connection with the origination of the Mortgage Loan (or marked, signed commitments
to insure or pro forma title insurance policies), which may be an electronically issued policy, together with any endorsements
thereto;


 


(J)       if
a material portion of the interest of the Borrower in any Property consists of a leasehold interest, the original or a copy of
the ground lease relating to such Property, together with any estoppels from the related ground lessors and a notice to the related
ground lessor of the transfer of the Mortgage Loan to the Trust or the Trustee on its behalf;


 


(K)       any
other material written agreements related to the Mortgage Loan or any other loan documents executed by the Loan Parties or any
other obligor or related party in connection with the origination of the Mortgage Loan or amendment thereof and any legal opinions
delivered in connection with the origination of the Mortgage Loan;


 


(L)       all
other instruments, if any, constituting additional security for the repayment of the Mortgage Loan;


 


(M)       the
Interest Rate Cap Agreement and Assignment of Interest Rate Cap Agreement;


 


(N)       the
Lockbox Agreement;


 


(O)       an
original of the Co-Lender Agreement;


 


(P)       an
original of the Guaranty; and


 


(Q)       any
and all amendments, modifications and supplements to, and waivers related to, any of the foregoing.


 


The
Depositor shall provide the Servicer promptly following the Closing Date, at its own expense, with copies of all such documents
in its possession constituting part of the Mortgage File.


 


In
addition, the Depositor shall deliver or cause to be delivered to the Servicer for its review, all required insurance policies
or certificates issued by the insurers showing such insurance to be in effect on the Closing Date, together with proof of payment
of premiums relating thereto (which may consist of such policies or certificates).


 






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Each
Assignment of Mortgage and UCC-3 financing statements to be filed in the appropriate filing offices or record depositories shall
be filed or recorded, as applicable, by a designee of the Depositor, with instructions to return all such recorded documents,
or other evidences of filing issued by the applicable governmental offices, to the Custodian, with a copy to the Servicer. In
the event that any such document is determined to be defective or not to be in compliance with the requirements of the applicable
filing office or recording depository, or if any such document is lost or returned unrecorded because of a defect therein, the
Depositor shall promptly prepare a substitute document, and shall cause each such document to be duly submitted for filing or
recording, as applicable. Notwithstanding anything to the contrary contained in this Section 2.1(b), in those instances
where the public recording office retains the original Mortgage or Assignment of Mortgage, if applicable, after any has been recorded,
the obligations of the Depositor hereunder and the obligations of the Trust Loan Seller under the Trust Loan Purchase Agreement
shall be deemed to have been satisfied upon delivery to the Custodian of a copy of such Mortgage, or Assignment of Mortgage, if
applicable, certified by the public recording office to be a true and complete copy of the recorded original thereof.


 


The
ownership of the Trust Notes, all other contents of the Mortgage File and the other assets in the Trust Fund shall be vested in
the Trust or the Trustee for the benefit of the Certificateholders and (other than the Trust Notes) the Companion Loan Holders.
The Depositor, the Servicer and the Special Servicer agree to take no action inconsistent with the Trustee’s ownership of
the Trust Loan and to promptly indicate to all inquiring parties that the Trust Loan has been sold and to claim no ownership interest
in the Trust Loan. All original documents relating to the Trust Loan that are not delivered to the Custodian are and shall be
held by the Depositor, the Servicer or the Special Servicer, as the case may be, in trust for the benefit of the Certificateholders.
In the event that any such original document is required pursuant to the terms of this Section 2.1(b) to be a part of a
Mortgage File, such document shall be delivered promptly to the Custodian.


 


2.2.       Acceptance
by the Trustee and the Certificate Administrator. (a) By its execution and delivery of this Agreement, the Trustee
acknowledges the assignment to it by the Depositor of the Trust Fund in good faith without notice of adverse claims and the
Custodian declares that it holds and will hold or will cause to be held such documents as are delivered to it constituting
the Mortgage File (to the extent the documents constituting the Mortgage File are actually delivered to it) in trust, upon
the conditions herein set forth, for the use and benefit of all present and future Certificateholders and the Companion Loan
Holders.


 


(b)       The
execution and delivery of this Agreement by the Certificate Administrator shall constitute certification by the Certificate Administrator
of its acceptance of its appointment hereunder as Custodian and, in such capacity, that (i) the original Trust Notes specified
in clause (i) of the definition of “Mortgage File” and all allonges thereto, if any, have been received by
the Custodian; and (ii) such original Trust Notes have been reviewed by the Custodian and (A) appear regular on their face (handwritten
additions, changes or corrections shall not constitute irregularities if initialed by the Borrowers), (B) appear to have been
executed and (C) purport to relate to the Trust Loan. The Custodian agrees to review or cause to be reviewed the Mortgage File
within thirty (30) days after the Closing Date, and to deliver to the Depositor, the Companion Loan Holders, the Trustee, the
Certificate Administrator, the Directing Certificateholder (but only prior to the occurrence of a Consultation Termination


 






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Event),
the Servicer and the Special Servicer a report certifying, subject to any exceptions found by it in such review, that (A) all
documents referred to in Section 2.1(b) have been received, and (B) all documents have been executed, appear to be what
they purport to be, purport to be recorded or filed (as applicable) and have not been torn, mutilated or otherwise defaced, and
appear on their faces to relate to the Mortgage Loan. The Custodian shall have no responsibility for reviewing the Mortgage File
except as expressly set forth in this Section 2.2(b). The Custodian shall be under no duty or obligation to inspect, review,
or examine any such documents, instruments or certificates to independently determine that they are valid, genuine, enforceable,
legally sufficient, duly authorized, or appropriate for the represented purpose, whether the text of any assignment or endorsement
is in proper or recordable form (except to determine if the endorsement conforms to the requirements of Section 2.1(b)),
whether any document has been recorded in accordance with the requirements of any applicable jurisdiction, to independently determine
that any document has actually been filed or recorded in the appropriate office, that any document is other than what it purports
to be on its face, or whether the title insurance policies relate to the Properties.


 


If
the Depositor cannot deliver, or cause to be delivered, any of the documents and/or instruments referred to in clauses (ii)(B),
(C) and (H) of Section 2.1(b) with evidence of filing or recording thereon (if intended to be recorded or
filed), solely because of a delay caused by the public filing or recording office where such document or instrument has been delivered
for filing or recordation, the delivery requirements of Section 2.1 shall be deemed to have been satisfied on a provisional
basis as of the Delivery Date as to such non-delivered document or instrument, and such non-delivered document or instrument shall
be deemed to have been included in the Mortgage File, if a duplicate original or a photocopy of such non-delivered document or
instrument (certified by the applicable public filing or recording office, the applicable title insurance company or the Trust
Loan Seller to be a true and complete copy of the original thereof submitted for filing or recording) is delivered to the Custodian
on or before the Delivery Date, and either the original of such non-delivered document or instrument, or a photocopy thereof (certified
by the appropriate county recorder’s office, in the case of the documents and/or instruments referred to in clause (ii)(B),
(C) and (I) of Section 2.1(b) to be a true and complete copy of the original thereof submitted for recording),
with evidence of filing or recording thereon, is delivered to the Custodian within 180 days of the Closing Date (or within such
longer period, not to exceed 18 months, after the Closing Date as the Custodian shall consent to so long as the Trust Loan Seller
provides a certification in writing to the Custodian no less often than every 90 days that it is attempting in good faith to obtain
from the appropriate public filing office or county recorder’s office such original or photocopy).


 


(c)       Upon
the first anniversary of the Closing Date, the Custodian shall deliver a final exception report as to any remaining documents
that are not in the Mortgage File, whereupon, within 90 days, the Depositor shall either: (i) cause such document deficiency to
be cured; or (ii) use commercially reasonable efforts to cause the Trust Loan Seller to repurchase the Trust Loan (or the allocable
portion of the Trust Loan with respect to a Property that was the subject of such Material Breach or Material Document Defect
equal to the Allocated Mortgage Loan Amount for such Property) pursuant to the Trust Loan Purchase Agreement if such exception
is a Material Document Defect. Notwithstanding anything to the contrary herein, no Defect (except for a Defect with respect to
the documents described in clause (i) of Section 2.1(b) and the documents described in clauses (ii)(B) through
(C) and (I) of


 






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Section 2.1(b)) or a Defect that relates to the Trust Loan being other than a Qualified Mortgage
shall be considered to be a Material Document Defect unless the document with respect to which a Defect exists is required in
connection with (A) an imminent enforcement of the mortgagee’s rights or remedies under the Trust Loan; (B) defending any
claim asserted by any Borrower or third party with respect to the Trust Loan; (C) establishing the validity or priority of any
lien on any collateral securing the Trust Loan; or (D) any immediate significant servicing obligations. The Trustee’s sole
remedy against the Trust Loan Seller in connection with a Material Document Defect is to enforce the repurchase claim in accordance
with the provisions of the Trust Loan Purchase Agreement.


 


(d)       If
the Servicer or the Special Servicer (i) receives a Repurchase Request (the receiving Servicer or Special Servicer, as applicable,
the “Repurchase Request Recipient” with respect to such Repurchase Request); or (ii) receives any withdrawal
of a Repurchase Request by the Person making such Repurchase Request (a “Repurchase Request Withdrawal”) or
such a Repurchase Request or Repurchase Request Withdrawal is forwarded to the Servicer or Special Servicer by another party hereto,
then the Repurchase Request Recipient shall deliver notice of such Repurchase Request or Repurchase Request Withdrawal (each,
a “Rule 15Ga-1 Notice”) to the Depositor, the Companion Loan Holders and the Trust Loan Seller, in each case
within ten (10) Business Days from such party’s receipt thereof. Each Rule 15Ga-1 Notice may be delivered by electronic
means.


 


Each
Rule 15Ga-1 Notice shall include (i) the identity of the Property, (ii) the date the Repurchase Communication of the Repurchase
Request or Repurchase Request Withdrawal is received and (iii) in the case of a Repurchase Request, (A) the identity of the Person
making such Repurchase Request, (B) if known, the basis for the Repurchase Request (as asserted in the Repurchase Request) and
(C) a statement from the Repurchase Request Recipient as to whether it currently plans to pursue such Repurchase Request.


 


A
Repurchase Request Recipient shall not be required to provide any information in a Rule 15Ga-1 Notice protected by the attorney-client
privilege or attorney work product doctrines. The Trust Loan Purchase Agreement will provide that (i) any Rule 15Ga-1 Notice provided
pursuant to this Section 2.2(d) is so provided only to assist the Trust Loan Seller and Depositor or their respective Affiliates
to comply with Rule 15Ga-1 under the Exchange Act and any other requirement of law or regulation and (ii) (A) no action taken
by, or inaction of, a Repurchase Request Recipient and (B) no information provided pursuant to this Section 2.2(d) by a
Repurchase Request Recipient, shall be deemed to constitute a waiver or defense to the exercise of any legal right the Repurchase
Request Recipient may have with respect to the Trust Loan Purchase Agreement, including with respect to any Repurchase Request
that is the subject of a Rule 15Ga-1 Notice.


 


In
the event that the Depositor, the Trustee or the Certificate Administrator receives a Repurchase Communication of a Repurchase
Request or a Repurchase Request Withdrawal, then such party shall promptly forward such Repurchase Communication of such Repurchase
Request or Repurchase Request Withdrawal to the Servicer (or to the Special Servicer, if a Special Servicing Loan Event has occurred
and is continuing), and include the following statement in the related correspondence: “This is a “Repurchase Request
[Withdrawal]” under Section 2.2 of the Trust and Servicing Agreement relating to the J.P.


 






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Morgan Chase Commercial Mortgage
Securities Trust 2018-WPT Commercial Mortgage Pass-Through Certificates, Series 2018-WPT requiring action by you as the recipient
of such Repurchase Request or Repurchase Request Withdrawal thereunder.” Upon receipt of such Repurchase Communication of
such Repurchase Request or Repurchase Request Withdrawal by the Servicer or the Special Servicer, as applicable, such party shall
be deemed to be the Repurchase Request Recipient of such Repurchase Communication of such Repurchase Request or Repurchase Request
Withdrawal, and such party shall comply with the procedures set forth in this Section 2.2(d) with respect to such Repurchase
Request or Repurchase Request Withdrawal.


 


If
the Depositor, the Trustee or the Certificate Administrator receives notice or has knowledge of a withdrawal of a Repurchase Request
Withdrawal of which notice has been previously received or given, and such notice was not received from or copied to the Servicer
or the Special Servicer, then such party shall promptly give notice of such Repurchase Request Withdrawal to the Servicer or the
Special Servicer, as applicable.


 


In
the event that a Property is repurchased pursuant to Section 2.8, the Servicer or Special Servicer shall promptly notify
the Depositor, the Certificate Administrator and the Trustee of such repurchase.


 


2.3.       Representations
and Warranties of the Trustee. (a) Wells Fargo Bank, National Association, as Trustee hereby represents and warrants to
the other parties hereto that as of the Closing Date:


 


(i)       the
Trustee is a national banking association, duly organized, validly existing, and is in good standing under the laws of the United
States; the Trustee possesses and shall continue to possess all requisite authority, power, licenses, permits, franchise and approvals
to conduct its business and to execute, deliver and comply with its obligations under this Agreement;


 


(ii)       the
execution and delivery of this Agreement by the Trustee and its performance and compliance with the terms of this Agreement will
not violate the Trustee’s articles of association or constitute a default (or an event which, with notice or lapse of time,
or both, would constitute a default) under, or result in the breach of, any material contract, agreement or other instrument to
which the Trustee is a party or which may be applicable to the Trustee or any of its assets;


 


(iii)       except
to the extent that the laws of any jurisdiction in which a part of the Trust Fund may be located require that a co-trustee or
separate trustee be appointed to act with respect to such property as contemplated by Section 8.10, the Trustee has the
full power and authority to enter into and consummate the transactions contemplated by this Agreement, has duly authorized the
execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;


 


(iv)       this
Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding obligation
of the Trustee, enforceable against it in accordance with the terms of this Agreement, except as such enforcement may be limited
by bankruptcy, insolvency, conservatorship, reorganization, receivership,


 






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moratorium or other laws relating to or affecting the
rights of creditors generally and by general principles of equity (regardless of whether such enforcement is considered in a proceeding
in equity or at law);


 


(v)       the
Trustee is not in violation of, and the execution and delivery of this Agreement by the Trustee and its performance and compliance
with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court or any order,
law or regulation of any federal, state, municipal or governmental agency of or in the United States of America having jurisdiction,
which violation would have consequences that would materially and adversely affect the condition (financial or other) or operations
of the Trustee or its properties or might have consequences that would materially affect the performance of its duties hereunder
or thereunder;


 


(vi)       no
consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Trustee of this Agreement or if required, such
approval has been obtained prior to the Closing Date;


 


(vii)       no
litigation is pending or, to the best of the Trustee’s knowledge, threatened against the Trustee which would prohibit its
entering into or materially and adversely affect its ability to perform its obligations under this Agreement;


 


(viii)       the
Trustee is covered by errors and omissions insurance coverage which is in full force and effect and/or otherwise complies with
the requirements of Section 8.6(c); and


 


(ix)       to
its actual knowledge, the Trustee is not Risk Retention Affiliated with the Third Party Purchaser.


 


(b)       The
respective representations and warranties of the Trustee set forth in this Section 2.3 shall survive until the termination
of this Agreement, and shall inure to the benefit of the other parties hereto and the Certificateholders.


 


2.4.       Representations
and Warranties of the Certificate Administrator. (a) Wells Fargo Bank, National Association, as Certificate Administrator,
hereby represents and warrants to the other parties hereto and for the benefit of the Certificateholders and the Companion Loan
Holders as of the Closing Date:


 


(i)       the
Certificate Administrator is a national banking association, duly organized, validly existing, and is in good standing under the
laws of the United States; the Certificate Administrator possesses and shall continue to possess all requisite authority, power,
licenses, permits, franchise and approvals to conduct its business and to execute, deliver and comply with its obligations under
this Agreement;


 


(ii)       the
execution and delivery of this Agreement by the Certificate Administrator and its performance and compliance with the terms of
this Agreement will not violate the Certificate Administrator’s articles of association or constitute a default (or an event
which, with notice or lapse of time, or both, would constitute a default) under, or


 






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result in the breach of, any material contract,
agreement or other instrument to which the Certificate Administrator is a party or which may be applicable to the Certificate
Administrator or any of its assets;


 


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


 


(iv)       this
Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding obligation
of the Certificate Administrator, enforceable against it in accordance with the terms of this Agreement, except as such enforcement
may be limited by bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other laws relating to
or affecting the rights of creditors generally and by general principles of equity (regardless of whether such enforcement is
considered in a proceeding in equity or at law);


 


(v)       the
Certificate Administrator is not in violation of, and the execution and delivery of this Agreement by the Certificate Administrator
and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order
or decree of any court or any order, law or regulation of any federal, state, municipal or governmental agency of or in the United
States of America having jurisdiction, which violation would have consequences that would materially and adversely affect the
condition (financial or other) or operations of the Certificate Administrator or its properties or might have consequences that
would materially affect the performance of its duties hereunder or thereunder;


 


(vi)       no
consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Certificate Administrator of this Agreement or
if required, such approval has been obtained prior to the Closing Date;


 


(vii)       the
Certificate Administrator is covered by errors and omissions insurance coverage which is in full force and effect and/or otherwise
complies with the requirements of Section 8.6(b);


 


(viii)       no
litigation is pending or, to the best of the Certificate Administrator’s knowledge, threatened against the Certificate Administrator
which would prohibit its entering into or materially and adversely affect its ability to perform its obligations under this Agreement;
and


 


(ix)       to
its actual knowledge, the Certificate Administrator is not Risk Retention Affiliated with the Third Party Purchaser.


 


(b)       The
respective representations and warranties of the Certificate Administrator set forth in this Section 2.4 shall survive
until the termination of this Agreement, and shall inure to the benefit of the other parties hereto and the Certificateholders.





 






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2.5.       Representations
and Warranties of the Servicer and Special Servicer. (a) KeyBank National Association, as Servicer and as Special Servicer,
hereby represents and warrants to the other parties hereto that as of the Closing Date:


 


(i)       it
is a national banking association duly organized, validly existing, and in good standing under the laws of the United States;
it is, and throughout the term of this Agreement shall remain, duly authorized and qualified to transact business in the jurisdiction
where each Property is located to the extent required by applicable law and necessary to ensure the enforceability of the Mortgage
Loan in accordance with the terms thereof and hereof; it possesses and shall continue to possess all requisite authority, power,
licenses, permits, franchise, and approvals to conduct its business and to execute, deliver, and comply with its obligations under
this Agreement;


 


(ii)       the
execution and delivery of this Agreement and its performance of and compliance with the terms hereof in the manner contemplated
by this Agreement will not violate its articles of association or by-laws, or any other material instrument governing its operations,
or any laws, regulations, orders or decrees of any governmental authority applicable to it and will not constitute a default (or
any event which, with notice or lapse of time or both, would constitute a default) under any material contract, agreement, or
other instrument to which it is a party or which may be applicable to any of its assets, which violation or default would have
consequences that would materially and adversely affect its financial condition or operations or its properties taken as a whole
or its ability to perform its obligations hereunder, or materially impair the ability of the Trust Fund to realize on the Collateral;


 


(iii)       this
Agreement constitutes its valid, legal, and binding obligation enforceable against it in accordance with its terms, subject to
bankruptcy and receivership laws and other similar laws of general application affecting rights of creditors and subject to the
application of the rules of equity, including those respecting the availability of specific performance;


 


(iv)       it
has the full power and authority to enter into and consummate the transactions contemplated by this Agreement; this Agreement
has been duly executed and delivered by it;


 


(v)       all
consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any, required for
the execution, delivery and performance of this Agreement by it have been obtained or made;


 


(vi)       there
is no pending action, suit or proceeding, arbitration or governmental investigation against it, the outcome of which, in its reasonable
judgment, could reasonably be expected to prohibit it from entering into this Agreement or materially and adversely affect its
ability to perform its obligations under this Agreement;


 


(vii)       it
has errors and omissions insurance and fidelity bond coverage which is in full force and effect or is self-insuring with respect
to such risks, which in either case, complies with the requirements of Section 3.11 hereof; and


 






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(viii)       to
its actual knowledge, the Servicer is not Risk Retention Affiliated with the Third Party Purchaser.


 


(b)       The
representations and warranties of the Servicer and the Special Servicer set forth in this Section 2.5 shall survive until
termination of this Agreement, and shall inure to the benefit of the parties hereto and the Certificateholders.


 


2.6.       Representations
and Warranties of the Depositor. (a) The Depositor hereby represents and warrants to the other parties hereto that as of
the Closing Date:


 


(i)       the
Depositor is a Delaware corporation, duly organized, validly existing and in good standing under the laws of Delaware, with full
power and authority to own its property, to carry on its business as presently conducted, to enter into and perform its obligations
under this Agreement, and to create the trust pursuant hereto;


 


(ii)       the
execution, delivery and performance of this Agreement by the Depositor have been duly authorized by all necessary corporate action
on the part of the Depositor; neither the execution, delivery and performance of this Agreement, nor the consummation of the transactions
herein contemplated, nor the compliance with the provisions hereof, will conflict with or result in a breach of, or constitute
a default under (A) any of the provisions of any law, rule, regulation, judgment, decree or order binding on the Depositor, (B)
the organizational documents of the Depositor, or (C) the terms of any indenture or other agreement or instrument to which the
Depositor is a party or by which it is bound or any statute, order or regulation of any court, regulatory body, administrative
agency or governmental body having jurisdiction over it;


 


(iii)       the
execution, delivery and performance by the Depositor of this Agreement and the consummation of the transactions contemplated hereby
and thereby do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other
action in respect of, any state, federal or other governmental authority or agency, except such as has been obtained, given, effected
or taken prior to the date hereof;


 


(iv)       this
Agreement has been duly executed and delivered by the Depositor and, assuming due authorization, execution and delivery by the
other parties hereto, constitutes a valid and binding obligation of the Depositor enforceable against it in accordance with its
terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other
similar laws relating to or affecting the rights of creditors generally, and by general equity principles (regardless of whether
such enforcement is considered in a proceeding in equity or at law);


 


(v)       there
are no actions, suits or proceedings pending or, to the best of the Depositor’s knowledge, threatened or likely to be asserted
against or affecting the Depositor, before or by any court, administrative agency, arbitrator or governmental body (A) with respect
to any of the transactions contemplated by this Agreement or (B) with respect to any other matter which in the judgment of the
Depositor will be determined adversely to the Depositor and will, if determined adversely to the Depositor, materially and adversely
affect its ability to perform its obligations under this Agreement; 


 






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(vi)       the
Depositor is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal,
state, municipal or governmental agency, which default would materially and adversely affect the ability of the Depositor to perform
its obligations hereunder;


 


(vii)       other
than the actions taken pursuant to this Agreement, the Depositor has taken no action to impair or encumber the title to the Trust
Loan or to subject it to any offsets, defenses or counterclaims during the Depositor’s ownership thereof;


 


(viii)       the
Depositor is accounting for the transfer of the Trust Loan as a sale under generally accepted accounting principles and for federal
income tax purposes;


 


(ix)       the
Depositor is not, and, after giving effect to the transfers contemplated under this Agreement, will not be, insolvent; and


 


(x)       the
Depositor has not transferred the Trust Loan with an intent to hinder, delay or defraud its creditors.


 


(b)       The
representations and warranties of the Depositor set forth in this Section 2.6 shall survive until termination of this Agreement,
and shall inure to the benefit of the Certificateholders, the Trustee, the Certificate Administrator, the Servicer and the Special
Servicer.


 


(c)       Neither
the Depositor nor any of its Affiliates shall insure or guarantee distributions on the Certificates. Subject to Section 2.6(a)
and (b), neither the Certificateholders, the Trustee, or the Certificate Administrator on their behalf shall have any
rights or remedies against the Depositor for any losses or other claims in connection with the Certificates or the Trust Loan.


 


2.7.       Representations
and Warranties of the Operating Advisor. (a) The Operating Advisor hereby represents and warrants to the other parties hereto
that as of the Closing Date:


 


(i)       it
is a limited liability company, duly organized, validly existing and in good standing under the laws of New York, and the Operating
Advisor is in compliance with the laws of the State in which each Property is located to the extent necessary to perform its obligations
under this Agreement;


 


(ii)       the
execution and delivery of this Agreement by the Operating Advisor, and the performance and compliance with the terms of this Agreement
by the Operating Advisor, do not (A) violate the Operating Advisor’s organizational documents, (B) constitute a default
(or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any
material agreement or other material instrument to which it is a party or which is applicable to it or any of its assets, or (C)
violate any law, rule, regulation, order, judgment or decree to which the Operating Advisor or its property is subject, which,
in the case of either (B) or (C), is likely to materially and adversely affect either the ability of the Operating
Advisor to perform its obligations under this Agreement or its financial condition;


 






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(iii)       the
Operating Advisor has the full power and authority to enter into and consummate all transactions to be performed by it contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;


 


(iv)       this
Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and binding
obligation of the Operating Advisor, enforceable against the Operating Advisor in accordance with the terms hereof, subject to
(A) applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the enforcement of creditors’
rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in
equity or at law;


 


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


 


(vi)       the
Operating Advisor has errors and omissions insurance coverage that is in full force and effect or is self-insuring with respect
to such risks, which in either case complies with the requirements of Section 3.11 hereof;


 


(vii)       no
litigation is pending or, to the best of the Operating Advisor’s knowledge, threatened against the Operating Advisor, which
would prohibit the Operating Advisor from entering into this Agreement or, in the Operating Advisor’s good faith and reasonable
judgment, is likely to materially and adversely affect the ability of the Operating Advisor to perform its obligations under this
Agreement;


 


(viii)       no
consent, approval, authorization or order of any court or governmental agency or body is required under federal or state law for
the execution, delivery and performance by the Operating Advisor of, or compliance by the Operating Advisor with, this Agreement
or the consummation of the transactions of the Operating Advisor contemplated by this Agreement, except for any consent, approval,
authorization or order which has been obtained or can be obtained prior to the actual performance by the Operating Advisor of
its obligations under this Agreement, or which, if not obtained would not have a materially adverse effect on the ability of the
Operating Advisor to perform its obligations hereunder; and


 


(b)       the
Operating Advisor is an Eligible Operating Advisor.


 


2.8.       Representations
and Warranties Contained in the Trust Loan Purchase Agreement. (a) Upon discovery by the Servicer, the Special Servicer,
the Certificate Administrator, the Trustee or the Operating Advisor of (i) a Material Breach of any


 






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representation and warranty set forth in Exhibit A to the Trust Loan Purchase Agreement, which
representation and warranty was made by the Trust Loan Seller in the Trust Loan Purchase Agreement and has been assigned to the
Trustee pursuant to Section 2.1 hereof, or (ii) a Material Document Defect, such Person shall give prompt notice thereof
to the other parties hereto and the Trust Loan Seller, and upon receipt or delivery, as applicable, of such notice the Servicer
or Special Servicer, as applicable, shall use commercially reasonable efforts to cause the Trust Loan Seller, to the extent obligated
to do so under the Trust Loan Purchase Agreement, to cure such default or defect or repurchase the Trust Loan (or a portion of
the Trust Loan in connection with a Material Breach or a Material Document Defect) under the terms of and within the time period
specified by the Trust Loan Purchase Agreement, it being understood and agreed that none of such Persons has an obligation to
conduct any investigation with respect to such matters; provided, that within ninety (90) days of (1) the receipt by the
Trust Loan Seller of notice of such Material Document Defect or Material Breach, as the case may be, or (2) the discovery of such
Defect or breach by any party hereto, in the case of a Defect or breach that would cause the Trust Loan not to be a “qualified
mortgage” within the meaning of Code Section 860G(a)(3) (but without regard to the rule in Treasury Regulations Section
1.860G-2(f)(2) (a “Qualified Mortgage”)), will be a Material Breach or Material Document Defect, respectively,
and with respect to any such Material Breach or Material Document Defect, such Trust Loan Seller shall either (x) repurchase the
Trust Loan (or the allocable portion of the Trust Loan with respect to a Property that was the subject of such Material Breach
or Material Document Defect equal to the Allocated Mortgage Loan Amount for such Property) at the Repurchase Price, (y) promptly
cure such Material Document Defect or Material Breach, as the case may be, in all material respects; or (z) if such Material Document
Defect or Material Breach is not related to the Trust Loan not being a “qualified mortgage” within the meaning of
Code Section 860G(a)(3), indemnify the Trust for the losses directly related to such Material Document Defect or Material Breach,
subject to receipt of Rating Agency Confirmation from each Rating Agency with respect to such action; provided, that in
the event that such Material Document Defect or Material Breach does not cause the Trust Loan to be other than a “qualified
mortgage” as described in Code Section 860G(a)(3) and is capable of being cured but not within such 90-day period if such
Trust Loan Seller has commenced and is diligently proceeding with the cure of such Material Document Defect or Material Breach,
such Trust Loan Seller will have an additional 90 days to complete such cure, or failing such cure, to repurchase the Trust Loan
in an amount equal to the Repurchase Price or if such Material Document Defect or Material Breach is not related to the Trust
Loan not being a Qualified Mortgage, indemnify the Trust for losses directly related to such Material Breach or Material Document
Defect, subject, in the case of any partial repurchase or indemnity in lieu of a repurchase, to receipt of a Rating Agency Confirmation
from each Rating Agency with respect to such action; provided, further, that with respect to such additional 90-day
period, such Trust Loan Seller shall have delivered an officer’s certificate to the Trustee, the Certificate Administrator,
the Operating Advisor and the Servicer setting forth the reason why such Material Document Defect or Material Breach is not capable
of being cured within the initial 90-day period and what actions such Trust Loan Seller is pursuing in connection with the cure
thereof and stating that such Trust Loan Seller anticipates that such Material Document Defect or Material Breach will be cured
within the additional 90-day period. For the avoidance of doubt, no Liquidation Fee will be payable by any Trust Loan Seller in
connection with a repurchase of the Trust Loan (or the allocable portion of the Trust Loan with respect to a Property that was
the subject of such Material Breach or Material Document Defect equal to the


 






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Allocated Mortgage Loan Amount for such Property)
due to a Material Breach or a Material Document Defect if made in accordance with and within the 90 day period set forth in the
Trust Loan Purchase Agreement (including any applicable extended period).


 


(b)       Upon
receipt by the Servicer from the Trust Loan Seller of the Repurchase Price (or portion thereof) for the Trust Loan (or the allocable
portion of the Trust Loan with respect to a Property that was the subject of such Material Breach or Material Document Defect
equal to the Allocated Mortgage Loan Amount for such Property), the Servicer shall deposit such amount in the Collection Account,
and the Custodian shall, upon receipt of a certificate of a Servicing Officer certifying as to (1) the receipt by the Servicer
of the Repurchase Price (or a portion thereof) and the deposit of the Repurchase Price (or portion thereof) into the Collection
Account pursuant to this Section 2.8(b) and (2) if applicable, compliance with the conditions set forth in clauses (c)
and (d) below, (i) release or cause to be released to the designees of the Trust Loan Seller the Mortgage File and
the Trustee shall execute and deliver such instruments of transfer or assignment, in each case without recourse, representation
or warranty (except that the Trust Loan (or the allocable portion of the Trust Loan with respect to a Property that was the subject
of such Material Breach or Material Document Defect equal to the Allocated Mortgage Loan Amount for such Property) is owned by
the Trust and is being sold free and clear of liens and encumbrances), as shall be prepared by such designee to vest in such designee
the Trust Loan (or allocable portion thereof) released pursuant hereto and the Certificate Administrator, the Trustee, the Servicer
and the Special Servicer shall have no further responsibility with regard to such Mortgage File and (ii) release or cause to be
released to the Trust Loan Seller any escrow payments and reserve funds (or portions thereof) held by the Trustee, or on the Trustee’s
behalf, in respect of the Trust Loan (or the allocable portion of the Trust Loan with respect to a Property that was the subject
of such Material Breach or Material Document Defect equal to the Allocated Mortgage Loan Amount for such Property).


 


(c)       In
connection with any partial repurchase of the Trust Loan in connection with a Material Breach or Material Document Defect, the
Servicer, Special Servicer and Trustee, as applicable, shall comply with, and enforce the provisions of Section 9.1.3 of the Mortgage
Loan Agreement and the Depositor shall cause each Repurchasing Seller, at such Repurchasing Seller’s own expense, to deliver,
or cause to be delivered, to the Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating
Advisor all of the following: (i) a Rating Agency Confirmation with respect to the splitting of the Mortgage Loan in connection
with such repurchase, (ii) an Opinion of Counsel of nationally recognized tax counsel for the Repurchasing Seller to the effect
that such splitting of the Trust Loan in connection with such repurchase will not cause the Trust Fund to fail to qualify as a
REMIC for federal income tax purposes, (iii) a written instrument executed by the Borrowers to the effect that (1) they release
the Trust Fund and the parties to this Agreement from any liability that any of them may be construed to have to the Borrowers
for any cost or expense incurred or to be incurred by the Borrowers in connection with such splitting, including, without limitation,
transfer or conveyance fees (if any), mortgage recording taxes (if any) and attorney fees and expenses and (2) they concur that
such splitting of the Trust Loan does not increase in the aggregate any monetary obligation of the Mortgage Borrowers under the
Mortgage Loan Documents or any other obligation of the Borrowers under the Mortgage Loan Documents in any material respect; and
(iv) such other documents, instruments and opinions as the Servicer or the Special Servicer, as applicable, may reasonably request.





 






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(d)       To
the extent that the Trust Loan Seller does not repurchase the Trust Loan pursuant to the terms of the Trust Loan Purchase Agreement,
the provisions of Section 3.29 shall apply.


 


(e)       In
the event that the Trust Loan or a portion thereof is repurchased pursuant to this Section 2.8, the Servicer or Special
Servicer, as applicable, shall promptly notify the Depositor of such repurchase.


 


2.9.       Execution
and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests. The Trustee acknowledges the assignment in
trust by the Depositor to the Trustee of the Trust Notes and other assets comprising the Trust Fund. Concurrently with such
assignment and delivery and in exchange therefor, (i) the Certificate Administrator acknowledges the issuance of (x) the
Uncertificated Lower-Tier Interests to the Depositor and (y) the Class LT-R Interest, in exchange for the Trust Loan, receipt
of which is hereby acknowledged, (ii) immediately thereafter, the Certificate Administrator acknowledges (x) the assignment
by the Depositor to the Trustee of the Uncertificated Lower-Tier Interests, and in exchange therefor that it (y) has executed
and has authenticated and delivered to or upon the order of the Depositor, the Regular Certificates and has issued the Class
UT-R Interest, and (z) has executed and has authenticated and delivered to or upon the order of the Depositor, the Class R
Certificates, representing the Class LT-R and Class UT-R Interests, and (iii) the Depositor hereby acknowledges the receipt
by it or its designees, of the Regular Certificates in authorized denominations and the Class UT-R Interest evidencing the
entire beneficial ownership of the Upper-Tier REMIC.


 


2.10.       Miscellaneous
REMIC Provisions. (a) The Class A-FL, Class A-FX, Class X-FL, Class XA-FX, Class XB-FX, Class B-FL, Class B-FX, Class
C-FL, Class C-FX, Class D-FL, Class D-FX, Class E-FL, Class E-FX, Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL,
Class H-FX Certificates and Class HRR (Component FL) and Class HRR (Component FX) are hereby designated as the “regular
interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code. The Class UT-R Interest,
represented by the Class R Certificates, is hereby designated as the sole class of “residual interests” in the
Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.


 


(b)       The
Class LA-FL, Class LA-FX, Class LB-FL, Class LB-FX, Class LC-FL, Class LC-FX, Class LD-FL, Class LD-FX, Class LE-FL, Class LE-FX,
Class LF-FL, Class LF-FX, Class LG-FL, Class LG-FX, Class LH-FL, Class LH-FX, Class LHRR-FL and Class LHRR-FX Uncertificated Interests
are hereby designated as the “regular interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(1)
of the Code, and the Class LT-R Interest, represented by the Class R Certificates, is hereby designated as the sole class of “residual
interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.


 


2.11.       Resignation
Upon Prohibited Risk Retention Affiliation.


 


Upon
the occurrence of (i) a Servicing Officer of the Servicer or a Responsible Officer of the Certificate Administrator or the Trustee,
as applicable, obtaining actual knowledge that the Servicer, the Certificate Administrator or the Trustee, as applicable, is or
has become a Risk Retention Affiliate of the Third Party Purchaser (an “Impermissible TPP Affiliate”), (ii)
the


 






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Servicer, the Certificate Administrator, or the Trustee receiving written notice by any other party to this Agreement, the
Third Party Purchaser, any Trust Loan Seller, or any Initial Purchaser that the Servicer, the Certificate Administrator or the
Trustee, as applicable, is or has become an Impermissible TPP Affiliate, or (iii) the Operating Advisor obtaining actual knowledge
that it is or has become a Risk Retention Affiliate of the Third Party Purchaser or any other party to this Agreement (an “Impermissible
Operating Advisor Affiliate”; and either of an Impermissible TPP Affiliate and an Impermissible Operating Advisor Affiliate
being an “Impermissible Risk Retention Affiliate”), then in each such case the Impermissible Risk Retention
Affiliate shall be required to promptly notify the Retaining Sponsor and the other parties to this Agreement and resign in accordance
with Section 3.26(m), Section 6.4 or Section 8.7. The resigning Impermissible Risk Retention Affiliate shall
be required to bear all reasonable out-of-pocket costs and expenses of each other party to this Agreement, the Trust and each
Rating Agency in connection with such resignation as and to the extent required under this Agreement; provided, however,
if the affiliation causing an Impermissible Risk Retention Affiliate is the result of the Third Party Purchaser acquiring an interest
in such Impermissible Risk Retention Affiliate or an affiliate of such Impermissible Risk Retention Affiliate, then such costs
and expenses shall be an expense of the Trust.


 


3.       ADMINISTRATION
AND SERVICING OF THE Mortgage Loan


 


3.1.       Servicer
to Act as the Servicer; Special Servicer to Act as the Special Servicer. The Servicer and the Special Servicer, each as
an independent contractor, shall service and administer the Mortgage Loan and any Foreclosed Properties solely on behalf of
the Trust and the Companion Loan Holders in the best interest of and for the benefit of all the Certificateholders and the
Companion Loan Holders as a collective whole as if they constituted one lender (taking into account the subordination of the
Components comprising the Trust Loan and the Companion Loans) (as determined by the Servicer or the Special Servicer, as
applicable, in the exercise of its good faith and reasonable judgment), in accordance with applicable law (including the
REMIC Provisions), the terms of this Agreement, the Mortgage Loan Documents, the Co-Lender Agreement and, to the extent
consistent with the foregoing, the following standards: (i) the higher of (a) the same manner in which and with the same
care, skill, prudence and diligence with which the Servicer or the Special Servicer, as applicable, services and administers
similar loans and administers foreclosed properties for other third-party portfolios, giving due consideration to customary
and usual standards of practice of prudent institutional commercial mortgage lenders in servicing their own loans and
administering their own foreclosed properties, or (b) the same manner in which and with the same care, skill, prudence and
diligence the Servicer or the Special Servicer, as applicable, uses for loans that it owns or for foreclosed properties it
owns and administers; (ii) with a view to the timely collection of (a) all scheduled payments of principal and interest under
the Mortgage Loan or, if the Mortgage Loan comes into and continues in default and if no satisfactory arrangements can be
made for the collection of the delinquent payments, the maximization of the recovery on the Mortgage Loan to the
Certificateholders and the Companion Loan Holders as a collective whole as if they constituted one lender (taking into
account the interests of each of the holders of the Notes and the subordination of the subordinated Components of the
Mortgage Loan to other more senior Components of the Mortgage Loan) on a net present value basis and (b) the payment of
Trust Fund Expenses that are reimbursable or payable by the Borrowers and the Guarantor under the Mortgage Loan Agreement;
and (iii) without regard to:


 






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(A)       any
relationship that the Servicer or the Special Servicer or any Affiliate thereof may have with any Borrower Affiliate, the Trust
Loan Seller, any Companion Loan Holder, the Depositor or any of their respective Affiliates;


 


(B)       the
ownership of any Certificate or any Companion Loan or interest in any Companion Loan or other indebtedness secured by any Property
or any certificate backed by a Companion Loan by the Servicer or the Special Servicer or by any Affiliate thereof;


 


(C)       in
the case of the Servicer, its obligation to make Advances;


 


(D)       the
right of the Servicer or the Special Servicer or any Affiliate thereof to receive reimbursement of costs, compensation or other
fees (other than Advances), or the sufficiency of any compensation payable to it under this Agreement or with respect to any particular
transaction; or


 


(E)       the
ownership, servicing or management for others of any other loans or properties by the Servicer or the Special Servicer, as applicable,
or any Affiliate thereof.


 


Subject
to the above-described servicing standards (hereinafter referred to as “Accepted Servicing Practices”) and
the terms of this Agreement and of the Mortgage Loan Documents, the Servicer and the Special Servicer each shall have full power
and authority, acting alone and/or through (in the case of the Servicer) one or more sub-servicers as provided in Section 3.2,
to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary
or desirable. The Servicer and the Special Servicer shall service and administer the Mortgage Loan in accordance with applicable
state and federal law. At the written request of the Servicer or the Special Servicer, as applicable, accompanied by the form
of power of attorney or other documents being requested, the Trustee shall furnish to the Servicer or the Special Servicer any
powers of attorney and other documents necessary or appropriate to enable such Servicer or the Special Servicer to carry out its
servicing and administrative duties hereunder, and the Trustee shall not be held responsible (and shall be indemnified by the
Servicer or the Special Servicer) for any negligence or misuse by the Servicer or the Special Servicer in its uses of any such
powers of attorney or other document. Notwithstanding anything contained herein to the contrary, the Servicer and the Special
Servicer shall not without the Trustee’s and the Certificate Administrator’s prior written consent: (i) initiate any
action, suit or proceeding solely under the Trustee’s or the Certificate Administrator’s name without indicating the
representative capacity of the Servicer or the Special Servicer, as applicable, or (ii) take any action with the intent to, and
which actually does cause, the Trustee or the Certificate Administrator to be registered to do business in any state.


 


The
liability of each of the Servicer and the Special Servicer, as applicable, for actions and omissions in its capacity as Servicer
and the Special Servicer, respectively, hereunder is limited as provided herein (including, without limitation, pursuant to Section
6.3). Nothing contained in this Agreement shall be construed as an express or implied guarantee by the Servicer or the Special
Servicer of the collectibility of the Trust Loan and the Companion Loans.


 






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In
connection with each Ground Lease, the Servicer shall promptly, and in any event within sixty (60) days following the later of
receipt of the applicable Ground Lease and the Closing Date, notify the related ground lessor of the transfer of the Mortgage
Loan to the Trust Fund pursuant to this Agreement and inform such ground lessor that any notices of default under such Ground
Lease should thereafter be forwarded to the Servicer. The Servicer shall enforce the rights of the Lender under the Mortgage Loan
Agreement with respect to the Interest Rate Cap Agreement and any replacement interest rate cap agreement in accordance with Accepted
Servicing Practices.


 


3.2.       Sub-Servicing
Agreements. (a) The Special Servicer shall not engage any Sub-Servicer or enter into any sub-servicing agreement. The
Servicer, at its own expense without a right of reimbursement under this Agreement or otherwise, may enter into sub-servicing
agreements with sub-servicers for the servicing and administration of the Trust Loan and the Companion Loans, provided
that (i) any such sub-servicing agreement shall be upon such terms and conditions as are not inconsistent with this Agreement
and as the Servicer and the sub-servicer have agreed, and (ii) no sub-servicer retained by the Servicer shall grant any
modification, waiver, or amendment to the Mortgage Loan Documents without the approval of the Servicer. References in this
Agreement to actions taken or to be taken, and limitations on actions permitted to be taken, by the Servicer in servicing the
Mortgage Loan include actions taken or to be taken by a sub-servicer on behalf of the Servicer. Each sub-servicer shall be
(i) authorized to transact business and licensed in the applicable state(s), if, and to the extent, required by applicable
law to enable the sub-servicer to perform its obligations under the applicable sub-servicing agreement, and (ii) qualified to
perform its obligations under the applicable sub-servicing agreement. For purposes of this Agreement, the Servicer shall be
deemed to have received any amount when the sub-servicer receives such amount, irrespective of whether such amount is
remitted to the Servicer for deposit in the Collection Account, any Cash Management Account, any Reserve Account or the
Distribution Account, and actions taken by the sub-servicer shall be deemed to be actions of the Servicer. The Servicer shall
notify the Trustee, the Certificate Administrator, the Operating Advisor, the Borrowers and the Depositor in writing promptly
upon the appointment of any sub-servicer and promptly furnish the Trustee, upon its request, with a copy of the sub-servicing
agreement. No sub-servicer shall be permitted to enter into any sub-servicing agreement with other sub-servicers without the
prior written consent of the Servicer.


 


(b)       Notwithstanding
any sub-servicing agreement, the Servicer shall remain obligated and liable to the Trustee and the Certificateholders for the
servicing and administering of the Trust Loan and the Companion Loans in accordance with the provisions of Section 3.1
without diminution of such obligation or liability by virtue of such sub-servicing agreement, or by virtue of indemnification
from a sub-servicer, and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and
administering the Mortgage Loan.


 


(c)       Any
sub-servicing agreement entered into by the Servicer shall provide that it may be assumed or terminated by (i) the Trustee if
the Trustee has assumed the duties of the Servicer or if the Servicer is otherwise terminated pursuant to the terms of this Agreement,
or (ii) a successor Servicer if such successor Servicer has assumed the duties of the Servicer, without cost or obligation to
the Trustee, the successor Servicer, the Trust or the Trust Fund.


 






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(d)       Any
sub-servicing agreement, and any other transactions or services relating to the Mortgage Loan involving a sub-servicer, shall
be deemed to be between the Servicer and such sub-servicer alone, and the Trustee, the Certificate Administrator, the Depositor,
the Trust and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties
or liabilities with respect to the sub-servicer, and no provision herein shall be construed so as to require the Trust, the Trustee,
the Certificate Administrator, the Special Servicer or the Depositor to indemnify any such sub-servicer. Notwithstanding anything
in this Agreement to the contrary, the Servicer and the Special Servicer are permitted, at their own expense, or to the extent
that a particular expense is provided herein to be an Advance or a Trust Fund Expense, at the expense of the Trust, to utilize
other agents or attorneys typically used by servicers of mortgage loans underlying commercial mortgage-backed securities in performing
each of their obligations under this Agreement (including, but not limited to inspectors, appraisers, engineers and property managers).


 


(e)       Notwithstanding
anything herein, each of the initial Servicer and the initial Special Servicer may delegate certain of its duties and obligations
hereunder to an Affiliate of the Servicer or Special Servicer, as applicable. Such delegation shall not be considered a sub-servicing
agreement hereunder, and the requirements and obligations set forth herein applicable to sub-servicing agreements, sub-servicers
or Servicing Function Participants shall not be applicable to such arrangement. Notwithstanding any such delegation, the Servicer
and the Special Servicer shall remain obligated and liable for the performance of their respective obligations and duties under
this Agreement in accordance with the provisions hereof to the same extent and under the same terms and conditions as if each
alone were servicing and administering the Mortgage Loan as required hereby.


 


(f)       The
parties hereto acknowledge that the Mortgage Loan is subject to the terms and conditions of the Co-Lender Agreement and recognize
the respective rights and obligations of the Trust, as holder of the Trust Loan, and of the Companion Loan Holders under the Co-Lender
Agreement, including: (i) with respect to the allocation of collections on or in respect of the Mortgage Loan, and the making
of remittances, to the Trust, as holder of the Trust Loan, and to the Companion Loan Holders; (ii) with respect to the allocation
of expenses and losses relating to the Mortgage Loan to the Trust, as holder of the Trust Loan, and to the Companion Loan Holders
and (iii) to the extent provided for under the Co-Lender Agreement, the consultation rights of the Companion Loan Holders. With
respect to the Mortgage Loan, the Servicer (if the Mortgage Loan is not a Specially Serviced Mortgage Loan) or the Special Servicer
(if the Mortgage Loan has become a Specially Serviced Mortgage Loan or any Property has been converted to a Foreclosed Property)
shall prepare and provide to each Companion Loan Holder all notices, reports, statements and communications to be delivered by
the holder of the Trust Loan under the Co-Lender Agreement, and shall perform all duties and obligations to be performed by a
servicer and perform all servicing related duties and obligations to be performed by the holder of the Trust Loan pursuant to
the Co-Lender Agreement. In the event of any conflict between this Agreement and the Co-Lender Agreement, the terms of the Co-Lender
Agreement shall control with respect to the Mortgage Loan.


 


(g)       Notwithstanding
anything to the contrary herein, at no time shall the Servicer or the Trustee be required to make any advance of delinquent scheduled
monthly


 






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payments of principal or interest with respect to any Companion Loan or any Administrative Advance with respect to any
Companion Loan.


 


(h)       To
the extent required under the Loan Documents or the Co-Lender Agreement, the Servicer shall, on behalf of the Lender, maintain
a Notes register for the Mortgage Loan.


 


3.3.       Cash
Management Account. A Lockbox Account and a Cash Management Account have been established pursuant to the terms of the
Mortgage Loan Agreement, the Cash Management Agreement and the Lockbox Agreement. The Servicer shall exercise and enforce the
rights of the Trust Fund with respect to the Cash Management Account and Lockbox Account under the Mortgage Loan Agreement,
the Cash Management Agreement and the Lockbox Agreement in accordance with Accepted Servicing Practices and the other terms
of this Agreement and the other Mortgage Loan Documents.


 


3.4.       Collection
Account, Companion Loan Distribution Account and Interest Reserve Account. (a) The Servicer shall establish and maintain
in the name of “KeyBank National Association, as Servicer, on behalf of Wells Fargo Bank, National Association, as
Trustee, for the benefit of the Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial
Mortgage Pass-Through Certificates, Series 2018-WPT, Collection Account” one or more deposit accounts (the
“Collection Account”) on behalf of the Trustee for the benefit of the Certificateholders and in the name
of “KeyBank National Association, as Servicer, for the benefit of the Companion Loan Holders with respect to the J.P.
Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT,
Companion Loan Distribution Account” one deposit account for the benefit of the Companion Loan Holders (the
“Companion Loan Distribution Account”), which may be a subaccount of the Collection Account, and funds in
such account shall be remitted to the Companion Loan Holders (collectively, the “Collection Account”). The
Collection Account must be an Eligible Account maintained with an Eligible Institution. The Servicer shall deposit into the
Collection Account within two Business Days of receipt of properly identified payments and collections in respect of the
Mortgage Loan the following amounts representing payments and collections received or made during each Collection Period on
or with respect to the Mortgage Loan:


 


(i)       all
payments on account of principal on the Mortgage Loan;


 


(ii)       all
payments on account of interest on the Mortgage Loan, including Default Interest, Spread Maintenance Payments and Yield Maintenance
Premiums;


 


(iii)       any
amount representing reimbursements by the Borrowers (or the Guarantor) of Advances, interest thereon, and any other expenses of
the Depositor, the Trustee, the Certificate Administrator, the Servicer or the Special Servicer, as applicable, as required by
the Mortgage Loan Documents or hereunder;


 


(iv)       any
other amounts payable for the benefit of the Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the
Certificateholders under the Mortgage Loan;


 






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(v)       any
amounts required to be deposited pursuant to Section 3.8(b) in connection with net losses realized on Permitted Investments
with respect to funds held in the Collection Account;


 


(vi)       all
Net Foreclosure Proceeds received from the Special Servicer pursuant to Section 3.14, all Net Liquidation Proceeds, Insurance
Proceeds and Condemnation Proceeds;


 


(vii)       [Reserved];
and


 


(viii)       any
other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Servicer, including,
without limitation, any (1) proceeds of any repurchase of the Trust Loan or any portion thereof or indemnification payment pursuant
to Section 2.8(b) hereof and the Trust Loan Purchase Agreement, (2) proceeds of the sale of the Mortgage Loan by the Special
Servicer pursuant to Section 3.16 hereof or (3) amounts payable under the Mortgage Loan Documents by any Person to the
extent not specifically excluded.


 


The
foregoing requirements for deposits in the Collection Account by the Servicer shall be exclusive, it being understood and agreed
that, without limiting the generality of the foregoing, payments (if any) in the nature of Additional Compensation (other than
Default Interest and late payment charges) to which the Servicer or Special Servicer, as applicable are entitled pursuant to Section
3.17 and any reimbursement made by the Borrowers (or the Guarantor) of expenses of the Servicer or the Special Servicer need
not be deposited in the Collection Account by the Servicer or Special Servicer and, to the extent permitted by applicable law,
the Servicer or the Special Servicer, as applicable, shall be entitled to retain any such fees and expense reimbursements received
with respect to the Mortgage Loan.


 


(b)       Funds
in the Collection Account may be invested in Permitted Investments in accordance with the provisions of Section 3.8. The
Servicer shall on the Closing Date give written notice to the Certificate Administrator (with a copy to the Borrowers) of the
location and account number of the Collection Account and shall notify the Certificate Administrator in writing (with a copy to
the Borrowers) prior to any subsequent change thereof.


 


(c)       On
or prior to each Remittance Date (or following the securitization of any Companion Loan, in the case of clause (xii) below,
the earlier of (1) the Remittance Date or (2) the Business Day immediately succeeding the “determination date” set
forth in the related Other Pooling and Servicing Agreement; provided that such “determination date” shall not
be earlier than the Determination Date), prior to the remittance of funds to the Certificate Administrator for deposit in the
Distribution Account pursuant to Section 3.5(a), the Servicer shall make withdrawals from the Collection Account (which
withdrawals shall be the only permitted withdrawals from the Collection Account by the Servicer) as described below (the order
set forth below constituting an order of priority for such withdrawals):


 


(i)       to
withdraw funds deposited therein in error;


 


(ii)       to
reimburse the Trustee (and the trustee with respect to each Other


 






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Securitization Trust) and the Servicer (and the master servicer
with respect to each Other Securitization Trust), in that order, out of general collections on the Mortgage Loan for any Nonrecoverable
Advances made by each and not previously reimbursed pursuant to clause (vi)(A) below together with unpaid interest thereon
at the Advance Rate as follows: (A) first, to reimburse Nonrecoverable Advances that are Property Protection Advances and Administrative
Advances relating to the Mortgage Loan and the Properties and interest thereon; (B) second, to first reimburse Nonrecoverable
Advances that are Monthly Payment Advances on the Subordinate Fixed Rate Trust Loan (or, if applicable, the portion of the Floating
Rate Loan comprising the same Components of the Subordinate Fixed Rate Trust Loan) and interest thereon, on a pro rata
and pari passu basis, then to reimburse Nonrecoverable Advances that are Monthly Payment Advances on the Subordinate Fixed
Rate Trust Loan and interest thereon; and (C) third, to reimburse the master servicer with respect to each Other Securitization
Trust for its pro rata share of Nonrecoverable Advances previously paid from general collections on the related Other Securitization
Trust;


 


(iii)       concurrently,
to pay the Servicing Fee to the Servicer, to pay the Certificate Administrator Fee (including the portion that is the Trustee
Fee) to the Certificate Administrator, and to pay the Operating Advisor Fee to the Operating Advisor;


 


(iv)       to
pay to the Operating Advisor the Operating Advisor Consulting Fee (but only to the extent actually received from the Borrowers);


 


(v)       to
pay (a) to the Servicer, as additional compensation, any income earned (net of losses (subject to Section 3.8(b)) on the
investment of funds deposited in the Collection Account; and (b) the Special Servicing Fee, if any, the Work-out Fee, if any,
and the Liquidation Fee, if any, to the Special Servicer; provided that such fees may be paid out of other amounts on deposit
in the Collection Account to the extent Default Interest and late payment charges are not sufficient to pay such fees (with respect
to clauses (a) and (b), in that order);


 


(vi)       to
reimburse the Trustee and the Servicer, in that order, for (A) Advances made by each and not previously reimbursed from late payments
received during the applicable period on the Mortgage Loan, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and
other collections on the Mortgage Loan; provided that any Advance which has been determined to be a Nonrecoverable Advance
shall be reimbursed pursuant to clause (ii) above and (B) unpaid interest on such Advances at the Advance Rate; provided,
however, that, with respect to Advances that are not deemed to be Nonrecoverable Advances, prior to (x) final liquidation
of all Properties or (y) the final payment and release of all the Mortgages, interest on such Advances shall only be paid out
of Default Interest or late payment charges collected in the related Collection Period and after (A) final liquidation of the
Properties or (B) the final payment and release of the Mortgages, interest on such Advances may be paid out of other amounts on
deposit in the Collection Account to the extent Default Interest and late payment charges are not sufficient to pay for such interest
on Advances;


 


(vii)       to
reimburse the Trustee, the Certificate Administrator, the Servicer and the Special Servicer, in that order, for expenses incurred
by them in connection with the liquidation of any of the Properties, and not otherwise covered and paid by an insurance


 






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policy
or deducted from the proceeds of liquidation or not previously reimbursed pursuant to clauses (ii) or (v) above;


 


(viii)       to
pay to the Servicer, the Special Servicer or the Operating Advisor, as applicable, as additional compensation, (A) to the extent
actually received from the Borrowers (and permitted by (or not otherwise prohibited by) and allocated as such pursuant to the
terms of the Mortgage Loan Documents or this Agreement) and deposited into the Collection Account by the Servicer, any payments
in the nature of any late payment fees and Default Interest (to the extent remaining after payments pursuant to clause (v)
above and reimbursement of any Special Servicing Fees, Liquidation Fees or Work-out Fees), release fees, Assumption Fees,
Assumption Application Fees, substitution fees, Net Modification Fees, consent fees, review fees, amounts collected for checks
returned for insufficient funds, charges for beneficiary statements or demands, loan processing fees, loan service transaction
fees and similar fees and expenses; and (B) any income earned on the investment of funds deposited in the Collection Account and
the Foreclosed Property Account (to the extent not payable to the Borrowers); provided that such amounts received during
each Collection Period shall be deemed to have been deposited in the Collection Account and withdrawn pursuant to this clause
(vii) solely for the purpose of determining the Available Funds Reduction Amount in connection with the calculation of Available
Funds for the related Distribution Date;


 


(ix)       to
pay or reimburse the Depositor, the Trustee, the Certificate Administrator, the Servicer, the Special Servicer and the Operating
Advisor, in that order, for any indemnities, expenses and other amounts then due and payable or reimbursable to each pursuant
to the terms of this Agreement and not previously paid or reimbursed pursuant to the preceding clauses;


 


(x)       to
the extent not previously paid or advanced, to remit to the Certificate Administrator to pay (or set aside for eventual payment)
any and all taxes imposed on the Trust or the Trust Fund by federal or state governmental authorities, including without limitation
amounts paid pursuant to Section 12.1(k); provided, that, if such taxes are the result of the Depositor’s,
Servicer’s, Special Servicer’s, Operating Advisor’s, the Certificate Administrator’s or Trustee’s,
as applicable, negligence, bad faith or willful misconduct, such amounts may not be withdrawn from the Collection Account, but
shall be paid by such party that was negligent, acted in bad faith or engaged in willful misconduct pursuant to Sections 6.6
and 8.12, as applicable;


 


(xi)       to
pay CREFC® the CREFC® Intellectual Property Royalty License Fee (according to the payment instructions
set forth on Exhibit Q hereto or such other payment instructions as CREFC® may provide from time to time
in writing at least two Business Days prior to the Remittance Date); and


 


(xii)       to
pay the Companion Loan Holders any portion of such collections that are required to be distributed to the Companion Loan Holders
in respect of the Companion Loans pursuant to the terms of the Co-Lender Agreement; provided that in no event shall the
Servicer be permitted to apply any portion of collections that are required to be distributed to the Companion Loan Holders in
respect of the Companion Loans pursuant to






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the terms of the Co-Lender Agreement to pay or reimburse any CREFC® Intellectual
Property Royalty License Fee, the Certificate Administrator Fee, the Operating Advisor Fee, any Monthly Payment Advance on the
Trust Loan (or interest accrued and payable on such Monthly Payment Advance) or any Trust Fund Expenses that are not related to
the servicing and administration of the Mortgage Loan or the Properties; and


 


(xiii)       on
the first Remittance Date only, to remit to the Trust Loan Seller, the Retained Interest Amount.


 


Notwithstanding the
foregoing, with respect to any Remittance Date, in no event shall the Servicer be permitted to make a withdrawal pursuant to clauses
3.4(c)(iii), (v)(b), (vi), (vii), (ix) or (xi) above if, as a result of such
withdrawal, the amount on deposit in the Collection Account after giving effect to such withdrawal would be less than the
Required Advance Amount; provided that the Servicer shall be permitted to make withdrawals in the order of priority
specified above up to the amount on deposit in the Collection Account that would result in funds equaling or exceeding the
Required Advance Amount remaining in the Collection Account. Notwithstanding the foregoing, such withdrawal limitations shall
not apply (and accrued amounts previously eligible for withdrawal pursuant to clauses (iii), (v)(b), (vi), (vii), (ix)
or (xi) but which remain unpaid due to the operation of this paragraph may then be withdrawn and paid) upon (1) the
final liquidation of the Mortgage Loan or all the Properties, (2) the final payment of the Mortgage Loan and release of the
Mortgages or (3) the determination that any Advance that would increase the currently unreimbursed Advances in the aggregate
such that it would be a Nonrecoverable Advance.


 


The
Servicer shall pay to the Certificate Administrator and the Trustee and advance or pay to the Special Servicer, if applicable,
from the Collection Account, as provided above, amounts permitted to be paid to the Special Servicer, the Certificate Administrator
and the Trustee therefrom, promptly upon receipt of certificates of a Responsible Officer of the Certificate Administrator or
the Trustee or an officer of the Special Servicer describing the item and amount to which the Special Servicer, the Certificate
Administrator and the Trustee, as the case may be, are entitled unless such payment to the Special Servicer, the Certificate Administrator
or the Trustee, as the case may be, is clearly required pursuant to this Agreement, in which case a written certificate shall
not be required. The Servicer may rely conclusively on any such certificate, shall have no duty to recalculate the amounts stated
therein and shall have no liability if the amount paid in reliance thereon is an amount to which the Special Servicer, the Certificate
Administrator or the Trustee, as applicable, is not entitled.


 


Upon
the determination that a previously made Advance is a Nonrecoverable Advance, to the extent that the reimbursement thereof would
exceed the full amount of the principal portion of general collections on the Mortgage Loan deposited in the Collection Account
and available for distribution on the next Distribution Date, the Servicer or the Trustee, each at its own option and in its sole
discretion, as applicable, instead of obtaining reimbursement for the remaining amount of such Nonrecoverable Advance pursuant
to this Section 3.4(c) immediately, may elect to refrain from obtaining such reimbursement for such portion of the Nonrecoverable
Advance during the Collection Period ending on the then-current Determination Date for successive one-month periods for a total
period not to exceed 12 months. If the Servicer or the Trustee makes such an election at its sole option and in its sole discretion
to






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defer reimbursement with respect to all or a portion of a Nonrecoverable Advance (together with interest thereon), then such
Nonrecoverable Advance (together with interest thereon) or portion thereof shall continue to be fully reimbursable in the subsequent
Collection Period (subject, again, to the same sole discretion to elect to defer; it is acknowledged that, in such a subsequent
period, such Nonrecoverable Advance shall again be payable first from Principal collections as described above prior to
payment from other collections). In connection with a potential election by the Servicer or the Trustee to refrain from the reimbursement
of a particular Nonrecoverable Advance or portion thereof during the one-month Collection Period ending on the related Determination
Date for any Distribution Date, the Servicer or the Trustee shall further be authorized (in its sole discretion) to wait for Principal
collections on the Trust Loan and the Companion Loans to be received before making its determination of whether to refrain from
the reimbursement of a particular Nonrecoverable Advance (or portion thereof) until the end of such Collection Period; provided,
however, that if, at any time Servicer or the Trustee elects, in its sole discretion, not to refrain from obtaining such
reimbursement or otherwise determines that the reimbursement of a Nonrecoverable Advance during a one month collection period
will exceed the full amount of the principal portion of general collections deposited in the Collection Account for such Distribution
Date, then the Servicer or the Trustee, as applicable, shall use its reasonable efforts to give notice of its election to the
17g-5 Information Provider (who shall promptly post such notice to the 17g-5 Information Provider’s Website pursuant to
Section 8.14(b) of this Agreement), at least 15 days prior to any reimbursement to it of Nonrecoverable Advances from amounts
in the Collection Account allocable to interest on the Mortgage Loan unless extraordinary circumstances make such notice impractical,
and thereafter shall deliver such notice to the 17g-5 Information Provider (who shall promptly post such notice to the 17g-5 Information
Provider’s Website pursuant to Section 8.14(b) of this Agreement) as soon as reasonably practical thereafter. Neither
the Servicer nor the Trustee shall have any liability for any loss, liability or expense resulting from any notice provided to
each Rating Agency contemplated by the immediately preceding sentence. Notwithstanding the foregoing, the failure to give such
notice shall in no way affect the Servicer’s or the Trustee’s election as to whether to refrain from obtaining reimbursement
pursuant to this Section 3.4(c).


 


The
foregoing shall not, however, be construed to limit any liability that may otherwise be imposed on such Person for any failure
by such Person to comply with the conditions to making such an election under this section or to comply with the terms of this
section and the other provisions of this Agreement that apply once such an election, if any, has been made, provided, however,
that the fact that a decision to recover such Nonrecoverable Advances over time, or not to do so, benefits some classes of Certificateholders
to the detriment of other classes shall not, with respect to the Servicer constitute a violation of Accepted Servicing Practices
and/or with respect to the Trustee (solely in its capacity as Trustee), constitute a violation of any fiduciary duty to Certificateholders
or any contractual obligation hereunder. If the Servicer or the Trustee, as applicable, determines, in its sole discretion, that
its ability to fully recover the Nonrecoverable Advances has been compromised, then the Servicer or the Trustee, as applicable,
shall be entitled to immediate reimbursement of Nonrecoverable Advances with interest thereon at the Advance Rate from all amounts
in the Collection Account for such Distribution Date (deemed first from principal and then interest). Any such election
by any such party to refrain from reimbursing itself or obtaining reimbursement for any Nonrecoverable Advance or portion thereof
with respect to any one or more collection periods shall not limit the accrual of interest at the Advance Rate on such Nonrecoverable
Advance for


 






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the period prior to the actual reimbursement of such Nonrecoverable Advance. The Servicer’s or the Trustee’s,
as applicable, agreement to defer reimbursement of such Nonrecoverable Advances as set forth above is an accommodation to the
Certificateholders and shall not be construed as an obligation on the part of the Servicer or the Trustee, as applicable, or a
right of the Certificateholders. Nothing herein shall be deemed to create in the Certificateholders a right to prior payment of
distributions over the Servicer’s or the Trustee’s, as applicable, right to reimbursement for Advances (deferred or
otherwise) and accrued interest thereon. In all events, the decision to defer reimbursement or to seek immediate reimbursement
of Nonrecoverable Advances shall be deemed to be in accordance with Accepted Servicing Practices and none of the Servicer, the
Trustee or the other parties to this Agreement shall have any liability to one another or to any of the Certificateholders or
any of the Companion Holders for any such election that such party makes as contemplated by this section or for any losses, damages
or other adverse economic or other effects that may arise from such an election.


 


(d)       To
the extent sufficient funds are on deposit therein, the Servicer shall withdraw from the Collection Account and pay the CREFC®
Intellectual Property Royalty License Fee to CREFC® in accordance with Section 3.4(c)(xi) on a monthly
basis, solely from funds on deposit in the Collection Account.


 


(e)       The
Certificate Administrator shall establish and maintain a reserve account (which may be a subaccount of the Distribution Account)
(the “Interest Reserve Account”) in its own name on behalf of the Trustee for the benefit of the Certificateholders
(other than the Series FL Certificates). The Interest Reserve Account must be an Eligible Account maintained with an Eligible
Institution. Funds on deposit in the Interest Reserve Account shall be uninvested. On each Distribution Date occurring in any
February and on any Distribution Date occurring in any January that occurs in a year that is not a leap year (unless, in either
case, such Distribution Date is the final Distribution Date), the Certificate Administrator shall deposit into the Interest Reserve
Account an amount equal to one day’s net interest collected on the then-outstanding principal balance of the Fixed Rate
Trust Loan (to the extent the Fixed Rate Trust Loan remains outstanding) as of the Payment Date occurring in the month preceding
the month in which such Distribution Date occurs at the respective Component Rate (net of interest at the Servicing Fee Rate applicable
to the Fixed Rate Trust Loan, the Certificate Administrator Fee Rate (including the portion that is the Trustee Fee Rate), the
Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate and exclusive of Default
Interest in each case allocable to the Fixed Rate Trust Loan) to the extent a full Monthly Payment, Assumed Monthly Payment or
Monthly Payment Advance is made in respect thereof (all amounts so deposited in any consecutive January and February, “Withheld
Amounts”). On each Remittance Date occurring in March (or February, if the related Distribution Date is the final Distribution
Date), the Certificate Administrator shall withdraw from the Interest Reserve Account an amount equal to the Withheld Amounts
from the preceding January and February, if any, and transfer such amounts into the Distribution Account.


 


3.5.       Distribution
Account. (a) The Certificate Administrator shall establish and maintain in the name of “Wells Fargo Bank, National
Association”, as Certificate Administrator, on behalf of “Wells Fargo Bank, National Association”, as the
Trustee, and for the benefit of the Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial
Mortgage Pass-Through Certificates, Series 2018-WPT, a deposit account


 






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(the “Distribution Account”), which
shall be deemed to include the Lower-Tier Distribution Account and the Upper-Tier Distribution Account, which shall be
subaccounts of the Distribution Account for the benefit of the Certificateholders and the Trustee, as Holder of the
Uncertificated Lower-Tier Interests. The Distribution Account must be an Eligible Account maintained with an Eligible
Institution. On each Remittance Date, the Servicer shall transfer from the Collection Account to the Certificate
Administrator for deposit into the Distribution Account all Available Funds remaining on deposit therein, after giving effect
to the withdrawals made pursuant to Section 3.4(c). The Certificate Administrator shall credit the funds remitted by
the Servicer from the Collection Account to the Distribution Account.


 


Amounts
held in the Distribution Account and the Interest Reserve Account shall not be invested.


 


The
Certificate Administrator shall make withdrawals from the Distribution Account to withdraw any amounts deposited in error, to
withdraw amounts due to it under Section 3.4(c), to the extent such amounts were not withdrawn and paid to it by the Servicer
under Section 3.4(c), and then to make distributions to the Holders of the Certificates pursuant to Section 4.1.


 


(b)       The
Certificate Administrator shall make or be deemed to have made withdrawals from the Lower-Tier Distribution Account in the following
order of priority and only for the following purposes:


 


(i)       to
make deposits of the Lower-Tier Distribution Amount pursuant to Section 4.1(b) and Section 4.3(b) into the Upper-Tier
Distribution Account and to make distributions to the Holder of the Class R Certificates (in respect of the Class LT-R Interest)
pursuant to Section 4.1(b);


 


(ii)       to
withdraw amounts deposited into the Lower-Tier Distribution Account in error and pay such amounts to the Persons entitled thereto;
and


 


(iii)       to
clear and terminate the Lower-Tier Distribution Account pursuant to Section 10.1.


 


(c)       The
Certificate Administrator shall make withdrawals from the Upper-Tier Distribution Account in the following order of priority and
only for the following purposes:


 


(i)       to
withdraw amounts deposited in error and to withdraw amounts due to it and the Trustee under Section 3.4(c), to the extent
such amounts were not withdrawn and paid to it by the Servicer under Section 3.4(c);


 


(ii)       to
make distributions to Holders of the Regular Certificates and the Class R Certificates (in respect of the Class UT-R Interest)
on each Distribution Date pursuant to Section 4.1 or Section 10.2, as applicable; and


 


(iii)       to
clear and terminate the Upper-Tier Distribution Account at the termination of this Agreement pursuant to Section 10.1.


 


 






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3.6.       Foreclosed
Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (the
“Foreclosed Property Account”) in the name of either (a) “KeyBank National Association, as Special
Servicer, on behalf of Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of J.P. Morgan
Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT,
Foreclosed Property Account” related to each Foreclosed Property, if any, held in the name of the Special Servicer on
behalf of the Trustee for the benefit of the Certificateholders and the Companion Loan Holders or (b) the limited liability
company wholly owned by the Trust and managed by the Special Servicer, formed to hold title to such Foreclosed Property
pursuant to Section 3.14. Each Foreclosed Property Account must be an Eligible Account maintained with an Eligible
Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt
of all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed
Property. On or before the last day of each Collection Period, the Special Servicer shall withdraw the funds in any
Foreclosed Property Account, net of certain expenses and/or reserves (the amount of such expenses and/or reserves as
determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in
accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the
location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing
prior to any subsequent change thereof.


 


3.7.       Appraisal
Reductions. (a) Within 60 days after the occurrence of an Appraisal Reduction Event, the Special Servicer shall (i)
notify the Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and, so long as no Consultation
Termination Event has occurred, the Directing Certificateholder, of such occurrence of an Appraisal Reduction Event, (ii)
order (which order shall be placed within 30 days of the occurrence of the Appraisal Reduction Event) and use efforts
consistent with Accepted Servicing Practices to obtain an Appraisal of the Properties (provided that the Special
Servicer will not be required to obtain an Appraisal of any Property with respect to which there exists an Appraisal which
was performed less than nine (9) months prior to the Appraisal Reduction Event and the Special Servicer does not have
knowledge of any material change in the market or condition or value of such Property, since the date of such Appraisal),
(iii) determine whether there exists any Appraisal Reduction Amount on the basis of such Appraisal, and receipt of
information reasonably requested by the Special Servicer from the Servicer necessary to calculate the Appraisal Reduction
Amount and (iv) allocate the Appraisal Reduction Amount to the Trust Loan and the Companion Loans and give reasonably prompt
notice of such Appraisal Reduction Amount, the Trust Appraisal Reduction Amount and the portion of the Appraisal Reduction
Amount allocated to the Companion Loans to the Companion Loan Holder (or, in the case of a Companion Loan that is part of an
Other Securitization Trust, the master servicer, special servicer and trustee with respect to such Other Securitization
Trust), the Trustee, the Certificate Administrator (to the extent not already reported to such parties on the
CREFC® Reports provided by the Servicer and posted on the Certificate Administrator’s website) and the
Operating Advisor. The cost of obtaining such Appraisals shall be paid by the Servicer as a Property Protection Advance or an
Administrative Advance unless it would constitute a Nonrecoverable Advance and in such case, as a Trust Fund Expense. Updates
of such Appraisals shall be obtained by the Special Servicer, and paid for by the Servicer as a Property Protection Advance
or an Administrative Advance (or paid for by the Trust if the Servicer


 






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determines that such Advance would constitute a Nonrecoverable Advance) every nine (9) months for so long as an
Appraisal Reduction Event exists, and the Appraisal Reduction Amount shall be adjusted accordingly. If required in accordance
with any such adjustment, each Class of Certificates that has been notionally reduced as a result of Trust Appraisal Reduction
Amounts shall have its related Certificate Balance notionally restored by the Certificate Administrator or the Trustee to the
extent required by such adjustment of the Trust Appraisal Reduction Amount, and there shall be a redetermination of whether a
Control Event has occurred. Any such Appraisal obtained under this Section shall be delivered by the Special Servicer to the Trustee,
the Certificate Administrator, the Operating Advisor and, prior to the occurrence and continuance of a Consultation Termination
Event, the Directing Certificateholder, in electronic format, and the Certificate Administrator shall make such Appraisal available
to Privileged Persons pursuant to Section 8.14(b). The Servicer shall provide (via electronic delivery) the Special Servicer
with information in its possession that is reasonably required to calculate or recalculate any Appraisal Reduction Amount pursuant
to the definition thereof, using reasonable efforts to deliver such information within four (4) Business Days of the Special Servicer’s
written request (which request shall be made promptly, but in no event later than ten (10) Business Days, after the Special Servicer’s
receipt of the applicable Appraisal or preparation of the applicable internal valuation) provided, however, that
the Special Servicer’s failure to timely make such a request shall not relieve the Servicer of its obligation to provide
such information to the Special Servicer in the manner and timing set forth in this sentence. Accordingly, the Special Servicer
shall not be obligated to calculate, recalculate, determine or redetermine any Appraisal Reduction Amount until such time as it
receives from the Servicer the information reasonably required by the Special Servicer to make such calculation, recalculation,
determination or redetermination. The Servicer shall not calculate Appraisal Reduction Amounts.


 


(b)       While
any Trust Appraisal Reduction Amount (or deemed Trust Appraisal Reduction Amount) exists, (i) the amount of any Monthly Payment
Advances shall be reduced as provided in Section 3.23(a), (ii) the existence thereof (other than any deemed Trust Appraisal
Reduction Amount calculated pursuant to Section 3.7(e)) will be taken into account for purposes of determining the Voting
Rights of certain Classes of Certificates as provided in Section 3.7(c) and (iii) except with respect to any deemed Trust
Appraisal Reduction Amount pursuant to Section 3.7(e), there shall be a determination of whether a Control Event has occurred.


 


(c)       The
Certificate Balance of each Class of Regular Certificates (other than the Class A and X Certificates) shall be notionally reduced
solely for purposes of determining (x) the Voting Rights of the related Classes to the extent set forth in this Agreement (except
by any deemed Trust Appraisal Reduction Amounts), (y) the amount of Monthly Payment Advances required to be made by the Servicer
(or the Trustee) pursuant to Section 3.23 and (z) whether a Control Event or Consultation Termination Event has occurred
and is continuing to the extent of any Trust Appraisal Reduction Amount allocated to such Class on such Distribution Date (except
by any deemed Appraisal Reduction Amounts). The Trust Appraisal Reduction Amount for any Distribution Date shall be applied to
notionally reduce the Certificate Balances of the Regular Certificates (other than the Class A and Class X Certificates) in the
following order of priority: first, pro rata, based on the Class HRR (FL Component) Balance and the Class HRR (FX
Component) Balance, to the Class HRR Certificates, and pro rata between the Class HRR (FL Component) and Class HRR (FX
Component) based on the Class HRR (FL Component) Balance and the Class HRR (FX Component) Balance, second, pro rata,
based on their outstanding


 






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Certificate Balances, to the Class H Certificates, third, pro rata, based on their outstanding
Certificate Balances, to the Class G Certificates, fourth, pro rata, based on their outstanding Certificate Balances,
to the Class F Certificates, fifth, pro rata, based on their outstanding Certificate Balances, to the Class E Certificates,
sixth, pro rata, based on their outstanding Certificate Balances, to the Class D Certificates, seventh, pro
rata, based on their outstanding Certificate Balances, to the Class C Certificates, and eighth, pro rata, based
on their outstanding Certificate Balances, to the Class B Certificates; provided that no Certificate Balance in respect
of any such Class may be notionally reduced below zero. Trust Appraisal Reduction Amounts shall not be applied to notionally reduce
the Certificate Balance of any Class of Class A Certificates.


 


(d)       In
the event that a portion of one or more Monthly Payment Advances with respect to the Trust Loan is reduced as a result of an Appraisal
Reduction Event, the amount of the Net Liquidation Proceeds to be applied to interest on the Trust Loan shall be reduced by the
aggregate amount of such reductions and the portion of such Net Liquidation Proceeds to be applied to principal of the Trust Loan
shall be increased by such amount, and if the amounts of the Net Liquidation Proceeds to be applied to principal of the Trust
Loan have been applied to pay the principal of the Trust Loan in full, any remaining Net Liquidation Proceeds shall then be applied
to pay any remaining accrued and unpaid interest on the Trust Loan in accordance with Section 1.3.


 


(e)       If
(i) an Appraisal Reduction Event has occurred, (ii) either (A) no Appraisals or updates of the Appraisals have been obtained or
conducted with respect to each Property or Foreclosed Property, as the case may be, during the nine-month period prior to the
date of such Appraisal Reduction Event or (B) a material change in the circumstances surrounding the related Property or Foreclosed
Property, as the case may be, has occurred since the date of the most recent Appraisal that would materially adversely affect
the value of the Property or Foreclosed Property, as the case may be, and (iii) no new Appraisal has been obtained or conducted
for any Property or Foreclosed Property, as the case may be, within 60 days after the Appraisal Reduction Event, then (x) until
each new Appraisal is conducted, the Appraisal Reduction Amount for the related Property shall be deemed to be equal to 25% of
the total Allocated Mortgage Loan Amount for that Property or Foreclosed Property, as the case may be, and (y) upon receipt or
performance of the new Appraisal by the Special Servicer, the Appraisal Reduction Amount for that Property or Foreclosed Property,
as the case may be, shall be recalculated in accordance with the definition of Appraisal Reduction Amount. Such deemed Appraisal
Reduction Amount shall be allocated to the Components comprising the Floating Rate Loan, the Senior Fixed Rate Trust Loan, the
Subordinate Fixed Rate Trust Loan and the Companion Loans in the same manner in which the actual Appraisal Reduction Amount is
allocated to the Notes. Notwithstanding the foregoing, such deemed Trust Appraisal Reduction Amounts shall not be allocated to
any Class of Certificates for purposes of (i) determining whether a Control Event has occurred and is continuing or (ii) allocating
Voting Rights; provided, however, this sentence shall not affect in any manner the effect of Trust Appraisal Reduction
Amounts based upon anything other than clause (x) of the preceding sentence, including when the related Appraisals are
received.


 


With
respect to any Appraisal Reduction Amount calculated for purposes of determining an Appraisal Reduction Event, the appraised value
(as determined by an updated


 






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Appraisal) of the Properties securing the Mortgage Loan will be determined on an “as-is”
basis, based upon the current physical condition, use and zoning of the related Properties as of the date of the Appraisal.


 


If
the Certificate Balance of the Class HRR Certificates (taking into account the application of any Trust Appraisal Reduction Amounts
(other than any deemed Trust Appraisal Reduction Amount pursuant to Section 3.7(e)) to notionally reduce the Certificate
Balance of such Class) has been reduced to less than 25% of its initial Certificate Balance, such Class will be referred to as
the “Appraised-Out Class”. The Holders of the majority (by Certificate Balance) of an Appraised-Out Class shall
have the right, at their sole expense, to require the Special Servicer to order a second Appraisal of the Properties (such Holders,
the “Requesting Holders”). The Special Servicer shall use commercially reasonable efforts to ensure that such
Appraisal is delivered within 60 days from receipt of the Requesting Holders’ written request and shall ensure that such
Appraisal is prepared by an Independent Appraiser.


 


In
addition, if subsequent to the Class HRR Certificates becoming an Appraised-Out Class there is a material change with respect
to any Property related to the Appraisal Reduction Amounts that caused such Class to become an Appraised-Out Class, the Requesting
Holders shall have the right to request, in writing, that the Special Servicer obtain an additional Appraisal, which request shall
set forth the Requesting Holder’s belief of what constitutes a material change to the related Property (including any related
documentation). The costs of obtaining such additional Appraisal shall be paid by the Requesting Holders. Subject to the Special
Servicer’s confirmation, determined in accordance with Accepted Servicing Practices, that there has been a change with respect
to such Property and such change was material, the Special Servicer shall order another Appraisal from an Independent Appraiser,
the identity of which shall be determined by the Special Servicer in accordance with Accepted Servicing Practices (provided
that such Independent Appraiser may not be the same Independent Appraiser that provided the Appraisal in respect of which
the Requesting Holders are requesting the Special Servicer to obtain an additional Appraisal), and shall recalculate such Appraisal
Reduction Amount based upon such second Appraisal. If required by any such recalculation, the Appraised-Out Class shall be reinstated
as the Controlling Class. Appraisals that are permitted to be requested by any Appraised-Out Class shall be in addition to any
Appraisals that the Special Servicer may otherwise be required to obtain in accordance with Accepted Servicing Practices upon
the occurrence of such material change or that the Special Servicer is otherwise required or permitted to order under this Agreement
without regard to any Appraisal requests made by any Requesting Holder.


 


Upon
receipt of any supplemental Appraisal pursuant to the two preceding paragraphs, the Special Servicer shall recalculate the Appraisal
Reduction Amount and the Trust Appraisal Reduction Amount based upon such second Appraisal. If required by any such recalculation,
the Appraised-Out Class shall be reinstated as the Controlling Class and the Appraised-Out Class shall have its Certificate Balance
notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount and the Trust Appraisal Reduction
Amount.


 


Any
Appraised-Out Class for which the Requesting Holders are challenging the Special Servicer’s Appraisal Reduction Amounts
determination may not exercise any rights of


 






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the related Controlling Class until such time, if any, as such Class is reinstated
as the Controlling Class.


 


3.8.       Investment
of Funds in the Collection Account and Any Foreclosed Property Account. (a) The Servicer, with respect to the Collection
Account and the Reserve Accounts, and the Special Servicer, with respect to any Foreclosed Property Account, may direct any
depository institution maintaining the Collection Account, any Foreclosed Property Account and any Reserve Account (to the
extent interest is not payable to the Loan Parties under applicable law or the Mortgage Loan Documents), respectively (each,
for purposes of this Section 3.8, an “Investment Account”), to invest the funds in such Investment
Account in one or more Permitted Investments that bear interest or are sold at a discount, and that mature, unless payable on
demand, no later than the Business Day preceding the date on which such funds are required to be withdrawn from such
Investment Account pursuant to this Agreement. Any direction by the Servicer or Special Servicer, as applicable, to invest
funds on deposit in an Investment Account shall be in writing and shall certify that the requested investment is a Permitted
Investment which matures at or prior to the time required hereby or is payable on demand. All such Permitted Investments
shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the
name of the Trustee (in its capacity as such) or in the name of a nominee of the Trustee. The Trustee shall have sole control
(except with respect to investment direction, which shall be in the control of the Servicer (or the Special Servicer, with
respect to any Foreclosed Property Accounts) as an independent contractor to the Trust Fund) over each such investment and
any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent
(which shall initially be the Servicer or Special Servicer, as applicable), together with any document of transfer, if any,
necessary to transfer title to such investment to the Trustee or its nominee. The Trustee shall have no responsibility or
liability with respect to the investment directions of the Servicer or Special Servicer or any losses resulting therefrom,
whether from Permitted Investments or otherwise. In the event amounts on deposit in an Investment Account are at any time
invested in a Permitted Investment payable on demand, the Servicer and Special Servicer, as applicable, shall:


 


(i)       consistent
with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted Investment
may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount
required to be withdrawn on such date; and


 


(ii)       demand
payment of all amounts due thereunder promptly upon determination by the Servicer or Special Servicer, as applicable, that such
Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the related Investment
Account.


 


(b)       All
net income and gain realized from investment of funds deposited in the Collection Account and the Reserve Accounts (to the extent
not payable to the Borrowers under applicable law or the Mortgage Loan Documents) shall be for the benefit of the Servicer in
accordance with the terms and priorities of this Agreement. All net income and gain realized from investment of funds deposited
in the Foreclosed Property Account shall be for the benefit of the Special Servicer. Any net losses on funds in the Collection
Account, the Reserve


 






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Accounts (except, in the case of any such loss with respect to a Reserve Account, to the extent any such
losses are incurred on amounts invested for the benefit of the Borrowers under the terms of the Mortgage Loan Documents) or the
Foreclosed Property Account shall be reimbursed by the Servicer or the Special Servicer, as applicable, from its own funds promptly,
but in any event on or prior to the Remittance Date following the realization of such loss. Notwithstanding the above, neither
the Servicer nor the Special Servicer shall be required to deposit any loss on an investment of funds in an Investment Account
if such loss (i) was incurred solely as a result of the insolvency of the federal or state chartered depository institution or
trust company that holds such Investment Account, so long as such depository institution or trust company satisfied the qualifications
set forth in the definition of “Eligible Institution” included in Section 1.1 at the time such investment was
made, (ii) such loss was incurred within thirty (30) days of the date of such insolvency, (iii) such loss is not the result of
fraud, negligence or the willful misconduct of the Servicer or the Special Servicer, as applicable and (iv) and such institution
was not an Affiliate of the Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor or the Trustee,
as applicable.


 


(c)       Except
as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted Investment,
or if a default occurs in any other performance required under any Permitted Investment, the Servicer shall take such action as
may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings.
In the event the Servicer takes any such action, the Trust Fund shall pay or reimburse the Servicer, pursuant to Section 3.4(c),
for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Servicer in connection therewith.


 


(d)       For
the avoidance of doubt, the Collection Account, the Foreclosed Property Account, the Interest Reserve Account and the Lower-Tier
Distribution Account (including interest, if any, earned on the investment of funds in such accounts) will be owned by the Lower-Tier
REMIC, and the Upper-Tier Distribution Account (including interest, if any, earned on the investment of funds in such account)
will be owned by the Upper-Tier REMIC, each for federal income tax purposes.


 


3.9.       Payment
of Taxes, Assessments, etc. The Servicer (other than with respect to a Foreclosed Property) and the Special Servicer (with
respect to any Foreclosed Property) shall maintain, accurate records with respect to the Properties (or such Foreclosed Property,
as the case may be) reflecting the status of taxes, assessments, charges and other similar items that are or may become a lien
on any of the Properties (or such Foreclosed Property, as the case may be) and the status of insurance premiums payable in respect
of insurance policies required to be maintained pursuant to Section 3.11 hereof. The Servicer shall obtain, from time to time,
all bills for the payment of such items (including renewal premiums). The Servicer shall pay real estate taxes, insurance premiums
and other similar items from funds in the applicable Reserve Account in accordance with the Mortgage Loan Agreement at such time
as may be required by the Mortgage Loan Documents. If the Loan Parties do not make the necessary payments and/or a Mortgage Loan
Event of Default has occurred and amounts in the applicable Reserve Account are insufficient to make such payments, the Servicer
shall make a Property Protection Advance, subject to the determination of non-recoverability provided in Section 3.23, from its
own funds for amounts payable with respect to all such items related to the


 






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Property when and as the same shall become due and payable. The
Servicer shall ensure that the amount of funds in the applicable Reserve Account is increased when and if applicable taxes, assessments,
charges and other similar items, ground rents or insurance premiums are increased, in accordance with the terms of the Mortgage
Loan Agreement.


 


3.10.       Appointment
of Special Servicer. (a) KeyBank National Association, is hereby appointed as the initial Special Servicer to service the
Mortgage Loan while a Special Servicing Loan Event has occurred and is continuing and perform the other obligations of the
Special Servicer hereunder.


 


(b)       If
there is a Special Servicer Termination Event with respect to any Special Servicer, such Special Servicer may be removed and replaced
pursuant to Sections 7.1 and 7.2. The Trustee shall, promptly after receiving notice of any such Special Servicer
Termination Event notify the Servicer, the Companion Loan Holders, the Certificate Administrator (which shall post such notice
on the Certificate Administrator’s Website in accordance with Section 8.14(b)) and the 17g-5 Information Provider
(which shall post such notice on the 17g-5 Information Provider’s Website in accordance with Section 8.14(b)). The
appointment of any such successor Special Servicer shall not relieve the Servicer or the Trustee of their respective obligations
to make Advances as set forth herein; provided, however, the initial Special Servicer specified above shall not
be liable for any actions or any inaction of such successor Special Servicer. No termination fee shall be payable to the terminated
Special Servicer. No termination of the Special Servicer and appointment of a successor Special Servicer shall be effective until
the successor Special Servicer has assumed all of its responsibilities, duties and liabilities hereunder in writing, and a Rating
Agency Confirmation with respect to such appointment has been delivered to the Trustee and the Certificate Administrator and their
respective counterparts with respect to each Other Securitization Trust. Any successor Special Servicer shall be deemed to make
the representations and warranties provided for in Section 2.5 mutatis mutandis as of the date of its succession.
The terminated Special Servicer shall retain all rights accruing to it under this Agreement, including the right to receive fees
accrued prior to its termination and other amounts payable to it (including indemnification payments).


 


(c)       Upon
determining that a Special Servicing Loan Event has occurred and is continuing, the Servicer shall promptly give notice thereof
to each other party hereto and the Servicer shall use its reasonable efforts to provide the Special Servicer with all information,
documents (but excluding the original documents constituting the Mortgage File) and records (including records stored electronically
on computer tapes, magnetic discs and the like) relating to the Mortgage Loan and reasonably requested by the Special Servicer
to enable it to assume its duties hereunder with respect thereto (and concurrently provide a copy of such Mortgage File, exclusive
of all Privileged Information, to the Operating Advisor). The Servicer shall use its reasonable efforts to comply with the preceding
sentence within five (5) Business Days of the date that a Special Servicing Loan Event has occurred. The Servicer in any event
shall continue to act as Servicer and administrator of the Mortgage Loan until the Special Servicer has commenced the servicing
of the Mortgage Loan, which shall occur upon the receipt by the Special Servicer of the information, documents and records referred
to in the preceding sentence. The Special Servicer shall instruct the Loan Parties to continue to remit all payments in respect
of the Mortgage Loan to the Servicer. The Servicer shall forward any notices it would otherwise


 






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send to the Loan Parties under
the Mortgage Loan to the Special Servicer who shall send such notice to the Loan Parties while a Special Servicing Loan Event
has occurred and is continuing.


 


(d)       Upon
determining that a Special Servicing Loan Event is no longer continuing, the Special Servicer shall promptly give notice thereof
to the Companion Loan Holders and each other party hereto, and upon giving such notice such Special Servicing Loan Event shall
cease, the Special Servicer’s obligation to service the Mortgage Loan shall terminate and the obligations of the Servicer
to service and administer the Mortgage Loan shall resume and the Special Servicer shall return all of the information and materials
furnished to the Special Servicer pursuant to Section 3.10(c) to the Servicer.


 


(e)       In
making a Major Decision or in servicing the Mortgage Loan during the continuance of a Special Servicing Loan Event, the Special
Servicer shall provide to the Custodian originals of documents entered into in connection therewith that are required to be included
within the definition of “Mortgage File” for inclusion in the Mortgage File (to the extent such documents are
in the possession of the Special Servicer) and copies of any additional related Mortgage Loan information, including correspondence
with the Loan Parties, and the Special Servicer shall promptly provide copies of all of the foregoing to the Servicer as well
as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer; provided that, such
materials shall not include any Privileged Information.


 


(f)       During
any period in which a Special Servicing Loan Event is continuing, not later than 4:00 p.m. (New York Time) on each Determination
Date, the Special Servicer shall deliver to the Servicer, to the extent the Servicer has not previously received and to the extent
not included in the CREFC® Special Servicer Loan File a written statement describing (i) the amount of all payments
on account of interest received on the Mortgage Loan, the amount of all payments on account of principal received on the Mortgage
Loan, the amount of Insurance Proceeds, Condemnation Proceeds and Net Liquidation Proceeds received, the amount of any Foreclosure
Proceeds received with respect to any Property, and the amount of net income or net loss, as determined from management of a trade
or business on, the furnishing or rendering of a non-customary service to the tenants of, or the receipt of any rental income
that does not constitute Rents from Real Property with respect to, any Foreclosed Property, in each case in accordance with Section
12.2 and (ii) such additional information relating to the Mortgage Loan as the Servicer or Certificate Administrator reasonably
requests to enable it to perform its duties under this Agreement.


 


(g)       [Reserved.]


 


(h)       Notwithstanding
the provisions of the preceding subsection (c), the Servicer shall maintain ongoing payment records with respect to the
Mortgage Loan and shall provide the Special Servicer with any information reasonably required by the Special Servicer to perform
its duties under this Agreement.


 


(i)       Within
sixty (60) days after the occurrence of a Special Servicing Loan Event (the “Initial Delivery Date”), the Special
Servicer shall prepare a report (an “Asset Status Report”) for the Mortgage Loan and the Properties and shall
amend, update or create a new Asset Status Report to the extent that during the course of the resolution of the Mortgage Loan


 






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material changes in the circumstances and/or strategy reflected in any current Final Asset Status Report are necessary to reflect
the then current circumstances and recommendation as to how the Specially Serviced Mortgage Loan might be returned to performing
status or otherwise liquidated in accordance with Accepted Servicing Practices (each such report a “Subsequent Asset
Status Report”). The Special Servicer shall deliver each Final Asset Status Report in electronic form to: (i) the Servicer,
(ii) the Directing Certificateholder (but only so long as no Consultation Termination Event has occurred), (iii) the Operating
Advisor, (iv) the 17g-5 Information Provider in accordance with Section 8.14(b) (who shall promptly post it to the 17g-5
Information Provider’s Website pursuant to Section 8.14(b)) and (v) the Companion Loan Holders. Such Asset Status
Report shall set forth the following information (other than Privileged Information) to the extent reasonably determinable:


 


(i)       summary
of the status of the Mortgage Loan and any negotiations with the Loan Parties;


 


(ii)       a
discussion of the legal and environmental considerations reasonably known at such time to the Special Servicer, consistent with
Accepted Servicing Practices, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related
guaranties or other collateral for the Mortgage Loan and whether outside legal counsel has been retained;


 


(iii)       the
most current rent roll and income or operating statement available for the Properties;


 


(iv)       the
Special Servicer’s recommendations on how the Mortgage Loan might be returned to performing status and returned to the Servicer
for regular servicing or otherwise realized upon;


 


(v)       the
appraised value of the Properties together with the appraisal or the assumptions used in the calculation thereof;


 


(vi)       the
status of any foreclosure actions or other proceedings undertaken with respect thereto, any proposed workouts with respect thereto
and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional Mortgage Loan
Events of Default;


 


(vii)       a
description of any proposed amendment, modification or waiver of a material term of any ground lease;


 


(viii)       a
description of any proposed actions;


 


(ix)       the
alternative courses of action considered by the Special Servicer in connection with the proposed actions;


 


(x)       the
decision that the Special Servicer intends or proposes to make, including a narrative analysis setting forth the Special Servicer’s
rationale for its proposed decision, including its rejection of the alternatives; and an analysis of whether or not taking such
action is reasonably likely to produce a greater recovery on a net present value basis


 






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than not taking such action, setting forth
(x) the basis on which the Special Servicer made such determination and (y) the net present value calculation (including the applicable
discount rate used) and all related assumptions;


 


(xi)       a
summary of the status of any action that was described in the most recent prior Asset Status Report and subsequently effected
by the Special Servicer; and


 


(xii)       such
other information as the Special Servicer deems relevant in light of the proposed action and Accepted Servicing Practices.


 


(j)       The
Special Servicer shall (x) deliver to the 17g-5 Information Provider (which shall post to the 17g-5 Information Provider’s
Website pursuant to Section 8.14(b)) the Final Asset Status Report and to the Certificate Administrator a proposed notice
to Certificateholders that will include a summary of the Final Asset Status Report in an electronic format, which format is reasonably
acceptable to the Certificate Administrator (which will be a brief summary of the current status of the Properties and current
strategy with respect to the resolution and workout of the Mortgage Loan), and the Certificate Administrator shall post such summary
(but not the Final Asset Status Report itself) on the Certificate Administrator’s Website pursuant to Section 8.14(b)
and (y) implement the Final Asset Status Report in the form delivered to the 17g-5 Information Provider. Subject to the consent
and consultation rights of the Directing Certificateholder described in this Section 3.10(i), the Special Servicer may,
from time to time, modify any Asset Status Report it has previously delivered. Upon such modification, the Special Servicer shall
prepare an updated summary and deliver the updated summary to the Certificate Administrator and deliver the modified Asset Status
Report to the 17g-5 Information Provider. The 17g-5 Information Provider shall post such modified Asset Status Report on the 17g-5
Information Provider’s Website pursuant to Section 8.14(b), and the Certificate Administrator shall post such summary
on the Certificate Administrator’s Website. In no event, however, will the Special Servicer be required to deliver a summary
of any interim or draft Asset Status Report.


 


(k)       Subject
to the last paragraph of Section 9.3(a), prior to the occurrence and continuance of a Control Event, if within ten (10)
Business Days of receiving an Asset Status Report, together with all information reasonably requested by the Directing Certificateholder
in order to assess such Asset Status Report, the Directing Certificateholder does not disapprove such Asset Status Report in writing,
the Special Servicer shall implement the recommended action as outlined in such Asset Status Report. In addition, prior to the
occurrence and continuance of a Control Event, if the Directing Certificateholder disapproves such Asset Status Report within
ten (10) Business Days of receipt of such Asset Status report, together with all information reasonably requested by the Directing
Certificateholder in order to assess such Asset Status Report, and the Special Servicer has not made the determination described
below, the Special Servicer shall revise such Asset Status Report and deliver a new Asset Status Report as soon as practicable,
but in no event later than thirty (30) days after such disapproval, to the Directing Certificateholder, the Servicer, the Trustee,
the Certificate Administrator, the Operating Advisor, the Companion Loan Holders and the 17g-5 Information Provider (which shall
promptly post such revised Asset Status Report on the 17g-5 Information Provider’s Website in accordance with Section
8.14(b)). Prior to the occurrence and continuance of a Control Event, the Special Servicer shall revise such Asset Status
Report as described above in


 






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this Section 3.10(i) until the Directing Certificateholder shall fail to disapprove such revised
Asset Status Report in writing within ten (10) Business Days of receiving such revised Asset Status Report, together with all
information reasonably requested by the Directing Certificateholder in order to assess such Asset Status Report, until the Directing
Certificateholder’s approval is no longer required or until the Special Servicer makes the determination described below.
Notwithstanding the foregoing, the Special Servicer (A) may, following the occurrence of an extraordinary event with respect to
any Property or the Mortgage Loan or, if a failure to take any such action at such time would be inconsistent with Accepted Servicing
Practices, take any action set forth in such Asset Status Report before the expiration of a ten (10) Business Day period and (B)
shall implement the action recommended in the Asset Status Report, in each case if it makes a determination in accordance with
Accepted Servicing Practices that such affirmative disapproval is not in the best interest of all the Certificateholders (and
provided that the Special Servicer has made efforts consistent with Accepted Servicing Practices to contact the Directing Certificateholder
before taking such action); provided, however, that, if the Directing Certificateholder does not approve or is not
deemed to have approved an Asset Status Report within ninety (90) days from the first submission of an Asset Status Report, then
the Special Servicer and the Directing Certificateholder shall use reasonable efforts to negotiate a mutually agreeable Asset
Status Report during the next thirty (30) days, and if they are unable to reach an agreement within such 30-day period, the Special
Servicer shall take the action recommended in its most recently submitted Asset Status Report; provided, further,
that such Asset Status Report is not intended to replace or satisfy any other specific consent or approval right which the Directing
Certificateholder may have pursuant to Section 9.3.


 


(l)       Prior
to the occurrence and continuance of an Operating Advisor Consultation Event, the Operating Advisor’s review of a Final
Asset Status Report shall only provide background information to support the Operating Advisor’s duties concerning the Special
Servicer’s compliance with Accepted Servicing Practices, and the Operating Advisor shall not provide comments to the Special
Servicer in respect of such Final Asset Status Report. After the occurrence and during the continuance of an Operating Advisor
Consultation Event, the Operating Advisor shall consult with and provide comments to the Special Servicer in respect of each Asset
Status Report, if any, within ten (10) Business Days following the later of (i) receipt of such Asset Status Report or (ii) receipt
of such additional information reasonably requested by the Operating Advisor related thereto, and propose possible alternative
courses of action to the extent it determines such alternatives to be in the best interest of the Certificateholders (including
any Certificateholders that are holders of the Controlling Class Certificates), as a collective whole. The Special Servicer shall
consider such alternative courses of action, if any, and any other feedback provided by the Operating Advisor (and if no Consultation
Termination Event is continuing, the Directing Certificateholder) in connection with the Special Servicer’s preparation
of any Asset Status Report that is provided while an Operating Advisor Consultation Event has occurred and is continuing. The
Special Servicer shall revise the Asset Status Report as it deems necessary to take into account any input and/or comments from
the Operating Advisor (and if no Consultation Termination Event has occurred, the Directing Certificateholder), to the extent
the Special Servicer determines that the Operating Advisor’s and/or the Directing Certificateholder’s input and/or
recommendations are consistent with Accepted Servicing Practices and in the best interest of the Certificateholders as a collective
whole. Promptly upon determining whether or not to revise any Asset Status Report to take into account any input and/or comments
from the


 






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Operating Advisor or the Directing Certificateholder, the Special Servicer shall deliver to the Operating Advisor and
the Directing Certificateholder the revised Asset Status Report (until a Final Asset Status Report is issued) or notice that the
Special Servicer has decided not to revise such Asset Status Report, as applicable.


 


(m)       In
connection with the approval or consultation rights of the Directing Certificateholder and the consultation rights of the Operating
Advisor with respect to any Asset Status Report, if the Special Servicer determines that any action recommended in an Asset Status
Report is necessary to protect a Property or the interests of the Certificateholders from potential harm if such action is not
taken, or if a failure to take any such action at such time would be inconsistent with Accepted Servicing Practices, the Special
Servicer may take actions with respect to the Properties before the expiration of the 10 Business Day period if the Special Servicer
reasonably determines in accordance with Accepted Servicing Practices that failure to take such actions before the expiration
of the 10 Business Day period would materially adversely affect the interest of the Certificateholders, and the Special Servicer
has made a reasonable effort to contact the Directing Certificateholder or the Operating Advisor, as applicable.


 


(n)       After
the occurrence and during the continuance of a Control Event, the Directing Certificateholder shall have no right to consent to
any Asset Status Report under this Section 3.10. After the occurrence and during the continuance of a Control Event but
prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder, and after the occurrence and during
the continuance of an Operating Advisor Consultation Event, the Operating Advisor, shall consult with the Special Servicer (telephonically
or electronically) (on a non-binding basis) and may propose alternative courses of action and provide other feedback in respect
of any Asset Status Report. After the occurrence of a Consultation Termination Event, the Directing Certificateholder (other than
in its capacity as a Certificateholder) shall have no right to receive any Asset Status Report or otherwise consult with the Special
Servicer with respect to Asset Status Reports and the Special Servicer shall only be obligated to consult with the Operating Advisor
with respect to any Asset Status Report as described above. The Special Servicer may choose to revise the Asset Status Report
as it deems reasonably necessary in accordance with Accepted Servicing Practices to take into account any input and/or recommendations
of the Operating Advisor or the Directing Certificateholder during the applicable periods described above, but is under no obligation
to follow any particular recommendation of the Operating Advisor or the Directing Certificateholder. The consultation process
with the Operating Advisor and any revisions to the Asset Status Report made by the Special Servicer in response to such consultation
described in this section are collectively referred to as the “ASR Consultation Process”. The consent or consultation
process with the Directing Certificateholder and any revisions to the Asset Status Report made by the Special Servicer in response
to such consultation described in this section are collectively referred to as the “Directing Certificateholder Asset
Status Report Approval Process”.


 


Notwithstanding
anything herein to the contrary: (i) the Servicer or Special Servicer shall have no right or obligation to consult with or to
seek and/or obtain consent, approval or direction from any Directing Certificateholder prior to or after acting or making any
determination (and provisions of this Agreement requiring such consultation, consent or approval shall be of no effect) during
the period following any resignation or removal of a Directing Certificateholder and before a replacement is selected and/or identified.
In addition,


 






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notwithstanding anything herein to the contrary, neither the Servicer nor the Special Servicer will be permitted
to follow any objection, advice, direction or consultation provided by the Directing Certificateholder, the Controlling Class
Certificateholders or any other Person that would require or cause the Servicer or Special Servicer, as applicable, to violate
any applicable law, be inconsistent with Accepted Servicing Practices, require or cause the Service or Special Servicer, as applicable,
to violate provisions of this Agreement, including the Special Servicer’s obligation to act in accordance with Accepted
Servicing Practices, require or cause the Servicer or Special Servicer, as applicable, to violate the terms of the Mortgage Loan
Documents or the Co-Lender Agreement, expose the Trust, the Depositor, the Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor or any of their respective Affiliates, members, managers, officers, directors, employees or
agents, to any claim, suit or liability, result in the imposition of a tax upon the Trust (other than a tax on net income from
foreclosure property) or result in an Adverse REMIC Event, or materially expand the scope of the Servicer’s, Special Servicer’s,
Trustee’s or Certificate Administrator’s responsibilities under this Agreement.


 


(o)       The
Servicer and the Special Servicer shall comply with applicable law, Accepted Servicing Practices, this Agreement, the Co-Lender
Agreement and the Mortgage Loan Documents.


 


(p)       During
the continuance of a Special Servicing Loan Event, the Special Servicer shall have the authority to meet with the Loan Parties
and, subject to the rights of the Directing Certificateholder (so long as no Consultation Termination Event is continuing) take
any actions consistent with Section 3.24, Accepted Servicing Practices and the most recent Final Asset Status Report.


 


(q)       [Reserved].


 


(r)       In
addition, during the continuance of a Special Servicing Loan Event, not later than 4:00 p.m. (New York time) on each Determination
Date the Special Servicer shall prepare and deliver to the Servicer the CREFC® Special Servicer Loan File with
respect to the Mortgage Loan.


 


(s)       The
Special Servicer shall be required to deliver to the Servicer such reports and other information as the Servicer needs in its
reasonable discretion to perform its obligations under this Agreement. In no event, however, shall the Special Servicer be required
to deliver a summary of any interim or draft Asset Status Report.


 


3.11.       Maintenance
of Insurance and Errors and Omissions and Fidelity Coverage. (a) The Servicer, consistent with Accepted Servicing
Practices and the Mortgage Loan Documents, shall use efforts consistent with Accepted Servicing Practices to cause to be
maintained by the Borrowers (or if the Borrowers fail to maintain such insurance in accordance with the Mortgage Loan
Documents, the Servicer shall cause to be maintained to the extent such insurance is available at commercially reasonable
rates, and to the extent the Trustee, as mortgagee, has an insurable interest) insurance with respect to each Property of the
types and in the amounts required to be maintained by the Borrowers under the Mortgage Loan Documents and to monitor the
Borrower’s compliance with such insurance requirements. The cost of any such insurance maintained by the Servicer shall
be advanced by the Servicer, as a Property






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Protection Advance unless it would be a Nonrecoverable Advance. Neither the
Servicer nor the Special Servicer shall be required to maintain, and shall not cause the Borrowers to be in default with
respect to the failure of the Borrowers to obtain, all-risk casualty insurance which does not contain any carve-out for
terrorist or similar acts, if and only if the Special Servicer has (and, prior to the occurrence and continuance of a Control
Event, with the consent of the Directing Certificateholder) determined, on an annual basis, that such insurance is not
required pursuant to the terms of the Mortgage Loan Documents as in effect on such date. Neither the Servicer nor the Special
Servicer shall be required to obtain terrorism insurance pursuant to this Agreement to the extent the Borrowers would not be
obligated to maintain terrorism insurance under the Mortgage Loan Documents as in effect on the date thereof.


 


(b)       The
Special Servicer, consistent with Accepted Servicing Practices and the Mortgage Loan Documents, shall cause to be maintained such
insurance (including environmental insurance) with respect to any Foreclosed Property as the Borrowers are required to maintain
with respect to each Property referred to in subsection (a) of this Section or, at the Special Servicer’s election,
coverage satisfying insurance requirements consistent with Accepted Servicing Practices. The cost of any such insurance with respect
to a Foreclosed Property shall be payable out of amounts on deposit in the Foreclosed Property Account or shall be advanced by
the Servicer as a Property Protection Advance unless such Advance would be a Nonrecoverable Advance. Any such insurance (other
than terrorism insurance, which shall be maintained to the extent required under subsection (a)) that is required to be
maintained with respect to a Foreclosed Property shall only be so required to the extent such insurance is available at commercially
reasonable rates and the Trust has an insurable interest in such Foreclosed Property. If the Special Servicer requests the Servicer
to make a Property Protection Advance in respect of the premiums due in respect of such insurance, the Servicer shall, as soon
as practicable after receipt of such request, make such Property Protection Advance unless such Advance would be a Nonrecoverable
Advance, and if the Servicer does not make such Advance, the Trustee (within 5 Business Days of its receipt of notice of the Servicer’s
failure to make such Advance) shall make an Advance of the premiums to maintain such insurance; provided that, in each
such case, such obligations shall be subject to the provisions of this Agreement concerning Nonrecoverable Advances, the Trustee
as mortgagee having an insurable interest and the availability of such insurance at commercially reasonable rates.


 


(c)       The
Servicer or the Special Servicer, as applicable, may satisfy its obligations to cause insurance policies to be maintained by maintaining
a master force placed or blanket insurance policy insuring against losses on the Properties or any Foreclosed Properties, as the
case may be for which coverage is otherwise required to be maintained as set forth in the preceding subsections of this Section
3.11. The incremental cost of such insurance allocable to any particular Property or Foreclosed Property, if not borne by
the applicable Borrowers, shall be paid by the Servicer as a Property Protection Advance unless it would be a Nonrecoverable Advance.
If such master force placed or blanket insurance policy contains a deductible clause, the Servicer or the Special Servicer, as
applicable, shall be obligated to deposit in the Collection Account out of its own funds all sums that would have been deposited
therein but for such clause to the extent any such deductible exceeds the deductible limitation that pertained to the Mortgage
Loan, or in the absence of any such deductible limitation, the deductible limitation that is consistent with Accepted Servicing
Practices.


 






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(d)       Each
of the Servicer and the Special Servicer shall obtain and maintain at its own expense, and keep in full force and effect throughout
the term of this Agreement, a blanket fidelity bond and an errors and omissions insurance policy with an insurance company with
a claims-paying ability rating (i) “A3” by Moody’s, (ii) “A-” by S&P, (iii) “A-:VIII”
by A.M. Best, (iv) “A-” or its equivalent by Kroll Bond Rating Agency, Inc., (v) “A-” by Fitch Ratings,
Inc. or (vi) “A (low)” by DBRS (or such other rating as to which a Rating Agency Confirmation has been obtained) covering
the officers and employees of the Servicer or the Special Servicer, as applicable, in connection with its activities under this
Agreement. Each such insurance policy shall protect the Servicer or the Special Servicer, as applicable, against losses resulting
directly from forgery, theft, embezzlement, fraud, errors and omissions of such covered persons. Coverage of the Servicer or the
Special Servicer under a policy or bond obtained by an Affiliate thereof and providing the coverage required by this Section
3.11(d) shall satisfy the requirements of this Section 3.11(d). The amount of coverage shall be in such form and amount
as are consistent with Accepted Servicing Practices. In the event that any such bond or policy ceases to be in effect, the Servicer
or the Special Servicer, as applicable, shall obtain a comparable replacement bond or policy. Each shall use reasonable effort
to cause each and every sub-servicer, if any, to maintain a blanket fidelity bond and an errors and omissions insurance policy
meeting the requirements as described above. In lieu of the foregoing, but subject to this Section 3.11, the Servicer and
Special Servicer shall be entitled to self-insure with respect to such risks so long as the long term debt obligations or deposits
of the Servicer or Special Servicer, as applicable (or its immediate or remote parent) is rated at least “A-” or its
equivalent by S&P, and at least its equivalent rating by DBRS (but only if then rated by DBRS).


 


(e)       No
provision of this Section requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer
or the Special Servicer from its duties and obligations as set forth in this Agreement. The Trustee shall be entitled to request,
upon receipt of a written request from any Certificateholder, and the Servicer and the Special Servicer shall each deliver or
cause to be delivered to the Trustee, a certificate of insurance from the surety and insurer certifying that such insurance is
in full force and effect. The Trustee will make any such certificate of insurance available to the requesting Certificateholder
on a confidential basis.


 


(f)       The
Operating Advisor shall obtain and maintain at its own expense and keep in full force and effect throughout the term of this Agreement
an “errors and omissions” insurance policy with an insurance company with a claims-paying ability rating at least
equal to (a) “A-” by S&P, (b) “A(low)” by DBRS or (c) “A-:X” by A.M. Best (or such other
rating as to which a Rating Agency Confirmation has been obtained) covering the directors, officers and employees of the Operating
Advisor in connection with its activities under this Agreement.


 


3.12.       Procedures
with Respect to Defaulted Mortgage Loan; Realization upon the Properties. (a) Following the occurrence of a Special
Servicing Loan Event, the Special Servicer on behalf of the Trustee (with notification to and consent of the Directing
Certificateholder prior to the occurrence and continuance of a Control Event, upon consultation with the Directing
Certificateholder after the occurrence and during the continuance of a Control Event but so long as no Consultation
Termination Event has occurred, and upon consultation with the Operating Advisor after the occurrence and during the
continuance of the Operating Advisor Consultation Event), for the benefit of the Certificateholders and the Companion Loan


 






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Holders, subject to the terms of the Mortgage Loan Documents and the Co-Lender Agreement, shall promptly pursue the remedies
set forth therein or such resolution as is otherwise available, each in accordance with Accepted Servicing Practices,
including foreclosure or otherwise realization on the Properties and the other collateral for the Mortgage Loan. In
connection with any foreclosure, enforcement of the applicable Mortgage Loan Documents or other realization on the
Collateral, the Special Servicer shall direct the Servicer to, and the Servicer shall, pay the costs and expenses in any such
proceedings as a Property Protection Advance unless the Servicer determines, in accordance with Accepted Servicing
Practices, that such Advance would constitute a Nonrecoverable Advance.


 


(b)       Subject
to Section 9.3, such proposed acceleration of the Mortgage Loan and/or foreclosure on the Properties shall be taken unless
the Special Servicer waives such Mortgage Loan Event of Default (or modifies or amends the Mortgage Loan to cure the Mortgage
Loan Event of Default), which the Special Servicer may do if such modification, waiver or amendment is consistent with Accepted
Servicing Practices and does not cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under
the REMIC Provisions or subject either such Trust REMIC to any tax (other than a tax on “net income from foreclosure property”
under Code Section 860G(c)).


 


(c)       In
connection with such foreclosure as described in Section 3.12(a) or other realization on the Properties, the Special Servicer
shall follow Accepted Servicing Practices; provided, however, that the Special Servicer shall not be permitted to
direct the Servicer, and neither the Special Servicer nor the Servicer shall be required, to expend its own funds to restore any
Property damaged by an Uninsured Cause unless the Servicer or the Special Servicer, as applicable, permitted the related insurance
policy to lapse in violation of its respective obligations hereunder. If the Servicer does expend its own funds to restore a Property
damaged by an Uninsured Cause (which insurance policy did not lapse in violation of the Servicer’s obligations), such expense
shall be a Property Protection Advance. In connection with any foreclosure, enforcement of the Mortgage Loan Documents or other
realization on the Collateral, the Special Servicer shall direct the Servicer to, and the Servicer shall, pay the costs and expenses
in any such proceedings as a Property Protection Advance unless the Servicer determines, in accordance with Accepted Servicing
Practices, that such Advance would constitute a Nonrecoverable Advance.


 


(d)       
In connection with any foreclosure or other acquisition, the Special Servicer shall request the Servicer to pay, and the Servicer
shall pay, the out of pocket costs and expenses in any such proceedings as a Property Protection Advance unless the Servicer determines,
in its sole discretion exercised in accordance with Accepted Servicing Practices, that such Advance would constitute a Nonrecoverable
Advance. The Servicer shall be entitled to reimbursement of Advances (with interest at the Advance Rate) made pursuant to the
preceding sentence in accordance with Section 3.23. Subject to Section 9.3(a), for so long as a Control Event is
not continuing, while negotiating a workout with the Borrowers, the Special Servicer shall pursue any such foreclosure action
to but not including actual foreclosure until such negotiations, in the judgment of the Special Servicer and in accordance with
Accepted Servicing Practices and subject to Section 9.3(a), are not reasonably likely to produce a greater recovery on
a net present value basis than foreclosure.


 






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(e)       Notwithstanding
the foregoing, the Special Servicer may not foreclose on any Property and thereby cause the Trust to be the beneficial owner of
any Property, or take any other action with respect to such Property that would cause the Trustee, on behalf of the Trust and
the Companion Loan Holders, to be considered to hold title to, to be a “mortgagee-in-possession” of, or to be an “owner”
or “operator” of the Property within the meaning of CERCLA or any comparable law, subject to the rights of the Directing
Certificateholder to consent to or consult and the rights of the Operating Advisor to consult in respect of such action, as applicable,
unless the Special Servicer has previously determined, based on a report prepared as a Trust Fund Expense by an independent person
who regularly conducts site assessments for purchasers of comparable properties, that (i) such Property is in compliance with
applicable environmental laws or that taking the remedial actions necessary to comply with such laws is reasonably likely to produce
a greater recovery on a net present value basis than not taking such actions and (ii) there are no circumstances known to the
Special Servicer relating to the use of hazardous substances or petroleum-based materials which require investigation or remediation,
or that if such circumstances exist taking such remedial actions is reasonably likely to produce a greater recovery on a net present
value basis than not taking such actions. The Special Servicer shall deliver a copy of any such report to the 17g-5 Information
Provider in electronic format and the 17g-5 Information Provider shall make such report available to the Rating Agencies and NRSROs
pursuant to Section 8.14(b).


 


If
the Special Servicer has so determined based on satisfaction of the criteria in this Section 3.12(e) that it would be in
the best economic interest as determined in accordance with Accepted Servicing Practices of the Trust Fund and the Companion Loan
Holders as a collective whole (taking into account the subordination of the Components comprising the Trust Loan and the Companion
Loans) to institute a foreclosure or take any other actions described in the immediately preceding paragraph, subject to the rights
of (i) the Directing Certificateholder to consent to, and (ii) the Directing Certificateholder and the Operating Advisor to consult
in respect of such action, as applicable, pursuant to the terms hereof, the Special Servicer shall take such proposed action.
The Special Servicer shall not foreclose upon or otherwise cause the Trust to acquire ownership of any Collateral other than a
Property unless it receives an Opinion of Counsel to the effect that such acquisition will not cause the imposition of a tax on
the Upper-Tier REMIC or the Lower-Tier REMIC (other than a tax on “net income from foreclosure property” under Code
Section 860G(c)) under the REMIC Provisions or cause the Lower-Tier REMIC or Upper-Tier REMIC to fail to qualify as a REMIC at
any time that the Certificates are outstanding.


 


The
Special Servicer shall direct the Servicer to, and the Servicer shall, advance the cost of any such compliance, containment, clean
up or remediation as a Property Protection Advance unless the Servicer determines that such Advance would constitute a Nonrecoverable
Advance.


 


(f)       The
environmental site assessments contemplated by Section 3.12(e) shall be prepared by any Independent Person who regularly
conducts environmental site assessments for purchasers of comparable properties, as determined by the Servicer in a manner consistent
with Accepted Servicing Practices. The cost of each such environmental site assessment shall qualify as a Property Protection
Advance and shall be advanced by the Servicer unless the Servicer determines that such Advance would constitute a Nonrecoverable
Advance.


 






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(g)       Notwithstanding
any provision herein to the contrary, the Special Servicer shall not acquire and hold for the benefit of the Trust Fund any personal
property (including any non-real property Collateral) pursuant to this Section 3.12 unless:


 


(i)       such
personal property is incidental to real property (within the meaning of Section 856(e)(1) of the Code) so acquired by the Special
Servicer; or


 


(ii)       the
Special Servicer shall have obtained an Opinion of Counsel (the cost of which shall be paid by the Servicer as a Property Protection
Advance unless the Servicer determines that such Property Protection Advance would constitute a Nonrecoverable Advance) to the
effect that the holding of such personal property by the Trust Fund will not cause the imposition of a tax on the Upper-Tier REMIC
or the Lower-Tier REMIC under the REMIC Provisions or cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as
a REMIC at any time that any Uncertificated Lower-Tier Interest or Certificate is outstanding.


 


(h)       Notwithstanding
any acquisition of title to any Property following a Mortgage Loan Event of Default under the Mortgage Loan and cancellation of
the Mortgage Loan, the Mortgage Loan shall be deemed to remain outstanding and, in the case of the Trust Loan, held in the Trust,
and in the case of the Companion Loans, held by the Companion Loan Holders, for purposes of the application of collections and
shall be reduced only by collections net of expenses. For purposes of all calculations hereunder, so long as the Trust Loan and
each Companion Loan shall be deemed to remain outstanding, (i) it shall be assumed that the unpaid principal balance of the Trust
Loan and each Companion Loan immediately after any discharge is equal to the unpaid principal balance of the Trust Loan and Companion
Loan immediately prior to such discharge and (ii) Foreclosure Proceeds shall be applied as provided in Section 1.3(b) and
the Co-Lender Agreement.


 


3.13.       Certificate
Administrator and Trustee to Cooperate; Release of Items in Mortgage File. From time to time and as appropriate for the
servicing of the Mortgage Loan or foreclosure of or realization on any Property, the Certificate Administrator shall, upon
request of the Servicer or the Special Servicer and delivery to the Certificate Administrator of a request for release in the
form of Exhibit B hereto, release or cause to be released any items from the Mortgage File to the Servicer or the
Special Servicer, as the case may be, within the lesser of (i) seven (7) calendar days and (ii) five (5) Business Days of its
receipt of the related request for release and the Trustee shall execute such documents furnished to it as shall be necessary
to the prosecution of any such proceedings. Such request for release shall obligate the Servicer or the Special Servicer to
(and the Servicer or Special Servicer, as applicable, shall) return such items to the Certificate Administrator when the need
therefor by the Servicer or the Special Servicer no longer exists. The foregoing duties of the Certificate Administrator
shall be performed by the Custodian.


 


3.14.       Title
and Management of Foreclosed Property. (a) In the event that title to any Property is acquired for the benefit of the
Certificateholders and the Companion Loan Holders in foreclosure or by deed-in-lieu of foreclosure or otherwise, the deed,
certificate of sale or other comparable document shall be taken in the name of the Trustee, as trustee for the
Certificateholders, or its nominee (which shall not include the Special Servicer), on behalf of the






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Trust Fund and the
Companion Loan Holders or as otherwise contemplated pursuant to Section 8.10. Title may be taken in the name of a
limited liability company wholly-owned by the Trust and which is managed by the Special Servicer (the costs of which shall be
advanced by the Servicer, provided that such Advance would not be a Nonrecoverable Advance). Promptly after such
acquisition of title, the Special Servicer shall consult with counsel to determine when an Acquisition Date shall be deemed
to occur under the REMIC Provisions with respect to such Property, the expense of such consultation being treated as a
reimbursable expense of the Special Servicer related to the foreclosure. The Special Servicer, on behalf of the Trust and the
Companion Loan Holders, shall dispose of any Foreclosed Property held by the Trust as expeditiously as appropriate in
accordance with Accepted Servicing Practices, but in any event within the time period, and subject to the conditions, set
forth in Sections 3.15 and 12.2. Subject to Sections 12.2 and 3.14(d), the Special Servicer
shall hire on behalf of the Trust Fund and the Companion Loan Holders a Successor Manager to manage, conserve, protect and
operate such Foreclosed Property for the Certificateholders and the Companion Loan Holders solely for the purpose of its
prompt disposition and sale. In connection with such management and subject to Section 3.4(c)(vii), the Successor
Manager shall be entitled to the REO Management Fee solely from the Foreclosed Property Account or the Collection Account
pursuant to Section 3.4(c)(vii).


 


(b)       The
Special Servicer shall segregate and hold all funds collected and received in connection with the operation of any Foreclosed
Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each Foreclosed
Property a Foreclosed Property Account in the name of the Special Servicer on behalf of the Trustee pursuant to Section 3.6.


 


(c)       The
Special Servicer shall have full power and authority, subject to Accepted Servicing Practices and the specific requirements and
prohibitions of this Agreement, to do any and all things in connection with a Foreclosed Property for the benefit of the Trust
Fund and the Companion Loan Holders as a collective whole (taking into account the subordination of the Components comprising
the Trust Loan and the Companion Loans) on such terms as are appropriate and necessary for the efficient liquidation of such Foreclosed
Property, so long as the Special Servicer deems such actions to be consistent with Accepted Servicing Practices.


 


The
Special Servicer shall deposit or cause to be deposited on a daily basis in the related Foreclosed Property Account all revenues
received with respect to a Foreclosed Property, and the Special Servicer shall cause to be withdrawn therefrom funds necessary
for the proper operation, management and maintenance of such Foreclosed Property and for other expenses related to the preservation
and protection of such Foreclosed Property, including, but not limited to:


 


(i)       all
insurance premiums due and payable in respect of such Foreclosed Property;


 


(ii)       all
taxes, assessments, charges or other similar items in respect of such Foreclosed Property that could result or have resulted in
the imposition of a lien thereon; and


 






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(iii)       all
costs and expenses necessary to preserve such Foreclosed Property, including the payment of ground rent, if any.


 


To
the extent that amounts on deposit in the Foreclosed Property Account are insufficient for the purposes set forth in clauses
(i) through (iii) above (and all similar amounts or expenses), the Special Servicer shall direct the Servicer to, and
the Servicer shall, make a Property Protection Advance unless the Servicer determines, in accordance with Accepted Servicing Practices,
that such Advance would constitute a Nonrecoverable Advance.


 


(d)       The
Special Servicer, in the name of the Trust Fund, shall (subject to Section 3.14(a)) contract with any Successor Manager
for the operation and management of any such Foreclosed Properties; provided that no such contract shall impose individual
liability on the Trustee or the Trust; provided, further, that:


 


(i)       the
terms and conditions of any such contract shall not be inconsistent herewith;


 


(ii)       any
such contract shall require, or shall be administered to require, that the Successor Manager (A) request that the Special Servicer
pay from the Foreclosed Property Account all costs and expenses incurred in connection with the operation and management of any
such Foreclosed Properties, and (B) remit all related revenues (net of such costs and expenses) to the Special Servicer, as soon
as practicable but in no event later than the Business Day immediately following receipt, for deposit into the Foreclosed Property
Account; and


 


(iii)       none
of the provisions of this Section 3.14 relating to any such contract or to actions taken through any such Successor Manager
shall be deemed to relieve the Special Servicer of any of its ordinary and regularly recurring duties and obligations to the Trust
Fund on behalf of the Certificateholders and the Companion Loan Holders with respect to the operation and management of any such
Foreclosed Properties.


 


The
Special Servicer shall be entitled, and to the extent required by the REMIC Provisions, shall be required, to enter into an agreement
with any Independent Contractor performing services for it related to its duties and obligations hereunder for indemnification
of the Special Servicer by such Independent Contractor, and nothing in this Agreement shall be deemed to limit or modify such
indemnification. All REO Management Fees shall be Trust Fund Expenses payable from the Foreclosed Property Account or subject
to reimbursement pursuant to Section 3.4(c)(vi). The Special Servicer agrees to monitor the performance of the Successor
Manager and to enforce the obligations of the Successor Manager on behalf of the Trust Fund and the Companion Loan Holders. Expenses
incurred by the Special Servicer in connection herewith shall qualify as Property Protection Advances.


 


(e)       On
or before the last day of each Collection Period, the Special Servicer shall withdraw from the Foreclosed Property Account and
deposit into the Collection Account the proceeds and collections received or collected since the preceding Remittance Date through
the Business Day prior to the Remittance Date on or with respect to each Foreclosed Property (including any funds no longer needed
in any reserves established as provided below), net of






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expenses paid therefrom and amounts reasonably expected to be needed to
fund any reserves deemed necessary for the operation, preservation and protection of such Foreclosed Property in the event that
such Foreclosed Property is a real property, including without limitation, the creation of reasonable reserves for working capital,
repairs, replacements and necessary capital improvements and other related expenses.


 


3.15.       Sale
of Foreclosed Property. (a) The Special Servicer, on behalf of the Trust and the Companion Loan Holders, shall sell any
Foreclosed Property as expeditiously as appropriate in accordance with Accepted Servicing Practices, but in no event later
than the time period set forth in Section 12.2 in a manner provided under this Section 3.15.


 


(b)       If
the Special Servicer or an Affiliate acquires any Foreclosed Property in the name of and on behalf of the Trust and the Companion
Loan Holders, the Special Servicer shall be empowered, subject to the Code and to the specific requirements and prohibitions of
this Agreement, to do any and all things in connection with the management and operation of such Foreclosed Property in accordance
with Accepted Servicing Practices, all on such terms as the Special Servicer deems to be in the best interest of the Certificateholders
and the Companion Loan Holders (as a collective whole, as if they constituted a single lender (taking into account the subordination
of the Components comprising the Trust Loan and the Companion Loans)) and consistent with the REMIC Provisions.


 


(c)       Subject
to the (i) consent of the Directing Certificateholder and (ii) the consultation rights of the Directing Certificateholders and
Operating Advisor to the extent set forth in this Agreement, the Special Servicer shall accept the highest cash offer for any
Foreclosed Property received from any person. In no event may such offer be less than an amount at least equal to the sum of (i)
the portion of the outstanding principal balance of the Mortgage Loan with respect to such Foreclosed Property plus (ii) unreimbursed
Advances and interest thereon, and fees and amounts owed to the Servicer, the Special Servicer, the Certificate Administrator
and the Trustee with respect to such Foreclosed Property, and all unpaid interest, if any, accrued with respect to the Release
Amount with respect to such Foreclosed Property through the date of sale and all reasonably estimated Liquidation Expenses. In
the absence of any such offer an purchase of any Foreclosed Property, the Special Servicer shall accept the highest cash offer
that it determines is a fair price based on Appraisals obtained within the last nine (9) months. If the highest offeror is an
Interested Person or any Certificateholder, then the Trustee shall determine the fairness of the highest bid based upon such Appraisal
or, if no Appraisal has been obtained within the last nine (9) months, based on an Appraisal obtained at the expense of the Trust.
Notwithstanding the foregoing, subject to the rights of the Directing Certificateholder and the Operating Advisor set forth in
Section 9.3 herein, the Special Servicer shall not be obligated to accept the higher cash offer if the Special Servicer
determines, in accordance with Accepted Servicing Practices, that rejection of such offer would be in the best interests of the
Certificateholders and the Companion Loan Holders (as a collective whole as if they constituted a single lender (taking into account
the subordination of the Components comprising the Trust Loan and the Companion Loans), and the Special Servicer may accept a
lower cash offer (from any person other than itself or an Affiliate) if it determines, in accordance with Accepted Servicing Practices,
that acceptance of such offer would be in the best interests of the Certificateholders (as a collective whole as if such Certificateholders
constituted a single lender). For avoidance of doubt, the Directing Certificateholder may submit bids on any


 






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Foreclosed Property
in the same manner and at the same time and place as any other bidder. Neither the Trustee, in its individual capacity, nor any
of its Affiliates may make an offer for or purchase any Foreclosed Property.


 


Notwithstanding
anything contained in the preceding paragraph to the contrary, if an Interested Person offers to purchase such Foreclosed Property
and the Trustee is required to determine whether a cash offer by an Interested Person constitutes a fair price, the Trustee may
(at its option and at the expense of the Interested Person or as a Trust Fund Expense) designate an Independent third party expert
in real estate or commercial mortgage loan matters with at least five (5) years’ experience in valuation of or investing
in properties and assets similar to the Foreclosed Property, that has been selected with reasonable care by the Trustee to determine
if such cash offer constitutes a fair price for the Foreclosed Property. If the Trustee designates such an expert to make such
determination, the Trustee shall be entitled to rely conclusively upon such expert’s determination. The reasonable costs
of all Appraisals and other appraisals, inspection reports and broker opinions of value incurred by the Trustee or any such expert
pursuant to this paragraph shall be covered by, and shall be reimbursable by, the Interested Person, and if such fees or costs
are not reimbursed by such Interested Person, such expense will be reimbursable to it first, by the Servicer as an Advance, subject
to the Servicer’s determination that such amounts are not Nonrecoverable Advances, and then, if not paid by the Servicer
as an Advance, paid as a Trust Fund Expense; provided that the Trustee may not engage a third party expert whose fees exceed
a commercially reasonable amount as determined by the Trustee.


 


(d)       Subject
to the provisions of Sections 3.14 and 12.2, the Special Servicer shall act on behalf of the Trust Fund and the
Companion Loan Holders in negotiating and taking any other action necessary or appropriate in connection with the sale of a Foreclosed
Property, including the collection of all amounts payable in connection therewith. Any sale of any Foreclosed Property shall be
without recourse to the Trustee, the Depositor, the Certificate Administrator, the Servicer, the Special Servicer, the Operating
Advisor, the Trust or the Certificateholders and the Companion Loan Holders (except that any contract of sale and assignment and
conveyance documents may contain customary warranties, so long as the only recourse for breach thereof is to the Trust) and if
consummated in accordance with the terms of this Agreement, none of the Trustee, the Depositor, the Certificate Administrator
or the Special Servicer shall have any liability to any Certificateholder with respect to the purchase price thereof accepted
by the Special Servicer or the Trustee.


 


(e)       The
proceeds of any sale effected pursuant to this Section 3.15, after deduction of the expenses incurred in connection therewith,
shall be deposited in the Collection Account in accordance with Section 3.4(a).


 


(f)       Within
30 days of the sale of a Foreclosed Property, if not previously included in a CREFC® Report provided by the
Servicer or the Special Servicer, the Special Servicer shall provide to the Servicer, the Trustee, the Companion Loan Holders
and the Certificate Administrator a statement of accounting for such Foreclosed Property, including, without limitation, (i) the
date such Foreclosed Property was acquired in foreclosure or by deed-in-lieu of foreclosure or otherwise, (ii) the date of disposition
of such Foreclosed Property, (iii) the gross sale price and related selling and other expenses, (iv) accrued interest with respect
to the Release Amount of such Foreclosed Property, calculated from the date of acquisition to the


 






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disposition date, and (v) such
other information as the Trustee, the Companion Loan Holders or the Certificate Administrator may reasonably request.


 


(g)       If
the Mortgage Loan is a Specially Serviced Mortgage Loan or any Property is a Foreclosed Property, the Servicer shall prepare and
file on a timely basis the reports of foreclosures and abandonments of the Property required by Section 6050J of the Code and
the reports of discharges of indebtedness income in respect of the Trust Loan and each Companion Loan required by Section 6050P
of the Code.


 


(h)       The
Special Servicer shall deliver to the Servicer such reports and other information as the Servicer needs in its reasonable discretion
to perform its obligations under this Agreement.


 


3.16.       Sale
of the Mortgage Loan.


 


(a)       (i)
Within sixty (60) days after the occurrence of a Special Servicing Loan Event, the Special Servicer shall order (but shall not
be required to have received) Appraisals, the cost of which shall be paid by the Servicer as a Property Protection Advance. The
Servicer shall promptly notify in writing the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor,
the Companion Loan Holders and the Directing Certificateholder (prior to the occurrence and continuance of a Consultation Termination
Event) of the occurrence of a Special Servicing Loan Event. Upon delivery by the Servicer of the notice described in the preceding
sentence, and subject to the rights of the Directing Certificateholder and the Operating Advisor, the Special Servicer may offer
to sell to any Person the Mortgage Loan or may offer to purchase the Mortgage Loan, if and when the Special Servicer determines,
consistent with Accepted Servicing Practices, that no satisfactory arrangements can be made for collection of delinquent payments
thereon and such a sale would be in the best economic interests of the Trust and the Companion Loan Holders as a collective whole
as if they constituted a single lender (taking into account the subordination of the Components comprising the Trust Loan and
the Companion Loans) on a net present value basis. The Special Servicer shall provide the Trustee, the Companion Loan Holders,
the Operating Advisor, the Certificate Administrator, and the Directing Certificateholder (so long as no Consultation Termination
Event is continuing) not less than five (5) Business Days’ prior written notice of its intention to sell the Mortgage Loan,
in which case the Special Servicer is required to accept the highest offer received from any Person, other than any Interested
Person, for the Mortgage Loan so long as such offer is at least equal to the Mortgage Loan Purchase Price. At the Special Servicer’s
option, if it has received no offer at least equal to the Mortgage Loan Purchase Price for the Mortgage Loan, an Interested Person
(other than the Manager or any Borrower Affiliate) may purchase the Mortgage Loan at or above the Mortgage Loan Purchase Price.
Any Companion Loan is to be sold together with the Trust Loan, subject to this Section 3.16 and any additional requirements
set forth in the Co-Lender Agreement.


 


(ii)       In
the absence of any offer and purchase at least equal to the Mortgage Loan Purchase Price, the Special Servicer shall accept the
highest offer received from any Person that is determined by the Special Servicer to be a fair price for the Mortgage Loan. In
determining whether any offer from a person other than an Interested Person constitutes a fair price for any defaulted Mortgage
Loan, the Special Servicer shall take into account (in






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addition to the results of any appraisal, updated appraisal or narrative
appraisal that it may have obtained pursuant to this Agreement within the prior nine months), among other factors, the period
and amount of the occupancy level and physical condition of the Properties and the states of the local economies. However, if
the highest offeror is the Depositor, the Servicer, the Special Servicer (or any independent contractor engaged by the Special
Servicer), the Operating Advisor, the Certificate Administrator (unless such Person is also the Trustee), a holder of more than
50% of the Controlling Class (by Certificate Balance), the Directing Certificateholder (or any of its Affiliates), the Manager,
any Borrower Affiliate, an Other Depositor, the master servicer, the special servicer (or any independent contractor engaged by
such special servicer) or the trustee for an Other Securitization Trust, a Companion Loan Holder or any known Affiliate of any
of them (any such Person, an “Interested Person”), then the Trustee (based upon, among other things, the Appraisals
ordered pursuant to the preceding paragraph, and copied or otherwise delivered to the Trustee and any other information reasonably
requested by the Trustee) shall determine if the highest offer is a fair price, and such determination shall be binding upon all
parties; provided that no offer from an Interested Person shall constitute a fair price unless (A) it is the highest offer
received and (B) if such offer is less than the Mortgage Loan Purchase Price, at least two other offers are received from independent
third parties. Any such determination shall be binding upon all parties. All reasonable costs and fees of the Trustee and any
third party hired by the Trustee in accordance with this Agreement in making such determination shall be reimbursable to it by
the Servicer as an Advance, or if the Servicer determines that such amounts are Nonrecoverable Advances, then as a Trust Fund
Expense. The Directing Certificateholder may submit bids on the defaulted Mortgage Loan in the same manner and at the same time
and place as any other bidder. If the Trustee designates any such third party to make such determination, the Trustee shall be
entitled to rely conclusively upon such third party’s determination. Neither the Trustee, in its individual capacity, nor
any of its Affiliates may make an offer for or purchase the Mortgage Loan.


 


(iii)       Notwithstanding
anything contained in the preceding paragraph to the contrary, if an Interested Person offers to purchase the Mortgage Loan and
the Trustee is required to determine whether a cash offer by an Interested Person constitutes a fair price, the Trustee may (at
its option and at the expense of the Interested Person or as a Trust Fund Expense) designate an Independent third party expert
in real estate or commercial mortgage loan matters with at least five (5) years’ experience in valuing or investing in loans
similar to the Mortgage Loan, that has been selected with reasonable care by the Trustee to determine if such cash offer constitutes
a fair price for the Mortgage Loan. If the Trustee designates such an expert to make such determination, the Trustee shall be
entitled to rely conclusively upon such expert’s determination. Any such determination of a fair price of the Mortgage Loan
by the Trustee shall be binding upon all parties. The reasonable fees of, and the reasonable costs of all Appraisals, inspection
reports and broker opinions of value incurred by the Trustee or any such expert pursuant to this paragraph shall be covered by,
and shall be reimbursable by, the Interested Person, and if such fees or costs are not reimbursed by such Interested Person, such
expense shall be reimbursable as a Trust Fund Expense; provided that the Trustee shall not engage a third party expert
whose fees exceed a commercially reasonable amount as determined by the Trustee.


 






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(iv)       The
Special Servicer shall not be obligated to accept the highest offer if the Special Servicer determines, in accordance with Accepted
Servicing Practices, that the rejection of such offer would be in the best interests of the Certificateholders and the Companion
Loan Holders as a collective whole as if they constituted a single lender (taking into account the subordination of Components
comprising the Trust Loan and the Companion Loan). In addition, the Special Servicer may accept a lower offer if it determines,
in accordance with Accepted Servicing Practices, that the acceptance of such offer would be in the best interests of the Certificateholders
and the Companion Loan Holders as a collective whole as if they constituted a single lender (taking into account the subordination
of the Components comprising the Trust Loan and the Companion Loans) (for example if the prospective buyer making the lower offer
is more likely to perform its obligations or the terms offered by the prospective buyer making the lower offer are more favorable
in other respects), provided that the offeror is not the Special Servicer or a Person that is an Affiliate of the Special
Servicer. The Special Servicer shall use efforts consistent with Accepted Servicing Practices to sell the Mortgage Loan prior
to the latest Rated Final Distribution Date.


 


(v)       Unless
and until the Mortgage Loan is sold pursuant to this Section 3.16(a), the Special Servicer shall pursue such other resolution
strategies with respect to the Mortgage Loan, including, without limitation, workout and foreclosure, as the Special Servicer
may deem appropriate, consistent with the Asset Status Report, Accepted Servicing Practices and the REMIC Provisions.


 


(b)       Prior
to the occurrence and continuance of a Control Event, any sale of the Mortgage Loan by the Special Servicer shall be subject to
the Directing Certificateholder’s consent rights (subject to limitations on such consent pursuant to Section 9.3
herein) and after the occurrence and continuance of a Control Event but prior to the occurrence of a Consultation Termination
Event, any sale of the Mortgage Loan will be subject to the consultation rights of the Directing Certificateholder as described
in Section 9.3 herein.


 


(c)       The
right of the Special Servicer to purchase or sell the Mortgage Loan after the occurrence of a Special Servicing Loan Event shall
terminate, and shall not be exercisable as set forth in clause (a) above (or if exercised but the purchase of the Mortgage
Loan has not yet occurred, the Special Servicer’s right shall terminate and such exercise shall be of no further force or
effect) if the Mortgage Loan is no longer delinquent as a result of any of the following: (i) the Special Servicing Loan Event
has ceased pursuant to the terms of this Agreement, (ii) the Mortgage Loan has become subject to a fully executed agreement reflecting
the terms of the workout arrangement or (iii) the Mortgage Loan has otherwise been resolved (including by a full or discounted
pay-off).


 


(d)       Any
sale of the Mortgage Loan shall be for cash only, and shall be in accordance with and subject to the provisions of the Co-Lender
Agreement.


 


(e)       Notwithstanding
anything to the contrary herein, the Special Servicer shall not sell the Mortgage Loan pursuant to Section 3.16(a) without
the written consent of the Companion Loan Holders (provided that such consent is not required from a Companion Loan Holder
if such Companion Loan Holder is the Borrower or an Affiliate of the Borrower) unless


 






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the Special Servicer has delivered to the
Companion Loan Holders: (a) at least 15 Business Days prior written notice of any decision to attempt to sell the Mortgage Loan;
(b) at least 10 days prior to the permitted sale date, a copy of each bid package (together with any material amendments to such
bid packages) received by the Special Servicer in connection with any such proposed sale; (c) at least 10 days prior to the proposed
sale date, a copy of the most recent appraisal for the Mortgage Loan, and any documents in the Mortgage File reasonably requested
by such Companion Loan Holder that are material to the price of the Mortgage Loan; and (d) until the sale is completed, and a
reasonable period of time (but no less time than is afforded to other offerors) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by the Servicer or the
Special Servicer in connection with the proposed sale; provided, that such Companion Loan Holder may waive any of the delivery
or timing requirements set forth in this sentence. The Companion Loan Holders will be permitted to make offers to purchase, and
either such party is permitted to be the purchaser at any sale of, the Mortgage Loan.


 


3.17.       Servicing
Compensation. (a) The Servicer shall be entitled to receive the Servicing Fee with respect to the Trust Loan, the Companion
Loans and any Foreclosed Property payable monthly from the Collection Account or otherwise in accordance with and subject to Section
3.4(c). The Servicer shall be entitled to retain as compensation any late payment charges and certain other customary charges
and fees to the extent described below, as well as reimbursement for all other costs or expenses incurred by it in performing
its duties hereunder other than: (i) fees of any sub-servicer and the expenses of any sub-servicer that would not be reimbursable
to Servicer if such expenses were incurred by the Servicer; (ii) the cost of any fidelity bond or errors and omissions policy
required by Section 3.11(d); (iii) overhead expenses of the Servicer including but not limited to those which may properly
be allocable under the Servicer’s accounting system or otherwise to the Servicer’s activities under this Agreement
or the income derived by it hereunder including the costs to the Servicer associated with employees of the Servicer performing
services in connection with the obligations of the Servicer hereunder; and (iv) costs and expenses arising from the negligence,
bad faith or willful misconduct of the Servicer (the “Servicer Customary Expenses”).


 


(b)       In
addition, the Servicer shall be entitled to the following items as additional servicing compensation, to the extent that such
items are actually collected on the Mortgage Loan: (i) (x) so long as the Mortgage Loan is not a Specially Serviced Mortgage Loan,
50% of the Modification Fees actually collected during the related Collection Period and paid in connection with a consent, approval
or other action that the Servicer is not permitted to take or grant in the absence of the consent or approval (or deemed consent
or approval) of the Special Servicer under this Agreement and (y) so long as the Mortgage Loan is not a Specially Serviced Mortgage
Loan, 100% of the Modification Fees actually collected during the related Collection Period and paid in connection with a consent,
approval or other action that the Servicer is permitted to take or grant in the absence of the consent or approval (or deemed
consent or approval) of the Special Servicer under this Agreement; (ii) so long as the Mortgage Loan is not a Specially Serviced
Mortgage Loan, 100% of Assumption Fees collected during the related Collection Period in connection with a consent, approval or
other action that the Servicer is permitted to take or grant in the absence of the consent or approval (or deemed consent or approval)
of the Special Servicer under this Agreement and 50% of Assumption Fees collected during the related Collection Period in connection
with a consent, approval or other action that


 






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the Servicer is not permitted to take in the absence of the consent or approval
(or deemed consent or approval) of the Special Servicer under this Agreement; (iii) so long as the Mortgage Loan is not a Specially
Serviced Mortgage Loan, 100% of Assumption Application Fees collected during the related Collection Period; (iv) so long as the
Mortgage Loan is not a Specially Serviced Mortgage Loan, 100% of consent fees in connection with a consent that involves no modification,
waiver or amendment of the terms of the Mortgage Loan and is paid in connection with a consent the Servicer is permitted to grant
in the absence of the consent or approval (or deemed consent or approval) of the Special Servicer under this Agreement and 50%
of consent fees in connection with a consent that involves no modification, waiver or amendment of the terms of the Mortgage Loan
and is paid in connection with a consent that the Servicer is not permitted to grant in the absence of the consent or approval
(or deemed consent or approval) of the Special Servicer under this Agreement; (v) any and all amounts collected for checks returned
for insufficient funds; (vi) all charges for beneficiary statements or demands actually paid by the Borrowers; (vii) if the Mortgage
Loan is not a Specially Serviced Mortgage Loan, 100% of other loan processing fees actually paid by the Borrowers; (viii) interest
or other income earned on deposits in the Collection Account or other accounts maintained by the Servicer (but only to the extent
of the net investment earnings, if any, with respect to any such account for each Collection Period and, further, in the case
of a servicing account or Reserve Account, only to the extent such interest or other income is not required to be paid to the
Borrowers under applicable law or under the Mortgage Loan Documents); and (ix) 100% of late payment charges and net Default Interest
collected when the Mortgage Loan is not a Specially Serviced Mortgage Loan to the extent not applied to other amounts in accordance
with Section 3.4(c).


 


(c)       If
a Special Servicing Loan Event occurs and is continuing, the Special Servicer shall be entitled to receive a Special Servicing
Fee with respect to the Mortgage Loan for so long as such Special Servicing Loan Event continues. The Special Servicer shall also
be entitled to retain as compensation any late payment charges and certain other customary charges and fees to the extent described
below, as well as reimbursement for all other costs or expenses incurred by it in performing its duties hereunder other than:
(i) the cost of any fidelity bond or errors and omissions policy required by Section 3.11(d); (ii) overhead expenses of
the Special Servicer including but not limited to those which may properly be allocable under the Special Servicer’s accounting
system or otherwise to the Special Servicer’s activities under this Agreement or the income derived by it hereunder including
the costs to the Special Servicer associated with employees of the Special Servicer performing services in connection with the
obligations of the Special Servicer hereunder; and (iii) costs and expenses arising from the negligence, bad faith or willful
misconduct of the Special Servicer (the “Special Servicer Customary Expenses”). If a Special Servicing Loan
Event is terminated following resolution of such Special Servicing Loan Event by a written agreement with the Borrowers negotiated
by the Special Servicer, the Special Servicer shall be entitled to receive the Work-out Fee on all payments of principal and interest
made on the Mortgage Loan following such written agreement for so long as another Special Servicing Loan Event does not occur.
If the Special Servicer is terminated (other than for cause) or resigns after such written agreement is entered into and before
or after the Special Servicing Loan Event is terminated, it shall retain the right to receive any and all Work-out Fees on all
payments of principal and interest made on the Mortgage Loan following such written agreement (negotiated by such Special Servicer
prior to its termination or resignation) for so long as another Special Servicing Loan Event does not occur. In addition, the
Special Servicer shall be entitled to receive a Liquidation Fee with respect to each Liquidated


 






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Property or the liquidation of
the Specially Serviced Mortgage Loan whether through judicial foreclosure, sale or otherwise, or in connection with the sale,
discounted payoff or other liquidation of the Specially Serviced Mortgage Loan or any Property as to which the Special Servicer
receives Liquidation Proceeds, except that no Liquidation Fee shall be payable in connection with (i) any repurchase of the Trust
Loan (or allocable portion thereof) by the Trust Loan Seller pursuant to the Trust Loan Purchase Agreement (so long as such repurchase
occurs within the 90 day time period required by the Trust Loan Purchase Agreement for the Trust Loan Seller to cure or repurchase
the Trust Loan or a portion of the Trust Loan, respectively (including any applicable extension period)), or (ii) a sale of the
Trust Loan by the Special Servicer to the Servicer or the Special Servicer pursuant to Section 3.16 hereof. The Liquidation
Fee shall be payable from, and shall be calculated using the related Net Liquidation Proceeds. Each of the foregoing fees shall
be payable from funds on deposit in the Collection Account as provided in Section 3.4(a). Notwithstanding anything herein
to the contrary, with respect to the Mortgage Loan and any amount collected in a Collection Period, the Special Servicer shall
only be entitled to receive a Work-out Fee or a Liquidation Fee, but not both.


 


(d)       The
Special Servicer shall also be entitled to the following items as additional special servicing compensation, to the extent that
such items are actually collected on the Mortgage Loan: (i) if the Mortgage Loan is a Specially Serviced Mortgage Loan or with
respect to a Foreclosed Property, 100% of Modification Fees actually collected during the related Collection Period; (ii) if the
Mortgage Loan is not a Specially Serviced Mortgage Loan, 50% of Modification Fees collected during the related Collection Period
in connection with a consent, approval or other action that the Servicer is not permitted to take or grant in the absence of the
consent or approval (or deemed consent or approval) of the Special Servicer under this Agreement; (iii) if the Mortgage Loan is
a Specially Serviced Mortgage Loan, 100% of Assumption Fees collected during the related Collection Period and if the Mortgage
Loan is not a Specially Serviced Mortgage Loan, 50% of Assumption Fees collected during the related Collection Period in connection
with a consent, approval or other action that the Servicer is not permitted to take or grant in the absence of the consent or
approval (or deemed consent or approval) of the Special Servicer under this Agreement; (iv) if the Mortgage Loan is a Specially
Serviced Mortgage Loan, 100% of Assumption Application Fees collected during the related Collection Period; (v) if the Mortgage
Loan is a Specially Serviced Mortgage Loan, 100% of consent fees in connection with a consent that involves no modification, waiver
or amendment of the terms of the Mortgage Loan and if the Mortgage Loan is not a Specially Serviced Mortgage Loan, 50% of consent
fees in connection with a consent that involves no modification, waiver or amendment of the terms of the Mortgage Loan and is
paid in connection with a consent that the Servicer is not permitted to grant in the absence of the consent or approval (or deemed
consent or approval) of the Special Servicer under this Agreement; (vi) if the Mortgage Loan is a Specially Serviced Mortgage
Loan, charges for beneficiary statements or demands and other loan processing fees actually paid by the Borrowers; (vii) if the
Mortgage Loan is a Specially Serviced Mortgage Loan, 100% of other loan processing fees actually paid by the Borrowers; (viii)
interest or other income earned on deposits in the Foreclosed Property Account (but only to the extent of the net investment earnings,
if any, for each Collection Period); and (ix) 100% of late payment charges and Default Interest (to the extent not applied pursuant
to Section 3.4(c)) collected when the Mortgage Loan is a Specially Serviced Mortgage Loan.


 






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(e)       Notwithstanding
any other provision in this Agreement, neither the Servicer nor the Special Servicer, as applicable, shall be entitled to reimbursement
for an expense incurred under this Agreement or in connection with the performance of its duties hereunder unless (i) the amount
of such payment to the Servicer or the Special Servicer, as the case may be, is reimbursed to the Trust Fund by the Loan Parties
(to the extent the Loan Parties are required to do so under the Mortgage Loan Agreement); (ii) failure of the Loan Parties to
reimburse for such payment constitutes a Mortgage Loan Event of Default; (iii) such expense would qualify as an “unanticipated
expense incurred by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii) or is otherwise an
unanticipated expense (it being understood that the Servicer Customary Expenses and the Special Servicer Customary Expenses are
not unanticipated); or (iv) such reimbursement is expressly provided for herein or such expense is expressly described herein
as a Trust Fund Expense.


 


(f)       Except
as otherwise expressly provided herein, no transfer, sale, pledge or other disposition of the Servicer’s right to receive
all or any portion of the servicing compensation (or the Special Servicer’s right to receive all or any portion of the Special
Servicing Fee) or other servicing compensation provided for herein shall be made, and any such attempted transfer, sale, pledge
or other disposition shall be void, unless such transfer is made to a successor Servicer or successor Special Servicer, as applicable,
in connection with the assumption by such successor of the duties hereunder pursuant to Section 7.2.


 


(g)       As
compensation for its activities hereunder, on each Distribution Date the Certificate Administrator shall be entitled to the Certificate
Administrator Fee (including that portion which is payable to the Trustee as the Trustee Fee). Except as otherwise provided herein,
the Certificate Administrator’s fee includes all routine expenses of the Trustee, the Certificate Administrator and the
Authenticating Agent. Each of the Trustee’s and Certificate Administrator’s rights to the Certificate Administrator
Fee (including that portion of the Certificate Administrator Fee that represents the Trustee Fee, which is payable to the Trustee)
may not be transferred in whole or in part except in connection with the transfer of all of the Trustee’s or Certificate
Administrator’s, as applicable, responsibilities and obligations under this Agreement.


 


(h)       KeyBank,
National Association and any successor holder of the Excess Servicing Fee Rights shall be entitled, at any time at its own expense,
to transfer, sell, pledge or otherwise assign such Excess Servicing Fee Rights in whole (but not in part), to a QIB or Institutional
Accredited Investor (other than a Plan), provided that no such transfer, sale, pledge or other assignment shall be made
unless (i) that transfer, sale, pledge or other assignment is exempt from the registration and/or qualification requirements of
the Act and any applicable state securities laws and is otherwise made in accordance with the Act and such state securities laws,
(ii) the prospective transferor shall have delivered to the Depositor a certificate substantially in the form attached as Exhibit
N-1 hereto, and (iii) the prospective transferee shall have delivered to KeyBank, National Association and the Depositor a
certificate substantially in the form attached as Exhibit N-2 hereto. None of the Depositor, the Trustee or the Certificate
Registrar is obligated to register or qualify an Excess Servicing Fee Right under the Act or any other securities law or to take
any action not otherwise required under this Agreement to permit the transfer, sale, pledge or assignment of an Excess Servicing
Fee Right without registration or qualification. KeyBank, National Association and each holder of an Excess Servicing Fee Right


 






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desiring to effect a transfer, sale, pledge or other assignment of such Excess Servicing Fee right shall, and KeyBank, National
Association hereby agrees, and each such holder of an Excess Servicing Fee Right by its acceptance of such Excess Servicing Fee
Right shall be deemed to have agreed, in connection with any transfer of such Excess Servicing Fee Right effected by such Person,
to indemnify the Certificateholders, the Trust, the Depositor, the Initial Purchasers, the Certificate Administrator, the Trustee,
the Servicer, the Special Servicer and the Operating Advisor against any liability that may result if such transfer is not exempt
from registration and/or qualification under the Act or other applicable federal and state securities laws or is not made in accordance
with such federal and state laws or in accordance with the foregoing provisions of this paragraph. By its acceptance of an Excess
Servicing Fee right, the holder thereof shall be deemed to have agreed to use or disclose such information in any manner that
could result in a violation of any provision of the Act or other applicable securities laws or that would require registration
of such Excess Servicing Fee Right or any Certificate pursuant to the Act. Following any transfer, sale, pledge or assignment
of any Excess Servicing Fee Right or the termination of KeyBank, National Association as the Servicer, the Person then acting
as the Servicer, shall pay, out of each amount paid to such Servicer as Servicing Fees, the related Excess Servicing Fees to the
holder of such Excess Servicing Fee Right within one Business Day following the payment of such Servicing Fees to such Servicer,
in each case in accordance with payment instructions provided by such holder in writing to such Servicer. The holder of an Excess
Servicing Fee Right shall not have any rights under this Agreement except as set forth in the preceding sentences of this paragraph.
None of the Depositor, the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor shall have any
obligation whatsoever regarding payment of the Excess Servicing Fee or the assignment or transfer of the Excess Servicing Fee
Right.


 


(i)       The
Special Servicer and its Affiliates shall be prohibited from receiving or retaining any Disclosable Special Servicer Fees and
any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates shall be remitted to the Servicer
to be deposited by the Servicer into the Collection Account within two (2) Business Days of the receipt of such Disclosable Special
Servicer Fees by the Special Servicer or its Affiliates.


 


(j)       With
respect to each Distribution Date immediately following receipt of any Disclosable Special Servicer Fees, the Special Servicer
shall deliver or cause to be delivered to the Servicer on the Determination Date related to such Distribution Date, and the Servicer
(to the extent it has received such report) shall deliver to the Certificate Administrator, without charge, one Business Day prior
to the Distribution Date, an electronic report which may include HTML, word or excel compatible format, clean and searchable PDF
format or such other format as mutually agreeable between the Certificate Administrator, the Servicer and the Special Servicer
that discloses and contains an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any
of its Affiliates, if any, with respect to such Distribution Date.


 


3.18.       Reports
to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and
deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator,
consistent with Accepted Servicing Practices, not later than (i) 3:00 p.m. (New York time) two (2) Business Days prior to
each Distribution Date, the CREFC® Loan Periodic Update File, (ii) 2:00 p.m.


 






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(New York time) one (1) Business
Day prior to each Distribution Date, any updated CREFC® Loan Periodic Update File, if applicable, and (iii)
3:00 p.m. (New York time) one (1) Business Day prior to each Distribution Date, the remaining CREFC® Reports
(except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special
Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI
Adjustment Worksheet) available (i) prior to the securitization of the Companion Loan, to the Companion Loan Holders on each
Distribution Date; and (ii) following securitization of the Companion Loan, to the master servicer of the Other
Securitization Trust no later than two (2) Business Days after the Determination Date.


 


The
CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be
delivered to the Certificate Administrator by the Servicer (or by the Special Servicer, with respect to Specially Serviced Mortgage
Loans or REO Property) on a quarterly and annual basis (commencing with the quarter ending September 2018 and year ending December
31, 2018, each within 30 days after receipt by the Servicer or the Special Servicer, as applicable), within 30 days after receipt
by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other
information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis
Report and the CREFC® NOI Adjustment Worksheet, but will not be deemed to have been received by the Certificate
Administrator until such time as it is actually received; provided, however, that any analysis or report with respect
to the first calendar quarter of each year shall not be required to the extent provided in the then-current applicable CREFC®
guidelines. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and
CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however,
the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and
no analysis or update shall be required to the extent such analysis or update is not required to be provided under the then-current
applicable CREFC® guidelines.


 


The
Special Servicer, if the Mortgage Loan is a Specially Serviced Mortgage Loan, and the Servicer, if the Mortgage Loan is not a
Specially Serviced Mortgage Loan, shall use efforts consistent with Accepted Servicing Practices to collect promptly and review
from the Borrower quarterly and annual operating statements, financial statements, budgets and rent rolls of the Properties, and
the quarterly and annual financial statements of the Borrower, and any other reports or documents required to be delivered under
the terms of the Mortgage Loan. The Servicer and the Special Servicer shall not be required to request such operating statements
or rent rolls more than once if the Borrower is not required to deliver such statements pursuant to the terms of the Mortgage
Loan documents. Upon request, the Servicer or Special Servicer, as applicable, shall deliver copies of any of the foregoing items
so collected thereby to the 17g-5 Information Provider who shall post such items to the 17g-5 Information Provider’s Website.
Additionally, the servicer shall deliver the CREFC® Operating Statement Analysis Report and CREFC®
NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer
shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis or
update shall be required to the extent such analysis or update is not required to be provided under the then current applicable
CREFC® guidelines.


 






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(b)       The
Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by
it pursuant to this Agreement not later than the time period specified in Section 3.18(a), and thereafter, upon the request
of any Rating Agency, to the 17g-5 Information Provider, who shall make such reports available to the Rating Agencies on its website.


 


(c)       The
Servicer shall produce the reports described in this Section 3.18 solely from information provided to the Servicer by the
Loan Parties pursuant to the Mortgage Loan Agreement (without modification, interpretation or analysis) or by the Special Servicer,
the Trust Loan Seller or Depositor pursuant to this Agreement. None of the Trustee, the Certificate Administrator, the Servicer
or the Special Servicer shall be responsible for the completeness or accuracy of such information (except that the Servicer shall
use efforts consistent with Accepted Servicing Practices to correct patent errors). The Special Servicer shall pursuant to Section
3.18(a) of this Agreement to deliver to the Servicer the information required of it pursuant to this Section 3.18(c)
with respect to the Mortgage Loan if it is a Specially Serviced Mortgage Loan commencing in August 2018 and within thirty (30)
days after its receipt of any operating statement and related rent rolls for any Property or Foreclosed Property.


 


3.19.       [Reserved].


 


3.20.       [Reserved].


 


3.21.       Access
to Certain Documentation Regarding the Mortgage Loan and Other Information.


 


(a)       Upon
reasonable advance notice, the Certificate Administrator or the Custodian, as applicable, shall provide reasonable access during
its normal business hours at its Corporate Trust Office to certain reports and to information and documentation in its possession
or in its control regarding the Mortgage Loan to any Privileged Person (which for this purpose excludes each Borrower Affiliate
and any of their respective agents or affiliates); provided, however, that to the extent such reports, information
and documentation is provided to a Rating Agency, the 17g-5 Information Provider shall first post such information to the Certificate
Administrator’s Website. Such information shall include, but shall not be limited to, the CREFC® Reports
provided to the Certificate Administrator by the Servicer.


 


(b)       Upon
request of the Depositor or the Rating Agencies, the 17g-5 Information Provider shall post on the 17g-5 Information Provider’s
Website any additional information requested by the Depositor or the Rating Agencies to the extent such information is delivered
to the 17g-5 Information Provider electronically in accordance with Section 8.14(b). In no event shall the 17g-5 Information
Provider disclose on the 17g-5 Information Provider’s Website which Rating Agency requested such additional information.
In addition, upon delivery by the Depositor to the 17g-5 Information Provider (in an electronic format mutually agreed upon by
the Depositor and the 17g-5 Information Provider) of information designated by the Depositor as having been previously made available
to NRSROs by the Depositor prior to the Closing Date, the 17g-5 Information Provider shall post such information on the 17g-5
Information Provider’s Website pursuant to Section 8.14(b).


 






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(c)       Upon
the request of a Certificateholder or any Beneficial Owner or a prospective purchaser of a Certificate that is a QIB and is designated
as a prospective purchaser by a Certificateholder or Beneficial Owner and, in any case, has delivered an Investor Certification
in the form of Exhibit K-1 hereto to the Depositor and the Certificate Administrator (collectively, the “Rule
144A Information Recipients”), the Certificate Administrator shall make available to the Rule 144A Information Recipients
such information as is specified pursuant to Rule 144A(d)(4) under the Act (“Rule 144A Information”), to the
extent such Rule 144A Information has been received by the Certificate Administrator. If the Certificate Administrator receives
a request for Rule 144A Information in connection with the resale of any Certificate by a Certificateholder or Beneficial Owner,
and such Rule 144A Information has not previously been provided to the Certificate Administrator by the Depositor, the Certificate
Administrator shall, within three (3) Business Days of receipt of such request, notify the Depositor of such request and identify
the Rule 144A Information requested. The Depositor shall use commercially reasonable efforts to provide the requested Rule 144A
Information to the Certificate Administrator, to the extent the requested Rule 144A Information is in the Depositor’s possession.
The Certificate Administrator shall, within three (3) Business Days of receipt of any additional Rule 144A Information from the
Depositor (i) convey such additional requested Rule 144A Information to the requesting Rule 144A Information Recipient and (ii)
post such additional requested Rule 144A Information on the Certificate Administrator’s Website.


 


3.22.       Inspections.
The Servicer shall inspect or cause to be inspected each of the Properties not less frequently than once each year commencing
in 2019, so long as a Special Servicing Loan Event is not then continuing. The Special Servicer shall inspect or cause to be
inspected the Properties, as applicable, promptly following the occurrence of a Special Servicing Loan Event and annually for
so long as a Special Servicing Loan Event is continuing. The Servicer or the Special Servicer, as applicable, shall further
inspect, or cause to be inspected, a Property whenever it receives information that such Property has been materially
damaged, left vacant, or abandoned, or if waste is being committed thereto. All such inspections shall be performed in such
manner as shall be consistent with Accepted Servicing Practices. The cost of the annual inspections referred to in the first
sentence of this paragraph shall be an expense of the Servicer; the cost of all additional inspections referred to in this
paragraph shall be a Trust Fund Expense and if paid by the Servicer shall constitute a Property Protection Advance or an
Administrative Advance. The Servicer or Special Servicer, as the case may be, shall prepare a written report of inspection
and deliver it to the Certificate Administrator and Companion Loan Holders in electronic format. The Certificate
Administrator shall post such report on the Certificate Administrator’s Website pursuant to Section
0.


 


3.23.       Advances.
(a) In the event that all or a portion of any Monthly Payment (other than a Balloon Payment and Default Interest) or an
Assumed Monthly Payment, as applicable, on the Trust Loan has not been received by the close of business on the Business Day
immediately prior to the Remittance Date, the Servicer, subject to its determination that such amounts are not Nonrecoverable
Advances, shall make an advance on such Remittance Date to the Distribution Account, in an amount equal to such Monthly
Payment (or portion thereof) (or in the amount of the Assumed Monthly Payment, or portion thereof, as applicable) with
respect to the Trust Loan that has not been received by the close of business on the Business Day immediately prior to such
Remittance Date (net of the Servicing Fee with respect to the Trust


 






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Loan, which shall not be paid to the Servicer until funds
in the Collection Account are available for payment of such fee); provided that neither the Servicer nor any other
party shall be entitled to interest accrued on the amount of any Monthly Payment Advance with respect to the Trust Loan if
the delinquent amount of the Monthly Payment (or, if applicable, the Assumed Monthly Payment) in respect of such Trust Loan
is received by the Servicer or the Certificate Administrator, as applicable, by 2:00 p.m., New York time, on such Remittance
Date. The portion of any Monthly Payment Advance equal to the CREFC® Intellectual Property Royalty License Fee
for the Trust Loan and such Distribution Date will not be remitted to the Certificate Administrator but shall be remitted to
CREFC® by the Servicer. The Servicer shall also advance in respect of each Payment Date following (x) a
delinquency in the payment of the Balloon Payment of the Trust Loan or foreclosure (or acceptance of a deed-in-lieu of
foreclosure or comparable conversion) of the Mortgage Loan or (y) not later than by 3:00 p.m., New York time, on such
Remittance Date, to the Distribution Account, the amount of any Assumed Monthly Payment deemed due with respect to the Trust
Loan on such Payment Date. For the avoidance of doubt, in the event that the amount of interest and/or principal on the Trust
Loan is reduced as a result of any modification to the Trust Loan, any Monthly Payment Advance made with respect to
such modified Trust Loan shall be in such amounts as may be required as a result of such reduction. Notwithstanding anything
to the contrary herein and subject to the determination of nonrecoverability provided in this Section 3.23, in the
event that a Property becomes a Foreclosed Property, the Servicer shall continue to make advances as required pursuant to
this Section 3.23(a) with respect to each Payment Date following such event in an amount equal to the Monthly Payment
or Assumed Monthly Payment, as applicable, due or deemed due with respect to the Trust Loan on such Payment Date, as if such
Property had not become a Foreclosed Property and the Trust Loan continued to be outstanding. If and to the extent such
information is not already included in the Distribution Date Statement for the month in which such Monthly Payment Advance is
made, the Servicer shall notify the master servicer and trustee with respect to each Other Securitization Trust of the amount
of any Monthly Payment Advance made pursuant to this Section 3.23(a) within two Business days of making such advance.
The Servicer shall maintain a record of each Monthly Payment Advance it has made pursuant to this Section 3.23(a) on
the Trust Loan and shall notify the Certificate Administrator thereof in the appropriate CREFC® Reports in
order to permit allocation thereof pursuant to Sections 3.4 and 3.5. In the event that the Servicer does not
remit any amounts required to be remitted to the Certificate Administrator on each Remittance Date (including any amounts
required to be remitted pursuant to Section 3.5 and any required Monthly Payment Advance) to the Certificate
Administrator for deposit in the Distribution Account on the Remittance Date, the Servicer shall pay to the Certificate
Administrator interest on such amounts at the federal funds rate for the period from and including the Remittance Date to but
excluding the Distribution Date or, if earlier, the actual remittance date.


 


At
any time that a Trust Appraisal Reduction Amount exists, the amount that would otherwise be required to be advanced by the Servicer
in respect of delinquent payments of interest on the Trust Loan shall be reduced by multiplying such amount by a fraction, the
numerator of which is the then-outstanding principal balance of the Trust Loan minus the Trust Appraisal Reduction Amount (including
any deemed Trust Appraisal Reduction Amount) and the denominator of which is the then-outstanding principal balance of the Trust
Loan.


 






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(b)       Subject
to Section 3.23(e), the Servicer shall advance, for the benefit of the Certificateholders and the Companion Loan Holders,
to the extent it determines that such amount is recoverable, all customary and reasonable out-of-pocket costs and expenses incurred
by the Servicer or the Special Servicer in the performance of its respective servicing obligations, including, but not limited,
to the costs and expenses incurred in connection with (i) the preservation, restoration, operation and protection of any Property
which, in the Servicer’s sole discretion, exercised in accordance with Accepted Servicing Practices, are necessary to prevent
an immediate or material loss to the Trust’s interest in the Property, (ii) the payment of (A) real estate taxes, assessments
and governmental charges that may be levied or assessed against any Borrower or any of its Affiliates or the Properties or revenues
therefrom or become liens on such Property, (B) Ground Lease rents or other amounts due under the Ground Leases, (C) insurance
premiums and (D) the out-of-pocket costs and expenses of the Servicer or the Special Servicer, as applicable (including, without
limitation, reasonable attorneys’ fees and expenses) to the extent not paid by the applicable Borrowers that are incurred
in connection with a sale of the Mortgage Loan, the negotiation of a workout of the Mortgage Loan, an assumption of the Mortgage
Loan or a release of any of the Properties from the lien of the applicable Mortgage, (iii) any enforcement or judicial proceedings,
including foreclosures and including, but not limited to, court costs, reasonable attorneys’ fees and expenses and costs
for third party experts, including Independent Appraisers, environmental and engineering consultants, and (iv) the management,
operation and liquidation of a Property if such Property is acquired by the Trust (collectively, “Property Protection
Advances”). In addition, subject to Section 3.23(e), the Servicer shall advance amounts eligible for withdrawal
from the Collection Account pursuant to clauses (iii) (other than Servicing Fees), (v)(b), (vi) (to the extent
reimbursements of such amounts are owed to the Trustee only), (vii), (ix) and (xi) of Section 3.4(c)
(collectively, “Administrative Advances”) on or prior to the related Distribution Date to the extent (A) such
amounts are not paid from the Collection Account pursuant to the second paragraph of Section 3.4(c) and (B) it determines
that such amounts are payable or reimbursable by the Borrowers and would not be a Nonrecoverable Advance. During the continuation
of a Special Servicing Loan Event, the Special Servicer shall give the Servicer and the Trustee not less than five (5) Business
Days’ written notice before the date on which the Servicer is requested to make any Property Protection Advance with respect
to the Mortgage Loan or any Foreclosed Property; provided, however, that only three (3) Business Days’ written
notice shall be required in respect of Property Protection Advances required to be made on an urgent or emergency basis (which
may include, without limitation, Property Protection Advances required to make tax or insurance payments). In addition, the Special
Servicer shall provide the Servicer with such information in its possession as the Servicer may reasonably request to enable the
Servicer to determine whether a requested Property Protection Advance would constitute a Nonrecoverable Advance. Subject to Section
6.3, notwithstanding anything herein to the contrary, if the Special Servicer requests that the Servicer make an Advance,
the Servicer may conclusively rely on such request as evidence that such advance is not a Nonrecoverable Advance; provided,
however, that the Special Servicer shall not be entitled to make such a request more frequently than once per calendar month
with respect to Advances other than emergency Advances (although such request may relate to more than one Advance).


 


(c)       To
the extent the Servicer fails to make an Advance that it is required to make under this Agreement, the Trustee shall be required
to make such Advance pursuant to Section 7.6. It is understood that the obligation of the Servicer and the Trustee (pursuant
to


 






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Section 7.6) to make such Advances is mandatory, subject to the limitations set forth in this Agreement, and shall continue
to apply after any modification or amendment of the Mortgage Loan pursuant to Section 3.24 hereof, beyond the Floating
Rate Loan Scheduled Maturity Date or Extended Maturity Date or Fixed Rate Loan Maturity Date, as applicable, if a payment default
shall have occurred on such date and through any court appointed stay period or similar payment delay resulting from any insolvency
of any Borrower, any Principal or related bankruptcy, notwithstanding any other provision of this Agreement, subject to the requirement
of recoverability, until the earliest of (i) the payment in full of all the Mortgage Loan, (ii) the date on which all of the applicable
Properties become liquidated or (iii) the date on which the Mortgage Loan is sold.


 


(d)       Interest
on each Advance made by the Servicer or the Trustee shall accrue for each day that such Advance is outstanding at a rate of interest
equal to the “prime rate” published in the “Money Rates” section of The Wall Street Journal; if
The Wall Street Journal ceases to publish the “prime rate”, then the Servicer shall select an equivalent publication
that publishes such “prime rate”, and if such “prime rate” is no longer generally published or is limited,
regulated or administered by a governmental or quasi-governmental body, then the Servicer shall reasonably select a comparable
interest rate index (the “Advance Rate”) for each such day (or the most recent day on which the “prime
rate” was reported, if not reported on such day) on the basis of a year of 360 days and the actual number of days elapsed
in a month. Interest on the Advances shall compound annually.


 


(e)       Notwithstanding
any other provision in this Agreement, the Servicer or the Trustee, as applicable, shall be obligated to make an Advance only
to the extent that the Servicer or the Trustee, as applicable, has determined that such Advance, together with interest thereon
at the Advance Rate, would not constitute a Nonrecoverable Advance if made. The Trustee and the Servicer, in that order, shall
be entitled to reimbursement for any such Advances relating to the Trust Loan or the Mortgage Loan, as applicable, from the Collection
Account and shall obtain such reimbursement in accordance with Section 3.4(c). If the context requires, each reference
to the reimbursement or payment of an Advance shall be deemed to include, whether or not specifically referred to, payment or
reimbursement of interest thereon at the Advance Rate through but excluding the date of payment or reimbursement.


 


(f)       The
determination by the Servicer or the Trustee that it has made a Nonrecoverable Advance or that any proposed Advance, if made,
would constitute a Nonrecoverable Advance, shall be evidenced by the delivery of an Officer’s Certificate to the Operating
Advisor, the Companion Loan Holders, the Certificate Administrator, the Trustee (if such determination is made by the Servicer),
the Servicer, the Special Servicer, and the Directing Certificateholder (prior to the occurrence of a Consultation Termination
Event), detailing the reasons for such determination with supporting documents attached. Such Officer’s Certificate shall
be made available to any Privileged Person by the Certificate Administrator posting such Officer’s Certificate to the Certificate
Administrator’s Website in accordance with Section 8.14(b). The costs of any appraisals, engineering reports, environmental
reports or surveys and other information requested by the Servicer or the Trustee establishing an Advance as a Nonrecoverable
Advance shall be treated as Trust Fund Expenses, payable from the Collection Account pursuant to Section 3.4(c), and shall
constitute a Property Protection Advance or Administrative Advance, as applicable, if paid by the Servicer or the Trustee from
its


 






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funds. Subject to Section 6.3, the Servicer’s reasonable determination of nonrecoverability in accordance with
the above provisions shall be conclusive and binding on the Trustee and the Trustee shall be entitled to rely conclusively thereupon.
The Trustee, in determining whether or not a proposed Advance would be a Nonrecoverable Advance, shall make such determination
in its commercially reasonable judgment, solely in its capacity as Trustee.


 


(g)       The
Servicer and the Trustee are not obligated to advance or pay (i) delinquent scheduled payments with respect to the Companion Loans,
(ii) the Balloon Payment with respect to the Trust Loan (but are obligated to advance the related Assumed Monthly Payment in accordance
with the terms of this Agreement), (iii) any Default Interest or Prepayment Charges, (iii) amounts required to cure any damages
resulting from Uninsured Causes (except as required pursuant to Section 3.12(c)), any failure of a Property to comply with
any applicable law, including any environmental law, or (except in connection with the foreclosure or other acquisition of a Property
in accordance with Section 3.12 upon the occurrence of a Mortgage Loan Event of Default) to investigate, test, monitor,
contain, clean up, or remedy an environmental condition present at a Property, (iv) any losses arising with respect to defects
in the title to a Property, (v) any costs of capital improvements to a Property other than those necessary to prevent an immediate
or material loss to the Trust’s interest in such Property or (vi) subordinated obligations. In addition, the Servicer and
the Trustee shall have no obligation to make any Monthly Payment Advances with respect to the Companion Loans.


 


(h)       The
Servicer or the Trustee may, but shall not be obligated to, consider (among other things) the following when making a non-recoverability
determination: (a) the existence of any outstanding Nonrecoverable Advance (plus accrued and unpaid interest thereon) with respect
to the Trust Loan or any Foreclosed Property the reimbursement of which, at the time of such consideration, is being deferred
or delayed by the Servicer or the Trustee, (b) the obligations of the Borrowers under the terms of the Mortgage Loan as it may
have been modified, (c) the Properties in their “as-is” or then-current conditions and occupancies, as modified by
such party’s assumptions (consistent with Accepted Servicing Practices in the case of the Servicer and the Special Servicer
or in its commercially reasonable judgment in the case of the Trustee, solely in its capacity as Trustee) regarding the possibility
and effects of future adverse changes with respect to the Properties, (d) future expenses and (e) the timing of recoveries.


 


3.24.       Modifications
of Mortgage Loan Documents. (a) The Servicer (if no Special Servicing Loan Event has occurred and is continuing) or the
Special Servicer (if a Special Servicing Loan Event occurs and is continuing) may modify, waive or amend or consent to any
term of the Mortgage Loan, subject to (x) the consent of the Directing Certificateholder prior to the occurrence and
continuance of a Control Event, (y) the consultation and review rights of the Directing Certificateholder after the
occurrence and during the continuance of a Control Event but prior to the occurrence of a Consultation Termination Event and
(z) the consultation and review rights of the Operating Advisor after the occurrence and during the continuance of an
Operating Advisor Consultation Event, if such modification, waiver or amendment (a) is consistent with Accepted Servicing
Practices and (b) does not either (i) cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC
under the Code or (ii) subject either such Trust REMIC to any tax under the REMIC Provisions (and the Servicer or the Special
Servicer, as applicable, may obtain and be entitled to rely upon an Opinion of


 






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Counsel in connection with such
determination). Notwithstanding anything herein to the contrary, in no event may the Servicer or the Special Servicer permit
an extension of the Maturity Date beyond the date that is seven (7) years prior to the latest Rated Final Distribution Date.
In connection with (i) the release of any Property or portion thereof from the lien of the related Mortgage or (ii) the
taking of any Property or portion thereof by exercise of the power of eminent domain or condemnation, if the Mortgage Loan
Documents require the Servicer or the Special Servicer, as applicable, to calculate the loan-to-value ratio of the remaining
Properties, for purposes of REMIC qualification of the Trust Loan, then, unless then permitted by the REMIC Provisions, such
calculation shall exclude the value of personal property and going concern value, if any. The Servicer shall promptly
provide to the Special Servicer notice of all Borrower requests related to any Mortgage Loan modification or assumption and,
so long as no Consultation Termination Event is continuing, the Special Servicer shall forward such notice to the Directing
Certificateholder.


 


(b)       All
modifications, waivers or amendments of the Mortgage Loan shall be in writing and shall be effected in a manner consistent with
Accepted Servicing Practices, the REMIC Provisions and the provisions of the Co-Lender Agreement. The Servicer or the Special
Servicer, as applicable, shall notify each other, the Trustee, the Certificate Administrator, the Companion Loan Holders, the
Operating Advisor and the Depositor and, so long as no Consultation Termination Event has occurred, the Directing Certificateholder,
in writing of any modification, waiver or amendment of any term of the Mortgage Loan and the date thereof, and shall deliver to
the Certificate Administrator (with a copy to the Trustee, the Operating Advisor and each Companion Loan Holder) an original recorded
counterpart of the agreement relating to such modification, waiver or amendment within ten (10) Business Days following the execution
and recordation (if appropriate) thereof. In the event the Servicer or Special Servicer, or a court of competent jurisdiction
in connection with a workout or proposed workout of the Mortgage Loan, modifies the interest rate applicable to the Mortgage Loan,
the aggregate adverse economic effect of the modification (if any) required to be borne by the holders of the Trust Notes pursuant
to the Co-Lender Agreement shall be applied to the Certificates, in reverse order of seniority. If all or any portion of the Mortgage
Loan is modified, no Net Component Rate shall change for purposes of distributions on the Certificates.


 


(c)       Subject
to Section 3.27, any modification of the Mortgage Loan Documents that requires a Rating Agency Confirmation pursuant to
the Mortgage Loan Documents, or any modification that would eliminate, modify or alter the requirement of obtaining such Rating
Agency Confirmation in the Mortgage Loan Documents, shall not be made without the Servicer’s or the Special Servicer’s,
as applicable, first receipt of such Rating Agency Confirmation. Such Rating Agency Confirmation shall be obtained at the Borrowers’
expense in accordance with the Mortgage Loan Agreement or, if not so provided in the Mortgage Loan Agreement or if the Borrowers
do not pay as a Trust Fund Expense.


 


(d)       Notwithstanding
the foregoing or anything to the contrary in Section 9.3, the Servicer and (if a Special Servicing Loan Event is continuing)
the Special Servicer may, in accordance with Accepted Servicing Practices (without any Rating Agency Confirmation or consent of
the Directing Certificateholder), grant a Borrower’s request for consent to subject a Property to an easement, right-of-way
or similar agreement for utilities, access, parking, public improvements or another similar purpose and may consent to subordination
of the Mortgage


 






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Loan to such easement, right-of-way or similar agreement. Neither the Servicer nor the Special Servicer may condition
the granting of any such request on receipt of Rating Agency Confirmation if such condition would not be consistent with or permitted
by the Mortgage Loan Documents.


 


(e)       Subject
to Section 3.26 of this Agreement, prior to implementing any of the actions under the definition of RAC Decision, the Servicer
or Special Servicer shall obtain a Rating Agency Confirmation from each Rating Agency.


 


3.25.       Conflicts
of Interests; Mandatory Resignation of Servicer and Special Servicer May Own Certificates; Conflicts of Interest. (a) The
Servicer, the Special Servicer and any agent thereof in its individual or any other capacity may become the owner or pledgee
of Certificates with the same rights it would have if it were not the Servicer or the Special Servicer or such agent except
as otherwise provided herein subject to the restrictions on voting set forth in the definition of
Certificateholder.


 


(b)       Neither
the Special Servicer nor any of its Affiliates shall resign from its obligations and duties as Servicer or Special Servicer, as
applicable, under this Agreement, except as provided in Section 6.4 hereof. In the event that the Special Servicer becomes
a Borrower Affiliate, the Special Servicer shall promptly notify the Trustee and the Certificate Administrator of such affiliation.
Upon receipt of such notice, the Trustee shall promptly send a request to the Special Servicer requesting that the Special Servicer
resign as Special Servicer and promptly appoint a replacement special servicer in accordance with Section 6.4 of this Agreement.
In the event that no replacement Special Servicer is appointed within thirty (30) days for any reason after receipt by the Trustee
of a notice of such affiliation, the Trustee may petition the court for appointment of a successor Special Servicer at the expense
of resigning Special Servicer.


 


3.26.       The
Operating Advisor.


 


(a)       The
Operating Advisor shall review (i) the actions of the Special Servicer with respect to the Mortgage Loan when it is a Specially
Serviced Mortgage Loan and the actions of the Special Servicer with respect to Major Decisions relating to the Mortgage Loan when
it is not a Specially Serviced Mortgage Loan, (ii) all reports by the Special Servicer made available to Privileged Persons that
are posted on the Certificate Administrator’s Website and (iii) each Asset Status Report and Final Asset Status Report delivered
to the Operating Advisor by the Special Servicer. The Operating Advisor shall perform its duties hereunder in accordance with
the Operating Advisor Standard. The Operating Advisor shall consider Accepted Servicing Practices in connection with its review
of the Special Servicer activities hereunder, but in no case shall the Operating Advisor itself be bound by Accepted Servicing
Practices.


 


(b)       The
Operating Advisor and its Affiliates will be obligated to keep confidential any information appropriately labeled as “Privileged
Information” received from the Special Servicer or the Directing Certificateholder in connection with the Directing Certificateholder’s
exercise of its rights under this Agreement (including, without limitation, in connection with the review and/or approval of any
Asset Status Report or Final Asset Status Report) or otherwise in connection with this transaction, except under the circumstances


 






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described in Section 3.26(f) and subject to any law, rule, regulation, order, judgment or decree requiring the disclosure
of such Privileged Information. Subject to the terms and conditions in this Agreement related to Privileged Information, the Operating
Advisor agrees that it shall use information received from the Special Servicer pursuant to the terms of this Agreement solely
for purposes of complying with its duties and obligations hereunder.


 


(c)       (i)
Based on the Operating Advisor’s review of (x) Assessment of Compliance, Attestation Report, Major Decision Reporting Package,
Asset Status Report, Final Asset Status Report and other reports delivered to the Operating Advisor by the Special Servicer made
available to Privileged Persons that are posted on the Certificate Administrator’s Website during the prior calendar year,
(y) prior to the occurrence and continuance of an Operating Advisor Consultation Event, with respect to the Mortgage Loan when
it is a Specially Serviced Mortgage Loan, any Final Asset Status Report or Major Decision Reporting Package, and (z) after the
occurrence and continuance of an Operating Advisor Consultation Event, any Asset Status Report and any Major Decision Reporting
Package, the Operating Advisor shall (if, at any time during the prior calendar year, (A) the Mortgage Loan was a Specially Serviced
Mortgage Loan or (B) there existed an Operating Advisor Consultation Event) deliver to the Certificate Administrator (which shall
promptly post such report on the Certificate Administrator’s Website in accordance with Section 8.14(b)), the 17g-5
Information Provider (who shall post it to the 17g-5 Information Provider’s Website in accordance with Section 8.14(b))
and the Depositor within one hundred twenty (120) days of the end of the prior calendar year, an annual report (the “Operating
Advisor Annual Report”), substantially in the form of Exhibit Z (which form may be modified or altered as to
either its organization or content by the Operating Advisor, subject to compliance of such form with the terms and provisions
of this Agreement including, without limitation, provisions herein relating to Privileged Information; provided, however,
that in no event shall the information or any other content included in the Operating Advisor Annual Report contravene any provision
of this Agreement), setting forth whether the Operating Advisor believes, in its sole discretion exercised in good faith, that
the Special Servicer is operating in compliance with Accepted Servicing Practices with respect to its performance of its duties
under this Agreement during the prior calendar year and identifying which, if any, standards the Operating Advisor believes, in
its sole discretion exercised in good faith, the Special Servicer has failed to comply; provided, however, that
in the event the Special Servicer is replaced, the Operating Advisor Annual Report shall only relate to such Special Servicer
that was acting as Special Servicer as of December 31 in the prior calendar year and is continuing in such capacity through the
date of such Operating Advisor Annual Report. Subject to the restrictions in this Agreement, including, without limitation, Section
3.26(d) hereof, each such Operating Advisor Annual Report shall (A) identify any material deviations from (i) Accepted Servicing
Practices and (ii) the Special Servicer’s obligations under this Agreement with respect to the resolution or liquidation
of any Specially Serviced Mortgage Loan or Foreclosed Property and (B) comply with all of the confidentiality requirements described
in this Agreement regarding Privileged Information (subject to a Privileged Information Exception). Such Operating Advisor Annual
Report shall be delivered to the Certificate Administrator (which shall promptly post such Operating Advisor Annual Report on
the Certificate Administrator’s Website in accordance with Section 8.14(b)) and the 17g-5 Information Provider (who
shall post it to the 17g-5 Information Provider’s Website in accordance with Section 8.14(b)); provided, however,
that the Special Servicer shall be given an opportunity to review the Operating Advisor Annual Report at least five (5) Business
Days prior to its delivery to the Certificate Administrator and the 17g-5


 






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Information Provider. In preparing the Operating Advisor
Annual Report, the Operating Advisor shall not be required to report on instances of non-compliance with, or deviations from,
Accepted Servicing Practices or the Special Servicer’s obligations under this Agreement that the Operating Advisor determines,
in its sole discretion exercised in good faith, to be immaterial. The Operating Advisor shall have no obligation to adopt any
comments to the Operating Advisor Annual Report that are provided by the Special Servicer.


 


(ii)       In
the event the Operating Advisor’s ability to perform its obligations in respect of the Operating Advisor Annual Report is
limited or prohibited due to the failure of a party hereto to timely deliver information required to be delivered to the Operating
Advisor or because such information is inaccurate or incomplete, the Operating Advisor shall set forth such limitations or prohibitions
in the related Operating Advisor Annual Report and the Operating Advisor shall not be subject to any liability arising from such
limitations or prohibitions. The Operating Advisor shall be entitled to conclusively rely on the accuracy and completeness of
any information it is provided without liability for any such reliance hereunder.


 


(d)       (i)
After the calculation but prior to the utilization by the Special Servicer of any of the calculations related to (i) Appraisal
Reduction Amounts or (ii) net present value in accordance with Section 1.3(c) used in the Special Servicer’s determination
of that course of action to take in connection with the workout or liquidation of the Mortgage Loan when it is a Specially Serviced
Mortgage Loan, the Special Servicer shall forward such calculations, together with any supporting material or additional information
necessary in support thereof (including such additional information reasonably requested by the Operating Advisor to confirm the
mathematical accuracy of such calculations, but not including any Privileged Information), to the Operating Advisor promptly,
but in any event no later than two (2) Business Days after preparing such calculations, and the Operating Advisor shall promptly,
but no later than three (3) Business Days after receipt of such calculations and any supporting or additional materials, recalculate
the accuracy of the mathematical calculations and the corresponding application of the non-discretionary portion of the applicable
formulas required to be utilized in connection with any such calculation.


 


(ii)       In
connection with this Section 3.26(d), in the event the Operating Advisor does not agree with the mathematical calculations
of the Appraisal Reduction Amount (as calculated by the Special Servicer) or net present value or the application of the applicable
non-discretionary portions of the formula required to be utilized for such calculation, the Operating Advisor and the Special
Servicer shall consult with each other in order to resolve any inaccuracy in the mathematical calculations or the application
of the non-discretionary portions of the related formula in arriving at those mathematical calculations or any disagreement within
five (5) Business Days of delivery of such calculations. In addition, with respect to the Operating Advisor’s review of
net present value or Appraisal Reduction Amount calculations, as applicable, the Operating Advisor’s recalculation shall
not be required to take into account the reasonableness of the Special Servicer’s property and borrower performance assumptions
or other similar discretionary portion(s) of the net present value or Appraisal Reduction Amount calculation, as applicable. The
Servicer shall cooperate with the Special Servicer and provide any information reasonably requested by such Special Servicer necessary
for the calculation of the Appraisal Reduction Amount that is in the Servicer’s possession or reasonably obtainable by the
Servicer. In the event the Operating Advisor and the Special Servicer are not able to resolve


 






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such inaccuracies or disagreement
prior to the end of such five (5) Business Day period, the Operating Advisor shall promptly notify the Certificate Administrator
of such disagreement and the Certificate Administrator shall examine the calculations and supporting materials provided by the
Operating Advisor and the Special Servicer and determine which calculation is to apply (and shall provide prompt written notice
of such determination to the Operating Advisor and the Special Servicer).


 


(e)       Notwithstanding
the foregoing, prior to the occurrence and continuance of an Operating Advisor Consultation Event, the Operating Advisor will
be limited to an after-the-action review of any assessment of compliance, attestation report, Major Decision Reporting Package,
Asset Status Report, Final Asset Status Report and other information delivered to the Operating Advisor by the Special Servicer
or made available to Privileged Persons that are posted on the Certificate Administrator’s Website during the prior calendar
year (together with any additional information and material reviewed by the Operating Advisor), and, therefore, it shall have
no specific involvement with respect to collateral substitutions, assignments, workouts, modifications, consents, waivers, lockbox
management, insurance policies, borrower substitutions, lease changes, additional borrower debt, property management changes,
releases from escrow, assumptions and other similar actions that the Special Servicer may perform under this Agreement.


 


(f)       The
Operating Advisor and its Affiliates shall keep all information appropriately labeled as “Privileged Information”
confidential and shall not, without the prior written consent of the Special Servicer and (for so long as no Consultation Termination
Event is continuing) the Directing Certificateholder, disclose such information to any other Person (including any Certificateholders
other than the Directing Certificateholder), other than (i) to the extent expressly set forth herein, to the other parties to
this Agreement with a notice indicating that such information is Privileged Information, (ii) pursuant to a Privileged Information
Exception or (iii) where necessary to support specific findings or conclusions concerning allegations of deviations from Accepted
Servicing Practices (A) in the Operating Advisor Annual Report or (B) in connection with a recommendation by the Operating Advisor
to replace the Special Servicer. Each party to this Agreement that receives information that is appropriately labeled as “Privileged
Information” from the Operating Advisor with a notice stating that such information is Privileged Information shall not,
without the prior written consent of the Special Servicer and (for so long as no Consultation Termination Event is continuing)
the Directing Certificateholder, disclose such Privileged Information to any Person other than pursuant to a Privileged Information
Exception. Notwithstanding the foregoing, the Operating Advisor shall be permitted to share Privileged Information with its Affiliates
and any subcontractors of the Operating Advisor that agree in writing to be bound by the same confidentiality provisions applicable
to the Operating Advisor.


 


(g)       Subject
to the requirements of confidentiality imposed on the Operating Advisor herein (including without limitation in respect of Privileged
Information), the Operating Advisor shall respond to Inquiries proposed by Privileged Persons from time to time in accordance
with the terms of Section 4.5.


 


(h)       As
compensation for its activities hereunder, the Operating Advisor shall be entitled to receive the Operating Advisor Fee on each
Distribution Date with respect to the


 






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Mortgage Loan. As to the Mortgage Loan, the Operating Advisor Fee shall accrue from time
to time at the Operating Advisor Fee Rate and shall be computed on the basis of the same principal amount, in the same manner
and for the same Mortgage Loan Interest Accrual Period respecting which any related interest payment on the Trust Loan is computed.


 


The
Operating Advisor shall be entitled to reimbursement of any Operating Advisor Expenses provided for pursuant to Section 3.26(i)
hereof, such amounts to be reimbursed from amounts on deposit in the Collection Account as provided by Section 3.4.
Each successor Operating Advisor shall be required to acknowledge and agree to the terms of the preceding sentence.


 


In
addition, the Operating Advisor Consulting Fee shall be payable to the Operating Advisor with respect to each Asset Status Report
or Major Decision for which the Operating Advisor has consultation obligations hereunder. The Operating Advisor Consulting Fee
shall be payable from funds on deposit in the Collection Account as provided in Section 3.4 of this Agreement, but only
to the extent such Operating Advisor Consulting Fee is actually received from the Borrower. When the Operating Advisor has consultation
obligations with respect to an Asset Status Report or Major Decision under this Agreement, the Servicer or the Special Servicer,
as the case may be, shall use efforts to collect the applicable Operating Advisor Consulting Fee from the Borrower in connection
with such Asset Status Report or Major Decision that are consistent with the efforts that the Servicer or the Special Servicer,
as applicable, would use to collect any Borrower-paid fees not specified in the Mortgage Loan Agreement owed to it in accordance
with Accepted Servicing Practices, but only to the extent not prohibited by the related Mortgage Loan documents. The Servicer
or Special Servicer, as the case may be, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the
Borrower if it determines that such full or partial waiver is in accordance with Accepted Servicing Practices, but in no event
shall the Servicer or such Special Servicer take any enforcement action with respect to the collection of such Operating Advisor
Consulting Fee other than requests for collection; provided that the Servicer or Special Servicer, as applicable, shall
consult, on a non-binding basis, with the Operating Advisor prior to any such waiver or reduction.


 


(i)       The
Operating Advisor may be removed upon (i) the written direction of Holders of Certificates evidencing not less than 15% of the
Voting Rights (taking into account the application of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances
of Classes to which such Appraisal Reduction Amounts are allocable) requesting a vote to terminate and replace the Operating Advisor
with a proposed successor Operating Advisor (provided that the proposed successor Operating Advisor is an Eligible Operating
Advisor), (ii) payment by such Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by
the Certificate Administrator in connection with administering such vote and (iii) receipt by the Trustee and the Certificate
Administrator of Rating Agency Confirmation from each Rating Agency (which confirmations will be obtained by the Certificate Administrator
at the expense of such Holders and will not constitute an additional expense of the Trust). The Certificate Administrator shall
promptly provide written notice to all Certificateholders and the Operating Advisor of such request by posting such notice on
the Certificate Administrator’s Website in accordance with Section 8.14(b), and concurrently by mail at their addresses
appearing on the Certificate Register. Upon the vote or written direction of Holders of a


 






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majority of the aggregate Certificate
Balance of all Classes of Certificates (taking into account the application of Appraisal Reduction Amounts to notionally reduce
the Certificate Balances of Classes to which such Appraisal Reduction Amounts are allocable), the Trustee shall terminate all
of the rights and obligations of the Operating Advisor under this Agreement (other than any rights or obligations that accrued
prior to the date of such termination (including accrued and unpaid compensation) and other than indemnification rights (arising
out of events occurring prior to such termination)) by written notice to the Operating Advisor, and the proposed successor operating
advisor will be appointed.


 


(j)       After
the occurrence of an Operating Advisor Termination Event, the Trustee may, and upon the written direction of Certificateholders
representing at least 25% of the Voting Rights (taking into account the application of any Appraisal Reduction Amounts to notionally
reduce the Certificate Balance of the Classes of Certificates), the Trustee shall promptly terminate the Operating Advisor for
cause and appoint a replacement Operating Advisor that is an Eligible Operating Advisor; provided, that no such termination
shall be effective until a successor Operating Advisor has been appointed and has assumed all of the obligations of the Operating
Advisor under this Agreement. The Trustee may rely on a certification by the replacement Operating Advisor that it is an Eligible
Operating Advisor. If the Trustee is unable to find a replacement operating advisor that is an Eligible Operating Advisor within
thirty (30) days of the termination of the Operating Advisor, the Depositor shall be permitted to find a replacement. Upon any
termination of the Operating Advisor and appointment of a successor to the Operating Advisor, the Trustee shall, as soon as possible,
give written notice of the termination and appointment to the Special Servicer, the Servicer, the Certificate Administrator, the
Depositor, the Directing Certificateholder (only if no Control Event or Consultation Termination Event is continuing), the Certificateholders
and the 17g-5 Information Provider.


 


(k)       The
Holders of Certificates representing at least 25% of the Voting Rights affected by any Operating Advisor Termination Event hereunder
may waive such Operating Advisor Termination Event within twenty (20) days of the receipt of notice from the Certificate Administrator
of the occurrence of such Operating Advisor Termination Event. Upon any such waiver of an Operating Advisor Termination Event,
such Operating Advisor Termination Event shall cease to exist and shall be deemed to have been remedied for every purpose hereunder.
Upon any such waiver of an Operating Advisor Termination Event by Certificateholders, the Trustee and the Certificate Administrator
shall be entitled to recover all costs and expenses incurred by it in connection with enforcement action taken with respect to
such Operating Advisor Termination Event prior to such waiver from the Trust.


 


(l)       Prior
to the occurrence and continuance of a Control Event, the Directing Certificateholder shall have the right to consent, such consent
not to be unreasonably withheld, conditioned or delayed, to the identity of any replacement Operating Advisor appointed pursuant
to this Section 3.26; provided, further, that such consent will be deemed to have been granted if no objection
is made within ten (10) Business Days following the Directing Certificateholder’s receipt of the request for consent and,
if granted or deemed granted, such consent cannot thereafter be revoked or withdrawn.


 






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(m)       The
Operating Advisor may resign from its obligations and duties hereby imposed on it (a) upon thirty (30) days prior written notice
to the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Directing Certificateholder,
if applicable, if the Operating Advisor has secured a replacement that is an Eligible Operating Advisor and (b) upon the appointment
of, and the acceptance of such appointment by, a successor Operating Advisor that is an Eligible Operating Advisor and receipt
by the Trustee of Rating Agency Confirmation from each Rating Agency. No such resignation by the Operating Advisor shall become
effective until the replacement Operating Advisor shall have assumed the resigning Operating Advisor’s responsibilities
and obligations. If no successor Operating Advisor has been so appointed and accepted the appointment within thirty (30) days
after the notice of resignation, the resigning Operating Advisor may petition any court of competent jurisdiction for the appointment
of a successor operating advisor that is an Eligible Operating Advisor. The resigning Operating Advisor shall pay all costs and
expenses (including costs and expenses incurred by the Trustee and the Certificate Administrator) associated with a transfer of
its duties pursuant to this Section 3.26.


 


(n)       In
the event the Operating Advisor resigns or is otherwise terminated for any reason it shall remain entitled to any accrued and
unpaid Operating Advisor Fees and Operating Advisor Consulting Fees and reimbursement of accrued and unpaid Operating Advisor
Expenses pursuant to Section 3.26(h) and shall also remain entitled to any rights of indemnification provided hereunder.


 


(o)       The
parties hereto agree, and the Certificateholders by their acceptance of their Certificates shall be deemed to have agreed, that
(i) subject to Section 6.3, the Operating Advisor shall have no liability to any Certificateholder for any actions taken
or for refraining from taking any actions under this Agreement, (ii) the Operating Advisor shall act solely as a contracting party
to the extent set forth in this Agreement, (iii) the Operating Advisor shall have no (A) fiduciary duty, or (B) other duty except
with respect to its specific obligations under this Agreement, and shall have no duty to any particular Class of Certificates
or particular Certificateholders, and (iv) the Operating Advisor does not constitute an “investment adviser” within
the meaning of the Investment Advisers Act of 1940, as amended.


 


(p)       The
Operating Advisor shall not make any investment in any Class of Certificates.


 


(q)       The
Operating Advisor may delegate its duties to agents or subcontractors to the extent such agents or subcontractors satisfy clauses
(c), (d) and (f) of the definition of “Eligible Operating Advisor” and so long as the related agreements
or arrangements with such agents or subcontractors are consistent with the provisions of this Section 3.26. Notwithstanding
the foregoing sentence, the Operating Advisor shall remain obligated and primarily liable for any actions required to be performed
hereunder in accordance with the provisions of this Agreement without diminution of such obligation or liability or related obligation
or liability by virtue of such delegation or arrangements or by virtue of indemnification from any Person acting as its agents
or subcontractor to the same extent and under the same terms and conditions as if the Operating Advisor alone were performing
its obligations under this Agreement.


 






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(r)       For
the avoidance of doubt, while the Operating Advisor may serve in a similar capacity with respect to other securitizations that
involve the same parties or Borrower involved in this securitization, any experience or knowledge gained by the Operating Advisor
from such other engagements may not be imputed to the Operating Advisor for this transaction; provided, however,
the Operating Advisor may consider such experience or knowledge as pertinent information for discussion with the Special Servicer
during its periodic meetings.


 


3.27.       Rating
Agency Confirmation. Notwithstanding the terms of the Mortgage Loan Documents or other provisions of this Agreement, if
any action under the Mortgage Loan Documents or this Agreement requires a Rating Agency Confirmation or a written
confirmation from a Rating Agency that a particular action will not cause a downgrade, withdrawal or qualification of the
then-current ratings of the Certificates as a condition precedent to such action, if the party (the “Requesting
Party”) seeking to obtain such Rating Agency Confirmation or written confirmation has made a request to any Rating
Agency for such Rating Agency Confirmation or written confirmation and, within ten (10) Business Days of such request being
sent to the applicable Rating Agency, such Rating Agency has not replied to such request or has responded in a manner that
indicates that such Rating Agency is either declining to review such request or waiving the requirement for Rating Agency
Confirmation or written confirmation, then such Requesting Party shall be required to (i) confirm (through direct
communication and not by posting any confirmation on the 17g-5 Information Provider’s Website) that the applicable
Rating Agency has received the Rating Agency Confirmation or written confirmation request, and, if it has, promptly request
the related Rating Agency Confirmation or written confirmation again, and (ii) if there is no response to either such Rating
Agency Confirmation or written confirmation request within five (5) Business Days of such second request, then (x) with
respect to any condition in any Mortgage Loan Document requiring such Rating Agency Confirmation or such written confirmation
or any other matter under this Agreement relating to the servicing of the Mortgage Loan (other than as set forth in clause
(y) below), such condition shall be deemed to be satisfied (provided that granting such request is in accordance
with Accepted Servicing Practices), and (y) with respect to a replacement of the Servicer or Special Servicer, such condition
shall be deemed to be satisfied with respect to (A) S&P, if the replacement servicer or special servicer is on
S&P’s Select Servicer List as a U.S. Commercial Mortgage Master Servicer or U.S. Commercial Mortgage Special
Servicer, as applicable and (B) DBRS, if DBRS has not cited servicing concerns with respect to the replacement servicer or
special servicer, as applicable, as the sole or material factor in any qualification, downgrade or withdrawal of the ratings
(or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in any other
commercial mortgage-backed securitization transaction serviced by the applicable servicer or special servicer prior to the
time of determination if DBRS is the non-responding Rating Agency.


 


Any
Rating Agency Confirmation requests made by the Servicer, Special Servicer, Certificate Administrator, Trustee or Operating Advisor,
as applicable, pursuant to this Agreement, shall be made in writing (and email shall be sufficient as a writing), which writing
shall contain a cover page indicating the nature of the Rating Agency Confirmation request, and shall contain all back-up material
the Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable, reasonably
deems necessary for the Rating Agency to process such request. Such written Rating Agency Confirmation request shall be provided
in electronic format to the 17g-5


 






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Information Provider, and the 17g-5 Information Provider shall post such request on the 17g-5
Information Provider’s Website in accordance with Section 0.


 


Promptly
following the Servicer’s or the Special Servicer’s determination to take any action discussed in this Section 3.27
following any requirement to obtain a Rating Agency Confirmation being considered satisfied, the Servicer or the Special Servicer,
as applicable, shall provide written notice to the 17g-5 Information Provider of the action taken for the particular item at such
time, and the 17g-5 Information Provider shall post such notice on the 17g-5 Information Provider’s Website in accordance
with Section 8.14(b).


 


3.28.       Miscellaneous
Provisions.


 


(a)       Notwithstanding
the terms of the related Loan Documents, the other provisions of this Agreement or the Co-Lender Agreement, with respect to any
Companion Loan as to which there exists Companion Loan Securities, if any action relating to the servicing and administration
of the Mortgage Loan or any Foreclosed Property, any amendment to this Agreement or replacement of the Servicer, the Special Servicer,
the Certificate Administrator, the Trustee or the Operating Advisor (a “Relevant Action”) requires delivery
of a Rating Agency Confirmation as a condition precedent to such action pursuant to this Agreement, then, except as set forth
below in this paragraph, such action shall also require delivery of a Companion Loan Rating Agency Confirmation to the master
servicer, the special servicer, the certificate administrator or the operating advisor to any Other Securitization Trust as a
condition precedent to such action from each Companion Loan Rating Agency. Each Companion Loan Rating Agency Confirmation shall
be sought by the Servicer or the Special Servicer, as applicable, depending on whichever such party is seeking the corresponding
Rating Agency Confirmation(s) in connection with a Relevant Action. The requirement to obtain a Companion Loan Rating Agency Confirmation
with respect to any Companion Loan Securities will be permitted to be waived by the Servicer and the Special Servicer on, and
will be deemed not to apply on, the same terms and conditions applicable to obtaining Rating Agency Confirmations, as set forth
in this Agreement; provided, that the Servicer or Special Servicer, as applicable, depending on which is seeking the subject
Companion Loan Rating Agency Confirmation, shall forward to one or more of its counterparts (i.e., the master servicer or special
servicer, as applicable), the 17g-5 Information Provider’s counterpart, or such other party or parties (as are agreed to
by the Servicer or the Special Servicer, as applicable, and the applicable parties for the related Other Securitization Trust),
at the expense of the Other Securitization Trust to the extent not borne by the Borrower, and in such format as the sender and
recipient may reasonably agree, (i) the request for such Companion Loan Rating Agency Confirmation all materials forwarded to
the 17g-5 Information Provider under this Agreement in connection with seeking the Rating Agency Confirmation(s) for the applicable
Relevant Action at approximately the same time that such materials are forwarded to the 17g-5 Information Provider, and (ii) any
other materials that the applicable Companion Loan Rating Agency may reasonably request in connection with such Companion Loan
Rating Agency Confirmation promptly following such request.


 


(b)       For
so long as no Consultation Termination Event is continuing, the Special Servicer shall provide notice to the Directing Certificateholder
of any annual meeting with the Borrowers and the Manager pursuant to the Mortgage Loan Documents, and the Special Servicer shall
consult with the Directing Certificateholder regarding an agenda for such meeting


 






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and invite the Directing Certificateholder to
attend such meeting (which invitation the Directing Certificateholder may accept or decline in its discretion). The Special Servicer
shall provide advance notice to the Borrowers that the Directing Certificateholder has no authority to act on behalf of the holder
of the Mortgage Loan.


 


(c)       For
so long as no Consultation Termination Event is continuing, the Special Servicer shall provide notice to Directing Certificateholder
of any material notices that the Special Servicer has received under or related to any Ground Lease (including any Ground Lease
estoppel modifying the terms of a Ground Lease) or other material agreement, and the Special Servicer shall consult with the Directing
Certificateholder with respect to the contents of such notices and, if applicable, obtain the written consent of the Directing
Certificateholder prior to taking any action in respect thereof.


 


3.29.       Companion
Loan Intercreditor Matters.


 


(a)       If,
pursuant to Section 2.8, or Section 3.16 of this Agreement, the Trust Loan is, in its entirety, purchased or repurchased
from the Trust Fund, the subsequent holder thereof shall be bound by the terms of the Co-Lender Agreement and shall assume the
rights and obligations of the holder of the Trust Notes under the Co-Lender Agreement. All portions of the Mortgage File and (to
the extent provided under the Trust Loan Purchase Agreement) other documents pertaining to the Trust Loan shall be endorsed or
assigned to the extent necessary or appropriate to the purchaser of the Trust Loan in its capacity as the holder of the Trust
Notes (as a result of such purchase, repurchase or substitution) and (except for the original Companion Notes) on behalf of the
holders of the Companion Notes. Thereafter, such Mortgage File shall be held by the holder of the Trust Notes or a custodian appointed
thereby for the benefit thereof, on behalf of itself and the Companion Loan Holders as their interests appear under the Co-Lender
Agreement. If the related servicing file is not already in the possession of such party, it shall be delivered to the master servicer
or special servicer, as the case may be, under any separate servicing agreement for the Mortgage Loan.


 


(b)       With
respect to any Companion Loan that becomes the subject of an “asset review” (or such analogous term defined in the
related Other Pooling and Servicing Agreement) pursuant to the related Other Pooling and Servicing Agreement, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator and the Custodian shall reasonably cooperate with the asset representations
reviewer or any other party to the Other Pooling and Servicing Agreement in connection with such asset review by providing the
asset representations reviewer or such other requesting party with any documents reasonably requested by the asset representations
reviewer or such other requesting party (at the expense of the Trust Loan Seller or requesting party), but only to the extent
(i) the requesting party or asset representations reviewer has not been able to obtain such documents from the Trust Loan Seller
or a party to the Other Pooling and Servicing Agreement and (ii) such documents are in the possession of the Servicer, the Special
Servicer, the Trustee, the Certificate Administrator or the Custodian, as the case may be. For the avoidance of doubt, none of
the Servicer, the Special Servicer, the Trustee or the Custodian shall (i) have further obligations for such asset review or be
bound by it or shall (ii) be obligated to provide such documents if providing such documents would, in its reasonable determination,
be a violation of this Agreement or the Co-Lender Agreement.


 






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(c)       Notwithstanding
anything in this Agreement to the contrary, but only to the extent required under the Co-Lender Agreement, the Servicer with respect
to the Mortgage Loan when it is not a Specially Serviced Mortgage Loan or Special Servicer with respect to the Mortgage Loan when
it is a Specially Serviced Mortgage Loan, as applicable, shall consult with the Companion Loan Holders with respect to any matters
with respect to the servicing of the Companion Loans to the extent required under the Co-Lender Agreement. In addition, notwithstanding
anything to the contrary, the Servicer or Special Servicer, as applicable, shall deliver reports and notices to each Companion
Loan Holder to the extent required under the Co-Lender Agreement.


 


(d)       At
any time after a Companion Loan has become part of an Other Securitization Trust and provided that the applicable parties hereto
have received written notice (which may be by email) thereof including contact information for the master servicer and special
servicer with respect to such Other Securitization Trust, all notices, reports, information or other deliverables required to
be delivered to the related Companion Loan Holder pursuant to this Agreement or the Co-Lender Agreement shall be delivered to
the master servicer and special servicer with respect to such Other Securitization Trust (who then may forward such items to the
party entitled to receive such items as and to the extent provided in the related Other Pooling and Servicing Agreement) and,
when so delivered to such master servicer and special servicer, the party hereto that is obligated under this Agreement or the
Co-Lender Agreement to deliver such notices, reports, information or other deliverables shall be deemed to have satisfied its
delivery obligations with respect to such items hereunder or under the Co-Lender Agreement.


 


3.30.       Additional
Matters with Respect to the Trust Loan.


 


(a)       In
the event that the Trust Loan Seller (a “Repurchasing Seller”) repurchases a Trust Note (each, a “Repurchased
Note”) in accordance with Section 2.8 of this Agreement and Section 8 of the Trust Loan Purchase Agreement, and
one or more Companion Notes remain outstanding and are held by one or more Other Securitization Trusts, the Servicer and Special
Servicer agree that pursuant to Sections 2 and 5 of the Co-Lender Agreement, the provisions of this Agreement and the Co-Lender
Agreement shall continue to apply with respect to the servicing and administration of the Mortgage Loan (and the Trust Loan Seller
has agreed to such provisions in the Trust Loan Purchase Agreement) until such time all of the Trust Notes are repurchased by
the Trust Loan Seller or otherwise no longer part of the Trust, and the related successor holders thereof and the Companion Loan
Holders have entered into a replacement servicing agreement with respect to the Mortgage Loan or the Companion Notes are repurchased
from their respective Other Securitization Trusts.


 


(b)       Custody
of the respective Mortgage Loan Documents shall be held exclusively by the Custodian, and record title under the respective Mortgage
Loan Documents shall be held exclusively by the Trustee, on behalf of the Certificateholders, as provided under this Agreement,
except that the Repurchasing Seller shall hold and retain title to its original Repurchased Note and any related endorsements
thereof.


 


(i)       Payments
from the Borrower or any other amounts received with respect to each Note shall be collected as provided in this Agreement by
the Servicer and shall be applied to each related Note in accordance with the Co-Lender Agreement, subject to


 






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Section 3.30(b)(ii).
In the event that any Property becomes Foreclosed Property, payments or any other amounts received with respect to the Mortgage
Loan shall be collected and shall be applied to each Note in accordance with the Co-Lender Agreement and this Agreement, subject
to Section 3.30(b)(ii). Payments or any other amounts received with respect to the related Repurchased Note shall be held
in trust by the Servicer for the benefit of the Repurchasing Seller and remitted (net of the Servicing Fees, Special Servicing
Fees, Certificate Administrator Fees (including that portion of the Certificate Administrator Fees that represents the Trustee
Fees, which are payable to the Trustee), Operating Advisor Fees and any Trust Fund Expenses, Property Protection Advances and
any interest accrued thereon at the Advance Rate that are allocable to or attributable to such Repurchased Note in accordance
with the Co-Lender Agreement and Section 3.30(b)(ii)) to the Repurchasing Seller or its designee by the Servicer on or
before each Distribution Date pursuant to instructions provided by the Repurchasing Seller and deposited and applied in accordance
with this Agreement.


 


(ii)       In
the event that the Servicer or the Special Servicer, as applicable, receives an aggregate payment of less than the aggregate amount
due under the Mortgage Loan at any particular time, the Repurchasing Seller shall be entitled to receive from the Servicer an
amount equal to the Repurchasing Seller’s allocable share of such payment as determined in accordance with the Co-Lender
Agreement and this Section 3.30(b)(ii). All expenses, losses and shortfalls including, without limitation, losses of principal
or interest, Advances that have been declared Nonrecoverable Advances, interest on Advances, Special Servicing Fees, Work-out
Fees and Liquidation Fees (including any such fees related to the related Notes) and other Trust Fund Expenses relating to the
servicing and administration of the Mortgage Loan will be allocated to the holders of the Notes in accordance with the Co-Lender
Agreement. All expenses, losses and shortfalls including, without limitation, losses of principal or interest, Advances that have
been declared Nonrecoverable Advances, interest on Advances, Special Servicing Fees, Work-out Fees and Liquidation Fees (including
any such fees related to the related Notes) and other Trust Fund Expenses that are allocated to the Repurchased Notes shall be
borne by the applicable Repurchasing Seller and shall reduce the amount of collections in respect of the Repurchased Notes that
are distributable to the Repurchasing Seller.


 


(iii)       For
so long as the Mortgage Loan shall be serviced by the Servicer or the Special Servicer in accordance with this Agreement, the
Servicer or the Special Servicer, as applicable, on behalf of the holders thereof shall administer the Mortgage Loan consistent
with the terms of this Agreement. The Repurchasing Seller shall not be permitted to terminate the Servicer or Special Servicer
as servicer or special servicer of the related Repurchased Note. All rights of the mortgagee under the Mortgage Loan will be exercised
by the Servicer or Special Servicer, on behalf of the Trust, the Repurchasing Seller and the Companion Loan Holders to the extent
of their respective interest therein (as a collective whole) in accordance with this Agreement, taking into account the interests
of each of the holders of the Notes and the subordination of the B Notes to the A Notes. Neither the Servicer nor the Trustee
shall have any obligation to make Monthly Payment Advances with respect to the repurchased portion.


 






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(iv)       Funds
collected by the Servicer or the Special Servicer, as applicable, and applied to the Notes shall be deposited and disbursed in
accordance with the provisions hereof. Compensation shall be paid to the Trustee, Certificate Administrator, Servicer, Special
Servicer, Operating Advisor and CREFC® with respect to the related Repurchased Note as provided in this Agreement.
None of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor shall have any
obligation to make any Monthly Payment Advance with respect to the related Repurchased Note. The Servicer, Certificate Administrator,
the Special Servicer and the Operating Advisor shall have no reporting requirement with respect to the related Repurchased Note
other than that the holder of the related Repurchased Note, subject to delivery by such holder of an Investor Certification, shall
be entitled to receive any and all reports and have access to any and all information that a Certificateholder would otherwise
have under the terms of this Agreement.


 


(c)       If
any Note is considered a Specially Serviced Mortgage Loan, then each Note shall be a Specially Serviced Mortgage Loan under this
Agreement. The Special Servicer shall cause such related Repurchased Note to be specially serviced for the benefit of the Repurchasing
Seller in accordance with the terms and provisions set forth in this Agreement and shall be entitled to any Special Servicing
Fee, Work-out Fee or Liquidation Fee that would be payable to the Special Servicer under this Agreement.


 


(d)       If
(A) the Servicer shall pay any amount to the Repurchasing Seller pursuant hereto in the belief or expectation that a related payment
has been made or will be received or collected and (B) such related payment is not received or collected by the Servicer, then
the Repurchasing Seller will promptly on demand by the Servicer return such amount to the Servicer. If the Servicer determines
at any time that any amount received or collected by the Servicer in respect of the Mortgage Loan must be returned to the Borrower
or paid to any other Person or entity pursuant to any insolvency law or otherwise, notwithstanding any other provision of this
Agreement, the Servicer shall not be required to distribute any portion thereof to the Repurchasing Seller, and the Repurchasing
Seller will promptly on demand by the Servicer repay, which obligation shall survive the termination of this Agreement, any portion
thereof that the Servicer may have distributed to the Repurchasing Seller, together with interest thereon at such rate, if any,
as the Servicer may pay to the Borrower or such other Person or entity with respect thereto.


 


(e)       Subject
to this Agreement, the Servicer, or the Special Servicer, as applicable, on behalf of the holders of the Repurchased Note, shall
have the exclusive right and obligation to (i) administer, service and make all decisions and determinations regarding the Mortgage
Loan, and (ii) enforce the Mortgage Loan Documents as provided hereunder. Without limiting the generality of the preceding sentence,
the Servicer, or Special Servicer, as applicable, may provide consent to any action or inaction under the Mortgage Loan Documents,
agree to any modification, waiver or amendment of any term of, forgive interest on and principal of, capitalize interest on, permit
the release, addition or substitution of collateral securing, and/or permit the release of the Borrower on or any guarantor of
the Mortgage Loan without the consent of the Repurchasing Seller, subject, however, to Section 3.24.


 






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(f)       In
taking or refraining from taking any action permitted hereunder, the Servicer and the Special Servicer shall each be subject to
the same degree of care with respect to the administration and servicing of the Mortgage Loan as is consistent with this Agreement;
and shall only be liable to the Repurchasing Seller to the same extent as set forth herein as it is liable to the Trust.


 


(g)       If
the Trustee or the Servicer has made a Property Protection Advance or an Administrative Advance with respect to the Mortgage Loan
that would otherwise be reimbursable to such advancing party under this Agreement, and such Advance is determined to be a Nonrecoverable
Advance, the Repurchasing Seller shall reimburse the Trustee, the Certificate Administrator, the Servicer or the Special Servicer,
as applicable, in an amount equal to its allocable share of such Nonrecoverable Advance and accrued interest thereon at the Advance
Rate as determined in accordance with Section 2(b) of the Co-Lender Agreement and Section 3.30(b)(ii).


 


(h)       The
Repurchasing Seller shall have the right to assign the related Repurchased Note; provided that the assignee of the related
Repurchased Note shall agree in writing to be bound by the terms of this Agreement.


 


(i)       The
Servicer and the Special Servicer shall, in connection with their servicing and administrative duties under this Agreement, exercise
efforts consistent with Accepted Servicing Practices to execute and deliver, on behalf of the Repurchasing Seller as a holder
of the related Repurchased Note, any and all documents and instruments necessary to maintain the lien created by the Mortgage
or other security document related to the Mortgage Loan on the Properties and related collateral, any and all modifications, waivers,
amendments or consents to or with respect to the Mortgage Loan Documents, and any and all instruments of satisfaction or cancellation,
or of full release or discharge, and all other comparable instruments with respect to the related Repurchased Note or related
Repurchased Notes and the Properties all in accordance with, and subject to, the terms of this Agreement. The Repurchasing Seller
agrees to furnish, or cause to be furnished, to the Servicer and the Special Servicer any powers of attorney or other documents
necessary or appropriate to enable the Servicer or the Special Servicer, as the case may be, to carry out its servicing and administrative
duties under this Agreement related to the Mortgage Loan; provided, however, that the Repurchasing Seller shall
not be liable, and shall be indemnified by the Servicer or the Special Servicer, as applicable, for any negligence with respect
to, or misuse of, any such power of attorney by the Servicer or the Special Servicer, as the case may be; and further provided
that the Servicer or the Special Servicer, without the written consent of the Repurchasing Seller, shall not initiate any
action in the name of the Repurchasing Seller without indicating its representative capacity that actually causes the Repurchasing
Seller to be registered to do business in any state.


 


(j)       The
Repurchasing Seller agrees to deliver to the Servicer or the Special Servicer, as applicable the Mortgage Loan Documents related
to the related Repurchased Note or related Repurchased Notes, as applicable, any receipt for release and any court pleadings,
requests for trustee’s sale or other documents necessary to the foreclosure or trustee’s sale in respect of the Properties
or to any legal action or to enforce any other remedies or rights provided by the Note(s) or the Mortgage or otherwise available
at law or equity with respect to the related Repurchased Note.


 






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The
rights granted to the Repurchasing Seller under this Section 3.30 shall in all respects be subject to the general rights,
indemnification in favor of the Certificate Administrator, Trustee, Servicer, Special Servicer and the Operating Advisor, protections,
limitations on liability and immunities granted to the parties in this Agreement (including, but not limited to, Section 6.3)
and this Section 3.30 shall not be construed to limit such indemnification in favor of the Certificate Administrator, Trustee,
Servicer, Special Servicer and Operating Advisor rights, protections, limitations on liability and immunities which shall apply
to all the Notes, including the Repurchased Note.


 


3.31.       Credit
Risk Retention.


 


(a)       The
Third Party Purchaser, prior to its acquisition of Certificates that constitute the Required Third Party Purchaser Retention Amount,
will be required to enter into an agreement with the Retaining Sponsor (the “Credit Risk Retention Compliance Agreement”).


 


(b)       None
of the Trustee, the Certificate Administrator, the Custodian, the Servicer, the Special Servicer or the Operating Advisor shall
be obligated to monitor, supervise or enforce the performance of any party under the Credit Risk Retention Compliance Agreement.


 


4.       DISTRIBUTIONS
AND STATEMENTS TO CERTIFICATEHOLDERS


 


4.1.       Distributions.


 


(a)
On each Distribution Date, to the extent of Available Funds, amounts held in the Lower-Tier Distribution Account shall be withdrawn
and distributed to the Upper-Tier REMIC in respect of the Uncertificated Lower-Tier Interests, for deposit into the Upper-Tier
Distribution Account, and to the Class R Certificates in respect of the Class LT-R Interest in accordance with Section 4.1(b)
and immediately thereafter, amounts so distributed to the Upper-Tier REMIC shall be withdrawn from the Upper-Tier Distribution
Account and distributed by the Certificate Administrator in the following amounts:


 


first,
to each Class of Class A and Class X Certificates, pro rata, based on their respective Interest Distribution Amounts for
such Distribution Date, in an amount in respect of interest, up to their respective Interest Distribution Amounts on such Distribution
Date;


 


second,
pro rata based upon their respective Class Principal Distribution Amounts for that Distribution Date, to each Class of
Class A Certificates, up to the Class Principal Distribution Amount for each such Class and such Distribution Date until the Certificate
Balance of each such Class is reduced to zero;


 


third,
to each Class of Class A Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts
allocated to each such Class and not reimbursed on prior Distribution Dates), in each case in an amount up to the amount of all
Applied Realized Loss Amounts previously allocated to each such Class and not reimbursed on prior Distribution Dates;


 


fourth,
to each Class of Class B Certificates, pro rata, based upon their respective Interest Distribution Amounts for such Distribution
Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 






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fifth,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class B Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 


sixth,
to each Class of Class B Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts allocated
to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts previously
allocated to such Classes and not reimbursed on prior Distribution Dates;


 


seventh,
to each Class of Class C Certificates, pro rata, based upon their respective Interest Distribution Amounts for such Distribution
Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


eighth,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class C Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 


ninth,
to each Class of Class C Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts allocated
to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts previously
allocated to such Classes and not reimbursed on prior Distribution Dates;


 


tenth,
to each Class of Class D Certificates, pro rata, based upon their respective Interest Distribution Amounts for such Distribution
Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


eleventh,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class D Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 


twelfth,
to each Class of Class D Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts allocated
to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts previously
allocated to such Classes and not reimbursed on prior Distribution Dates;


 


thirteenth,
to each Class of Class E Certificates, pro rata, based upon their respective Interest Distribution Amounts for such
Distribution Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


fourteenth,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class E Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 






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fifteenth,
to each Class of Class E Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts
allocated to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts
previously allocated to such Classes and not reimbursed on prior Distribution Dates;


 


sixteenth,
to each Class of Class F Certificates, pro rata, based upon their respective Interest Distribution Amounts for such
Distribution Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


seventeenth,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class F Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 


eighteenth,
to each Class of Class F Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts
allocated to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts
previously allocated to such Classes and not reimbursed on prior Distribution Dates;


 


nineteenth,
to each Class of Class G Certificates, pro rata, based upon their respective Interest Distribution Amounts for such
Distribution Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


twentieth,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class G Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 


twenty-first,
to each Class of Class G Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts
allocated to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts
previously allocated to such Classes and not reimbursed on prior Distribution Dates;


 


twenty-second,
to each Class of Class H Certificates, pro rata, based upon their respective Interest Distribution Amounts for such
Distribution Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


twenty-third,
pro rata, based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class H Certificates,
up to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance
of such Class is reduced to zero;


 


twenty-fourth,
to each Class of Class H Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts
allocated to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts
previously allocated to such Classes and not reimbursed on prior Distribution Dates;


 






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twenty-fifth,
to each Class of Class HRR Certificates, pro rata, based upon their respective Interest Distribution Amounts for such
Distribution Date, up to the Interest Distribution Amount for such Class and such Distribution Date;


 


twenty-sixth,
based upon the Class Principal Distribution Amount for that Distribution Date, to each Class of Class HRR Certificates, up
to the related Class Principal Distribution Amount for such Class and such Distribution Date until the Certificate Balance of
such Class is reduced to zero;


 


twenty-seventh,
to each Class of Class HRR Certificates, pro rata (based on the aggregate amount of all Applied Realized Loss Amounts
allocated to each such Class and not reimbursed on prior Distribution Dates), up to the amount of all Applied Realized Loss Amounts
previously allocated to such Classes and not reimbursed on prior Distribution Dates; and


 


twenty-eighth,
to the Class R Certificates (in respect of the Class UT-R Interest), any remaining amounts.


 


In
no event will any Class of Certificates receive distributions in reduction of its Certificate Balance which in the aggregate exceed
the original Certificate Balance of such Class.


 


(b)       On
each Distribution Date, each Class of Uncertificated Lower-Tier Interests shall be deemed to receive distributions in respect
of principal or reimbursement of Realized Losses in an amount equal to the amount of principal or reimbursement of Realized Losses
actually distributable to its respective Related Certificates as provided in Sections 4.1(a) and 4.1(g). On each
Distribution Date, each Class of Uncertificated Lower-Tier Interests shall be deemed to receive distributions in respect of interest
in an amount equal to the sum of the Interest Distribution Amount and Interest Shortfall in respect of its Related Certificates
and (i) in the case of the Class LA-FL, LB-FL, LC-FL and LD-FL Uncertificated Interests, the Interest Distribution Amount and
Interest Shortfall in respect of the Class X-FL Certificates, (ii) in the case of the Class LA-FX Uncertificated Interest, the
Interest Distribution Amount and Interest Shortfall in respect of the Class XA-FX Certificates and (iii) in the case of the Class
LB-FX Uncertificated Interest, the Class LC-FX Uncertificated Interest and the Class LD-FX Uncertificated Interest, the Interest
Distribution Amount and Interest Shortfall in respect of the Class XB-FX Certificates (based on the proportion of the interest
accrued at the Class X Strip Rate on each respective Class of Related Certificates to the aggregate interest accrued at the Class
X Strip Rates on all of the respective Classes of Related Certificates), in each case to the extent actually distributable thereon
as provided in Section 4.1(a).


 


As
of any date, the principal balance of each Uncertificated Lower-Tier Interest shall equal its Lower-Tier Principal Amount. The
Pass-Through Rate with respect to each Uncertificated Lower-Tier Interest shall be the rate per annum set forth in the Introductory
Statement hereto.


 


Any
amount that remains in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution
Amount and any Yield Maintenance Default Premium distributed pursuant to Section 4.3(a) shall be distributed to the


 






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Holders
of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier
Distribution Account, if any).


 


Distributions
to the Class R Certificateholders (in respect of the Class LT-R Interest) from the Lower-Tier Distribution Account and to the
Holders of Class R Certificate (in respect of the Class UT-R Interest) and to other Certificateholders from the Upper-Tier Distribution
Account on each Distribution Date shall be made by the Certificate Administrator to each Certificateholder of record on the related
Record Date (other than as provided in Section 10.1 in respect of the final distribution), by wire transfer in immediately
available funds to the account of such Certificateholder at a bank or other entity located in the United States and having appropriate
facilities therefor; provided that the Certificate Administrator has received appropriate wire transfer instructions therefrom,
or by check by first class mail to the address set forth therefor in the Certificate Register if wiring instructions have not
been received at least five (5) Business Days prior to the Distribution Date.


 


(c)       All
amounts distributable to a Class of Certificates pursuant to Section 4.1(a) on each Distribution Date shall be allocated
pro rata among the outstanding Certificates in each such Class based on their respective Percentage Interests. Such distributions
shall be made on each Distribution Date to each Certificateholder of record on the related Record Date by wire transfer of immediately
available funds to the account of such Certificateholder at a bank or other entity located in the United States and having appropriate
facilities therefor provided that the Certificate Administrator has received appropriate wire transfer instructions therefrom,
or by check by first class mail to the address set forth therefor in the Certificate Register if wiring instructions have not
been received at least five (5) Business Days prior to the Distribution Date. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


(d)       The
Certificate Administrator shall, as soon as reasonably possible after notice thereof by the Servicer to the Certificate Administrator
that the final distribution with respect to any Class of Certificates is expected to be made, post a notice on the Certificate
Administrator’s Website pursuant to Section 0 and mail to each Holder of such Class of Certificates on such date
to the effect that:


 


(i)       the
Certificate Administrator reasonably expects based upon information previously provided to it that the final distribution with
respect to such Class of Certificates shall be made on such Distribution Date, but only upon presentation and surrender of such
Certificates at the office of the Certificate Administrator therein specified; and


 


(ii)       if
such final distribution is made on such Distribution Date, no interest shall accrue on such Certificate from and after the end
of the Certificate Interest Accrual Period related to such Distribution Date.


 


(e)       Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust for the benefit of
the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant


 






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to this Section
shall not have been surrendered for cancellation within six (6) months after the time specified in such notice, the Certificate
Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for
cancellation to receive the final distribution with respect thereto. If within one (1) year after the second notice not all of
such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent,
take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their Certificates. The
costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out of such funds. All
such amounts shall be held by the Certificate Administrator in trust in accordance herewith until the expiration of a two-year
period following such second notice, notwithstanding any termination of the Trust Fund. If within two (2) years after the second
notice any such Certificates shall not have been surrendered for cancellation, the Certificate Administrator shall, to the extent
permitted by law, hold all amounts distributable to the Holders thereof for the benefit of such Holders until the earlier of (i)
its termination as Certificate Administrator hereunder and the transfer of such amounts to a successor Certificate Administrator
and (ii) the termination of the Trust Fund, at which time such amounts shall be distributed to the Depositor. No interest shall
accrue or be payable to any Certificateholder on any amount held in trust hereunder or by the Certificate Administrator as a result
of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section
4.1(e). Any such amounts shall not be invested.


 


(f)       The
Certificate Administrator shall be responsible for the calculations with respect to distributions from the Trust so long as the
Trust Fund has not been terminated in accordance with this Agreement. The Certificate Administrator shall have no duty to recompile,
recalculate or verify the accuracy of information provided to it by the Servicer pursuant to Section 3.18(a) and, in the
absence of manifest error in such information, may conclusively rely upon it.


 


(g)       On
each Distribution Date, Realized Losses with respect to the Trust Loan shall be allocated to each Class of Certificates in the
following order:


 


first,
to each Class of the Class HRR Certificates, pro rata, based on their outstanding Certificate Balance of each such
Class, and pro rata between the Class HRR (FL Component) and Class HRR (FX Component) based on the Class HRR (FL Component)
Balance and the Class HRR (FX Component) Balance;


 


second,
to each Class of the Class H Certificates, pro rata, based on their outstanding Certificate Balance of each such Class;


 


third,
to each Class of the Class G Certificates, pro rata, based on their outstanding Certificate Balance of each such Class;


 


fourth,
to each Class of the Class F Certificates, pro rata, based on their outstanding Certificate Balance of each such Class;


 


fifth,
to each Class of the Class E Certificates, pro rata, based on their outstanding Certificate Balance of each such Class;


 








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sixth,
to each Class of the Class D Certificates, pro rata, based on their outstanding Certificate Balance of each such Class,


 


seventh,
to each Class of the Class C Certificates, pro rata, based on their outstanding Certificate Balance of each such Class,


 


eighth,
to each Class of the Class B Certificates, pro rata, based on their outstanding Certificate Balance of each such Class,
and


 


ninth,
to each Class of the Class A Certificates, pro rata, based on their outstanding Certificate Balance of each such Class,


 


in
each case until the Certificate Balance of each such Class or principal balance of such Class HRR Component has been reduced to
zero.


 


The
Notional Amount of the Class X-FL Certificates will each be reduced by the aggregate amount of Realized Losses allocated to the
Class A-FL, Class B-FL, Class-C-FL and Class D-FL Certificates. The Notional Amount of the Class XA-FX Certificates will be reduced
by the amount of Realized Losses allocated to the Class A-FX Certificates. The Notional Amount of the Class XB-FX Certificates
will be reduced by the aggregate amount of Realized Losses allocated to the Class B-FX, Class C-FX and Class D-FX Certificates.


 


Allocations
of Realized Losses to any Class of Certificates shall be deemed to result in a corresponding reduction of the Lower-Tier Principal
Amount of the Related Uncertificated Lower-Tier Interest(s).


 


4.2.       Withholding
Tax.    Notwithstanding any other provision of this Agreement, the Certificate Administrator shall comply with all federal withholding
requirements with respect to payments to Certificateholders and other payees that the Certificate Administrator reasonably believes
are applicable under the Code. The consent of Certificateholders or payees shall not be required for any such withholding and
such Certificateholders shall furnish any information as may be required for the Certificate Administrator to comply with any
withholding requirements. In the event the Certificate Administrator withholds any amount from interest payments or advances thereof
or other amounts to any Certificateholder or payee pursuant to federal withholding requirements, amounts so withheld shall be
treated as having been entirely distributed to such Certificateholder or payee, and the Certificate Administrator shall indicate
the amount withheld to such Certificateholder or payee through a report.


 


4.3.       Allocation
and Distribution of Prepayment Charges. (a)On any Distribution Date, Prepayment Charges, if any, in respect of Component
A-FX during the related Collection Period shall be distributed by the Certificate Administrator to the Holders of the Class
A-FX and Class XA-FX Certificates (collectively, the “YM Group FX-1”) in the following manner: (i) the
Holders of the Class A-FX Certificate shall receive on each Distribution Date an amount of Prepayment Charges equal to the
product of (x) the total amount of principal distributed to the Class A-FX Certificates on such Distribution Date, (y) the
Base Interest Fraction for the related principal prepayment and such Class and (x) the Prepayment Charges allocated in
respect of such Component during the related Collection Period and (ii) any


 






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Prepayment
Charges allocated to YM Group FX-1 during the related Collection Period remaining after such distributions will be distributed
to the Class XA-FX Certificates.


 


(b)On
any Distribution Date, Prepayment Charges, if any, in respect of the Components B-FX, C-FX and D-FX during the related Collection
Period shall be distributed by the Certificate Administrator to the Holders of the Class B-FX, Class C-FX, Class D-FX and Class
XB-FX Certificates (collectively, the “YM Group FX-2”) in the following manner: (i) the Holders of each Class
of Principal Balance Certificates in YM Group FX-2 shall receive on each Distribution Date an amount of Prepayment Charges equal
to the product of (x) a fraction whose numerator is the amount of principal distributed to such Class on such Distribution Date
and whose denominator is the total amount of principal distributed to all of the Principal Balance Certificates in YM Group FX-2
on such Distribution Date, (y) the Base Interest Fraction for the related principal prepayment and such Class and (z) the Prepayment
Charges allocated in respect of all such Components during the related Collection Period and (ii) any Prepayment Charges allocated
to YM Group FX-2 during the related Collection Period remaining after such distributions will be distributed to the Class XB-FX
Certificates.


 


(c)On
any Distribution Date, Prepayment Charges, if any, in respect of the Components E-FX, F-FX, G-FX, H-FX or HRR-FX during the related
Collection Period shall be distributed by the Certificate Administrator to the Holders of the Class E-FX, Class F-FX, G-FX, H-FX
and Class HRR-FX Certificates in the following manner: (a) the Holders of each such Class of Principal Balance Certificates shall
receive on each Distribution Date an amount of Prepayment Charges equal to the product of (i) a fraction whose numerator is the
amount of principal distributed to a Class of such Certificates on such Distribution Date and whose denominator is the total amount
of principal distributed to all of those Certificates on such Distribution Date, and (ii) the Prepayment Charges collected with
respect to each of the Components related to each such Class of Certificates during the related Collection Period.


 


(d)All
Prepayment Charges distributable pursuant to this Section 4.3 shall first be deemed to have been distributed from the Lower-Tier
REMIC to the Upper-Tier REMIC in respect of the Class LA-FX Uncertificated Interest (whether or not the Lower-Tier Principal Amount
of such Uncertificated Lower-Tier Interest has been reduced to zero).


 


4.4.         Statements
to Certificateholders. (a) On each Distribution Date, based on information provided by the Servicer or the Special Servicer,
as applicable, the Certificate Administrator shall prepare and make available pursuant to Section 8.14 to any Privileged
Person (including a Privileged Person who provides the Certificate Administrator with an Investor Certification in the form of
Exhibit K-2 hereto) and shall deliver to each Initial Purchaser, a statement, based on the information provided by the
Servicer or the Special Servicer, as applicable, in respect of the distributions made on such Distribution Date (a “Distribution
Date Statement”) setting forth:


 


(i)        for
each Class of Regular Certificates (1) the amount of the distributions made on such Distribution Date allocable to interest at
the Pass-Through Rate and/or the amount allocable to principal (separately identifying the amount of any principal payments (specifying
the source of such payments)), (2) the amount of any Prepayment Charges


 






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collected
on the Trust Loan allocable to each Class of Certificates (3) and the amount of interest paid on Advances from Default Interest
and allocable to such Class;


 


(ii)       if
the amount of the distributions to the Holders of each Class of Certificates is less than the full amount that would have been
distributable to such Holders if there had been sufficient Available Funds, the amount of the shortfall allocable to such Class,
stating separately the amounts allocable to principal and interest;


 


(iii)      the
amount of any Monthly Payment Advance for such Distribution Date;


 


(iv)      the
Certificate Balance or Notional Amount of each Class of Regular Certificates after giving effect to any distribution in reduction
of the Certificate Balance or Notional Amount, as the case may be, on such Distribution Date and the allocation of Realized Losses
on such Distribution Date;


 


(v)       the
principal balance of the Trust Loan and the Certificate Balance or Notional Amount of each Class of Certificates as of the end
of the Collection Period for such Distribution Date and the amount of Realized Losses allocated to each Class;


 


(vi)      the
aggregate amount of Unscheduled Payments (and the source of such payments) made with respect to the Mortgage Loan during the related
Collection Period and the aggregate amount of such payments allocable to the Trust Loan;


 


(vii)     identification
of any Mortgage Loan Event of Default, any Special Servicing Loan Event, any Servicer Termination Event, any Special Servicer
Termination Event or any Operating Advisor Termination Event that in any case has been declared as of the close of business on
the second Business Day prior to the end of the preceding calendar month;


 


(viii)    the
amount of the servicing compensation (other than the Servicing Fee) paid to the Servicer and the Special Servicer with respect
to such Distribution Date, separately listing any Liquidation Fees or Work-out Fees and any other Loan Party charges retained
by the Servicer or Special Servicer and the amount of compensation paid to the Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator, the Trustee and CREFC®, separately listing the Certificate Administrator Fee (including
the portion that is the Trustee Fee), the Special Servicing Fee, the Operating Advisor Fee and the CREFC® Intellectual
Property Royalty License Fee with respect to such Distribution Date;


 


(ix)       the
number of days the Loan Parties are delinquent in the event that the Loan Parties are delinquent at least 30 days and the date
upon which any foreclosure proceedings have been commenced;


 


(x)        a
list of each Property that as of the close of business on the Payment Date immediately preceding such Distribution Date had become
a Foreclosed Property;


 


(xi)       information
with respect to any declared bankruptcy of any Loan Party;


 






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(xii)      as
to any item of Collateral released, liquidated or disposed of during the preceding Collection Period, the identity of such item
and the amount of proceeds of any liquidation or other amounts, if any, received therefrom during the related Collection Period;


 


(xiii)     a
list of conveyances or transfers of Properties by the Loan Parties reported to the Certificate Administrator (to the extent not
already reported on the CREFC® Reports provided by the Servicer and posted on the Certificate Administrator’s
website);


 


(xiv)     the
aggregate amount of all Advances, if any, not yet reimbursed;


 


(xv)      the
amount of any reimbursement of Nonrecoverable Advances paid to the Servicer or the Trustee;


 


(xvi)     an
itemized report identifying any Appraisal Reduction Amount and any Trust Appraisal Reduction Amount;


 


(xvii)    the
amount of Default Interest, if any, and late payment charges, if any, paid by the Loan Parties during the related Collection Period;


 


(xviii)    the
amount and type of the Prepayment Charges, if any, collected during the related Collection Period and distributed on such Distribution
Date to the Holders of the Certificates;


 


(xix)       the
weighted average spread over LIBOR (or any alternate index then in place under the Mortgage Loan Agreement) of the Floating Rate
Loan for the current Distribution Date and for the next Distribution Date;


 


(xx)       LIBOR
(or any alternate index then in place under this Agreement with respect to the Certificates) for the current Distribution Date
and the next Distribution Date;


 


(xxi)      an
itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates with respect
to the related Distribution Date; and


 


(xxii)     the
Mortgage Rate and Net Mortgage Rate and each Component Rate and Net Component Rate for the Mortgage Loan and the related Mortgage
Loan Interest Accrual Period.


 


The
Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Servicer and the Special Servicer may agree
to enhance the reporting requirements of the Distribution Date Statement without Certificateholder approval.


 


Within
a reasonable period of time after the end of each calendar year, the Certificate Administrator shall furnish to each Person who
at any time during the calendar year was a Holder of a Certificate, upon written request to the Certificate Administrator, a statement
containing the information set forth in clauses (i) and (ii) above as to the applicable Class, aggregated for such
calendar year or applicable portion of such year during which such Person was a Certificateholder, together with such other information
as required by applicable law, or


 






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that
a Certificateholder or beneficial owner of a Certificate reasonably requests, to enable Certificateholders to prepare their tax
returns for such calendar year or as otherwise required by law. Such obligation of the Certificate Administrator shall be deemed
to have been satisfied to the extent that substantially comparable information shall be provided by the Certificate Administrator
pursuant to any requirements of the Code as from time to time are in force.


 


(b)           The
Certificate Administrator shall make the Distribution Date Statement available to Privileged Persons (including for this purpose
a Privileged Person who provides the Certificate Administrator with an Investor Certification in the form of Exhibit K-2
hereto) on each Distribution Date pursuant to Section 8.14. The Certificate Administrator’s obligation to provide
such information shall be contingent on the Certificate Administrator’s receipt of such information from the Servicer and
the Special Servicer, as applicable. The Certificate Administrator shall be entitled to rely on such information provided to it
by the Servicer or the Special Servicer without independent verification. To the extent that the information required to be furnished
by the Servicer is based on information required to be provided by the Borrowers or the Special Servicer, the Servicer’s
obligation to furnish such information to the Certificate Administrator shall be contingent on its receipt of such information
from the Borrowers or the Special Servicer, as applicable. To the extent that information required to be furnished by the Special
Servicer is based on information required to be provided by the Borrowers, the Special Servicer’s obligation to furnish
such information shall be contingent upon receipt of its receipt of such information from the Borrowers. The Servicer, the Special
Servicer, the Trustee and the Certificate Administrator shall be entitled to rely on information supplied by the Borrowers without
independent verification.


 


The
Certificate Administrator shall, to the extent provided to it by the Servicer in electronic format, make available to Privileged
Persons pursuant to Section 8.14 reports or analyses of net operating income from the Properties. Such net operating income
reports or analyses shall be prepared pursuant to Section 3.18 by the Servicer in CREFC® format based on
the quarterly, annual and periodic statements and rent rolls with respect to the Properties obtained by the Servicer from the
Borrowers or from the Special Servicer pursuant to Section 3.15(h).


 


If
so authorized by the Depositor, the Certificate Administrator may make available on its website to any Privileged Person certain
other information with respect to the Trust Loan (subject to the limitations of Section 3.18).


 


The
Certificate Administrator has not obtained and shall not be deemed to have obtained actual knowledge of any information only by
virtue of its receipt and posting of such information to the Certificate Administrator’s Website or its fling of such information
pursuant to this Agreement.


 


In
addition, the Certificate Administrator shall make available on its website such information as set forth in Section 0.


 


4.5.          Investor
Q&A Forum; Investor Registry and Rating Agency Q&A Forum. (a) The Certificate Administrator shall make available,
only to Privileged Persons (which for this purpose excludes a Privileged Person who provided the Certificate
Administrator


 






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with an Investor Certification substantially in the form of Exhibit K-2 hereto),
the Investor Q&A Forum. The “Investor Q&A Forum” shall be a service available on the Certificate Administrator’s
Website, where (i) Certificateholders and Beneficial Owners who provide the Certificate Administrator with an Investor Certification
substantially in the form of Exhibit K-1 may submit inquiries to the Certificate Administrator relating to the Distribution
Date Statement, or inquiries to the Servicer or the Special Servicer, as applicable, relating to the reports being made available
pursuant to Section 8.14(b)(ii)(B), the Trust Loan or the Properties and the Operating Advisor relating to annual or other
reports or recommendations to replace the Special Servicer prepared by the Operating Advisor or actions by the Special Servicer
referenced in such reports (each an “Inquiry” and collectively, “Inquiries”), and (ii) Privileged
Persons may view previously submitted inquiries and related answers. Upon receipt of an Inquiry for the Servicer, the Special
Servicer or the Operating Advisor, the Certificate Administrator shall forward the Inquiry to the appropriate Person (as identified
to the Certificate Administrator by the Servicer, the Special Servicer or the Operating Advisor, as applicable) at the Servicer
or the Special Servicer, as applicable, in each case via electronic mail within a commercially reasonable period of time following
receipt thereof. Following receipt of an Inquiry, the Certificate Administrator, the Servicer, the Special Servicer or the Operating
Advisor, as applicable, unless it determines not to answer such Inquiry as provided below, shall reply to the Inquiry, which reply
of the Servicer, the Special Servicer or the Operating Advisor, as applicable, shall be by email to the Certificate Administrator.
The Certificate Administrator shall post (within a commercially reasonable period of time following preparation or receipt of
such answer, as the case may be) such Inquiry and the related answer to the Certificate Administrator’s Website. If the
Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor, as applicable, determines, in its respective
sole discretion, that (i) any Inquiry is beyond the scope of the topics described above, (ii) answering any Inquiry would not
be in the best interests of the Trust and/or the Certificateholders, (iii) answering any Inquiry would be in violation of applicable
law, the Mortgage Loan Documents or this Agreement, (iv) answering any Inquiry would, or is reasonably expected to, result in
a waiver of attorney client privilege or the disclosure of attorney work product, (v) answering any Inquiry would materially increase
the duties of, or would result in significant additional cost or expense to, the Trustee, the Certificate Administrator, the Servicer,
the Special Servicer or the Operating Advisor, as applicable, (vi) answering any Inquiry would result in the disclosure of communications
between the Directing Certificateholder and the Special Servicer, (vii) answering any Inquiry would require the disclosure of
Privileged Information or (viii) answering any Inquiry is otherwise, for any reason, not advisable to answer, it shall not be
required to answer such Inquiry and, in the case of the Servicer, the Special Servicer or the Operating Advisor, shall promptly
notify the Certificate Administrator of such determination. The Certificate Administrator shall notify the Person who submitted
such Inquiry in the event that the Inquiry will not be answered. Any notice by the Certificate Administrator to the Person who
submitted an Inquiry that will not be answered shall include the following statement: “Because the Trust and Servicing Agreement
provides that the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor shall not answer an Inquiry
if it determines, in its respective sole discretion, that (i) any Inquiry is beyond the scope of the topics described in the Trust
and Servicing Agreement, (ii) answering any Inquiry would not be in the best interests of the Trust and/or the Certificateholders,
(iii) answering any Inquiry would be in violation of applicable law or the Mortgage Loan Documents, (iv) answering any Inquiry
would, or is reasonably expected to, result in a waiver of attorney client privilege or the


 



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disclosure of attorney work product,
(v) answering any Inquiry would materially increase the duties of, or result in significant additional cost or expense to, the
Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Operating Advisor, as applicable, (vi) answering
any Inquiry would result in the disclosure of communications between the Directing Certificateholder and the Special Servicer,
(vii) answering any Inquiry would require the disclosure of Privileged Information or (viii) answering any Inquiry is otherwise,
for any reason, not advisable to answer, no inference should be drawn from the fact that the Certificate Administrator, the Servicer,
the Special Servicer and/or the Operating Advisor has declined to answer the Inquiry.” Answers posted on the Investor Q&A
Forum will be attributable only to the respondent, and shall not be deemed to be answers from any of the Depositor, the Initial
Purchasers or any of their respective Affiliates. None of the Initial Purchasers, the Depositor, the Servicer, the Special Servicer,
the Operating Advisor, the Trustee or the Certificate Administrator or any of their respective Affiliates will certify to any
of the information posted in the Investor Q&A Forum and no such party shall have any responsibility or liability for the content
of any such information. The Certificate Administrator shall not be required to post to the Certificate Administrator’s
Website any Inquiry or answer thereto that the Certificate Administrator determines, in its sole discretion, is administrative
or ministerial in nature. No party shall post or otherwise disclose direct communications with the Directing Certificateholder
as part of its response to any Inquiries; provided, that the Certificate Administrator shall have no obligation to review
any inquiry or answer received by it for posting to the Investor Q&A Forum to determine if such inquiry or answer contains
any such direct communication with the Directing Certificateholder, or otherwise to consult with the party from whom such Inquiry
or answer is received to confirm the same, and the Certificate Administrator shall have no liability in connection with its posting
to the Investor Q&A Forum of any Inquiry or answer containing such direct communication. The Investor Q&A Forum will not
reflect questions, answers and other communications that are not submitted via the Certificate Administrator’s Website.


 


(b)          The
Certificate Administrator shall make available to any Certificateholder and any Beneficial Owner the Investor Registry. The “Investor
Registry” shall be a voluntary service available on the Certificate Administrator’s Website, where Certificateholders
and Beneficial Owners may register on a voluntary basis for the investor registry and thereafter obtain contact information for
any other Certificateholder or Beneficial Owner that has so registered. Any Person registering to use the Investor Registry shall
certify that (a) it is a Certificateholder or a Beneficial Owner and (b) it grants authorization to the Certificate Administrator
to make its name and contact information available on the Investor Registry for at least 45 days from the date of such certification
to Persons entitled to access the Investor Registry. Such Person shall then be asked to enter certain mandatory fields such as
the individual’s name, the company name and email address, as well as certain optional fields such as address, phone, and
Class(es) of Certificates owned. If any Certificateholder or Beneficial Owner notifies the Certificate Administrator that it wishes
to be removed from the Investor Registry (which notice may not be within 45 days of its registration), the Certificate Administrator
shall promptly remove it from the Investor Registry. The Certificate Administrator will not be responsible for verifying or validating
any information submitted on the Investor Registry, or for monitoring or otherwise maintaining the accuracy of any information
thereon. The Certificate Administrator may require acceptance of a waiver and disclaimer for access to the Investor Registry.


 






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(c)          The
Certificate Administrator shall, with the consent of the Depositor, make available certain information concerning the Mortgage
Loan and the Certificates, including the Distribution Date Statements, the Offering Circular, this Agreement, CREFC®
Reports and supplemental notices, to certain market data providers, and upon receipt by the Certificate Administrator from
such Person of a certification substantially in the form of Exhibit O hereto, which certification may be submitted electronically
via the Certificate Administrator’s Website. The Depositor hereby consents to the provision of such information to Bloomberg,
L.P., Trepp, LLC, Intex Solutions, Inc., BlackRock Financial Management, Inc., Interactive Data Corporation, CMBS.com Inc., Thomson
Reuters, Moody’s Analytics, Markit Group Limited and MBS Data, LLC, and the provision of such information shall not constitute
a breach of this Agreement by the Certificate Administrator.


 


(d)          The
17g-5 Information Provider shall make available, only to NRSROs, the Rating Agency Q&A Forum and Document Request Tool. The
“Rating Agency Q&A Forum and Document Request Tool” shall be a service available on the 17g-5 Information
Provider’s Website, where NRSROs may (i) submit inquiries to the Certificate Administrator relating to the Distribution
Date Statement, (ii) submit inquiries to the Servicer or the Special Servicer, as applicable, relating to the reports prepared
by such parties, (iii) submit requests for information about the Trust Loan or the Properties (each such submission identified
in sub-clauses (i), (ii) and (iii) hereof, a “Rating Agency Inquiry”) or (iv) view Rating
Agency Inquiries that have been previously submitted and answered, together with the responses thereto. Upon receipt of a Rating
Agency Inquiry for the Servicer, the Special Servicer or the Certificate Administrator, the 17g-5 Information Provider shall forward
the Rating Agency Inquiry to the appropriate Person, in each case within a commercially reasonable period of time following receipt
thereof. Following receipt of a Rating Agency Inquiry from the 17g-5 Information Provider, the Certificate Administrator, the
Servicer or the Special Servicer, as applicable, unless it determines not to answer such Rating Agency Inquiry as provided below,
shall reply by email to the 17g-5 Information Provider. The 17g-5 Information Provider shall post (within a commercially reasonable
period of time following receipt of such response) such Rating Agency Inquiry and the related response (or such reports, as applicable)
to the Rating Agency Q&A Forum and Document Request Tool. If the Certificate Administrator, the Servicer or the Special Servicer
determines, in its respective sole discretion, that (i) answering any Rating Agency Inquiry would be in violation of applicable
law, Accepted Servicing Practices, this Agreement or the Mortgage Loan Documents, (ii) answering any Rating Agency Inquiry would
or is reasonably expected to result in a waiver of an attorney-client privilege with, or the disclosure of attorney work product
of, any counsel engaged by the Certificate Administrator, the Servicer or the Special Servicer, as applicable, or (iii)(A) answering
any Rating Agency Inquiry would materially increase the duties of, or result in significant additional cost or expense to, the
Certificate Administrator, the Servicer or the Special Servicer, as applicable, and (B) the Certificate Administrator, the Servicer
or the Special Servicer, as applicable, determines in accordance with Accepted Servicing Practices (or in good faith, in the case
of the Certificate Administrator) that the performance of such duties or the payment of such costs and expenses is beyond the
scope of its duties in its capacity as Certificate Administrator, Servicer or Special Servicer, as applicable, under this Agreement,
it shall not be required to answer such Rating Agency Inquiry and shall promptly notify the 17g-5 Information Provider by email
of such determination. The 17g-5 Information Provider shall promptly thereafter post the Rating Agency Inquiry with the reason
it was not answered to the Rating Agency Q&A Forum and Document


 






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Request
Tool. The 17g-5 Information Provider will not be liable for the failure by any other such Person to answer any such Rating Agency
Inquiry. Questions posted on the Rating Agency Q&A Forum and Document Request Tool shall not be attributed to the submitting
NRSRO. Answers posted on the Rating Agency Q&A Forum and Document Request Tool will be attributable only to the respondent,
and shall not be deemed to be answers from any other Person. None of the Initial Purchasers, the Depositor, or any of their respective
Affiliates will certify to any of the information posted in the Rating Agency Q&A Forum and Document Request Tool and no such
party shall have any responsibility or liability for the content of any such information. The 17g-5 Information Provider shall
not be required to post to the 17g-5 Information Provider’s Website any Rating Agency Inquiry or answer thereto that the
17g-5 Information Provider determines, in its sole discretion, is administrative or ministerial in nature. The Rating Agency Q&A
Forum and Document Request Tool will not reflect questions, answers and other communications that are not submitted via the 17g-5
Information Provider’s Website.


 


4.6.       Determination
of LIBOR Rate Index, Prime Rate Index or Alternate Rate Index


 


(a)       The
Certificate Administrator shall determine LIBOR in respect of Pass-Through Rates of the Floating Rate Certificates in accordance
with this Agreement. The Servicer shall determine the LIBOR in respect of the interest rate on the Floating Rate Loan in accordance
with the Mortgage Loan Agreement. If the Floating Rate Loan is converted to bear interest at the Prime Interest Rate or the Alternate
Rate, the Floating Rate Certificates shall be converted to bear interest at the Certificate Prime Interest Rate or at the Certificate
Alternate Rate, as applicable.


 


(b)       The
Certificate Administrator shall on each Determination Date and in no event later than 11:00 a.m. (London time) on the Business
Day immediately following each Determination Date, calculate the Pass-Through Rate for each Class of Floating Rate Certificates
for the applicable Distribution Date and will communicate such rates for each Class to the Servicer, Euroclear and Clearstream.


 


(c)       In
the event of a discrepancy for any Certificate Interest Accrual Period or Mortgage Loan Interest Accrual Period in the LIBOR determination
made by the Certificate Administrator and any LIBOR determination made by the Servicer, the Certificate Administrator and the
Servicer shall use reasonable efforts to reconcile their determinations so that LIBOR (or any alternate index) as calculated under
the Mortgage Loan Agreement and as calculated under this Agreement are equivalent values; provided, however that
if the Certificate Administrator and the Servicer, using reasonable efforts, are unable to reconcile their determinations, the
Servicer’s calculation pursuant to the Mortgage Loan Agreement shall control.


 


(d)       If
the Servicer has reasonably determined that LIBOR cannot be determined in accordance with the Mortgage Loan Agreement, the Servicer
shall determine the Prime Rate Index or the Alternate Rate Index, as applicable, in accordance with the terms of the Mortgage
Loan Agreement, and shall provide written notice thereof to the Borrowers and the Certificate Administrator, and the Certificate
Administrator shall post on the Certificate Administrator’s website on the “Special Notices” tab such notice
of conversion between the LIBOR and the Prime Rate Index or the Alternate Rate Index, as applicable.


 






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(e)       If
the Floating Rate Loan and the Floating Rate Certificates bear interest based on the Prime Rate Index, the Prime Rate Index for
each Component Rate shall be determined by the Servicer and the Prime Rate Index for the Pass-Through Rates on the Floating Rate
Certificates shall be determined by the Certificate Administrator. In the event of a discrepancy for any Certificate Interest
Accrual Period in the Prime Rate Index determination made by the Certificate Administrator and any Prime Rate Index determination
made by the Servicer for the corresponding Mortgage Loan Interest Accrual Period, the Certificate Administrator and the Servicer
shall use reasonable efforts to reconcile their determinations so that the Prime Rate Index as calculated under the Mortgage Loan
Agreement and as calculated under the Trust and Servicing Agreement are equivalent values; provided, however that the Servicer’s
calculation pursuant to the Mortgage Loan Agreement shall control.


 


(f)       Notwithstanding
anything to the contrary herein, the identification of the Alternate Rate Index and the Certificate Alternate Rate Index, if applicable,
shall be determined by the Servicer. With respect to the Floating Rate Loan and each Mortgage Loan Interest Accrual Period, the
Alternate Rate Index for the Component Rates on the Floating Rate Loan shall be determined by the Servicer. With respect to each
Class of Floating Rate Certificates and each Certificate Interest Accrual Period, the Certificate Alternate Rate for the Pass-Through
Rates on the Floating Rate Certificates shall be determined by the Certificate Administrator using the Certificate Alternate Rate
Index identified by the Servicer. In the event of a discrepancy for any Certificate Interest Accrual Period in any Certificate
Alternate Rate determination made by the Certificate Administrator and the related Alternate Rate determination made by the Servicer
for the corresponding Mortgage Loan Interest Accrual Period, the Certificate Administrator and the Servicer will use reasonable
efforts to reconcile their determinations so that the Alternate Rate as calculated under the Mortgage Loan Agreement and the Certificate
Alternate Rate as calculated under this Agreement are equivalent values. In the event that the Servicer and the Certificate Administrator
are unable to so reconcile their determinations of the Alternate Rate and the Certificate Alternate Rate, respectively, the determination
by the Servicer shall control.


 


(g)       (i)
In the event that the Floating Rate Loan has been converted to a Prime Rate Loan pursuant to the terms of the Mortgage Loan Agreement,
then the Pass-Through Rate for each Distribution Date after such conversion and each Class of Floating Rate Certificates that
are Principal Balance Certificates shall also be modified to be the lesser of (a) the Prime Rate Index plus the applicable Certificate
Prime Rate Spread and (b) the then current Net Component Rate for the Component related to the corresponding Class of Floating
Rate Certificates (as calculated based on the Prime Rate Index); or (ii) in the event that the Mortgage Loan has been converted
to an Alternate Rate Loan pursuant to the terms of the Mortgage Loan Agreement, then the Pass-Through Rate for each Distribution
Date after such conversion and each Class of Floating Rate Certificates that are Principal Balance Certificates shall also be
modified to be the lesser of (a) the Certificate Alternate Rate Index plus the applicable Certificate Alternate Rate Index Spread
and (b) the then current Net Component Rate for the Component related to the corresponding Class of Floating Rate Certificates
that are Principal Balance Certificates (as calculated based on the Prime Rate Index).


 


(a)       If,
pursuant to the Mortgage Loan Agreement the Floating Rate Loan is converted back to a LIBOR Rate Loan, the Pass-Through Rate for
each Distribution Date after such conversion for each Class of Floating Rate Certificates that are Principal Balance


 






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Certificates
shall return to LIBOR Rate Index plus the related Certificate Spread. In addition, the Servicer shall provide written notice thereof
to the Certificate Administrator.


 


5.       THE
CERTIFICATES


 


5.1.       The
Certificates.


 


(a)       The
Certificates shall be issued in substantially the respective forms set forth as Exhibits A-1 through A-11 hereto,
with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement
or as may, in the reasonable judgment of the Certificate Registrar, be necessary, appropriate or convenient to comply, or facilitate
compliance, with applicable laws, and may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon as may be required by law, or as may, consistently herewith, be determined by the officers executing such Certificates,
as evidenced by their execution thereof.


 


(b)       The
Certificates of each Class of Principal Balance Certificates shall be issued in minimum denominations of $100,000 (or $10,000
for Principal Balance Certificates issued to QIBs) and integral multiples of $1 in excess thereof. If the initial Certificate
Balance of any Class (other than Class R or Class X Certificates) does not equal an integral multiple of $1,000, then a single
additional Certificate of such Class may be issued in a minimum denomination of authorized initial Certificate Balance that includes
the excess of (i) the initial Certificate Balance of such Class over (ii) the largest integral multiple of $1,000 that does not
exceed such amount. The Class X Certificates shall be issued, maintained and transferred only in minimum denominations of authorized
initial notional amount of not less than $1,000,000 and in integral multiples of $1 in excess thereof. The Class R Certificates
shall be issued, maintained and transferred in minimum percentage interests of 10% and in integral multiples of 1% in excess of
10%.


 


(c)       One
authorized signatory shall sign the Certificates for the Certificate Registrar by manual or facsimile signature. If an authorized
signatory whose signature is on a Certificate no longer holds that office at the time the Certificate Registrar countersigns the
Certificate, the Certificate shall be valid nevertheless. A Certificate shall not be valid until an authorized signatory of the
Certificate Registrar (who may be the same officer who executed the Certificate) manually countersigns the Certificate. The signature
shall be conclusive evidence that the Certificate has been executed and countersigned under this Agreement.


 


(d)       During
the Risk Retention Period, the Risk Retention Certificates shall only be held as a Definitive Certificate in the Third Party Purchaser
Safekeeping Account by the Certificate Administrator (and the Holder of the Risk Retention Certificates shall be registered on
the Certificate Register), unless otherwise consented to by the Retaining Sponsor. During the Risk Retention Period, the Certificate
Administrator shall hold the Risk Retention Certificates in safekeeping and shall release the same only upon receipt of written
instructions in accordance with Section 5.1(e), and in accordance with any authentication procedures as may be utilized
by the Certificate Administrator and in accordance with this Agreement. There shall be, and hereby is, established by the Certificate
Administrator an account which will be designated the “Third Party Purchaser Safekeeping Account” and into which the
Risk Retention Certificates shall be


 






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held
and which shall be governed by and subject to this Agreement. In addition, on and after the date hereof, the Certificate Administrator
may establish any number of subaccounts to the Third Party Purchaser Safekeeping Account for the Holder of the Risk Retention
Certificates. The Risk Retention Certificates to be delivered in physical form to the Certificate Administrator shall be delivered
as set forth herein. No amounts distributable to the Risk Retention Certificates shall be remitted to the Third Party Purchaser
Safekeeping Account, but shall be remitted directly to the Holder of the Risk Retention Certificates in accordance with written
instructions (which shall be in the form of Exhibit P to this Agreement) provided separately by the Holder of the Risk
Retention Certificates to the Certificate Registrar. Under no circumstances by virtue of safekeeping the Risk Retention Certificates
shall the Certificate Administrator (i) be obligated to bring legal action or institute proceedings against any Person on behalf
of the Holder of the Risk Retention Certificates or (ii) have any obligation to monitor, supervise or enforce the performance
of any party under the Class HRR Agreement. The Certificate Administrator shall be entitled to conclusively rely with no obligation
to verify, confirm or otherwise monitor the accuracy of any information included in any written instructions provided in connection
with this Third Party Purchaser Safekeeping Account and shall have no liability in connection therewith, other than, subject to
Section 5.1(e), with respect to the Certificate Administrator’s obligation to obtain the Retaining Sponsor’s
consent prior to any release of the Risk Retention Certificates. The Certificate Administrator shall hold the Definitive Certificate
representing the Risk Retention Certificates at the below location, or any other location; provided the Certificate Administrator
has given notice to the Holder of the Risk Retention Certificates of such new location:


 


Wells
Fargo Bank, National Association


Attention:
Security Control and Transfer (SCAT)


MAC:
N9345-010


425
E. Hennepin Avenue


Minneapolis,
Minnesota 55414


 


On
the Closing Date and upon the transfer of the Risk Retention Certificates pursuant to Section 5.3(p), the Certificate Administrator
shall deliver written confirmation to the Depositor, the Retaining Sponsor and the Third Party Purchaser substantially in the
form of Exhibit BB to this Agreement evidencing its receipt of the Risk Retention Certificates.


 


The
Certificate Administrator shall make available to the Holder of the Risk Retention Certificates a statement of Third Party Purchaser
Safekeeping Account as mutually agreed upon by the Certificate Administrator and the Holder of the Risk Retention Certificates,
and in accordance with the Certificate Administrator’s policies and procedures. Any transfer of the Risk Retention Certificates
shall be subject to Article 5 of this Agreement.


 


In
the event that such Risk Retention Certificates are released from the Third Party Purchaser Safekeeping Account, the Certificate
Administrator’s obligations with respect thereto shall cease and terminate and the Certificate Administrator shall be released
therefrom, for so long as such Class HRR Certificates are not held in the Third Party Purchaser Safekeeping Account.


 






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(e)       In
the event the Third Party Purchaser seeks to cause the release of any Risk Retention Certificates from the Third Party Purchaser
Safekeeping Account, the Third Party Purchaser shall deliver to the Certificate Administrator (i) a written request for such release
in connection with a transfer pursuant to Section 5.3(p) or in connection with the termination of the Risk Retention Period
and (ii) a written request for the Retaining Sponsor’s consent to such release substantially in the form of Exhibit J-6.
Promptly upon receipt of such request for the Retaining Sponsor’s consent, the Certificate Administrator shall forward such
request to the Retaining Sponsor, the Depositor and counsel via electronic mail to the addresses listed on such form (or such
other method and/or address(es) as may hereafter be furnished by the Retaining Sponsor to the Certificate Administrator in writing).
The Certificate Administrator may not consent to, or otherwise permit, any such release of the Risk Retention Certificates without
obtaining the Retaining Sponsor’s countersigned request for consent; provided that if the Retaining Sponsor fails to respond
(which response, for the avoidance of doubt, may include an acknowledgement of such request (other than an automated email response))
in writing to the Certificate Administrator within ten (10) Business Days after the Retaining Sponsor’s receipt of any such
written request for the Retaining Sponsor’s consent, such release will be deemed to have been approved by the Retaining
Sponsor; provided that such deemed consent shall not apply in connection with a determination of whether the Risk Retention Period
has ended. The Certificate Administrator shall be indemnified and held harmless for any release in connection with the preceding,
in accordance with the terms set forth in Section 8.3.


 


5.2.       Form
and Registration. (a) Each Class of the Certificates (other than the Risk Retention Certificates and the Class R
Certificates) sold to an institution that is a non-U.S. Securities Person in “offshore transactions” (as defined
in Rule 902(h) of Regulation S) in reliance on Regulation S shall initially be represented by a temporary global certificate
in definitive, fully registered form without interest coupons, substantially in the applicable form set forth as an exhibit
hereto (each, a “Temporary Regulation S Global Certificate”), which shall be deposited on the Closing Date
on behalf of the purchasers of the Certificates represented thereby with the Certificate Registrar, at its principal trust
office, as custodian, for the Depository, and registered in the name of the Depository or the nominee of the Depository for
the account of designated agents holding on behalf of the Euroclear System (“Euroclear”) and/or
Clearstream Banking, société anonyme (“Clearstream”). Prior to the expiration of the 40-day
period commencing on the later of the commencement of the offering and the Closing Date (the “Restricted
Period”), beneficial interests in each Temporary Regulation S Global Certificate may be held only through Euroclear
or Clearstream. After the expiration of the Restricted Period, a beneficial interest in a Temporary Regulation S Global
Certificate may be exchanged for a beneficial interest in a single permanent global Certificate of the related Class of
Certificates (each, a “Regulation S Global Certificate”) in the applicable form set forth as an
exhibit hereto in accordance with the procedures set forth in Section 5.3(f). During the Restricted Period,
distributions due in respect of a beneficial interest in a Temporary Regulation S Global Certificate shall only be made upon
delivery to the Certificate Registrar by Euroclear or Clearstream, as applicable, of a Non-U.S. Beneficial Ownership
Certification. After the expiration of the Restricted Period, distributions due in respect of any beneficial interests in a
Temporary Regulation S Global Certificate shall not be made to the Holders of such beneficial interests unless an exchange
for a beneficial interest in the Regulation S Global Certificate of the same Class is improperly withheld or refused. The
aggregate Certificate Balance of a Temporary Regulation S Global Certificate or a Regulation S Global Certificate may from
time to time be


 






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increased
or decreased by adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter
provided.


 


On
the Closing Date, the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate
Administrator shall deliver to the Certificate Registrar the Regulation S Global Certificates, which shall be held by the Certificate
Registrar for purposes of effecting the exchanges contemplated by the preceding paragraph.


 


(b)       Except
as otherwise set forth in this Agreement, Certificates of each Class offered and sold to QIBs in reliance on Rule 144A under the
Act (“Rule 144A”) (other than the Risk Retention Certificates during the Risk Retention Period and the Class
R Certificates) shall be represented by a single, global certificate in definitive, fully registered form without interest coupons,
substantially in the applicable form set forth as an exhibit hereto (each, a “Rule 144A Global Certificate”
and, collectively with the Temporary Regulation S Global Certificates and the Regulation S Global Certificates, the “Global
Certificates”), which shall be deposited with the Certificate Registrar or an agent of the Certificate Registrar, as
custodian for the Depository, and registered in the name of the Depository or a nominee of the Depository. The aggregate Certificate
Balance of a Rule 144A Global Certificate may from time to time be increased or decreased by adjustments made on the records of
the Certificate Registrar, as custodian for the Depository, as hereinafter provided.


 


On
the Closing Date, the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate
Administrator shall deliver to the Certificate Registrar the Rule 144A Global Certificate.


 


(c)       Certificates
of each Class (other than the Class R Certificates) that are initially offered and sold to investors that are Institutional Accredited
Investors that are not QIBs, the Risk Retention Certificates (during the Risk Retention Period) and the Class R Certificates (the
“Non-Book Entry Certificates”) shall be in the form of Definitive Certificates, substantially in the applicable
form set forth as an exhibit hereto, issued in the name of such investors or their nominees by the Certificate Registrar who shall
deliver the certificates for such Non-Book Entry Certificates to the respective beneficial owners or owners; provided,
that prior to such transfer the investor executes and delivers to the Certificate Registrar an Investment Representation Letter
(or a Transferee Affidavit in the case of the Class R Certificates).


 


(d)       Owners
of beneficial interests in Global Certificates of any Class shall not be entitled to receive physical delivery of Definitive Certificates
unless: (i) the Depositor notifies the Certificate Registrar in writing that the Depository is unwilling or unable to discharge
properly its responsibilities as depository with respect to the Global Certificates of such Class or ceases to be a Clearing Agency,
and the Certificate Registrar and the Depository are unable to locate a qualified successor within 90 days of such notice or (ii)
the Trustee has instituted or has been directed to institute any judicial proceeding to enforce the rights of the Holders of such
Class and the Trustee has been advised by counsel that in connection with such proceeding it is necessary or appropriate for the
Certificate Registrar to obtain possession of the Certificates of such Class; provided, however, that under no circumstances
will Definitive Certificates be issued to beneficial owners of a Temporary Regulation S Global Certificate. Upon notice of the
occurrence of any of the events described in clause (i) or (ii) above with






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respect
to any Certificates of a Class that are in the form of Global Certificates and upon surrender by the Depository of any Global
Certificate of such Class and receipt from the Depository of instructions for reregistration, the Certificate Registrar shall
issue Certificates of such Class in the form of Definitive Certificates (bearing, in the case of a Definitive Certificate issued
for a Rule 144A Global Certificate, the same legends regarding transfer restrictions borne by such Global Certificate), and thereafter
the Certificate Registrar shall recognize the Holders of such Definitive Certificates as Certificateholders under this Agreement.


 


5.3.       Registration
of Transfer and Exchange of Certificates.   (a) The Certificate Administrator shall keep or cause to be kept at the Corporate
Trust Office books (the “Certificate Register”) in which, subject to such reasonable regulations as it may
prescribe, the Certificate Administrator shall provide for the registration of Certificates and of transfers and exchanges of
Certificates as herein provided (the Certificate Administrator, in such capacity, being the “Certificate Registrar”).
In such capacities, the Certificate Administrator shall be responsible for, among other things, (i) maintaining the Certificate
Register and a record of the aggregate holdings of Certificates of each Class represented by a Temporary Regulation S Global Certificate,
a Regulation S Global Certificate and a Rule 144A Global Certificate and accepting Certificates for exchange and registration
of transfer and (ii) transmitting to the Depositor, the Servicer and the Special Servicer any notices from the Certificateholders.


 


(b)       Subject
to the restrictions on transfer set forth in this Article 5, upon surrender for registration of transfer of any Certificate, the
Certificate Registrar shall execute, authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Certificates in authorized denominations, in like aggregate interest and of the same Class.


 


(c)       Rule
144A Global Certificate to Temporary Regulation S Global Certificate. If a Holder of a beneficial interest in a Rule 144A
Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange its
interest in such Rule 144A Global Certificate for an interest in the Temporary Regulation S Global Certificate of the same Class,
or to transfer its interest in such Rule 144A Global Certificate to a Person who is required to take delivery thereof in the form
of an interest in the Temporary Regulation S Global Certificate of the same Class, such Holder may, subject to the rules and procedures
of the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in such Temporary Regulation
S Global Certificate. Upon receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.7,
of (1) instructions given in accordance with the Depository’s procedures from a Depository Participant directing the Certificate
Registrar to credit, or cause to be credited, a beneficial interest in the Temporary Regulation S Global Certificate in an amount
equal to the beneficial interest in the Rule 144A Global Certificate to be exchanged, (2) a written order given in accordance
with the Depository’s procedures containing information regarding the Euroclear or Clearstream account to be credited with
such increase and the name of such account and (3) a certificate in the form of Exhibit C hereto given by the Holder of
such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer restrictions
applicable to the Global Certificates and pursuant to and in accordance with Regulation S, then the Certificate Registrar shall
instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Rule 144A Global Certificate and to
increase, or cause to be increased, the Certificate Balance of the Temporary Regulation S Global Certificate by the aggregate
Certificate Balance of the beneficial interest in


 






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the Rule 144A Global Certificate to be exchanged, to credit or cause to be credited
to the account of the Person specified in such instructions (who shall be the agent member of Euroclear or Clearstream, or both)
a beneficial interest in the Temporary Regulation S Global Certificate equal to the reduction in the Certificate Balance of the
Rule 144A Global Certificate, and to debit, or cause to be debited, from the account of the Person making such exchange or transfer
the beneficial interest in the Rule 144A Global Certificate that is being exchanged or transferred.


 


(d)       Rule
144A Global Certificate to Regulation S Global Certificate. If a Holder of a beneficial interest in a Rule 144A Global Certificate
deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange its interest in such Rule
144A Global Certificate for an interest in the Regulation S Global Certificate of the same Class, or to transfer its interest
in such Rule 144A Global Certificate to a Person who is required to take delivery thereof in the form of an interest in a Regulation
S Global Certificate, such Holder may, subject to the rules and procedures of the Depository, exchange, or cause the exchange
of, such interest for an equivalent beneficial interest in such Regulation S Global Certificate. Upon receipt by the Certificate
Registrar, as registrar, at its office designated in Section 5.7, of (1) instructions given in accordance with the Depository’s
procedures from a Depository Participant directing the Certificate Registrar to credit or cause to be credited a beneficial interest
in the Regulation S Global Certificate in an amount equal to the beneficial interest in the Rule 144A Global Certificate to be
exchanged, (2) a written order given in accordance with the Depository’s procedures containing information regarding the
participant account of the Depository to be credited with such increase and (3) a certificate in the form of Exhibit D
hereto given by the Holder of such beneficial interest stating (A) that the transfer of such interest has been made in compliance
with the transfer restrictions applicable to the Global Certificates and pursuant to and in accordance with Regulation S, (B)
that the Certificate being transferred is not a “restricted security” as defined in Rule 144 under the Act or (C)
that the transferee is otherwise entitled to hold its interest in the applicable Certificates in the form of an interest in the
Regulation S Global Certificate, without any registration of such Certificates under the Act (in which case such certificate shall
enclose an Opinion of Counsel to such effect and such other documents as the Certificate Registrar may reasonably require), then
the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Rule
144A Global Certificate and to increase, or cause to be increased, the Certificate Balance of the Regulation S Global Certificate
by the aggregate Certificate Balance of the beneficial interest in the Rule 144A Global Certificate to be exchanged, to credit
or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Regulation S
Global Certificate equal to the reduction in the Certificate Balance of the Rule 144A Global Certificate, and to debit, or cause
to be debited, from the account of the Person making such exchange or transfer the beneficial interest in the Rule 144A Global
Certificate that is being exchanged or transferred.


 


(e)       Temporary
Regulation S Global Certificate or Regulation S Global Certificate to Rule 144A Global Certificate. If a Holder of a beneficial
interest in a Temporary Regulation S Global Certificate or Regulation S Global Certificate deposited with the Certificate Registrar
as custodian for the Depository wishes at any time to exchange its interest in such Temporary Regulation S Global Certificate
or Regulation S Global Certificate for an interest in the Rule 144A Global Certificate of the same Class, or to transfer its interest
in such Temporary Regulation S Global Certificate or Regulation S Global Certificate to a Person who is required to


 






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take delivery
thereof in the form of an interest in the Rule 144A Global Certificate, such Holder may, subject to the rules and procedures of
Euroclear or Clearstream, as the case may be, and the Depository, exchange or cause the exchange of such interest for an equivalent
beneficial interest in the Rule 144A Global Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar,
at its office designated in Section 5.7, of (1) instructions from Euroclear or Clearstream, if applicable, and the Depository,
directing the Certificate Registrar, as registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global
Certificate equal to the beneficial interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate
to be exchanged, such instructions to contain information regarding the participant account with the Depository to be credited
with such increase, (2) with respect to a transfer of an interest in the Regulation S Global Certificate, information regarding
the participant account of the Depository to be debited with such decrease and (3) with respect to a transfer of an interest in
the Temporary Regulation S Global Certificate (but not the Regulation S Global Certificate) for an interest in the Rule 144A Global
Certificate, a certificate in the form of Exhibit E hereto given by the Holder of such beneficial interest and stating
that the Person transferring such interest in the Temporary Regulation S Global Certificate reasonably believes that the Person
acquiring such interest in the Rule 144A Global Certificate is a QIB and is obtaining such beneficial interest in a transaction
meeting the requirements of Rule 144A, then the Certificate Registrar shall instruct the Depository to reduce, or cause to be
reduced, the Certificate Balance of the Temporary Regulation S Global Certificate or Regulation S Global Certificate and to increase,
or cause to be increased, the Certificate Balance of the Rule 144A Global Certificate by the aggregate Certificate Balance of
the beneficial interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate to be exchanged, and
the Certificate Registrar shall instruct the Depository, concurrently with such reduction, to credit, or cause to be credited,
to the account of the Person specified in such instructions, a beneficial interest in the Rule 144A Global Certificate equal to
the reduction in the Certificate Balance of the Temporary Regulation S Global Certificate or Regulation S Global Certificate and
to debit, or cause to be debited, from the account of the Person making such exchange or transfer the beneficial interest in the
Temporary Regulation S Global Certificate or Regulation S Global Certificate that is being transferred.


 


(f)       Temporary
Regulation S Global Certificate to Regulation S Global Certificate. Interests in a Temporary Regulation S Global Certificate
as to which the Certificate Registrar has received from Euroclear or Clearstream, as the case may be, a certificate (a “Non-U.S.
Beneficial Ownership Certification”) to the effect that Euroclear or Clearstream, as applicable, has received a certificate
substantially in the form of Exhibit F hereto from the Holder of a beneficial interest in such Temporary Regulation S Global
Certificate, shall be exchanged after the Restricted Period, for interests in the Regulation S Global Certificate of the same
Class. The Certificate Registrar shall effect such exchange by delivering to the Depository for credit to the respective accounts
of such Holders, a duly executed and authenticated Regulation S Global Certificate, representing the aggregate Certificate Balance
of interests in the Temporary Regulation S Global Certificate initially exchanged for interests in the Regulation S Global Certificate.
The delivery to the Certificate Registrar by Euroclear or Clearstream of the certificate or certificates referred to above may
be relied upon by the Depositor and the Certificate Registrar as conclusive evidence that the certificate or certificates referred
to therein has or have been delivered to Euroclear or Clearstream pursuant to the terms of this Agreement and the Temporary Regulation
S Global Certificate. Upon any exchange of interests in the


 






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Temporary
Regulation S Global Certificate for interests in the Regulation S Global Certificate, the Certificate Registrar shall endorse
the Temporary Regulation S Global Certificate to reflect the reduction in the Certificate Balance represented thereby by the amount
so exchanged and shall endorse the Regulation S Global Certificate to reflect the corresponding increase in the amount represented
thereby. Until so exchanged in full and except as provided therein, the Temporary Regulation S Global Certificate, and the Certificates
evidenced thereby, shall in all respects be entitled to the same benefits under this Agreement as the Regulation S Global Certificate
and Rule 144A Global Certificate authenticated and delivered hereunder.


 


(g)       Non-Book
Entry Certificate to Global Certificate. If a Holder of a Non-Book Entry Certificate (other than a Class HRR Certificate during
the Risk Retention Period or a Class R Certificate) wishes at any time to exchange its interest in such Non-Book Entry Certificate
for an interest in a Global Certificate of the same Class, or to transfer all or part of such Non-Book Entry Certificate to a
Person who is entitled to take delivery thereof in the form of an interest in a Global Certificate, such Holder may, subject to
the rules and procedures of Euroclear or Clearstream, if applicable, and the Depository, cause the exchange of all or part of
such Non-Book Entry Certificate for an equivalent beneficial interest in the appropriate Global Certificate of the same Class.
Upon receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.7, of (1) such Non-Book
Entry Certificate, duly endorsed as provided herein, (2) instructions from such Holder directing the Certificate Registrar, as
registrar, to credit, or cause to be credited, a beneficial interest in the applicable Global Certificate equal to the portion
of the Certificate Balance of the Non-Book Entry Certificate to be exchanged, such instructions to contain information regarding
the participant account with the Depository to be credited with such increase and (3) a certificate in the form of Exhibit
G hereto (in the event that the applicable Global Certificate is the Temporary Regulation S Global Certificate), in the form
of Exhibit H hereto (in the event that the applicable Global Certificate is the Regulation S Global Certificate) or in
the form of Exhibit I hereto (in the event that the applicable Global Certificate is the Rule 144A Global Certificate),
then the Certificate Registrar, as registrar, shall cancel, or cause to be canceled, all or part of such Non-Book Entry Certificate,
shall, if applicable, execute, authenticate and deliver to the transferor a new Non-Book Entry Certificate equal to the aggregate
Certificate Balance of the portion retained by such transferor and shall instruct the Depository to increase, or cause to be increased,
such Global Certificate by the aggregate Certificate Balance of the portion of the Non-Book Entry Certificate to be exchanged
and to credit, or cause to be credited, to the account of the Person specified in such instructions a beneficial interest in the
applicable Global Certificate equal to the Certificate Balance of the portion of the Non-Book Entry Certificate so canceled.


 


(h)       Non-Book
Entry Certificates on Initial Issuance Only. Subject to the issuance of Definitive Certificates, if and when permitted by
Section 5.2(d), no Non-Book Entry Certificate shall be issued to a transferee of an interest in any Rule 144A Global Certificate,
Temporary Regulation S Global Certificate or Regulation S Global Certificate or to a transferee of a Non-Book Entry Certificate
(or any portion thereof).


 


(i)       Other
Exchanges. In the event that a Global Certificate is exchanged for a Definitive Certificate, such Certificates may be exchanged
only in accordance with such procedures as are substantially consistent with the provisions of clauses (c) through (f) above (including
the certification requirements intended to ensure that such transfers comply with Rule


 






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144A
or Regulation S, at the case may be) and such other procedures as may from time to time be adopted by the Certificate Registrar.


 


(j)       Restricted
Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates, transfers of interests
in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be limited to transfers made
pursuant to the provisions of clause (e) above.


 


(k)       If
Certificates are issued upon the transfer, exchange or replacement of Certificates bearing a restrictive legend relating to compliance
with the Act, or if a request is made to remove such legend on Certificates, the Certificates so issued shall bear the restrictive
legend, or such legend shall not be removed, as the case may be, unless there is delivered to the Certificate Registrar such satisfactory
evidence, which may include an Opinion of Counsel that neither such legend nor the restrictions on transfer set forth therein
are required to ensure that transfers thereof comply with the provisions of Rule 144A, Rule 144 or Regulation S under the Act
or, with respect to Non-Book Entry Certificates, that such Certificates are not “restricted” within the meaning of
Rule 144 under the Act. Upon provision of such satisfactory evidence, the Certificate Registrar shall authenticate and deliver
Certificates that do not bear such legend.


 


(l)       All
Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the Certificate
Registrar in accordance with the Certificate Registrar’s customary procedures.


 


(m)       No
Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL, Class H-FX, Class HRR Certificates or Class R Certificate may be purchased
by or transferred to any prospective purchaser or transferee that is or will be (i) an employee benefit plan or other plan subject
to the fiduciary responsibility provisions of ERISA or to Section 4975 of the Code or a governmental plan (as defined in Section
3(32) of ERISA) or other plan that is subject to any federal, state or local law that is, to a material extent, similar to the
foregoing provisions of ERISA or the Code (“Similar Law”) (each, a “Plan”), or (ii) any
person acting on behalf of any such Plan or using the assets of a Plan to purchase such Certificate, other than (in the case of
the Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL, Class H-FX or Class HRR Certificates) an insurance company using
assets of its general account under circumstances whereby such purchase and the subsequent holding of such Class F-FL, Class F-FX,
Class G-FL, Class G-FX, Class H-FL, Class H-FX or Class HRR Certificates by such insurance company would be exempt from the prohibited
transaction provisions of Sections 406 and 407 of ERISA and Code Section 4975 under Sections I and III of U.S. Department of Labor
Prohibited Transaction Class Exemption 95-60, or a substantially similar exemption under Similar Law. Each prospective transferee
of a Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL, Class H-FX, Class HRR or Class R Certificate in the form of a
Definitive Certificate shall deliver to the transferor, the Certificate Registrar and the Certificate Administrator a representation
letter, substantially in the form of Exhibit J-3, stating that the prospective transferee is not a Person described in
clause (i) or (ii) of the preceding sentence. Each transferee of an interest in a Class F-FL, Class F-FX, Class
G-FL, Class G-FX, Class H-FL, Class H-FX or Class HRR Certificates represented by a Global Certificate will be deemed to represent
that it is not a Person described in clause (i) or (ii) of the second preceding sentence. No Class A-FL, Class A-FX,
Class X-FL, Class XA-FX, Class XB-FX, Class B-FL, Class B-FX,


 






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Class
C-FL, Class C-FX, Class D-FL, Class D-FX, Class E-FL or Class E-FX Certificates may be purchased by or transferred to any prospective
purchaser or transferee that is or will be a Plan, or any Person acting on behalf of any such plan or using the assets of a Plan
to purchase such Certificate, unless (A) the purchaser is an “accredited investor” within the meaning of Rule 501(a)(1)
of Regulation D of the Act and (B) the acquisition, holding and disposition of such Certificate by the purchaser will not constitute
or otherwise result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code (or a similar non-exempt violation
of Similar Law). Any attempted or purported transfer in violation of these transfer restrictions shall be null and void ab initio
and shall vest no rights in any purported transferee and shall not relieve the transferor of any obligations with respect to the
applicable Certificates.


 


In
addition, each purchaser of Certificates that is a Plan subject to ERISA or Section 4975 of the Code (an “ERISA Plan”)
will be deemed to have represented and warranted that (i) none of the Depositor, any Initial Purchaser, the Trustee, the Custodian,
the Certificate Administrator, the Servicer, the Special Servicer or any of their respective affiliated entities, has provided
any investment advice within the meaning of Section 3(21) of ERISA (and applicable regulations) to the ERISA Plan or the fiduciary
making the investment decision for the ERISA Plan in connection with the ERISA Plan’s acquisition of Certificates, and (ii)
the ERISA Plan fiduciary making the decision to acquire the Certificates is exercising its own independent judgment in evaluating
the investment in the Certificates.


 


(n)       Each
Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership
Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership
Interest are expressly subject to the following provisions:


 


(i)       Each
Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold such
Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not a Permitted
Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its status (or
the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition of a Residual
Ownership Interest by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person who is not
a Permitted Transferee shall be void ab initio and of no effect, and the immediately preceding owner who was a Permitted
Transferee shall be restored to registered and beneficial ownership of the Residual Ownership Interest as soon and as fully as
possible.


 


(ii)       No
Residual Ownership Interest may be transferred, and no such transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the transfer, and
such proposed transfer shall not be effective, without such consent with respect thereto. In connection with any proposed transfer
of any Residual Ownership Interest, the Certificate Registrar shall, as a condition to such consent, (x) require the proposed
transferee to deliver, and the proposed transferee shall deliver to the Certificate Registrar and to the proposed transferor,
an affidavit in substantially the form attached as Exhibit J-1 (a “Transferee Affidavit”) of the proposed
transferee (A) that such proposed transferee is a Permitted


 






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Transferee
and (B) stating that (1) the proposed transferee historically has paid its debts as they have come due and intends to do so in
the future, (2) the proposed transferee understands that, as the Holder of a Residual Ownership Interest, it may incur liabilities
in excess of cash flows generated by the residual interest, (3) the proposed transferee intends to pay taxes associated with holding
the Residual Ownership Interest as they become due, (4) the proposed transferee will not cause income with respect to the Residual
Ownership Interest to be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable
income tax treaty, of such proposed transferee or any other U.S. Person, (5) the proposed transferee will not transfer the Residual
Ownership Interest to any Person that does not provide a Transferee Affidavit or as to which the proposed transferee has actual
knowledge that such Person is not a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman)
for a Person that is not a Permitted Transferee, (6) it is a QIB purchasing for its own account, or a person purchasing for the
account of another QIB, and (7) the proposed transferee expressly agrees to be bound by and to abide by the provisions of this
Section 5.3(n) and (y) other than in connection with the initial issuance of a Class R Certificate, require a statement
from the proposed transferor substantially in the form attached as Exhibit J-2 (the “Transferor Letter”),
that the proposed transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee and has no actual
knowledge or reason to know that the proposed transferee’s statements in the Transferee Affidavit are false.


 


(iii)       Notwithstanding
the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible Officer of the
Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no transfer to such proposed
transferee shall be effected and such proposed transfer shall not be registered on the Certificate Register; provided,
however, the Certificate Registrar shall not be required to conduct any independent investigation to determine whether
a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a transfer to
any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention
of the foregoing restrictions, and in any event not later than 60 days after a request for information from the transferor of
such Residual Ownership Interest or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to
the IRS and the transferor of such Residual Ownership Interest or such agent such information necessary to the application of
Section 860E(e) of the Code as may be required by the Code, including, but not limited to, the present value of the total anticipated
excess inclusions with respect to such Class R Certificate (or portion thereof) for periods after such transfer. At the election
of the Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing and furnishing such information
to the transferor or to such agent referred to above; provided, however, such Persons shall in no event be excused
from furnishing such information.


 


(iv)       The
Class R Certificates may only be issued as Definitive Certificates and transferred to and owned by QIBs.


 


  (o)          No
transfer, sale, pledge or other disposition of any Certificate or interest therein shall be made unless that transfer, sale, pledge
or other disposition is exempt from the registration and/or qualification requirements of the Act and any applicable state securities
laws,


 






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or is otherwise made in accordance with the Act and such state securities laws. Neither the Depositor, the Servicer, the
Special Servicer, the Trustee, the Certificate Administrator nor the Certificate Registrar are obligated to register or qualify
the Certificates under the Act or any other securities law or to take any action not otherwise required under this Agreement to
permit the transfer of such Certificates without registration or qualification.


 


(p)       At
all times during the Risk Retention Period, if a transfer of the Risk Retention Certificates is to be made, then the Certificate
Registrar shall refuse to register such transfer unless it receives (and, upon receipt, may conclusively rely upon) (i) the original
Class HRR Certificates released to the Certificate Registrar in accordance with Section 5.1(d), (ii) a certification from
such Certificateholder’s prospective transferee substantially in the form attached hereto as Exhibit J-4, (iii) a
certification from the Certificateholder desiring to effect such transfer substantially in the form attached hereto as Exhibit
J-5, (iv) a W-9 completed by the prospective transferee and (v) wire instructions and contact information of the prospective
transferee. Upon receipt of the foregoing certifications, the Certificate Registrar shall, subject to Section 5.1(d), Section
5.1(e) and Section 5.3, reflect the Risk Retention Certificates in the name of the prospective transferee and shall
deliver written confirmation to the transferee with a copy via email to each of the Retaining Sponsor, the transferor and their
respective legal counsel, of such transfer and the safekeeping of such Class HRR Certificates in the form of Exhibit BB
attached hereto. After the termination of the Risk Retention Period (the completion of which is subject to the consent of the
Retaining Sponsor in the form of Exhibit J-6), if a transfer of the Class HRR Certificates is to be made, then the Certificate
Registrar shall refuse to register such transfer unless it receives (and upon receipt may conclusively rely upon) each of the
following: (i) the original Class HRR Certificates released to the Certificate Registrar, (ii) a certification from such Certificateholder’s
prospective transferee substantially in the form attached hereto as Exhibit J-4 and (iii) a certification from the Certificateholder
desiring to effect such transfer substantially in the form attached hereto as Exhibit J-5. For the avoidance of doubt,
in no event shall the Risk Retention Certificates be held as a Global Certificate during the Risk Retention Period.


 


5.4.       Mutilated,
Destroyed, Lost or Stolen Certificates.


 


If
(a) any mutilated Certificate is surrendered to the Certificate Registrar, or the Certificate Registrar receives evidence to its
satisfaction of the destruction, loss or theft of any Certificate and (b) there is delivered to the Certificate Registrar such
security or indemnity as may be required by it to save it harmless, then, in the absence of actual notice to the Certificate Registrar
that such Certificate has been acquired by a bona fide purchaser, the Certificate Registrar shall execute, authenticate and deliver,
in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and interest
in the Trust Fund. In connection with the issuance of any new Certificate under this Section 5.4, the Certificate Registrar
may require the payment of a sum sufficient to cover any expenses (including the fees and expenses of the Certificate Registrar)
connected therewith. Any replacement Certificate issued pursuant to this Section 5.4 shall constitute complete and indefeasible
evidence of ownership in the Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall
be found at any time.


 


5.5.       Persons
Deemed Owners.  The Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Certificate Registrar,
and any agent of any of


 






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them,
may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving
distributions as provided in this Agreement and for all other purposes whatsoever, and neither the Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Certificate Registrar, nor any agent of any of them shall be affected by any notice
to the contrary; provided, however, that to the extent that a party to this Agreement responsible for distributing
any report, statement or other information required to be distributed to Certificateholders has been provided an Investor Certification
by a Beneficial Owner (or prospective transferee of a Certificate), such party to this Agreement shall distribute such report,
statement or other information to such Beneficial Owner (or such prospective transferee).


 


5.6.       Access
to List of Certificateholders’ Names and Addresses; Special Notices.


 


The
Certificate Registrar shall maintain in as current a form as is reasonably practicable the most recent list available to it of
the names and addresses of the Certificateholders. If any Certificateholder that has provided an Investor Certification (a) requests
in writing from the Certificate Registrar a list of the names and addresses of Certificateholders, (b) states that such Certificateholder
desires to communicate with other Certificateholders with respect to its rights under this Agreement or under the Certificates
and (c) provides a copy of the communication which such Certificateholder proposes to transmit, then the Certificate Registrar
shall, within ten (10) Business Days after the receipt of such request, afford such Certificateholder access during normal business
hours to a current list of the Certificateholders. Every Certificateholder, by receiving and holding a Certificate, agrees that
the Certificate Registrar and the Certificate Administrator shall not be held accountable by reason of the disclosure of any such
information as to the list of the Certificateholders hereunder, regardless of the source from which such information was derived.
The Servicer, the Special Servicer, the Trustee and the Depositor shall be entitled to a list of the names and addresses of Certificateholders
from time to time upon request therefor and any reasonable costs associated therewith shall be a Trust Fund Expense.


 


Upon
the written request of any Certificateholder or Beneficial Owner that (a) has provided an Investor Certification, (b) states that
such Certificateholder or Beneficial Owner desires the Certificate Administrator to transmit a notice to all Certificateholders
or Beneficial Owner stating that such Certificateholder or Beneficial Owner wishes to be contacted by other Certificateholders
or Beneficial Owners, setting forth the relevant contact information and briefly stating the reason for the requested contact
(a “Special Notice”) and (c) provides a copy of the Special Notice which such Certificateholder or Beneficial
Owner proposes to transmit, the Certificate Administrator shall post such Special Notice to the Certificate Administrator’s
Website pursuant to Section 8.14(b) and shall mail such Special Notice to all Certificateholders at their respective addresses
appearing on the Certificate Register. The costs and expenses of the Certificate Administrator associated with delivering any
such Special Notice shall be borne by the party requesting such Special Notice. Every Certificateholder and Beneficial Owner,
by receiving and holding a Certificate, agrees that neither the Certificate Administrator nor the Certificate Registrar shall
be held accountable by reason of the disclosure of any such Special Notice to Certificateholders, regardless of the information
set forth in such Special Notice.


 






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5.7.       Maintenance
of Office or Agency.      The Certificate Registrar shall maintain or cause to be maintained an office or offices or agency or
agencies where Certificates may be surrendered for registration of transfer or exchange and where notices and demands to or
upon the Certificate Registrar in respect of the Certificates and this Agreement may be served. The Certificate Registrar
initially designates its office at Wells Fargo Bank, National Association, 600 South 4th Street, 7th
Floor, MAC N9300-070, Minneapolis, MN 55479 as its office for such purposes. The Certificate Registrar shall give prompt
written notice to the Certificateholders and the Loan Parties of any change in the location of the Certificate Register or
any such office or agency.


 


6.       THE
DEPOSITOR, THE SERVICER, THE SPECIAL SERVICER AND THE OPERATING ADVISOR


 


6.1.       Respective
Liabilities of the Depositor, the Servicer, the Special Servicer and the Operating Advisor.   The Depositor, the Servicer,
the Special Servicer and the Operating Advisor each shall be liable in accordance herewith only to the extent of the obligations
specifically imposed by this Agreement.


 


6.2.       Merger
or Consolidation of the Servicer, the Special Servicer or the Operating Advisor.   Each of the Servicer, the Special Servicer
and the Operating Advisor shall keep in full effect its existence and rights as an entity under the laws of the jurisdiction of
its organization, and shall be in compliance with the laws of all jurisdictions to the extent necessary to perform its duties
under this Agreement.


 


Any
Person into which the Servicer, the Special Servicer or the Operating Advisor may be merged or consolidated, or any Person resulting
from any merger or consolidation to which the Servicer, the Special Servicer or the Operating Advisor shall be a party, or any
Person succeeding to the business of the Servicer, the Special Servicer or the Operating Advisor (which, in the case of the Servicer,
the Special Servicer or the Operating Advisor, may be limited to all or substantially all of its assets relating to acting as
a servicer or operating advisor, as applicable, for commercial mortgage-backed securitization transactions), shall be the successor
of the Servicer, the Special Servicer or the Operating Advisor, as the case may be, hereunder, and shall be deemed to have assumed
all of the liabilities and obligations of such Servicer, the Special Servicer or the Operating Advisor hereunder, without the
execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding; provided, however, unless such successor or surviving Person is the Servicer, the Special Servicer
or the Operating Advisor, each of the Certificate Administrator and the Trustee shall have received a Rating Agency Confirmation
before any such surviving Person shall be deemed to be the successor of the Servicer, the Special Servicer or the Operating Advisor,
as the case may be, hereunder.


 


6.3.       Limitation
on Liability of the Depositor, the Servicer, the Special Servicer, the Operating Advisor and Others.    (a) Neither
the Depositor, the Servicer, the Special Servicer, the Operating Advisor nor any of their respective directors, officers,
members, managers, partners, employees, Affiliates or agents shall be under any liability to the Trust, the
Certificateholders, any Companion Loan Holder or the Directing Certificateholder for any action taken or for refraining from
the taking of any action in good faith pursuant to this Agreement,


 






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actions
taken or not taken at the direction of Certificateholders or the Companion Loan Holders that does not violate any law or Accepted
Servicing Practices or the provisions of this Agreement or the Co-Lender Agreement, or for errors in judgment; provided,
however, that this provision shall not protect the Depositor, the Servicer, the Special Servicer, the Operating Advisor
or any such other Person against any breach of warranties or representations made herein or any liability which would otherwise
be imposed by reason of willful misconduct, bad faith or negligence in the performance of its duties or by reason of negligent
disregard of its obligations and duties hereunder. The Depositor, the Servicer, the Special Servicer, the Operating Advisor and
any of their respective directors, officers, employees, members, managers, partners, Affiliates or agents may reasonably rely
on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder.
The Depositor, the Servicer, the Special Servicer, the Operating Advisor and any of their respective directors, officers, members,
managers, partners, employees, agents, Affiliates or other “controlling persons” within the meaning of Section 15
of the Act or Section 20 of the Exchange Act (“Controlling Persons”), shall be indemnified by the Trust (in
accordance with the procedures set forth in Section 3.4(c)) and held harmless against any loss, liability, claim, demand
or expense (including reasonable legal fees, costs of enforcing its indemnity and expenses) incurred in connection with any legal
action or other claims, losses, penalties, fines, foreclosures, judgments or liabilities relating to this Agreement, the Mortgage
Loan, the Co-Lender Agreement, the Properties, or the Certificates (except as any such loss, liability or expense shall be otherwise
reimbursable and reimbursed pursuant to this Agreement), other than any loss, liability or expense incurred by reason of willful
misconduct, bad faith or negligence by it in the performance of its duties hereunder or by reason of its negligent disregard of
its obligations and duties hereunder. Neither the Depositor, the Operating Advisor, the Servicer nor Special Servicer shall be
under any obligation to appear in, prosecute or defend any legal action which is not incidental to its respective duties under
this Agreement and which in its opinion may involve it in any expense or liability; provided, however, that the
Depositor, the Operating Advisor, the Servicer or the Special Servicer may, in its discretion, undertake any such action which
it may deem necessary or desirable (in the case of the Servicer or Special Servicer, in accordance with Accepted Servicing Practices)
in respect of this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder.
In such event, the legal expenses and costs of such action and any liabilities of the Trust, and the Depositor, the Operating
Advisor, the Servicer and the Special Servicer shall be entitled to be reimbursed therefor pursuant to Section 3.4(c) from
funds on deposit in the Collection Account or the Distribution Account. Subject to Section 6.6, neither the Servicer nor
the Special Servicer shall be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds
of such Certificates or for the use or application by the Trustee or Certificate Administrator of any funds paid to the Trustee
or the Certificate Administrator, as applicable, in respect of the Mortgage Loan deposited into or withdrawn from the Distribution
Account or any account (other than the Collection Account and the Foreclosed Property Account and any other account maintained
by the Servicer, the Special Servicer or any Sub-Servicer pursuant to this Agreement) maintained by or on behalf of the Trustee
or the Certificate Administrator (except to the extent that any such account is held by the Servicer or the Special Servicer in
its commercial capacity), or for investment of such amounts (other than investments made with the Servicer or the Special Servicer
in its commercial capacity).


 


(b)       In
order to comply with Applicable Banking Law, the Servicer and the Special Servicer, as the case may be, may be required to obtain,
verify and record certain


 






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information
relating to individuals and entities that maintain a business relationship with the Servicer or the Special Servicer. Accordingly,
each of the parties hereto agrees to provide to the Servicer and the Special Servicer, upon its respective request from time to
time, such identifying information and documentation as may be available for such party in order to enable the Servicer and the
Special Servicer to comply with Applicable Banking Law.


 


(c)       The
Depositor shall not have rights or be obligated to monitor or supervise the performance of the Servicer, the Special Servicer,
the Operating Advisor, the Trustee or the Certificate Administrator under this Agreement. The Depositor may, but shall not be
obligated to, enforce the obligations of the Servicer and the Special Servicer (if the Trustee fails to do so), the Trustee and
the Certificate Administrator under this Agreement.


 


6.4.       Servicer
and Special Servicer Not to Resign; Replacement of Servicer or Special Servicer. (a) Each of the Servicer and Special
Servicer may resign and assign its rights and delegate its duties and obligations under this Agreement to any Person or to an
entity, provided that:


 


(i)       the
Person accepting such assignment and delegation (A) shall be an established mortgage finance institution, bank or mortgage servicing
institution having a net worth of not less than $25,000,000, organized and doing business under the laws of the United States
or of any state of the United States or the District of Columbia, authorized under such laws to perform the duties of the Servicer
or the Special Servicer, as the case may be, of the Mortgage Loan, (B) shall execute and deliver to the Trustee an agreement in
form and substance reasonably satisfactory to the Trustee, which contains an assumption by such Person of the due and punctual
performance and observance of each covenant and condition to be performed or observed by the Servicer or the Special Servicer,
as the case may be, under this Agreement from and after the date of such agreement; provided, however that to the
extent such agreement modifies in any respect any of the covenants, terms or conditions in this Agreement to be performed by the
Servicer or the Special Servicer, as the case may be, such agreement shall be subject to the approval of the Trustee, such approval
not to be unreasonably withheld, (C) shall make such representations and warranties of the Servicer or the Special Servicer, as
the case may be, as provided in Section 2.5 and (D) (x) prior to the occurrence and continuance of a Control Event, with
respect to the Servicer, is reasonably acceptable to the Directing Certificateholder or, with respect to the Special Servicer
is approved by the Directing Certificateholder such approval not to be unreasonably withheld, (y) after the occurrence and during
the continuance of a Control Event but so long as no Consultation Termination Event is continuing, is reasonably acceptable to
the Directing Certificateholder, the Depositor, and the Trustee and (z) after a Consultation Termination Event, is reasonably
acceptable to the Depositor and the Trustee;


 


(ii)       Rating
Agency Confirmation has been received;


 


(iii)       the
Servicer or the Special Servicer, as the case may be, shall not be released from its obligations under this Agreement that arose
prior to the effective date of such assignment and delegation under this Section 6.4(a);


 






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(iv)       the
rate at which any servicing compensation (or any component thereof) is calculated shall not exceed the rate specified herein;
and


 


(v)       the
Servicer or the Special Servicer, as the case may be, shall reimburse the Trustee, the Trust, and the Rating Agencies for any
expenses of such assignment, sale or transfer.


 


Upon
satisfaction of the foregoing requirements and acceptance of such assignment, such Person shall be the successor Servicer or the
Special Servicer, as the case may be, hereunder.


 


(b)        Subject
to (and except as otherwise provided in) the provisions of Sections 6.2 and 6.4(a), neither the Servicer nor the
Special Servicer shall resign from its obligations and duties hereby imposed on it, except upon determination that performance
of its duties hereunder is no longer permissible under applicable law or are in material conflict by reason of applicable law
with any other activities carried on by it. Any such determination permitting the resignation of the Servicer or the Special Servicer,
as the case may be, shall be evidenced by an Opinion of Counsel delivered to the Trustee, the Depositor, and, so long as no Consultation
Termination Event is continuing, the Directing Certificateholder. No resignation by the Servicer or the Special Servicer, as applicable,
under this Agreement shall become effective until the Trustee or a successor Servicer or Special Servicer, as applicable, shall
have assumed the responsibilities and obligations of the Servicer or the Special Servicer, as applicable, under this Agreement
in accordance with Section 7.2. Notwithstanding the previous sentence, each of the Servicer and the Special Servicer may
assign its duties and obligations under this Agreement under certain limited circumstances as described herein. In connection
with any such resignation, the successor special servicer shall either (i) prior to a Control Event, be appointed by the Directing
Certificateholder in accordance with Section 7.1; or (ii) after a Control Event, be appointed by the Trustee and otherwise
satisfy the requirements for a successor special servicer set forth in Section 6.4(a).


 


6.5.       Ethical
Wall.


 


(a)       The
Servicer shall maintain reasonable policies and procedures, taking into account the nature of its business, to ensure that divisions
and individuals of the Servicer making Investment Decisions (such division and individuals, “Servicer Investment Personnel”)
will not obtain Confidential Information from the division and individuals of the Servicer who are involved in the performance
of the duties of the Servicer hereunder (such divisions and individuals, “Servicer Servicing Personnel”) and
the Servicer Servicing Personnel will not obtain information regarding Investments from Servicer Investment Personnel. The Servicer
represents that policies and procedures restricting the flow of information exist, and shall be maintained by the Servicer, between
Servicer Investment Personnel, on the one hand, and Servicer Servicing Personnel, on the other, and that such policies and procedures
restricting the flow of information operate in both directions so as to include (a) policies and procedures against the disclosure
of Confidential Information from Servicer Servicing Personnel to Servicer Investment Personnel and (b) policies and procedures
against the disclosure of information regarding Investments from Servicer Investment Personnel to Servicer Servicing Personnel.
The senior management personnel of the Servicer and/or its Affiliate who have obtained Confidential Information in the course
of their exercise of general managerial responsibilities may not participate in or use that


 






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information
to influence Investment Decisions; nor may they pass that information to others for use in such activities; nor may such senior
management personnel who have obtained information regarding Investments in the course of their exercise of general managerial
responsibilities use that information to influence servicing recommendations. Notwithstanding anything herein to the contrary,
the delivery or provision by the Servicer of information or reports as required by this Agreement shall not constitute a violation
or default of this Section 6.5(a).


 


(b)       The
Special Servicer shall maintain reasonable policies and procedures, taking into account the nature of its business, to ensure
that divisions and individuals of the Special Servicer making Investment Decisions (such division and individuals, “Special
Servicer Investment Personnel”) will not obtain Confidential Information from the division and individuals of the Special
Servicer who are involved in the performance of the duties of the Special Servicer hereunder (such divisions and individuals,
“Special Servicer Servicing Personnel”) and the Special Servicer Servicing Personnel will not obtain information
regarding Investments from Special Servicer Investment Personnel. The Special Servicer represents that policies and procedures
restricting the flow of information exist, and shall be maintained by the Special Servicer, between Special Servicer Investment
Personnel, on the one hand, and Special Servicer Servicing Personnel, on the other, and that such policies and procedures restricting
the flow of information operate in both directions so as to include (a) policies and procedures against the disclosure of Confidential
Information from Special Servicer Servicing Personnel to Special Servicer Investment Personnel and (b) policies and procedures
against the disclosure of information regarding Investments from Special Servicer Investment Personnel to Special Servicer Servicing
Personnel. The senior management personnel of the Special Servicer and/or its Affiliate who have obtained Confidential Information
in the course of their exercise of general managerial responsibilities may not participate in or use that information to influence
Investment Decisions; nor may they pass that information to others for use in such activities; nor may such senior management
personnel who have obtained information regarding Investments in the course of their exercise of general managerial responsibilities
use that information to influence servicing recommendations. Notwithstanding anything herein to the contrary, the delivery or
provision by the Special Servicer of information or reports as required by this Agreement shall not constitute a violation or
default of this Section 6.5(b).


 


The
Servicer and the Special Servicer shall afford the Depositor, upon reasonable notice, during normal business hours access to all
non-confidential, non-proprietary records, including those in electronic form, documentation, records or any other information
regarding the Trust Loan that are in its possession or control hereunder and access to its officers responsible therefor. The
Depositor shall not have any responsibility or liability for any action or failure to act by the Servicer or the Special Servicer
and is not obligated to supervise the performance of the Servicer and the Special Servicer under this Agreement or otherwise.


 


6.6.       Indemnification
by the Servicer, the Special Servicer, the Operating Advisor and the Depositor. (a) Each of the Servicer, the Special
Servicer, the Operating Advisor and the Depositor, severally and not jointly, shall indemnify and hold harmless the Trust
from and against any claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and expenses and related
costs, judgments and other costs and expenses incurred by the Trust that arise out of or are based upon (i) a breach by the
Servicer, the Special Servicer, the


 






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Operating
Advisor or the Depositor, as applicable, of its representations and warranties, as applicable, under this Agreement or (ii) negligence,
bad faith or willful misconduct on the part of the Servicer, the Special Servicer, the Operating Advisor or the Depositor in the
performance of such obligations or its negligent disregard of its obligations and duties under this Agreement.


 


(b)       Each
of the Servicer and the Special Servicer, severally and not jointly, shall indemnify and hold harmless the Companion Loan Holders
from and against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable legal fees and related costs,
judgments, and any other costs, fees and expenses that the Companion Loan Holders may sustain in connection with this Agreement
that arise out of or are based upon the Servicer’s or the Special Servicer’s, as the case may be, willful misconduct,
bad faith or negligence in the performance of its obligations and duties hereunder or by reason of negligent disregard of its
obligations and duties hereunder.


 


7.       SERVICER
TERMINATION EVENTS; TERMINATION OF SPECIAL SERVICER WITHOUT CAUSE


 


7.1.       Servicer
Termination Events; Special Servicer Termination Events.  (a) “Servicer Termination Event,” or “Special
Servicer Termination Event” wherever used herein with respect to the Servicer or the Special Servicer, as the case may
be, means any one of the following events whether it shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body:


 


(i)       any
failure by the Servicer or the Special Servicer to remit any payment required to be made or remitted by it (other than Advances
described under clause (ii) below) when required to be remitted under the terms of this Agreement by 11:00 a.m., New York
time, on the Business Day following the day on which such remittance was required to be made;


 


(ii)       any
failure of the Servicer (a) to make any Monthly Payment Advance required to be made pursuant to this Agreement on or prior to
the applicable Remittance Date that is not cured by 11:00 a.m., New York time, on the related Distribution Date, (b) to make any
Administrative Advance required to be made pursuant to this Agreement on or prior to the applicable Remittance Date that is not
cured by 11:00 a.m., New York time, on the related Distribution Date, or (c) to make any Property Protection Advance required
to be made pursuant to this Agreement when the same is due and such failure continues unremedied for ten (10) Business Days (or
such shorter period (not less than one Business Day) as would prevent a lapse in insurance or a delinquent payment of real estate
taxes or ground rents) following the day on which the Servicer receives notice of such lapse or delinquency or should have received
such notice if it had been acting in accordance with Accepted Servicing Practices;


 


(iii)       any
failure by the Servicer or the Special Servicer, as applicable, to observe or perform in any material respect any other of its
covenants or agreements or the material breach of its representations or warranties under this Agreement, which failure shall
continue unremedied for a period of thirty (30) days after the day on which written


 






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notice
of such failure shall have been given to the Servicer or the Special Servicer, as applicable, by the Trustee or to the Servicer
or the Special Servicer, as applicable, and the Trustee by the Holders of Certificates having greater than 25% of the aggregate
Voting Rights of all then outstanding Certificates or, with respect to a Companion Loan affected by such breach, by the related
Companion Loan Holder; provided, however, that with respect to any such failure that is not curable within such
thirty (30) day period, the Servicer or the Special Servicer, as applicable, will have an additional cure period of thirty (30)
days to effect such cure so long as it has commenced to cure such failure within the initial thirty (30) day period and has provided
the Trustee with an officer’s certificate certifying that it has diligently pursued, and is continuing to diligently pursue,
such cure;


 


(iv)       a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Servicer or the Special Servicer, as applicable,
and such decree or order shall have remained in force undischarged or unstayed for a period of sixty (60) days; provided,
however, that, with respect to any such decree or order that cannot be discharged, dismissed or stayed within such sixty
(60) day period, the Servicer or the Special Servicer, as applicable, will have an additional period of thirty (30) days to effect
such discharge, dismissal or stay so long as it has commenced proceedings to have such decree or order dismissed, discharged or
stayed within the initial sixty (60) day period and has diligently pursued, and is continuing to pursue, such discharge, dismissal
or stay;


 


(v)       the
Servicer or the Special Servicer, as applicable, shall consent to the appointment of a conservator or receiver or liquidator or
liquidation committee in any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or
similar proceedings of or relating to the Servicer or the Special Servicer or of or relating to all or substantially all of its
property;


 


(vi)       the
Servicer or the Special Servicer, as applicable, shall admit in writing its inability to pay its debts generally as they become
due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit
of its creditors, or voluntarily suspend payment of its obligations;


 


(vii)      the
Servicer or the Special Servicer, as applicable, is removed from S&P’s Select Servicer List as a U.S. Commercial Mortgage
Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, and is not restored to such status on such list
within sixty (60) days;


 


(viii)       DBRS
(A) has qualified, downgraded or withdrawn its rating or ratings of one or more Classes of Certificates, or (B) has placed one
or more Classes of Certificates on “watch status” in contemplation of a rating downgrade or withdrawal (and such qualification,
downgrade, withdrawal or “watch status” placement has not been withdrawn


 






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within 60 days of such event) and, in the
case of either of clauses (A) or (B), cited servicing concerns with the Servicer or the Special Servicer, as the
case may be, as the sole or material factor in such action;


 


(ix)       a
Companion Loan Rating Agency has (A) qualified, downgraded or withdrawn its rating or ratings of one or more classes of Companion
Loan Securities, or (B) placed one or more classes of Companion Loan Securities on “watch status” in contemplation
of rating downgrade or withdrawal and, in the case of either of clauses (A) or (B), citing servicing concerns with the Servicer
or the Special Servicer, as applicable as the sole or material factor in such rating action (and such qualification, downgrade,
withdrawal or “watch status” placement has not been withdrawn by such Companion Loan Rating Agency within sixty (60)
days of such event); or


 


(x)       so
long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Servicer or Special Servicer,
as applicable, or any primary servicer, Sub-Servicer or Servicing Function Participant (such entity, the “Sub-Servicing
Entity”) retained by the Servicer or Special Servicer, shall fail to deliver the items required to be delivered to such
Other Securitization Trust as required by this Agreement to enable such Other Securitization Trust to comply with its reporting
obligations under the Exchange Act within 5 Business Days of such failure to comply with the requirements set forth in Article
13, including any applicable grace periods (and any Sub-Servicing Entity that defaults in accordance with this Section
7.1(a)(x) shall be terminated at the direction of the Depositor).


 


(b)       Upon
the occurrence of any Servicer Termination Event or Special Servicer Termination Event, the Trustee shall, upon actual knowledge
of a Responsible Officer or receipt of notice from the Servicer or Special Servicer of same, promptly notify the Certificate Administrator
in writing. The Certificate Administrator shall, upon receipt of such notice (or receipt of a notice from the Servicer or the
Special Servicer of the occurrence of a Servicer Termination Event or Special Servicer Termination Event), (i) post such notice
on the Certificate Administrator’s Website pursuant to Section 8.14, (ii) provide such notice to the 17g-5 Information
Provider who shall post written notice thereof to the 17g-5 Information Provider’s Website pursuant to Section 8.14,
(iii) provide notice to the Companion Loan Holders and (iv) provide notice of the same to the Certificateholders by mail, to the
addresses set forth on the Certificate Register, unless the related Servicer Termination Event or Special Servicer Termination
Event, as applicable, shall have been cured or waived. For avoidance of doubt, (i) the occurrence of a Servicer Termination Event
with respect to the Servicer shall not cause there to have occurred a Special Servicer Termination Event with respect to the Special
Servicer unless the relevant event also constitutes a Special Servicer Termination Event and (ii) the occurrence of a Special
Servicer Termination Event with respect to the Special Servicer shall not cause there to have occurred a Servicer Termination
Event with respect to the Servicer unless the relevant event also constitutes a Servicer Termination Event. Notwithstanding anything
herein to the contrary, the Depositor shall have the right, but not the obligation, to notify the Trustee of any Servicer Termination
Event or Special Servicer Termination Event of which the Depositor becomes aware.


 






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(c)       If
a Servicer Termination Event or Special Servicer Termination Event shall occur then, and in each and every such case, so long
as such Servicer Termination Event or Special Servicer Termination Event shall not have been remedied, either (i) the Trustee
may, or (ii) upon the written direction of Holders of Principal Balance Certificates having at least 25% of the Voting Rights
(taking into account the application of any Trust Appraisal Reduction Amount to notionally reduce the Certificate Balances of
the Principal Balance Certificates) of the Principal Balance Certificates or, if affected thereby, of the applicable Companion
Loan Holders (solely with respect to a Special Servicer Termination Event), the Trustee shall terminate all of the rights and
obligations of the Servicer or the Special Servicer, as applicable, under this Agreement, other than rights and obligations accrued
prior to such termination, and in and to the Mortgage Loan and the proceeds thereof by notice in writing to the Servicer or the
Special Servicer, as applicable; provided that, notwithstanding anything to the contrary, if a Special Servicer Termination
Event under clauses (i), (ii), (iii), (ix) and/or (x) of Section 7.1(a) only has an
adverse effect on a Companion Loan, a Companion Loan Holder or a rating on any Companion Loan Securities, but has no adverse effect
on the Trust Loan, the Certificateholders or a rating on any of the Certificates, then (A) the Special Servicer shall not be terminated
by the Trustee pursuant to clause (i) above of this sentence without the written direction of the affected Companion Loan
Holders or upon the written direction of the Holders of Certificates pursuant to clause (ii) above of this sentence, and
(B) (x) with respect to a Special Servicer Termination Event under clause (x) of Section 7.1(a), the related Other
Depositor shall be able to require termination of the Special Servicer pursuant to clause (ii) above of this sentence.
In addition, (A) if any Servicer Termination Event on the part of the Servicer affects a Companion Loan, a Companion Loan Holder
or a rating on any Companion Loan Securities, and if the Servicer is not otherwise terminated or (B) if a Servicer Termination
Event on the part of the Servicer affects only a Companion Loan, a Companion Loan Holder or a rating on any Companion Loan Securities,
then the Servicer may not be terminated by or at the direction of the related Companion Loan Holder or the holder of any Companion
Loan Securities, but upon the written direction of the related Companion Loan Holder, the Servicer will be required to appoint
a sub-servicer that will be responsible for servicing the Mortgage Loan. Upon any termination of the Servicer or the Special Servicer,
as applicable, and appointment of a successor to the Servicer or the Special Servicer, as applicable, the Trustee shall notify
the Certificate Administrator and the Certificate Administrator shall post such written notice thereof on the Certificate Administrator’s
Website and provide the same to the 17g-5 Information Provider who shall post written notice thereof to the 17g-5 Information
Provider’s Website pursuant to Section 8.14(b), and thereafter, give written notice to the Depositor, the Companion
Loan Holders and the Certificateholders by mail to the addresses set forth in the Certificate Register. Notwithstanding anything
herein to the contrary, the Depositor shall have the right, but not the obligation, to notify the Trustee of any Servicer Termination
Event or Special Servicer Termination Event of which the Depositor becomes aware. Prior to the occurrence and continuance of a
Control Event, the Directing Certificateholder shall have the right to select the successor special servicer following any Special
Servicer Termination Event.


 


(d)       Prior
to the occurrence and continuance of a Control Event, and subject to the right of the Operating Advisor to recommend the termination
of the Special Servicer and recommend a Qualified Replacement Special Servicer and the right of the Certificateholders to approve
the replacement of the Special Servicer with such Qualified Replacement Special Servicer pursuant to this Section 7.1(i),
the Directing Certificateholder shall have the right to


 






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direct
the Trustee to terminate the Special Servicer (subject to such terminated Special Servicer’s rights to indemnification,
payment of outstanding fees, reimbursement of Advances, and other rights set forth in this Agreement which survive termination)
at any time, with or without cause, and the Directing Certificateholder shall have the right to, and shall, appoint a successor
special servicer who shall execute and deliver to the other parties hereto an agreement, in form and substance reasonably satisfactory
to the Trustee, whereby the successor Special Servicer agrees to assume and perform punctually the duties of the Special Servicer
specified in this Agreement; provided that the Trustee shall have received a Rating Agency Confirmation from each Rating
Agency prior to the termination of the Special Servicer. The Special Servicer shall not be terminated pursuant to this paragraph
until a successor special servicer shall have been appointed. The Directing Certificateholder shall pay any costs and expenses
incurred by the Trustee or the Trust in connection with the removal and appointment of a Special Servicer pursuant to this paragraph
(unless such removal is based on any of the events or circumstances set forth in Section 7.1(a)). Notwithstanding anything
to the contrary in this Agreement, no successor special servicer appointed by the Directing Certificateholder (including, without
limitation, the initial Special Servicer) pursuant to Section 6.4, Section 7.1(c) or this Section 7.1(d)
or otherwise pursuant to this Agreement shall be required to meet any independent net worth or similar financial covenant; provided,
however, that notwithstanding the foregoing, any successor special servicer may not be a Borrower Affiliate and shall satisfy
any Rating Agency conditions set forth in the Rating Agency Confirmation delivered by such Rating Agency with respect to such
successor special servicer and any other conditions as set forth in this Agreement.


 


Notwithstanding
the foregoing, if a Servicer Termination Event occurs and such Servicer Termination Event only has an adverse effect on the Companion
Loan or the rating of a Companion Loan Security and the Servicer is not otherwise terminated, then the Trustee, at the direction
of the Companion Loan Holder or the Depositor (in the case of clause (x) of the definition “Servicer Termination
Event”), will be required to direct the Servicer to (and the Servicer shall) appoint a sub-servicer that will be responsible
for servicing the Mortgage Loan, or if the Mortgage Loan is currently being sub-serviced, then the Trustee will be required to
direct the Servicer to (and the Servicer shall) replace such sub-servicer with a new sub-servicer (but only if such original sub-servicer
is in default (beyond any applicable cure periods) under the related sub-servicing agreement, and the Servicer is permitted to
terminate the sub-servicing agreement due to such default); provided that the Servicer shall be required to obtain a Rating
Agency Confirmation from each Rating Agency (including a Companion Loan Rating Agency Confirmation) with respect to the appointment
of such sub-servicer (at the expense of the Servicer). If any Special Servicer Termination Event occurs and such Special Servicer
Termination Event only has an adverse effect on the Companion Loan or a Companion Loan Security and the Special Servicer is not
otherwise terminated, then the Trustee, at the direction of the Companion Loan Holder, will be required to terminate the Special
Servicer. In addition, in the event that a Special Servicer Termination Event under clause (x) of the definition thereof
occurs and the Special Servicer is not otherwise terminated, the Trustee will be required to terminate the Special Servicer at
the direction of the Depositor.


 


(e)       During
the continuance of a Control Event, upon the written direction of Holders of Principal Balance Certificates evidencing not less
than 25% of the Voting Rights (taking into account the application of any Trust Appraisal Reduction Amounts to notionally






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reduce
the Certificate Balances of the Certificates) of the Principal Balance Certificates requesting a vote to replace the Special Servicer
with a new special servicer designated in such written direction (which must be a Qualified Replacement Special Servicer), the
Certificate Administrator shall promptly post such written direction to the Certificate Administrator’s Website pursuant
to Section 8.14(b). Upon (i) delivery by such Holders to the Certificate Administrator of Rating Agency Confirmation from
each Rating Agency with respect to the termination of the Special Servicer and the appointment of a new Special Servicer (which
confirmation shall be obtained at the expense of such holders) and (ii) payment by such Holders to the Certificate Administrator
of the reasonable fees and expenses (including any legal fees and expenses and any Rating Agency fees and expenses) to be incurred
by the Certificate Administrator in connection with administering such vote (which fees and expenses will not be additional Trust
Fund Expenses), the Certificate Administrator shall promptly post written notice of a request for such a vote to the Certificate
Administrator’s Website pursuant to Section 8.14(b), provide written notice to all Certificateholders of such request
by mail, and shall conduct the solicitation of votes of all Certificates. Such votes will be effective only if received by the
Certificate Administrator within 180 days of the posting of such notice on the Certificate Administrator’s Website. Any
votes not received within such 180-day period shall be of no force and effect. If Holders of Principal Balance Certificates evidencing
at least 66-2/3% of a Certificateholder Quorum vote in favor of replacing the Special Servicer within such 180-day period, the
Certificate Administrator shall notify the Trustee and the Trustee shall terminate all of the rights (subject to such terminated
Special Servicer’s rights to indemnification, payment of outstanding fees, reimbursement of Advances and other rights set
forth in this Agreement which survive termination) and obligations of the Special Servicer under this Agreement and appoint the
successor Special Servicer designated by such Certificateholders; provided, however, such successor Special Servicer
shall (i) satisfy the eligibility requirements applicable to the Special Servicer contained in this Agreement and (ii) not also
be a Borrower Affiliate, the current Special Servicer or an affiliate of the current Special Servicer. The provisions set forth
in the foregoing sentences of this paragraph shall be binding upon and inure to the benefit of solely the Certificateholders and
the Trustee as between each other. The Special Servicer shall not have any cause of action based upon or arising from any breach
or alleged breach of such provisions. As between the Special Servicer, on the one hand, and the Certificateholders, on the other,
the Certificateholders shall be entitled in their sole discretion to vote for the termination or not vote for the termination
of the Special Servicer. The Holders of the Certificates that initiated the vote to replace the Special Servicer shall pay the
costs and expenses incurred in connection with the removal and replacement of the Special Servicer pursuant to this paragraph.
The Certificate Administrator shall include on each Distribution Date Statement a statement that each Certificateholder may access
such notices on the Certificate Administrator’s Website and that each Certificateholder may register to receive e-mail notifications
when such notices are posted thereon.


 


(f)       [Reserved].


 


(g)       In
the event that the Servicer or Special Servicer is terminated pursuant to this Section 7.1, the Trustee shall notify the
outgoing Servicer or Special Servicer, as the case may be, of the effective date of its termination, and the Trustee (the “Terminating
Party”) shall, by notice in writing to the Servicer or Special Servicer, as the case may be (the “Terminated
Party”) (with a copy to the Certificate Administrator, and the 17g-5 Information Provider (who


 






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shall post it to its
website)), terminate all of its rights and obligations under this Agreement and in and to the Mortgage Loan and the proceeds thereof,
other than any rights the Terminated Party may have hereunder as a Certificateholder to the Excess Servicing Fee Right, and to
any rights or obligations that accrued prior to the date of such termination (including the right to receive all amounts accrued
or owing to it under this Agreement with respect to periods prior to the date of such termination and the right to the benefits
of Section 6.3 notwithstanding any such termination). On or after the receipt by the Terminated Party of such written notice,
subject to the foregoing, all of its authority and power under this Agreement, whether with respect to the Certificates (except
that the Terminated Party shall retain its rights as a Certificateholder in the event and to the extent that it is a Certificateholder)
or the Mortgage Loan or otherwise, shall pass to and be vested in the Terminating Party pursuant to and under this Section
7.1 (absent the appointment of a successor, and such successor’s assumption of obligations hereunder, including, without
limitation, by the Directing Certificateholder prior to the occurrence and continuance of a Control Event) and, without limitation,
the Terminating Party is hereby authorized and empowered to execute and deliver, on behalf of and at the expense of the Terminated
Party, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or
things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement
or assignment of the Mortgage Loan and related documents, or otherwise. The Servicer and the Special Servicer, as applicable,
each agrees that, in the event it is terminated pursuant to this Section 7.1, or resigns under Section 6.4(b), to
promptly (and in any event no later than ten (10) Business Days subsequent to such notice) provide, at its own expense, the Terminating
Party (which term shall include for the purposes of the remainder of this Section 7.1(g), the Trustee (or a successor Servicer
or Special Servicer) in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b)) with
all documents and records requested by the Terminating Party to enable the Terminating Party to assume its functions hereunder,
and to cooperate with the Terminating Party and the successor to its responsibilities hereunder in effecting the termination of
its responsibilities and rights hereunder, including, without limitation, the transfer to the successor Servicer or Special Servicer,
as applicable, or the Terminating Party, as applicable, for administration by it of all cash amounts which shall at the time be
or should have been credited by the Terminated Party (which term shall include, for the purposes of the remainder of this Section
7.1(g), the resigning party in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b))
to the Collection Account, any Foreclosed Property Account or shall thereafter be received with respect to the Mortgage Loan,
and shall promptly provide the Terminating Party or such successor Servicer or Special Servicer, as applicable (which may include
the Trustee), as applicable, all documents and records reasonably requested by it, such documents and records to be provided in
such form as the Terminating Party or such successor Servicer or Special Servicer, as applicable, shall reasonably request (including
electronic form), to enable it to assume the function of the Servicer or Special Servicer, as applicable, hereunder. All reasonable
costs and expenses of the Terminating Party or the successor Servicer or Special Servicer, as applicable, incurred in connection
with transferring the Mortgage File to the Terminating Party or to the successor Servicer or Special Servicer, as applicable,
and amending this Agreement to reflect such succession pursuant to this Section 7.1 shall be paid by the Terminated Party
upon presentation of reasonable documentation of such costs and expenses. If the Terminated Party has not reimbursed the Terminating
Party or such successor Servicer or Special Servicer, as applicable, for such expenses within ninety (90)


 






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days after the presentation
of reasonable documentation, such expense shall be reimbursed by the Trust pursuant to Section 3.4(c); provided
that the Terminated Party shall not thereby be relieved of its liability for such expenses. Notwithstanding the foregoing, in
the event that the Special Servicer is terminated without cause pursuant to this Section 7.1, all costs and expenses incurred
or payable by the terminated Special Servicer under this Section 7.1 shall be paid by the Trust Fund.


 


(h)       If
at any time the Operating Advisor determines, in its sole discretion exercised in good faith, that (i) the Special Servicer is
not performing its duties as required hereunder or is otherwise not acting in accordance with Accepted Servicing Practices, and
(ii) the replacement of the Special Servicer would be in the best interest of the Certificateholders as a collective whole, then
the Operating Advisor shall deliver to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written
report in the form of Exhibit AA attached hereto (which form may be modified or supplemented from time to time to cure
any ambiguity or error or to incorporate any additional information, subject to compliance of such form with the terms and provisions
of this Agreement; provided, further, that in no event shall the information or any other content included in such
written report contravene any provision of this Agreement) detailing the reasons supporting its recommendation (along with relevant
information justifying its recommendation) and recommending a suggested replacement special servicer (which shall be a Qualified
Replacement Special Servicer). In such event, the Certificate Administrator shall promptly notify each Certificateholder of the
recommendation and post such notice and report on the Certificate Administrator’s Website in accordance with Section
8.14(b), and concurrently by mail conduct the solicitation of votes of all Certificates in such regard. Upon (i) the affirmative
vote of Holders of Principal Balance Certificates evidencing at least a majority of a quorum of Certificateholders (which, for
this purpose, is the Holders of Certificates that (A) evidence at least 20% of the Voting Rights (taking into account the application
of any Appraisal Reduction Amounts to notionally reduce the respective Certificate Balances) of all Principal Balance Certificates
on an aggregate basis, and (B) consist of at least three Certificateholders or Certificate Owners that are not Risk Retention
Affiliates) and (ii) receipt of Rating Agency Confirmation from each Rating Agency with respect to the termination of the Special
Servicer and the appointment of a successor special servicer recommended by the Operating Advisor following satisfaction of the
foregoing clause (i), the Trustee shall (1) terminate all of the rights and obligations of the Special Servicer under this
Agreement and appoint such successor Special Servicer and (2) promptly notify such outgoing Special Servicer of the effective
date of such termination. The reasonable out-of-pocket costs and expenses (including reasonable legal fees and expenses of outside
counsel) associated with obtaining such Rating Agency Confirmations and administering such vote and the Operating Advisor’s
identification of a Qualified Replacement Special Servicer shall be an additional expense of the Trust. In the event that the
Certificate Administrator does not receive the affirmative vote of at least a majority of the quorum described in clause (i)
of the preceding sentence within 180 days of after the notice is posted to the Certificate Administrator’s Website,
then the Trustee shall have no obligation to remove the Special Servicer. Prior to the appointment of any replacement special
servicer, such replacement special servicer shall have agreed to succeed to the obligations of the Special Servicer under this
Agreement and to act as the Special Servicer’s successor hereunder. In the event the Special Servicer is terminated pursuant
to this Section 7.1, the Directing Certificateholder may not subsequently reappoint such terminated Special Servicer or
any Risk Retention Affiliate thereof. For the sake of clarity, the


 






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recommendation
of replacement of the Special Servicer by the Operating Advisor and the approval of the Certificateholders of such Qualified Replacement
Special Servicer shall not preclude the Directing Certificateholder from appointing a replacement special servicer, provided
that such replacement may not be the removed Special Servicer or its Affiliate.


 


(i)       Neither
the Operating Advisor nor its Affiliates may be appointed as a successor Servicer or Special Servicer.


 


7.2.     Trustee
to Act; Appointment of Successor.


 


(a)       On
and after the time the Servicer or Special Servicer, as the case may be, receives a notice of termination pursuant to Section
7.1, or resigns pursuant to Section 6.4(b), the Terminating Party (which term shall include, for the purposes of the
remainder of this Section 7.2, the Trustee (or a successor Servicer or Special Servicer including a successor appointed
under Section 6.4(a)) in connection with a resignation of the Servicer or the Special Servicer under Section 6.4(b))
shall, unless prohibited by law, be the successor to the Terminated Party (which term shall include, for the purposes of the remainder
of this Section 7.2, the resigning party in connection with a resignation of the Servicer of the Special Servicer under
Section 6.4(b)) in all respects under this Agreement and the transactions set forth or provided for herein and, except
as provided herein, shall be subject to all the responsibilities, duties, limitations on liability and liabilities relating thereto
and arising thereafter placed on the Terminated Party by the terms and provisions hereof; provided, however, that
(i) neither the Trustee nor the Terminating Party (or any successor Servicer or Special Servicer, as the case may be) shall have
responsibilities, duties, liabilities or obligations with respect to any act or omission of the Terminated Party and (ii) any
failure to perform, or delay in performing, such duties or responsibilities caused by the Terminated Party’s failure to
provide, or delay in providing, records, tapes, disks, information or monies or failure to cooperate as required by this Agreement
shall not be considered a default by the Terminating Party or such successor hereunder. The Trustee, as successor Servicer, and
any other successor Servicer or Special Servicer, as the case may be, shall be indemnified to the full extent provided to the
Trustee under this Agreement. The appointment of a successor Servicer or Special Servicer, as the case may be, shall not affect
any liability of the Terminated Party that may have arisen prior to its termination as such. The Terminating Party shall not be
liable for any of the representations and warranties of the Terminated Party herein or in any related document or agreement, for
any acts or omissions of the Terminated Party or for any losses incurred in respect of any Permitted Investment by the Terminated
Party nor shall the Terminating Party or any successor Servicer or Special Servicer be required to purchase the Mortgage Loan
hereunder. As compensation therefor, the Terminating Party as successor Servicer or Special Servicer, as the case may be, shall
be entitled to all compensation with respect to the Mortgage Loan to which the Terminated Party would have been entitled that
accrues after the date of the Terminating Party’s succession to which the Terminated Party would have been entitled if it
had continued to act hereunder and, in the case of a successor Special Servicer, the Special Servicing Fee. Notwithstanding the
above, the Trustee may, if it shall be unwilling to so act, or shall, if it is unable to so act, or during the continuance of
a Control Event if the Holders of Principal Balance Certificates having greater than 25% of the aggregate Voting Rights (taking
into account the application of Trust Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the Certificates)
of all then outstanding Principal Balance Certificates so request in writing to the Trustee, or the Trustee is not approved


 






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by
the Rating Agencies as a Servicer or Special Servicer, as the case may be, as evidenced by a Rating Agency Confirmation, or if
the Rating Agencies do not provide a Rating Agency Confirmation with respect to the succession of the Trustee as Servicer or Special
Servicer, as the case may be, promptly appoint, or petition a court of competent jurisdiction to appoint, any established Mortgage
Loan servicing institution reasonably satisfactory to the Trustee the appointment for which a Rating Agency Confirmation is obtained,
as the successor to the Servicer or Special Servicer, as applicable, hereunder in the assumption of all or any part of the responsibilities,
duties or liabilities of the Servicer or Special Servicer, as applicable, hereunder. No appointment of a successor to a Terminated
Party hereunder shall be effective until the assumption by such successor of all the Terminated Party’s responsibilities,
duties and liabilities hereunder. Pending appointment of a successor to a Terminated Party hereunder, unless the Trustee shall
be prohibited by law from so acting, the Trustee shall act in the applicable capacity as herein above provided. Any appointment
or succession by the Trustee to the rights and obligations of the Special Servicer hereunder shall be subject to the Directing
Certificateholder’s right to replace the Special Servicer prior to the occurrence and continuance of a Control Event. In
connection with such appointment and assumption described herein, the Trustee may make such arrangements for the compensation
of such successor out of payments on the Mortgage Loan as it and such successor shall agree; provided, however,
that no such compensation shall be in excess of that permitted the Terminated Party hereunder, except that if no successor to
the Terminated Party can be obtained to perform the obligations of such Terminated Party hereunder, additional amounts shall be
paid to such successor and such amounts in excess of that permitted the Terminated Party shall be paid pursuant to Section
3.4(c). The Depositor, the Trustee, the Servicer (as applicable), the Special Servicer (as applicable) and such successor
shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession.


 


(b)       Notwithstanding
Section 7.1(c) of this Agreement, if a Servicer receives a notice of termination solely due to a Servicer Termination Event,
under Section 7.1(a)(vii) or (viii) and the terminated Servicer provides the Trustee with the appropriate “request
for proposal” materials within five (5) Business Days after such termination, then such Servicer shall continue to serve
as Servicer, if requested to do so by the Trustee, and the Trustee shall promptly thereafter (using such “request for proposal”
materials provided by the terminated Servicer) solicit good faith bids for the rights to master service the Mortgage Loan from
at least three (3) Persons qualified to act as successor Servicer hereunder in accordance with Section 6.4 and Section
7.2 for which the Trustee has received Rating Agency Confirmation (any such Person so qualified, a “Qualified Bidder”)
or, if three (3) Qualified Bidders cannot be located, then from as many Persons as the Trustee can determine are Qualified Bidders;
provided, however, that (i) at the Trustee’s request, the terminated Servicer shall supply the Trustee with
the names of Persons from whom to solicit such bids; and (ii) the Trustee shall not be responsible if less than three (3) or no
Qualified Bidders submit bids for the right to master service the Mortgage Loan under this Agreement. The bid proposal shall require
any Successful Bidder (as defined below), as a condition of such bid, to enter into this Agreement as successor Servicer with
respect to the Mortgage Loan, and to agree to be bound by the terms hereof, within forty-five (45) days after the receipt by the
terminated Servicer of a notice of termination. The Trustee shall solicit bids (i) on the basis of such successor Servicer entering
into a Sub-Servicing Agreement with the terminated Servicer to service the Mortgage Loan at a sub-servicing fee rate per annum
equal to the excess of the Servicing Fee Rate over the Excess Servicing Fee Rate (each, a “Servicing-



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Retained Bid”)
and (ii) on the basis of having no obligation to enter into a Sub-Servicing Agreement with the terminated Servicer (each, a “Servicing-Released
Bid”). The Trustee shall select the Qualified Bidder with the highest cash Servicing-Retained Bid (or, if none, the
highest cash Servicing-Released Bid) (the “Successful Bidder”) to act as successor Servicer hereunder. The
Trustee shall direct the Successful Bidder to enter into this Agreement as successor Servicer pursuant to the terms hereof (and,
if the successful bid was a Servicing-Retained Bid, to enter into a Sub-Servicing Agreement with the terminated Servicer as contemplated
above), no later than forty-five (45) days after the termination of the terminated Servicer. Upon the assignment and acceptance
of the servicing rights hereunder to and by the Successful Bidder, the Certificate Administrator shall remit or cause to be remitted
to the terminated Servicer the amount of such cash bid received from the Successful Bidder (net of “out of pocket”
expenses incurred in connection with obtaining such bid and transferring servicing).


 


If
the Trustee or an Affiliate acts pursuant to this Section 7.2 as successor to the resigning or terminated Servicer, it
may reduce such terminated Servicer’s Excess Servicing Fee Rate to the extent that its or such Affiliate’s compensation
as successor Servicer would otherwise be below market rate servicing compensation. If the Trustee elects to appoint a successor
to the resigning or terminated Servicer other than itself or an Affiliate pursuant to this Section 7.2, it may reduce such
Servicer’s Excess Servicing Fee Rate to the extent reasonably necessary (in the sole discretion of the Trustee) for the
Trustee to appoint a qualified successor Servicer that meets the requirements of this Section 7.2.


 


7.3.       [Reserved].


 


7.4.       Other
Remedies of Trustee. During the continuance of any Servicer Termination Event or Special Servicer Termination Event, as
the case may be, or so long as such Servicer Termination Event or Special Servicer Termination Event shall not have been
remedied, the Trustee, in addition to the rights specified in Section 7.1, shall have the right, in its own name as
trustee of an express trust, to take all actions now or hereafter existing at law, in equity or by statute to enforce its
rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders and the
Companion Loan Holders (including the institution and prosecution of all judicial, administrative and other proceedings and
the filing of proofs of claim and debt in connection therewith). In such event, the legal fees, expenses and costs of such
action and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust, and the Trustee shall be
entitled to be reimbursed therefor pursuant to Section 3.4(c) from the Collection Account. Except as otherwise
expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and
each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right
or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Servicer Termination Event or
Special Servicer Termination Event.


 


7.5.       Waiver
of Past Servicer Termination Events and Special Servicer Termination Events. The Holders of Principal Balance
Certificates evidencing not less than 66 2/3% of the aggregate Voting Rights of all then outstanding Principal
Balance Certificates may, on behalf of all Certificateholders and upon adequate indemnification of the Trustee by the
requesting Holders of Certificates, waive any Servicer Termination Event or Special Servicer Termination Event, as
applicable, except a failure to make any required deposits (including


 






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Monthly
Payment Advances) to or payments from the Collection Account, the Distribution Account or any Foreclosed Property Account or to
remit payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past Servicer Termination
Event or Special Servicer Termination Event, such Servicer Termination Event or Special Servicer Termination Event shall cease
to exist, and the related Servicer Termination Event or Special Servicer Termination Event arising therefrom shall be deemed to
have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair
any right related thereto.


 


7.6.       Trustee
as Maker of Advances.


 


In
the event that the Servicer fails to fulfill its obligations hereunder to make any Advances, the Servicer shall notify the Trustee
of its failure to make such Advances as promptly as possible, but in the case of any Monthly Payment Advances no later than 3:00
p.m. (New York time) on the related Remittance Date, and the Certificate Administrator shall notify the Trustee of the Servicer’s
failure to make any Advances as promptly as possible, but in the case of any Monthly Payment Advances no later than 6:00 p.m.
(New York time) on the related Remittance Date. The Trustee shall, subject to its own determination of recoverability (made in
the same manner as required of the Servicer pursuant to the terms of this Agreement), perform such obligations (w) within five
(5) Business Days (or such shorter period (but not less than one (1) Business Day) as may be required, if applicable, to avoid
any lapse in insurance coverage required under the Mortgage Loan Documents or this Agreement with respect to the Properties (or
any Property) or to avoid any foreclosure or similar action with respect to the Properties (or any Property) by reason of failure
to pay real estate taxes, assessments, ground rents or governmental charges) of a Responsible Officer of the Trustee obtaining
knowledge of such failure by the Servicer or the Special Servicer with respect to Property Protection Advances and Administrative
Advances and (x) by 12:00 noon New York time on the related Distribution Date with respect to Monthly Payment Advances provided
that the Trustee has received notice from the Servicer or the Certificate Administrator by 6:00 p.m. (New York time) on the
Remittance Date of the failure of the Servicer to make a required Monthly Payment Advance. With respect to any such Advance made
by the Trustee, the Trustee shall succeed to all of the Servicer’s rights with respect to Advances hereunder, including,
without limitation, the rights of reimbursement and interest on each Advance at the Advance Rate, and rights to determine that
a proposed Advance is a Nonrecoverable Advance (without regard to any impairment of any such rights of reimbursement caused by
such Servicer’s default in its obligations hereunder and further subject to the Trustee’s standard of good faith judgment);
provided, however, that if Advances made by the Trustee and/or the Servicer shall at any time be outstanding, or
any interest on any Advance shall be accrued and unpaid, all amounts available to repay such Advances and the interest thereon
hereunder shall be applied entirely to the Advances outstanding to the Trustee until such Advances shall have been repaid in full,
together with all interest accrued thereon, prior to reimbursement of the Servicer for such Advances and interest accrued thereon.
The Trustee shall be entitled to conclusively rely on any notice given by the Servicer with respect to a Nonrecoverable Advance
hereunder. The Trustee shall notify the master servicer and trustee with respect to each Other Securitization Trust of the amount
of any Monthly Payment Advance made by it pursuant to this Section 7.6 within two (2) Business Days of making such advance.


 






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8.       THE
TRUSTEE AND THE CERTIFICATE aDMINISTRATOR


 


8.1.       Duties
of the Trustee and the Certificate Administrator. (a) Each of the Trustee and the Certificate Administrator, prior to
the occurrence of a Servicer Termination Event or Special Servicer Termination Event, as the case may be, and after the curing
or waiver of any Servicer Termination Event or Special Servicer Termination Event that may have occurred, undertakes with respect
to the Trust Fund to perform such duties and only such duties as are specifically set forth in this Agreement. Neither the Depositor
nor the Servicer nor the Special Servicer shall be obligated to monitor or supervise the performance by the Trustee or the Certificate
Administrator of its duties hereunder. In case a Servicer Termination Event or Special Servicer Termination Event has occurred
(which has not been cured or waived), the Trustee, subject to the provisions of Sections 7.2 and 7.4, shall exercise
such of the rights and powers vested in it by this Agreement, and shall use the same degree of care and skill in their exercise,
as a prudent institution would exercise or use under the circumstances in the conduct of such institution’s own affairs.
Any permissive right of the Trustee or the Certificate Administrator set forth in this Agreement shall not be construed as a duty.
The Trustee (or the Servicer or the Special Servicer on its behalf) and the Certificate Administrator (or the Servicer or the
Special Servicer on its behalf), as applicable, shall have the power to exercise all the rights of a holder of the Mortgage Loan
on behalf of the Certificateholders and the Companion Loan Holders (or, if a Companion Loan Holder is an Other Securitization
Trust, the related Other Depositor and any other party to any Other Pooling and Servicing Agreement), subject to the terms of
the Mortgage Loan Documents and the Co-Lender Agreement; provided, however, that the Lender’s obligations
under the Mortgage Loan Documents shall be exercised by the Servicer or Special Servicer, as the case may be, pursuant to this
Agreement.


 


(b)       Subject
to Sections 8.2(a) and 8.3, each of the Trustee and the Certificate Administrator, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee or the Certificate
Administrator that are specifically required to be furnished to it pursuant to any provision of this Agreement, shall examine,
or cause to be examined, such instruments to determine whether they conform to the requirements of this Agreement to the extent
specifically set forth herein. If any such instrument is found on its face not to conform to the requirements of this Agreement
in a material manner, the Trustee and the Certificate Administrator shall take such action as it deems appropriate to have the
instrument corrected, and if the instrument is not corrected to the Trustee’s or the Certificate Administrator’s reasonable
satisfaction, the Trustee or the Certificate Administrator, as applicable, may or may not act upon same.


 


(c)       Subject
to Section 8.3, no provision of this Agreement shall be construed to relieve the Trustee or the Certificate Administrator,
as applicable, from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, its
negligent failure to perform its obligations in compliance with this Agreement, or any liability which would be imposed by reason
of its negligence, willful misconduct or bad faith; provided, however, that:


 


(i)       No
implied covenants or obligations shall be read into this Agreement against the Trustee or the Certificate Administrator and each
of the Trustee and the Certificate Administrator may conclusively rely, as to the truth of the statements and the


 






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correctness
of the opinions expressed therein, upon any certificates, resolutions, certificates, statements, opinions, reports, documents,
orders, opinions or other instruments furnished to the Trustee and/or the Certificate Administrator and conforming to the requirements
of this Agreement, which it reasonably believes in good faith to be genuine and to have been duly executed by the proper authorities
respecting any matters arising hereunder;


 


(ii)       neither
the Trustee nor the Certificate Administrator shall be liable for an error of judgment made in good faith by a Responsible Officer
of the Trustee or the Certificate Administrator, as applicable, unless it shall be proved that the Trustee, the Certificate Administrator
or such Responsible Officer was negligent in ascertaining the pertinent facts;


 


(iii)       neither
the Trustee nor the Certificate Administrator shall be liable with respect to any action taken, suffered or omitted to be taken
by it in good faith in accordance with this Agreement or at the direction of Holders of Certificates evidencing, in the aggregate,
not less than 25% of the Voting Rights of the Certificates, relating to the time, method and place of conducting any proceeding
for any remedy available to the Trustee or the Certificate Administrator, or exercising any trust or power conferred upon the
Trustee or the Certificate Administrator, under this Agreement;


 


(iv)       neither
the Trustee nor the Certificate Administrator shall be charged with knowledge of any failure by the Servicer or the Special Servicer
to comply with any of their respective obligations referred to in Section 7.1 or any other act or circumstance upon the
occurrence of which the Trustee or the Certificate Administrator, as applicable, may be required to take action unless a Responsible
Officer of the Trustee or the Certificate Administrator, as applicable, obtains actual knowledge of such failure, act or circumstance
or the Trustee or the Certificate Administrator, as applicable, receives written notice of such failure from the Servicer, the
Special Servicer, the Depositor or Holders of the Certificates evidencing, in the aggregate, not less than 25% of the Voting Rights
of the Regular Certificates; and


 


(v)       neither
the Trustee nor the Certificate Administrator shall be under any obligation to appear in, prosecute or defend any legal action
which is not incidental to its respective duties under this Agreement and which in its opinion may involve it in any expense or
liability and for which it would not be indemnified for pursuant to this Agreement.


 


(d)       None
of the provisions contained in this Agreement shall in any event require the Trustee or the Certificate Administrator to (i) expend
or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties hereunder or in
the exercise of any of its rights or powers hereunder if there are reasonable grounds for believing that repayment of such funds
or adequate indemnity against such risk or liability is not reasonably assured to it, or (ii) perform, or be responsible for the
manner of performance of, any of the obligations of the Servicer or the Special Servicer under this Agreement, except, with respect
to the Trustee, during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers
and privileges of, the Servicer or the Special Servicer in






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accordance
with the terms of this Agreement. Notwithstanding anything contained herein, neither the Trustee nor the Certificate Administrator
shall be responsible and shall have liability in connection with the duties assumed by the Authenticating Agent, and the Certificate
Registrar hereunder, unless the Trustee or the Certificate Administrator is acting in any such capacity hereunder; provided further
that in any such capacity the Trustee and the Certificate Administrator shall have all of the rights, protections and indemnities
provided to it as Trustee and Certificate Administrator hereunder, as applicable.


 


8.2.       Certain
Matters Affecting the Trustee and the Certificate Administrator.  (a) Except as otherwise provided in Section 8.1:


 


(i)        each
of the Trustee and the Certificate Administrator may request and rely upon and shall be protected in acting or refraining from
acting upon any resolution, Officer’s Certificate, auditor’s certificate or any other certificate, statement, instrument,
opinion, report, notice, request, consent, order, approval, bond or other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or parties;


 


(ii)       each
of the Trustee and the Certificate Administrator may consult with counsel, and any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance
with such Opinion of Counsel;


 


(iii)      neither
the Trustee nor the Certificate Administrator shall be under any obligation to exercise any of the trusts or powers vested in
it by this Agreement or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or
direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholders shall
have offered to the Trustee or the Certificate Administrator security or indemnity reasonably satisfactory to it against the costs,
expenses and liabilities, including reasonable legal fees, which may be incurred therein or thereby; provided, however,
that nothing contained herein shall relieve the Trustee or the Certificate Administrator of the obligation, upon the occurrence
of a Servicer Termination Event or Special Servicer Termination Event, as the case may be, that a Responsible Officer of the Trustee
or the Certificate Administrator, as the case may be, has actual knowledge of (which has not been cured or waived), to exercise
such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as
a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs;


 


(iv)       neither
the Trustee nor the Certificate Administrator shall be liable for any action reasonably taken, suffered or omitted by it in good
faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;


 


(v)        prior
to the occurrence of a Servicer Termination Event or Special Servicer Termination Event hereunder and after the curing or waiver
of such Servicer Termination Event or Special Servicer Termination Event that may have occurred,


 






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neither the Trustee nor the Certificate
Administrator shall be bound to ascertain or inquire as to the performance or observance of any of the terms, conditions, covenants
or agreements herein (except as specifically required by this Agreement) or to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond
or other paper or document, unless requested in writing so to do by Holders of Certificates evidencing, in the aggregate, not
less than 25% of the Voting Rights of the outstanding Certificates; provided, however, that if the payment within
a reasonable time to the Trustee or the Certificate Administrator of the costs, expenses or liabilities likely to be incurred
by either party in the making of such investigation is, in the opinion of the Trustee or the Certificate Administrator, not reasonably
assured to the Trustee or the Certificate Administrator by the security afforded to it by the terms of this Agreement, the Trustee
or the Certificate Administrator, as applicable, may require indemnity reasonably satisfactory to it against such costs, expenses
or liabilities as a condition to taking any such action. The reasonable expense of every such investigation shall be paid by the
Trust pursuant to Section 3.4(c) in the event that such investigation relates to a Servicer Termination Event or Special
Servicer Termination Event, if such an event shall have occurred and is continuing, and otherwise by the Certificateholders requesting
the investigation;


 


(vi)       each
of the Trustee and the Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder
either directly or by or through agents or attorneys selected by it with due care, but the Certificate Administrator and the Trustee
shall not be relieved of any of its duties or obligations by virtue of the appointment of any agents or attorneys;


 


(vii)       each
of the Trustee and the Certificate Administrator shall not be liable for any loss on any investment of funds made by the Trustee
or the Certificate Administrator, as applicable, pursuant to the terms of this Agreement, provided, however, this
clause (vii) shall not relieve the Trustee or the Certificate Administrator (solely in their respective commercial capacities
and not in their respective capacities hereunder) of any liabilities with respect to investments issued by such entity, as applicable,
in their respective commercial capacities;


 


(viii)      neither
the Trustee nor the Certificate Administrator hereunder shall be personally liable hereunder solely by reason of any act or failure
to act of any predecessor or successor Trustee or Certificate Administrator hereunder;


 


(ix)        neither
the Trustee nor the Certificate Administrator shall be required to post any kind of bond or surety in connection with the execution
and performance of its duties hereunder;


 


(x)         in
no event shall the Trustee or the Certificate Administrator be liable for any failure or delay in the performance of its obligations
hereunder due to force majeure or acts of God;


 






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(xi)        other
than in the case of actual fraud (as determined by a non-appealable final court order), neither the Trustee nor the Certificate
Administrator shall be liable for special, punitive, indirect or consequential loss or damage of any kind whatsoever (including
but not limited to lost profits), even if the Trustee or the Certificate Administrator has been advised of the likelihood of such
loss or damage and regardless of the form of action;


 


(xii)        nothing
herein shall be construed as an obligation of the parties to this Agreement to advise the Certificateholders with respect to their
rights and protections relative to the Trust; and


 


(xiii)       nothing
herein shall require the Trustee or the Certificate Administrator to act in any manner that is contrary to applicable law.


 


Except
as otherwise specifically provided herein, each of the Trustee and the Certificate Administrator shall be entitled to all of the
same rights, protections, immunities and indemnities afforded to it as Trustee and Certificate Administrator, as the case may
be, in each capacity for which it serves hereunder (including, without limitation, as Custodian, Certificate Registrar, 17g-5
Information Provider, paying agent and Authenticating Agent).


 


(b)          Following
the Closing Date, neither the Trustee nor the Certificate Administrator shall accept any contribution of assets to the Trust Fund
not specifically contemplated by this Agreement.


 


(c)           All
rights or actions under this Agreement or under any of the Certificates, enforceable by the Trustee or the Certificate Administrator
may be enforced by such party without the possession of any of the Certificates, or the production thereof at the trial or other
proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee or the Certificate Administrator,
as applicable, shall be brought in its name for the benefit of all the Holders of such Certificates, subject to the provisions
of this Agreement.


 


(d)          In
order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including those relating to the funding of terrorist activities and money laundering (“Applicable Banking Law”),
the Certificate Administrator and the Trustee, as the case may be, are required to obtain, verify and record certain information
relating to individuals and entities that maintain a business relationship with the Certificate Administrator or the Trustee.
Accordingly, each of the parties hereto agrees to provide to the Certificate Administrator and the Trustee, upon its respective
request from time to time, such identifying information and documentation as may be available for such party in order to enable
the Certificate Administrator and the Trustee to comply with Applicable Banking Law.


 


8.3.       Neither
the Trustee nor the Certificate Administrator is Liable for Certificates or the Mortgage Loan. The recitals contained
herein and in the Certificates (other than the signature and authentication of the Certificate Administrator on the
Certificates) shall not be taken as the statements of the Trustee or the Certificate Administrator and the Trustee and the
Certificate Administrator assume no responsibility for their correctness. The Trustee and the Certificate Administrator make
no representation as to the validity or sufficiency of this






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Agreement
(other than its execution of this Agreement), the Certificates, the Trust Loan, the Companion Loans or of the Mortgage Loan or
related documents except as expressly set forth herein. The Trustee and the Certificate Administrator shall not be liable for
any action or failure of any action by the Depositor, the Servicer or the Special Servicer hereunder. The Trustee and the Certificate
Administrator shall not at any time have any responsibility or liability for or with respect to the legality, validity or enforceability
of any of the Mortgages or the Mortgage Loan, or the perfection and priority of any of the Mortgages or the maintenance of any
such perfection and priority, or for or with respect to the efficacy of the Trust Fund or its ability to generate the payments
to be distributed to Certificateholders under this Agreement, including, without limitation, the existence, condition and ownership
of any Property; the existence and enforceability of any hazard insurance thereon; the validity of the assignment of the Trust
Loan to the Trust; the performance or enforcement of the Trust Loan (other than with respect to the Servicer or Special Servicer,
if the Trustee shall assume the duties of the Servicer and/or Special Servicer, respectively, pursuant to Section 7.2 and
then only to the extent of the obligations of the Servicer or Special Servicer, as applicable, hereunder); the compliance by the
Depositor, the Loan Parties, the Servicer and the Special Servicer with any warranty or representation made under this Agreement
or in any related document or the accuracy of any such warranty or representation made under this Agreement or in any related
document prior to the Trustee’s receipt of notice or other discovery of any noncompliance therewith or any breach thereof;
any investment of monies by or at the direction of the Servicer or the Special Servicer or any loss resulting therefrom (other
than investments made with the Trustee or the Certificate Administrator in its commercial capacity); the failure of the Servicer,
the Special Servicer or any sub-servicer to act or perform any duties required of it hereunder; or any action by the Trustee or
the Certificate Administrator taken at the direction of the Servicer or the Special Servicer (other than with respect to the Trustee,
if the Trustee shall assume the duties of the Servicer or the Special Servicer); provided, however, that the foregoing
shall not relieve the Trustee or the Certificate Administrator, as applicable, of its obligation to perform its duties under this
Agreement. Except with respect to a claim based on either the Trustee’s or the Certificate Administrator’s negligent
action, negligent failure to act or willful misconduct (or such other standard of care as may be provided herein with respect
to any particular matter), no recourse shall be had for any claim based on any provisions of this Agreement, the Certificates,
the Mortgages, the Properties or the Trust Loan or assignment thereof against the Trustee or the Certificate Administrator, as
applicable, in its respective individual capacity, and neither the Trustee nor the Certificate Administrator shall have any personal
obligation, liability or duty whatsoever to any Certificateholder or any other Person with respect to any such claim, and any
such claim shall be asserted solely against the Trust Fund or any indemnitor who shall furnish indemnity as provided in this Agreement.
Neither the Trustee nor the Certificate Administrator shall have any responsibility for filing any financing or continuation statements
in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to
it hereunder or to record this Agreement (unless, with respect to the Trustee, the Trustee shall have become the successor Servicer
or Special Servicer). Neither the Trustee nor the Certificate Administrator shall be accountable for the use or application by
the Depositor of any of the Certificates or of the proceeds of such Certificates or for the use or application of any funds paid
to the Servicer or the Special Servicer, as applicable, in respect of the Mortgage Loan deposited into or withdrawn from the Collection
Account or any account maintained by or on behalf of the Servicer or the Special Servicer (except to the extent that any such
account is held


 






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by the Trustee or the Certificate Administrator in its commercial capacity), or for investment of such amounts
(other than, and to the extent of, investments made with the Trustee or the Certificate Administrator in its commercial capacity).


 


Neither
the Trustee nor the Certificate Administrator, by reason of the action or inaction of a Responsible Officer or officers of the
Trustee or the Certificate Administrator, as applicable, nor any of their directors, officers, members, managers, partners, employees,
Affiliates or agents shall have any liability to the Trust, the Certificateholders or the Companion Loan Holders for any action
taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided,
however, that this provision shall not protect the Trustee, the Certificate Administrator (including in its capacities
as Certificate Registrar, Authenticating Agent, Custodian, paying agent and 17g-5 Information Provider) or any such Person against
any liability which would otherwise be imposed by reason of willful misconduct, bad faith or negligence of the Trustee, the Certificate
Administrator or any such Person, as applicable or by reason of negligent disregard of the Trustee, the Certificate Administrator
(including in its capacities as Certificate Registrar, Authenticating Agent, Custodian, paying agent and 17g-5 Information Provider)
or any such Person, as applicable, of its obligations and duties hereunder. The Trustee, the Certificate Administrator in each
of its capacities under this Agreement and any of their respective directors, officers, members, managers, partners, employees,
agents, Affiliates or Controlling Persons shall be indemnified by the Trust pursuant to Section 3.4(c) out of amounts on
deposit in the Collection Account, and held harmless against any loss, liability, claim, demand or expense (including reasonable
legal fees, costs of enforcing its indemnity and expenses) incurred in connection with any legal action or other claims, losses,
penalties, fines, foreclosures, judgments or liabilities relating to or related to the Trustee’s or the Certificate Administrator’s
performance of their respective powers and duties under this Agreement (including, without limitation, performance under Section
8.1 hereof); provided, however, that this provision shall not protect the Trustee, the Certificate Administrator
or any such Person against any liability which would otherwise be imposed by reason of willful misconduct, bad faith or negligence
of the Trustee, the Certificate Administrator or any such Person or by reason of negligent disregard of the Trustee, the Certificate
Administrator or any such Person, as applicable, of its obligations and duties hereunder. The indemnification provided hereunder
shall survive the resignation or removal of the Trustee or the Certificate Administrator and the termination of this Agreement.
Notwithstanding anything herein to the contrary, the Trustee shall be responsible for its acts or failure to act as the Servicer
and/or the Special Servicer (in accordance with Accepted Servicing Practices) during the time and to the extent the Trustee is
serving as Servicer to the same extent that the Servicer or Special Servicer would be liable for the Servicer’s or Special
Servicer’s, as applicable, acts or failure to act under the terms of this Agreement.


 


8.4.       Trustee
and Certificate Administrator May Own Certificates. The Trustee and the Certificate Administrator in their individual or
any other capacity may become the owner or pledgee of Certificates with the same rights, powers, and privileges as it would
have if they were not the Trustee or the Certificate Administrator.


 


8.5.       Trustee’s
and Certificate Administrator’s Fees and Expenses.  (a) The Trustee
and the Certificate Administrator shall be entitled to the Certificate Administrator Fee (including that portion of the
Certificate Administrator Fee that represents the Trustee Fee, which


 






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is
payable to the Trustee), payable pursuant to Section 3.4(c). The Trustee Fee shall be $250 per month, payable by the Certificate
Administrator from the Certificate Administrator Fee. The Certificate Administrator Fee (which shall not be limited to any provision
of law in regard to the compensation of a trustee of an express trust) shall constitute the Certificate Administrator’s
and the Trustee’s sole form of compensation (unless otherwise set forth herein) for all services rendered by each entity
in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Certificate
Administrator and the Trustee hereunder. No Certificate Administrator Fee shall be payable with respect to any Companion Loan.
The Trustee and the Certificate Administrator shall be entitled to be reimbursed for all reasonable expenses, disbursements and
advances incurred or made by the Trustee or the Certificate Administrator, as applicable, in accordance with any of the provisions
of this Agreement (including the reasonable fees and expenses of its counsel and of all Persons not regularly in its employ),
provided such cost would qualify as an “unanticipated expense incurred by the REMIC” within the meaning of
the REMIC Provisions, except any such expense, disbursement or advance as may arise from its negligence, willful misconduct or
bad faith or which is expressly the responsibility of a Certificateholder or Certificateholders hereunder, all of which reimbursements
to be paid from amounts on deposit in the Collection Account pursuant to Section 3.4(c); provided, however,
that neither the Trustee nor the Certificate Administrator shall refuse to perform any of their obligations hereunder solely as
a result of the failure to be paid any fees and expenses so long as payment of such fees and expenses are reasonably assured to
it. The Trustee and the Certificate Administrator shall provide the Servicer with an invoice, on or prior to each Payment Date,
setting forth the actual expenses incurred in connection with the performance of its duties hereunder for which it seeks payment
or reimbursement. Notwithstanding any other provision of this Agreement, neither the Trustee nor the Certificate Administrator
shall be entitled to reimbursement from the Trust for an expense incurred under this Agreement in connection with the performance
of its ordinary and regularly recurring duties hereunder unless such reimbursement is expressly provided for herein or otherwise
permitted hereunder.


 


(b)       Each
of the Depositor, the Servicer and the Special Servicer (each, for purposes of this Section 8.5(b) only, an “Indemnifying
Party”) shall (severally and not jointly) indemnify the Trustee (both in its capacity as Trustee and individually) and
the Certificate Administrator (in each of its capacities as Certificate Administrator, Custodian, Certificate Registrar, Authenticating
Agent, paying agent and 17g-5 Information Provider) and each of their Affiliates and each of the directors, officers, employees
and agents of the Trustee and the Certificate Administrator and each of their Affiliates (each, for purposes of this Section
8.5(b) only, an “Indemnified Party”), and hold each of them harmless against any and all claims, losses,
damages, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, fees and expenses
that the Indemnified Party may sustain in connection with this Agreement (including, without limitation, costs, reasonable fees
and disbursements of counsel incurred by the Indemnified Party in any action or proceeding (including any enforcement action)
between the Indemnifying Party and the Indemnified Party or between the Indemnified Party and any third party or otherwise) resulting
from each such Indemnifying Party’s respective willful misconduct, bad faith, fraud or negligence in the performance of
each of its respective duties hereunder or by reason of negligent disregard of its respective obligations and duties hereunder
(including in the case of the Servicer, any agent of the Servicer or sub-servicer).


 






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(c)       Each
of the Certificate Administrator (including in its capacities as Custodian, Certificate Registrar, Authenticating Agent, paying
agent and 17g-5 Information Provider) and the Trustee (in each case with respect to itself only, for purposes of this Section
8.5(c) only, an “Indemnifying Party”) shall (severally and not jointly) indemnify the Depositor, the Servicer
and the Special Servicer and their respective Affiliates and each of the directors, officers, employees and agents of the Servicer
and the Special Servicer and their respective Affiliates (each, for purposes of this Section 8.5(c) only, an “Indemnified
Party”), and hold each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures,
reasonable legal fees and related costs, judgments, and any other costs, fees and expenses that the Indemnified Party may sustain
in connection with this Agreement (including, without limitation reasonable fees and disbursements of counsel incurred by the
Indemnified Party in any action or proceeding (including any enforcement action) between the Indemnifying Party and the Indemnified
Party or between the Indemnified Party and any third party or otherwise) resulting from the applicable Indemnifying Party’s
willful misconduct, bad faith, fraud or negligence in the performance of its duties hereunder or by reason of negligent disregard
of its obligations and duties hereunder.


 


8.6.       Eligibility
Requirements for the Trustee and the Certificate Administrator; Errors and Omissions Insurance. (a) Each of the Trustee
and the Certificate Administrator hereunder shall at all times be a corporation, association or trust company organized and
doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate
trust powers and to accept the trust conferred under this Agreement, which has, a combined capital and surplus of at least
$50,000,000 and a rating on its unsecured long term debt of at least (x) “AA-” by S&P (or “A-” by
S&P, if the Trustee’s or the Certificate Administrator’s, as applicable, unsecured short term debt is rated
at least “A-1” by S&P, provided, however, that the Trustee may maintain a long term rating of
at least “BBB+” by S&P and a short term rating of at least “A-2” by S&P if the Servicer
maintains a long term rating of “A” by S&P) and (y) “A” by DBRS (provided that the Trustee
may maintain a long-term unsecured debt rating of “A (low)” by DBRS if the Servicer maintains a rating of
“A” by DBRS), provided that if the Trustee or the Certificate Administrator, as applicable, is not rated
by DBRS, an equivalent (or higher) rating by any two other NRSROs or, in each case, as is otherwise acceptable to each Rating
Agency as evidenced by the receipt of a Rating Agency Confirmation, and is subject to supervision or examination by federal
or state authority and shall not be an Affiliate of the Servicer or the Special Servicer (except during any period when the
Trustee has assumed the duties of the Servicer and/or Special Servicer pursuant to Section 7.2). If a corporation,
association or trust company publishes reports of condition at least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for purposes of this Section 8.6 the combined capital and surplus
of such entity shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so
published. In the event that the place of business from which the Trustee or the Certificate Administrator, as applicable,
administers the Trust Fund is a state or local jurisdiction that imposes a tax on the Trust, the Trustee or the Certificate
Administrator, as applicable, shall elect either to (i) resign immediately in the manner and with the effect specified in Section
8.7, (ii) pay such tax from its own funds and continue as Trustee or Certificate Administrator, as applicable, or (iii)
administer the Trust Fund from a state and local jurisdiction that does not impose such a tax. In case at any time
the Trustee or the Certificate Administrator shall cease to be eligible in


 






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accordance
with the provisions of this Section 8.6, the Trustee or the Certificate Administrator, as applicable, shall resign immediately
in the manner and with the effect specified in Section 8.7.


 


(b)       The
Certificate Administrator shall obtain and maintain at its own expense, and keep in full force and effect throughout the term
of this Agreement, a blanket fidelity bond and an errors and omissions insurance policy covering the Certificate Administrator’s
directors, officers and employees in connection with its activities under this Agreement; provided that if the Certificate
Administrator is not rated at least “A” by S&P and “A” or its equivalent by DBRS (or, if not rated
by DBRS, then the equivalent rating by two other NRSROs), such applicable error and omissions insurance policy must be rated at
least “A” by S&P and “A(low)” by DBRS (or, if not rated by DBRS, then the equivalent rating by two
other NRSROs). Such insurance policy shall protect the Certificate Administrator against losses, forgery, theft, embezzlement,
fraud, errors and omissions of such covered Persons. The amount of coverage shall be at least equal to the coverage that is required
by applicable governmental authorities having regulatory power over the Certificate Administrator. In the event that any such
bond or policy ceases to be in effect, the Certificate Administrator shall obtain a comparable replacement bond or policy. In
lieu of the foregoing, the Certificate Administrator shall be entitled to self-insure with respect to such risks so long as the
Certificate Administrator is rated at least “A” by S&P and “A” or its equivalent by DBRS (or, if not
rated by DBRS, then the equivalent rating by two other NRSROs).


 


(c)       The
Trustee shall obtain and maintain at its own expense, and keep in full force and effect throughout the term of this Agreement,
a blanket fidelity bond and an errors and omissions insurance policy covering the Trustee’s directors, officers and employees
in connection with its activities under this Agreement; provided that if the Trustee is not rated at least “A”
by S&P and “A(low)” or its equivalent by DBRS (if then rated by DBRS), such applicable error and omissions insurance
policy must be rated at least “A” by S&P and “A(low)” by DBRS. Such insurance policy shall protect
the Trustee against losses, forgery, theft, embezzlement, fraud, errors and omissions of such covered Persons. The amount of coverage
shall be at least equal to the coverage that is required by applicable governmental authorities having regulatory power over the
Trustee. In the event that any such bond or policy ceases to be in effect, the Trustee shall obtain a comparable replacement bond
or policy. In lieu of the foregoing, the Trustee shall be entitled to self-insure with respect to such risks so long as the Trustee
is rated at least “A” by S&P and “A(low)” or its equivalent by DBRS (if then rated by DBRS).


 


8.7.       Resignation
and Removal of the Trustee or the Certificate Administrator. Each of the Trustee and the Certificate Administrator may at
any time resign and be discharged from the trusts hereby created by (i) giving written notice of resignation to the
Depositor, the Initial Purchasers, the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator,
the Certificate Registrar (if other than the Certificate Administrator), the Companion Loan Holders, the Trustee and the
17g-5 Information Provider, who shall post such notice on the 17g-5 Information Provider’s Website pursuant to Section
8.14(b) and after such posting by the 17g-5 Information Provider, to the Rating Agencies, and by mailing notice of
resignation by first Class mail, postage prepaid, to the Certificateholders at their addresses appearing on the Certificate
Register, not less than sixty (60) days before the date specified in such notice when, subject to Section 8.8, such
resignation is to take effect, and (ii) acceptance by


 






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a
successor Trustee or Certificate Administrator, as applicable, appointed by the Depositor in accordance with Section 8.8 meeting
the qualifications set forth in Section 8.6. Upon such notice of resignation, the Depositor shall promptly appoint a successor
Trustee or Certificate Administrator, as applicable, and a Rating Agency Confirmation is provided with respect to such appointment,
which Rating Agency Confirmation shall be delivered to the resigning Trustee or Certificate Administrator, and the successor Trustee
or Certificate Administrator, as applicable. If no successor Trustee or Certificate Administrator shall have been so appointed
and shall have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Trustee
or Certificate Administrator, as applicable, may petition any court of competent jurisdiction for appointment of a successor Trustee
or Certificate Administrator, as applicable.


 


Upon
the resignation, assignment, merger, consolidation, or transfer of the Trustee or the Certificate Administrator or its respective
business to a successor, or upon the termination of the Trustee or the Certificate Administrator, (a) the outgoing Trustee or
Certificate Administrator shall cooperate with any successor, as requested (i) to endorse the original executed Notes for the
Trust Loan (to the extent that the original executed Notes for the Trust Loan were endorsed to the outgoing Trustee or Certificate
Administrator or), without recourse, representation or warranty, express or implied, to the order of the successor, as trustee
for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
Certificates, Series 2018-WPT or in blank, and (ii) in the case of the other assignable Mortgage Loan Documents (to the extent
such other Mortgage Loan Documents were assigned to the outgoing Trustee or Certificate Administrator), to assign such Mortgage
Loan Documents to such successor, and such successor shall review the documents delivered to it with respect to the Trust Loan,
and certify in writing that, as to the Trust Loan then subject to this Agreement, such endorsement and assignment has been made,
and record such assignment documents (if applicable); (b) if any original executed Note for the Trust Loan was not endorsed to
the outgoing Trustee, the Certificate Administrator (in its capacity as Custodian) shall, upon its receipt of a request for release
in the form of Exhibit B hereto, deliver such Note to the Depositor or the successor Trustee, as requested, and the Servicer
and the Depositor shall cooperate with any successor Trustee to ensure that such Note is endorsed (without recourse, representation
or warranty, express or implied) to the order of the successor, as trustee for the registered Holders of J.P. Morgan Chase Commercial
Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT or in blank; (c) if any other
assignable Mortgage Loan Document was not assigned to the outgoing Trustee, the Certificate Administrator shall, upon its receipt
of a request for release, deliver such Mortgage Loan Document to the Depositor or the successor Trustee, as requested, and the
Servicer and the Depositor shall cooperate with any successor Trustee to ensure that such Mortgage Loan Document is assigned to
such successor Trustee; and (d) in any case, such successor Trustee shall review the documents delivered to it or to the Certificate
Administrator with respect to the Trust Loan, and certify in writing that, as to the Trust Loan then subject to this Agreement,
such endorsements and assignments have been made, and record such assignment documents (if applicable) or, in the event such endorsement
or assignment cannot be made for any reason, to note the same in such certification. The resigning or terminated Trustee or Certificate
Administrator, as the case may be, shall reimburse the Trust for any expenses of such endorsement, assignment and recording.


 






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If
at any time any of the following occur: (x) the Trustee or the Certificate Administrator shall cease to be eligible in accordance
with the provisions of Section 8.6 and shall fail to resign after written request for the Trustee’s or the Certificate
Administrator’s resignation by the Depositor, the Servicer or the Special Servicer, as applicable; (y) the Trustee or the
Certificate Administrator shall materially default in the performance of its obligations under this Agreement; or (z) if at any
time the Trustee or the Certificate Administrator shall become incapable of action, or shall be adjudged a bankrupt or insolvent,
or a receiver of the Trustee or the Certificate Administrator or of either of their property shall be appointed, or any public
officer shall take charge or control of the Trustee or Certificate Administrator or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation then, in any such case, (1) the Depositor may remove the Trustee or the Certificate
Administrator, as applicable, and appoint a successor Trustee or Certificate Administrator, as applicable, by written instrument,
in duplicate, executed by an authorized officer of the Depositor, one copy of which instrument shall be delivered to the Trustee
or the Certificate Administrator, as applicable, so removed and one copy to the successor Trustee or Certificate Administrator,
as applicable, or (2) any Certificateholder who has been a bona fide Certificateholder for at least six (6) months may, on behalf
of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee or the
Certificate Administrator and the appointment of a successor Trustee or Certificate Administrator, as applicable. Such court may
thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee or Certificate Administrator, as
applicable, which removal and appointment shall become effective upon acceptance of appointment by the successor Trustee or Certificate
Administrator, as applicable, as provided in Section 8.8. The successor Trustee or Certificate Administrator, as applicable,
so appointed by such court shall immediately and without further act be superseded by any successor Trustee or Certificate Administrator,
as applicable, appointed by the Certificateholders as provided below within one (1) year from the date of appointment by such
court. Holders of Certificates evidencing, in the aggregate, not less than a majority of the Voting Rights of the outstanding
Certificates, may at any time upon 30 days’ notice to the Trustee or Certificate Administrator remove the Trustee or the
Certificate Administrator and appoint a successor Trustee or Certificate Administrator, as applicable, by written instrument or
instruments, in triplicate, signed by such Holders or their attorney-in-fact duly authorized, one complete set of which instrument
or instruments shall be delivered to the Depositor (with a copy to the Servicer and Special Servicer), one complete set to the
Trustee or the Certificate Administrator, as applicable, so removed and one complete set to the successor(s) so appointed. Notice
of any removal of the Trustee or the Certificate Administrator and acceptance of appointment by the successor Trustee or Certificate
Administrator shall be given to the Companion Loan Holders, the Rating Agencies (through the successor 17g-5 Information Provider’s
website, as applicable) and the Initial Purchasers by the successor Trustee or Certificate Administrator, as applicable. No removal
of the Trustee or the Certificate Administrator shall be effective until all reasonable fees, costs, expenses and Advances (including
interest thereon) have been paid to the Trustee or Certificate Administrator, as applicable, in full.


 


Any
resignation or removal of the Trustee or Certificate Administrator shall not become effective until acceptance of the appointment
by the successor Trustee or Certificate Administrator, as applicable, as provided in Section 8.8.


 






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If
the Certificate Administrator is terminated pursuant to this Section 8.7, all of its rights and obligations under this
Agreement and in and to the Trust Loan shall be terminated, other than any rights or obligations that accrued prior to the date
of such termination or removal (including the right to receive all fees, indemnities, expenses and other amounts accrued or owing
to it under this Agreement with respect to periods prior to the date of such termination or removal).


 


In
the event of any resignation or removal of the Trustee or the Certificate Administrator (in any of its capacities) under this
Agreement (other than a resignation of the Trustee that is required solely due to a change in law or a conflict of interest arising
after the Closing Date that is not waived by all of the parties in conflict or is unwaivable), such resignation or removal shall
be effective with respect to each of such party’s other capacities hereunder (including, without limitation, such party’s
capacities as Trustee, Custodian, Certificate Administrator, Certificate Registrar and 17g-5 Information Provider, as the case
may be).


 


8.8.       Successor
Trustee or Successor Certificate Administrator. Any successor Trustee or Certificate Administrator appointed as provided
in Section 8.7 shall execute, acknowledge and deliver to the Depositor, the Servicer, the Special Servicer and to its
predecessor Trustee or Certificate Administrator an instrument (i) accepting such appointment hereunder and (ii) making the
representations and warranties of the Trustee or the Certificate Administrator, as applicable, as provided in Section
2.3 and Section 2.4, respectively, and thereupon the resignation or removal of the predecessor Trustee or
Certificate Administrator shall become effective and such successor Trustee or Certificate Administrator, as applicable,
without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of
its predecessor hereunder, with the like effect as if originally named as trustee or certificate administrator herein. The
predecessor Certificate Administrator shall deliver or cause to be delivered to the successor Certificate Administrator, as
applicable, the Mortgage File and related documents and statements held by it hereunder, and the Depositor, the Servicer, the
Special Servicer and the predecessor Trustee or Certificate Administrator shall execute and deliver such instruments and do
such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor Trustee
or Certificate Administrator all such rights, powers, duties and obligations.


 


No
successor Trustee or Certificate Administrator shall accept appointment as provided in this Section 8.8 unless at the time
of such acceptance such successor Trustee or Certificate Administrator shall be eligible under the provisions of Section 8.6
and a Rating Agency Confirmation is received with respect to its appointment (prior to the resignation or termination of the
Trustee or Certificate Administrator).


 


Upon
acceptance of appointment by a successor Trustee or Certificate Administrator as provided in this Section 8.8, the successor
Trustee or Certificate Administrator shall mail notice of the succession of such Trustee or Certificate Administrator hereunder
to all Holders of Certificates at their addresses as shown in the Certificate Register, the Depositor, the Servicer, the Special
Servicer, the Loan Parties and the Initial Purchasers and the Companion Loan Holders.


 






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8.9.       Merger
or Consolidation of the Trustee or the Certificate Administrator. Any Person into which the Trustee or the Certificate
Administrator may be merged or converted or with which either may be consolidated or any Person resulting from any merger,
conversion or consolidation to which the Trustee or the Certificate Administrator shall be a party, or any Person succeeding
to all or substantially all of the corporate trust business of the Trustee or the Certificate Administrator shall be the
successor of the Trustee or the Certificate Administrator, as applicable, hereunder, provided that (i) such Person
shall be eligible under the provisions of Section 8.6, without the execution or filing of any paper or further act on
the part of any of the parties hereto, anything herein to the contrary notwithstanding and (ii) Rating Agency Confirmation
shall have been delivered to such Person.


 


8.10.       Appointment
of Co-Trustee or Separate Trustee. (a) At any time or times, for the purpose of meeting any legal requirements of any
jurisdiction in which any part of a Property may at the time be located or in which any action of the Trustee may be required
to be performed or taken, the Trustee, the Depositor or the Holders of Certificates evidencing, in the aggregate, a majority
of the Voting Rights of the outstanding Certificates, by an instrument in writing signed by it or them, may appoint one or
more individuals or corporations to act as separate trustee or separate trustees or co-trustees, acting jointly with the
Trustee, of all or any part of such Property, to the full extent that local law makes it necessary for such separate trustee
or separate trustees or co-trustee acting jointly with the Trustee to act. The fees and expenses of any separate trustee or
co-trustee shall be paid by the Trust Fund pursuant to Section 3.4(c).


 


(b)       The
Trustee shall execute, acknowledge and deliver all such instruments as may be required by the legal requirements of any jurisdiction
or by any such separate trustee or separate trustees or co-trustee for the purpose of more fully conferring such title, rights
or duties to such separate trustee or separate trustees or co-trustee, it, he, she or they shall be vested with such title to
a Property or any part thereof, and with such rights, powers, duties and obligations as shall be specified in the instrument of
appointment, and such rights, powers, duties and obligations shall be conferred or imposed upon and exercised or performed by
the Trustee, or the Trustee and such separate trustee or separate trustees or co-trustees jointly with the Trustee subject to
all the terms of this Agreement, except to the extent that under any law of any jurisdiction in which any particular act or acts
are to be performed shall be exercised and performed by such separate trustee or separate trustees or co-trustee, as the case
may be. Any separate trustee or separate trustees or co-trustee may, at any time by an instrument in writing, constitute the Trustee,
its attorney-in-fact and agent with full power and authority to do all acts and things and to exercise all discretion on its behalf
and in its, her or his name. In the event that any such separate trustee or co-trustee shall die, become incapable of acting,
resign or be removed, the title to any applicable Property and all assets, property, rights, powers, duties and obligations of
such separate trustee or co-trustee shall, so far as permitted by law, vest in and be exercised by the Trustee, without the appointment
of a successor to such separate trustee or co-trustee unless and until a successor is appointed.


 


(c)       All
provisions of this Agreement which are for the benefit of the Trustee and Certificate Administrator shall extend to and apply
to each separate trustee or co-trustee appointed pursuant to the foregoing provisions of this Section 8.10, and to the
Trustee and Certificate Administrator in each capacity that it may assume hereunder, including, without


 






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limitation,
its capacity as Certificate Administrator, Certificate Registrar, Authenticating Agent, Custodian, paying agent and 17g-5 Information
Provider, as applicable.


 


(d)       Every
co-trustee and separate trustee hereunder shall, to the extent permitted by law, be appointed and act and the Trustee shall act,
subject to the following provisions and conditions: (i) all powers, duties, obligations and rights conferred upon the Trustee
in respect of the receipt, custody, investment and payment of monies shall be exercised solely by the Trustee; (ii) all other
rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed and exercised or performed
by the Trustee and such co-trustee or trustees and separate trustee or trustees jointly except to the extent that under any law
of any jurisdiction in which any particular act or acts are to be performed, the Trustee shall be incompetent or unqualified to
perform such act or acts, in which event such rights, powers, duties and obligations shall be exercised and performed by such
co-trustee or trustees; (iii) no power hereby given to, or exercisable by, any such co-trustee or separate trustee shall be exercised
hereunder by such co-trustee or separate trustees except jointly with, or with the consent of, the Trustee; and (iv) no trustee
hereunder shall be personally liable by reason of any act or omission of any other trustees hereunder.


 


If,
at any time, the Trustee shall deem it no longer necessary or prudent in order to conform to any such law, the Trustee shall execute
and deliver all instruments and agreements necessary or proper to remove any co-trustee or separate trustee. Notwithstanding the
foregoing, the appointment of a co-trustee or separate trustee by the Trustee shall not relieve the Trustee of its obligations,
duties, or responsibilities in any way or to any degree.


 


(e)       Any
request, approval or consent in writing by the Trustee to any co-trustee or separate trustee shall be sufficient warrant to such
co-trustee or separate trustee, as the case may be, to take such action as may be so required, approved or consented to.


 


(f)       Notwithstanding
any other provision of this Section 8.10, the powers of any co-trustee or separate trustee shall not exceed those of the
Trustee hereunder, and such co-trustee or separate trustee must meet the eligibility requirements set forth in Section 8.6.


 


8.11.       Appointment
of Authenticating Agent and Custodian. (a) The Certificate Administrator may appoint an agent or agents which shall be
authorized to act on behalf of the Certificate Administrator to authenticate Certificates (each such agent, an
“Authenticating Agent”), and Certificates so authenticated shall be entitled to the benefits of this
Agreement and shall be valid and obligatory for all purposes as if authenticated by the Certificate Administrator hereunder.
Wherever a reference is made in this Agreement to the authentication and delivery of Certificates by the Certificate
Administrator or the Certificate Administrator’s certificate of authentication, such reference shall be deemed to
include authentication and delivery on behalf of the Certificate Administrator by an Authenticating Agent and a certificate
of authentication executed on behalf of the Certificate Administrator by an Authenticating Agent. Each Authenticating Agent
shall, at all times, be a corporation or association organized and doing business under the laws of the United States of
America, any State thereof or the District of Columbia, authorized under such law to act as Authenticating Agent, having a
combined capital and surplus of not less than $15,000,000, authorized under such laws to do trust business and subject to
supervision or examination by federal or state authorities. If such Authenticating


 






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Agent
publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority,
then for the purposes of this Section 8.11 the combined capital and surplus of such Authenticating Agent shall be deemed
to be its combined capital and surplus as set forth in its most recent report of condition so published. If, at any time, an Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section 8.11, such Authenticating Agent shall
resign immediately in the manner and with the effect specified in this Section 8.11. The initial Authenticating Agent shall
be the Certificate Administrator.


 


(b)       Any
Person into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person resulting
from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Person succeeding to
the corporate agency business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such Person
shall be otherwise eligible under this Section 8.11, without the execution or filing of any paper or any further act on
the part of the Trustee or the Authenticating Agent.


 


(c)       An
Authenticating Agent may resign at any time by giving at least thirty (30) days’ advance written notice thereof to the Certificate
Administrator, the Servicer or Special Servicer, as applicable, and the Depositor. The Certificate Administrator may at any time
terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent, the Servicer or
the Special Servicer, as applicable, and the Depositor. Upon receiving such a notice of resignation or upon such a termination,
or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section
8.11, the Certificate Administrator may appoint a successor Authenticating Agent and shall mail written notice of such appointment
by first class mail, postage prepaid to all Certificateholders as their names and addresses appear in the Certificate Register.
Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent herein. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section 8.11.


 


(d)       The
Certificate Administrator is hereby appointed as the initial Custodian. Any successor Certificate Administrator appointed pursuant
to Section 8.7 and Section 8.8 shall be deemed to be appointed as the successor Custodian upon the effectiveness
of its appointment as the successor Certificate Administrator.


 


8.12.       Indemnification
by the Trustee and the Certificate Administrator. The Trustee and the Certificate Administrator, as applicable, severally
and not jointly, shall indemnify and hold harmless the Trust from and against any claims, losses, damages, penalties, fines,
forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Trust that
arise out of or are based upon (i) a breach by the Trustee or the Certificate Administrator (including in its capacity as the
17g-5 Information Provider), as applicable, of its representations and warranties, as applicable, under this Agreement or
(ii) negligence, bad faith or willful misconduct on the part of the Trustee or the Certificate Administrator (including in
its capacities as Custodian, Certificate Registrar, Authenticating






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Agent,
paying agent and 17g-5 Information Provider), as applicable, in the performance of such obligations or its negligent disregard
of its obligations and duties under this Agreement.


 


The
Certificate Administrator shall indemnify and hold harmless the Depositor from and against any claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Depositor
or its Affiliates that arise out of or are based upon (i) a breach by the Certificate Administrator, in its capacity as 17g-5
Information Provider, of its obligations under this Agreement or (ii) negligence, bad faith or willful misconduct on the part
of the Certificate Administrator, in its capacity as 17g-5 Information Provider, in the performance of such obligations or its
negligent disregard of its obligations and duties under this Agreement.


 


8.13.       Certificate
Administrator and Servicer Not Responsible for Inconsistent Payment Information.  In connection with any Distribution
Date and a voluntary prepayment or the payment at maturity by the Borrower of the Mortgage Loan or any portion thereof, the Certificate
Administrator shall report the amount of such prepayment or payment to the Depository based on information received from the Servicer
or the Special Servicer in reliance on notices received from the Borrower. In the event of any inconsistencies in payments or
prepayments made by the Borrower with the previously delivered notices by the Borrower, all costs and expenses incurred as a result
of a failure by the Borrower to make any such payments or prepayment, shall be paid by the Borrower in accordance with the Mortgage
Loan Agreement provided that the amount of payment reported to the Depository by the Certificate Administrator was consistent
with the information received from the Servicer or the Special Servicer. If the Borrower fails to do so, such costs and expenses
shall be reimbursed to the Certificate Administrator and to the Servicer or the Special Servicer, as applicable, by the Trust
pursuant to Section 3.4(c) from funds on deposit in the Collection Account. Neither the Certificate Administrator, the
Servicer nor the Special Servicer shall be liable for any inability or delay of the Depository to make a distribution as a result
of such inconsistencies. Notwithstanding the foregoing, the Certificate Administrator shall notify the Depository on the Remittance
Date or as soon as reasonably possible of any such inconsistencies.


 


8.14.       Access
to Certain Information.


 


(a)       The
Certificate Administrator shall afford to any Privileged Person (which for this purpose excludes a Privileged Person who provides
the Certificate Administrator with an Investor Certification substantially in the form of Exhibit K-2 hereto) and to the
Office of the Comptroller of the Currency, the FDIC and any other banking or insurance regulatory authority that may exercise
authority over any Certificateholder, access to any documentation regarding the Trust Loan or the other assets of the Trust Fund
that are in its possession or within its control, including without limitation:


 


(i)       the
Mortgage Loan files, including any and all modifications, waivers and amendments to the terms of the Mortgage Loan entered into
or consented to by the Servicer or the Special Servicer and delivered to the Certificate Administrator;


 






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(ii)      the
annual, quarterly and monthly operating statements, if any, collected by or on behalf of the Servicer or the Special Servicer,
as applicable, and delivered to the Certificate Administrator for each Property, and


 


(iii)     all
notices and reports delivered to the Certificate Administrator with respect to any Property as to which environmental testing
revealed any failure of such Property to comply with any applicable law, including any environmental law, or which revealed an
environmental condition present at the Property requiring further investigation, testing, monitoring, containment, clean up, or
remediation.


 


Such
access shall be afforded without charge but only upon reasonable prior written request and during normal business hours at the
offices of the Certificate Administrator.


 


The
Certificate Administrator will provide copies of the items described in this Section 8.14(a) to the extent in its possession
to, and upon reasonable written request of the Certificateholders (other than a Certificateholder or Beneficial Owner that is
a Privileged Person who provides the Certificate Administrator with an Investor Certification in the form of Exhibit K-2
hereto). The Certificate Administrator may require payment for the reasonable costs and expenses of providing the copies and may
also require a confirmation executed by the requesting Person, in a form reasonably acceptable to the Certificate Administrator,
to the effect that the Person making the request is a Beneficial Owner or prospective purchaser of Certificates, is requesting
the information solely for use in evaluating its investment in the Certificates and will otherwise keep the information confidential.
Certificateholders, by the acceptance of their Certificates, will be deemed to have agreed to keep this information confidential.


 


(b)       The
Certificate Administrator shall make available to Privileged Persons (which for this purpose excludes a Privileged Person who
provided the Certificate Administrator with an Investor Certification in the form of Exhibit K-2 hereto), via the Certificate
Administrator’s Website, the following items (to the extent such items were prepared by or delivered to the Certificate
Administrator in electronic format to trustadminstrationgroup@wellsfargo.com):


 


(i)       The
following “deal documents”:


 


     (A)       the
Offering Circular and any other disclosure document relating to the Certificates, in the form most recently provided to the Certificate
Administrator by the Depositor or by any Person designated by the Depositor;


 


     (B)       this
Agreement, each sub-servicing agreement delivered to the Certificate Administrator since the Closing Date (if any), the Trust
Loan Purchase Agreement and any amendments and exhibits hereto or thereto; and


 


     (C)       the
CREFC® loan setup file prepared by the Servicer and delivered to the Certificate Administrator;


 






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(ii)       The
following “periodic reports”:


 


     (A)       all
Distribution Date Statements prepared by the Certificate Administrator pursuant to Section 4.4(b);


 


     (B)       all
CREFC® Reports (other than the CREFC® loan setup file and the CREFC® Special Servicer
Loan File) prepared by, or delivered to, the Certificate Administrator pursuant to Section 3.18(a), other than the CREFC®
Loan Setup File and the CREFC® Special Servicer Loan File; and


 


     (C)       the
periodic reports delivered by the Borrower to the Servicer pursuant to the Mortgage Loan Documents (solely to the extent same
is delivered by the Servicer to the Certificate Administrator);


 


(iii)       The
following “additional documents”:


 


    (A)       summaries
of Asset Status Reports delivered to the Certificate Administrator pursuant to Section 3.10;


 


    (B)       all
environmental and inspection reports delivered to the Certificate Administrator pursuant to Section 3.22;


 


    (C)       all
Appraisals delivered to the Certificate Administrator pursuant to Section 3.7(a);


 


    (D)       any
material amendment to a Ground Lease; and


 


    (E)       the
CREFC® Appraisal Reduction Template;


 


(iv)       The
following “special notices”:


 


    (A)       any
notice of final payment on the Certificates delivered to the Certificate Administrator pursuant to Section 4.1(d);


 


    (B)       any
notice of termination of the Servicer, the Special Servicer or the Operating Advisor delivered to the Certificate Administrator
pursuant to Section 7.1(c);


 


   (C)       any
notice of a Servicer Termination Event, Special Servicer Termination Event or Operating Advisor Termination Event delivered to
the Certificate Administrator pursuant to Section 7.1(b) or Section 3.26(j);


 


   (D)       any
request by the Certificateholders representing at least 25% of the Voting Rights of all the then-outstanding Principal Balance
Certificates to terminate the Special Servicer pursuant to Section 7.1(e) or the Operating Advisor pursuant to Section
3.26(j);


 






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   (E)       any
notice to Certificateholders of the Operating Advisor’s recommendation to replace the Special Servicer and the related report
prepared by the Operating Advisor in connection with such recommendation;


 


   (F)       any
notice of resignation of the Trustee, the Certificate Administrator or the Operating Advisor and any notice of the acceptance
of appointment by the successor Trustee or successor Certificate Administrator pursuant to Section 8.7 or the successor
Operating Advisor pursuant to Section 3.26;


 


  (G)       any
and all Officer’s Certificates and other evidence delivered to the Certificate Administrator to support the Trustee’s,
the Servicer’s or the Special Servicer’s, as the case may be, determination that any Advance was (or, if made, would
be) a Nonrecoverable Advance, pursuant to Section 3.23(f);


 


  (H)       any
Special Notice delivered to the Certificate Administrator pursuant to Section 5.6;


 


  (I)       any
amendment to this Agreement pursuant to Section 11.1(c);


 


  (J)       any
annual statements as to compliance and related Officer’s Certificates delivered to the Certificate Administrator under Section
13.7; and


 


  (K)       any
annual independent public accountants’ servicing reports delivered to the Certificate Administrator pursuant to Section
13.9;


 


  (L)       notice
of any request by the Holders of Certificates evidencing at least 25% of the Voting Rights of the Certificates (taking into account
the application of the Trust Appraisal Reduction Amount to notionally reduce the Certificate Balances of the Certificates) to
terminate and replace the Special Servicer; and


 


  (M)       any
notice that a Control Event, a Consultation Termination Event or an Operating Advisor Consultation Event has occurred or has ceased
to exist;


 


  (N)       any
notice or documents provided to the Certificate Administrator by the Depositor or the Servicer directing the Certificate Administrator
to post such notice or documents to the “Special Notices” tab; and


 


  (O)       any
notice from the Servicer of a conversion of the interest rate for the Mortgage Loan based on the LIBOR Rate Index and the Prime
Rate Index or the Alternate Rate Index, as applicable;


 


(v)       the
“Investor Q&A Forum” pursuant to Section 4.5(a); and


 


(vi)      solely
to Certificateholders and Beneficial Owner of Certificates, the “Investor Registry” pursuant to Section 4.5(b)
.


 






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(vii)      subject
to Section 3.31(b), the following “risk retention special notices” to the extent delivered by the Retaining
Sponsor, if any, shall be posted to the “Investor Notices” tab on the Certificate Administrator’s Website:


 


(A)       the
fair value of the Class HRR Certificates as of the Closing Date and the fair value of the “eligible horizontal residual
interest” (as such term is defined in the Credit Risk Retention Rules) that the Retaining Sponsor would have been required
to retain under the Credit Risk Retention Rules;


 


(B)       any
material differences between (a) the valuation methodology or any of the key inputs and assumptions that were used in calculating
the fair value or range of fair values disclosed in this Offering Circular under the heading “Credit Risk Retention”
prior to the pricing of the Certificates and (b) the valuation methodology or the key inputs and assumptions that were used in
calculating the fair values referred to in item (vii)(A) above; and


 


(C)       any
noncompliance of the applicable Credit Risk Retention Rules by the Third Party Purchaser or a successor third party purchaser
as and to the extent the Retaining Sponsor is required under the Credit Risk Retention Rules;


 


The
foregoing information shall be made available by the Certificate Administrator on the Certificate Administrator’s Website
promptly following receipt. The Certificate Administrator shall have no obligation or duty to verify, confirm or otherwise determine
whether the information being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not anything
other than what it purports to be. In the event that any such information is delivered or posted in error, the Certificate Administrator
may remove it from the Certificate Administrator’s Website. The Certificate Administrator has not obtained and shall not
be deemed to have obtained actual knowledge of any information posted to the Certificate Administrator’s Website to the
extent such information was not produced by the Certificate Administrator. In connection with providing access to the Certificate
Administrator’s Website, the Certificate Administrator may require registration and the acceptance of a disclaimer. The
Certificate Administrator shall not be liable for the dissemination of information in accordance with the terms of this Agreement,
makes no representation or warranty as to the accuracy or completeness of such information being made available, and assumes no
responsibility for such information, other than such information prepared by the Certificate Administrator. Assistance in using
the Certificate Administrator’s Website may be obtained by calling (866) 846-4526. The Certificate Administrator shall provide
a mechanism to notify each Person that has signed-up for access to the Certificate Administrator’s Website in respect of
the transaction governed by this Agreement each time an additional document is posted to the Certificate Administrator’s
Website.


 


The
Certificate Administrator shall, in addition to posting the applicable notices on the “Risk Retention Special Notices”
tab described in clause (vii) above, provide email notification to any Privileged Person (other than Financial Market Publishers)
that has registered to receive access to the Certificate Administrator’s Website and has opted in to receive email notifications
that a notice has been posted to the “risk retention special notices” tab.


 






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The
17g-5 Information Provider shall make available solely to the Depositor, the Rating Agencies and to NRSROs the following items
to the extent such items are delivered to it via email at 17g5informationprovider@wellsfargo.com, specifically with a subject
reference of “JPMCC Trust 2018-WPT” and an identification of the type of information being provided in the body of
the email, or via any alternate email address following notice to the parties hereto or any other delivery method established
or approved by the 17g-5 Information Provider if or as may be necessary or beneficial:


 


(i)        any
Asset Status Report delivered by the Special Servicer under Section 3.10(i);


 


(ii)       any
environmental reports delivered by the Special Servicer under Section 3.12(e);


 


(iii)      any
annual statements as to compliance and related Officer’s Certificates delivered under Section 13.7;


 


(iv)      any
annual independent public accountants’ servicing reports delivered pursuant to Section 13.8;


 


(v)      any
Appraisals and any updates to Appraisals delivered to the 17g-5 Information Provider pursuant to Section 3.7(a);


 


(vi)     any
information requested by the Depositor or the Rating Agencies pursuant to Section 3.21(b) (it being understood the 17g-5
Information Provider shall not disclose on the 17g-5 Information Provider’s Website which Rating Agency requested such information
as provided in Section 3.21(b));


 


(vii)     any
notice to the Rating Agencies relating to the Servicer’s determination to take action without receiving Rating Agency Confirmation
as set forth in Section 3.27(a);


 


(viii)     any
requests for Rating Agency Confirmation that are delivered to the 17g-5 Information Provider pursuant to Section 3.27(a);


 


(ix)       notices
of amendments to ground leases or any rejection or termination of a ground lease;


 


(x)      any
notice of resignation of the Trustee, the Certificate Administrator or the Operating Advisor and any notice of the acceptance
of appointment by the successor Trustee or the successor Certificate Administrator pursuant to Section 8.7 or the successor
Operating Advisor pursuant to Section 3.27;


 


(xi)      any
and all Officer’s Certificates and other evidence to support the Trustee’s, the Servicer’s or the Special Servicer’s,
as the case may be, determination that any Advance was (or, if made, would be) a Nonrecoverable Advance, pursuant to Section
3.23(f);


 






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(xii)      any
notice of a Servicer Termination Event, Special Servicer Termination Event or Operating Advisor Termination Event delivered pursuant
to Section 7.1(b);


 


(xiii)      any
summary of oral communications with the Rating Agencies that are delivered to the 17g-5 Information Provider pursuant to Section
8.14(c); provided that the summary of such oral communications shall not attribute which Rating Agency the communication
was with;


 


(xiv)      notice
of any amendments to the Trust Loan Purchase Agreement;


 


(xv)       notice
of any material modifications or amendments to the Mortgage Loan Documents;


 


(xvi)      any
amendment to this Agreement pursuant to Section 11.1(c);


 


(xvii)      notice
of final payments on the Certificates;


 


(xviii)     notice
of any change to a Manager;


 


(xix)       any
notice sent by the Trustee requesting the resignation of the Special Servicer or providing notice of the appointment of a replacement
Special Servicer in the event that the Special Servicer becomes a Borrower Affiliate; and


 


(xx)        the
Rating Agency Q&A Forum and Document Request Tool pursuant to Section 4.5(d).


 


The
foregoing information shall be made available by the 17g-5 Information Provider on the 17g-5 Information Provider’s Website.
Information will be posted on the same Business Day of receipt provided that such information is received by 2:00 p.m.
(eastern time) or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m. (eastern time). The 17g-5 Information Provider
shall have no obligation or duty to verify, confirm or otherwise determine whether the information being delivered is accurate,
complete, conforms to the transaction, or otherwise is or is not anything other than what it purports to be. In the event that
any information is delivered or posted in error, the 17g-5 Information Provider may remove it from the 17g-5 Information Provider’s
Website. The Certificate Administrator and the 17g-5 Information Provider have not obtained and shall not be deemed to have obtained
actual knowledge of any information posted to the 17g-5 Information Provider’s Website to the extent such information was
not produced by the Certificate Administrator. Access will be provided by the 17g-5 Information Provider to (i) the NRSROs upon
receipt of an NRSRO Certification and (ii) the Depositor. If a Rating Agency requests access to the 17g-5 Information Provider’s
Website, access shall be granted by the 17g-5 Information Provider on the same Business Day, provided that such request
is made prior to 2:00 p.m. (eastern time) on such Business Day, or, if received after 2:00 p.m. (eastern time), on the following
Business Day. Questions regarding delivery of information to the 17g-5 Information Provider may be directed to www.ctslink.com
or 17g5informationprovider@wellsfargo.com. In the event that any report, statement, document, file or other data to be delivered
to the 17g-5 Information Provider under this Agreement is too large in its electronic form to be delivered via email, such report,
statement, document, file or other data may be uploaded to an alternate location provided by the 17g-5 Information Provider,


 






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and
the party uploading such report, statement, document, file or other data shall notify the 17g-5 Information Provider via email
that such report, statement, document, file or other data has been so uploaded and is ready for posting to the 17g-5 Information
Provider’s Website.


 


The
17g-5 Information Provider shall notify any party that delivers information to the 17g-5 Information Provider under this Agreement
that such information was received and that it has been posted. The 17g-5 Information Provider shall provide a mechanism to promptly
notify each Person that has signed up for access to the 17g-5 Information Provider’s Website in respect of the transaction
governed by this Agreement each time an additional document is posted to the 17g-5 Information Provider’s Website and such
notice shall specifically identify such document in the subject line or otherwise in the body of the email. The 17g-5 Information
Provider shall send such notice to such Person’s email address provided by and used by such Person for the purpose of accessing
the 17g-5 Information Provider’s Website, including a general email address if such general email address has been provided
to the 17g-5 Information Provider in connection with a completed NRSRO Certification in the form of Exhibit M hereto. In
connection with providing access to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website,
and the 17g-5 Information Provider may require registration and the acceptance of a disclaimer. The 17g-5 Information Provider
shall not be liable for the dissemination of information in accordance with the terms of this Agreement, makes no representation
or warranty as to the accuracy or completeness of such information being made available, and assumes no responsibility for such
information. The 17g-5 Information Provider shall not be liable for failing to make any information available to the Rating Agencies
or NRSROs unless same was delivered to it at its email address set forth above, with the proper subject heading. Assistance in
using the Certificate Administrator’s Website or the 17g-5 Information Provider can be obtained by calling (866) 846-4526.


 


If
any of the parties to this Agreement receives a Form ABS Due Diligence-15E from any party in connection with any third-party due
diligence services, as defined in Rule 17g-10 under the Exchange Act, such party may have provided with respect to the Mortgage
Loan (“Due Diligence Service Provider”), such receiving party shall promptly forward such Form ABS Due Diligence-15E
to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website. The 17g-5 Information Provider
shall post on the 17g-5 Information Provider’s Website any Form ABS Due Diligence-15E it receives directly from a Due Diligence
Service Provider or from another party to this Agreement, promptly upon receipt thereof.


 


(c)       Each
of the Servicer and the Special Servicer may, in accordance with such reasonable rules and procedures as it may adopt, also deliver,
produce or otherwise make available through its website or otherwise, any CREFC® reports and any additional information
relating to the Mortgage Loan, the Properties or the Borrowers, for review by the Depositor, the Initial Purchasers, the Trustee,
each Companion Loan Holder, the Certificate Administrator and any other Persons who deliver an Investor Certification or confidentiality
agreement in accordance with this Section 8.14(c), and the Rating Agencies (only to the extent such additional information
was previously delivered to the 17g-5 Information Provider or is simultaneously delivered to the 17g-5 Information Provider in
accordance with the provisions of Section 8.14, who shall post such additional information on the 17g-5 Information Provider’s
Website in accordance with the provisions of Section 8.14) (collectively, the “Disclosure Parties”),
in each case, except to the extent doing so is prohibited by this Agreement, applicable law or by the


 






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Mortgage
Loan Documents. Each of the Servicer and the Special Servicer shall be entitled to (i) indicate the source of such information
and affix thereto any disclaimer it deems appropriate in its discretion and/or (ii) require that the recipient of such information
(A) except for the Depositor, the Certificate Administrator and the Trustee, deliver an Investor Certification or enter into a
confidentiality agreement acceptable to the Servicer or the Special Servicer, as the case may be, and (B) acknowledge that the
Servicer or the Special Servicer may contemporaneously provide such information to any other Disclosure Party. In addition, to
the extent access to such information is provided via the Servicer’s or the Special Servicer’s website, the Servicer
and the Special Servicer may require registration and the acceptance of a reasonable and customary disclaimer and/or an additional
or alternative agreement as to the confidential nature of such information. In connection with providing access to or copies of
the information described in this Section 8.14(c) to current or prospective Certificateholders the form of confidentiality
agreement used by the Servicer or the Special Servicer, as applicable, shall be: (i) in the case of a Certificateholder, an Investor
Certification executed by the requesting Person indicating that such Person is a Holder of Certificates and will keep such information
confidential (except that such Certificateholder may provide such information (x) to its auditors, legal counsel and regulators
and (y) to any other Person that holds or is contemplating the purchase of any Certificate or interest therein (provided
that such other Person confirms in writing such ownership interest or prospective ownership interest and agrees to keep such information
confidential)); and (ii) in the case of a prospective purchaser of Certificates or interests therein, an Investor Certification
indicating that such Person is a prospective purchaser of a Certificate or an interest therein and is requesting the information
for use in evaluating a possible investment in Certificates and will otherwise keep such information confidential. In the case
of a licensed or registered investment advisor acting on behalf of a current or prospective Certificateholder, the Investor Certification
shall be executed and delivered by both the investment advisor and such current or prospective Certificateholder.


 


The
Special Servicer, subject to the limitations on delivery of Privileged Information, shall deliver to the Operating Advisor such
reports and other information produced or otherwise available to the Directing Certificateholder or Certificateholders generally,
requested by the Operating Advisor in support of the performance of its obligations under this Agreement in electronic format.


 


Neither
the Servicer nor the Special Servicer shall be liable for the dissemination of information in accordance with this Agreement.
Neither the Servicer nor the Special Servicer shall be responsible or have any liability for the completeness or accuracy of the
information delivered, produced or otherwise made available pursuant to this Section 8.14(c) unless such information was
produced by the Servicer or Special Servicer, as applicable.


 


The
Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor shall be permitted to orally
communicate with the Rating Agencies; provided that such party summarizes the information provided to the Rating Agencies
in such communication in writing and provides the 17g-5 Information Provider with such written summary in accordance with the
procedures set forth in Section 8.14 on the same day such communication takes place; provided that the summary of
such oral communications shall not be attributed to the Rating Agency the communication was with. The 17g-5 Information Provider


 






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shall
post such summary on the 17g-5 Information Provider’s website in accordance with the procedures set forth in Section
8.14.


 


None
of the foregoing restrictions in this Section 8.14 or otherwise in this Agreement shall prohibit or restrict oral or written
communications, or providing information, between the Servicer or the Special Servicer, on the one hand, and any Rating Agency
or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to
the Servicer or the Special Servicer, as applicable, (ii) such Rating Agency’s or NRSRO’s approval of the Servicer
or the Special Servicer, as applicable, as a commercial mortgage master, special or primary servicer or (iii) such Rating Agency’s
or NRSRO’s evaluation of the Servicer’s or the Special Servicer’s, as applicable, servicing operations in general;
provided, that the Servicer or the Special Servicer, as applicable, shall not provide any information relating to the Certificates
or the Trust Loan to any Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless
(x) borrower, property and other deal specific identifiers are redacted; (y) such information has already been provided to the
17g-5 Information Provider and has been uploaded on to the 17g-5 Information Provider’s Website; or (z) the Rating Agency
confirms in writing that it does not intend to use such information in undertaking credit rating surveillance with regard to the
Certificates.


 


In
connection with the delivery by the Servicer or the Special Servicer to the 17g-5 Information Provider of any information, report,
notice or document for posting to the 17g-5 Information Provider’s Website, the 17g-5 Information Provider shall notify
the Servicer or the Special Servicer when such information, report, notice or document has been posted. The Servicer or the Special
Servicer, as applicable, may, but is not obligated to, send such information, report, notice or other document to the applicable
Rating Agency or Rating Agencies so long as such information, report, notice or document was (i) previously provided to the 17g-5
Information Provider or (ii) is simultaneously provided to the 17g-5 Information Provider.


 


Each
of the Servicer and the Special Servicer (each, a “17g-5 Indemnifying Party”) hereby expressly agrees to indemnify
and hold harmless the Depositor and its respective officers, directors, shareholders, members, managers, employees, agents, Affiliates
and controlling persons, and the Trust Fund (each, a “17g-5 Indemnified Party”), from and against any and all
losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable
legal fees and expenses) to which any such 17g-5 Indemnified Party may become subject, under the Securities Act, the Exchange
Act or otherwise, pursuant to a third-party claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees,
penalties, fines, forfeitures or other expenses (including reasonable legal fees and expenses) arise out of or are based upon
such 17g-5 Indemnifying Party’s breach of (i) any obligation relating to the provision of information to the Rating Agencies
set forth in the first paragraph of Section 8.14(c) or (ii) any obligation set forth in the third, fourth and fifth paragraphs
of Section 8.14(c), and shall reimburse such 17g-5 Indemnified Party for any legal or other expenses reasonably incurred
by such 17g-5 Indemnified Party in connection with investigating or defending any such action or claim, as such expenses are incurred.
The foregoing indemnity obligation shall be in addition to the indemnity obligation of any 17g-5


 



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Indemnifying Party under Section
6.6 and shall not be construed as limiting such 17g-5 Indemnifying Party’s indemnity obligations under Section 6.6.


 


9.       CERTAIN
MATTERS RELATING TO THE DIRECTING CERTIFICATEHOLDER


 


9.1.       Selection
and Removal of the Directing Certificateholder


 


(a)       The
Majority Controlling Class Certificateholders may elect the Directing Certificateholder.


 


(b)       The
Directing Certificateholder shall be selected by the Majority Controlling Class Certificateholders, as determined by the Certificate
Registrar from time to time. Each Holder of the Certificates of the Controlling Class shall be entitled to vote in each election
of the Directing Certificateholder. Notwithstanding anything to the contrary herein, the (x) Directing Certificateholder cannot
be any Borrower Affiliate, the Manager or any of their servicers or respective agents or Affiliates and (y) for purposes of determining
the majority of the Controlling Class and/or appointing the Directing Certificateholder, any Borrower Affiliate, the Manager or
any of their servicers or respective agents or Affiliates shall be deemed not to be a Certificateholder and shall not be entitled
to exercise such right. Notwithstanding anything to the contrary herein, each of the Trustee and the Certificate Administrator
may conclusively rely on any Investor Certification provided to it in connection with the foregoing and may require that Investor
Certifications are resubmitted from time to time in accordance with its policies and procedures.


 


(c)       The
identity of the initial Directing Certificateholder is set forth in the definition of “Directing Certificateholder”.
The Majority Controlling Class Certificateholders shall give written notice to the Trustee, the Certificate Administrator, the
Servicer and the Special Servicer of the appointment of any subsequent Directing Certificateholder (in order to receive notices
hereunder). Any Controlling Class Certificateholder that owns, and is identified (with contact information) to the Servicer, the
Special Servicer, the Trustee and the Certificate Administrator as owning, the largest aggregate Certificate Balance of Certificates
of the Controlling Class, shall give written notice to the Trustee, the Certificate Administrator, the Servicer and the Special
Servicer of the appointment of a Directing Certificateholder (if any) (in order to receive notices hereunder) by such Controlling
Class Certificateholder for so long as such Controlling Class Certificateholder owns the largest aggregate Certificate Balance
of the Controlling Class and shall also state that such Directing Certificateholder is not a Borrower or Borrower Affiliate.


 


(d)       The
Directing Certificateholder may be removed at any time by the written vote of the Majority Controlling Class Certificateholders,
and a copy of the results of such vote shall be delivered to the Certificate Administrator, the Trustee, the Servicer and the
Special Servicer, along with any information relating to the appointment of any new Directing Certificateholder.


 


(e)       Each
Controlling Class Certificateholder is hereby deemed to have agreed by virtue of its purchase of a Certificate to provide its
name and address to the Certificate Administrator and the Trustee and to notify the Certificate Administrator and all the parties


 






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hereto
of the selection of a Directing Certificateholder or the resignation or its removal thereof. Any Certificateholder or its designee
at any time appointed Directing Certificateholder is hereby deemed to have agreed by virtue of its purchase of a Certificate to
notify the Certificate Administrator when such Certificateholder or its designee is appointed Directing Certificateholder and
when it is removed or resigns. Upon receipt of such notice, the Certificate Administrator shall notify the Trustee, the Special
Servicer and the Servicer of the identity of the Directing Certificateholder and any resignation or removal thereof. In addition,
upon the request of the Servicer or the Special Servicer, as applicable, the Certificate Administrator shall provide the name
of the then-current Directing Certificateholder and a list of the Certificateholders (or Beneficial Owners, if applicable, at
the expense of the requesting party) of the Controlling Class to such requesting party. In addition, (i) any Holder owning more
than fifty percent (50%) of the applicable Controlling Class (by Certificate Balance) is hereby deemed to have agreed by virtue
of its purchase of a Certificate to notify the Trustee and the Certificate Administrator when it no longer holds the majority
of the Controlling Class Certificates (by Certificate Balance), and (ii) each of the Holders of the Controlling Class Certificates
who collectively own more than fifty percent (50%) of the applicable Controlling Class (by Certificate Balance) is hereby deemed
to have agreed by virtue of its purchase of a Certificate to notify the Trustee and the Certificate Administrator when it transfers
its Controlling Class Certificate (or its beneficial interest in the Controlling Class Certificates) and, as a result of such
transfer, such Holders who collectively appointed the Directing Certificateholder no longer collectively own more than the applicable
percentage of the Controlling Class Certificates (by Certificate Balance) set forth above, provided in no event with respect
to either clause (i) or (ii) shall any Controlling Class Certificateholder have any liability to any Person for
the failure to provide any such notices.


 


(f)       Once
a Directing Certificateholder has been selected, each of the Servicer, the Special Servicer, the Depositor, the Certificate Administrator,
the Trustee and each other Certificateholder (or Beneficial Owner, if applicable) shall be entitled to rely on such selection
unless the Majority Controlling Class Certificateholders shall have notified each other party to this Agreement and each other
Certificateholder of the Controlling Class, in writing, of the resignation of such Directing Certificateholder or the selection
of a new Directing Certificateholder.


 


(g)       Until
it receives notice to the contrary, each party to this Agreement shall be entitled to rely on the most recent notification with
respect to the identity of the Certificateholders of the Controlling Class and the Directing Certificateholder.


 


(h)       The
Directing Certificateholder shall be responsible for its own expenses.


 


Notwithstanding
any other provision to this Agreement, in the event that there is no Controlling Class or no Directing Certificateholder has been
appointed or identified to the Servicer or the Special Servicer, as applicable, and the Servicer or Special Servicer, as applicable,
has attempted to obtain such information from the Trustee and the Certificate Administrator and no such entity has been identified
to the Servicer or the Special Servicer, as applicable, then the Servicer or the Special Servicer, as applicable, shall have no
duty to consult with, provide notice to, or seek the approval or consent of any such Directing Certificateholder as the case may
be until such time as a Directing Certificateholder meeting the definition thereof is so appointed or identified. Upon request,
the Certificate Administrator shall provide such


 



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information as is then in its possession to identify the Directing Certificateholder,
if any, to the Servicer and the Special Servicer.


 


9.2.       Limitation
on Liability of Directing Certificateholder; Acknowledgements of the Certificateholders.


 


Neither
the Controlling Class nor the Directing Certificateholder shall have any liability to the Trust or the Certificateholders for
any action taken, or for refraining from the taking of any action.


 


By
its acceptance of a Certificate, each Certificateholder acknowledges and agrees that the Directing Certificateholder and/or the
Controlling Class Certificateholders (i) may have special relationships and interests that conflict with those of Holders of one
or more Classes of the Certificates, including owning securities backed by the Companion Loans or any interest in the Companion
Loans, (ii) may act solely in the interests of the Holders of the Controlling Class, including the Directing Certificateholder,
(iii) does not have any duties or liability to the Holders of any Class of Certificates, (iv) may take actions that favor the
interests of one or more Classes of the Certificates, including the Holders of the Controlling Class, over the interests of the
Holders of one or more other Classes of the Certificates, and (v) shall have no liability whatsoever to the Trust, any Certificateholder
or any other Person for having so acted as set forth in clauses (i) through (iv) above and/or as permitted under
the terms of this Agreement, and no Certificateholder may take any action whatsoever against the Directing Certificateholder,
the Controlling Class Certificateholders or any director, officer, employee, partner, member, shareholder, agent or principal
of the Directing Certificateholder or the Controlling Class Certificateholders, as applicable, for having so acted.


 


9.3.       Rights
and Powers of the Directing Certificateholder.


 


(a)       Notwithstanding
anything herein to the contrary, but subject to the next sentence, except as set forth in, and in any event subject to, Section
3.24(d), Section 9.3(b), Section 9.3(c) and the second and third paragraphs of this Section 9.3(a), (i)
the Servicer shall not be permitted to take any of the actions constituting a Major Decision unless it has obtained the consent
of the Special Servicer, which consent shall be deemed given if the Special Servicer does not object within fifteen (15) Business
Days (or 90 days with respect to the determination of an Acceptable Insurance Default) (after delivery of a written recommendation
and analysis to the Special Servicer (and a concurrent copy to the Directing Certificateholder) and information reasonably requested
by the Special Servicer) unless such actions are part of an Asset Status Report approved by the Directing Certificateholder under
Section 3.10(i) or is otherwise implemented by the Special Servicer in accordance with the terms of this Agreement and
(ii) prior to the occurrence and continuance of a Control Event, the Special Servicer shall not be permitted to (A) consent to
the Servicer’s taking any of the actions constituting a Major Decision, or (B) itself take any of the actions constituting
a Major Decision, but subject to Section 3.10(i) if, in either case, the Directing Certificateholder has objected to the
action in writing within ten (10) Business Days after receipt of a written report by the Special Servicer describing in reasonable
detail (i) the background and circumstances requiring action of the Special Servicer, (ii) the proposed course of action recommended,
and (iii) any direct or indirect conflict of interest in the action (the “Major Decision Reporting Package”)
(provided that if such


 






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written objection has not been received by the Special Servicer within such ten (10) Business Day
period, then the Directing Certificateholder shall be deemed to have approved such action). In the event that the Special Servicer
or Servicer, as applicable, determines that immediate action, with respect to a Major Decision, or any other matter requiring
consent of the Directing Certificateholder prior to the occurrence and continuance of a Control Event under this Agreement (or
consultation with the Directing Certificateholder after the occurrence and during the continuance of a Control Event, but prior
to the occurrence of a Consultation Termination Event), is necessary to protect the interests of the Certificateholders, the Special
Servicer or Servicer, as the case may be, may take any such action without waiting for the Directing Certificateholder’s
response (or without such consultation) so long as the Servicer or the Special Servicer, as applicable, has made a reasonable
effort to contact the Directing Certificateholder to inform it of such need. The Special Servicer is not required to obtain the
consent of the Directing Certificateholder for any Major Decision upon the occurrence and during the continuance of a Control
Event; provided, however, that after the occurrence and during the continuance of a Control Event but prior to the
occurrence of a Consultation Termination Event, the Special Servicer shall not be required to obtain the consent of the Directing
Certificateholder but shall consult with the Directing Certificateholder on a non-binding basis in connection with any Major Decision
(and such other matters that are subject to consent, approval, direction or consultation rights of the Directing Certificateholder
hereunder) and to consider alternative actions recommended by the Directing Certificateholder in respect of such matters. With
respect to any action requiring the Directing Certificateholder’s consent, if the Directing Certificateholder does not respond
to a request for its consent within ten (10) Business Days (or such other length of time as specified in this Agreement with respect
to any particular action requiring consent), such consent will be deemed to have been given. In the event that no Directing Certificateholder
has been appointed or identified to the Servicer or the Special Servicer, as applicable, and the Servicer or Special Servicer,
as applicable, has attempted to obtain such information from the Certificate Administrator and no such entity has been identified
to the Servicer or the Special Servicer, as applicable, then until such time as the new Directing Certificateholder is identified,
the Servicer or the Special Servicer, as applicable, shall have no duty to consult with, provide notice to, or seek the approval
or consent of any such Directing Certificateholder as the case may be.


 


In
addition, for so long as no Control Event has occurred and is continuing, but subject to the second sentence of the preceding
paragraph, Section 9.3(b), Section 9.3(c) and the immediately following paragraph, the Directing Certificateholder
may direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Trust Loan as the Directing
Certificateholder may reasonably deem advisable.


 


Notwithstanding
anything to the contrary contained herein, if the Special Servicer or Servicer, as applicable, determines that a refusal to consent
by the Directing Certificateholder or any objection, consultation or direction or advice from the Directing Certificateholder,
the Controlling Class Certificateholders or any other Person would (A) otherwise require or cause the Special Servicer or Servicer,
as applicable, to violate the terms of the Mortgage Loan Documents, the Co-Lender Agreement, applicable law, provisions of the
Code resulting in an Adverse REMIC Event or this Agreement, (including without limitation, actions inconsistent with Accepted
Servicing Practices), (B) expose any Certificateholder, the Servicer, the Special Servicer, the Certificate Administrator, the
Trustee, the Operating Advisor or the Trust or their


 






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respective
Affiliates, officers, directors or agent to any claim, suit or liability, (C) result in the imposition of a tax upon the Trust
(other than a tax on “net income from foreclosure property”) or loss of REMIC status or (D) materially expand the
scope of the Special Servicer’s, the Servicer’s, the Operating Advisor’s, the Trustee’s or the Certificate
Administrator’s responsibilities hereunder, then the Special Servicer or Servicer, as applicable, shall disregard such refusal
to consent, direction or advice and notify the Directing Certificateholder, the Trustee, the Certificate Administrator and the
17g-5 Information Provider of its determination, including a reasonably detailed explanation of the basis therefor. The taking
of, or refraining from taking, any action by the Servicer or Special Servicer in accordance with the direction of or approval
of the Directing Certificateholder that does not violate the Mortgage Loan Documents, the Co-Lender Agreement, this Agreement,
any applicable law, provisions of the Code resulting in an Adverse REMIC Event or Accepted Servicing Practices or any other provisions
of this Agreement, shall not result in any liability on the part of the Servicer or the Special Servicer.


 


(b)       Notwithstanding
anything to the contrary contained herein (i) after the occurrence and during the continuance of a Control Event, the Directing
Certificateholder shall have no right to consent to or direct any action taken or not taken by any party to this Agreement; (ii)
after the occurrence and during the continuance of a Control Event but so long as no Consultation Termination Event is continuing,
the Directing Certificateholder shall remain entitled to receive any notices, reports or information to which it is entitled pursuant
to this Agreement, and the Servicer, Special Servicer and any other applicable party shall consult with the Directing Certificateholder
in connection with any action to be taken or refrained from taking to the extent set forth herein; and (iii) during the continuance
of a Consultation Termination Event, the Directing Certificateholder shall have no direction, consultation or consent rights hereunder
and no right to receive any notices, reports or information (other than notices, reports or information required to be delivered
to all Certificateholders) or any other rights as Directing Certificateholder, and the Controlling Class will not be entitled
to appoint a Directing Certificateholder; provided that the Directing Certificateholder (if and to the extent that it is
a Certificateholder) and a holder of a Controlling Class Certificate will maintain the right to exercise its Voting Rights for
the same purposes as any other Certificateholder under this Agreement. No Borrower Affiliate may be appointed as or act as the
Directing Certificateholder.


 


If
a Control Event no longer exists, then the Directing Certificateholder shall regain all the consent and direction rights of the
Directing Certificateholder set forth in this Agreement and the Controlling Class shall regain the right to appoint a Directing
Certificateholder.


 


The
Special Servicer shall provide each Major Decision Reporting Package to the Operating Advisor simultaneously upon providing such
Major Decision Reporting Package to the Directing Certificateholder. With respect to any particular Major Decision and related
Major Decision Reporting Package and any Asset Status Report, the Special Servicer shall make available to the Operating Advisor
servicing officers with relevant knowledge regarding the Mortgage Loan and such Major Decision, Major Decision Reporting Package
and/or Asset Status Report in order to address reasonable questions that the Operating Advisor may have relating to, among other
things, such Major Decision and/or Asset Status Report and potential conflicts of interest and compensation with respect to such
Major Decision, Major Decision Reporting Package and/or Asset Status Report.


 






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In
addition, after the occurrence and during the continuance of an Operating Advisor Consultation Event, the Special Servicer shall
consult with the Operating Advisor (telephonically or electronically) in connection with any proposed Major Decision for which
the Special Servicer has delivered to the Operating Advisor a Major Decision Reporting Package and consider alternative actions
recommended by the Operating Advisor, in respect thereof, provided that such consultation is on a non-binding basis. In
the event that the Special Servicer receives no response from the Operating Advisor within ten (10) Business Days following the
later of (i) its written request (which initial request shall include a Major Decision Reporting Package) for input on any required
consultation and (ii) delivery of all such additional information reasonably requested by the Operating Advisor related to the
subject matter of such consultation, the Special Servicer shall not be obligated to consult with the Operating Advisor on the
specific matter; provided, however, that the failure of the Operating Advisor to respond on any specific matters
shall not relieve the Special Servicer from its obligation to consult with the Operating Advisor on any future matter with respect
to the Mortgage Loan.


 


In
connection with the Directing Certificateholder’s right to consent or consult and the Operating Advisor’s right to
consult with respect to a Major Decision, as applicable, if the Special Servicer determines that action is necessary to protect
a Property or the interests of the Certificateholders from potential harm if such action is not taken, or if a failure to take
any such action at such time would be inconsistent with Accepted Servicing Practices, the Special Servicer may take actions with
respect to a Property before the expiration of the applicable period for the Operating Advisor or the Directing Certificateholder
to respond as described in this section, if the Special Servicer reasonably determines in accordance with Accepted Servicing Practices
that failure to take such actions before the expiration of such period would materially adversely affect the interest of the Certificateholders,
and the Special Servicer has made a reasonable effort to contact the Operating Advisor or the Directing Certificateholder, as
applicable.


 


After
the occurrence and during the continuance of a Consultation Termination Event, the Directing Certificateholder shall have no consultation
or consent rights hereunder and shall have no right to receive any notices, reports or information (other than notices, reports
or information required to be delivered to all Certificateholders) or any other rights as Directing Certificateholder. However,
the Directing Certificateholder shall maintain the right to exercise its Voting Rights for the same purposes as any other Certificateholder.


 


(c)       For
purposes of determining the Directing Certificateholder, exercising any rights of the Controlling Class or receiving Asset Status
Reports or any other information under this Agreement other than Distribution Date Statements, any Holder of any interest in a
Controlling Class Certificate who is a Borrower Affiliate, the Manager or an agent or Affiliate of the foregoing, shall not be
deemed to be a Holder or Beneficial Owner of the related Controlling Class and shall not be entitled to exercise such rights or
receive such information. If, as a result of the preceding sentence, no Holder or Beneficial Owner of Controlling Class Certificates
would be eligible to exercise such rights, there will be no Controlling Class.


 


(d)       The
Certificate Administrator shall, within ten (10) Business Days after its determination that a Control Event, a Consultation Termination
Event or an Operating Advisor Consultation Event has occurred or ceased to exist, post a notice of such occurrence or cessation


 






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of
a Control Event or Consultation Termination Event on the Certificate Administrator’s Website. The Certificate Administrator
shall notify the Operating Advisor, the Servicer and the Special Servicer within ten (10) Business Days of the existence or cessation
of any Control Event, Consultation Termination Event or Operating Advisor Consultation Event.


 


(e)       For
so long as no Consultation Termination Event has occurred and is continuing, the Special Servicer shall provide notice to the
Directing Certificateholder of any annual meeting with the Borrower and the Manager pursuant to the Mortgage Loan Documents, consult
with the Directing Certificateholder regarding an agenda for such meeting, and invite the Directing Certificateholder to attend
such meeting (which invitation the Directing Certificateholder may accept or decline in its discretion). The Special Servicer
shall provide advance notice to the Borrower and the Manager that the Directing Certificateholder has no authority to act on behalf
of the holder of the Trust Loan.


 


(f)       For
so long as no Consultation Termination Event has occurred, the Special Servicer shall provide notice to the Directing Certificateholder
of any material notices that the Special Servicer has received under or related to Ground Lease (including any Ground Lease estoppel
modifying the terms of a Ground Lease), or other material agreement and the Special Servicer is required to consult with the Directing
Certificateholder with respect to the contents of such notices.


 


9.4.       Directing
Certificateholder Contact with Servicer and Special Servicer.


 


Upon
reasonable request, each of the Servicer and the Special Servicer shall, without charge, make a Servicing Officer available to
answer questions from the Directing Certificateholder (prior to the occurrence and continuance of a Control Event) regarding the
performance and servicing of the Trust Loan (or, in the case of the Special Servicer, the Special Servicer’s operational
activities on a platform level basis related to the servicing of the Trust Loan after a Special Servicing Loan Event and the servicing
of any Foreclosed Property) for which the Servicer or the Special Servicer, as the case may be, is responsible.


 


Notwithstanding
any provision of this Agreement to the contrary, the failure of the Servicer or the Special Servicer to disclose any information
otherwise required to be disclosed by it pursuant to this Agreement shall not constitute a breach of this Agreement if the Servicer
or the Special Servicer, as applicable, determines, in its reasonable and good faith judgment and consistent with Accepted Servicing
Practices, that such disclosure would constitute a waiver of the attorney-client privilege on behalf of the Trust or the Trust
Fund or otherwise materially harm the Trust or the Trust Fund.


 


10.       TERMINATION


 


10.1.       Termination.  (a)
The respective obligations and responsibilities of the Servicer, the Special Servicer, the Operating Advisor, the Depositor, the
Certificate Administrator and the Trustee created hereby (other than the obligation to make certain payments to the Companion
Loan Holders, other than the obligation of the Certificate Administrator to make certain payments to Certificateholders after
the final Distribution Date to the extent set forth in this Agreement and other than the obligation of the Certificate


 






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Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the Trust Fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties hereto)
shall terminate upon the last action required to be taken by the Certificate Administrator on the final Distribution Date pursuant
to this Article 10 following the later of (i) the final payment on the Certificates and the Uncertificated Lower-Tier Interests
or (ii) the liquidation of the Trust Loan (including, without limitation, the sale of the Trust Loan pursuant to this Agreement)
or the liquidation or abandonment of the Properties and all other Collateral for the Trust Loan, provided, however,
that in no event shall the Trust continue beyond the expiration of twenty-one (21) years from the death of the last survivor of
the descendants of Joseph P. Kennedy, the late United States Ambassador to the Court of St. James’s, living on the date
hereof.


 


(b)       On
the final Distribution Date, all amounts on deposit in the Collection Account and not otherwise payable to a Person other than
the Certificateholders, shall be applied generally as described in Section 4.1.


 


(c)       Notice
of any termination, specifying the final Distribution Date (which shall be a date that would otherwise be a Distribution Date)
upon which the Certificateholders of any Class may surrender their Certificates to the Certificate Administrator for payment of
the final distribution and cancellation, shall be given promptly by the Certificate Administrator by letter to Certificateholders
mailed as soon as practicable specifying (A) the final Distribution Date upon which final payment of the Certificates shall be
made upon presentation and surrender of Certificates at the office or agency of the Certificate Administrator therein designated,
(B) the amount of any such final payment and (C) that the Record Date otherwise applicable to such Distribution Date is not applicable,
payments being made only upon presentation and surrender of the Certificates at the office or agency of the Certificate Administrator
therein specified.


 


10.2.       Additional
Termination Requirements.  In connection with any termination pursuant to Section 10.1 other than final payment
on the Trust Loan, the Trust shall be terminated in accordance with the following additional requirements, unless the Certificate
Administrator has obtained at the expense of the Trust, an Opinion of Counsel that any other manner of terminating either the
Lower-Tier REMIC or the Upper-Tier REMIC will not subject the Trust, the Lower-Tier REMIC or the Upper-Tier REMIC to federal income
tax:


 


(i)       Within
eighty-nine (89) days prior to the final Distribution Date, the Certificate Administrator shall designate the first day of the
90-day liquidation period of the Lower-Tier REMIC and the Upper-Tier REMIC which shall be specified in a notice from the Certificate
Administrator to the Certificateholders as soon as practicable prior to such final Distribution Date, and shall specify such date
in the final tax return of each such Trust REMIC;


 


(ii)      At
or after the time of adoption of such plan of complete liquidation and at or prior to the final scheduled Distribution Date, the
Servicer shall sell any remaining assets (other than cash) of the Trust Fund and credit the proceeds thereof to the Trust Fund;
and


 


(iii)     At
or after such time as the proceeds from the disposition of the remaining assets of the Trust Fund shall have been credited to
the Trust Fund, the Certificate 



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Administrator shall cause all remaining amounts held (A) as part of the Lower-Tier REMIC to be
distributed to the Certificate Administrator as Holder of the Uncertificated Lower-Tier Interests and to the Holders of the Class
R Certificates (in respect of the Class LT-R Interest) in accordance with Section 4.1(b) and (B) as part of the Upper-Tier
REMIC to be distributed to the Holders of the Regular Certificates and the Class R Certificates (in respect of the Class UT-R
Interest) in accordance with Section 4.1(a) and Section 4.1(g).


 


10.3.       Trusts
Irrevocable. Except as expressly provided herein, all trusts created hereby are irrevocable.


 


11.       MISCELLANEOUS
PROVISIONS


 


11.1.       Amendment.
(a) This Agreement may be amended from time to time by the parties hereto, without the consent of any of the
Certificateholders or the Companion Loan Holders:


 


   (i)       to
correct any inconsistency, defect or ambiguity in this Agreement or to correct any manifest error in any provision of this Agreement;


 


  (ii)       to
cause the provisions in this Agreement to conform or be consistent with or in furtherance of the statements made in the Offering
Circular with respect to the Certificates, the Trust or this Agreement or to correct or supplement any of the provisions of this
Agreement which may be inconsistent with any other provisions in this Agreement or to correct any error; provided that
such amendment or supplement would not adversely affect in any material respect the interests of the Companion Loan Holders not
consenting thereto, as evidenced by (x) an Opinion of Counsel or (y) if any securities backed by any Companion Loan is then rated,
receipt of a Rating Agency Confirmation;


 


 (iii)       to
change the timing and/or nature of deposits in the Collection Account, the Distribution Account or the Foreclosed Property Account,
provided that (A) the Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (B) the change would not adversely affect in any material respect the interests of any Certificateholder or the Companion
Loan Holders not consenting thereto, as evidenced by (1) an Opinion of Counsel (at the expense of the party requesting the amendment
or at the expense of the Trust if the requesting party is the Trustee or the Certificate Administrator) or (2) if the related
Class of Certificates or Companion Loan Securities is rated by a Rating Agency or a Companion Loan Rating Agency, as applicable,
Rating Agency Confirmation or Companion Loan Rating Agency Confirmation, as applicable, is obtained;


 


 (iv)       to
modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification of either the Lower-Tier
REMIC or the Upper-Tier REMIC as a REMIC at all times that any Certificate is outstanding, or to avoid or minimize the risk of
imposition of any tax on the Lower-Tier REMIC or the Upper-Tier REMIC that would be a claim against the Lower-Tier REMIC or the
Upper-Tier REMIC; provided that the Trustee and the Certificate Administrator received an Opinion of Counsel (at the expense
of the party requesting the amendment or if the requesting party


 






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is the Certificate Administrator or the Trustee, at the expense
of the Trust) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid or minimize
the risk of imposition of any such tax and (2) the action will not adversely affect in any material respect the interests of any
holder of the Certificates or the Companion Loan Holders or (B) to the extent necessary for the Trust or any Other Securitization
Trust to comply with the Investment Company Act of 1940, as amended, the Trust Indenture Act of 1939, as amended, the Exchange
Act, Regulation AB, and/or any related regulatory actions and/or interpretations;


 


  (v)       to
modify, eliminate or add to any of its provisions to restrict (or to remove any existing restrictions with respect to) the transfer
of the Class R Certificates; provided that the Depositor has determined that the amendment will not give rise to any tax
with respect to the transfer of the Class R Certificates to a non-Permitted Transferee; provided, further, that
the Depositor may conclusively rely upon an Opinion of Counsel to such effect;


 


 (vi)       to
make any other provisions with respect to matters or questions arising under this Agreement or any other change, provided
that the required action shall not adversely affect in any material respect the interests of any Certificateholder or the Companion
Loan Holders not consenting thereto, as evidenced by a an Opinion of Counsel or Rating Agency Confirmation or, if the applicable
Certificate is not then rated by a Rating Agency, an Opinion of Counsel with respect to such Class of Certificate; provided,
further, that prior to the occurrence of a Consultation Termination Event, any amendment pursuant to this clause (vi) that
would adversely affect the rights of the Controlling Class Certificateholder or the Directing Certificateholder shall be subject
to the consent of such affected party or parties;


 


 (vii)       to
amend or supplement any provision of this Agreement to the extent necessary to maintain the then-current ratings assigned to each
Class of Certificates by each Rating Agency, as evidenced by Rating Agency Confirmation; provided, that any amendment or
supplement pursuant to this clause (vii) would not adversely affect in any material respect the interests of any Certificateholder
or Companion Loan Holders not consenting thereto, as evidenced by an Opinion of Counsel;


 


 (viii)     
to modify the provisions of this Agreement with respect to reimbursement of Nonrecoverable Advances if (A) the Depositor, the
Servicer, the Certificate Administrator and the Trustee, determine that the commercial mortgage backed securities industry standard
for such provisions has changed, in order to conform to such industry standard, (B) such modification does not cause the Upper-Tier
REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC, as evidenced by an Opinion of Counsel, (C) Rating Agency Confirmation
is obtained and (D) prior to the occurrence and continuance of a Control Event, the Directing Certificateholder consents to such
modification if such amendment would adversely affect the rights of the Controlling Class Certificateholder;


 


(ix)       to
modify the procedures of this Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided that such
amendment does not materially 


 



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increase the responsibilities of any of the Servicer, the Special Servicer, the Certificate Administrator,
the 17g-5 Information Provider, the Operating Advisor or the Trustee, unless such party consents thereto; provided, further
that such amendment shall not adversely affect in any material respects the interests of any Certificateholders or the Companion
Loan Holders, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate or Companion Loan Securities is then rated,
receipt of Rating Agency Confirmation from each Rating Agency;


 


(x)       to
modify, eliminate or add to any of its provisions in the event the Credit Risk Retention Rules, Regulation RR or any other regulations
applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required
to comply with any such amendment or to modify or eliminate the risk retention requirements in the event of such repeal; provided
that no such modification, elimination or addition may change in any manner the rights or obligations of the Third Party Purchaser
under this Agreement or the related risk retention agreement without the consent of the Third Party Purchaser; and


 


(xi)       to
modify, eliminate or add to any of the provisions of this Agreement to such extent as will be necessary for any Other Securitization
Trust to comply with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii),
(iii) or (iv).


 


No
other amendment to the Trust and Servicing Agreement may be made without the consent of the Companion Loan Holders if such amendment
materially adversely affects the rights of the Companion Loan Holders under this Agreement.


 


Notwithstanding
the foregoing, no such amendment may change in any manner any defined term used in any Trust Loan Purchase Agreement or the obligations
of the Trust Loan Seller under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust Loan Seller as
a third party beneficiary hereunder, without the consent of the Trust Loan Seller.


 


(b)       Subject
to the rights of the Companion Loan Holder to consent to certain amendments to this Agreement under Section 11.1(a), this
Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Operating Advisor, the Certificate
Administrator and the Trustee with the written consent of the Holders of Certificates evidencing, in the aggregate, not less than
51% of the Percentage Interests of each Class of Certificates adversely affected thereby (as evidenced by an Opinion of Counsel)
for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or
of modifying in any manner the rights of the Holders of the Certificates; provided, however, that no such amendment
shall (i) reduce in any manner the amount of, or delay the timing of, payments received on the Trust Loan that are required to
be distributed on any Certificate, (ii) alter in any manner the liens on any Collateral securing payments on the Trust Loan; (iii)
alter the obligations of the Servicer, or the Trustee to make an Advance or alter Accepted Servicing Practices set forth herein,
(iv) change the percentages of Voting Rights or Percentage Interests of Certificateholders that are required to consent to any
action or inaction under this Agreement; (v) change in any manner any defined term used in the Trust Loan


 






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Purchase Agreement or
the obligations of the Trust Loan Seller under the Trust Loan Purchase Agreement or otherwise or change any rights of the Trust
Loan Seller as a third party beneficiary hereunder, without the consent of the Trust Loan Seller or (vi) amend this Section
11.1.


 


It
shall not be necessary for the consent of Certificateholders under this Section 11.1 to approve the particular form of
any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining
such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable
regulations as the Certificate Administrator may prescribe.


 


Notwithstanding
any contrary provisions of this Agreement, (i) neither the Trustee nor the Certificate Administrator shall consent to any amendment
to this Agreement unless it shall have first been furnished with an Opinion of Counsel to the effect that such amendment is authorized
or permitted hereunder and all conditions to such amendment have been satisfied and (ii) no amendment shall be made to this Agreement
without the Trustee and the Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the
party requesting the amendment, that the amendment will not result in an Adverse REMIC Event.


 


Notwithstanding
any contrary provision contained in this Agreement, no amendment to this Agreement may be made that changes in any manner the
rights and/or obligations of the Trust Loan Seller under this Agreement or under the Trust Loan Purchase Agreement without the
consent of such Trust Loan Seller, or the rights of an Initial Purchaser hereunder without the written consent of such Initial
Purchaser, and each of the Trustee or Certificate Administrator may, but will not be obligated to, enter into any amendment to
this Agreement that it determines affects its respective rights, duties or immunities or creates any additional liability for
the Trustee or Certificate Administrator, as applicable, under this Agreement.


 


(c)       Promptly
after the execution of any amendment to this Agreement, the Certificate Administrator shall post a copy of the same to the Certificate
Administrator’s Website, deliver a copy of the same to the 17g-5 Information Provider who shall post a copy of the same
on the 17g-5 Information Provider’s Website pursuant to Section 0, and thereafter, the Certificate Administrator
shall furnish written notification of the substance of such amendment to each Certificateholder, the Trustee, the Depositor, the
Servicer, the Special Servicer, the Initial Purchasers and the Rating Agencies.


 


(d)       In
the event that neither the Depositor nor any successor thereto is in existence, any amendment under this Section 11.1 shall
be effected with the consent of the Trustee, the Certificate Administrator and the Servicer or Special Servicer, as applicable,
and, to the extent required by this Section 11.1, the required Certificateholders, Companion Loan Holders, Trust Loan Seller
and/or Initial Purchaser, as applicable.


 


(e)       The
costs and expenses associated with any such amendment, including without limitation, Opinions of Counsel and Rating Agency Confirmations,
shall be borne by the party requesting such amendment or as otherwise provided in Section 11.1(a) (or, if such amendment
is required by any of the Rating Agencies to maintain the rating issued by it or


 






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requested
by the Trustee or the Certificate Administrator (which do not modify or otherwise relate solely to the obligations, duties or
rights of the Trustee or the Certificate Administrator), then at the expense of the Depositor and, if neither the Depositor nor
any successor thereto is in existence, the Trust Fund).


 


11.2.       Recordation
of Agreement; Counterparts. (a) This Agreement or an abstract hereof, if acceptable by the applicable recording office,
is subject to recordation in all appropriate public offices for real property records in the county in which any Property
subject to the Mortgages is situated, and in any other appropriate public recording office or elsewhere, such recordation to
be effected by the Trustee or the Certificate Administrator as a Trust Fund Expense upon its receipt of an Opinion of Counsel
to the effect that such recordation materially and beneficially affects the interests of the Certificateholders of the
Trust.


 


(b)       For
the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be
executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this
Agreement in Portable Document Format (PDF) or by facsimile transmission shall be as effective as delivery of a manually executed
original counterpart of this Agreement.


 


11.3.       Governing
Law; Waiver of Trial by Jury; Submission to Jurisdiction. THIS AGREEMENT AND Any
claim, controversy or dispute arising under or related to this AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS
AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE
CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.


 


THE
PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM,
WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OF THE TRANSACTIONS CONTEMPLATED HEREBY.


 


EACH
OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN ANY ACTION OR
PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE
AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON


 






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THE
JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY
CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER.


 


11.4.       Notices.
All demands, notices and communications hereunder shall be in writing, shall be deemed to have been given upon receipt
(except that notices to Holders of any Class of Certificates held in registered, definitive form shall be deemed to have been
given upon being sent by first class mail, postage prepaid) as follows:


 


If
to the Trustee, to:


 


Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services: JPMCC 2018-WPT


 


with
a copy to:



cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com


 


If
to the Certificate Administrator, to:



Wells Fargo Bank, N.A.

9062 Old Annapolis Road

Columbia, MD 21045

Attention: Corporate Trust Services CMBS – J.P. Morgan Chase 

Commercial Mortgage Securities Trust 2018-WPT

Telephone: 410-884-2000

Facsimile: 410-715-2380

E-mail: trustadministrationgroup@wellsfargo.com and


            cts.cmbs.bond.admin@wellsfargo.com


 


or
in the case of surrender, transfer or exchange for all Certificates other than the Risk Retention Certificates:



Wells Fargo Bank, N.A.

600 South 4th Street, 7th Floor

MAC: N9300-070

Minneapolis, Minnesota 55479

Attention: Certificate Transfer Services — CTS — JPMCC 2018-WPT


 






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or
in the case of a request for release of the Risk Retention Certificates and any transfer of the Risk Retention Certificates during
the Risk Retention Period to:



Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Risk Retention Custody (CMBS) — JPMCC 2018-WPT


 


with
a copy to:



E-mail: riskretentioncustody@wellsfargo.com


 


or
in the case of the Custodian, to:



Wells Fargo Bank, National Association

1055 10th Avenue, Southeast

Minneapolis, Minnesota 55414

Attention: CTS — Document Custody Group JPMCC 2018-WPT


 


with
a copy to:



E-mail: cmbscustody@wellsfargo.com


 


with
a copy to:


 


Aini
& Associates, PLLC

2615 Coney Island Avenue

Brooklyn, NY 11223

Attention: J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT

Telephone: (718) 265-1544

Facsimile: (718) 265-1515

E-mail: cmbs@ainilaw.com and jackaini@ainilaw.com


 


If
to the Depositor, to:



J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: US_CMBS_Notice@jpmorgan.com


 


with
a copy to:



J.P. Morgan Chase Commercial Mortgage Securities Corp.

4 New York Plaza, 21st Floor


 





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New York, NY 10004-2413

Attention: Bianca A. Russo, Esq.

E-mail: US_CMBS_Notice@jpmorgan.com


 


If
to the Servicer, to:



KeyBank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden

Facsimile: (877) 379-1625

E-mail: Michael_a_tilden@keybank.com


 


with
a copy to:



Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Facsimile: (816) 753-1536

E-mail: kkohring@polsinelli.com


 


If
to the Operating Advisor, to:



Park Bridge Lender Services LLC

600 Third Avenue

New York, New York 10016

Attention: JPMCC 2018-WPT—Surveillance Manager (with a copy sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com)


 


and
for items regarding the Investor Q&A Forum, to:



REAM_InvestorRelations@wellsfargo.com


 


and
for any items relating to the Rating Agency Q&A Forum/Document Request Tool, to:



RAInvRequests@wellsfargo.com


 


If
to the Special Servicer, to:



KeyBank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Alan Williams

Facsimile: (877) 379-1625

E-mail: keybank_notices@keybank.com


 






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with
a copy to:



Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

Facsimile: (816) 753-1536

E-mail: kkohring@polsinelli.com


 


If
to JPMS, as an Initial Purchaser, to:



J.P. Morgan Securities LLC

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: SPG Syndicate

E-mail: ABS_Synd@jpmorgan.com


 


with
a copy to:



J.P. Morgan Securities LLC





383
Madison Avenue, 32nd Floor 


New
York, New York 10179 


Attention:
Bianca A. Russo, Esq. 


E-mail:
US_CMBS_Notice@jpmorgan.com


 


If
to Academy, as an Initial Purchaser, to:


 


Academy
Securities, Inc.

277 Park Avenue, 35th Floor

New York, New York 10172

Attention: Michael Boyd, Chief Compliance Officer

Facsimile: (646) 791-5945


 


If
to Drexel, as an Initial Purchaser, to:


 


Drexel
Hamilton, LLC

77 Water Street

New York, New York 10005

Attention: John D. Kerin, Director of Debt Syndicate

Facsimile: (646) 412-1500


 


If
to any Certificateholder, to:



the address set forth in the Certificate Register


 


If
to the Loan Parties: at the respective addresses therefor set forth in the Mortgage Loan Agreement


 






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In
the case of any Companion Loan Holder:



The address set forth in the related Co-Lender Agreement


 


or,
in the case of the parties to this Agreement, to such other address as such party shall specify by written notice to the other
parties hereto.


 


11.5.       Notices
to the Rating Agencies. Any notices or documents required to be delivered to the Rating Agencies under this Agreement and
any other information regarding the Trust Fund as may be reasonably requested by the Rating Agencies from any party hereto to
the extent such party has or can obtain such information without unreasonable effort or expense shall be delivered to the
Rating Agencies at the addresses set forth below; provided, however, that such other information shall be
provided to the 17g-5 Information Provider in accordance with the procedures set forth in Section 8.14(b); provided, further,
that responses, information, reports and communications with respect to any Rating Agency Inquiry conducted or submitted on
the Rating Agency Q&A Forum and Document Request Tool shall not be required to be delivered to the 17g-5 Information
Provider. The 17g-5 Information Provider shall not disclose which Rating Agency has requested such information.
Notwithstanding the foregoing, the failure to deliver such notices or copies shall not constitute a Servicer Termination
Event or Special Servicer Termination Event, as the case may be, under this Agreement. Any confirmation of the rating by the
Rating Agencies required hereunder shall be in writing.


 


Any
notices to the Rating Agencies shall be sent to the following addresses:



S&P Global Ratings

55 Water Street, 41st Floor

New York, New York 10041

Attention: Commercial Mortgage Surveillance Manager

E-mail: cmbs_info_17g5@standardandpoors.com


 


               DBRS,
Inc.

333 W. Wacker Dr., Suite 1800

Chicago, Illinois 60606

Attention: Commercial Mortgage Surveillance

Facsimile No.: (312) 332-3492

E-mail: cmbs.surveillance@dbrs.com


 


11.6.       Severability
of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then, to the extent permitted by applicable law, such covenants, agreements, provisions or terms shall
be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect
the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.


 


11.7.       Limitation
on Rights of Certificateholders. The death or incapacity of any Certificateholder shall not operate to terminate this
Agreement or the Trust Fund, nor entitle such Certificateholder’s legal representative or heirs to claim an accounting
or to take any action or to


 






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commence
any proceeding in any court for a petition or winding up of the Trust Fund, or otherwise affect the rights, obligations and liabilities
of the parties hereto or any of them.


 


No
Certificateholder, solely by virtue of its status as a Certificateholder, shall have any right to vote (except as provided herein)
or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor
shall anything herein set forth or contained in the terms of the Certificates be construed so as to constitute the Certificateholders
from time to time as partners or members of an association; nor shall any Certificateholders be under any liability to any third
party by reason of any action by the parties to this Agreement pursuant to any provision hereof.


 


No
Certificateholder, solely by virtue of its status as a Certificateholder, shall have any right by virtue or by availing itself
of any provisions of this Agreement or the Certificates to institute any suit, action or proceeding in equity or at law upon or
under or with respect to this Agreement or any Certificate, unless such Holder previously shall have given to the Trustee a written
notice of a Servicer Termination Event or Special Servicer Termination Event, as the case may be, and of the continuance thereof,
as herein before provided, and unless the Holders of Certificates aggregating not less than 50% of the Voting Rights of the Certificates
shall also have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee
hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses, and liabilities
to be incurred therein or thereby, and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity,
shall have neglected or refused to institute any such action, suit or proceeding; it being understood and intended, and being
expressly covenanted by each Certificateholder with every other Certificateholder and the Trustee, that no one or more Holders
of Certificates shall have any right in any manner whatever by virtue or by availing itself or themselves of any provisions of
this Agreement or the Certificates to affect, disturb or prejudice the rights of the Holders of any other of the Certificates,
or to obtain or seek to obtain priority over or preference to any other such Holder except as provided herein or therein with
respect to entitlement to payments or to enforce any right under this Agreement or the Certificates, except in the manner herein
provided and for the common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section,
each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.
By virtue of its purchase of a certificate, each Certificateholder shall be deemed to have acknowledged that it shall make its
own decisions regarding its rights and protections relevant to the Trust and shall not be relying on the Trustee or any other
deal party.


 


11.8.       Certificates
Nonassessable and Fully Paid. The Certificateholders shall not be personally liable for obligations of the Trust Fund,
that the interests in the Trust Fund represented by the Certificates shall be nonassessable for any reason whatsoever, and
the Certificates, upon due authentication thereof by the Certificate Administrator pursuant to this Agreement, are and shall
be deemed fully paid.


 


11.9.       Reproduction
of Documents. This Agreement and all documents relating thereto, including, without limitation, (i) consents, waivers and
modifications which may hereafter be executed, (ii) documents received by any party at the closing, and (iii) financial
statements, certificates and other information previously or hereafter furnished, may be 


 



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reproduced by any photographic,
photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties agree that any such
reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or
not the original is in existence and whether or not such reproduction was made by a party in the regular course of business,
and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in
evidence.


 


11.10.       No
Partnership.  Nothing herein contained shall be deemed or construed to create a partnership or joint venture between
the parties hereto.


 


11.11.       Actions
of Certificateholders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by this Agreement to be given or taken by Certificateholders may be embodied in and evidenced by one or more
instruments of substantially similar tenor signed by such Certificateholders in person or by agent duly appointed in writing;
and except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are
delivered to the Certificate Administrator and, where required, to the Depositor, the Trustee, the Servicer, the Special
Servicer or the Operating Advisor. Proof of execution of any such instrument or of a writing appointing any such agent shall
be sufficient for any purpose of this Agreement and conclusive in favor of the Certificate Administrator, the Trustee, the
Depositor, the Servicer, the Special Servicer and the Operating Advisor if made in the manner provided in this
Section.


 


(b)         The
fact and date of the execution of any Certificateholder of any such instrument or writing may be proved in any reasonable manner
which the Certificate Administrator deems sufficient.


 


(c)         Any
request, demand, authorization, direction, notice, consent, waiver, or other act by a Certificateholder shall bind every Holder
of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of
anything done, or omitted to be done, by the Trustee, the Certificate Administrator, the Depositor, the Servicer, the Special
Servicer or the Operating Advisor in reliance thereon, whether or not notation of such action is made upon such Certificate.


 


(d)         The
Certificate Administrator may require additional proof of any matter referred to in this Section as it shall deem reasonably necessary.


 


11.12.       Successors
and Assigns. The rights and obligations of any party hereto shall not be assigned (except pursuant to Sections
6.2, 6.4, 8.7 or 8.9 hereof) by such party without the prior written consent of the other parties
hereto. This Agreement shall inure to the benefit of and be binding upon the Depositor, the Servicer, the Special Servicer,
the Operating Advisor, the Certificate Administrator and the Trustee and their respective permitted successors and assigns.
No Person other than a party to this Agreement, the Initial Purchasers and any Certificateholder shall have any rights with
respect to the enforcement of any of the rights or obligations hereunder. Without limiting the foregoing, the parties to this
Agreement specifically agree that (i) the Trust Loan Seller shall be a third-party beneficiary of this Agreement with respect
to any provisions relating to the Trust Loan Seller, (ii) unless it is a Borrower Affiliate, each Companion Loan Holder shall
be a third-party beneficiary of this Agreement with respect to


 






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the rights afforded it under this Agreement, (iii) each Other
Depositor and Other Exchange Act Reporting Party shall be third-party beneficiary of this Agreement with respect to its
rights under Article 12, and (iv) none of the Borrower Affiliates, the Manager or other party to the Mortgage Loan is
an intended third-party beneficiary of this Agreement.


 


11.13.       Acceptance
by Authenticating Agent, Certificate Registrar. The Certificate Administrator hereby accepts its appointment as
Authenticating Agent and Certificate Registrar and agrees to perform the obligations required to be performed by it in each
such capacity pursuant to the terms of this Agreement.


 


11.14.       Streit
Act. Any provisions required to be contained in this Agreement by Section 126 and/or Section 130-k or Article 4-A of the
New York Real Property Law are hereby incorporated herein, and such provisions shall be in addition to those conferred or
imposed by this Agreement; provided, however, that to the extent that such Section 126 and/or 130-k shall not
have any effect, and if said Section 126 and/or Section 130-k should at any time be repealed or cease to apply to this
Agreement or be construed by judicial decision to be inapplicable, said Section 126 and/or Section 130-k shall cease to have
any further effect upon the provisions of this Agreement. In a case of a conflict between the provisions of this Agreement
and any mandatory provisions of Article 4-A of the New York Real Property Law, such mandatory provisions of said Article 4-A
shall prevail, provided that if said Article 4-A shall not apply to this Agreement, should at any time be repealed, or
cease to apply to this Agreement or be construed by judicial decision to be inapplicable, such mandatory provisions of such
Article 4-A shall cease to have any further effect upon the provisions of this Agreement.


 


11.15.       Assumption
by Trust of Duties and Obligations of the Trust Loan Seller Under the Mortgage Loan Documents. The Trustee and the
Certificate Administrator on behalf of the Trust as assignee of the Trust Loan and the Servicer and Special Servicer hereby
acknowledge that the Trust assumes all of the rights and obligations of the Trust Loan Seller as lender under the Mortgage
Loan Documents and agrees to be bound thereby, and in accordance with the terms thereof.


 


11.16.       Grant
of a Security Interest.


 


The
Depositor intends that the conveyance of the Depositor’s right, title and interest in and to the Trust Loan pursuant to
this Agreement shall constitute a sale and not a pledge of security for a loan. If such conveyance is deemed to be a pledge of
security for a loan, however, the Depositor intends that the rights and obligations of the parties to such loan shall be established
pursuant to the terms of this Agreement. The Depositor also intends and agrees that, in such event, (i) the Depositor shall be
deemed to have granted to the Trustee (in such capacity) a first priority security interest in the Depositor’s entire right,
title and interest in and to the assets comprising the Trust Fund, including without limitation, the Trust Loan, all principal
and interest received or receivable with respect to the Trust Loan (other than the Retained Interest Amount, and payments of interest
due and payable prior to the Closing Date and principal payments received prior to the Closing Date), all amounts held from time
to time in the Collection Account (subject to the rights of the Companion Loan Holders with respect to any amounts that are required
to be distributed to the Companion Loans pursuant to the Co-Lender Agreement), the Distribution Account, and, if established,
the Foreclosed Property Account, and all reinvestment


 






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earnings on such amounts, and all of the Depositor’s right, title
and interest in and to the proceeds of any title, hazard or other insurance policies related to the Trust Loan and (ii) this Agreement
shall constitute a security agreement under applicable law. This Section 11.16 shall constitute notice to the Trustee pursuant
to any of the requirements of the applicable UCC.


 


11.17.       Cooperation
with the Trust Loan Seller with Respect to Rights Under the Mortgage Loan Agreement. It is expressly agreed and
understood that, notwithstanding the assignment of the Mortgage Loan Documents, it is expressly intended that the Trust Loan
Seller and the Depositor be able to obtain the benefit of the Securitization Cooperation Provisions and the Securitization
Indemnification Agreement shall be retained by the Trust Loan Seller and shall not be part of the Trust Fund. Therefore, the
Depositor and Trustee hereby agree to cooperate with the Trust Loan Seller and the Depositor with respect to the benefits of
the Securitization Cooperation Provisions and the Securitization Indemnification Agreement, including, without limitation,
reassignment to the Trust Loan Seller or the Depositor, as applicable, of such provisions, but no other portion of the
Mortgage Loan Documents, to permit the Trust Loan Seller, the Depositor and their affiliates to enforce the Securitization
Cooperation Provisions and the Securitization Indemnification Agreement for their respective benefits.


 


12.       REMIC
ADMINISTRATION


 


12.1.       REMIC
Administration.       (a) The parties intend that each of the Lower-Tier REMIC and the Upper-Tier REMIC shall constitute, and
that the affairs of each of the Lower-Tier REMIC and the Upper-Tier REMIC shall be conducted so as to qualify it as, a REMIC,
and the provisions hereof shall be interpreted consistently with this intention.


 


(b)         The
Certificate Administrator shall make or cause to be made an election on behalf of each of the Lower-Tier REMIC and the Upper-Tier
REMIC to treat the segregated pool of assets constituting such Trust REMIC as a REMIC under the Code. Each such election shall
be made on IRS Form 1066 or other appropriate federal tax or information return for the taxable year ending on the last day of
the calendar year in which the Certificates are issued.


 


(c)         The
Closing Date is hereby designated as the “Startup Day” of each of the Lower-Tier REMIC and the Upper-Tier REMIC
within the meaning of Section 860G(a)(9) of the Code. The “latest possible maturity date” of the Regular Certificates
and the Uncertificated Lower-Tier Interests for the purposes of Section 860G(a)(1) of the Code is the later Rated Final Distribution
Date.


 


(d)         The
Certificate Administrator shall prepare or cause to be prepared and timely produced to the Trustee to sign (and the Trustee shall
timely sign) and file or cause to be filed with the IRS, on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC, an
application for a taxpayer identification number for such Trust REMIC on IRS Form SS-4 or obtain such number by other permissible
means. Within thirty days of the Closing Date, the Certificate Administrator shall furnish or cause to be furnished to the IRS,
on IRS Form 8811 or as otherwise may be required by the Code, the name, title and address of the Persons that Holders of the Certificates
may contact for tax information relating thereto (and the Certificate Administrator shall act as the representative of each of
the Lower-Tier REMIC and the Upper-Tier REMIC for this purpose), together with such additional information as may be 


 



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required
by such Form, and shall update such information at the time or times and in the manner required by the Code (and the Depositor
agrees within ten (10) Business Days of the Closing Date to provide any information reasonably requested by the Servicer or the
Certificate Administrator and necessary to make such filing). The Certificate Administrator shall be responsible for obtaining
a tax identification number for any REMIC specified herein, and shall be responsible for the preparation of the related IRS Form
W-9, if such form is requested. The Trustee shall be entitled to rely on the information contained therein, and is hereby directed
to execute such IRS Form W-9; provided, however, the Certificate Administrator shall also be directed to execute
such IRS Form W-9 (in lieu of the Trustee) if permitted by IRS regulations.


 


(e)        The
Certificate Administrator shall pay without any right of reimbursement the ordinary and usual expenses in connection with the
preparation, filing and mailing of tax information reports and returns that are incurred by it in the ordinary course of its business,
but extraordinary or unusual expenses, costs or liabilities incurred in connection with its tax-related duties under this Agreement,
including without limitation any expenses, costs or liabilities associated with audits or any administrative or judicial proceedings
with respect to the Lower-Tier REMIC or the Upper-Tier REMIC that involve the IRS or state tax authorities, shall be reimbursable
from the Trust Fund.


 


(f)       The
Certificate Administrator shall prepare, or cause to be prepared, timely furnish or cause to be furnished to the Trustee to sign
(and the Trustee shall timely sign), and the Certificate Administrator shall file or cause to be filed all federal, state and
local income or franchise or other tax and information returns for each of the Lower-Tier REMIC and the Upper-Tier REMIC as the
direct representative for such Trust REMIC. Except as provided in Section 12.1(e), the expenses of preparing and filing
such returns shall be borne by the Certificate Administrator. The Depositor shall provide on a timely basis to the Certificate
Administrator or its designee such information with respect to each of the Lower-Tier REMIC and the Upper-Tier REMIC as is in
its possession, and is reasonably requested by the Certificate Administrator to enable it to perform its obligations under this
subsection, and the Certificate Administrator shall be entitled to rely on such information in the performance of its obligations
hereunder.


 


(g)       The
Certificate Administrator shall perform on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC all reporting and other
tax compliance duties that are the responsibility of such Trust REMIC under the Code, the REMIC Provisions, or other compliance
guidance issued by the IRS or any state or local taxing authority. Among its other duties, the Certificate Administrator shall
provide (i) to the IRS or other Persons (including, but not limited to, the transferor of a Class R Certificate to a Disqualified
Organization or to an agent that has acquired a Class R Certificate on behalf of a Disqualified Organization) such information
as is necessary for the application of any tax relating to the transfer of a Class R Certificate to any Disqualified Organization
and (ii) to the Certificateholders such information or reports as are required by the Code or REMIC Provisions. The Depositor
shall provide on a timely basis (and in no event later than 30 days after the Certificate Administrator’s request) to the
Certificate Administrator or its designee such information with respect to each of the Lower-Tier REMIC and the Upper-Tier REMIC
as is in its possession and is reasonably requested in writing by the Certificate Administrator to enable it to perform its obligations
under this subsection.


 






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(h)       The
Holder of the Class R Certificates holding the largest Percentage Interest therein shall be the Tax Matters Person, pursuant to
Treasury Regulations Section 1.860F-4(d) and the “partnership representative” (within the meaning of Code Section
6223, to the extent such provision is applicable to the Upper-Tier REMIC and the Lower-Tier REMIC) of the Upper-Tier REMIC and
the Lower-Tier REMIC. The duties of the Tax Matters Person and “partnership representative” for the Upper-Tier REMIC
and the Lower-Tier REMIC are hereby delegated to the Certificate Administrator as agent for the Tax Matters Person and “partnership
representative.” The Class R Certificateholders, by acceptance of the Class R Certificates, agree, on behalf of themselves
and all successor holders of such Class R Certificates, to the irrevocable appointment of the Certificate Administrator as the
agent of the Class R Certificateholders to perform all of the duties of the Tax Matters Person and “partnership representative”
for the Upper-Tier REMIC and the Lower-Tier REMIC.


 


(i)       The
Certificate Administrator, the Holders of the Class R Certificates, the Servicer and the Special Servicer shall perform their
obligations under this Agreement and the REMIC Provisions in a manner consistent with the status of each of the Lower-Tier REMIC
and the Upper-Tier REMIC as a REMIC.


 


(j)       The
Certificate Administrator, any Holder of the Class R Certificates, the Servicer and the Special Servicer shall not take any action
or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to take any action, within their respective control and the scope
of their specific respective duties under this Agreement that, under the REMIC Provisions, could reasonably be expected to (i)
endanger the status of either the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC or (ii) unless permitted under Section
12.2(a), result in the imposition of a tax upon either the Lower-Tier REMIC or the Upper-Tier REMIC (including but not limited
to the tax on prohibited transactions as defined in Code Section 860F(a)(2) and the tax on prohibited contributions as defined
in Code Section 860G(d)) (any such result in clause (i) or (ii), an “Adverse REMIC Event”) unless
(A) the Certificate Administrator and the Servicer have received a Nondisqualification Opinion (at the expense of the party seeking
to take such action or of the Trust Fund if taken for the benefit of the Certificateholders) with respect to such action or (B)
the Certificate Administrator and the Servicer have received an opinion (at the expense of the party seeking to take such action
or of the Trust Fund if taken for the benefit of the Certificateholders) to the effect that such action will not cause an Adverse
REMIC Event.


 


(k)       Any
and all federal, state and local taxes imposed on the Upper-Tier REMIC or the Lower-Tier REMIC or its assets or transactions,
including, without limitation, “prohibited transaction” taxes as defined in Section 860F of the Code, and any tax
on contributions imposed by Section 860G(d) of the Code, shall be paid from the Collection Account; provided that the Servicer,
upon two (2) days prior written notice, shall remit from the Collection Account to the Certificate Administrator the amount of
any such tax that the Certificate Administrator notifies the Servicer is due; provided, further, if such taxes shall
have been imposed on account of the willful misconduct, bad faith or negligence of any party hereto, or in connection with the
breach of any representation or warranty made by any party hereto in this Agreement, then such taxes shall be paid by such party.


 


(l)       The
Certificate Administrator shall, for federal income tax purposes, maintain books and records with respect to the Lower-Tier REMIC
and the Upper-Tier REMIC 


 



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on a calendar year and on an accrual basis. Notwithstanding anything to the contrary contained herein
or in the Mortgage Loan Documents (but subject to Section 1.3), all amounts collected on the Trust Loan shall, for federal
income tax purposes, be allocated first to interest due and payable on the Trust Loan (including interest on overdue interest)
other than Default Interest. The books and records must be sufficient concerning the nature and amount of the investments of the
Lower-Tier REMIC and the Upper-Tier REMIC to show that such REMIC has complied with the REMIC Provisions.


 


(m)       None
of the Certificate Administrator, the Trustee, the Servicer or the Special Servicer shall enter into any arrangement by which
either the Lower-Tier REMIC or the Upper-Tier REMIC will receive a fee or other compensation for services.


 


(n)       In
order to enable the Certificate Administrator to perform its duties as set forth herein, the Depositor shall provide, or cause
to be provided, to the Certificate Administrator within ten (10) days after the Closing Date, all information or data that the
Certificate Administrator reasonably determines to be relevant for tax purposes on the valuations and offering prices of the Certificates,
including, without limitation, the yield, issue prices, pricing prepayment assumption and projected cash flows of the Regular
Certificates and the Class R Certificates, as applicable, and the projected cash flows on the Trust Loan. Thereafter, the Depositor,
the Trustee, the Servicer and the Special Servicer shall provide to the Certificate Administrator, promptly upon request therefor,
any such additional information or data that the Certificate Administrator may, from time to time, reasonably request in order
to enable the Certificate Administrator to perform its duties as set forth herein. The Certificate Administrator is hereby directed
to use any and all such information or data provided by the Trustee, the Depositor, the Servicer and the Special Servicer in the
preparation of all federal, state or local income, franchise or other tax and information returns and reports for each of the
Lower-Tier REMIC and the Upper-Tier REMIC to Certificateholders as required herein. The Depositor hereby indemnifies the Certificate
Administrator for any losses, liabilities, damages, claims or expenses of the Certificate Administrator arising from any errors
or miscalculations of the Certificate Administrator pursuant to this Section 12.1 that result from any failure of the Depositor
to provide or to cause to be provided, accurate information or data to the Certificate Administrator (but not resulting from the
methodology employed by the Certificate Administrator) on a timely basis and such indemnifications shall survive the termination
of this Agreement and the termination of the Certificate Administrator.


 


The
Certificate Administrator agrees that all such information or data so obtained by it shall be regarded as confidential information
and agrees that it shall use its best reasonable efforts to retain in confidence, and shall ensure that its officers, employees
and representatives retain in confidence, and shall not disclose, without the prior written consent of the Depositor, any or all
of such information or data, or make any use whatsoever (other than for the purposes contemplated by this Agreement) of any such
information or data without the prior written consent of the Depositor, unless such information is generally available to the
public (other than as a result of a breach of this Section) or is required by law or applicable regulations to be disclosed.


 


(o)       The
Certificate Administrator’s authority under this Agreement includes the authority to make, and the Certificate Administrator
is hereby directed to make, any elections






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allowed
under the Code (i) to avoid the application of Code Section 6221 (or successor provisions) to either the Lower-Tier REMIC or the
Upper-Tier REMIC and (ii) to avoid payment by either the Lower-Tier REMIC or the Upper-Tier REMIC under Code Section 6225 (or
successor provisions) of any tax, penalty, interest or other amount imposed under the Code that would otherwise be imposed on
any Holder of a Class R Certificate, past or present. A Holder of any Class R Certificate agrees, by acquiring such Certificate,
to any such elections.


 


12.2.       Foreclosed
Property. (a) The parties hereto acknowledge and understand that if the Trust Fund were to acquire any Property as
Foreclosed Property and were to own and operate that Property in a manner consistent with the manner in which the Properties
are currently owned and operated by the Borrowers, through a Successor Manager, some portion or all of the income derived in
the Lower-Tier REMIC from such Foreclosed Property may be considered “net income from foreclosure property” for
purposes of Section 860G(c) of the Code and subject to tax at normal corporate income tax rates.


 


In
determining whether to acquire and hold any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee hereunder,
shall take these circumstances into account and shall only acquire such Foreclosed Property if it determines, in its reasonable
judgment (after, consultation with counsel, at the expense of the Trust Fund), that either (i) there is a commercially feasible
alternative method of administering such Foreclosed Property that would not result in such tax, e.g., a net lease that results
in Rents from Real Property or (ii) the likely recovery with respect to operating such Foreclosed Property on behalf of the Trust
Fund, after taking into account any such taxes that might be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC, will
exceed the likely recovery to the Trust Fund if the Trust Fund were to net lease the Foreclosed Property or were not to acquire
and hold the Foreclosed Property. If the Trust Fund acquires any Foreclosed Property, the Special Servicer, acting on behalf of
the Trustee, if the Manager would not be considered an Independent Contractor, shall either renegotiate the applicable Management
Agreement or replace the Manager with a Successor Manager (as appropriate and to the extent permitted under such Management Agreement)
so that the Foreclosed Property would be considered to be operated by an Independent Contractor. If, after making the foregoing
reasonable efforts, the Special Servicer determines that it is in the best interests of Certificateholders on a net after-tax
basis to operate the Foreclosed Property in a manner such that the Lower-Tier REMIC or Upper-Tier REMIC shall receive, based upon
an Opinion of Counsel, “net income from foreclosure property” under the REMIC Provisions, the Special Servicer shall
maintain or cause to be maintained such records of income and expense as to enable such amounts to be computed accurately, and
shall pay or retain or cause to be paid or retained from Foreclosure Proceeds such amounts as are necessary to pay such tax or,
to the extent such amounts are insufficient, from the Collection Account pursuant to Section 3.4(c)(ix).


 


Without
limiting the generality of the foregoing, the Special Servicer shall not, to the extent within its power:


 


(i)       permit
the Trust Fund to enter into, renew or extend any New Lease with respect to such Foreclosed Property, if the New Lease by its
terms will give rise to any income that does not constitute Rents from Real Property;


 






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(ii)       permit
any amount to be received or accrued under any New Lease other than amounts that will constitute Rents from Real Property;


 


(iii)       authorize
or permit any construction on the Foreclosed Property, other than the completion of a building or other improvement thereon, and
then only if more than 10% of the construction of such building or other improvements was completed before default on the Mortgage
Loan became imminent, all within the meaning of Section 856(e)(4)(B) of the Code; or


 


(iv)       Directly
Operate, other than through an Independent Contractor, or allow any other Person to Directly Operate, other than through an Independent
Contractor, the Foreclosed Property on any date more than ninety (90) days after its acquisition date.


 


(b)        The
Special Servicer, acting on behalf of the Trustee hereunder, shall make reasonable efforts to sell such Foreclosed Property for
its fair market value in accordance with Section 3.15. In any event, however, the Special Servicer, acting on behalf of
the Trustee hereunder, shall dispose of any Foreclosed Property as soon as is practicable but in no event later than the close
of the third calendar year following the year in which the Acquisition Date occurs unless the Special Servicer, on behalf of the
Trustee, has received (or has not been denied) an extension of time (an “Extension”) by the IRS to sell such
Foreclosed Property or an Opinion of Counsel to the effect that the holding by the Trust of the Foreclosed Property for an additional
specified period will neither result in the imposition of taxes on “prohibited transactions” of the Trust Fund as
defined in Section 860F of the Code, nor cause the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC at any
time that the Certificates are outstanding, in which event such period shall be extended by such additional specified period,
with the expenses of obtaining any such extension of time being an expense of the Trust Fund. If the Special Servicer, on behalf
of the Trustee, has received (or has not been denied) such Extension, then the Special Servicer, acting on behalf of the Trustee
hereunder, shall continue to attempt to sell the Foreclosed Property for its fair market value for such longer period as such
Extension permits (the “Extended Period”). If the Special Servicer, acting on behalf of the Trustee, has not
received such an Extension and the Special Servicer, acting on behalf of the Trustee hereunder, is unable to sell the Foreclosed
Property, within the foregoing period or if the Special Servicer, acting on behalf of the Trustee hereunder, has received such
an Extension, and the Special Servicer, acting on behalf of the Trustee hereunder, is unable to sell the Foreclosed Property within
the Extended Period, the Special Servicer shall, before the end of the above-referenced period or the Extended Period, as the
case may be, auction the Foreclosed Property to the highest bidder (which may be the Special Servicer) in accordance with Accepted
Servicing Practices.


 


(c)       Within
thirty (30) days of the sale of a Foreclosed Property, the Special Servicer shall provide to each of the Certificate Administrator
and the Trustee a statement of accounting for the Foreclosed Property, including, without limitation, (i) the date the related
Property was acquired in foreclosure or by deed in lieu of foreclosure, (ii) the date of disposition of such Foreclosed Property,
(iii) the gross sale price and related selling and other expenses, (iv) accrued interest calculated from the date of acquisition
to the disposition date, and (v) such other information as the Certificate Administrator and/or Trustee may reasonably request.


 






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12.3.       Prohibited
Transactions and Activities. The Special Servicer, on behalf of the Trust Fund, shall not permit the sale or disposition
of the Trust Loan at a time when the Trust Loan is not the subject of a breach of a representation or is not in default or
default with respect thereto is not reasonably foreseeable (except in a disposition pursuant to (i) the bankruptcy or
insolvency of the Lower-Tier REMIC or (ii) the termination of the Lower-Tier REMIC in a “qualified liquidation”
as defined in Section 860F(a)(4) of the Code), nor acquire any assets for either the Lower-Tier REMIC or the Upper-Tier REMIC
(other than Foreclosed Property), nor sell or dispose of any investments in the Collection Account or Distribution Account
for gain, nor receive any amount representing a fee or other compensation for services, nor accept any contributions to
either the Lower-Tier REMIC or the Upper-Tier REMIC (other than a cash contribution during the three-month period beginning
on the Startup Day), unless it has received an Opinion of Counsel (at the expense of the Person requesting it to take such
action) to the effect that such disposition, acquisition, substitution or acceptance will not (a) affect adversely the status
of either the Lower-Tier REMIC or the Upper-Tier REMIC as a REMIC, or of the Certificates as representing regular interests
therein, (b) affect the distribution of interest or principal on the Certificates, (c) result in the encumbrance of the
assets transferred or assigned to either the Lower-Tier REMIC or the Upper-Tier REMIC (except pursuant to the provisions of
this Agreement), or (d) cause either the Lower-Tier REMIC or the Upper-Tier REMIC to be subject to a tax on “prohibited
transactions” or “prohibited contributions” pursuant to the REMIC Provisions.


 


12.4.       Indemnification
with Respect to Certain Taxes and Loss of REMIC Status. (a)       If either the
Lower-Tier REMIC or the Upper-Tier REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs state or local
taxes, or a tax as a result of a prohibited transaction or contribution subject to taxation under the REMIC Provisions due to
the willful misconduct, bad faith or negligent performance by the Certificate Administrator of its duties and obligations
specifically set forth herein, or by reason of the Certificate Administrator’s negligent disregard of its obligations
and duties thereunder, the Certificate Administrator shall indemnify the Trust against any and all losses, claims, damages,
liabilities or expenses (“Losses”) resulting therefrom; provided, however, the Certificate
Administrator shall not be liable for any such Losses attributable to the action or inaction of the Servicer, the Special
Servicer, the Depositor, or the Holders of the Class R Certificates nor for any such Losses resulting from misinformation
provided by the Holders of the Class R Certificates, the Servicer, the Special Servicer, or the Depositor, on which the
Certificate Administrator has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of
successor Holders of the Class R Certificates at law or in equity.


 


(b)       If
either the Lower-Tier REMIC or the Upper-Tier REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs state
or local taxes, or a tax as a result of a prohibited transaction or contribution subject to taxation under the REMIC Provisions
due to the willful misconduct, bad faith or negligent performance of the Servicer or the Special Servicer in the performance of
its duties and obligations set forth herein, or by reason of the Servicer’s or Special Servicer’s negligent disregard
of its obligations and duties thereunder, the Servicer or the Special Servicer, as the case may be, shall indemnify the Trust
Fund against any and all losses resulting therefrom; provided, however, the Servicer or the Special Servicer, as
the case may be, shall not be liable for any such losses attributable to the action or inaction of the Certificate Administrator,
the Depositor, the Holders of the Class R Certificates nor for any such losses


 



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resulting from misinformation provided by the Certificate
Administrator, the Depositor or the Holders of the Class R Certificates on which the Servicer or the Special Servicer, as the
case may be, has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of any successor Holders
of the Class R Certificates at law or in equity.


 


13.       EXCHANGE
ACT REPORTING AND REGULATION AB COMPLIANCE


 


13.1.       Intent
of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of this Article
13, among other things, to facilitate compliance by any Other Depositor with the provisions of Regulation AB and the
related rules and regulations of the Commission. Except as expressly required by Sections 13.7, 13.8 and 13.9,
the Depositor shall not, and no Other Depositor may, exercise its rights to request delivery of information or other
performance under these provisions other than in good faith, or for purposes other than compliance with the Act, the Exchange
Act and the Sarbanes-Oxley Act. The parties hereto acknowledge that interpretations of the requirements of Regulation AB may
change over time due to interpretive guidance provided by the Commission or its staff, and agree to comply with reasonable
requests made by the Depositor, or any Other Depositor, in good faith for delivery of information under these provisions on
the basis of such evolving interpretations of Regulation AB. In connection with the J.P. Morgan Chase Commercial Mortgage
Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, and any Companion Loan Securities,
each of the parties to this Agreement shall cooperate fully with the Depositor, the Certificate Administrator, any Other
Depositor and any Other Exchange Act Reporting Party, as applicable, to deliver to the Depositor or Other Depositor, as
applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any
other information in its possession or reasonably available to it and necessary in the reasonable good faith determination of
the Depositor, the Certificate Administrator, any Other Depositor or any Other Exchange Act Reporting Party, as
applicable, to permit the Depositor or any Other Depositor, as applicable, to comply with the provisions of Regulation AB,
together with such disclosures relating to the Servicer, the Special Servicer, the Operating Advisor, the Certificate
Administrator and the Trustee, as applicable, and any Sub-Servicer, or the servicing of the Mortgage Loan, reasonably
believed by the Depositor or any Other Depositor, as applicable, in good faith to be necessary in order to effect such
compliance.


 


13.2.       Succession;
Sub-Servicers; Subcontractors. (a) For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act (in addition to any requirements contained in Section 13.7 of this Agreement), in connection with the
succession to the Servicer and Special Servicer or any Sub-Servicer as servicer or sub-servicer (to the extent such Sub-Servicer
is a “servicer” meeting the criteria contemplated by Item 1108(a)(2) of Regulation AB) under this Agreement by any
Person (i) into which the Servicer and Special Servicer or such Sub-Servicer may be merged or consolidated, or (ii) which may
be appointed as a successor to the Servicer and Special Servicer or any such Sub-Servicer, the Servicer or Special Servicer, as
applicable (depending on whether such succession involves it or one of its Sub-Servicers), shall provide (other than in the case
of a succession pursuant to an appointment under Section 7.1 or 7.2, in which case the successor Servicer or successor
Special Servicer, as applicable, shall provide) to any Other Depositor as to which the applicable Companion Loan is affected,
at least five (5) Business Days prior to the effective date of such succession or appointment as long as such disclosure prior
to such effective date would not be


 



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violative of any applicable law or confidentiality agreement (and as long as such notice is
not given by a successor Servicer or successor Special Servicer appointed under Section 7.1 or 7.2), and otherwise
no later than one (1) Business Day after such effective date of succession, (x) written notice to the Depositor and each such
Other Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to each
such Other Depositor, all information relating to such successor Servicer reasonably requested by any such Other Depositor in
order to comply with its reporting obligation under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under
the Exchange Act are required to be filed under the Exchange Act).


 


(b)       For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, each of the Servicer,
the Special Servicer, any Sub-Servicer, the Operating Advisor, the Trustee and the Certificate Administrator (each of the Servicer,
the Special Servicer, the Operating Advisor, the Trustee and the Certificate Administrator and each Sub-Servicer, for purposes
of this Section 13.2(b) and Section 13.2(c), a “Servicing Party”) is permitted to utilize one
or more Subcontractors to perform certain of its obligations hereunder. Such Servicing Party shall promptly upon request provide
to any Other Depositor as to which the applicable Companion Loan is affected, a written description (in form and substance satisfactory
to each such Other Depositor) of the role and function of each Subcontractor that is a Servicing Function Participant utilized
by such Servicing Party during the preceding calendar year, specifying (i) the identity of such Subcontractor, and (ii) which
elements of the Servicing Criteria will be addressed in assessments of compliance provided by each such Subcontractor. Each Servicing
Party shall cause any Subcontractor utilized by such Servicing Party that is determined to be a Servicing Function Participant
to comply with the provisions of Section 13.8 and Section 13.9 of this Agreement to the same extent as if such Subcontractor
were such Servicing Party. Such Servicing Party shall obtain from each such Subcontractor (or, in the case of each Sub-Servicer
set forth on Exhibit V, shall use commercially reasonable efforts to obtain from such Sub-Servicer) and deliver to the
applicable Persons any assessment of compliance report and related accountant’s attestation required to be delivered by
such Subcontractor under Section 13.8 and Section 13.9 of this Agreement, in each case, as and when required to
be delivered.


 


(c)       For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding the foregoing,
if a Servicing Party engages a Subcontractor in connection with the performance of any of its duties under this Agreement, such
Servicing Party shall be responsible for determining whether such Subcontractor is a “servicer” within the meaning
of Item 1101 of Regulation AB and whether such Subcontractor meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation
AB. If a Servicing Party determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer” within
the meaning of Item 1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB, then such
Subcontractor shall be deemed to be a Sub-Servicer for purposes of this Agreement, and the engagement of such Sub-Servicer shall
not be effective unless and until notice is given to the Depositor and the Certificate Administrator, as well as any Other Depositor
as to which the applicable Companion Loan is affected, of any such Sub-Servicer and Sub-servicing Agreement. No Sub-servicing
Agreement (other than such agreements set forth on Exhibit S hereto) shall be effective until five (5) Business Days after
such written notice is received by the Depositor, the Certificate Administrator and each such Other Depositor. Such


 






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notice shall
contain all information reasonably necessary, and in such form as may be necessary, to enable each Other Exchange Act Reporting
Party as to which the applicable Companion Loan is affected, to accurately and timely report the event under Item 6.02 of Form
8-K pursuant to the related Other Pooling and Servicing Agreement or otherwise (if such reports under the Exchange Act are required
to be filed under the Exchange Act).


 


(d)       For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, in connection with the
succession to the Trustee or Certificate Administrator under this Agreement by any Person (i) into which the Trustee or Certificate
Administrator may be merged or consolidated, or (ii) which may be appointed as a successor to the Trustee or Certificate Administrator,
the Trustee or Certificate Administrator, as applicable, shall notify the Depositor and each Other Depositor, at least ten (10)
Business Days prior to the effective date of such succession or appointment (or if such prior notice would be violative of applicable
law or any applicable confidentiality agreement, no later than the time required under Section 13.6 of this Agreement)
and shall furnish pursuant to Section 13.6 of this Agreement to each Other Depositor in writing and in form and substance
reasonably satisfactory to the Depositor and each Other Depositor, all information reasonably necessary for each Other Exchange
Act Reporting Party to accurately and timely report the event under Item 6.02 of Form 8-K pursuant to the related Other Pooling
and Servicing Agreement or otherwise (if such reports under the Exchange Act are required to be filed under the Exchange Act).


 


13.3.       Other
Securitization Trust’s Filing Obligations. For so long as any Other Securitization Trust is subject to the reporting
requirements of the Exchange Act, the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and
the Trustee shall (and shall cause (or, in the case of each Sub-Servicer set forth on Exhibit V, shall use commercially
reasonable efforts to cause) each Additional Servicer and Servicing Function Participant utilized thereby to) reasonably cooperate
with each Other Depositor in connection with the satisfaction of each Other Securitization Trust’s reporting requirements
under the Exchange Act.


 


13.4.       Form
10-D Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, within one Business Day after the related Distribution Date (using commercially reasonable efforts), but in no event later
than noon (New York City time) on the third Business Day after the related Distribution Date, (i) the parties as set forth on
Exhibit R to this Agreement, shall be required to provide to each Other Exchange Act Reporting Party and each Other Depositor
to which the particular Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes, to the extent a Servicing
Officer or Responsible Officer thereof has knowledge thereof (other than information required by Item 1117 of Regulation AB as
to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may be, or
any lawyer in the in-house legal department of such party), in EDGAR-compatible format (to the extent available to such party
in such format), or in such other format as otherwise agreed upon by each such Other Exchange Act Reporting Party, each such Other
Depositor and such parties, the form and substance of the Additional Form 10-D Disclosure, if applicable, and (ii) the parties
listed on Exhibit R to this Agreement shall include with such Additional Form 10-D Disclosure application to such party
and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit V, shall use commercially
reasonable efforts to cause such Sub-Servicer) and Subcontractor of such


 






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party to the extent required under Regulation AB to provide,
and if received, include, an Additional Disclosure Notification in the form attached as Exhibit U to this Agreement. The
Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed on Exhibit
R to this Agreement of their duties under this paragraph or proactively solicit or procure from such parties any Additional
Form 10-D Disclosure information.


 


13.5.       Form
10-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, no later than March 1, commencing in March 2019, (i) the parties listed on Exhibit S to this Agreement shall be required
to provide (and with respect to any Servicing Function Participant of such party (other than any party to this Agreement), shall
cause such Servicing Function Participant to provide) to each Other Exchange Act Reporting Party and each Other Depositor to which
the particular Additional Form 10-K Disclosure is relevant for Exchange Act Reporting purposes, to the extent a Servicing Officer
or a Responsible Officer, as the case may be, thereof has actual knowledge (other than information required by Item 1117 of Regulation
AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may
be, or any lawyer in the in house legal department of such party), in EDGAR compatible format (to the extent available to such
party in such format) or in such other format as otherwise agreed upon by each such Other Exchange Act Reporting Party, each such
Other Depositor and such providing parties, the form and substance of any Additional Form 10-K Disclosure described on Exhibit
S to this Agreement applicable to such party, and (ii) the parties listed on Exhibit S to this Agreement shall include
with such Additional Form 10-K Disclosure applicable to such party and shall cause each Sub-Servicer (or, in the case of each
Sub-Servicer set forth on Exhibit V, shall use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor
of such party to the extent required under Regulation AB to provide, and if received, include, an Additional Disclosure Notification
in the form attached as Exhibit U to this Agreement. The Certificate Administrator has no duty under this Agreement to
monitor or enforce the performance by the parties listed on Exhibit S to this Agreement of their duties under this paragraph
or proactively solicit or procure from such parties any Additional Form 10-K Disclosure information.


 


13.6.       Form
8-K Disclosure. For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, to the extent a Servicing Officer or Responsible Officer thereof has actual knowledge of such event (other than Item 1117
of Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as
the case may be, or any lawyer in the in-house legal department of such party), within one Business Day after the occurrence of
an event requiring disclosure on Form 8-K (each such event, a “Reportable Event”) (using commercially reasonable
efforts), but in no event later than the close of business (New York City time) on the second Business Day after the occurrence
of a Reportable Event, (i) the parties set forth on Exhibit T to this Agreement shall be required to provide (and (i) with
respect to any Servicing Function Participant of such party that is a Sub-Servicer set forth on Exhibit V, shall use commercially
reasonable efforts to cause such Servicing Function Participant to provide, and (ii) with respect to any other Servicing Function
Participant of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to provide)
to each Other Depositor and each Other Exchange Act Reporting Party to which the particular Form 8-K Disclosure Information is
relevant for Exchange Act reporting purposes, in EDGAR-compatible format (to


 






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the extent available to such party in such format)
or in such other format as otherwise agreed upon by each such Other Depositor, each such Other Exchange Act Reporting Party and
such providing parties, any Form 8-K Disclosure Information described on Exhibit T to this Agreement as applicable to such
party, if applicable, and (ii) the parties listed on Exhibit T to this Agreement shall include with such Form 8-K Disclosure
Information applicable to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit
V, shall use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required
under Regulation AB to provide, and if received, include, an Additional Disclosure Notification in the form attached hereto as
Exhibit U. The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the
parties listed on Exhibit T of their duties under this paragraph or proactively solicit or procure from such parties any
Form 8-K Disclosure Information.


 


13.7.       Annual
Compliance Statements. On or before March 1 of each year, commencing in 2019, each of the Servicer, the Special Servicer
(regardless of whether the Special Servicer has commenced special servicing of the Mortgage Loan) and, for so long as any Other
Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator and the Trustee
(provided, however, that the Trustee shall not be required to deliver an assessment of compliance with respect to
any period during which there was no Applicable Servicing Criteria applicable to it), at its own expense, shall furnish (and each
such party, (i) with respect to each Servicing Function Participant that is a Sub-Servicer set forth on Exhibit W with
which it has entered into a servicing relationship with respect to the Mortgage Loan, shall use commercially reasonable efforts
to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant of
such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each such Servicing
Function Participant and each of the Servicer, the Special Servicer and the Certificate Administrator, a “Certifying
Servicer”) to the Certificate Administrator (who shall post it to the Certificate Administrator’s Website pursuant
to Section 8.14(b)), the Trustee, the Depositor and the Companion Loan Holders (or, in the case of a Companion Loan that
is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), an Officer’s
Certificate stating, as to the signer thereof, that (A) a review of such Person’s activities during the preceding calendar
year or portion thereof and of such Person’s performance under this Agreement or the applicable sub-servicing agreement,
as applicable, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based
on such review, such Person has fulfilled all its obligations under this Agreement or the applicable sub-servicing agreement,
as applicable, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any
such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof.
For so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of each such Officer’s Certificate, the Depositor (and, in the case of a Companion Loan that is part of an Other Securitization
Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) may review each such Officer’s Certificate
and, if applicable, consult with the Certifying Servicer, as applicable, as to the nature of any failures by such Certifying Servicer,
respectively, or any related Servicing Function Participant with which the Servicer or the Special Servicer, as applicable, has
entered into a servicing relationship with respect to the Trust Loan or the Companion Loans in the fulfillment of any Certifying
Servicer’s obligations hereunder or under the applicable sub-servicing or primary servicing agreement. The


 






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obligations of
each Certifying Servicer under this Section apply to each such Certifying Servicer that serviced the Trust Loan or a Companion
Loan during the applicable period, whether or not the Certifying Servicer is acting in such capacity at the time such Officer’s
Certificate is required to be delivered. Copies of all Officer’s Certificates delivered pursuant to this Section 13.7
shall be made available to any Privileged Person by the Certificate Administrator by posting such compliance report to the
Certificate Administrator’s Website pursuant to Section 8.14(b).


 


13.8.       Annual
Reports on Assessment of Compliance with Servicing Criteria. (a) On or before March 1 of each year, commencing in 2019, the
Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced special servicing of the Mortgage Loan)
and, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Operating
Advisor, the Certificate Administrator and the Trustee (provided, however, that the Trustee shall not be required
to deliver an assessment of compliance with respect to any period during which there was no Applicable Servicing Criteria applicable
to it), each at its own expense, shall furnish (and each such party, (i) with respect to each Servicing Function Participant that
is a Sub-Servicer set forth on Exhibit V with which it has entered into a servicing relationship with respect to the Mortgage
Loan, shall use commercially reasonable efforts to cause such Servicing Function Participant to furnish, and (ii) with respect
to any other Servicing Function Participant of such party (other than any party to this Agreement), shall cause such Servicing
Function Participant to furnish) (each Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the
Trustee and any Servicing Function Participant, as the case may be, a “Reporting Servicer”) to the Certificate
Administrator and the 17g-5 Information Provider (who shall post it to the Certificate Administrator’s Website and the 17g-5
Information Provider’s Website, as applicable, pursuant to Section 8.14(b)) (and, with respect to the Special Servicer,
also to the Operating Advisor), the Trustee, the Depositor and the Companion Loan Holders (or, in the case of a Companion Loan
that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), a report
on an assessment of compliance with the Applicable Servicing Criteria substantially in the form of Exhibit X or such other
form provided by such Reporting Servicer that complies in all material respects with the requirements of Item 1122 of Regulation
AB, that contains (A) a statement by such Reporting Servicer of its responsibility for assessing compliance with the Applicable
Servicing Criteria, (B) a statement that, to the best of such Reporting Servicer’s knowledge, such Reporting Servicer used
the Servicing Criteria to assess compliance with the Applicable Servicing Criteria, (C) such Reporting Servicer’s assessment
of compliance with the Applicable Servicing Criteria as of the end of and for the preceding calendar year, including, if there
has been any material instance of noncompliance with the Applicable Servicing Criteria, a discussion of each such failure and
the nature and status thereof and (D) a statement that a registered public accounting firm that is a member of the American Institute
of Certified Public Accountants has issued an attestation report on such Reporting Servicer’s assessment of compliance with
the Applicable Servicing Criteria as of and for such period. Copies of all compliance reports delivered pursuant to this Section
13.8 shall be provided to any Certificateholder, upon the written request therefor and submission of an Investor Certification
in the form of Exhibit K-1, by the Certificate Administrator.


 


Each
such report shall be addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of
the applicable company, and shall address each of the Applicable Servicing Criteria. For so long as any Other Securitization Trust
is subject to


 






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the reporting requirements of the Exchange Act, promptly after receipt of each such report, the Depositor and each
Other Depositor may review each such report and, if applicable, consult with each Reporting Servicer as to the nature of any material
instance of noncompliance with the Applicable Servicing Criteria.


 


(b)       On
the Closing Date, the Servicer, the Special Servicer, the Operating Advisor, the Trustee and the Certificate Administrator each
acknowledge and agree that Exhibit L to this Agreement sets forth the Applicable Servicing Criteria for such party.


 


(c)       No
later than 30 days after the end of each fiscal year for the Trust, the Servicer, the Special Servicer and, for so long as any
Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator and the
Operating Advisor shall notify the Certificate Administrator, the Depositor, each Other Exchange Act Reporting Party and each
Other Depositor as to the name of each Servicing Function Participant utilized by it, in each case, and each such notice will
specify what specific Servicing Criteria will be addressed in the report on assessment of compliance prepared by such Servicing
Function Participant. When the Servicer, the Special Servicer and, for so long as any Other Securitization Trust is subject to
the reporting requirements of the Exchange Act, the Certificate Administrator and the Operating Advisor submit their assessments
pursuant to Section 13.8(a) of this Agreement, such parties, as applicable, will also at such time include the assessment
(and related attestation pursuant to Section 13.9) of each Servicing Function Participant engaged by it. The fiscal year
for the Trust shall be January 1 through and including December 31 of each calendar year.


 


(d)       In
the event the Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate Administrator and the Operating Advisor is terminated or resigns pursuant to the terms of
this Agreement, such party shall provide, and each such party shall cause (or, if the Servicing Function Participant is a Sub-Servicer
set forth on Exhibit V, shall use commercially reasonable efforts to cause) any Servicing Function Participant engaged
by it to provide (and the Servicer, the Special Servicer and the Certificate Administrator shall, with respect to any Servicing
Function Participant that resigns or is terminated under any applicable servicing agreement, cause such Servicing Function Participant
to provide) an annual assessment of compliance pursuant to this Section 13.8, coupled with an attestation as required in
Section 13.9 in respect of the period of time that the Servicer, the Special Servicer or, for so long as any Other Securitization
Trust is subject to the reporting requirements of the Exchange Act, the Certificate Administrator and the Operating Advisor was
subject to this Agreement or the period of time that the Servicing Function Participant was subject to such other servicing agreement.


 


13.9.       Annual
Independent Public Accountants’ Servicing Report.  On or before March 1 of each year, commencing in 2019, the Servicer,
the Special Servicer and, for so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, the Certificate Administrator, the Operating Advisor and the Trustee (provided, however, that the Trustee shall
not be required to deliver an assessment of compliance with respect to any period during which there was no Applicable Servicing
Criteria applicable to it), each at its own expense, shall cause (and each such party, (i) with respect to each Servicing Function
Participant that is a Sub-Servicer set forth on Exhibit V with which it has entered into a servicing


 






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relationship with
respect to the Mortgage Loan, shall use commercially reasonable efforts to cause such Servicing Function Participant to furnish,
and (ii) with respect to any other Servicing Function Participant of such party (other than any party to this Agreement), shall
cause such Servicing Function Participant to furnish) a registered public accounting firm (which may also render other services
to the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Trustee or the applicable Servicing
Function Participant, as the case may be) and that is a member of the American Institute of Certified Public Accountants to furnish
a report to the Certificate Administrator (who shall post it to the Certificate Administrator’s Website pursuant to Section
8.14(b)), the Depositor, the Companion Loan Holders (or, in the case of a Companion Loan that is part of an Other Securitization
Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) and the 17g-5 Information Provider (who shall post
it to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)), to the effect that (i) it has obtained
a representation regarding certain matters from the management of such Reporting Servicer, which includes an assessment from such
Reporting Servicer of its compliance with the Applicable Servicing Criteria and (ii) on the basis of an examination conducted
by such firm in accordance with standards for attestation engagements issued or adopted by the Public Company Accounting Oversight
Board, it is expressing an opinion as to whether such Reporting Servicer’s assessment of compliance with the Servicing Criteria
was fairly stated in all material respects, or it cannot express an overall opinion regarding such party’s assessment of
compliance with the Applicable Servicing Criteria. In the event that an overall opinion cannot be expressed, such registered public
accounting firm shall state in such report why it was unable to express such an opinion. Each accountant’s attestation report
required hereunder shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Act and the Exchange
Act. Such report must be available for general use and not contain restricted use language. Copies of all statements delivered
pursuant to this Section 13.9 shall be made available to any Privileged Person by the Certificate Administrator posting
such statement on the Certificate Administrator’s Website pursuant to Section 8.14(b).


 


For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, promptly after receipt
of such report from the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Trustee or any
Servicing Function Participant, the Depositor and each Other Depositor may review the report and, if applicable, consult with
the Servicer, the Special Servicer or, for so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, the Certificate Administrator, the Operating Advisor or the Trustee as to the nature of any defaults by the
Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Trustee or any Servicing Function Participant
with which it has entered into a servicing relationship with respect to the Trust Loan or any Companion Loan, as the case may
be, in the fulfillment of any of the Servicer’s, the Special Servicer’s, the Operating Advisor’s, the Certificate
Administrator’s, the Trustee’s or the applicable Servicing Function Participants’ obligations hereunder or under
the applicable sub-servicing agreement.


 


13.10.       Significant
Obligor.   With respect to any Property that secures a Companion Loan that the applicable Other Depositor has notified
the Servicer and Special Servicer in writing is a “significant obligor” (within the meaning of Item 1101(k) of Regulation
AB) (together with notification of the Relevant Distribution Date) with respect to an Other Securitization Trust that includes
such Companion Loan, to the extent that the Servicer is in


 






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receipt of the updated financial statements of such “significant obligor” for
any calendar quarter (other than the fourth calendar quarter of any calendar year) from the Borrower or Special Servicer, beginning
with the first calendar quarter following receipt of such notice from the Other Depositor, or the updated financial statements
of such “significant obligor” for any calendar year, beginning for the calendar year following such notice from the
Other Depositor, as applicable, the Servicer shall deliver to the Other Depositor, on or prior to the day that occurs two (2)
Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or seven (7) Business Days prior to the related
Significant Obligor NOI Yearly Filing Deadline, as applicable, (A) if such financial statement receipt occurs twelve (12) or more
Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or seventeen (17) or more Business Days prior
to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of the “significant
obligor”, together with the net operating income of such “significant obligor” for the applicable period as
calculated by the Servicer in accordance with CREFC® guidelines and (B) if such financial statement receipt occurs
less than twelve (12) Business Day prior to the related Significant Obligor NOI Quarterly Filing Deadline or less than seventeen
(17) Business Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements
of the “significant obligor”, together with the net operating income of such “significant obligor” for
the applicable period as reported by the Borrower in such financial statements.


 


If
the Servicer does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1) of Form
10-K, as the case may be, of such “significant obligor” within ten (10) Business Days after the date such financial
information is required to be delivered under the Mortgage Loan Documents, the Servicer shall notify the Other Depositor with
respect to such Other Securitization Trust that includes the related Companion Loan (and shall cause each applicable sub-servicing
agreement to require any related Sub-Servicer to notify such Other Depositor) that it has not received such financial information.
The Servicer shall use efforts consistent with Accepted Servicing Practices (taking into account, in addition, the ongoing reporting
obligations of such Other Depositor under the Exchange Act) to obtain the periodic financial statements of the Borrower under
the Mortgage Loan Documents.


 


The
Servicer shall (and shall cause each applicable sub-servicing agreement entered into after receipt of written notice from the
Other Depositor that such Companion Loan is a significant obligor to require any related Sub-Servicer to) retain written evidence
of each instance in which it (or a Sub-Servicer) attempts to contact the Borrower related to any such “significant obligor”
(identified to it as such by the Other Depositor in accordance with the second preceding paragraph) to obtain the required financial
information and is unsuccessful and, within five (5) Business Days prior to the date in which a Form 10-D or Form 10-K, as applicable,
is required to be filed by the Other Securitization Trust, shall forward an Officer’s Certificate evidencing its attempts
to obtain this information to the Other Exchange Act Reporting Party and Other Depositor related to such Other Securitization
Trust. This Officer’s Certificate should be addressed to the certificate administrator at its corporate trust office, as
specified in the related Other Pooling and Servicing Agreement.


 


13.11.       Sarbanes-Oxley
Backup Certification.   For so long as any Other Securitization Trust is subject to the reporting requirements of the
Exchange Act, the Certificate Administrator, the Servicer, the Special Servicer, the Operating Advisor and the Trustee shall


 






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provide
(and with respect to any other Servicing Function Participant of such party, shall cause such Servicing Function Participant to
provide) to the Person who signs the Sarbanes-Oxley Certification with respect to such Other Securitization Trust (the “Certifying
Person”) no later than March 1 of the year following the year to which the Form 10-K of such Other Securitization Trust
relates or, if March 1 is not a Business Day, on the immediately following Business Day, a certification in the form attached
to this Agreement as Exhibit Y-1, Exhibit Y-2, Exhibit Y-3, Exhibit Y-4 and Exhibit Y-5, as applicable,
on which the Certifying Person, the entity for which the Certifying Person acts as an officer, and such entity’s officers,
directors and Affiliates (collectively with the Certifying Person, “Certification Parties”) can reasonably
rely. In the event any Reporting Servicer is terminated or resigns pursuant to the terms of this Agreement, or any applicable
sub-servicing agreement or primary servicing agreement, as the case may be, such Reporting Servicer shall provide a certification
to the Certifying Person pursuant to this Section 13.11 with respect to the period of time it was subject to this Agreement
or the applicable sub-servicing or primary servicing agreement, as the case may be.


 


13.12.       Indemnification.   
For so long as the other Trust is subject to the reporting requirements of the Exchange Act, each of the Servicer, the Special
Servicer, the Operating Advisor, the Certificate Administrator and the Trustee shall indemnify and hold harmless the Depositor,
each Other Depositor and any employee, director or officer of the Depositor or any Other Depositor from and against any claims,
losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses
incurred by such indemnified party arising out of (i) an actual breach by the Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator or the Trustee, as the case may be, of its obligations under this Article 13, (ii) negligence, bad
faith or willful misconduct on the part of the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator
or the Trustee, as applicable, in the performance of such obligations or (iii) delivery of any Deficient Exchange Act Deliverable
regarding such party and delivered by or on behalf of such party.


 


The
Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee shall cause each Servicing
Function Participant of such party that is not a Sub-Servicer set forth on Exhibit V (and with respect to any Servicing
Function Participant of such party that is a Sub-Servicer set forth on Exhibit V, shall use commercially reasonable efforts
to cause such Servicing Function Participant) to indemnify and hold harmless the Depositor, each Other Depositor and any employee,
director or officer of the Depositor or any Other Depositor from and against any and all claims, losses, damages, penalties, fines,
forfeitures, legal fees and expenses and related costs, judgments and any other costs, fees and expenses incurred by such indemnified
party arising out of (i) a breach of its obligations to provide any of the annual compliance statements or annual servicing criteria
compliance reports or attestation reports pursuant to the applicable sub-servicing agreement, (ii) negligence, bad faith or willful
misconduct its part in the performance of such obligations, (iii) any failure by a Servicing Party (as defined in Section 13.2(b))
to identify a Servicing Function Participant pursuant to Section 13.2(b) or (iv) delivery of any Deficient Exchange Act
Deliverable regarding such party and delivered by or on behalf of such party.


 


If
the indemnification provided for in, or contemplated by, either of the prior two paragraphs is unavailable or insufficient to
hold harmless the Depositor, any Other Depositor or any employee, director or officer of the Depositor or any Other Depositor,
then the Servicer, the


 



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Special Servicer, the Operating Advisor, the Certificate Administrator, the Trustee, the Additional Servicer
or other Servicing Function Participant (the “Performing Party”) shall contribute to the amount paid or payable
to the indemnified party as a result of the losses, claims, damages or liabilities of the indemnified party in such proportion
as is appropriate to reflect the relative fault of the indemnified party on the one hand and the Performing Party on the other
in connection with a breach of the Performing Party’s obligations pursuant to this Article 13 (or breach of its obligations
under the applicable sub-servicing agreement to provide any of the annual compliance statements or annual servicing criteria compliance
reports or attestation reports) or the Performing Party’s negligence, bad faith or willful misconduct in connection therewith.


 


The
Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee shall cause each Servicing
Function Participant of such party that is not a Sub-Servicer set forth on Exhibit V (and with respect to any Servicing
Function Participant of such party that is a Sub-Servicer set forth on Exhibit V, shall use commercially reasonable efforts
to cause such Servicing Function Participant) to agree to the foregoing indemnification and contribution obligations. This Section
13.12 shall survive the termination of this Agreement or the earlier resignation or removal of the Servicer, the Special Servicer,
the Operating Advisor or the Certificate Administrator.


 


13.13.       Amendments.  
This Article 13 may be amended by the parties hereto pursuant to Section 11.1 of this Agreement for purposes of
complying with Regulation AB, the Act or the Exchange Act and/or to conform to standards developed within the commercial mortgage-backed
securities market and the Sarbanes-Oxley Act without any Opinions of Counsel, Officer’s Certificates, Rating Agency Confirmations
or the consent of any Certificateholder, notwithstanding anything to the contrary contained in this Agreement.


 


13.14.       Termination
of the Certificate Administrator.    Notwithstanding anything to the contrary contained in this Agreement, the Depositor
or any Other Depositor may terminate the Certificate Administrator upon five Business Days’ notice if the Certificate Administrator
fails to comply with any of its obligations under this Article 13; provided that such termination shall not be effective
until a successor Certificate Administrator shall have accepted the appointment.


 


13.15.       Termination
of Sub-Servicing Agreements.    For so long as any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, each of the Servicer, the Certificate Administrator and the Trustee, as applicable, shall (i) cause each
sub-servicing agreement to which it is a party to entitle the Depositor or any Other Depositor to terminate such agreement (without
compensation, termination fee or the consent of any other Person) at any time following any failure of the applicable Sub-Servicer
to any deliver any Exchange Act reporting items that such Sub-Servicer is required to deliver under Regulation AB or as otherwise
contemplated by this Article 13 and (ii) promptly notify the Depositor and any Other Depositor following any failure of
the applicable Sub-Servicer to deliver any Exchange Act reporting items that such Sub-Servicer is required to deliver under Regulation
AB or as otherwise contemplated by this Article 13. The Depositor and any Other Depositor is hereby authorized to exercise
the rights described in clause (i) of the preceding sentence in its sole discretion. The rights of the Depositor and any
Other Depositor to terminate a sub-servicing


 



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agreement as aforesaid shall not limit any right the Servicer, the Certificate Administrator
or the Trustee, as applicable, may have to terminate such sub-servicing agreement.


 


13.16.       Notification
Requirements and Deliveries in Connection with Securitization of a Companion Loan. (a) Any other provision of this
Article 13 to the contrary notwithstanding, including, without limitation, any deadlines for delivery set forth in this
Article 13, in connection with the requirements contained in this Article 13 that provide for the delivery of information
and other items to, and the cooperation with, the Other Depositor and Other Exchange Act Reporting Party of any Other Securitization
Trust that includes a Companion Loan, no party hereunder shall be obligated to provide any such items to or cooperate with such
Other Depositor or Other Exchange Act Reporting Party (i) until the Other Depositor or Other Exchange Act Reporting Party of such
Other Securitization Trust has provided each party hereto with not less than 30 days written notice (which shall only be required
to be delivered once and each party shall be entitled to rely on such notice), setting forth the contact information for such
Person(s) and, except as regards the deliveries and cooperation contemplated by Section 13.7, Section 13.8 and Section
13.9 of this Agreement, stating that such Other Securitization Trust is subject to the reporting requirements of the Exchange
Act, and (ii) specifying in reasonable detail the information and other items not otherwise specified in this Agreement that are
requested to be delivered; provided that if Exchange Act reporting is being requested, such Other Depositor or Other Exchange
Act Reporting Party is only required to provide a single written notice to such effect. Any reasonable cost and expense of the
Servicer, Special Servicer, Trustee and Certificate Administrator in cooperating with such Other Depositor or Other Exchange Act
Reporting Party of such Other Securitization Trust (above and beyond their expressed duties hereunder) shall be the responsibility
of such Other Depositor or Other Securitization Trust. The parties hereto shall have the right to confirm in good faith with the
Other Depositor of such Other Securitization Trust as to whether applicable law requires the delivery of the items identified
in this Article 13 to such Other Depositor and Other Exchange Act Reporting Party of such Other Securitization Trust prior
to providing any of the reports or other information required to be delivered under this Article 13 in connection therewith
and (i) upon such confirmation, the parties shall comply with the deadlines for delivery set forth in this Article 13 with
respect to such Other Securitization Trust or (ii) in the absence of such confirmation, the parties shall not be required to deliver
such items; provided that no such confirmation shall be required in connection with any delivery of the items contemplated
by Section 13.7, Section 13.8 and Section 13.9 of this Agreement. Such confirmation shall be deemed given
if the Other Depositor or Other Exchange Act Reporting Party for the Other Securitization Trust provides a written statement to
the effect that the Other Securitization Trust is subject to the reporting requirements of the Exchange Act and the appropriate
party hereto receives such written statement. The parties hereunder shall also have the right to require that such Other Depositor
provide them with the contact details of such Other Depositor, Other Exchange Act Reporting Party and any other parties to the
Other Pooling and Servicing Agreement relating to such Other Securitization Trust.


 


(b)       Each
of the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee shall, upon reasonable
prior written request given in accordance with the terms of Section 13.16(a) above, and subject to a right of the Servicer,
Special Servicer, the Operating Advisor, the Certificate Administrator or Trustee, as the case may be, to review and approve such
disclosure materials, permit the Companion Loan Holders to


 



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use such party’s description contained in the Offering Circular
(updated as appropriate by the Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee,
as applicable, at the reasonable cost of the Other Depositor) for inclusion in the disclosure materials relating to any securitization
of a Companion Loan.


 


(c)       The
Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee, upon reasonable prior written
request given in accordance with the terms of Section 13.16(a) above, shall each timely provide (to the extent the reasonable
cost thereof is paid or caused to be paid by the requesting party) to the Other Depositor and any underwriters with respect to
any securitization transaction that includes a Companion Loan such Opinion(s) of Counsel, certifications and/or indemnification
agreement(s) with respect to the updated description referred in Section 13.16(b) with respect to such party, substantially
identical to those, if any, delivered by the Servicer, the Special Servicer, the Operating Advisor, the Trustee or the Certificate
Administrator, as the case may be, or their respective counsel, in connection with the information concerning such party in the
Offering Circular and/or any other disclosure materials relating to this Trust (updated as deemed appropriate by the Servicer,
the Special Servicer, the Operating Advisor, the Trustee or the Certificate Administrator, or their respective legal counsel,
as the case may be, and sufficient to comply with Regulation AB). None of the Servicer, the Special Servicer, the Operating Advisor,
the Trustee or the Certificate Administrator shall be obligated to deliver any such item with respect to the securitization of
a Companion Loan if it did not deliver a corresponding item with respect to this Trust.


 


[SIGNATURE
PAGE FOLLOWS]


 




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IN
WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized
as of the day and year first above written.


 





	 	J.P.
    MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
	 	 	 
	 	By:	/s/ Brennan
    Woods
	 	 	Name: Brennan Woods
	 	 	Title:   Vice President
	 	 	 
	 	KEYBANK
    NATIONAL ASSOCIATION

(Servicer)
	 	 	 
	 	By:	/s/ Michael
    A. Tilden
	 	 	Name: Michael A. Tilden
	 	 	Title:   Vice President
	 	 	 
	 	KEYBANK
    NATIONAL ASSOCIATIO

 (Special Servicer)
	 	 	 
	 	By:	/s/ Michael
    A. Tilden
	 	 	Name: Michael A. Tilden
	 	 	Title:   Vice President
	 	 	 
	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION, as

(Certificate Administrator)
	 	 	 
	 	By:	/s/ Anna
    M. Lopez
	 	 	Name: Anna M. Lopez
	 	 	Title:   Vice President




 


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	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as Trustee
	 	 	 
	 	By:	/s/
    Anna M. Lopez 
	 	 	Name: Anna M. Lopez
	 	 	Title:   Vice President
	 	 	 
	 	PARK BRIDGE LENDER SERVICES LLC,
    as Operating Advisor
	 	 	 
	 	By:
    Park Bridge Advisors LLC, a New York limited liability company, its sole     member
	 	 
	 	 	By:	Park Bridge Financial LLC,
    a New York limited liability company, its sole member
	 	 	 	 
	 	By:	/s/
    Robert J. Spinna, Jr. 
	 	 	Name: Robert J. Spinna, Jr.
	 	 	Title:   Managing
    Member




 


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	STATE OF New York	)	 	 
	 	)	ss:	 
	COUNTY OF New York	)	 	 




 


On
this 25 day of July 2018, before me, the undersigned, a Notary Public in and for the State of New York, duly commissioned
and sworn, personally appeared Brennan Woods, to me known who, by me duly sworn, did depose and acknowledge before me and say
that s/he offices at J.P. Morgan; and that s/he is the VP of J.P. Morgan Chase Commercial Mortgage Securities Corp., a
Delaware corporation, the entity described in and that executed the foregoing instrument; and that s/he signed her/his name
thereto under authority of the board of directors of said entity and on behalf of such entity.


 


WITNESS
my hand and seal hereto affixed the day and year first above written.


 





	Thomas
                                         A. DeBlasio 



	 	/s/
    Thomas A. DeBlasio 
	Notary
    Public, State of New York	 	NOTARY PUBLIC in
    and for the
	Qualified in New
    York County

	 	State of New York
	No. 01DE6355030

	 	 
	My Commission Expires
    February 27, 2021

	 	 



 


	[SEAL]	 	 
	 	 	 
	My Commission expires:	 	 
	 	 	 


 


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	STATE OF KANSAS	)
	 	)        ss.:
	COUNTY OF JOHNSON	)


 


On
this 25th day of July 2018, before me, the undersigned, a Notary Public in and for the State of Kansas, duly
commissioned and sworn, personally appeared Michael A. Tilden, to me known who, by me duly sworn, did depose and acknowledge
before me and say that he/she is  a Vice president of KeyBank National Association, a national
banking association, the entity described in and that executed the foregoing instrument; and that s/he signed her/his name
thereto under authority of said entity and on behalf of such entity.


 


WITNES my hand and seal hereto affixed the day and year first above written.


 





	 	 	/s/
    Julie A Heese
	 	 	NOTARY PUBLIC in
    and for the
	 	 	State of Kansas


 


	[SEAL]	 	 
	 	 	 
	My commission expires:	 	 
	9/22/2019	 	 


 





	 	 	JULIE
    A HEESE
	 	 	Notary Public
	 	 	State of Kansas
	 	 	My Commission Expires
    9/22/2019



 


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	STATE OF KANSAS	)
	 	)        ss.:
	COUNTY OF JOHNSON	)


 


On
this 25th day of July 2018, before me, the undersigned, a Notary Public in and for the State of Kansas, duly
commissioned and sworn, personally appeared Michael A. Tilden, to me known who, by me duly sworn, did depose and acknowledge
before me and say that he/she is a Vice President of KeyBank National Association, a national banking association, the
entity described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.


 


WITNES
my hand and seal hereto affixed the day and year first above written.


 





	 	 	/s/
    Julie A Heese
	 	 	NOTARY PUBLIC in
    and for the
	 	 	State of Kansas


 





	[SEAL]	 	 
	 	 	 
	My commission expires:	 	 
	9/22/2019	 	 


 





	 	 	JULIE
    A HEESE
	 	 	Notary Public
	 	 	State of Kansas
	 	 	My Commission Expires
    9/22/2019


 


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	STATE OF MARYLAND	)
	 	)        ss:
	COUNTY OF HOWARD	)


 


On
this 25th day of July 2018, before me, the undersigned, a Notary Public in and for the State of Maryland, duly commissioned and
sworn, personally appeared Anna M. Lopez, to me known who, by me duly sworn, did depose and acknowledge before me and say that
s/he is the Vice President of Wells Fargo Bank, National Association, a national banking association, the entity described in
and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of the board of directors
of said entity and on behalf of such entity.


 


WITNESS
my hand and seal hereto affixed the day and year first above written.


 





	 	 	/s/Andrew
    Crews
	 	 	NOTARY PUBLIC in
    and for the
	 	 	State of Maryland
	 	 	 
	 	 	ANDREW CREWS
	 	 	MY COMMISSION EXPIRES
	 	 	NOTARY
	 	 	PUBLIC
	 	 	OCTOBER 27, 2021
	 	 	CECIL COUNTY, MD



 


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	STATE OF MARYLAND	)
	 	)        ss:
	COUNTY OF HOWARD	)


 


On
this 25th day of July 2018, before me, the undersigned, a Notary Public in and for the State of Maryland, duly
commissioned and sworn, personally appeared Anna M. Lopez, to me known who, by me duly sworn, did depose and acknowledge
before me and say that s/he is the Vice President of Wells Fargo Bank, National Association, a national banking association, the entity described in and that executed the
foregoing instrument; and that s/he signed her/his name thereto under authority of the board of directors of said entity and
on behalf of such entity.


 


WITNESS
my hand and seal hereto affixed the day and year first above written.


 





	 	 	/s/Andrew
    Crews
	 	 	NOTARY PUBLIC in
    and for the
	 	 	State of Maryland
	 	 	 
	 	 	ANDREW CREWS
	 	 	MY COMMISSION EXPIRES
	 	 	NOTARY
	 	 	PUBLIC
	 	 	OCTOBER 27, 2021
	 	 	CECIL COUNTY, MD


 


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	STATE OF New York	)	 	 
	 	)	ss:	 
	COUNTY OF New York	)	 	 




 


On
this 25th day of July 2018, before me, the undersigned, a Notary Public in and for the State of New York, duly
commissioned and sworn, personally appeared Robert Spinna, to me known who, by me duly sworn, did depose and acknowledge
before me that he is Managing Member of Park Bridge Financial LLC, which is the sole member of Park Bridge Advisors LLC,
which in turn is the sole member of Park Bridge Lender Services LLC, the entity described in and that executed the foregoing
instrument; and that he signed his name thereto under authority of said entity and on behalf of such entity.


 


WITNESS
my hand and seal hereto affixed the day and year first above written.


 





	 	 	/s/
    Niaja Williams Mowatt
	 	 	NOTARY PUBLIC in
    and for the
	 	 	State
of NY


 


	[SEAL]	 	 
	 	 	 
	My Commission expires:	 	 
	3/31/20	 	 


 


 


	 	 	NIAJA WILLIAMS MOWATT
	 	 	Notary Public - State of New York
	 	 	NO. 01W16184241
	 	 	Qualified In Suffolk County
	 	 	My Commission Expires 3/31/20



  






     


     


    

 




EXECUTION
VERSION


 


EXHIBIT
A-1


 


FORM
OF CLASS A CERTIFICATES


 


CLASS
A


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 




 


1       Temporary
Regulation S Global Certificate legend.


 


2       Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.


 


3       Global
Certificate legend.




 






    Exhibit A-1-1


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS


 






    Exhibit A-1-2


     


    

 


CERTIFICATE,
UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES
AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES
BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE
CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW). 


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-1-3


     


    

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS A


 


	Pass-Through
    Rate: [LIBOR + 0.9500%][4.2475%]4	 
	 	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	 	 
	Aggregate
    Initial Certificate Balance of the Class A Certificates: $[92,400,000][233,900,000]	Initial
    Certificate Balance of this

    Certificate: $[______][QIB]

                        $[______][Reg
    S]
	 	 
	[Class
                                     A-FL]

         

        CUSIP:
        [U48087AA5]

        ISIN: [USU48087AA55]

        Common Code: [184775794]5

        No.: A-FL-[1]

         
	CUSIP:
                                         [46645WAA1]

                                         ISIN: [US46645WAA18]

                                         Common Code: [184775816]6

         

	[Class
                                     A-FX]

         

        CUSIP:
        [U48087AK3]

        ISIN: [USU48087AK38]

        Common Code: [184775603]5

        No.: A-FX-[1]

        
	 

                                                           

                                                          CUSIP:
                                         [46645WAU7]

                                         ISIN: [US46645WAU71]

                                         Common Code: [184775590]6

         



 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class A [-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the [Class A-FL][Class A-FX], Class X, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class HRR
and Class R Certificates (collectively with the Class A [-FL][-FX] Certificates, the “Certificates”).


 





 




 


4       Subject
to change in accordance with the Trust and Servicing Agreement.


 


5       For
Regulation S Global Certificate only.


 


6       For
Certificate sold in reliance on Rule 144A only.




 


 






    Exhibit A-1-4


     


    

 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class A-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class A-FX Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class A [-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 






    Exhibit A-1-5


     


    

 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust
created by the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor
of the descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date
of execution of the Trust and Servicing Agreement.


 



    Exhibit A-1-6


     


    




 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-1-7


     


    

 




IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class A Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-1-8


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or

    Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange
    or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or
    Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate

    Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following

    Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-1-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-1-10


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The
Assignee(s) should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-1-11


     


    


 





EXHIBIT
A-2


 


FORM
OF CLASS X-FL CERTIFICATES


 


CLASS
X-FL


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


[THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 


 




 





1       Temporary
Regulation S Global Certificate legend.


 


2       Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.


 


3       Global
Certificate legend.



 






    Exhibit A-3-1


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.]


 


THE
NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS
A-FL, CLASS B-FL, CLASS C-FL AND CLASS D-FL CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS X-FL CERTIFICATE WILL NOT BE ENTITLED TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER


 






    Exhibit A-3-2


     


    

 


PLAN
THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA
OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION
D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION
OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA
OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-3-3


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS X-FL


 


	Pass-Through
    Rate: Variable IO4	 
	First
    Distribution Date: August 7, 2018	 
	Aggregate
    Initial Notional Amount of the Class X-FL Certificates: $154,660,000	Rated
    Final Distribution Date:

    July 2033
	 

                                     CUSIP:
                                     [U48087AE7]

                                     ISIN: [USU48087AE77]

                                     Common Code: [184775719]5

         
	Initial
    Notional Amount of this

    Certificate: $[______][QIB]

                        $[______][Reg
    S]
	CUSIP:
                                     [46645WAJ2]

                                     ISIN: [US46645WAJ27]

                                     Common Code: [184775751]6 

        No.:
        X-FL-[1]

         
	 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class X-FL Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X (in addition to the Class X-FL Certificates), Class B, Class C, Class D, Class E, Class F,
Class G, Class H, Class HRR and Class R Certificates (collectively with the Class X-FL Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National


 





 




 


4
       The Class X-FL Pass-Through Rate for any Certificate Interest Accrual Period is
variable and will equal the weighted average of the Class X Strip Rate for each of the Class A-FL, Class B-FL, Class C-FL and
Class D-FL Certificates (weighted on the basis of the Certificate Balances of such Classes outstanding immediately prior to such
related Distribution Date).


 


5
       For Regulation S Global Certificate only.


 


6
       For Certificate sold in reliance on Rule 144A only.



 






    Exhibit A-3-4


     


    

 


Association,
as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined
herein, capitalized terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which will be the Business Day immediately
preceding such Distribution Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest
represented by this Certificate) of that portion of the aggregate amount of interest and any prepayment premiums then distributable,
if any, allocable to the Class X-FL Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other


 






    Exhibit A-3-5


     


    

 


purposes
whatsoever, and none of the Trustee, the Certificate Administrator, the Operating Advisor, the Servicer, the Special Servicer,
the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or
the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date to the
Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 






    Exhibit A-3-6


     


    

 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-3-7


     


    

 




 




IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class X-FL Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-3-8


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:




 


	Date
                                         of Exchange 



	 	 	 	Notional
                                         Amount Prior to Exchange or Payment






	 	 	 	Notional
                                         Amount Exchanged






	 	 	 	Type
    of
 Certificate

    Exchanged
 for	 	 	 	Remaining
                                         Notional Amount Following Such Exchange






	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-3-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-3-10


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The
Assignee(s) should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-3-11


     


    


  


FORM
OF CLASS XA-FX CERTIFICATES


 


CLASS
XA-FX


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]7


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]8


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]9


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5
INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST


 





 




 


7
       Temporary Regulation S Global Certificate legend.


 


8
       Legend required as long as DTC is the Depository under the Trust and Servicing
Agreement.


 


9
       Global Certificate legend.



 






    Exhibit A-3-12


     


    

 


LOAN
SELLER OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


THE
NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS A-FX
CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET
FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS XA-FX CERTIFICATE WILL NOT BE ENTITLED TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF


 






    Exhibit A-3-13


     


    

 


OF
ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a)(1) OF REGULATION D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B)
THE ACQUISITION, HOLDING AND DISPOSITION OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
PROHIBITED TRANSACTION UNDER ERISA OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-3-14


     


    

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS XA-FX


 


	Pass-Through
    Rate: Variable IO10	 
	First
    Distribution Date: August 7, 2018	 
	Aggregate
    Initial Notional Amount of the Class XA-FX Certificates: $233,900,000	Rated
    Final Distribution Date:

    July 2033
	 

                                     CUSIP:
                                     [U48087AL1]

                                     ISIN: [USU48087AL11]

                                     Common Code: [184775565]11

         
	Initial
    Notional Amount of this

    Certificate: $[______][QIB]

                        $[______][Reg
    S]
	CUSIP: [46645WAW3]

    ISIN: [US46645WAW38]

    Common Code: [184775611]12

    No.: XA-FX-[1]	 


 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class XA-FX Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X (in addition to the Class XA-FX Certificates), Class B, Class C, Class D, Class E, Class F,
Class G, Class H, Class HRR and Class R Certificates (collectively with the Class XA-FX Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC,


 





 




 


10
       The Class XA-FX Pass-Through Rate for any Certificate Interest Accrual Period
is variable and for each Distribution Date will equal the Class X Strip Rate for the Class A-FX Certificates for such Distribution
Date.


 


11
       For Regulation S Global Certificate only.


 


12
       For Certificate sold in reliance on Rule 144A only.




 






    Exhibit A-3-15


     


    

 


as
Operating Advisor. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned thereto in
the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which will be the close of business on the
last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that portion
of the aggregate amount of interest and any prepayment premiums then distributable, if any, allocable to the Class XA-FX Certificates
for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other


 






    Exhibit A-3-16


     


    

 


purposes
whatsoever, and none of the Trustee, the Certificate Administrator, the Operating Advisor, the Servicer, the Special Servicer,
the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or
the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 






    Exhibit A-3-17


     


    

 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-3-18


     


    

 


 




IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class XA-FX Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-3-19


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 





The
exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:




 


	Date
                                         of Exchange 



	 	 	 	Notional
                                         Amount Prior to Exchange or Payment






	 	 	 	Notional
                                         Amount Exchanged






	 	 	 	Type
    of
 Certificate

    Exchanged

    for	 	 	 	Remaining
                                         Notional Amount Following Such Exchange






	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-3-20


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-3-21


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The
Assignee(s) should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-3-22


     


    


 





FORM
OF CLASS XB-FX CERTIFICATES


 


CLASS
XB-FX


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]13


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]14


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]15


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5
INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST


 





 




 





13      Temporary
Regulation S Global Certificate legend.


 


14      Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.


 


15      Global
Certificate legend. 







 






    Exhibit A-3-23


     


    

 


LOAN
SELLER OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED
BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


THE
NOTIONAL AMOUNT OF THIS CERTIFICATE WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE AGGREGATE CERTIFICATE BALANCE OF THE
CLASS B-FX, CLASS C-FX AND CLASS D-FX CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS
THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS XB-FX CERTIFICATE WILL NOT BE ENTITLED TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF


 






    Exhibit A-3-24


     


    

 


ERISA
OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION
D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION
OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA
OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-3-25


     


    

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS XB-FX


 


	Pass-Through
    Rate: Variable IO16	 
	First
    Distribution Date: August 7, 2018	 
	Aggregate
    Initial Notional Amount of the Class XB-FX Certificates: $214,740,000	Rated
    Final Distribution Date:

    July 2033
	 

                                     CUSIP:
                                     [U48087AM9]

                                     ISIN: [USU48087AM93]

                                     Common Code: [184775581]17

         
	Initial
    Notional Amount of this

    Certificate: $[______][QIB]

                        $[______][Reg
    S]
	CUSIP:
                                     [46645WAY9]

                                     ISIN: [US46645WAY93]

                                     Common Code: [184775573]18 

        No.:
        XB-FX-[1]

         
	 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class XB-FX Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X (in addition to the Class XB-FX Certificates), Class B, Class C, Class D, Class E, Class F,
Class G, Class H, Class HRR and Class R Certificates (collectively with the Class XB-FX Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National


 





 




 


16
       The Class XB-FX Pass-Through Rate for any Certificate Interest Accrual Period
is variable and for each Distribution Date will equal the weighted average of the Class X Strip Rates for the Class B FX, Class
C FX and Class D FX Certificates (weighted on the basis of the Certificate Balances of such Classes outstanding immediately prior
to such related Distribution Date).


 


17
       For Regulation S Global Certificate only.


 


18
       For Certificate sold in reliance on Rule 144A only.




 






    Exhibit A-3-26


     


    

 


Association,
as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined
herein, capitalized terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which will be the close of business on the
last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that portion
of the aggregate amount of interest and any prepayment premiums then distributable, if any, allocable to the Class XB-FX Certificates
for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of


 






    Exhibit A-3-27


     


    

 


receiving
distributions as provided in the Trust and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee,
the Certificate Administrator, the Operating Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent
of the Trustee, the Certificate Administrator, the Servicer, the Special Servicer or the Certificate Registrar shall be affected
by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 






    Exhibit A-3-28


     


    

 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-3-29


     


    

 




 




IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class XB-FX Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-3-30


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or

    Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange
    or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or
    Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate

    Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following

    Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-3-31


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-3-32


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The
Assignee(s) should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-3-33


     


    


 





EXHIBIT
A-3


 


FORM
OF CLASS B CERTIFICATES


 


CLASS
B


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 









 


1       Temporary
Regulation S Global Certificate legend.


 


2       Legend
required as long as DTC is the Depository under the Trust and Servicing Agreement.


 


3
       Global Certificate legend.



 






    Exhibit A-3-1


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS B CERTIFICATE IS SUBORDINATED TO THE CLASS A AND CLASS X CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING
AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER


 






    Exhibit A-3-2


     


    

 


PLAN
THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA
OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION
D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION
OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA
OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-3-3


     


    

J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS B


 


	Pass-Through
    Rate: [LIBOR + 1.2500%][4.5487%]4	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	Aggregate
    Initial Certificate Balance of the Class B Certificates: $[23,400,000][59,300,000]	Initial
    Certificate Balance of this

    Certificate: $[______][QIB]

                        $[______][Reg
    S]
	[Class
                                     B-FL]

         

        CUSIP:
        [U48087AB3]

        ISIN: [USU48087AB39]

        Common Code: [184775778]5

        No.: B-FL-[1]

         
	 

                                                           

                                                          CUSIP:
                                         [46645WAC7]

                                         ISIN: [US46645WAC73]

                                         Common Code: [184775808]6

                                         


         

	[Class
                                     B-FX]

         

        CUSIP:
        [U48087AN7]

        ISIN: [USU48087AN76]

        Common Code: [184775522]5

        No.: B-FX-[1]

        


         
	 

                                                           

                                                          CUSIP:
                                         [46645WBA0]

                                         ISIN: [US46645WBA09]

                                         Common Code: [184775549]6

                                         


         



This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class B [-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, [Class B-FL][Class B-FX], Class C, Class D, Class E, Class F, Class G, Class H, Class HRR
and Class R Certificates (collectively with the Class B [-FL][-FX] Certificates, the “Certificates”).


 





 




 


4
       Subject to change in accordance with the Trust and Servicing Agreement.


 


5
       For Regulation S Global Certificate only.


 


6
       For Certificate sold in reliance on Rule 144A only.



 






    Exhibit A-3-4


     


    

 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class B-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class B-FX Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class B [-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 






    Exhibit A-3-5


     


    

 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 






    Exhibit A-3-6


     


    

 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-3-7


     


    

 


 




IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class B Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-3-8


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or

    Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange
    or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or
    Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate

    Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following

    Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-3-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-3-10


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The
Assignee(s) should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-3-11


     


    





 


EXHIBIT
A-4


 


FORM
OF CLASS C CERTIFICATES


 


CLASS
C


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 



 


		1	Temporary
                                         Regulation S Global Certificate legend.



 


		2	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		3	Global
                                         Certificate legend.



 



    Exhibit A-4-1 


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS C CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS X AND CLASS B CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE TRUST
AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER


 



    Exhibit A-4-2 


     


    

 


PLAN
THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA
OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION
D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION
OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA
OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-4-3 


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS C


 


	Pass-Through
    Rate: [LIBOR + 1.6500%][4.9498%]4	 
	 	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	 	 
	Aggregate
    Initial Certificate Balance of the Class C Certificates: $[19,020,000][76,080,000]	Initial
    Certificate Balance of this

    Certificate: $[______][QIB]

                       $[______][Reg
    S]
	 	 
	[Class
                                         C-FL]

         

        CUSIP:
[U48087AC1]

ISIN: [USU48087AC12]

Common Code: [184775786]5

No.: C-FL-[1] 
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WAE3]

                                         ISIN: [US46645WAE30]

                                         Common Code: [184775760]6

	 	 
	[Class
                                         C-FX]

         

        CUSIP:
        [U48087AP2]

        ISIN: [USU48087AP25]

        Common Code: [184775492]5

        No.: C-FX-[1]
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WBC6]

                                         ISIN: [US46645WBC64]

                                         Common Code: [184775557]6



 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class C [-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, Class B, [Class C-FL][Class C-FX], Class D, Class E, Class F, Class G, Class H, Class HRR
and Class R Certificates (collectively with the Class C [-FL][-FX] Certificates, the “Certificates”).


 





 



 





		4	Subject
                                         to change in accordance with the Trust and Servicing Agreement.



 


		5	For
                                         Regulation S Global Certificate only.



 


		6	For
                                         Certificate sold in reliance on Rule 144A only.



 






    Exhibit A-4-4 


     


    

 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class C-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class C-FX Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class C [-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 






    Exhibit A-4-5 


     


    

 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 






    Exhibit A-4-6 


     


    

 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-4-7 


     


    

 




 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class C Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-4-8 


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate
 Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-4-9 


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-4-10 


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The Assignee(s)
should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-4-11 


     


    


 





EXHIBIT
A-5


 


FORM
OF CLASS D CERTIFICATES


 


CLASS
D


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 






 


		1	Temporary
                                         Regulation S Global Certificate legend.



 


		2	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		3	Global
                                         Certificate legend.



 



    Exhibit A-5-1 


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS D CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS X, CLASS B AND CLASS C CERTIFICATES AS AND TO THE EXTENT SET FORTH IN
THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER


 



    Exhibit A-5-2 


     


    

 


PLAN
THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA
OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION
D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION
OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA
OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-5-3 


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS D


 


	Pass-Through
    Rate: [LIBOR + 2.2500%][5.3503%]4	 
	 	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	 	 
	Aggregate
    Initial Certificate Balance of the Class D Certificates: $[19,840,000][79,360,000]	Initial
Certificate Balance of this

Certificate: $[______][QIB]

                   $[______][Reg
S]
	 	 
	[Class
                                         D-FL]

         

        CUSIP:
        [U48087AD9]

        ISIN: [USU48087AD94]

        Common Code: [184775735]5

        No.: D-FL-[1] 
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WAG8]

                                         ISIN: [US46645WAG87]

                                         Common Code: [184775743]6

         

	 	 
	[Class
                                         D-FX]

         

        CUSIP:
        [U48087AQ0]

        ISIN: [USU48087AQ08]

        Common Code: 184775514]5

        No.: D-FX-[1]
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WBE2]

                                         ISIN: [US46645WBE21]

                                         Common Code: [184775506]6

         



 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class D [-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, Class B, Class C, [Class D-FL][Class D-FX], Class E, Class F, Class G, Class H, Class HRR
and Class R Certificates (collectively with the Class D [-FL][-FX]Certificates, the “Certificates”).


 





 






 


		4	Subject
                                         to change in accordance with the Trust and Servicing Agreement.



 


		5	For
                                         Regulation S Global Certificate only.



 


		6	For
                                         Certificate sold in reliance on Rule 144A only.



 






    Exhibit A-5-4 


     


    

 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class D-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class D-FX will be the close of business on the last
Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount equal to such
Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the
aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts, if any, allocable
to the Class D [-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 






    Exhibit A-5-5 


     


    

 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 






    Exhibit A-5-6 


     


    

 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-5-7 


     


    

 




 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class D Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-5-8 


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate
 Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-5-9 


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-5-10 


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The Assignee(s)
should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-5-11 


     


    


 





EXHIBIT
A-6


 


FORM
OF CLASS E CERTIFICATES


 


CLASS
E


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 






 


		1	Temporary
                                         Regulation S Global Certificate legend.



 


		2	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		3	Global
                                         Certificate legend.



 



    Exhibit A-6-1 


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS E CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS X, CLASS B, CLASS C AND CLASS D CERTIFICATES AS AND TO THE EXTENT SET
FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER


 



    Exhibit A-6-2 


     


    

 


PLAN
THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA
OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A) SUCH PERSON IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a)(1) OF REGULATION
D OF THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AND (B) THE ACQUISITION, HOLDING AND DISPOSITION
OF THE CERTIFICATES BY SUCH PERSON WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER ERISA
OR SECTION 4975 OF THE CODE (OR A SIMILAR NON-EXEMPT VIOLATION OF SIMILAR LAW).


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-6-3 


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS E


 


	Pass-Through
    Rate: [LIBOR + 2.6000%][VARIABLE IN ACCORDANCE WITH THE TRUST AND SERVICING AGREEMENT]4	 
	 	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	 	 
	Aggregate
    Initial Certificate Balance of the Class E Certificates: $[16,340,000][65,360,000]	Initial
    Certificate Balance of this

    Certificate: $[______][QIB]

                       $[______][Reg
    S]
	 	 
	[Class
                                         E-FL]

         

        CUSIP:
        [U48087AF4]

        ISIN: [USU48087AF43]

        Common Code: [184775727]5

        No.: E-FL-[1] 
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WAL7]

                                         ISIN: [US46645WAL72]

                                         Common Code: [184775697]6

         

	 	 
	[Class
                                         E-FX]

         

        CUSIP:
        [U48087AR8]

        ISIN: [USU48087AR80]

        Common Code: [184775476]5

        No.: E-FX-[1] 
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WBG7]

                                         ISIN: [US46645WBG78]

                                         Common Code: [184775468]6

         



 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class E [-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, Class B, Class C, Class D, [Class E-FL][Class E-


 





 



 


		

                                                                        4
	Subject
                                         to change in accordance with the Trust and Servicing Agreement.



 


		5	For
                                         Regulation S Global Certificate only.



 


		6	For
                                         Certificate sold in reliance on Rule 144A only.



 



    Exhibit A-6-4 


     


    

 


FX],
Class F, Class G, Class H, Class HRR and Class R Certificates (collectively with the Class E [-FL][-FX] Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class E-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class E-FX Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class E [-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of


 



    Exhibit A-6-5 


     


    

 


the
designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and
of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the


 



    Exhibit A-6-6 


     


    

 


death
of the last survivor of the descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s,
living on the date of execution of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-6-7 


     


    

 




 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class E Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-6-8 


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate
 Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-6-9 


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-6-10 


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The Assignee(s)
should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-6-11 


     


    


 





EXHIBIT
A-7


 


FORM
OF CLASS F CERTIFICATES


 


CLASS
F


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 



 


		1	Temporary
                                         Regulation S Global Certificate legend.



 


		2	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		3	Global
                                         Certificate legend.



 



    Exhibit A-7-1 


     


    

 


CERTIFICATE
ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER
OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY
GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS F CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS X, CLASS B, CLASS C, CLASS D AND CLASS E CERTIFICATES AS AND TO THE
EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A


 



    Exhibit A-7-2 


     


    

 


GOVERNMENTAL
PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL
EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, OTHER THAN AN INSURANCE COMPANY USING ASSETS OF
AN INSURANCE COMPANY GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND SUBSEQUENT HOLDING OF THE CERTIFICATES BY SUCH
INSURANCE COMPANY WOULD BE EXEMPT FROM THE PROHIBITED TRANSACTION PROVISIONS OF SECTION 406 OF ERISA AND SECTION 4975 OF THE CODE
UNDER SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, OR A SIMILAR EXEMPTION UNDER SIMILAR LAW.


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-7-3 


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS F


 


	Pass-Through
    Rate: [LIBOR + 2.9000%][VARIABLE IN ACCORDANCE WITH THE TRUST AND SERVICING AGREEMENT]4	 
	 	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	 	 
	Aggregate
    Initial Certificate Balance of the Class F Certificates: $[27,600,000][110,400,000]	Initial
    Certificate Balance of this

    Certificate: $[______][QIB]

                       $[______][Reg S]
	 	 
	[Class
                                         F-FL]

         

        CUSIP:
        [U48087AG2]

        ISIN: [USU48087AG26]

        Common Code: [184775654]5

        No.: F-FL-[1]
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WAN3]

                                         ISIN: [US46645WAN39]

                                         Common Code: [184775662]6

         

	 	 
	[Class
                                         F-FX]

         

        CUSIP:
        [U48087AS6]

        ISIN: [USU48087AS63]

        Common Code: [184775433]5

        No.: F-FX-[1]
	 

                                                                                                       

                                                                                                      CUSIP:
                                         [46645WBJ1]

                                         ISIN: [US46645WBJ18]

                                         Common Code: [184775484]6

         



 


This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class F [-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, [Class F-


 





 



 


		4	Subject
                                         to change in accordance with the Trust and Servicing Agreement.



 


		5	For
                                         Regulation S Global Certificate only.



 


		6	For
                                         Certificate sold in reliance on Rule 144A only.



 



    Exhibit A-7-4 


     


    

 


FL][Class
F-FX], Class G, Class H, Class HRR and Class R Certificates (collectively with the Class F [-FL][-FX] Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class F-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class F-X Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class F [-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust
and Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of


 



    Exhibit A-7-5 


     


    

 


the
designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate interest and
of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the


 



    Exhibit A-7-6 


     


    

 


death
of the last survivor of the descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s,
living on the date of execution of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-7-7 


     


    

 




 

IN
WITNESS WHEREOF, the Certificate Administrator has caused this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate
of Authentication


 


This
is one of the Class F Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

                    not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-7-8 


     


    
 

SCHEDULE
A


 


SCHEDULE
OF EXCHANGES


 


The
following payments of principal and exchanges of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global
Certificate] [Regulation S Global Certificate] have been made:

 


	Date
    of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate

    Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate

    Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type
    of
 Certificate
 Exchanged
 for	 	 	 	Remaining

    Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation

    Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-7-9 


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust.


 


I
(we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest represented by the
within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature
    by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer
    Identification Number: _________


 



    Exhibit A-7-10 


     


    


 


DISTRIBUTION
INSTRUCTIONS


 


The Assignee(s)
should include the following for purposes of distribution:


 

Address
of the Assignee(s) for the purpose of receiving notices and distributions: _____________________________________________________________.


 


Distributions,
if being made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This
information is provided by _____________________________________________________ the Assignee(s) named above, or ________________________________________________
as its (their) agent.


 







	 	By:	 
	 	 	[Please print or type
    name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer
    Identification Number:




 



    Exhibit A-7-11 


     


    







 


EXHIBIT
A-8


 


FORM
OF CLASS G CERTIFICATES


 


CLASS
G


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 



 


		1	Temporary
                                         Regulation S Global Certificate legend.



 


		2	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		3	Global
                                         Certificate legend.



 



    Exhibit A-8-1


     


    

 


 CERTIFICATE ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5
INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE
NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS G CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS X, CLASS B, CLASS C, CLASS D, CLASS E AND CLASS F CERTIFICATES AS AND
TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A


 



    Exhibit A-8-2


     


    

 


 GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, OTHER THAN AN INSURANCE
COMPANY USING ASSETS OF AN INSURANCE COMPANY GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND SUBSEQUENT HOLDING
OF THE CERTIFICATES BY SUCH INSURANCE COMPANY WOULD BE EXEMPT FROM THE PROHIBITED TRANSACTION PROVISIONS OF SECTION 406 OF ERISA
AND SECTION 4975 OF THE CODE UNDER SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, OR A SIMILAR EXEMPTION
UNDER SIMILAR LAW.


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-8-3


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS G


 


	Pass-Through
    Rate: [LIBOR + 3.4000%][VARIABLE IN ACCORDANCE WITH THE TRUST AND SERVICING AGREEMENT]4	 
	 	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	 	 
	Aggregate
    Initial Certificate Balance of the Class G Certificates: $[21,800,000][87,200,000]	Initial Certificate Balance of this
 Certificate:      $[______][QIB]

         $[______][Reg S]

	 	 
	[Class
                                         G-FL]

         

        CUSIP:
        [U48087AH0]

        ISIN: [USU48087AH09]

        Common Code: [184775620]5

        No.: G-FL-[1]

         
	 

         

        CUSIP:
[46645WAQ6]

ISIN: [US46645WAQ69]

Common Code: [184775689]6

         

	[Class
                                         G-FX]

         

        CUSIP:
        [U48087AT4]

        ISIN: [USU48087AT47]

        Common Code: [184775450]5

        No.: G-FX-[1]

         
	 

         

        CUSIP:
                                         [46645WBL6]

                                         ISIN: [US46645WBL63]

                                         Common Code: [184775441]6

         



This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class G[-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, Class F,


 





 



 


		4	Subject
                                         to change in accordance with the Trust and Servicing Agreement.



 


		5	For
                                         Regulation S Global Certificate only.



 


		6	For
                                         Certificate sold in reliance on Rule 144A only.



 



    Exhibit A-8-4


     


    

 


[Class G-FL][Class G-FX], Class H, Class HRR
and Class R Certificates (collectively with the Class G[-FL][-FX] Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class G-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class G-FX Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class G[-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust and
Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of


 



    Exhibit A-8-5


     


    

 


the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the


 



    Exhibit A-8-6


     


    

 


death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-8-7


     


    

 

IN WITNESS WHEREOF, the Certificate Administrator has caused
this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate of Authentication


 


This is one of the Class G Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-8-8


     


    
 

SCHEDULE A


 


SCHEDULE OF EXCHANGES


 


The following payments of principal and exchanges
of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:

 


	Date of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate
 Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate
 Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type of
 Certificate
 Exchanged
 for	 	 	 	Remaining
 Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation
 Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-8-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip
code(s) of assignee(s)) (“Assignee(s)”) the entire Percentage Interest represented by the within
Certificate and hereby authorize(s) the registration of transfer of such interest to Assignee(s) on the Certificate Register
of the Trust.


 


I (we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest
represented by the within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer Identification Number:
    _________


 



    Exhibit A-8-10


     


    


 


DISTRIBUTION INSTRUCTIONS


 


The Assignee(s) should include the following for purposes of distribution:


 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:
_____________________________________________________________.


 


Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This information is provided
by _____________________________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.


 







	 	By:	 
	 	 	[Please print or type name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer Identification Number:




 



    Exhibit A-8-11


     


    


 


EXHIBIT
A-9


 


FORM
OF CLASS H CERTIFICATES


 


CLASS
H


 


[THIS
CERTIFICATE IS A TEMPORARY REGULATION S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.


 


NO
BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST
HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE TRUST AND SERVICING AGREEMENT.]1


 


[UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE CERTIFICATE REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.]2


 


[TRANSFERS
OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]3


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWERS, THE GUARANTOR,
THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE


 





 



 


		1	Temporary
                                         Regulation S Global Certificate legend.



 


		2	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		3	Global
                                         Certificate legend.



 



    Exhibit A-9-1


     


    

 


 CERTIFICATE ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5
INFORMATION PROVIDER, ANY INITIAL PURCHASER, THE TRUST LOAN SELLER OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE
NOR THE UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS H CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS X, CLASS B, CLASS C, CLASS D, CLASS E, CLASS F AND CLASS G CERTIFICATES
AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A


 



    Exhibit A-9-2


     


    

 


 GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, OTHER THAN AN INSURANCE
COMPANY USING ASSETS OF AN INSURANCE COMPANY GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND SUBSEQUENT HOLDING
OF THE CERTIFICATES BY SUCH INSURANCE COMPANY WOULD BE EXEMPT FROM THE PROHIBITED TRANSACTION PROVISIONS OF SECTION 406 OF ERISA
AND SECTION 4975 OF THE CODE UNDER SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, OR A SIMILAR EXEMPTION
UNDER SIMILAR LAW.


 


THIS
CERTIFICATE REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS
ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-9-3


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS H


 


	Pass-Through
    Rate: [LIBOR + 5.6500%][VARIABLE IN ACCORDANCE WITH THE TRUST AND SERVICING AGREEMENT]4	 
	First
    Distribution Date: August 7, 2018	Rated
    Final Distribution Date:

    July 2033
	Aggregate
    Initial Certificate Balance of the Class H Certificates: $[20,350,000][81,400,000]	Initial Certificate Balance of this
 Certificate:      $[______][QIB]

                                   $[______][Reg S]

	[Class
                                         H-FL]

         

        CUSIP:
        [U48087AJ6]

        ISIN: [USU48087AJ64]

        Common Code: [184775646]5

        No.: H-FL-[1]

         
	 

         

        CUSIP:
                                         [46645WAS2]

                                         ISIN: [US46645WAS26]

                                         Common Code: [184775638]6

         

	[Class
                                         H-FX]

         

        CUSIP:
        [U48087AU1]

        ISIN: [USU48087AU10]

        Common Code: [184775417]5

        No.: H-FX-[1]

         
	 

         

        CUSIP:
                                         [46645WBN2]

                                         ISIN: [US46645WBN20]

                                         Common Code: [184775409]6

         



This
certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions
to be made from the Trust Fund with respect to the Class H[-FL][-FX] Certificates. The Trust Fund consists primarily of ten promissory
notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed and floating rate loan (the
“Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and
Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms,
provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class


 





 



 


		4	Subject
                                         to change in accordance with the Trust and Servicing Agreement.



 


		5	For
                                         Regulation S Global Certificate only.



 


		6	For
                                         Certificate sold in reliance on Rule 144A only.



 



    Exhibit A-9-4


     


    

 


G, [Class H-FL][Class H-FX], Class HRR
and Class R Certificates (collectively with the Class H[-FL][-FX] Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business
Day after the Determination Date, commencing in August 2018 (each such date, a “Distribution Date”), to the
Person in whose name this Certificate is registered as of the related Record Date, which for the Class H-FL Certificates will
be the Business Day immediately preceding such Distribution Date and for the Class H-FX Certificates will be the close of business
on the last Business Day of the calendar month preceding the month in which the applicable Distribution Date occurs, an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) of that
portion of the aggregate amount of principal and interest and any prepayment premiums then distributable and any other amounts,
if any, allocable to the Class H[-FL][-FX] Certificates for such Distribution Date, all as more fully described in the Trust and
Servicing Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of


 



    Exhibit A-9-5


     


    

 


the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the


 



    Exhibit A-9-6


     


    

 


death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 




    Exhibit A-9-7


     


    

 

IN WITNESS WHEREOF, the Certificate Administrator has caused
this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate of Authentication


 


This is one of the Class H Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-9-8


     


    
 

SCHEDULE A


 


SCHEDULE OF EXCHANGES


 


The following payments of principal and exchanges
of a part of this [Rule 144A Global Certificate] [Temporary Regulation S Global Certificate] [Regulation S Global Certificate]
have been made:

 


	Date of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate
 Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate
 Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type of
 Certificate
 Exchanged
 for	 	 	 	Remaining
 Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation
 Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-9-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip
code(s) of assignee(s)) (“Assignee(s)”) the entire Percentage Interest represented by the within
Certificate and hereby authorize(s) the registration of transfer of such interest to Assignee(s) on the Certificate Register
of the Trust.


 


I (we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest
represented by the within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer Identification Number:
    _________


 



    Exhibit A-9-10


     


    


 


DISTRIBUTION INSTRUCTIONS


 


The Assignee(s) should include the following for purposes of distribution:


 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:
_____________________________________________________________.


 


Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This information is provided
by _____________________________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.


 







	 	By:	 
	 	 	[Please print or type name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer Identification Number:




 



    Exhibit A-9-11


     


    


 


EXHIBIT
A-10


 


FORM
OF CLASS HRR CERTIFICATES


 


CLASS
HRR


 


THIS
CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERS, HEDGING AND PLEDGING PURSUANT TO THE CREDIT RISK RETENTION RULES.
THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR
AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH THE TRANSFER REQUIREMENTS SET FORTH IN THE TRUST AND SERVICING AGREEMENT.
THE CERTIFICATE REGISTRAR SHALL REFUSE TO REGISTER THE TRANSFER OF THIS CERTIFICATE UNLESS SUCH TRANSFER IS IN ACCORDANCE WITH
SECTION 5.3 OF THE TRUST AND SERVICING AGREEMENT.


 


[FOR
BOOK-ENTRY CERTIFICATES AND SOLELY FOLLOWING THE RISK RETENTION PERIOD: UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1


 


[FOR
BOOK-ENTRY CERTIFICATES AND SOLELY FOLLOWING THE RISK RETENTION PERIOD: TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL BE LIMITED
TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO BELOW.]2


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, THE BORROWER, THE SERVICER,
THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE


 





 



 


		1	Legend
                                         required as long as DTC is the Depository under the Trust and Servicing Agreement.



 


		2	Book-Entry
                                         Certificate legend.



 



    Exhibit A-10-1


     


    

 


 ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE CUSTODIAN, THE OPERATING
ADVISOR, THE 17G-5 INFORMATION PROVIDER, THE INITIAL PURCHASERS, THE TRUST LOAN SELLER OR ANY OF THEIR RESPECTIVE AFFILIATES.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.


 


PRINCIPAL
PAYMENTS IN RESPECT OF THIS CERTIFICATE ARE DISTRIBUTABLE AS SET FORTH IN THE TRUST AND SERVICING AGREEMENT. ACCORDINGLY, THE
OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”
IN AN “OFFSHORE TRANSACTION,” AS DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE
SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING
OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE
INSTITUTIONS THAT ARE “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES
OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CLASS HRR CERTIFICATE IS SUBORDINATED TO THE CLASS A, CLASS B, CLASS C, CLASS D, CLASS E, CLASS F, CLASS G AND CLASS H CERTIFICATES
AS AND TO THE EXTENT SET FORTH IN THE TRUST AND SERVICING AGREEMENT REFERRED TO HEREIN.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A


 



    Exhibit A-10-2


     


    

 


 GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR
ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, OTHER THAN AN INSURANCE
COMPANY USING ASSETS OF AN INSURANCE COMPANY GENERAL ACCOUNT UNDER CIRCUMSTANCES WHEREBY SUCH PURCHASE AND SUBSEQUENT HOLDING
OF THE CERTIFICATES BY SUCH INSURANCE COMPANY WOULD BE EXEMPT FROM THE PROHIBITED TRANSACTION PROVISIONS OF SECTION 406 OF ERISA
AND SECTION 4975 OF THE CODE UNDER SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, OR A SIMILAR EXEMPTION
UNDER SIMILAR LAW.


 


THIS
CERTIFICATE REPRESENTS TWO “REGULAR INTERESTS” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE CODE.


 




    Exhibit A-10-3


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS HRR


	Pass-Through
    Rate: VARIABLE IN ACCORDANCE WITH THE TRUST AND SERVICING AGREEMENT	 
	First
    Distribution Date: August 7, 2018	 
	Aggregate
    Initial Certificate Balance of the Class HRR Certificates: $71,250,000	Rated
    Final Distribution Date:

    July 2033
	 

                                     CUSIP:
                                         [46645WBS1]

                                         ISIN: [US46645WBS17]3

         
	Initial
    Certificate Balance of this

    Certificate: $[__]

     
	CUSIP:
[U48087AW7]

ISIN: [USU48087AW75]4

         
	 
	CUSIP:
[46645WBT9]

ISIN: [US46645WBT99]5

         

        No.:
        HRR-[1]

         
	 


This
certifies that CRE FUND INVESTMENTS LLC is the registered owner of the Percentage Interest evidenced by this Certificate in the
distributions to be made from the Trust Fund with respect to the Class HRR Certificates. The Trust Fund consists primarily of
ten promissory notes secured by certain Collateral held in trust by the Trustee evidencing a floating rate and fixed rate loan
(the “Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust
and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the
terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust and Servicing
Agreement are the Class A, Class B, Class C, Class D, Class E, Class F, Class G, Class H and Class R Certificates (collectively
with the Class HRR Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and
Servicing Agreement are collectively referred to herein as “Certificateholders”).


 





 



 


		3	For
                                         Certificate sold in reliance on Rule 144A only.



 


		4	For
                                         Regulation S Global Certificate only.



 


		5	For
                                         IAI Certificates.



 






    Exhibit A-10-4


     


    

 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, the Certificate Administrator will distribute, on the 4th Business Day after
the Determination Date, beginning in August 2018 (each such date, a “Distribution Date”), to the Person in
whose name this Certificate is registered as of the related Record Date, which (i) with respect to the Class HRR (FX) Component,
will be the close of business on the last Business Day of the calendar month preceding the month in which such Distribution Date
occurs, and (ii) with respect to the Class HRR (FL Component), will be the Business Day immediately preceding such Distribution
Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
of that portion of the aggregate amount of principal and interest then distributable and any Prepayment Charges and any other
amounts allocable to the Class HRR Certificates for such Distribution Date, all as more fully described in the Trust and Servicing
Agreement.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 






    Exhibit A-10-5


     


    

 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Mortgage Loan (including,
without limitation, the sale of the Mortgage Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Property and all other Collateral for the Mortgage Loan, provided, however, that in no event shall the trust
created by the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor
of the descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date
of execution of the Trust and Servicing Agreement.


 






    Exhibit A-10-6


     


    

 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Mortgage Loan and has executed this Certificate in its limited capacity as Certificate
Administrator under the Trust and Servicing Agreement.


 




    Exhibit A-10-7


     


    

 

IN WITNESS WHEREOF, the Certificate Administrator has caused
this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate of Authentication


 


This is one of the Class HRR Certificates referred to in the Trust and Servicing Agreement.


 


Dated: June
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-10-8


     


    
 

SCHEDULE A


 


SCHEDULE OF EXCHANGES


 





The following payments of principal and
exchanges of a part of this Definitive Certificate have been made:

 


	Date of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate
 Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate
 Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type of
 Certificate
 Exchanged
 for	 	 	 	Remaining
 Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation
 Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-10-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip
code(s) of assignee(s)) (“Assignee(s)”) the entire Percentage Interest represented by the within
Certificate and hereby authorize(s) the registration of transfer of such interest to Assignee(s) on the Certificate Register
of the Trust.


 


I (we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest
represented by the within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer Identification Number:
    _________


 



    Exhibit A-10-10


     


    


 


DISTRIBUTION INSTRUCTIONS


 


The Assignee(s) should include the following for purposes of distribution:


 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:
_____________________________________________________________.


 


Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This information is provided
by _____________________________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.


 







	 	By:	 
	 	 	[Please print or type name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer Identification Number:




 



    Exhibit A-10-11


     


    


 


EXHIBIT
A-11


 


FORM
OF CLASS R CERTIFICATES


 


CLASS
R


 


THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE BORROWER SPONSOR, ANY BORROWER, THE SERVICER,
THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE CUSTODIAN, THE OPERATING ADVISOR, THE 17G-5 INFORMATION
PROVIDER, THE INITIAL PURCHASERS, THE TRUST LOAN SELLER OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE
UNDERLYING TRUST LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.


 


THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” (A “QIB”),
WITHIN THE MEANING OF RULE 144A, OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.


 


THIS
CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT
PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW
THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON
ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE.


 


THIS
CERTIFICATE REPRESENTS A “RESIDUAL INTEREST” IN TWO “REAL ESTATE MORTGAGE INVESTMENT CONDUITS” AS THOSE
TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL


 



    Exhibit A-11-1


     


    

 


 REVENUE CODE OF 1986, AS AMENDED. EACH TRANSFEREE
OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY
TO DISQUALIFIED ORGANIZATIONS, DISQUALIFIED NON-U.S. PERSONS OR AGENTS OF EITHER, AS SET FORTH IN SECTION 5.3 OF THE TRUST AND
SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT TO THE TRANSFEROR AND THE CERTIFICATE ADMINISTRATOR TO THE
EFFECT THAT, AMONG OTHER THINGS, (A) IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE SECTION 860E(e)(5),
OR AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND IS OTHERWISE A PERMITTED TRANSFEREE,
(B) IT HAS HISTORICALLY PAID ITS DEBTS AS THEY HAVE COME DUE AND INTENDS TO PAY ITS DEBTS AS THEY COME DUE IN THE FUTURE, (C)
IT UNDERSTANDS THAT IT MAY INCUR TAX LIABILITIES WITH RESPECT TO THIS CERTIFICATE IN EXCESS OF CASH FLOWS GENERATED HEREBY, (D)
IT INTENDS TO PAY ANY TAXES ASSOCIATED WITH HOLDING THIS CERTIFICATE AS THEY BECOME DUE, (E) IT WILL NOT CAUSE INCOME WITH RESPECT
TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN APPLICABLE
INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S. PERSON AND (F) IT WILL NOT TRANSFER THIS CERTIFICATE TO ANY PERSON OR ENTITY
THAT DOES NOT PROVIDE A SIMILAR AFFIDAVIT. ANY PURPORTED TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT A
PERMITTED TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS
IN ANY PURPORTED TRANSFEREE. BECAUSE THIS CERTIFICATE REPRESENTS MULTIPLE “NON-ECONOMIC RESIDUAL INTERESTS,” AS DEFINED
IN TREASURY REGULATIONS SECTION 1.860E-1(c), TRANSFERS OF THIS CERTIFICATE MAY BE DISREGARDED FOR FEDERAL INCOME TAX PURPOSES.
IN ORDER TO SATISFY A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED, THE TRANSFEROR MAY BE REQUIRED,
AMONG OTHER THINGS, TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER TO TRANSFER AT A MINIMUM
PRICE OR TO AN ELIGIBLE TRANSFEREE AS SPECIFIED IN TREASURY REGULATIONS.


 




    Exhibit A-11-2


     


    

 


J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2018-WPT, CLASS R


	Pass-Through
    Rate: N/A	 
	First
    Distribution Date: N/A	 
	Percentage
    Interest of the Class R Certificates: 100%	Rated
    Final Distribution Date: N/A



 

	CUSIP:
                                         46645WBQ5

                                         ISIN: US46645WBQ501

         

        No.:
        R-[1]

         
	 


This
certifies that JPMorgan Chase Bank, National Association is the registered owner of the percentage interest evidenced by this
Certificate in the distributions to be made from the Trust Fund with respect to the Class R Certificates. The Trust Fund consists
primarily of two promissory notes secured by certain Collateral held in trust by the Trustee evidencing a componentized floating
rate loan (the “Trust Loan”). The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to
the Trust and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Trust and Servicing Agreement and is bound thereby. Also issued under the Trust
and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D, Class E, Class F, Class G, Class H and Class HRR
Certificates (collectively with the Class R Certificates, the “Certificates”).


 


This
Certificate is issued pursuant to, and in accordance with, the terms of a Trust and Servicing Agreement dated as of July 31, 2018
(the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Trust and Servicing Agreement.


 


Pursuant
to the terms of the Trust and Servicing Agreement, distributions, if any, on this Certificate shall be made by the Certificate
Administrator in an amount equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate)
and to the extent and subject to the limitations set forth in the Trust and Servicing Agreement, on the Distribution Date to the
Person in whose name this Certificate is registered as of the related


 





 



 


		1	For
                                         Certificate sold in reliance on Rule 144A only.



 



    Exhibit A-11-3


     


    

 


Record Date, which will be the close of business on the
last Business Day of the calendar month preceding the month in which such Distribution Date occurs or, in the case of the first
Distribution Date, the Closing Date.


 


All
distributions will be made to the Persons entitled thereto by check mailed by first class mail to the address set forth therefor
in the Certificate Register or, provided that such Certificateholder shall have provided the Certificate Administrator with a
written request for payment by wire transfer, together with wire instructions, at least five Business Days prior to the related
Distribution Date, by wire transfer of immediately available funds to the account of such Certificateholder at a bank or other
entity located in the United States and having appropriate facilities therefor. The final distribution on each Certificate shall
be made in like manner, but only upon presentment and surrender of such Certificate at the location specified by the Certificate
Administrator in the notice to Certificateholders of such final distribution.


 


This
Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust
Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.


 


This
Certificate does not purport to summarize the Trust and Servicing Agreement, and reference is made to the Trust and Servicing
Agreement for the interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights,
duties and immunities of the Certificate Administrator. In the case of any conflict between this Certificate and the Trust and
Servicing Agreement, the Trust and Servicing Agreement shall control.


 


As
provided in the Trust and Servicing Agreement, subject to certain restrictions on transfer and other procedures set forth therein,
upon surrender for registration of transfer of any Certificate, the Certificate Registrar shall execute, authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Certificates in authorized denominations, in like aggregate
interest and of the same Class.


 


Prior
to due presentation of this Certificate for registration of transfer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, and any agent of the Trustee, the Certificate Administrator,
the Operating Advisor, the Servicer, the Special Servicer or the Certificate Registrar may treat the Person in whose name any
Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in the Trust
and Servicing Agreement and for all other purposes whatsoever, and none of the Trustee, the Certificate Administrator, the Operating
Advisor, the Servicer, the Special Servicer, the Certificate Registrar, nor any agent of the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer or the Certificate Registrar shall be affected by any notice to the contrary.


 


The
Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer,
the Special Servicer, the Trustee and the Operating Advisor, without the consent of any of the Certificateholders, in certain
circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing
Agreement. The Trust and Servicing Agreement may also be amended from


 



    Exhibit A-11-4


     


    

 


time to time by the Depositor, the Certificate Administrator,
the Servicer, the Special Servicer, the Trustee and the Operating Advisor with the written consent of the Holders of Certificates
representing not less than 51% of the Percentage Interests of each Class of Certificates adversely affected by the amendment for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Trust and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders. In addition, no amendment may be made under the
Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel,
at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax
on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC under the Code.


 


The
Trust and Servicing Agreement provides that the respective obligations and responsibilities of the Servicer, the Special Servicer,
the Depositor, the Certificate Administrator, the Trustee and the Operating Advisor created with respect to the Certificates (other
than the obligation of the Certificate Administrator to make certain payments to Certificateholders after the final Distribution
Date to the extent set forth in the Trust and Servicing Agreement and other than the obligation of the Certificate Administrator
to file final tax returns for the Upper-Tier REMIC and the Lower-Tier REMIC, to maintain books and records of the trust fund for
such period of time as it maintains its own books and records, and the indemnification rights and obligations of the parties to
the Trust and Servicing Agreement) shall terminate upon the last action required to be taken by the Certificate Administrator
on the final Distribution Date pursuant to Article 10 of the Trust and Servicing Agreement following the later of (i) the final
payment on the Certificates and the Uncertificated Lower-Tier Interests or (ii) the liquidation of the Trust Loan (including,
without limitation, the sale of the Trust Loan pursuant to the Trust and Servicing Agreement) or the liquidation or abandonment
of the Properties and all other Collateral for the Trust Loan, provided, however, that in no event shall the trust created by
the Trust and Servicing Agreement continue beyond the expiration of twenty-one years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late United States ambassador to the Court of St. James’s, living on the date of execution
of the Trust and Servicing Agreement.


 


Unless
the certificate of authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the
Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Trust and Servicing
Agreement or be valid for any purpose.


 


The
Certificate Administrator makes no representation or warranty as to any of the statements contained herein or the validity or
sufficiency of the Certificates or the Trust Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Trust and Servicing Agreement.


 


The
Holder of the Class R Certificates holding the largest Percentage Interest therein shall be the Tax Matters Person, pursuant to
Treasury Regulations Section 1.860F-4(d) and the “partnership representative” (within the meaning of Code Section
6223, to the extent such provision is applicable to the Upper-Tier REMIC and the Lower-Tier REMIC) of the Upper-Tier REMIC and
Lower-Tier REMIC. The Class R Certificateholders, by acceptance of


 



    Exhibit A-11-5


     


    

 


the Class R Certificates, agree, on behalf of themselves and
all successor holders of such Class R Certificates, to the irrevocable appointment of the Certificate Administrator as the agent
of the Class R Certificateholders to perform all of the duties of the Tax Matters Person and “partnership representative”
for the Upper-Tier REMIC and the Lower-Tier REMIC.


 


Each
Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership
Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership
Interest are expressly subject to the following provisions:


 


(i)               
Each Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold
such Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not
a Permitted Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its
status (or the status of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition
of a Residual Ownership Interest by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person
who is not a Permitted Transferee shall be void ab initio and of no effect, and the immediately preceding owner who was
a Permitted Transferee shall be restored to registered and beneficial ownership of the Residual Ownership Interest as fully as
possible.


 


(ii)               
No Residual Ownership Interest may be transferred, and no such transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer, and
such proposed Transfer shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer
of any Residual Ownership Interest, the Certificate Registrar shall, as a condition to such consent, (x) require the proposed
transferee to deliver, and the proposed transferee shall deliver to the Certificate Registrar and to the proposed transferor,
an affidavit in substantially the form attached as Exhibit J-1 to the Trust and Servicing Agreement (a “Transferee
Affidavit”) of the proposed transferee (A) that such proposed transferee is a Permitted Transferee and (B) stating that
(1) the proposed transferee historically has paid its debts as they have come due and intends to do so in the future, (2) the
proposed transferee understands that, as the holder of a Residual Ownership Interest, it may incur liabilities in excess of cash
flows generated by the residual interest, (3) the proposed transferee intends to pay taxes associated with holding the Residual
Ownership Interest as they become due, (4) the proposed transferee will not cause income with respect to the Residual Ownership
Interest to be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax
treaty, of such proposed transferee or any other U.S. Person, (5) the proposed transferee will not transfer the Residual Ownership
Interest to any Person that does not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge
that such Person is not a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a
Person that is not a Permitted Transferee, and (6) the proposed transferee expressly agrees to be bound by and to abide by the
provisions of Section 5.3(n) of the Trust and Servicing Agreement and (y) other than in connection with the initial issuance of
a Class R Certificate, require


 



    Exhibit A-11-6


     


    

 


a statement from the proposed transferor substantially in the form attached as Exhibit J-2
to the Trust and Servicing Agreement (the “Transferor Letter”), that the proposed transferor has no actual
knowledge that the proposed transferee is not a Permitted Transferee and has no actual knowledge or reason to know that the proposed
transferee’s statements in the Transferee Affidavit are false.


 


(iii)               
Notwithstanding the delivery of a Transferee Affidavit by a proposed transferee under clause (ii) above, if a Responsible Officer
of the Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no Transfer to such
proposed transferee shall be effected and such proposed Transfer shall not be registered on the Certificate Register; provided,
however, the Certificate Registrar shall not be required to conduct any independent investigation to determine whether
a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a Transfer to
any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention
of the foregoing restrictions, and in any event not later than 60 days after a request for information from the transferor of
such Residual Ownership Interest or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to
the IRS and the transferor of such Residual Ownership Interest or such agent such information necessary to the application of
Section 860E(e) of the Code as may be required by the Code, including, but not limited to, the present value of the total anticipated
excess inclusions with respect to such Class R Certificate (or portion thereof) for periods after such Transfer. At the election
of the Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing and furnishing such information
to the transferor or to such agent referred to above; provided, however, such Persons shall in no event be excused
from furnishing such information.


 


(iv)               
The Class R Certificates may only be issued as Definitive Certificates and transferred to and owned by QIBs and the Certificate
Administrator shall act in accordance with such requirement.



 


 






    Exhibit A-11-7


     


    





 

IN WITNESS WHEREOF, the Certificate Administrator has caused
this Certificate to be duly executed.


 

Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Certificate Administrator



	 	 	 
	 	By:	
	 	 	Authorized Officer



 


Certificate of Authentication


 


This is one of the Class R Certificates referred to in the Trust and Servicing Agreement.


 


Dated: July
31, 2018

	 	 
	 	WELLS
                    FARGO BANK, NATIONAL ASSOCIATION, 

not in its individual capacity but solely as Authenticating Agent



	 	 	 
	 	By:	
	 	 	Authorized Officer


 


    Exhibit A-11-8


     


    
 

SCHEDULE A


 


SCHEDULE OF EXCHANGES


 





The following payments of principal and
exchanges of a part of this Rule 144A Definitive Certificate have been made:

 


	Date of
 Exchange or
 Payment of
 Principal	 	 	 	Certificate
 Balance
 Prior to
 Exchange or
 Payment	 	 	 	Certificate
 Balance
 Exchanged
 or Principal
 Payment
 Made	 	 	 	Type of
 Certificate
 Exchanged
 for	 	 	 	Remaining
 Certificate
 Balance
 Following
 Such
 Exchange or
 Payment	 	 	 	Notation
 Made by
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 


 


    Exhibit A-11-9


     


    
 



ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto __________________________________________
(please print or typewrite name(s) and address(es), including postal zip
code(s) of assignee(s)) (“Assignee(s)”) the entire Percentage Interest represented by the within
Certificate and hereby authorize(s) the registration of transfer of such interest to Assignee(s) on the Certificate Register
of the Trust.


 


I (we) further direct the Certificate Registrar to issue a new Certificate of the entire Percentage Interest
represented by the within Certificate to the above-named Assignee(s) and to deliver such Certificate to the following address:







	 
	 
	 
	 
	Date: __________________





	 	 	 
	 	Signature by or on behalf of
	 	Assignor(s):
	 	 	 
	 	 
	 	Taxpayer Identification Number:
    _________


 



    Exhibit A-11-10


     


    


 


DISTRIBUTION INSTRUCTIONS


 


The Assignee(s) should include the following for purposes of distribution:


 

Address of the Assignee(s) for the purpose
of receiving notices and distributions:
_____________________________________________________________.


 


Distributions, if being
made by wire transfer in immediately available funds, to ____________________________ for the account of __________________________
account number ____________________.


 


This information is provided
by _____________________________________________________ the Assignee(s) named above, or ________________________________________________ as
its (their) agent.


 







	 	By:	 
	 	 	[Please print or type name(s)]


 

	 	Title:	 
	 	 
	 	Taxpayer Identification
    Number




 



    Exhibit A-11-11


     


    



 





EXECUTION VERSION


 


EXHIBIT B


 


FORM OF REQUEST FOR RELEASE

(for Certificate Administrator)


 


	Loan Information
	 
	 	Name of Mortgagor:	
	 	 	 
	 	[Servicer] [Special Servicer] Loan No.:	
	 	 	 
	Certificate Administrator
	 
	 	Name:	Wells Fargo Bank, National Association
	 	 	 
	 	Address:	Wells Fargo Bank, National Association

1055 10th Avenue SE

Minneapolis, MN 55414

Attention:  CTS – Document Custody Group

                    JPMCC 2018-WPT
	 	 	 
	 	Custodian/Certificate Administrator  Mortgage File No.:	 
	 	 	 
	Depositor
	 
	 	Name:	J.P. Morgan Chase Commercial Mortgage Securities Corp.
	 	 	 
	 	Address:	
        383 Madison Avenue, 8th Floor, New York, New York 10179, Attention:
        Kunal K. Singh

        

	 	 	 
	 	Certificates:	J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT


 


The undersigned [Servicer]
[Special Servicer] hereby requests delivery from Wells Fargo Bank, National Association, as certificate administrator (the “Certificate
Administrator”), for the Holders of J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage
Pass-Through Certificates, Series 2018-WPT, the documents referred to below (the “Documents”). All capitalized
terms not otherwise defined in this Request for Release shall have the meanings given them in the Trust and Servicing Agreement
dated as of July 31, 2018, by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National
Association, as Servicer and as Special Servicer, Wells Fargo


 






    Exhibit B-1


     


    

 


Bank, National Association, as Certificate Administrator and as Trustee,
and Park Bridge Lender Services LLC, as Operating Advisor (the “Trust and Servicing Agreement”).


 


	( )	Note dated July 31, 2018, in the original principal sum of $______, made by _______, payable to, or endorsed to the order of,
the Trustee.




 


	( )	Mortgage(s) recorded on ____________ as instrument no. ________ in the County Recorder’s Office of the County of _________,
State of ___________ in book/reel/docket ___________ of official records at page/image ________.




 


	( )	Deed of Trust(s) recorded on __________ as instrument no. ________ in the County Recorder’s Office of the County of ___________,
State of _______ in book/reel/docket ____________ of official records at page/image.




 


	( )	Deed to Secure Debt recorded on __________ as instrument no. ________ in the County Recorder’s Office of the County of ___________,
State of _______ in book/reel/docket ____________ of official records at page/image.




 


	( )	Other documents, including any amendments, assignments or other assumptions of the Note or Mortgages.




 








	( )	 
	 	 
	( )	 
	 	 
	( )	 
	 	 
	( )	 


 



 


The undersigned [Servicer]
[Special Servicer] hereby acknowledges and agrees as follows:


 


(1)       The
[Servicer] [Special Servicer] shall hold and retain possession of the Documents in trust for the benefit of the Trustee, solely
for the purposes provided in the Trust and Servicing Agreement.


 


(2)       The
[Servicer] [Special Servicer] shall not cause or permit the Documents to become subject to, or encumbered by, any claims, liens,
security interests, charges, writs of attachment or other impositions nor shall the [Servicer] [Special Servicer] assert or seek
to assert any claims or rights of set-off to or against the Documents or any proceeds thereof except as otherwise provided in the
Trust and Servicing Agreement.


 


(3)       The
[Servicer] [Special Servicer] shall return the Documents to the Certificate Administrator when the need therefor no longer exists,
unless the Mortgage Loan has been liquidated or the Mortgage Loan has been paid in full and the proceeds thereof have been remitted
to the Collection Account except as expressly provided in the Trust and Servicing Agreement.


 






    Exhibit B-2


     


    

 


(4)       The
Documents, coming into the possession or control of the [Servicer] [Special Servicer] shall at all times be held for the account
of the Trustee, and the [Servicer] [Special Servicer] shall keep the Documents separate and distinct from all other property in
the [Servicer’s] [Special Servicer’s] possession, custody or control.


 








	 	[Servicer][Special
Servicer]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


  


	 	Acknowledged
and agreed:
	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:





 


Date: ________


 









    Exhibit B-3


     


    

 


EXHIBIT C


 


FORM OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE


 


(Exchanges or transfers pursuant to

Section 5.3(c) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,

      as Certificate Registrar

600 South 4th Street, 7th Floor





MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT



 


Reference is hereby made
to the Trust and Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and
among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and
Servicing Agreement.


 


This letter relates to
US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Global Certificate
of such Class (CINS No. [______] and ISIN No. [______]) to be held with the Depository in the name of [Euroclear]
[Clearstream]* (Common Code No. [______]).


 


In connection with such
request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in
compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and in accordance with
Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:


 


(1)              
the offer of the Certificates was not made to a person in the United States;


 





 






*
     Select appropriate depository.


 






    Exhibit C-1


     


    

 


[(2)       at the time the
buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably
believed and believes that the transferee was outside the United States;]**


 


[(2)       the transaction
was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]**


 


(3)         no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation
S, as applicable; and


 


(4)         the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Operating Advisor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.


 





	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 


Dated: ________


 





cc: J.P. Morgan
Chase Commercial Mortgage Securities Corp.


 





 



 


**      Insert one of these two provisions, which come from the definition of “offshore transaction” in Regulation
S.


 




    Exhibit C-2


     


    

EXHIBIT D


 


FORM OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE


 


(Exchange or transfers pursuant to

Section 5.3(d) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,

       as Certificate Registrar

600 South 4th Street, 7th Floor





MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, Class [__]



 


Reference is hereby made
to the Trust and Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and
among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, Park Bridge Lender Services LLC,
as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and Servicing
Agreement.


 


This letter relates to
US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______])
with the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Regulation S Global Certificate of such
Class (CINS No. [______], ISIN No. [______], and Common Code No. [______]).


 


In connection with such
request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in
compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and, (i) with respect to transfers
made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), the Transferor does hereby certify that:


 


(1)              
the offer of the Certificates was not made to a person in the United States,


 






    Exhibit D-1


     


    

 


[(2)         at the time the
buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably
believed and believes that the transferee was outside the United States,]*


 


[(2)        the transaction
was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *


 


(3)          no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation
S, as applicable, and


 


(4)          the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act;


 


or (ii) with respect to transfers
made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify that the Certificates are being
transferred in a transaction permitted by Rule 144 under the Securities Act.**


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Operating Advisor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.


 








	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 


Dated: ________


 


cc: J.P. Morgan Chase Commercial Mortgage Securities
Corp.


 





 



 





*      Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.





**    Select (i)
or (ii), as applicable.


 







 




    Exhibit D-2


     


    

EXHIBIT E


 


FORM OF TRANSFER CERTIFICATE

FOR TEMPORARY REGULATION S GLOBAL CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE DURING RESTRICTED PERIOD


 


(Exchange or transfers pursuant to

Section 5.3(e) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,

     as Certificate Registrar

600 South 4th Street, 7th Floor





MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, Class [__]



 


Reference is hereby made
to the Trust and Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and
among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and
Servicing Agreement.


 


This letter relates to
US $[______] aggregate [Certificate Balance] [Notional Amount]of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No.
[______] and ISIN No. [______]) with [Euroclear] [Clearstream]* (Common Code
[______]) through the Depository in the name of [insert name of transferor] (the “Transferor”). The Transferor
has requested an exchange or transfer of such beneficial interest for a beneficial interest in the Rule 144A Global Certificate
of such Class (CUSIP No. [______]).


 


In connection with such
request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are being exchanged or
transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended
(the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing the Certificates
for its own account, or for one or more accounts with respect to which the transferee exercises sole investment discretion, and
the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A in each
case in a transaction meeting the requirements of


 





 



 


*
    Select appropriate depository.


 






    Exhibit E-1


     


    

 


Rule 144A and in accordance with any applicable securities laws of any state
of the United States or other applicable jurisdiction.


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Operating Advisor, the Trustee, the Certificate Administrator,
the Servicer, the Special Servicer and the Initial Purchasers.


 





	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 





Dated: _______


 


cc: J.P. Morgan Chase Commercial Mortgage Securities
Corp.


 




    Exhibit E-2


     


    

EXHIBIT F


 


FORM OF CERTIFICATION TO BE GIVEN BY

BENEFICIAL OWNER OF TEMPORARY

REGULATION S GLOBAL CERTIFICATE


 


(Exchanges pursuant to

Section 5.3(f) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,

     as Certificate Registrar

600 South 4th Street, 7th Floor


 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, Class [__]



 


Reference is hereby made to the Trust and
Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and among J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells
Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and Servicing Agreement.


 


[For purposes of acquiring
a beneficial interest in a Regulation S Global Certificate of the Class specified above after the expiration of the Restricted
Period,] [For purposes of receiving payments under a Temporary Regulation S Global Certificate of the Class specified above,]*
the undersigned holder of a beneficial interest in a Temporary Regulation S Global Certificate of the Class specified above
issued under the Trust and Servicing Agreement certifies that it is an institution and is not a U.S. Person as defined by Regulation S
under the Securities Act of 1933, as amended.


 


We undertake to advise
you promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification relating to the
Certificates of the Class specified above held by you for our account if any applicable statement herein is not correct on such
date, and in the absence of any such notification it may be assumed that this certification applies as of such date.


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are


 





 






*    Select, as applicable.


 






    Exhibit F-1


     


    

 


commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor, and the Initial Purchasers.


 





	 	 	 
	 	Dated:______________
	 	 	 
	 	By:	 
	 	 	as, or as agent for, the holder of a beneficial interest in the Certificates to which this certificate relates.


 







    Exhibit F-2


     


    

EXHIBIT G


 


FORM OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE


 


(Exchanges or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,
           as Certificate Registrar

600 South 4th Street, 7th Floor 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, Class [__]



 


Reference is hereby made
to the Trust and Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and
among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and
Servicing Agreement.


 


This letter relates to
US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of
Transferor] (the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry
Certificates for a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______] and
ISIN No. [______]) to be held with [Euroclear] [Clearstream]* (Common Code
No. [______]) through the Depository.


 


In connection with such
request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in
compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and pursuant to and in accordance with
Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:


 


(1)              
the offer of the Certificates was not made to a person in the United States;


 





 



*
   Select appropriate depository.


 






    Exhibit G-1


     


    

 


[(2)       at the time the
buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably
believed and believes that the transferee was outside the United States;]**


 


[(2)       the transaction
was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;] **


 


(3)        no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S,
as applicable; and


 


(4)        the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor and the Initial Purchasers.


 





	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:





 


Dated: ________


 


cc: J.P. Morgan Chase Commercial Mortgage Securities
Corp.


 





 






**     Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.


 




    Exhibit G-2


     


    

EXHIBIT H


 


FORM OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE


 


(Exchange or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,

          as Certificate Registrar

600 South 4th Street, 7th Floor 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, Class [__]



 


Reference is hereby made to the Trust and
Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and among J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells
Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and Servicing Agreement.


 


This letter relates to
US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of
Transferor] (the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry
Certificates for a beneficial interest in the Regulation S Global Certificate (CINS No. [______], ISIN No. [______], and Common
Code No. [______]).


 


In connection with such
request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in
compliance with the transfer restrictions set forth in the Trust and Servicing Agreement and, (i) with respect to transfers
made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), the Transferor does hereby certify that:


 


(1)              
the offer of the Certificates was not made to a person in the United States,


 






    Exhibit H-1


     


    

 


[(2)       at the time the
buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably
believed and believes that the transferee was outside the United States,]*


 


[(2)       the transaction
was executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *


 


(3)        no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S,
as applicable, and


 


(4)        the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act;


 


or (ii) with respect to transfers
made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify that the Certificates are being
transferred in a transaction permitted by Rule 144 under the Securities Act.**


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor and the Initial Purchasers.


 





	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:





 






Dated: _______


 


cc: J.P. Morgan Chase Commercial Mortgage Securities
Corp.


 





 



 *    Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.


**   Select (i)
or (ii), as applicable.


 




    Exhibit H-2


     


    

 


EXHIBIT I


 


FORM OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE


 


(Exchange or transfers pursuant to

Section 5.3(g) of the Trust and Servicing Agreement)


 


Wells Fargo Bank, National Association,

       as Certificate Registrar

600 South 4th Street, 7th Floor 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT,

Commercial Mortgage Pass-Through Certificates, Series 2018-WPT, Class [__]



 


Reference is hereby made to the Trust and
Servicing Agreement dated as of July 31, 2018 (the “Trust and Servicing Agreement”), by and among J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells
Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor. Capitalized terms used but not defined herein shall have the meanings given to them in the Trust and Servicing Agreement.


 


This letter relates to
US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of
transferor] (the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest
for a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).


 


In connection with such
request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are being exchanged or
transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended
(the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing the Certificates
for its own account, or for one or more accounts with respect to which the transferee exercises sole investment discretion, and
the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A in each
case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state
of the United States or other applicable jurisdiction.


 


We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative
or legal proceedings are


 






    Exhibit I-1


     


    

  


commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably
authorize you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained
herein are made for your benefit and the benefit of the Depositor, the Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor and the Initial Purchasers.


 





	 	[Insert Name of Transferor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:







 


Dated: _______


 


cc: J.P. Morgan Chase Commercial Mortgage Securities
Corp.


 




    Exhibit I-2


     


    

EXHIBIT J-1


 


FORM OF AFFIDAVIT PURSUANT TO

SECTION 860E(e)(4) OF

THE INTERNAL REVENUE CODE OF 1986, AS AMENDED


 


Wells Fargo Bank, National Association,

        as Certificate Registrar

600 South 4th Street, 7th Floor 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”) issued pursuant
to the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special
Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor



 





	STATE OF 	)
	 	) ss.:
	COUNTY OF 	)










 


I, [______], under penalties
of perjury, declare that, to the best of my knowledge and belief, the following representations are true, correct and complete,
and being first sworn, depose and say that:


 


1.                 
I am a [______] of [______] (the “Purchaser”), on behalf of which I have the authority to make this affidavit.


 


2.                 
The Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of the real estate mortgage
investment conduits (each, a “REMIC”) designated as the (i) “Lower-Tier REMIC” and (ii) “Upper-Tier
REMIC,” respectively, relating to the Certificates for which an election is to be made under Section 860E of the
Internal Revenue Code of 1986 (the “Code”).


 


3.                 
The Purchaser is not a “Disqualified Organization” (as defined below), and that the Purchaser is not
acquiring the Class R Certificates for the account of, or as agent or nominee of, or with a view to the transfer of direct or indirect
record or beneficial ownership thereof, to a Disqualified Organization. For the purposes hereof, a Disqualified Organization is
any of the following: (a) the United States, a State, or any agency or instrumentality of any of the foregoing (other than
an instrumentality that is a corporation if all of its activities are subject


 






    Exhibit J-1-1


     


    

 


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


 


4.        The Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in
certain circumstances, on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates
to a Disqualified Organization.


 


5.        The Purchaser is a “United States person” as defined in Section 7701(a) of the Code and the regulations
promulgated thereunder (the Purchaser’s U.S. taxpayer identification number is [______]). The Purchaser is not classified
as a partnership under the Code (or, if so classified, all of its beneficial owners are United States persons).


 


6.        No purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.


 


7.        The Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment
or fixed base, within the meaning of an applicable income tax treaty, of the Purchaser or any other person.


 


8.        The Purchaser is a Permitted Transferee.


 


9.        Check the applicable paragraph:


 


☐       The
present value of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed
the sum of:


 


(i)        the present value of any consideration given to the Purchaser to acquire such Class R Certificate;


 


(ii)       the present value of the expected future distributions on such Class R Certificate; and


 


(iii)       the present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC
generates losses.


 


For purposes of this
calculation, (i) the Purchaser is assumed to pay tax at the highest rate currently specified in Section 11(b) of the
Code (but the tax rate in


 






    Exhibit J-1-2


     


    

 


Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate specified in Section 11(b)
of the Code if the Purchaser has been subject to the alternative minimum tax under Section 55 of the Code in the preceding
two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (ii) present
values are computed using a discount rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for
the month of the transfer and the compounding period used by the Purchaser.


 


o       The
transfer of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,


 


(i)      the Purchaser is an “eligible corporation,” as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i),
as to which income from the Class R Certificate will only be taxed in the United States;


 


(ii)     at the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer,
the Purchaser had gross assets for financial reporting purposes (excluding any obligation of a person related to the Purchaser
within the meaning of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess
of $10 million;


 


(iii)    the Purchaser will transfer the Class R Certificate only to another “eligible corporation,” as defined in Treasury
Regulations Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Sections 1.860E-1(c)(4)(i), (ii) and
(iii) and Treasury Regulations Section 1.860E-1(c)(5); and


 


(iv)    the Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions
(including, but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions,
tax rates and other factors specific to the Purchaser) that it has determined in good faith.


 


☐       None
of the above.


 


10.     The Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the
future and the Purchaser intends to pay taxes associated with holding the Class R Certificates as they become due.


 


11.     The Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash
flows generated by such Certificate.


 


12.     The Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor
unless the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit
and agreement in substantially the same form as this affidavit and agreement. The Purchaser expressly agrees that it will not consummate
any such transfer if it knows or believes that any representation contained in such affidavit and agreement is false.


 


13.     The Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any person
that is not a Permitted Transferee and that for so long


 






    Exhibit J-1-3


     


    

 


as it retains its interest in the Class R Certificate, it will endeavor
to remain a Permitted Transferee.


 


14.     The Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel
to constitute a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a
Permitted Transferee.


 


15.     The Purchaser is a QIB purchasing for its own account, or a Person purchasing for the account of another QIB.


 


16.     The Purchaser has reviewed the provisions of Section 5.3 of the Trust and Servicing Agreement, a description of which
provisions may be set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such
provisions.


 


17.     The Purchaser consents to the designation of the Certificate Administrator as agent of the “partnership representative”
within the meaning of Section 6223 of the Code and the Tax Matters Person of the  Lower-Tier REMIC and the Upper-Tier REMIC,
in each case pursuant to Section 12.1 of the Trust and Servicing Agreement.


 


Capitalized terms used
but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.


 


IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this ___day of _________,
20__.


 









	 	By:	 
	 	 	Name:
	 	 	Title:


 





	 	By:	 
	 	 	Name:
	 	 	Title:





 


On this ____ day of _______20__,
before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
______________________ and ________________________, known or proved to me to be the same persons who executed the foregoing instrument
and to be _____________________________ and ___________________________, respectively, of the Purchaser, and acknowledged to me
that they executed the same as their respective free acts and deeds and as the free act and deed of the Purchaser.


 






    Exhibit J-1-4


     


    

 





	 	 	 
	 	NOTARY PUBLIC
    in and for the
	 	      State
    of _______________
	 	 
	                                                     [SEAL]	 
	 	 
	My Commission expires:	 
	 	 	 


  




    Exhibit J-1-5


     


    

EXHIBIT J-2


 


FORM OF TRANSFEROR LETTER


 


[Date]


 


Wells Fargo Bank, National Association,

      as Certificate Registrar

600 South 4th Street, 7th Floor 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”)



 


Ladies and Gentlemen:


 


This letter is delivered
to you in connection with the transfer by [______] (the “Transferor”) to [______] (the “Transferee”)
of Class R Certificates evidencing a [__]% Percentage Interest in such Class (the “Residual Certificates”).
The Certificates, including the Residual Certificates, were issued pursuant to the Trust and Servicing Agreement, dated as of July
31, 2018 (the “Trust and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp.,
as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. All capitalized terms used but not otherwise
defined herein shall have the respective meanings set forth in the Trust and Servicing Agreement. The Transferor hereby certifies,
represents and warrants to you, as Certificate Registrar, that:


 


(1)              
No purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is
or will be to impede the assessment or collection of any tax.


 


(2)              
The Transferor understands that the Transferee has delivered to you a Transfer Affidavit and Agreement in the form attached
to the Trust and Servicing Agreement as Exhibit J-1. The Transferor does not know or believe that any representation contained
therein is false.


 


(3)              
The Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee
as contemplated by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor
has determined that the Transferee has historically paid its debts as they became due and has found no significant evidence to
indicate that the Transferee will not continue to pay its debts as they become due in the future. The Transferor understands that
the transfer of the Residual Certificates may not be respected for United States income tax purposes (and the Transferor may continue
to be liable


 






    Exhibit J-2-1


     


    

 


for United States income taxes associated therewith) unless the Transferor has conducted such an investigation.


 





	 	 	 
	 	Very truly yours,
	 	 	 
	 	 	(Transferor)
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 




    Exhibit J-2-2


     


    

EXHIBIT J-3


 


FORM OF ERISA REPRESENTATION LETTER


 


[Date]


 


Wells Fargo Bank, National Association,

       as Certificate Registrar

600 South 4th Street, 7th Floor 


MAC N9300-070

Minneapolis, Minnesota 55479

Attention: CMBS – JPMCC 2018-WPT


 


Wells Fargo Bank, National Association,

     as Certificate Administrator

9062 Old Annapolis Road

Columbia, MD 21045

Attention: Corporate Trust Services – JPMCC 2018-WPT


 


[Transferor]

[______]

[______]

Attention: [______]


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT



 


Ladies and Gentlemen:


 


The undersigned (the
“Purchaser”) proposes to purchase [$[____] Initial Certificate Balance] [[__]% Percentage Interest] in the J.P.
Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT,
Class [__] Certificates (the “Certificate”) issued pursuant to that certain trust and servicing agreement dated
as of July 31, 2018 (the “Trust and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage
Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor. Capitalized terms used
and not otherwise defined herein have the respective meanings ascribed to such terms in the Trust and Servicing Agreement.


 


In connection with such
transfer, the undersigned hereby represents and warrants to you that, with respect to the Certificate, the Purchaser is not and
will not become an employee benefit plan or other plan subject to the fiduciary responsibility provisions of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”) or to Section 4975 of the Internal Revenue Code of 1986, as
amended (the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA) that is subject to any federal,
state or local law that is, to a material extent, similar to the foregoing provisions of ERISA or the Code (“Similar Law”)
(each, a


 






    Exhibit J-3-1


     


    

 


“Plan”), or any person acting on behalf of any such plan or using the assets of a Plan to purchase
such Certificate, other than (in the case of the Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL, Class H-FX or Class
HRR Certificates) an insurance company using assets of its general account under circumstances whereby such purchase and the subsequent
holding of such Class F-FL, Class F-FX, Class G-FL, Class G-FX, Class H-FL, Class H-FX or Class HRR Certificates by such insurance
company would be exempt from the prohibited transaction provisions of Sections 406 and 407 of ERISA and Code Section 4975 under
Sections I and III of U.S. Department of Labor Prohibited Transaction Class Exemption 95-60, or a substantially similar exemption
under Similar Law.


 


IN WITNESS WHEREOF, the
Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____, ____.





	 	 	 
	 	Very truly yours,
	 	 
	 	[The Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 


 







    Exhibit J-3-2


     


    

EXHIBIT
J-4


 


Form
of Transferee CERTIFICATE FOR TRANSFERS 

OF RISK RETENTION CERTIFICATES


 


[Date]


 


Wells Fargo Bank, National Association

      as Certificate Administrator

9062 Old Annapolis Road





Columbia, Maryland 21045-1951





Attention: Risk Retention Custody (CMBS) – JPMCC 2018-WPT





with a copy to:





Email: riskretentioncustody@wellsfargo.com


 


JPMorgan Chase Bank, National Association





383 Madison Avenue





8th Floor





New York, New York 10179





Attention: Kunal K. Singh


 


J.P. Morgan Chase Commercial
Mortgage Securities Corp.





383 Madison Avenue





8th Floor





New York, New York 10179





Attention: Kunal K. Singh


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”) issued pursuant to the
Trust and Servicing Agreement (the “Trust and Servicing Agreement”), dated as of July 31, 2018, by and among J.P.
Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer,
Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor



 


[_____] (the “Purchaser”)
hereby certifies, represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term is
defined in the Credit Risk Retention Rules or as Depositor that:


 


		1.	The Purchaser is acquiring $[_____] Certificate Balance
of the Class [__] Certificates, which are Risk Retention Certificates, from [_____] (the “Transferor”).



 


		2.	The Purchaser is aware that the Certificate Registrar
will not register any transfer of a Risk Retention Certificate by the Transferor unless the Purchaser, or such Purchaser’s 



 


 



    Exhibit J-4-1


     


    

 


agent, delivers to the Certificate Registrar, among other things, a certificate in substantially the same form as this certificate.
The Purchaser expressly agrees that it will not consummate any such transfer if it knows or believes that any representation contained
in such certificate is false.





 


		3.	Any transfer of a Risk Retention Certificate to a person
that is or will be a Plan, or any Person acting on behalf of any such plan or using the assets of a Plan to purchase such Certificate
will be effected through J.P. Morgan Securities LLC.



 


		4.	Check one of the following:



 


☐    The Purchaser certifies,
represents and warrants to the Certificate Registrar, the “retaining sponsor” as such term is defined in the Credit
Risk Retention Rules or the Depositor that the transfer will occur during the Risk Retention Period and that the transfer will
comply with all applicable requirements of the Credit Risk Retention Rules.


 


 ☐   The Purchaser certifies,
represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term is defined in the Credit
Risk Retention Rules or as Depositor, that the transfer will occur after the termination of the after the Risk Retention Period.


 


Capitalized terms used
but not defined herein have the meanings assigned thereto in the Trust and Servicing Agreement.


 


IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this [__] day of [____],
20[__].


 






	 	By:	 
			Name:
	 	 	Title:





 




    Exhibit J-4-2


     


    

EXHIBIT
J-5


 


FORM OF TRANSFEROR CERTIFICATE FOR TRANSFERS

OF RISK RETENTION CERTIFICATES


 


[Date]


 


Wells Fargo Bank, National Association





as Certificate Administrator 


9062 Old Annapolis Road 


Columbia, Maryland 21045-1951 


Attention: Risk Retention Custody (CMBS) – JPMCC 2018-WPT 


with a copy to: 


Email: riskretentioncustody@wellsfargo.com


 


JPMorgan Chase Bank, National Association





383 Madison Avenue





8th Floor





New York, New York 10179





Attention: Kunal K. Singh


 


J.P. Morgan Chase Commercial
Mortgage Securities Corp.





383 Madison Avenue





8th Floor





New York, New York 10179





Attention: Kunal K. Singh


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT(the “Certificates”)



 


Ladies and Gentlemen:


 


This is delivered to
you in connection with the transfer by [______] (the “Transferor”) to [______] (the “Transferee”)
of $[_____] Certificate Balance of the Class [__] Certificates, which are Risk Retention Certificates. The Certificates were issued
pursuant to the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust and Servicing Agreement”),
by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and
as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender
Services LLC, as Operating Advisor. All capitalized terms used but not otherwise defined herein shall have the respective meanings
set forth in the Trust and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you that:


 


		1.	The transfer is in compliance with Sections 5.1, 5.2 and
5.3 of the Trust and Servicing Agreement.



 






    Exhibit J-5-1


     


    

 


		2.	The Transferor has provided notice to the Depositor of
the transfer no later than ten (10) days prior to the occurrence of the transfer.



 


		3.	Any transfer of a Certificate evidencing a Risk Retention
Certificate to a person that is or will be a Plan, or any Person acting on behalf of any such plan or using the assets of a Plan
to purchase such Certificate will be effected through J.P. Morgan Securities LLC.



 


		4.	Check one of the following:



 


☐ The Transferor certifies,
represents and warrants to the Certificate Registrar, the “retaining sponsor” as such term is defined in the Credit
Risk Retention Rules or the Depositor that the transfer will occur during the Risk Retention Period and that the transfer will
comply with all applicable requirements of the Credit Risk Retention Rules.


 


☐ The Transferor certifies,
represents and warrants to the Certificate Registrar or the Depositor that the transfer will occur after the termination of the
Risk Retention Period.


 


		5.	The Transferor understands that the Transferee has delivered
to you a Transferee Certificate in the form attached to the Trust and Servicing Agreement as Exhibit J-4. The Transferor
does not know or believe that any representation contained therein is false.



 


IN WITNESS WHEREOF, the
Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this [__] day of
[____], 20[__].


 





	 	 	[TRANSFEROR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:





 




    Exhibit J-5-2


     


    

EXHIBIT J-6


 


FORM OF REQUEST OF SPONSOR CONSENT FOR RELEASE
OF THE HRR CERTIFICATES


 


[Date]






 


TO BE SENT BY ELECTRONIC MAIL TO THE CERTIFICATE
ADMINISTRATOR BY THIRD PARTY PURCHASER





Wells Fargo Bank, National Association





9062 Old Annapolis Road





Columbia, Maryland 21045





Attention: Risk Retention Custody –
JPMCC 2018-WPT





Email: RiskRetentionCustody@wellsfargo.com


 


TO BE SENT BY ELECTRONIC MAIL TO THE RETAINING
SPONSOR BY THE CERTIFICATE ADMINISTRATOR





JPMorgan Chase Bank, National Association





383 Madison Avenue, 8th Floor





New York, New York 10179





Attention: Kunal K. Singh





email: US_CMBS_Notice@jpmorgan.com


 


JPMorgan Chase Bank, National Association





4 New York Plaza, 21st Floor





New York, New York 10004





Attention: Bianca A. Russo, Esq.





email: US_CMBS_Notice@jpmorgan.com


 


		Re:	J.P. Morgan Chase Commercial Mortgage Securities Trust
Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”)



 


Ladies and Gentlemen:


 


This is delivered to
you in connection with the release (the “Release”) of $[_____] aggregate Certificate Balance of the Class HRR
Certificates from the Third Party Purchaser Safekeeping Account [and, in connection with the termination of the Risk Retention
Period (the completion of which is subject to the consent of the Retaining Sponsor), request to transfer such Class HRR Certificates
pursuant to the enclosed transfer certification].


 


The Certificates were
issued pursuant to the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and as
Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor. All


 






    Exhibit J-6-1


     


    

 


capitalized terms used but not otherwise defined herein shall have the respective meanings set forth
in the Trust and Servicing Agreement.


 


Check one
of the following:


 


 ☐  The Third Party Purchaser
certifies, represents and warrants to the Certificate Registrar, the “retaining sponsor” as such term is defined in
the Credit Risk Retention Rules or the Depositor that the release will occur during the Risk Retention Period and that the release
will comply with all applicable requirements of the Credit Risk Retention Rules.


 


 ☐  The Third Party Purchaser
certifies, represents and warrants to the Certificate Registrar or the Depositor that the transfer will occur after the termination
of the Risk Retention Period(the completion of which is subject to the consent of the Retaining Sponsor).


 


The Third Party Purchaser
hereby requests your written consent to the Release.


 


IMPORTANT NOTICE: IF YOU
FAIL TO RESPOND TO THE CERTIFICATE ADMINISTRATOR IN WRITING AT THE CONTACT INFORMATION SET FORTH BELOW WITHIN 10 BUSINESS DAYS
AFTER YOUR RECEIPT OF THIS REQUEST, THEN THE RELEASE WILL BE DEEMED TO HAVE BEEN APPROVED BY YOU UNDER THE TRUST AND SERVICING
AGREEMENT.


 


NOTWITHSTANDING THE FOREGOING,
ANY REQUEST TO RELEASE IN CONNECTION WITH A DETERMINATION THAT THE RISK RETENTION PERIOD HAS ENDED SHALL BE COUNTERSIGNED BY THE
RETAINING SPONSOR AND SHALL NOT BE RELEASED WITHOUT THE RETAINING SPONSOR’S COUNTERSIGNATURE.


 


The contact information of the
Certificate Administrator is:


 


Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – JPMCC 2018-WPT

Email: RiskRetentionCustody@wellsfargo.com


 






    Exhibit J-6-2


     


    

 





	 	Sincerely,
	 	 
	 	[THIRD PARTY PURCHASER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:





 





	CONSENT TO RELEASE:	 
	 	 
	RETAINING SPONSOR	 
	 	 
	By:	 
	Name:	 
	Title:	 
	Email:	 



  




    Exhibit J-6-3


     


    

EXHIBIT K-1


 


FORM OF INVESTOR CERTIFICATION
FOR NON-BORROWER AFFILIATES


 


[Date]


 


Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attn: Corporate Trust Services – CMBS JPMCC 2018-WPT


 


J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 31st Floor

New York, New York 10179

Attn: CMBS



Attention: J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates,  Series 2018-WPT


 


In accordance with
the requirements for obtaining certain information under, or the exercise of Voting Rights pursuant to the Trust and Servicing
Agreement, dated as of July 31, 2018 (the “Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator (in such capacity, the “Certificate Administrator”) and as Trustee, and Park Bridge
Lender Services LLC, as Operating Advisor, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:


 


1.              
The undersigned is either (a) a Certificateholder, a Beneficial Owner or a prospective purchaser of the Class ___ Certificates,
(b) a Trust Loan Seller that repurchases its interest in the Trust Loan, (c) the Directing Certificateholder or (d) a holder of
any Companion Loan (or any Companion Loan Security).


 


2.              
The undersigned is not a Borrower Affiliate, a Restricted Holder, a Manager, or an agent or an Affiliate of any of the
foregoing.


 


[3. The undersigned
is requesting access pursuant to the Agreement to certain information (the “Information”) on the Certificate
Administrator’s website and/or is requesting the information identified on the schedule attached hereto (also, the “Information”)
pursuant to the provisions of the Agreement.


 


 In consideration
of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential
(except from such outside persons as are assisting it in making an evaluation in connection with purchasing the related Certificates,
from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned
is subject), and such Information will


 






    Exhibit K-1-1


     


    

  


not, without the prior written consent of the Certificate Administrator, be otherwise disclosed
by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the “Representatives”)
in any manner whatsoever, in whole or in part; provided, however, that the obligations of the undersigned to keep
any such information confidential shall expire one year following the date that the undersigned is no longer a Certificateholder
or a Beneficial Owner of a Class of Certificates or is not a purchaser of Certificates in the case of a prospective purchaser.


 


The undersigned will
not use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933,
as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration
of any Certificate not previously registered pursuant to Section 5 of the Securities Act.]


 


4.             The undersigned shall be fully liable for any breach of this certificate by itself or any of its Representatives and shall
indemnify the Depositor, the Operating Advisor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.


 


5.             The undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed
to have recertified that the representations and covenants contained herein remain true and correct.


 


6.             Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.


 


BY ITS CERTIFICATION
HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be signed hereto by its
duly authorized signatory, as of the date certified.


 








	[________]
	 	 
	
	 	 
	By:	 



 


	Name: 	 



 


	Title: 	 



 


	Company: 	 



 


	Phone: 	 



 













    Exhibit K-1-2


     


    

 


EXHIBIT K-2



FORM OF INVESTOR CERTIFICATION FOR BORROWER AFFILIATES


 


[Date]


 


Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, MD 21045

Attn: Corporate Trust Services – CMBS JPMCC 2018-WPT



Attention:          J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates,  Series 2018-WPT


 


In accordance with
the requirements for obtaining certain information under, or the exercise of Voting Rights pursuant to, the Trust and Servicing
Agreement, dated as of July 31, 2018 (the “Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator (in such capacity, the “Certificate Administrator”) and as Trustee, and Park Bridge
Lender Services LLC, as Operating Advisor, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:


 


1.             The undersigned is either (a) a Certificateholder, a Beneficial Owner or a prospective purchaser of the Class ___ Certificates,
(b) a Trust Loan Seller that repurchases its interest in the Trust Loan, (c) the Directing Certificateholder or (d) a holder of
any Companion Loan (or any Companion Loan Security).


 


2.             The undersigned is a Borrower Affiliate, a Restricted Holder, a Manager, or an agent or Affiliate of the foregoing. 


 


3.             The undersigned is requesting access to the Distribution Date Statement information in accordance with the Agreement (the
“Information”) and agrees to keep the Information confidential (except from such outside persons as are assisting
it in making an evaluation in connection with purchasing the related Certificates from its accountants and attorneys, and otherwise
from such governmental or banking authorities or agencies to which the undersigned is subject), and such Information will not,
without the prior written consent of the Certificate Administrator, be otherwise disclosed by the undersigned or by its officers,
directors, partners, employees, agents or representatives (collectively, the “Representatives”) in any manner
whatsoever, in whole or in part.


 


The undersigned will
not use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933,
as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration
of any Certificate not previously registered pursuant to Section 5 of the Securities Act.


 


 



    Exhibit K-2-1


     


    




4.                 
The undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall
indemnify the Depositor, the Operating Advisor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.


 


5.                 
Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.


 


BY ITS CERTIFICATION
HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be signed hereto by its
duly authorized signatory, as of the date certified.








	 	 
	 	 
	
	[________]
	 
	By:	 



 


	Name: 	 



 


	Title: 	 



 


	Company: 	 



 


	Phone: 	 



 






    Exhibit K-2-2


     


    



 


EXHIBIT
L


 


APPLICABLE
SERVICING CRITERIA


 


The
assessment of compliance to be delivered by the referenced party shall address, at a minimum, the criteria identified below as
“Applicable Servicing Criteria” applicable to such party, as such criteria may be updated or limited by the Commission
or its staff (including, without limitation, not requiring the delivery of certain of the items set forth on this Exhibit based
on interpretive guidance provided by the Commission or its staff relating to Item 1122 of Regulation AB). For the avoidance of
doubt, for purposes of this Exhibit L, other than with respect to Item 1122(d)(2)(iii), references to Servicer below shall include
any Sub-Servicer engaged by a Servicer or Special Servicer.


 





	 	APPLICABLE
    Servicing Criteria 	applicable
    PARTY
	Reference	Criteria	 
	 	General
    Servicing Considerations	 
	1122(d)(1)(i)	Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.	Servicer

                                         Special Servicer 

        Certificate
        Administrator 

	1122(d)(1)(ii)	If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
    party’s performance and compliance with such servicing activities.	Servicer

                                         Special Servicer 

        Certificate
        Administrator 

	1122(d)(1)(iii)	Any
    requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout
    the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Servicer 

        Special
        Servicer 

	1122(d)(1)(v)	Aggregation
    of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	Servicer
	 	Cash
    Collection and Administration	 
	1122(d)(2)(i)	Payments
    on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
    two business days following receipt, or such other number of days specified in the transaction agreements.	Servicer 

        Special
        Servicer 

	1122(d)(2)(ii)	Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate
    Administrator

     
	1122(d)(2)(iii)	Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
    advances, are made, reviewed and approved as specified in the transaction agreements.	Servicer
	1122(d)(2)(iv)	The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization,
    are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	Servicer

                                         Special Servicer 

        Certificate
        Administrator 

	1122(d)(2)(v)	Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.
    For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial
    institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	Servicer

                                         Special Servicer 

        Certificate
        Administrator 



 






    Exhibit L-1


     


    

 


	 	APPLICABLE
    Servicing Criteria 	applicable
    PARTY
	Reference	Criteria	 
	1122(d)(2)(vi)	Unissued
    checks are safeguarded so as to prevent unauthorized access.	Servicer

                                         Special Servicer 

        Certificate
        Administrator 

	1122(d)(2)(vii)	Reconciliations
    are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related
    bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after
    the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved
    by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These
    reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified
    in the transaction agreements.	Servicer

    Special Servicer

    Certificate Administrator
	 	Investor
    Remittances and Reporting	 
	1122(d)(3)(i)	Reports
    to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements
    and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other
    terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in
    the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with
    investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced
    by the Reporting Servicer.	N/A
	1122(d)(3)(ii)	Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth
    in the transaction agreements.	N/A
	1122(d)(3)(iii)	Disbursements
    made to an investor are posted within two business days to the Servicer’s investor records, or such other number of
    days specified in the transaction agreements.	N/A
	1122(d)(3)(iv)	Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	N/A
	 	Pool
    Asset Administration	 
	1122(d)(4)(i)	Collateral
    or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Servicer

    Special Servicer

    Certificate Administrator
	1122(d)(4)(ii)	Mortgage
    loan and related documents are safeguarded as required by the transaction agreements	N/A
	1122(d)(4)(iii)	Any
    additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or
    requirements in the transaction agreements.	Servicer

    Special Servicer
	1122(d)(4)(iv)	Payments
    on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s
    obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction
    agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan
    documents.	Servicer
	1122(d)(4)(v)	The
    Reporting Servicer’s records regarding the mortgage loans agree with the Reporting Servicer’s records with respect
    to an obligor’s unpaid principal balance.	Servicer
	1122(d)(4)(vi)	Changes
    with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made,
    reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Servicer

    Special Servicer
	1122(d)(4)(vii)	Loss
    mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and
    repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements
    established by the transaction agreements.	Special
                                         Servicer 

        Operating
        Advisor 



 






    Exhibit L-2


     


    

 


	 	APPLICABLE
    Servicing Criteria 	applicable
    PARTY
	Reference	Criteria	 
	1122(d)(4)(viii)	Records
    documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction
    agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements,
    and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters
    and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Servicer

    Special Servicer
	1122(d)(4)(ix)	Adjustments
    to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan
    documents.	Servicer
	1122(d)(4)(x)	Regarding
    any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s
    mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest
    on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and
    (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such
    other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xi)	Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates,
    as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer
    at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xii)	Any
    late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s
    funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Servicer
	1122(d)(4)(xiii)	Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer,
    or such other number of days specified in the transaction agreements.	Servicer
	1122(d)(4)(xiv)	 Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Servicer
	1122(d)(4)(xv)	Any
    external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained
    as set forth in the transaction agreements.	N/A




 


At
all times that the Servicer and Special Servicer are the same entity, the Servicer and the Special Servicer may provide a combined
assessment of compliance in respect of their combined responsibilities under Section 1122 of Regulation AB.


 




    Exhibit L-3


     


    

 


EXHIBIT
M



NRSRO CERTIFICATION


 


[Date]


 


Wells
Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, MD 21045

Attention: Corporate Trust Services CMBS – JPMCC 2018-WPT




Attention:          J.P.
Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates,  Series 2018-WPT


 


In
accordance with the requirements for obtaining certain information pursuant to the Trust and Servicing Agreement, dated as of
July 31, 2018 (the “Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor, with respect to the above-referenced certificates (the
“Certificates”), the undersigned hereby certifies and agrees as follows:


 


		1.	(a)
                                         The undersigned is a Rating Agency; or



 


(b)
The undersigned is a nationally recognized statistical rating organization and has provided the Depositor with the appropriate
certifications under Exchange Act Rule 17g-5(e), has access to the Depositor’s 17g-5 website, is requesting access pursuant
to the Agreement to certain information (the “Information”) on the 17g-5 Information Provider’s Website
pursuant to the provisions of the Agreement, and agrees that it shall be bound by the provisions of the confidentiality agreement
attached hereto as Annex A, which shall be applicable to the undersigned with respect to any information obtained from the 17g-5
Information Provider’s Website, including any information that is obtained from the section of the 17g-5 Information Provider’s
Website that host the Depositor’s 17g-5 website after the Closing Date.


 


		2.	The
                                         undersigned agrees that each time it accesses the 17g-5 Information Provider’s
                                         Website, it is deemed to have recertified that the representations herein contained remain
                                         true and correct.



 


Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.


 






    Exhibit M-1


     


    

 


BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.


	 	 
	Nationally Recognized Statistical Rating Organization



 


	Name: 	 



 


	Title: 	 



 


	Company: 	 



 


	Phone: 	 



 






	Email: 	 



 






    Exhibit M-2


     


    

 

ANNEX
A


 


CONFIDENTIALITY
AGREEMENT


 


This
Confidentiality Agreement (the “Confidentiality Agreement”) is made in connection with JP Morgan Securities
LLC (together with its affiliates, the “Furnishing Entities” and each a “Furnishing Entity”)
furnishing certain financial, operational, structural and other information relating to the issuance of the J.P. Morgan Chase
Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”)
pursuant to the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust and Servicing Agreement”),
by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association, as Servicer and
as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator and as Trustee, and Park Bridge Lender
Services LLC, as Operating Advisor and the assets underlying or referenced by the Certificates, including the identity of, and
financial information with respect to borrowers, sponsors, guarantors, managers and lessees with respect to such assets (together,
the “Collateral”) to you (the “NRSRO”) through the website of Wells Fargo Bank, National
Association, as 17g-5 Information Provider under the Trust and Servicing Agreement, including the section of the 17g-5 Information
Provider’s website that hosts the Depositor’s 17g-5 website after the Closing Date (as defined in the Trust and Servicing
Agreement). Information provided by each Furnishing Entity is labeled as provided by the specific Furnishing Entity.


 


Definition
of Confidential Information. For purposes of this Confidentiality Agreement, the term “Confidential Information”
shall include the following information (irrespective of its source or form of communication, including information obtained by
you through access to this site) that may be furnished to you by or on behalf of a Furnishing Entity in connection with the issuance
or monitoring of a rating with respect to the Certificates: (x) all data, reports, interpretations, forecasts, records, agreements,
legal documents and other information (such information, the “Evaluation Material”) and (y) any of the terms,
conditions or other facts with respect to the transactions contemplated by the Trust and Servicing Agreement, including the status
thereof; provided, however, that the term Confidential Information shall not include information which:


 


		●	was
                                         or becomes generally available to the public (including through filing with the Securities
                                         and Exchange Commission or disclosure in an offering document) other than as a result
                                         of a disclosure by you or a NRSRO Representative (as defined in Section 2(c)(i)
                                         below) in violation of this Confidentiality Agreement;



 


		●	was
                                         or is lawfully obtained by you from a source other than a Furnishing Entity or its representatives
                                         that (i) is reasonably believed by you to be under no obligation to maintain the information
                                         as confidential and (ii) provides it to you without any obligation to maintain the information
                                         as confidential; or



 


		●	is
                                         independently developed by the NRSRO without reference to any Confidential Information.



 






    Exhibit M-3


     


    

 


Information
to Be Held in Confidence.


 


You
will use the Confidential Information solely for the purpose of determining or monitoring a credit rating on the Certificates
and, to the extent that any information used is derived from but does not reveal any Confidential Information, for benchmarking,
modeling or research purposes (the “Intended Purpose”).


 


You
acknowledge that you are aware that the United States and state securities laws impose restrictions on trading in securities when
in possession of material, non-public information and that the NRSRO will advise (through policy manuals or otherwise) each NRSRO
Representative who is informed of the matters that are the subject of this Confidentiality Agreement to that effect.


 


You
will treat the Confidential Information as private and confidential. Subject to Section 4, without the prior written consent of
the applicable Furnishing Entity, you will not disclose to any person any Confidential Information, whether such Confidential
Information was furnished to you before, on or after the date of this Confidentiality Agreement. Notwithstanding the foregoing,
you may:


 


		●	disclose
                                         the Confidential Information to any of the NRSRO’s affiliates, directors, officers,
                                         employees, legal representatives, agents and advisors (each, a “NRSRO Representative”)
                                         who, in the reasonable judgment of the NRSRO, need to know such Confidential Information
                                         in connection with the Intended Purpose; provided, that, prior to disclosure of
                                         the Confidential Information to a NRSRO Representative, the NRSRO shall have taken reasonable
                                         precautions to ensure, and shall be satisfied, that such NRSRO Representative will act
                                         in accordance with this Confidentiality Agreement;



 


		●	solely
                                         to the extent required for compliance with Rule 17g-5(a)(3) of the Act (17 C.F.R. 240.17g-5),
                                         post the Confidential Information to the NRSRO’s password protected website; and



 


		●	use
                                         information derived from the Confidential Information in connection with an Intended
                                         Purpose, if such derived information does not reveal any Confidential Information.



 


Disclosures
Required by Law. If you or any NRSRO Representative is requested or required (orally or in writing, by interrogatory, subpoena,
civil investigatory demand, request for information or documents, deposition or similar process relating to any legal proceeding,
investigation, hearing or otherwise) to disclose any Confidential Information, you agree to provide the relevant Furnishing Entity
with notice as soon as practicable (except in the case of regulatory or other governmental inquiry, examination or investigation,
and otherwise to the extent practical and permitted by law, regulation or regulatory or other governmental authority) that a request
to disclose the Confidential Information has been made so that the relevant Furnishing Entity may seek an appropriate protective
order or other reasonable assurance that confidential treatment will be accorded the Confidential Information if it so chooses.
Unless otherwise required by a court or other governmental or regulatory authority to do so, and


 



    Exhibit M-4


     


    

 


provided that you been informed
by written notice that the related Furnishing Entity is seeking a protective order or other reasonable assurance for confidential
treatment with respect to the requested Confidential Information, you agree not to disclose the Confidential Information while
the Furnishing Entity’s effort to obtain such a protective order or other reasonable assurance for confidential treatment
is pending. You agree to reasonably cooperate with each Furnishing Entity in its efforts to obtain a protective order or other
reasonable assurance that confidential treatment will be accorded to the portion of the Confidential Information that is being
disclosed, at the sole expense of such Furnishing Entity; provided, however, that in no event shall the NRSRO be
required to take a position that such information should be entitled to receive such a protective order or reasonable assurance
as to confidential treatment. If a Furnishing Entity succeeds in obtaining a protective order or other remedy, you agree to comply
with its terms with respect to the disclosure of the Confidential Information, at the sole expense of such Furnishing Entity.
If a protective order or other remedy is not obtained or if the relevant Furnishing Entity waives compliance with the provisions
of this Confidentiality Agreement in writing, you agree to furnish only such information as you are legally required to disclose,
at the sole expense of the relevant Furnishing Entity.


 


Obligation
to Return Evaluation Material. Promptly upon written request by or on behalf of the relevant Furnishing Entity, all material
or documents, including copies thereof, that contain Evaluation Material will be destroyed or, in your sole discretion, returned
to the relevant Furnishing Entity. Notwithstanding the foregoing, (a) the NRSRO may retain one or more copies of any document
or other material containing Evaluation Material to the extent necessary for legal or regulatory compliance (or compliance with
the NRSRO’s internal policies and procedures designed to ensure legal or regulatory compliance) and (b) the NRSRO may retain
any portion of the Evaluation Material that may be found in backup tapes or other archive or electronic media or other documents
prepared by the NRSRO and any Evaluation Material obtained in an oral communication; provided, that any Evaluation Material
so retained by the NRSRO will remain subject to this Confidentiality Agreement and the NRSRO will remain bound by the terms of
this Confidentiality Agreement.


 


Violations
of this Confidentiality Agreement.


 


The
NRSRO will be responsible for any breach of this Confidentiality Agreement by you, the NRSRO or any NRSRO Representative.


 


You
agree promptly to advise each relevant Furnishing Entity in writing of any misappropriation or unauthorized disclosure or use
by any person of the Confidential Information which may come to your attention and to take all steps reasonably requested by such
Furnishing Entity to limit, stop or otherwise remedy such misappropriation, or unauthorized disclosure or use.


 


You
acknowledge and agree that the Furnishing Entities would not have an adequate remedy at law and would be irreparably harmed in
the event that any of the provisions of this Confidentiality Agreement were not performed in accordance with their specific terms
or were otherwise breached. It is accordingly agreed that each Furnishing Entity shall be entitled to specific performance and
injunctive relief to prevent breaches of this Confidentiality Agreement and to specifically enforce the terms and provisions hereof,
in addition to any other remedy to


 



    Exhibit M-5


     


    

 


which a Furnishing Entity may be entitled at law or in equity. It is further understood and
agreed that no failure to or delay in exercising any right, power or privilege hereunder shall preclude any other or further exercise
of any right, power or privilege.


 


Term.
Notwithstanding the termination or cancellation of this Confidentiality Agreement and regardless of whether the NRSRO has provided
a credit rating on a Security, your obligations under this Confidentiality Agreement will survive indefinitely.


 


Governing
Law. This Confidentiality Agreement and any claim, controversy or dispute arising under the Confidentiality Agreement, the
relationships of the parties and/or the interpretation and enforcement of the rights and duties of the parties shall be governed
by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed within
such State.


 


Amendments.
This Confidentiality Agreement may be modified or waived only by a separate writing by the NRSRO and each Furnishing Entity.


 


Entire
Agreement. This Confidentiality Agreement represents the entire agreement between you and the Furnishing Entities relating
to the treatment of Confidential Information heretofore or hereafter reviewed or inspected by you. This agreement supersedes all
other understandings and agreements between us relating to such matters; provided, however, that, if the terms of
this Confidentiality Agreement conflict with another agreement relating to the Confidential Information that specifically states
that the terms of such agreement shall supersede, modify or amend the terms of this Confidentiality Agreement, then to the extent
the terms of this Confidentiality Agreement conflict with such agreement, the terms of such agreement shall control notwithstanding
acceptance by you of the terms hereof by entry into this website.


 


Contact
Information. Notices for each Furnishing Entity under this Confidentiality Agreement, shall be directed as set forth below:


 


	 	JP
Morgan Securities LLC

383 Madison Avenue, 8th Floor

New York, New York 10179



 




    Exhibit M-6


     


    

 


EXHIBIT
N-1



 


 


[RESERVED]


 




    Exhibit N-1-1


     


    

 


EXHIBIT
N-2


 


[RESERVED]


 




    Exhibit N-2-1


     


    

 


EXHIBIT
O


 


FORM
OF ONLINE MARKET DATA PROVIDER CERTIFICATE


 


This
Certification has been prepared for provision of information to the market data providers listed in Paragraph 1 below pursuant
to the direction of the Depositor. If you represent a Market Data Provider not listed herein and would like access to the information,
please contact CTSLink at 866-846-4526, or at ctslink.customerservice@wellsfargo.com.


 



 


In
connection with the J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates,
Series 2018-WPT (the “Certificates”), the undersigned hereby certifies and agrees as follows:


 


		1.	The
                                         undersigned is an employee or agent of Bloomberg L.P., Trepp, LLC, Intex Solutions, Inc.,
                                         BlackRock Financial Management, Inc., Interactive Data Corporation, CMBS.com Inc., Thomson
                                         Reuters, Moody’s Analytics, Markit Group Limited, or MBS Data, LLC, a market data
                                         provider that has been given access to the Distribution Date Statements, CREFC Reports
                                         and supplemental notices on www.ctslink.com (“CTSLink”) by request
                                         of the Depositor.



 


		2.	The
                                         undersigned agrees that each time it accesses CTSLink, the undersigned is deemed to have
                                         recertified that the representation above remains true and correct.



 


		3.	The
                                         undersigned acknowledges and agrees that the provision to it of information and/or reports
                                         on CTSLink is for its own use only, and agrees that it will not disseminate or otherwise
                                         make such information available to any other person without the written consent of the
                                         Depositor, and any confidentiality agreement applicable to the undersigned with respect
                                         to information obtained from the Depositor’s 17g-5 website shall also be applicable
                                         to information obtained from CTSLink.



 


		4.	The
                                         undersigned shall be fully liable for any breach of this agreement by itself or any of
                                         its representatives and shall indemnify the Depositor, the Operating Advisor, the Trustee,
                                         the Certificate Administrator, the Servicer, the Special Servicer and the Trust for any
                                         loss, liability or expense incurred thereby with respect to any such breach by the undersigned
                                         or any of its representatives.



 


		5.	Capitalized
                                         terms used but not defined herein shall have the respective meanings assigned thereto
                                         in the agreement pursuant to which the Certificates were issued.



 


BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.


 






    Exhibit O-1


     


    

 





	By:	 
		Name:
	 	Title:


 






    Exhibit O-2


     


    

 





EXHIBIT
P


 


FORM
OF INVESTMENT REPRESENTATION LETTER


 


Wells
Fargo Bank, National Association,

as Certificate Administrator


600
South 4th Street, 7th Floor 


MAC
N9300-070

Minneapolis, MN 55479

Attention: CMBS – JPMCC 2018-WPT


 


J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 31st Floor

New York, New York 10017

Attention: Real Estate Structured Finance – Securitization Group


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT



 


Ladies
and Gentlemen:


 


This
letter is delivered pursuant to Section 5.1 of the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust
and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank
National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor, on behalf of the holders of the J.P. Morgan Chase Commercial
Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”)
in connection with the transfer by _________________ (the “Seller”) to the undersigned (the “Purchaser”)
of $_______________ aggregate Certificate Balance of Class ___ Certificates (the “Certificate”). Capitalized
terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Trust and Servicing
Agreement.


 


In
connection with such transfer, the Purchaser hereby represents and warrants to you and the addressees hereof as follows:


 


1.            [For
Institutional Accredited Investors only] The Purchaser is not purchasing a Class R Certificate and the Purchaser is an institutional
“accredited investor” (an entity meeting the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation D under
the Securities Act of 1933, as amended (the “Securities Act”)) or an entity all of the equity owners of which
are such institutions, and has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of its investment in the Certificates, and the Purchaser and any accounts for which it is acting are each
able to bear the economic risk of the Purchaser’s or such account’s investment. The Purchaser is acquiring the Certificates
purchased by it for its own account or for one or more accounts (each of which is an institutional “accredited investor”)
as to each of which the Purchaser exercises sole investment discretion.


 



    Exhibit P-1


     


    

 


The Purchaser hereby undertakes to reimburse the Trust
for any costs incurred by it in connection with this transfer.


 


[For
Qualified Institutional Buyers only] The Purchaser is a “qualified institutional buyer” within the meaning of Rule
144A (“Rule 144A”) promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
The Purchaser is aware that the transfer is being made in reliance on Rule 144A, and the Purchaser has had the opportunity to
obtain the information required to be provided pursuant to paragraph (d)(4)(i) of Rule 144A.


 


2.            The
Purchaser’s intention is to acquire the Certificate (a) for investment for the Purchaser’s own account or (b) for
resale to (i) “qualified institutional buyers” in transactions under Rule 144A, and not in any event with the view
to, or for resale in connection with, any distribution thereof, or (ii) (other than with respect to a Class R Certificate) to
non-U.S. Securities Persons in “offshore transactions” as defined in Rule 902(h) of Regulation S promulgated under
the Securities Act, subject in each case to the delivery of a Transfer Certificate in the form of Exhibit G, Exhibit H or Exhibit
I, as applicable, to the Trust and Servicing Agreement. The Purchaser understands that the Certificate (and any subsequent Certificate
issued in transfer or exchange therefor) has not been registered under the Securities Act, by reason of a specified exemption
from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the Purchaser’s
investment intent (or intent to resell to only certain investors in certain exempted transactions) as expressed herein.


 


3.            The
Purchaser has reviewed the preliminary Offering Circular and the final Offering Circular relating to the Certificates (collectively,
the “Offering Circular”) and the agreements and other materials referred to therein and has had the opportunity
to ask questions and receive answers concerning the terms and conditions of the transactions contemplated by the Offering Circular.


 


4.            The
Purchaser acknowledges that the Certificate (and any Certificate issued in transfer or exchange therefor) has not been registered
or qualified under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Certificate
cannot be resold unless it is registered or qualified thereunder or unless an exemption from such registration or qualification
is available.


 


5.            The
Purchaser hereby undertakes to be bound by the terms and conditions of the Trust and Servicing Agreement in its capacity as an
owner of a Certificate or Certificates, as the case may be (each, a “Certificateholder”), in all respects as
if it were a signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar and all Certificateholders
present and future.


 


6.            The
Purchaser will not sell or otherwise transfer all or any portion of the Certificates, except in compliance with Section 5.3 of
the Trust and Servicing Agreement.


 






    Exhibit P-2


     


    

 


7.            Check
one of the following:**


 


		☐	The
                                         Purchaser is a U.S. Person (as defined below) and it has attached hereto an Internal
                                         Revenue Service (“IRS”) Form W-9 (or successor form).



 


		☐	The
                                         Purchaser is not a U.S. Person and under applicable law in effect on the date hereof,
                                         no taxes will be required to be withheld by the Certificate Administrator (or its agent)
                                         with respect to distributions to be made on the Certificate. The Purchaser has attached
                                         hereto [(i) a duly executed IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or successor
                                         form), which identifies such Purchaser as the beneficial owner of the Certificate and
                                         states that such Purchaser is not a U.S. Person, (ii) IRS Form W-8IMY (with all appropriate
                                         attachments) or (iii)]*** two duly executed copies of IRS Form W-8ECI (or
                                         successor form), which identify such Purchaser as the beneficial owner of the Certificate
                                         and state that interest and original issue discount on the Certificate and Permitted
                                         Investments is, or is expected to be, effectively connected with a U.S. trade or business.
                                         The Purchaser agrees to provide to the Certificate Registrar updated [IRS Form W-8BEN,
                                         IRS Form W-8BEN-E, IRS Form W-8IMY or]*** IRS Form W-8ECI, [as the case may be,]*** any
                                         applicable successor IRS forms, or such other certifications as the Certificate Registrar
                                         may reasonably request, on or before the date that any such IRS form or certification
                                         expires or becomes obsolete, or promptly after the occurrence of any event requiring
                                         a change in the most recent IRS form of certification furnished by it to the Certificate
                                         Registrar.



 


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


 





 



 





**
Each Purchaser must include one of the two alternative certifications.


 


*** Does not apply
to a transfer of Class R Certificates.


 






    Exhibit P-3


     


    

 


8.            Please
make all payments due on the Certificates:****


 


		☐	(a)	by
wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:



 


	Bank: 	 






	ABA #: 	 






	Account #: 	 






	Attention: 	 





 


		☐	(b) 	by mailing a check or draft to the following address:



 


		 
	 	 
	 	 


 


9.            If
the Purchaser is purchasing a Class R Certificate, the Purchaser is not a partnership (including any entity treated as a partnership
for U.S. federal income tax purposes), any interest in which is owned, directly or indirectly, through one or more partnerships,
trusts or other pass-through entities by a non-U.S. Person.


 





	 	Very truly yours,
	 	 	 
	 	 	[The Purchaser]
	 	 	 
	 	By:	 
	 	 	Name:

Title:


Date


 





 



 


****
Only to be filled out by Purchasers of Definitive Certificates. Please select (a) or (b). For holders of Definitive Certificates,
wire transfers are only available if such holder’s Definitive Certificates have an aggregate Certificate Balance
or Notional Amount, as applicable, of at least U.S. $5,000,000. 


  


 




    Exhibit P-4


     


    

 


EXHIBIT
Q


 


CREFC®
PAYMENT INFORMATION


 


Payments
shall be made to “CRE Finance Council” and sent to:

Commercial Real Estate Finance Council, Inc.

28 West 44th Street, Suite 815

New York, NY 10036

Attn: Executive Director


 


or
by wire transfer to:



Account Name: Commercial Real Estate Finance Council (CREFC)

Bank Name: Chase

Bank Address: 80 Broadway, New York, NY 10005

Routing Number: 021000021

Account Number: 213597397


 




    Exhibit Q-1


     


    

 


EXHIBIT
R


 


ADDITIONAL
FORM 10-D DISCLOSURE


 


For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column are obligated pursuant to Section 13.4 of the Trust and Servicing Agreement to disclose
to each Other Exchange Act Reporting Party and each Other Depositor to which the particular Additional Form 10-D Disclosure is
relevant for Exchange Act reporting purposes, any information described in the corresponding Form 10-D Item described in the “Item
on Form 10-D” column to the extent such party has knowledge (and in the case of net operating income information, financial
statements, annual operating statements, budgets and/or rent rolls required to be provided in connection with Item 6 below, possession)
of such information (other than information as to itself). Each of the Operating Advisor, the Certificate Administrator, the Trustee,
the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor (in its capacity as such)
shall be entitled to rely on the accuracy of the Offering Circular and the offering materials with respect to any related Other
Securitization Trust (other than information with respect to itself that is set forth in or omitted from such offering materials
or the Offering Circular), in the absence of specific notice to the contrary from the Depositor, Other Depositor or a Trust Loan
Seller. Each of the Operating Advisor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each Other
Exchange Act Reporting Party and the Other Depositor (in its capacity as such) shall be entitled to assume that there is no “significant
obligor” other than a party or property identified as such in the prospectus relating to the Other Securitization and to
assume that no other party or property will constitute a “significant obligor” after the Cut-off Date. In no event
shall the Servicer or the Special Servicer be required to provide any information for inclusion in a Form 10-D that relates to
any Mortgage Loan for which the Servicer or the Special Servicer is not the Servicer or the Special Servicer, as the case may
be. For this Agreement and any Other Securitization Trust, each of the Operating Advisor, the Certificate Administrator, the Trustee,
the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor (in its capacity as such)
shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning
of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Offering Circular and the offering materials
with respect to any related Other Securitization Trust.


 





	Item on Form 10-D	Party Responsible
	
        Item 1A: Distribution and Pool Performance Information:

         

        ●     Item
        1121(a)(13) of Regulation AB

         
	●     Certificate Administrator
	Item 1B: Distribution and Pool Performance	●     Certificate Administrator



 






    Exhibit R-1


     


    

 




	Item on Form 10-D	Party Responsible
	
        Information:

         

        ●     Item
        1121(a)(14) of Regulation AB 

         
	
        ●     Depositor

         

	
        Item 2: Legal Proceedings:

         

        ●     Item
        1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described therein that
        are material to security holders)

         
	
        ●     Servicer
        (as to itself)

         

        ●     Special
        Servicer (as to itself)

         

        ●     Certificate
        Administrator (as to itself)

         

        ●     Trustee
        (as to itself)

         

        ●     Depositor
        (as to itself)

         

        ●     Operating
        Advisor (as to itself)

         

        ●     Any
        other Reporting Servicer (as to itself)

         

        ●     Trustee/Certificate
        Administrator/Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal control of the proceedings)

         

        ●     Each
        Trust Loan Seller as sponsor (as defined in Regulation AB)

         

        ●     Originators
        under Item 1110 of Regulation AB

         

        ●     Party
        under Item 1100(d)(1) of Regulation AB

         

	Item 3: Sale of Securities and Use of Proceeds	   ●     Depositor
	Item 4: Defaults Upon Senior Securities	   ●     Certificate Administrator
	Item 5: Submission of Matters to a Vote of Security Holders	   ●     Certificate Administrator
	Item 6: Significant Obligors of Pool Assets:	   ●     Servicer (excluding information for which



 






    Exhibit R-2


     


    

 







	Item on Form 10-D	Party Responsible
	
        ●     Item
1112(b) of Regulation AB provided, however, that all of the following conditions shall apply:

         

        (a) information shall be required to be reported only with respect
        to a party or property (if any) identified as a “significant obligor” in the prospectus relating to the Companion Loan
        Securities;

         

        (b) the information to be reported shall consist of such quarterly
        and annual operating statements, budgets and rent rolls of the related Mortgaged Property or REO Property (as applicable), and
        quarterly and annual financial statements of the related Borrower (except in the case of an REO Property), received or prepared
        by the “Party Responsible” pursuant to its obligations under Section 3.18 of this Trust and Servicing Agreement; provided,
        however, that for a significant obligor under item 1101(k)(2) of Regulation AB, only net operating income for the most recent
        fiscal year and interim period is required and, if such information for a prior period was required but not previously reported,
        such information for such prior period; and

         

        (c) the information shall be reportable in the Form 10-D that
        relates to the Distribution Date that immediately follows the Collection Period in which the information was received or prepared
        by the “Party Responsible” as described in clause (b) above.

         
	
        the Special Servicer is the
        “Party Responsible”)

         

        ●     Special
        Servicer (as to REO Property)

         

	
        Item 7: Significant Enhancement Provider Information:

         

        ●     Item
1114(b)(2) and Item 1115(b) of Regulation AB
	●        Depositor



 






    Exhibit R-3


     


    

 







	Item on Form 10-D	Party Responsible
	Item 8: Other Information, but only to the extent of any information that meets all the following conditions: (a) such information constitutes “Additional Form 8-K Disclosure” pursuant to Exhibit T, (b) such information is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and (c) such information was not previously reported as “Additional Form 8-K Disclosure”.	
        ●     Certificate
        Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent that such party is the “Party Responsible”
        with respect to such information pursuant to Exhibit T.

         

        ●     Certificate
        Administrator (including the balances of the Distribution Account, the Interest Reserve Account and the Gain-on-Sale Reserve Account
        as of the related Distribution Date and the preceding Distribution Date)

         

        ●     Servicer
        (with respect to the balances of each REO Account (to the extent the related information has been received from the Special Servicer
        within the time period specified in Section 13.4 of the Trust and Servicing Agreement) and the Collection Account as of the related
        Distribution Date and the preceding Distribution Date)

         

        ●     Special
        Servicer (with respect to the balance of each REO Account as of the related Distribution Date and the preceding Distribution Date)

         

        ●     Any
other party responsible for disclosure items on Form 8-K (including each applicable Seller with respect to Item 1100(e) of Regulation
AB to the extent material to Certificateholders)

	
        

        Item 9: Exhibits (no. 3):

         

        Articles of incorporation and by-laws (Exhibit No.
3(i) and 3(ii) of Item 601 of Regulation S-K)
	   ●    Depositor
	
        

        Item 9: Exhibits (no. 4):

         

        With respect to instruments defining the
	
           ●    Certificate
Administrator

         

           ●    Depositor 






 






    Exhibit R-4


     


    

 


	Item on Form 10-D	Party Responsible
	
        rights of security holders (Exhibit No. 4 of Item 601 of Regulation
        S-K)

         
	
        provided, in each case, that this shall in no event
        be construed to make such party responsible for the initial filing of this Trust and Servicing Agreement

         

        provided further, in each case, that
in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator, then the Depositor
shall be the responsible party. 

	
         

        Item 9: Exhibits (no. 10):

         

        Material contracts (Exhibit No. 10 of Item 601 of Regulation
        S-K)

         
	●     Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all the following conditions: (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust.
	
         

        Item 9: Exhibits (no. 22):

         

        Published Report Regarding Matters Submitted to a Vote
of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K), but only if the party that is the “Party Responsible”
with respect to Item 5 above elects to publish a report containing the information required by such Item 5 above and also elects
to report the information on Form 10-D by means of filing the published report and answering Item 5 by referencing the published
report. 
	●     The applicable party that is the “Party Responsible” with respect to Item 5 as set forth above.
	
         

        Item 9: Exhibits (no. 23):

         

        Consents of Experts and Counsel (Exhibit No. 23(ii)
of Item 601 of Regulation S-K), where the filing of a written consent is required with respect to material (in the Form 10-D)
that is incorporated by reference in the Depositor’s registration statement.
	●     Depositor



 






    Exhibit R-5


     


    

 







	Item on Form 10-D	Party Responsible
	
         

        Item 9: Exhibits (no. 24)

         

        Power of Attorney (Exhibit No. 24 of Item 601 of Regulation
S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the Form 10-D on behalf of a
party, is signed pursuant to a power of attorney. 
	●     Certificate Administrator
	
         

        Item 9: Exhibits (no. 99)

         

        Additional exhibits (Exhibit No. 99 of Item 601 of
Regulation S-K) 
	●     Not Applicable.
	
         

        Item 9: Exhibits (no. 100)

         

        BRL-Related Documents (Exhibit No. 100 of Item 601
of Regulation S-K). 
	●     Not Applicable.
	Item 9: Exhibits (By Operation of Item 8 Above), but only to the extent of any document that meets all the following conditions: (a) such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d) of Exhibit T, (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●     Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible” for the exhibit pursuant to Item 9(d) of Exhibit T (it being acknowledged that none of the Servicer or the Special Servicer constitutes a “Party Responsible” under Exhibit T with respect to any exhibits to a Form 10-K); provided, in each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator, then the Depositor shall be the responsible party for this Item 9.




 






    Exhibit R-6


     


    



 


EXHIBIT
S


 


ADDITIONAL
FORM 10-K DISCLOSURE


 


For so long as any Other
Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified in the “Party Responsible”
column are obligated pursuant to Section 13.5 of the Trust and Servicing Agreement to disclose to each Other Exchange Act Reporting
Party and each Other Depositor to which the particular Additional Form 10-K Disclosure is relevant for Exchange Act reporting purposes,
any information described in the corresponding Form 10-K Item described in the “Item on Form 10-K” column to the extent
such party has knowledge (and in the case of net operating income information, financial statements, annual operating statements,
budgets and/or rent rolls required to be provided in connection with 1112(b) below, possession) of such information (other than
information as to itself). Each of the Operating Advisor, Certificate Administrator, the Trustee, the Servicer, the Special Servicer,
each Other Exchange Act Reporting Party and the Other Depositor (in its capacity as such) shall be entitled to rely on the accuracy
of the Offering Circular and the offering materials with respect to any related Other Securitization Trust (other than information
with respect to itself that is set forth in or omitted from such offering materials or the Offering Circular), in the absence of
specific notice to the contrary from the Depositor, Other Depositor or a Trust Loan Seller. Each of the Operating Advisor, Certificate
Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other Depositor
(in its capacity as such) shall be entitled to assume that there is no “significant obligor” other than a party or
property identified as such in the prospectus relating to the Other Securitization and to assume that no other party or property
will constitute a “significant obligor” after the Cut-off Date. In no event shall the Servicer or the Special Servicer
be required to provide any information for inclusion in a Form 10-K that relates to any Mortgage Loan for which the Servicer or
the Special Servicer is not the applicable Servicer or Special Servicer, as the case may be. For this Agreement and any Other Securitization
Trust, each of the Operating Advisor, Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange
Act Reporting Party and the Other Depositor (in its capacity as such) shall be entitled to assume that there is no provider of
credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a
party identified as such in the Offering Circular and the offering materials with respect to any related Other Securitization Trust.


 


	Item on Form 10-K	Party Responsible
	Item 1B:  Unresolved Staff Comments	●      Depositor
	Item 9B:  Other Information, but only to the extent of any information that meets all the following conditions:	●      Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent that such party is the “Party Responsible” with respect to such


 


    Exhibit S-1


     


    
 

	Item on Form 10-K	Party Responsible
	
        (a) such information constitutes “Additional Form 8-K
        Disclosure” pursuant to Exhibit T,

         

        (b) such information is required to be reported as “Additional
        Form 8-K Disclosure” during the period to which the Form 10-K relates, and

         

        (c) such information was not previously reported as “Additional
        Form 8-K Disclosure” or as “Additional Form 10-D Disclosure”

         
	information pursuant to Exhibit T.  
	Item 15:  Exhibits, Financial Statement Schedules (SEE BELOW)	SEE BELOW
	
        Instruction J(2)(b) (Significant Obligors of Pool Assets) –
        Part 1 of 3 Parts:

         

        ●      Item
        1112(b) of Regulation AB, but only to the extent that (i) such information was required to have been set forth in the prospectus
        relating to the Companion Loan Securities, (ii) such information was not so set forth and (iii) the applicable Servicer has not
        previously reported such information as “Additional Form 10-D Information”.

         
	
        ●      The
        Trust Loan Seller.

         

	
        Instruction J(2)(b) (Significant Obligors of Pool Assets) –
        Part 2 of 3 Parts:

         

        ●      Item
        1112(b) of Regulation AB, but only to the extent that (i) such information was set forth in the prospectus relating to the
        Companion Loan Securities and (ii) the applicable Servicer has not previously reported such information or updated versions thereof
        as “Additional Form 10-D Information”.

        
	●      The Depositor	 


 


    Exhibit S-2


     


    
 

	Item on Form 10-K	Party Responsible
	 	 	 
	
        Instruction J(2)(b) (Significant Obligors of Pool Assets) –
        Part 3 of 3 Parts:

         

        ●      Item
        1112(b) of Regulation AB; provided, however, that all of the following conditions shall apply:

         

        (a) information shall be required to be reported only with respect
        to a party or property (if any) identified as a “significant obligor” in the prospectus relating to the Companion Loan
        Securities;

         

        (b) the information to be reported shall consist of such quarterly
        and annual operating statements, budgets and rent rolls of the related Mortgaged Property or REO Property (as applicable), and
        quarterly and annual financial statements of the related Borrower (except in the case of an REO Property), received or prepared
        by the “Party Responsible” pursuant to its obligations under Section 3.18 of this Trust and Servicing Agreement; provided,
        however, that for a significant obligor described under item 1101(k)(2) of Regulation AB, only net operating income for
        the most recent fiscal year and interim period is required and, if such information for a prior period was required but not
        previously reported, such information for such prior period; and

         

        (c) the information shall be reportable only to the extent that
        is has not previously been reported as “Additional Form 10-D Information”.

         
	
        ●      Servicer
        (excluding information for which the Special Servicer is the “Party Responsible”)

         

        ●      Special
        Servicer (as to REO Property)

         
	 
	
        Instruction J(2)(c) (Significant Enhancement Provider Information):

         
	●      Depositor


 


    Exhibit S-3


     


    
 

	Item on Form 10-K	Party Responsible
	●      Items 1114(b)(2) and 1115(b) of Regulation AB	 
	
        Instruction J(2)(d) (Legal Proceedings):

         

        ●      Item
        1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described therein that
        are material to security holders)

         
	
        ●      Servicer
        (as to itself)

         

        ●      Special
        Servicer (as to itself)

         

        ●      Certificate
        Administrator (as to itself)

         

        ●      Trustee
        (as to itself)

         

        ●      Depositor
        (as to itself)

         

        ●      Trustee/Certificate
        Administrator /Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal control of
        the proceedings)

         

        ●      The
        Trust Loan Seller as sponsor (as defined in Regulation AB)

         

        ●      Originators
        under Item 1110 of Regulation AB

         

        ●      Party
        under Item 1100(d)(1) of Regulation AB

        

	
        Instruction J(2)(e) (Affiliations and Certain Relationships
        and Related Transactions) – Part 1 of 2 Parts:

         

        1119(a) of Regulation AB,

         

        but only the existence and (if existent) how there is (that
        is, the nature of) any affiliation between itself (that is, the particular “Party Responsible”), on the one hand, and
        any one or more of the following, on the other: (1) the Depositor, (2) the Trust Loan Seller, (3) the Trust and (4) any other party
        listed under this item as a “Party Responsible”; provided, however, that an affiliation need not
        be disclosed for purposes of the applicable Form

         
	
        ●      Servicer
        (as to itself) (only as to affiliations under Item 1119(a) with the Trustee, Certificate Administrator, each Special Servicer or
        a sub-servicer retained by it meeting any of the descriptions in Item 1108(a)(3)).

         

        ●      Special
        Servicer

         

        ●      Certificate
        Administrator

         

        ●      Trustee

         

        ●      Each
        party (other than a Trust Loan Seller), if any, that is identified in the prospectus relating to the Companion Loan Securities
        as

        



 


    Exhibit S-4


     


    
 

	Item on Form 10-K	Party Responsible
	
        10-K if it was disclosed in the prospectus relating to the Companion
        Loan Securities or if it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●      1119(b)
        of Regulation AB,

         

        but only the existence and (if existent) the general character
        of any business relationship, agreement, arrangement, transaction or understanding that is entered into outside the ordinary course
        of business or is on terms other than would be obtained in an arm’s length transaction with an unrelated third party (apart
        from the Series 2018-WPT transaction) between itself (that is, the particular “Party Responsible”) or any of its affiliates,
        on the one hand, and any one or more of the following, on the other: (1) the Depositor, (2) any Trust Loan Seller, and (3) the
        Trust; provided, however, that a relationship, agreement, arrangement, transaction or understanding (A) must be reported
        only if it then exists or existed within the two prior years, (B) need not be reported if it is not material to an investor’s
        understanding of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in
        the prospectus relating to the Companion Loan Securities or if it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●      1119(c)
        of Regulation AB,

         

        but only the existence and (if existent) a description (including
        the terms and approximate dollar amount) of any specific relationship involving or related to the Series 2018-WPT transaction or
        the Mortgage

        
	
        an “originator” of one or more Mortgage
        Loans, if the prospectus relating to the Companion Loan Securities specifically states that the applicable Mortgage Loans were
        10% or more of the assets of the Trust at the date of the prospectus relating to the Companion Loan Securities (provided that such
        a party shall no longer constitute a “Party Responsible” under this item from and after the date (if any) when the
        Depositor notifies the parties to this Agreement to the effect that such party no longer constitutes an originator of 10% or more
        of the assets of the Trust).

         

        ●      Each
        party (other than a Trust Loan Seller), if any, that is specifically identified as an “originator of 10% or more of
        the assets of the Trust for purposes of Regulation AB and the upcoming Form 10-K” in a written notice delivered to the parties
        to this Trust and Servicing Agreement, which notice is delivered not later than February 15 of the year in which the Form 10-K
        is due.

         

        ●      Each
        party (if any) that is identified in the prospectus relating to the Companion Loan Securities as an “other material party
        to the securities or transaction” (or substantially similar phrasing); provided, however, that such a party shall
        no longer constitute a “Party Responsible” under this item from and after the date (if any) when the Depositor notifies
        the parties to this Agreement to the effect that such party no longer constitutes a material party for purposes of Regulation AB.

         

        ●      Each
        party (if any) that that is specifically identified as an “other material party to the securities or transaction for
        purposes of Regulation AB and the upcoming Form 10-K” (or substantially similar phrasing) in a written notice delivered by
        the Depositor to the parties to this Trust and Servicing

         



 


    Exhibit S-5


     


    
 

	Item on Form 10-K	Party Responsible
	Loans between itself (that is, the particular “Party Responsible”) or any of its affiliates, on the one hand, and any one or more of the following, on the other:  (1) the Depositor, (2) the Trust Loan Seller, and (3) the Trust; provided, however, that a relationship (A) must be reported only if it then exists or existed within the two prior years, (B) need not be reported if it is not material to an investor’s understanding of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the prospectus relating to the Companion Loan Securities or if it was previously reported as “Additional Form 10-K Disclosure”.	Agreement, which notice is delivered not later than February 15 of the year in which the Form 10-K is due.
	
        Instruction J(2)(e) (Affiliations and Certain Relationships
        and Related Transactions) – Part 2 of 2 Parts:

         

        1119(a) of Regulation AB,

         

        But only the existence and (if existent) how there is any affiliation
        between itself (that is, the particular “Party Responsible”), on the one hand, and any one or more of the parties listed
        under the preceding item as a “Party Responsible”, on the other; provided, however, that an affiliation
        need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the prospectus relating to the Companion
        Loan Securities or if it was previously reported as “Additional Form 10-K Disclosure”.

         

        and

         

        ●      1119(b)
        of Regulation AB,

         

        but only the existence and (if existent) the general character
        of any business relationship, agreement, arrangement,

        
	
        ●      The
        Depositor

         

        ●      The
        Trust Loan Seller

         



 


    Exhibit S-6


     


    
 

	Item on Form 10-K	Party Responsible
	
        transaction or understanding that is entered into outside the
        ordinary course of business or is on terms other than would be obtained in an arm’s length transaction with an unrelated
        third party (apart from the Series 2018-WPT transaction) between itself (that is, the particular “Party Responsible”),
        on the one hand, and any one or more of the parties listed under the preceding item as a “Party Responsible”,
        on the other; provided, however, that a relationship, agreement, arrangement, transaction or understanding (A) must
        be reported only if it then exists or existed within the two prior years, (B) need not be reported if it is not material to an
        investor’s understanding of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if it
        was disclosed in the prospectus relating to the Companion Loan Securities or if it was previously reported as “Additional
        Form 10-K Disclosure”.

         

        and

         

        ●      1119(c)
        of Regulation AB,

         

        but only the existence and (if existent) a description (including
        the terms and approximate dollar amount) of any specific relationship involving or related to the Series 201[_]-[_] transaction
        or the Mortgage Loans between itself (that is, the particular “Party Responsible”) or any of its affiliates, on the
        one hand, and any one or more of the parties listed under the preceding item as a “Party Responsible”, on the
        other; provided, however, that a relationship (A) must be reported only if it then exists or existed within the two
        prior years, (B) need not be reported if it is not material to an investor’s understanding of the Certificates and (C) need
        not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the prospectus relating to the Companion

        
	 


 


    Exhibit S-7


     


    
 

	Item on Form 10-K	Party Responsible
	Loan Securities or if it was previously reported as “Additional Form 10-K Disclosure”.	 
	
        Item 15: Exhibits (no. 2):

         

        Plan of acquisition, reorganization, arrangement, liquidation
        or succession (Exhibit No. 2 of Item 601 of Regulation S-K)

         
	●      Depositor
	
        Item 15: Exhibits (no. 3):

         

        Articles of incorporation and by-laws (Exhibit No. 3(i) and
        3(ii) of Item 601 of Regulation S-K)

         
	●      Depositor
	
        Item 15: Exhibits (no. 4):

         

        With respect to instruments defining the rights of security
        holders (Exhibit No. 4 of Item 601 of Regulation S-K)

         
	
        ●      Trustee

         

        ●      Certificate
        Administrator

         

        ●      Depositor

         

        provided, in each case, that this shall in no event
        be construed to make such party responsible for the initial filing of this Trust and Servicing Agreement

         

        provided further, in each case, that in the event
        any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator, then the Depositor shall be
        the responsible party.

         

	
        Item 15: Exhibits (no. 10):

         

        Material contracts (Exhibit No. 10 of Item 601 of Regulation
        S-K)

         
	●      Certificate Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust.


 


    Exhibit S-8


     


    
 

	Item on Form 10-K	Party Responsible
	
        Item 15: Exhibits (no. 11):

         

        Statement regarding computation of per share earnings (Exhibit
        No. 11 of Item 601 of Regulation S-K)

         
	●      Not Applicable
	
        Item 15: Exhibits (no. 12):

         

        Statement regarding computation of ratios (Exhibit No. 12 of
        Item 601 of Regulation S-K)

         
	●      Not Applicable.
	
        Item 15: Exhibits (no. 13):

         

        Annual report to security holders, Form 10-Q and Form 10-QSB,
        or quarterly report to security holders (Exhibit No. 13 of Item 601 of Regulation S-K)

         
	●      Not Applicable
	
        Item 15: Exhibits (no. 14):

         

        Code of Ethics (Exhibit No. 14 of Item 601 of Regulation S-K)

         
	●      Not Applicable.
	
        Item 15: Exhibits (no. 16):

         

        Letter re change in certifying accountant (Exhibit No. 16 of
        Item 601 of Regulation S-K)

         
	●      Not Applicable
	
        Item 15: Exhibits (no. 18):

         

        Letter re change in accounting principles (Exhibit No. 18 of
        Item 601 of Regulation S-K)

         
	●      Not Applicable.
	
        Item 15: Exhibits (no. 21):

         

        Subsidiaries of registrant (Exhibit No. 18 of Item 601 of Regulation
        S-K)

         
	●      Depositor.
	
        Item 15: Exhibits (no. 22):

         

        Published Report Regarding Matters Submitted to a Vote of Security
        Holders

         
	●      Not applicable.


 


    Exhibit S-9


     


    
 

	Item on Form 10-K	Party Responsible
	(Exhibit No. 22 of Item 601 of Regulation S-K).	 
	
        Item 15: Exhibits (no. 23) – Part 1 of 2 Parts:

         

        Consents of Experts and Counsel (Exhibit No. 23(ii) of Item
        601 of Regulation S-K), where (a) the filing of a written consent is required with respect to material (in the Form 10-D) that
        is incorporated by reference in the Depositor’s registration statement and (b) the consent is not the consent of a registered
        public accounting firm in connection with an attestation delivered pursuant to Section 13.9 of this Trust and Servicing Agreement.

         
	●      Depositor
	
        Item 15: Exhibits (no. 23) – Part 2 of 2 Parts:

         

        Consents of Experts and Counsel (Exhibit No. 23(ii) of Item
        601 of Regulation S-K), but the required shall consist of a consent of the registered public accounting firm for purposes of any
        attestation report rendered with respect to the particular “Party Responsible” pursuant to Section 13.9 of this Trust
        and Servicing Agreement.

         
	
        ●      Servicer

         

        ●      Special
        Servicer

         

        ●      Depositor

         

        ●      Any
        other Servicing Function Participant

         

        provided, however, in each case, that such
        party shall have the duty to report or deliver, or cause the reporting or delivery, of such consent only to the extent that such
        party is required to deliver or cause the delivery of the related attestation report.

         

	
        Item 15: Exhibits (no. 24)

         

        Power of Attorney (Exhibit No. 24 of Item 601 of Regulation
        S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the Form 10-D on behalf of a
        party, is signed pursuant to a power of attorney.

         
	●      Certificate Administrator
	
        Item 15: Exhibits (no. 31(i))

         

        Rule 13a-14(a)/15d-14(a) Certifications (Exhibit No. 31(i) of
        Item 601 of Regulation S-K).

         
	●      Not Applicable


 


    Exhibit S-10


     


    
 

	Item on Form 10-K	Party Responsible
	
        Item 15: Exhibits (no. 31(ii))

         

        Rule 13a-14(d)/15d-14(d) Certifications (Exhibit No. 31(ii)
        of Item 601 of Regulation S-K).

         
	●      Delivery of this exhibit (Sarbanes-Oxley certification and backup certifications) is governed by Section 13.11) of this Trust and Servicing Agreement.
	
        Item 15: Exhibits (no. 32)

         

        Section 1350 Certifications (Exhibit No. 32 of Item 601 of Regulation
        S-K).

         
	●      Not Applicable.
	
        Item 15: Exhibits (no. 33)

         

        Report on assessment of compliance with servicing criteria for
        asset-backed securities (Exhibit No. 33 of Item 601 of Regulation S-K).

         
	●      Delivery
    of this exhibit (annual compliance assessment) is governed by Section 13.8) of this Trust and Servicing Agreement.
	
        Item 15: Exhibits (no. 34)

         

        Attestation report on assessment of compliance with servicing
        criteria for asset-backed securities (Exhibit No. 34 of Item 601 of Regulation S-K).

         
	●      Delivery
    of this exhibit (annual accountants’ attestation report) is governed by Section 13.9 of this Trust and Servicing Agreement.
	
        Item 15: Exhibits (no. 35)

         

        Servicer compliance statement (Exhibit No. 35 of Item 601 of
        Regulation S-K).

         
	●      Delivery
    of this exhibit (annual servicer compliance statements) is governed by Section 13.7 (and Section 13.8) of this Trust and Servicing
    Agreement.
	
        Item 15: Exhibits (no. 99)

         

        Additional exhibits (Exhibit No. 99 of Item 601 of Regulation
        S-K)

         
	●      Not
    Applicable.
	
        Item 15: Exhibits (no. 100)

         

        BRL-Related Documents (Exhibit No. 100 of Item 601 of Regulation
        S-K).

         
	●      Not
    Applicable.
	Item 15:  Exhibits (By Operation of Item 9B Above), but only to the extent of any document that meets all the following conditions:  (a) such document constitutes “Additional Form 8-K Disclosure” pursuant 	●      Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible” for the exhibit pursuant to Item 9(d) of Exhibit T (it being acknowledged that none of the Servicer


 


    Exhibit S-11


     


    
 

	Item on Form 10-K	Party Responsible
	to Item 9.01(d) of Exhibit T, (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-K relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	or the Special Servicer constitutes a “Party Responsible” under Exhibit T with respect to any exhibits to a Form 10-K).


 


    Exhibit S-12


     


    
 




EXHIBIT
T


 


FORM
8-K DISCLOSURE INFORMATION


 


For
so long as any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, the parties identified
in the “Party Responsible” column are obligated pursuant to Section 13.6 of the Trust and Servicing Agreement to report
to each Other Exchange Act Reporting Party and each Other Depositor to which the particular Form 8-K Disclosure Information is
relevant for Exchange Act reporting purposes, the occurrence of any event described in the corresponding Form 8-K Item described
in the “Item on Form 8-K” column to the extent such party has knowledge of such information (other than information
as to itself). Each of the Operating Advisor, the Certificate Administrator, the Trustee, the Servicer, the Special Servicer,
each Other Exchange Act Reporting Party and the Other Depositor (in its capacity as such) shall be entitled to rely on the accuracy
of the Offering Circular and the offering materials with respect to any related Other Securitization Trust (other than information
with respect to itself that is set forth in or omitted from such offering materials or the Offering Circular), in the absence
of specific notice to the contrary from the Depositor, Other Depositor or a Trust Loan Seller. Each of the Operating Advisor,
Certificate Administrator, the Trustee, the Servicer, the Special Servicer, each Other Exchange Act Reporting Party and the Other
Depositor (in its capacity as such) shall be entitled to assume that there is no “significant obligor” other than
a party or property identified as such in the prospectus relating to the Other Securitization and to assume that no other party
or property will constitute a “significant obligor” after the Cut-off Date. In no event shall the Servicer or the
Special Servicer be required to provide any information for inclusion in a Form 8-K that relates to any Mortgage Loan for which
the Servicer or the Special Servicer is not the applicable Servicer or Special Servicer, as the case may be. For this Agreement
and any Other Securitization Trust, each of the Operating Advisor, Certificate Administrator, the Trustee, the Servicer, the Special
Servicer, each Other Exchange Act Reporting Party and the Other Depositor (in its capacity as such) shall be entitled to assume
that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115
of Regulation AB other than a party identified as such in the Offering Circular and the offering materials with respect to any
related Other Securitization Trust.


 






    Exhibit T-1


     


    

 





	Item
    on Form 8-K	Party
    Responsible 	 
	Item
                                         1.01: Entry into a Material Definitive Agreement

         
	●     Depositor,
                                         except as described in the next bullet (it being acknowledged that Item 601 of Regulation
                                         S-K requires filing of material contracts to which the registrant or a subsidiary thereof
                                         is a party).

         

        ●     Certificate
        Administrator, Trustee, Servicer and/or Special Servicer (it being acknowledged that Instruction 3 to Item 1.01 of
        Form 8-K requires disclosure regarding the entry into or an amendment of a definitive agreement that is material to the
        asset-backed securities transaction, even if the registrant is not a party to such agreement), in each case to the extent
        of any amendment or definitive agreement that satisfies all the following conditions: (a) such amendment or definitive
        agreement relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such amendment or definitive
        agreement is an amendment or definitive agreement to which such party (or a subcontractor or vendor engaged by such party)
        is a party or that such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on
        behalf of the Trust; provided, however, that the Certificate Administrator shall be the “Party
        Responsible” in connection with any amendment to this Trust and Servicing Agreement.

         
	 



 






    Exhibit T-2


     


    

 


	Item
    on Form 8-K	Party
    Responsible 	 
	Item
    1.02: Termination of a Material Definitive Agreement– Part 1 of 2 Parts	●     Certificate
    Administrator, Trustee, Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all
    the following conditions: (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and
    (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that
    such party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust; provided,
    however, that the Certificate Administrator shall be the “Party Responsible” in connection with
    any amendment to this Trust and Servicing Agreement.	 
	Item
    1.02: Termination of a Material Definitive Agreement– Part 2 of 2 Parts	●     Depositor,
    to the extent of any material agreement not covered in the prior item	 
	Item
    1.03: Bankruptcy or Receivership	●     Depositor	 
	Item
    2.04: Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
    Arrangement	●     Depositor

         

        ●     Certificate
        Administrator

         
	 
	Item
    3.03: Material Modification to Rights of Security Holders	●     Certificate
    Administrator	 
	Item
    5.03: Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year	●     Depositor	 
	Item
    6.01: ABS Informational and Computational Material	●     Depositor	 
	Item
    6.02 (Part 1 of 3 Parts): Change of Servicer or Trustee, but only to the extent related to a change in trustee	●     Trustee

         

        ●     Depositor

         
	 



 






    Exhibit T-3


     


    

 


	Item
    on Form 8-K	Party
    Responsible 
	Item
    6.02 (Part 2 of 3 Parts): Change of Servicer or Trustee, but only to the extent related to a change in Servicer or Special
    Servicer	●     Certificate
                                         Administrator

         

        ●     Servicer
or Special Servicer, as the case may be (in each case, as to itself) 

	Item
    6.02 (Part 3 of 3 Parts): Change of Servicer or Trustee, but only to the extent related to a servicer (other than a party
    to the Trust and Servicing Agreement) appointed by the particular “Party Responsible”.	●     Servicer

         

        ●     Special
        Servicer

         

        ●     Certificate
        Administrator

         

        ●     Depositor

	Item
    6.03: Change in Credit Enhancement or External Support	●     Depositor

         

        ●     Certificate
Administrator

	Item
    6.04: Failure to Make a Required Distribution	●     Certificate
    Administrator
	Item
    6.05: Securities Act Updating Disclosure	●     Depositor
	Item
    7.01: Regulation FD Disclosure	●     Depositor
	Item
    8.01: Other Events	●     Depositor
	Item
                                         9.01(d): Exhibits (no. 1):

         

        Underwriting
agreement (Exhibit No. 1 of Item 601 of Regulation S-K)
	●     Not
    applicable
	Item
                                         9.01(d): Exhibits (no. 2):

         

        Plan
of acquisition, reorganization, arrangement, liquidation or succession (Exhibit No. 2 of Item 601 of Regulation S-K)
	●     Depositor
	Item
                                         9.01(d): Exhibits (no. 3):

         

        Articles
of incorporation and by-laws (Exhibit No. 3(i) and 3(ii) of Item 601 of Regulation S-K)
	●     Depositor



 






    Exhibit T-4


     


    

 


	Item
    on Form 8-K	Party
    Responsible 
	Item
                                         9.01(d): Exhibits (no. 4):

         

        With
respect to instruments defining the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)
	●     Certificate
                                         Administrator

         

        provided,
in each case, that this shall in no event be construed to make such party responsible for the initial filing of this Trust and
Servicing Agreement

	Item
                                         9.01(d): Exhibits (no. 7):

         

        Correspondence
from an independent accountant regarding non-reliance on a previously issued audit report or completed interim review. (Exhibit
No. 7 of Item 601 of Regulation S-K)
	●     Not
    Applicable
	Item
                                         9.01(d): Exhibits (no. 14):

         

        Code
of Ethics (Exhibit No. 14 of Item 601 of Regulation S-K)
	●     Not
    Applicable
	Item
                                         9.01(d): Exhibits (no. 16):

         

        Letter
re change in certifying accountant (Exhibit No. 16 of Item 601 of Regulation S-K) 
	●     Not
    Applicable
	Item
                                         9.01(d): Exhibits (no. 17):

         

        Correspondence
on departure of director (Exhibit No. 17 of Item 601 of Regulation S-K)
	●     Not
    Applicable
	Item
                                         9.01(d): Exhibits (no. 20):

         

        Other
documents or statements to security holders (Exhibit No. 20 of Item 601 of Regulation S-K)
	●     Not
    Applicable



 






    Exhibit T-5


     


    

 


	Item
    on Form 8-K	Party
    Responsible 
	Item
                                         9.01(d): Exhibits (no. 23):

         

        Consents
of Experts and Counsel (Exhibit No. 23(ii) of Item 601 of Regulation S-K), where the filing of a written consent is required with
respect to material (in the Form 10-D) that is incorporated by reference in the Depositor’s registration statement.
	●     Depositor
	Item
                                         9.01(d): Exhibits (no. 24)

         

        Power
        of Attorney (Exhibit No. 24 of Item 601 of Regulation S-K), but only if the name of any party signing the Form 10-D, or
        the name of any officer signing the Form 10-D on behalf of a party, is signed pursuant to a power of attorney.

         
	●     Certificate
    Administrator
	Item
                                         15: Exhibits (no. 99)

         

        Additional
exhibits (Exhibit No. 99 of Item 601 of Regulation S-K)
	●     Not
    Applicable.
	Item
                                         15: Exhibits (no. 100)

         

        BRL-Related
Documents (Exhibit No. 100 of Item 601 of Regulation S-K).
	●     Not
    Applicable.




 




    Exhibit T-6


     


    

 


EXHIBIT
U


 


ADDITIONAL
DISCLOSURE NOTIFICATION


 


**SEND
VIA FAX TO 410-715-2380 AND VIA EMAIL TO


cts.sec.notifications@wellsfargo.com AND VIA OVERNIGHT MAIL TO THE ADDRESS


IMMEDIATELY
BELOW**


 


Wells
Fargo Bank, National Association, as Certificate Administrator


9062
Old Annapolis Road


Columbia,
Maryland 21045-1951


Attn:
Corporate Trust Services (CMBS) J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
Certificates, Series 2018-WPT—SEC REPORT PROCESSING


 


RE:
**Additional Form [10-D][10-K][8-K] Disclosure** Required


 


Ladies
and Gentlemen:


 


In
accordance with Section [13.4] [13.5] [13.6] of the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust
and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor (the “Depositor”),
KeyBank National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor the undersigned, as [ ], hereby notifies you that certain
events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].


 


Description
of Additional Form [10-D][10-K][8-K] Disclosure:


 


List
of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:


 


Any
inquiries related to this notification should be directed to [ ], phone number: [ ]; email address: [ ].


 


	 	[NAME OF PARTY],
	 	as [role]
	 		 
	 	By:	 
	 		Name:
	 	 	Title:


 


cc:
Depositor


 




    Exhibit U-1


     


    

 


EXHIBIT
V


 


INITIAL
SUB-SERVICERS


 


None.


 




    Exhibit V-1


     


    

 


EXHIBIT
W


 


FORM
OF ANNUAL COMPLIANCE STATEMENT


 


CERTIFICATION



J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-WPT,

Commercial Mortgage Pass-Through Certificates

Series 2018-WPT (the “Trust”)


 


I,
[identifying the certifying individual], on behalf of [KeyBank National Association, as Servicer] [KeyBank National Association,
as Special Servicer] [Wells Fargo Bank, National Association, as Certificate Administrator] [Wells Fargo Bank, National Association,
as Trustee] (the “Certifying Servicer”), certify to J.P. Morgan Chase Commercial Mortgage Securities Corp.
and its officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:


 


1.       I
(or Servicing Officers under my supervision) have reviewed the Certifying Servicer’s activities [during the preceding calendar
year] [between [__] and [__]] and the Certifying Servicer’s performance under the Trust and Servicing Agreement; and


 


2.       To
the best of my knowledge, based on such review, the Certifying Servicer has fulfilled all of its obligations under the Trust and
Servicing Agreement in all material respects [throughout such year] [between [__] and [__]]. [To my knowledge, the Certifying
Servicer has failed to fulfill the following obligations under the Trust and Servicing Agreement: [SPECIFY EACH SUCH FAILURE AND
THE NATURE AND STATUS THEREOF]].


 





	Date:	 	 
	 	 	 





[KEYBANK
NATIONAL ASSOCIATION, as servicer]

[KEYBANK NATIONAL ASSOCIATION, as special servicer]

[WELLS FARGO BANK, NATIONAL ASSOCIATION, as certificate administrator]

[WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee]


 






	By:	 	 
	 	Name:	 
	 	Title:	 


 



 




    Exhibit W-1


     


    

 


EXHIBIT
X


 


FORM
OF REPORT ON ASSESSMENT OF

COMPLIANCE with SERVICING CRITERIA


 


[Name
of Reporting Servicer] (the “Reporting Servicer”) is responsible for assessing compliance with the servicing
criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the 12-month period ending December
31, 20[__] (the “Reporting Period”), as set forth in Exhibit AA to the Trust and Servicing Agreement. The transactions
covered by this report include asset-backed securities transactions for which the Reporting Servicer acted as [a Servicer, special
servicer, trustee, certificate administrator] involving commercial mortgage loans [other than __________________*]
(the “Platform”);


 


The
Reporting Servicer has engaged certain vendors, which are not servicers as defined in Item 1101(j) of Regulation AB (the “Vendors”)
to perform specific, limited or scripted activities, and the Reporting Servicer elects to take responsibility for assessing compliance
with the servicing criteria or portion of the servicing criteria applicable to such Vendors’ activities as set forth on
Schedule A;


 


Except
as set forth in paragraph 4 below, the Reporting Servicer used the criteria set forth in paragraph (d) of Item 1122 of Regulation
AB to assess the compliance with the applicable servicing criteria;


 


The
criteria listed in the column titled “Inapplicable Servicing Criteria” on Schedule A hereto are inapplicable to the
Reporting Servicer based on the activities it performs, directly or through its Vendors, with respect to the Platform;


 


The
Reporting Servicer has complied, in all material respects, with the applicable servicing criteria as of December 31, 20[__] and
for the Reporting Period with respect to the Platform taken as a whole[, except as described on Schedule B hereto];


 


The
Reporting Servicer has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable
servicing criteria as of December 31, 20[__] and for the Reporting Period with respect to the Platform taken as a whole[, except
as described on Schedule B hereto];


 


The
Reporting Servicer has not identified any material deficiency in its policies and procedures to monitor the compliance by the
Vendors with the applicable servicing criteria as of December 31, 20[__] and for the Reporting Period with respect to the Platform
taken as a whole[, except as described on Schedule B hereto]; and


 





 



 


*
Describe any permissible exclusions, including those permitted under telephone interpretation 17.04 (i.e. transactions registered
prior to compliance with Regulation AB, transactions involving an offer and sale of asset backed securities that were not required
to be issued), if applicable. 


 






    Exhibit X-1


     


    

 


[____],
a registered public accounting firm, has issued an attestation report on the Reporting Servicer’s assessment of compliance
with the applicable servicing criteria for the Reporting Period.


 


[Date
of Certification]


 


	 	[Name
of Reporting Servicer]
	 		 
	 	By:	 
	 		Name:
	 	 	Title:





 




    Exhibit X-2


     


    

 


EXHIBIT
Y-1


 


FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY SERVICER


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT, issued pursuant to the Trust and Servicing Agreement dated
                                         as of July 31, 2018 (the “Trust and Servicing Agreement”), among J.P.
                                         Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
                                         Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor.



 


I,
[identity of certifying individual], hereby certify with the knowledge and intent that this Certification will be relied upon
by the applicable Certification Parties (as defined in the Trust and Servicing Agreement) (i) in connection with the certification
concerning the Trust, as applicable, to be signed by an officer of the Depositor and/or (ii) in connection with the certification
concerning the trust related to an Other Securitization, to be signed by an officer of the Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:


 


1.       I
(or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided by the
Servicer in accordance with the Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended
December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Servicer in accordance
with the Trust and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect
of the period covered by the Form 10-K (collectively, with the Form 10-K, the “Reports”) (such information
provided by the Servicer, collectively, the “Servicer Periodic Information”);


 


2.       Based
on my knowledge, and assuming the accuracy of the statements required to be made by the Special Servicer in the special servicer
backup certificate delivered by the Special Servicer relating to the relevant period, the Servicer Periodic Information, taken
as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by
the Form 10-K;


 


3.       Based
on my knowledge, and assuming the accuracy of the statements required to be made by the Special Servicer in the special servicer
backup certificate delivered by the Special Servicer relating to the relevant period, all of servicing and other information required
to be provided by the Servicer under the Trust and Servicing Agreement for inclusion in the Reports for the period covered by
the Form 10-K is included in the Servicer Periodic Information;


 


4.       I
(or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Servicer under the Trust
and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Servicer


 



    Exhibit Y-1-1


     


    

 


compliance statement
required to be delivered under Article 13 of the Trust and Servicing Agreement for inclusion in the Form 10-K under Item 1123
of Regulation AB, and except as disclosed in the Servicer Periodic Information, the Servicer has fulfilled its obligations under
the Trust and Servicing Agreement in all material respects;


 


5.       The
accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Servicer with respect to the Trust’s fiscal year _____ have been provided all information relating to
the Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to conduct a review
in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and


 


6.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Servicer or any
Servicing Function Participant retained by the Servicer (the “Relevant Servicing Criteria”) and their related
attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust and Servicing Agreement
to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and
15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances of noncompliance with
the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance is fairly stated in all
material respects.


 


This
Certification is being signed by me as an officer of the Servicer responsible for reviewing the activities performed by the Servicer
under the Trust and Servicing Agreement.


 





	Dated:	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:


 




    Exhibit Y-1-2


     


    

 


EXHIBIT
Y-2


 


FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY SPECIAL SERVICER


 


J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10017

Attention: Kunal K. Singh


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT, issued pursuant to the Trust and Servicing Agreement dated
                                         as of July 31, 2018 (the “Trust and Servicing Agreement”), among J.P.
                                         Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
                                         Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor.



 


I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:


 


1.       I
(or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided by the
Special Servicer in accordance with the Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the
period ended December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Special Servicer
in accordance with the Trust and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed
in respect of the period covered by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information
provided by the Special Servicer, collectively, the “Special Servicer Periodic Information”);


 


2.       Based
on my knowledge, the Special Servicer Periodic Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;


 


3.       Based
on my knowledge, all servicing and other information required to be provided by the Special Servicer under the Trust and Servicing
Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Special Servicer Periodic Information;


 






    Exhibit Y-2-1


     


    

 


4.       I
(or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Special Servicer under
the Trust and Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Special Servicer’s
compliance statement required to be delivered under Article 13 of the Trust and Servicing Agreement for inclusion in the Form
10-K under Item 1123 of Regulation AB, and except as disclosed in the Special Servicer Periodic Information, the Special Servicer
has fulfilled its obligations under the Trust and Servicing Agreement in all material respects;


 


5.       The
accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Special Servicer with respect to the Trust’s fiscal year _____ have been provided all information relating
to the Special Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to conduct
a review in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and


 


6.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Special Servicer
or any Servicing Function Participant retained by the Special Servicer (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust
and Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange
Act Rules 13a-18 and 15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances
of noncompliance with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with
servicing criteria is fairly stated in all material respects.


 


This
Certification is being signed by me as an officer of the Special Servicer responsible for reviewing the activities performed by
the Special Servicer under the Trust and Servicing Agreement.


 





	Dated:	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:


 




    Exhibit Y-2-2


     


    

 


EXHIBIT
Y-3


 


FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY CERTIFICATE ADMINISTRATOR


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT, issued pursuant to the Trust and Servicing Agreement dated
                                         as of July 31, 2018 (the “Trust and Servicing Agreement”), among J.P.
                                         Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
                                         Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor.



 


I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:


 


1.       I
(or an officer under my supervision) have reviewed the annual report on Form 10-K for the period ended December 31, 20[__] (the
“Form 10-K”) and all reports on Form 10-D and Form 8-K filed in respect of the period covered by the Form 10-K
(collectively, with the Form 10-K, the “Reports”);


 


2.       Based
on my knowledge, the Reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by the Form 10-K;


 


3.       Based
on my knowledge, all of the distribution and other information required to be provided by the Certificate Administrator under
the Trust and Servicing Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Reports
and all of the distribution, servicing and other information provided to the Certificate Administrator by the trustee, the servicer
and the special servicer under the Trust and Servicing Agreement for inclusion in the Reports for the period covered by the Form
10-K is included in the Reports;


 


4.       I
(or an officer under my supervision) am responsible for reviewing the activities performed by the Certificate Administrator under
the Trust and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Certificate Administrator
compliance statement required to be delivered under Article 13 of the Trust and Servicing Agreement for inclusion in the Form
10-K under Item 1123 of Regulation AB, and except as disclosed in the Reports, the Certificate Administrator has fulfilled its
obligations under the Trust and Servicing Agreement in all material respects; and


 






    Exhibit Y-3-1


     


    

 


5.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Certificate Administrator
or any Servicing Function Participant retained by the Certificate Administrator (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required to be included
in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as
an exhibit to the Form 10-K. Any material instances of noncompliance described in such reports have been disclosed in the Form
10-K and such assessment of compliance is fairly stated in all material respects.


 


This
Certification is being signed by me as an officer of the Certificate Administrator responsible for reviewing the activities performed
by the Certificate Administrator under the Trust and Servicing Agreement.


 





	Dated:	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:


 




    Exhibit Y-3-2


     


    

 


EXHIBIT
Y-4


 


FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY TRUSTEE


 


J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10017

Attention: Kunal K. Singh


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT, issued pursuant to the Trust and Servicing Agreement dated
                                         as of July 31, 2018 (the “Trust and Servicing Agreement”), among J.P.
                                         Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
                                         Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor.



 


I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:


 


1.       I
(or officers under my supervision) have reviewed the information required to be provided by the Trustee in accordance with the
Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__] (“Form
10-K”) and all information required to be provided by the Trustee in accordance with the Trust and Servicing Agreement
for inclusion in the reports on Form 10-D and Form 8-K required to be filed in respect of the period covered by the Form 10-K
of the Trust (collectively with the Form 10-K, the “Reports”) (such information provided by the Trustee, collectively,
the “Trustee Periodic Information”);


 


2.       Based
on my knowledge, the Trustee Periodic Information, taken as a whole, does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;


 


3.       Based
on my knowledge, all information required to be provided by the Trustee under the Trust and Servicing Agreement for inclusion
in the Reports for the period covered by the Form 10-K is included in the Trustee Periodic Information;


 






    Exhibit Y-4-1


     


    

 


4.       I
(or officers under my supervision) am responsible for reviewing the activities performed by the Trustee under the Trust and Servicing
Agreement, and based on my knowledge and the compliance review conducted in preparing the Trustee’s compliance statement
to be delivered under Article 13 of the Trust and Servicing Agreement required for inclusion in the Form 10-K under Item 1123
of Regulation AB, and except as disclosed in the Trustee Periodic Information, the Trustee has fulfilled its obligations under
the Trust and Servicing Agreement in all material respects; and


 


5.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Trustee or any
Servicing Function Participant retained by the Trustee (the “Relevant Servicing Criteria”) and their related
attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust and Servicing Agreement
to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and
15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances of noncompliance with
the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria
is fairly stated in all material respects.


 


This
Certification is being signed by me as an officer of the Trustee responsible for reviewing the activities performed by the Trustee
under the Trust and Servicing Agreement.


 





	Dated:	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:


 




    Exhibit Y-4-2


     


    

 


EXHIBIT
Y-5


 


FORM
OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR BY OPERATING ADVISOR


 


J.P.
Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10017

Attention: Kunal K. Singh


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT, issued pursuant to the Trust and Servicing Agreement dated
                                         as of July 31, 2018 (the “Trust and Servicing Agreement”), among J.P.
                                         Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank National Association,
                                         as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate
                                         Administrator and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor.



 


I,
[identity of certifying individual], hereby certify to the Depositor and each Other Depositor and their respective officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the
Certification Parties will rely on this Certification in connection with the certification concerning the Trust or trust related
to an Other Securitization, as applicable, to be signed by an officer of the Depositor or Other Depositor, as applicable, and
submitted to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:


 


1.       I
(or officers under my supervision) have reviewed the information required to be provided by the Operating Advisor in accordance
with the Trust and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__]
(“Form 10-K”) and all information required to be provided by the Operating Advisor in accordance with the Trust
and Servicing Agreement for inclusion in the reports on Form 10-D and Form 8-K required to be filed in respect of the period covered
by the Form 10-K of the Trust (collectively with the Form 10-K, the “Reports”) (such information provided by
the Operating Advisor, collectively, the “Operating Advisor Periodic Information”);


 


2.       Based
on my knowledge, the Operating Advisor Periodic Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;


 


3.       Based
on my knowledge, all information required to be provided by the Operating Advisor under the Trust and Servicing Agreement for
inclusion in the Reports for the period covered by the Form 10-K is included in the Operating Advisor Periodic Information; and


 






    Exhibit Y-5-1


     


    

 


4.       All
of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Operating Advisor
or any Servicing Function Participant retained by the Operating Advisor (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Trust
and Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange
Act Rules 13a-18 and 15d-18, have been delivered in accordance with the Trust and Servicing Agreement. All material instances
of noncompliance with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with
servicing criteria is fairly stated in all material respects.


 


This
Certification is being signed by me as an officer of the Operating Advisor responsible for reviewing the activities performed
by the Operating Advisor under the Trust and Servicing Agreement.


 





	Dated:	 	 	 
	 	 	 	 
	 	 	 	Name:
	 	 	 	Title:


 




    Exhibit Y-5-2


     


    

 


EXHIBIT
Z


 


FORM
OF OPERATING ADVISOR ANNUAL REPORT2


 


		Report
                          Date:	This
                                         report will be delivered annually no later than 120 days after the end of calendar year,
                                         pursuant to the terms and conditions of the Trust and Servicing Agreement, dated as of
                                         July 31, 2018 (the “Trust and Servicing Agreement”), among J.P. Morgan
                                         Chase Commercial Mortgage Securities Corp., as depositor, KeyBank National Association,
                                         as servicer and as special servicer, Wells Fargo Bank, National Association, as certificate
                                         administrator, as trustee and as custodian, and Park Bridge Lender Services LLC, as operating
                                         advisor.



 


		Transaction:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT



 


		Operating
                           Advisor:	Park
                                         Bridge Lender Services LLC



 


		Special
                           Servicer:	KeyBank
                                         National Association



 


I.       Executive
Summary


 


Based
on the requirements and qualifications set forth in the Trust and Servicing Agreement, as well as the items listed below, the
Operating Advisor (in accordance with the Operating Advisor’s analysis requirements outlined in the Trust and Servicing
Agreement) has undertaken a limited review of the Special Servicer’s actions under the Trust and Servicing Agreement. Based
solely on such limited review of the items listed below, and subject to the assumptions, limitations and qualifications set forth
herein, the Operating Advisor believes, in its sole discretion exercised in good faith, that the Special Servicer [is/is not]
operating in compliance with Accepted Servicing Practices with respect to its performance of its duties under the Trust and Servicing
Agreement during the prior calendar year. [The Operating Advisor believes, in its sole discretion exercised in good faith, that
the Special Servicer has failed to comply with Accepted Servicing Practices, as a result of the following material deviations.]


 


		●	[LIST
                                         OF ANY MATERIAL DEVIATION ITEMS]



 


In
addition, the Operating Advisor notes the following: [PROVIDE SUMMARY OF ANY ADDITIONAL MATERIAL INFORMATION].


 


[ADD
RECOMMENDATION OF REPLACEMENT OF SPECIAL SERVICER, IF APPLICABLE]


 





 



 


2
This report is an indicative report and does not reflect the final form of annual report to be used in any particular year.
The Operating Advisor will have the ability to modify or alter the organization and content of any particular report, subject
to the compliance with the terms of the Trust and Servicing Agreement, including, without limitation, provisions relating to Privileged
Information.


 






    Exhibit Z-1


     


    

 


II.       List
of Items that Were Considered in Compiling this Report


 


In
rendering our assessment herein, we examined and relied upon the accuracy and completeness of the items listed below:


 


		(1)	Major
                                         Decision Reporting Packages.



 


		(2)	Reports
                                         by the Special Servicer made available to Privileged Persons that are posted on the certificate
                                         administrator’s website and each Asset Status Report and Final Asset Status Report.



 


		(3)	The
                                         Special Servicer’s assessment of compliance report, attestation report by a third
                                         party regarding the Special Servicer’s compliance with its obligations and net
                                         present value calculations and Appraisal Reduction Amount calculations.



 


		(4)	[LIST
                                         OTHER REVIEWED INFORMATION]



 


		(5)	[INSERT
                                         IF AFTER AN OPERATING ADVISOR CONSULTATION EVENT: Consulted with the Special Servicer
                                         as provided under the Trust and Servicing Agreement in respect to the Asset Status Reports
                                         for a Specially Serviced Mortgage Loan and with respect to Major Decisions.]



 


NOTE:
The Operating Advisor’s review of the above materials should be considered a limited review and not be considered a full
or limited audit. For instance, we did not review each page of the Special Servicer’s policy and procedure manuals (including
amendments and appendices), review underlying lease agreements, re-engineer the quantitative aspects of their net present value
calculator, visit any related property, visit the Special Servicer, visit the Directing Certificateholder or interact with any
borrower. In addition, our review of the net present value calculations and Appraisal Reduction calculations is limited to the
mathematical accuracy of the calculations and the corresponding application of the non-discretionary portions of the applicable
formulas, and as such, does not take into account the reasonableness of the discretionary portions of such formulas.


 


		III.	Qualifications
                                         and Disclaimers Related to the Work Product Undertaken and Opinions Related to this Report



 


		(1)	As
                                         provided in the Trust and Servicing Agreement, the Operating Advisor is not required
                                         to report on instances of non-compliance with, or deviations from, Accepted Servicing
                                         Practices or the Special Servicer’s obligations under the Trust and Servicing Agreement
                                         that the Operating Advisor determines, in its sole discretion exercised in good faith,
                                         to be immaterial.



 


		(2)	In
                                         rendering our assessment herein, we have assumed that all executed factual statements,
                                         instruments, and other documents that we have relied upon in rendering this assessment
                                         have been executed by persons with legal capacity to execute such documents.



 


		(3)	Except
with respect to any Major Decision Reporting Package that is delivered or made available to the Operating Advisor pursuant to
the terms of the Trust and Servicing Agreement, the Operating Advisor did not participate in, or have access to, the Special



 






    Exhibit Z-2


     


    

 


 Servicer’s
                                         and Directing Certificateholder’s discussion(s) regarding the Specially Serviced
                                         Mortgage Loan. The Operating Advisor does not have authority to speak with the Directing
                                         Certificateholder or borrower directly. As such, the Operating Advisor relied solely
                                         upon the information delivered to it by the Special Servicer as well as its interaction
                                         with the Special Servicer, if any, in gathering the relevant information to generate
                                         this report. The services that we perform are not designed and cannot be relied upon
                                         to detect fraud or illegal acts should any exist.


 


		(4)	The
                                         Special Servicer has the legal authority and responsibility to service the Specially
                                         Serviced Mortgage Loan pursuant to the Trust and Servicing Agreement. The Operating Advisor
                                         has no responsibility or authority to alter the standards set forth therein or the actions
                                         of the Special Servicer.



 


		(5)	Confidentiality
                                         and other contractual limitations limit the Operating Advisor’s ability to outline
                                         the details or substance of any communication held between it and the Special Servicer
                                         regarding the Specially Serviced Mortgage Loan and certain information it reviewed in
                                         connection with its duties under the Trust and Servicing Agreement. As a result, this
                                         report may not reflect all the relevant information that the Operating Advisor is given
                                         access to by the Special Servicer.



 


		(6)	The
                                         Operating Advisor is not empowered to speak with any investors directly. If the investors
                                         have questions regarding this report, they should address such questions to the certificate
                                         administrator through the certificate administrator’s website.



 


		(7)	This
                                         report does not constitute a recommendation to buy, sell or hold any security, nor does
                                         the Operating Advisor take into account market prices of securities or financial markets
                                         generally when performing its limited review of the Special Servicer as described above.
                                         The Operating Advisor does not have a fiduciary relationship with any Certificateholder
                                         or any other party or individual. Nothing is intended to or should be construed as creating
                                         a fiduciary relationship between the Operating Advisor and any Certificateholder, party
                                         or individual.



 


Terms
used but not defined herein have the meaning set forth in the Trust and Servicing Agreement.


 




    Exhibit Z-3


     


    

 


EXHIBIT
AA


 


Form
of Notice from Operating Advisor Recommending Replacement of Special Servicer


 


Wells
Fargo Bank, National Association


as
Trustee

9062 Old Annapolis Road


Columbia,
Maryland 20145-1951


Attention:
Corporate Trust Services (CMBS)


UBS
Commercial Mortgage Trust 2018-C11


Email:
trustadministrationgroup@wellsfargo.com; 


cts.cmbs.bond.admin@wellsfargo.com


 


Wells
Fargo Bank, National Association


as
Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services (CMBS) – JPMCC 2018-WPT


 


KeyBank
National Association


as
Special Servicer


111501
Outlook Street, Suite 300,

Overland Park, Kansas 66211

Attention: Alan Williams

Fax Number: (877) 379-1625

Email: keybank_notices@keybank.com


 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT,

                                         Recommendation of Replacement of Special Servicer



 


Ladies
and Gentlemen:


 


This
letter is delivered pursuant to Section 7.1(i) of the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Trust
and Servicing Agreement”), by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, KeyBank
National Association, as Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator
and as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor, on behalf of the holders of J.P. Morgan Chase Commercial
Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through Certificates, Series 2018-WPT (the “Certificates”)
regarding the replacement of the Special Servicer. Capitalized terms used and not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Trust and Servicing Agreement.


 






    Exhibit AA-1


     


    

 


Based
upon our review of the Special Servicer’s operational practices conducted pursuant to and in accordance with Section 3.26
of the Trust and Servicing Agreement, it is our assessment that KeyBank National Association, in its current capacity as Special
Servicer, is not [performing its duties under the Trust and Servicing Agreement][acting in accordance with the Servicing Standard].
The following factors support our assessment: [________].


 


Based
upon such assessment, we further hereby recommend that KeyBank National Association be removed as Special Servicer and that [________]
be appointed its successor in such capacity.


 





	 	Very truly yours,
	 	 
	 	 	[The Operating Advisor]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	Dated:	 	 







 




    Exhibit AA-2


     


    

 


EXHIBIT
BB


 


FORM
OF CERTIFICATE ADMINISTRATOR RECEIPT OF THE CLASS HRR CERTIFICATES


 


[July
31, 2018]


 


	J.P.
Morgan Chase Commercial Mortgage Securities Corp.

        383
Madison Avenue, 8th Floor

        New
York, New York 10179

        Attention:
Kunal K. Singh
	JPMorgan
Chase Bank, National Association

        383
Madison Avenue, 31st Floor

        New
York, New York 10179

        Attention:
        Thomas Cassino

         

	CRE
Fund Investments LLC

        c/o
Jay Strauss, Shelter Growth Capital Partners

        One
Dock Street, Suite 501

        Stamford,
        Connecticut 06902

         
	 


		Re:	J.P.
                                         Morgan Chase Commercial Mortgage Securities Trust 2018-WPT, Commercial Mortgage Pass-Through
                                         Certificates, Series 2018-WPT



 


In
accordance with Section [5.1(d)][5.3(p)] of the Trust and Servicing Agreement, dated as of July 31, 2018 (the “Agreement”),
the Certificate Administrator hereby acknowledges receipt and possession of $71,250,000 of the Class HRR Certificates in the form
of a Definitive Certificate (CUSIP No. 46645W BS1), which constitutes all of the Class HRR Certificates, as defined in the Agreement,
for the benefit of [CRE Fund Investments LLC], as registered holder thereof, the [initial] Third Party Purchaser. The Certificate
Administrator will hold such certificate pursuant and subject to the Agreement. A copy of such Class HRR Certificate is attached
as Exhibit A-1 Class HRR Certificate. Payments on the Certificates will be made to the registered holder thereof in accordance
with the Agreement.


 


Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.


 





		WELLS
    FARGO Bank, national association,

    not in its individual capacity

    but solely as Certificate Administrator
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 




    Exhibit BB-1


     


    

 


EXHIBIT
A-1


 


CLASS
HRR CERTIFICATE