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6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (a.) Only a Proposed Insured. identified. in.5chedule•A, and no. other person, may make a. claim under:this Commitment. (b) Any claim. must be based in contract and must be restricted solely to the terms and provisions of`this Commitment. (c) Until the Policy is issued, this Ccrnmiitmeht, as last revised, is the. exclusive and entire agreement between the parties with respect to .the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. .(d) The deletion or modification of any Schedule. B, Part II —Exception does not constitute an agreement or obligation to provide coverage beyond the.terms.and.provisions of this Commitment or the Policy. (e) .Any amendment or endorsement to this. Commitment must be in writing and authenticated by a person authorized by. the Company. (f) When the Policy is issued, all liability and obligation under this Commitment will end and.the Company's only liability wi11. be under the Policy: 7. .IF THIS.COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent: is the Company's. agent only for thelimited purpose. of issuing title insurance commitments and policies. The issuing agent is not the Company's agent for this purpose of.providing closing or settlemerit-se rvices. 8. PRO -FORMA POLICY The Company may provide,.at.the request of:a Proposed Insured, a.pro-forma policy illustrating the coverage.that the Company may provide. A pro -forma. policy n e ithe r. reflects the :status of Title at the time that the pro -forma polity is defivered 'to a Proposed Insured,. nor is it a.commitment to insure. 9. ARBITRATION The Policy contains an arbitration clause.. Al arbitrable matters when the Proposed Policy Amount.is $2,000,000 or less shall. be arbitrated at the option of either theCompany. or the Proposed Insured as the:excl us ive remedy of the parties. A proposed. Insured. may review a:copy of the 0rbitratian rules.at. http:llwww.alta.orglarbitraCon. This page is only a part of a .2016ALTAO Commitment for.Ttle Insurance issued by First American Tide Insurance Company. 7his Commitment7s not valid without the Noficev the Commitment to Issue Polity; the: Commitment Conditions; Schedule A; Sehedule.8 Part I-RequiremenM- Schedule B, Part If Exceptions Copyright 2006-2016 American. Land Title Association. All rights reserved. The use of this Form (or anyderivative thereof) is restricted to ALTA licensees and ALTA members in good standing. as of the date of use. All other uses are prohibited. Reprinted under license from the .Ameriran Lwd Tiitle Association. Form 50012227 (8-14-18) Page 3 .of 8 ALTA Commitment.for Title Insurance (8-1-16 Mirinesot