Common use of Preliminary Report Clause in Contracts

Preliminary Report. In response to the above referenced application for a policy of title Insurance, this company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is less than that set forth In the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In Exhibit A. Copies of the policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insurance, a Binder or Commitment should be requested. Dated as of July 20, 2012 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel LLC, a California limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insurance, this company hereby reports that it is prepared to issueissues, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage courage pursuant to the printed Schedules, Conditions and Stipulations Stipulators of said Policy policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is is less than that set forth In in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. , Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit limit of Liability for certain coverages are also set forth In in Exhibit A. Copies of the policy forms should be read. They are available from the office which issued this report. Order Number: NCS-638460-LA2 Page Number: 2 This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Order Number: NCS-638460-LA2 Page Number: 3 Dated as of July 20January 09, 2012 2014 at 7:30 A.M. The form of Policy of title insurance Insurance contemplated by this report is: To Be Determined ALTA Extended Loan Policy - 2006 ALTA Extended Owner Policy - 2006 A specific request should be made if If another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested inIn: Mathilda Avenue Hotel CREA/WINDSTAR PLEASANTON, LLC, a California limited liability company A DELAWARE LIMITED LIABILITY COMPANY The estate or interest in In the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:Is;

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance referenced herein, this company Chicago Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy policy or Policies portion of Title Insurance title insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below exception herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations or Conditions of said Policy policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In Exhibit A attachedin Attachment One. The policy to be Issued issued may contain an arbitration clause. When the Amount of Insurance Is is less than that set forth In in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In Exhibit A. in Attachment One. Copies of the policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated The policy(s) of title insurance to be issued hereunder will be policy(s) of Chicago Title Insurance Company, a Nebraska corporation. Please read the exceptions shown or referred to herein and the exceptions and exclusions set forth in Attachment One of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of July 20title and may not list all liens, 2012 at 7:30 defects and encumbrances affecting title to the land. Chicago Title Company BY /s/ [ILLEGIBLE] President ATTEST /s/ [ILLEGIBLE] /s/ Xxxxxx Xxxxx Secretary Countersigned SCHEDULE 4 to RIDER 1 -1- Visit Us on our Website: xxx.xxxx.xxx CHICAGO TITLE COMPANY ISSUING OFFICE: 0000 Xxxx Xxxxx Drive, Suite 400 • Concord, CA 94520 000 000-0000 • FAX 000-000-0000 PRELIMINARY REPORT Title Officer: Xxxxx Xxxxxxx-Comm Title Only Title No.: 09-59025180-8-DP Locate No.: CACT17701-7701-5590-0059025180 TO: Chicago Title Company-Los Angeles 000 xxxxx Xxxxxx Xxxxxx, Xxxxx 000 Los Angeles, CA 90017 ATTN: Xxxxxx Xxxxxx YOUR REFERENCE: B0901840 SHORT TERM RATE: Yes PROPERTY ADDRESS: 00000 Xxxx Xxxx, Xxxxxxx, Xxxxxxxxxx EFFECTIVE DATE: September 3, 2009, 07:30 A.M. The form of Policy policy or policies of title insurance contemplated by this report is: To Be Determined A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel LLC, a California limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:CLTA Standard Coverage Policy - 1990

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance referenced herein, this company Fidelity National Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy Policy or policies Policies are set forth In in Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is less than that set forth In the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In in Exhibit A. Copies of the policy Policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated The Policy(s) of title insurance to be issued hereunder will be policy(s) of Fidelity National Title Insurance Company, a California Corporation. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit A of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of July 20title and may not list all liens, 2012 at 7:30 defects and encumbrances affecting title to the land. ESCROW OFFICER: Xxxxx Xxxxxxxx ORDER NO.: 19505132 - C TITLE OFFICER: Xxx Xxxx - 000-0000 Fax 000-0000 Amendment TO: Fidelity National Title 0000 Xxxxxxxxx Xxxxxxxxx #100 Van Nuys, CA 91411 ATTN: Xxxxx Xxxxxxxx YOUR REFERENCE.: Fidelity National Title PROPERTY ADDRESS: 0000 Xxxxxxxxxx Xxxxxx and 00000 Xxxxxxx Xxxxxx, Xxxxxxxxxx xxxx Los Angeles, California EFFECTIVE DATE: April 2, 2007, 07:30 A.M. The form of Policy or Policies of title insurance contemplated by this report is: To Be Determined California Land Title Association Standard Coverage Policy - 1990 American Land Title Association Loan Policy (10-17-92) with A.L.T.A. Form 1 Coverage 1. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel LLC, a California limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple FEE as to Parcel One, an easement Parcel(s) 1 and 3; AN EASEMENT more fully described below as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal DescriptionParcel(s) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:2

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance, this company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy Policy or policies Policies are set forth In in Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is less than that set forth In the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In Exhibit A. Copies of the policy Policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Order Number: NCS-335499-SC Page Number: 2 Dated as of July 20April 7, 2012 2008 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined 2006 ALTA Owners Policvy A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel MFP/HUNTER@FIRST OFFICE PARTNERS, LLC, a California Delaware limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance, this company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In in Exhibit A attached. The policy to be Issued issued may contain an arbitration clause. When the Amount of Insurance Is is less than that set forth In in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s 's Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In in Exhibit A. Copies of the policy forms should be read. They are available from the office which issued this report. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit A of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated as of July 20October 30, 2012 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined ALTA Extended Loan Policy - 2006 A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel RS Bridgepointe, LLC, a California limited liability company, as to an undivided 15.11232% interest; DHV Partners, LLC, a California limited liability company, as to an undivided 12.71186% interest; and SPI Bridgepointe Partners, LP, a California limited partnership, successor by merger to DW Bridgepointe, LLC, a California limited liability company and SPI Bridgepointe, LLC, a California limited liability company, as to an undivided 72.17582% interest The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel OneI, an easement as to Parcel TwoII and III. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance, this company hereby reports that it is prepared to issueIssue, or cause to be issuedIssued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In in Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is is less than that set forth In in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the partiespatties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In in Exhibit A. Copies of the policy forms should be read. They are available from the office which issued Issued this report. This report (and any supplements or amendments hereto) Is is Issued solely for the purpose of facilitating the issuance of a policy of title insurance Insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated as of July 20, 2012 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel Sequoia M & P LLC, a California limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple A fee as to Parcel One, One and an easement as to Parcel Two. Parcels Two and Three The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance, this company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In in Exhibit A attached. The policy to be Issued issued may contain an arbitration clause. When the Amount of Insurance Is is less than that set forth In in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In in Exhibit A. Copies of the policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated as of July 20August 03, 2012 2015 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel LLCXXXX XXXXX HEALTH CARE DISTRICT, a California limited liability company A CALIFORNIA CORPORATION The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Twosimple. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance, this company hereby reports that it is prepared to issueIssue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest therein hereinafter set forth, insuring Insuring against loss toss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth In Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is is less than that set forth In the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In Exhibit A. Copies of the policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued solely for the purpose of facilitating the issuance Issuance of a policy of title insurance Insurance and no liability is assumed hereby. If it is It Is desired that liability be assumed prior to the issuance Issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated as of July 2019, 2012 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel Sequoia M & M LLC, a California limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance, this this, company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy Policy or policies Policies are set forth In in Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is less than that set forth In the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In Exhibit A. Copies of the policy Policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Order Number: NCS-335499-SC Page Number: 2 Dated as of July 20May 6, 2012 2008 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: To Be Determined ALTA Owner’s Policy (10-17-92) A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel MFP/HUNTER@FIRST OFFICE PARTNERS, LLC, a California Delaware limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:

Preliminary Report. In response to the above referenced application for a policy of title Insuranceinsurance referenced herein, this company Fidelity National Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or Interest interest therein hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy Policy or policies Policies are set forth In in Exhibit A attached. The policy to be Issued may contain an arbitration clause. When the Amount of Insurance Is less than that set forth In the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner’s Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth In in Exhibit A. Copies of the policy Policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments hereto) Is Issued is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title Insuranceinsurance, a Binder or Commitment should be requested. Dated The Policy(s) of title insurance to be issued hereunder will be policy(s) of Fidelity National Title Insurance Company, a California Corporation. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit A of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of July 20title and may not list all liens, 2012 at 7:30 defects and encumbrances affecting title to the land. ESCROW OFFICER: Xxxxx Xxxxxxxx TITLE OFFICER: Xxx Xxxx - 000-0000 Fax 000-0000 XXXXX XX.: 19505132 LOAN NO.: Natrol Real Estate TO: CB Xxxxxxx Xxxxx 00 Xxxxxxxxx Xxxx Xxxxx 00xx Xxxxx Xxxxxxxxx Xxxx, XX 00000 ATTN: Xxxxxxx Xxxxxxxx YOUR REFERENCE.: 21411 Prairie PROPERTY ADDRESS: 00000 Xxxxxxx Xxxxxx (Xxxxxxxxxx Xxxx), Los Angeles, California EFFECTIVE DATE: March 23, 2007, 07:30 A.M. The form of Policy or Policies of title insurance contemplated by this report is: To Be Determined California Land Title Association Standard Coverage Policy - 1990 American Land Title Association Loan Policy (10-17-92) with A.L.T.A. Form 1 Coverage 1. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: Mathilda Avenue Hotel LLC, a California limited liability company The estate or interest in the land hereinafter described or referred to covered by this Report is: Fee Simple as to Parcel One, an easement as to Parcel Two. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows:Fee