BZ Assumption Certificate 1

STEWART TITLE
GUARANTY COMPANY

ASSUMPTION CERTIFICATE

This Certificate is attached to and constitutes a part of Title Insurance Policy No. ____
of
BELIZE TITLE AND GUARANTEE COMPANY LIMITED


In consideration of the premium paid under this policy, it is hereby understood and agreed that STEWART TITLE GUARANTY COMPANY reinsures the entire liability under this policy and that in the event BELIZE TITLE AND GUARANTEE COMPANY LIMITED shall fail to pay any valid claim under this policy by reason of loss or damage insured against, then such loss shall be paid by STEWART TITLE GUARANTY COMPANY in the same manner and to the same extent as if such policy had been a policy of STEWART TITLE GUARANTY COMPANY, PROVIDED HOWEVER, the liability of STEWART TITLE GUARANTY COMPANY shall not exceed in the aggregate $25,000,000.00.

IN WITNESS WHEREOF, STEWART TITLE GUARANTY COMPANY has caused this Certificate to be executed by its duly authorized officers.

Signed under seal for the Company, but this Certificate is to be valid only when it bears an authorized countersignature.




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