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Run. "Exposure" is just code for “we’ll underpay you and hope you’re too scared to leave.” If they don’t value your survival, they sure as hell won’t value your work.
Definitely run, exposure and “looking good on your CV” are terrible bases for a job. It’s just saying up front how they’re going to treat you terribly and how you should already start looking for a new job.
If you are in desperate need of something right now, I’d probably consider it. Have taken some jobs that I already knew wouldn’t be great but really did need something on my resume at the time. Wouldn’t expect much of it and if other options are out there probably consider them a lot more before that one.