Most Helpful Guy
Without knowing the full story, it is difficult to say. I personally wouldn't invest too many feelings into it, as it feels as if he may want a fall back girl out of you.
Most Helpful Girl
Not necessarily, you can have feelings of affection for someone without wanting to commit to a relationship with them.
He’s being honest about the fact he doesn’t want a relationship, and that there is no exclusitivity. I’m not exactly sure how this is playing you when he’s being clear and honest