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16. SELLER'S TRANSACTION APPROVAL. Seller's obligation to perform hereunder <br /> is contingent upon Seller obtaining,before the Closing Date, approval of the transaction <br /> contemplated by this Agreement by the City Council of the City of Pequot Lakes, <br /> Minnesota. Notwithstanding anything in this Agreement to the contrary, if such approval <br /> has not been obtained by the Closing Date,this Agreement shall be null and void. <br /> Execution of this Agreement by any person on behalf of the Seller prior to obtaining the <br /> necessary approvals provided herein shall not confer any personal authority nor create <br /> any personal liability on the signer for the obligations of Seller under this Agreement. <br /> Remainder of this page intentionally left blank. <br /> 8 <br />