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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 Hank <br />8 <br />