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(c) Controlling Law. This Agreement has been made under the laws of the State of <br /> Minnesota, and such laws will control its interpretation. <br /> (d) No Waiver. Neither the failure of either party to exercise any power given such <br /> party hereunder or to insist upon strict compliance by the other party with its <br /> obligations hereunder, nor any custom or practices of the parties at variance with <br /> the terms hereof constitutes a waiver of either party's right to demand exact <br /> compliance with the terms hereof. <br /> (e) Amendments. No amendment to this Agreement will be binding on either of the <br /> parties hereto unless such amendment is in writing and is executed by the party <br /> against whom enforcement of such amendment is sought. <br /> (f) Date for Performance. If the time period by which any right, option or election <br /> provided under this Agreement must be exercised, or by which any act required <br /> hereunder must be performed, or by which the Closing must be held, expires on a <br /> Saturday, Sunday or legal or bank holiday, then such time period will be <br /> automatically extended through the close of business on the next regularly <br /> scheduled business day. <br /> (g) Recording. Neither party will record this Agreement or a short-form of this <br /> Agreement without the consent of the other party. <br /> (h) Counterparts. This Agreement may be executed in counterparts, in which case all <br /> such counterparts will constitute one and the same agreement; however, this <br /> Agreement shall not become binding upon any party unless and until executed <br /> (whether or not in counterpart)by all the parties. Telecopy or facsimile signatures <br /> by the parties will be regarded as valid and binding signatures of the parties. <br /> (i) Time of the Essence. Time is of the essence of this Agreement and every term <br /> and condition hereof. <br /> (j) Severability. This Agreement is intended to be performed in accordance with, <br /> and only to the extent permitted by, all applicable laws, ordinances, rules and <br /> regulations, and is intended, and will for all purposes be deemed to be, a single, <br /> integrated document setting forth all of the agreements and understandings of the <br /> parties hereto, and superseding all prior negotiations, understandings and <br /> agreements of such parties. If any term or provision of this Agreement or the <br /> application thereof to any person or circumstance is, for any reason and to any <br /> extent, held to be invalid or unenforceable, then such term or provision will be <br /> ignored, and to the maximum extent possible, this Agreement will continue in full <br /> force and effect, but without giving effect to such term or provision. <br /> CITY OF ELK RIVER <br /> 20197ov8 11 <br />