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Grant Funds, and that the Owner shall not succeed to any rights, benefits or advantages of the Grantee under the Housing Development Grant Agreement, or attain any privileges, authorities interests or rights in or under the Housing Development Grant Agreement. (f) HUD Approval of Amendments. During the term of the Housing Development Grant Agreement this Lease shall not be amended in any material respect after such approval and acceptance, without the prior written approval of HUD. "Material" shall be defined as anything, in the control of the Grantee or any Participating Party, which cancels or reduces any developmental or financial obligation of any Participating Party by more than ten (10%) percent, changes the sites or character of any development activity, or increases any time for performance by a party by more than thirty (30) days. (g) Disclaimer of Relationships. Nothing contained in the Housing Development Grant Agreement, or in the contract between the parties, nor any act of HUD, the Grantee or any of the parties, shall be deemed or construed by any of the parties, or by third persons, to create any relationship of third -party beneficiary, principal and agent, limited or general partnership, joint venture, or any association or relationship involving HUD. (h) Conflict of Interest. No person (i) who is an employee, agent, consultant, officer or elected or appointed official of the unit of general local government in which the Project is located (and the State where the State is the applicant) (or of any designated public agencies) that received a HDG and who exercises or has exercised any functions or responsibilities with respect to assisted development activities or (ii) who is in a position to participate in a decision making process or gain inside information with regard to such activities, may obtain personal or financial interest or benefit from the activity, or have an interest in any contract, C:GDLEASE.EHI -36-