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merchandise and all revenue derived from business conducted in the Leased • <br /> Premises kept according to sound accounting principles. Lessee will keep excise tax <br /> reports, state sales tax reports (including quarterly and annual reports with <br /> information necessary to isolate sales from the Leased Premises), business and <br /> occupation tax reports, gross income tax reports, general ledgers, other financial <br /> registers or books of original entry such as are customarily kept and maintained in <br /> the restaurant business in the Minneapolis/St. Paul metro area, and monthly <br /> financial statements. Such records will be retained for at least two years after the <br /> expiration of each lease year. <br /> Lessor, or its duly authorized representatives, will have access, at all <br /> reasonable times during ordinary business hours at the above said location, to the <br /> books and sales records of the Lessee for the purpose of inspecting and auditing to <br /> verify gross sales. Lessor agrees to keep all such information confidential. If Lessor <br /> conducts an audit of gross sales and the audit establishes gross sales in an amount <br /> which exceeds the gross sales reported by Lessee by five percent (5%) or more, Lessee <br /> will promptly pay the cost of the audit. Lessor will provide Lessee with a copy of any <br /> audit conducted. <br /> 18. WAIVER OF SUBROGATION. <br /> If any property of Lessee, its agents, employees, representatives, <br /> customers, invitees or others claiming through or under Lessee, which may be at <br /> any time in or about the Leased Premises or the Building, is damaged or destroyed, • <br /> all claims against Lessor, its agents, employees, representatives and invitees and all <br /> right of subrogation of any insurance company carrying any insurance covering said <br /> loss or damage are hereby waived by Lessee. <br /> If any damage to or destruction of the Leased Premises or the Building <br /> occurs by causes which could be covered by standard Minnesota form fire and <br /> extended coverage insurance, all claims of Lessor against Lessee, its agents, <br /> employees, representatives and invitees for any such loss and damage and all right <br /> of subrogation of any insurance company carrying any insurance covering such loss <br /> or damage are hereby waived by Lessor. <br /> 19. NOTICE UPON DEFAULT. <br /> If Lessee defaults in its performance of any covenant or agreement <br /> contained in this Lease, the Lessor shall give Lessee written notice of such default <br /> and Lessee shall have ten (10) days in which to.cure such default before Lessor may <br /> exercise its remedies outlined above. <br /> -10- • <br />