Common use of POS System/ Sales App Clause in Contracts

POS System/ Sales App. Tenant, at Tenant’s sole cost and expense, shall 1) be required to use one of the following POS systems (“Sales System”) at the Leased Premises to record all transactions conducted in, on or from the Leased Premises: Square, Shopify, Clover, Lightspeed, Vend, Hike or Toast POS System(s) in accordance with the provision of this agreement; and 2) connect its Sales System to a sharing platform of a provider (the “Sales App”) required by Landlord at the Shopping Center, if available, for the collection of all information relating to any transactions conducted in, on or from the Leased Premises. Tenant hereby agrees that Landlord shall have the right to obtain the record of such transactions as prepared by the Sales App as well as a record of all Gross Sales resulting from business conducted in, on or from the Leased Premises and shall have the right to bill Licensee and/or collect percentage rent, if applicable, based on such information. Tenant shall pay Landlord a one-time setup fee of $100 for the foregoing service and a monthly fee, which monthly fee shall be subject to annual increases capped at 3% per annum (the 2023 monthly fee is estimated to be $30).