Exhibit 10.5

	
	US.106130059.03
LEASE AMENDING AGREEMENT NO. 4
This  LEASE  AMENDING  AGREEMENT  NO.  4  (this  "Amendment")  is  dated  May
18, 2020,  for  reference purposes  only,  by  CVRx,  Inc.,  a  Delaware  corporation  ("Tenant")  and
AX CROSSTOWN VI L.P. ("Landlord"), with reference to the following facts:
A. Landlord, as successor in title to DUKE REALTY LIMITED PARTNERSHIP, and Tenant
are the current parties to that certain Lease, dated as of October 13, 2008, as amended by that
certain  Letter  of  Understanding  dated  December  3,  2009,  as  further  amended  by  that  certain
First Lease Amendment dated November 30, 2010, as further amended by that certain Second
Lease  Amendment  dated  October  22,  2012,  as  further  amended  by  that  certain  Lease
Amending  Agreement  No.  3  dated  May  20,  2016  (collectively  the  "Lease"),  for  the  lease  by
Tenant of space in a building known as Crosstown North Business Center VI  located at 9201
West  Broadway  North,  Brooklyn  Park,  Minnesota  55445,  consisting  of  approximately  23,890
square feet, as more particularly described in the Lease (the "Premises").  All capitalized terms
referred to in this Amendment shall have the same meaning defined in the Lease, except where
expressly defined to the contrary in this Amendment.
B. Tenant and Landlord desire to amend the Lease to extend the current term of the Lease,
which  is  set  to  expire  on  July  31,  2021,  for  an  additional  period  of  thirty-six  (36)  consecutive
months, and to make certain other specific modifications as set forth below to the Lease, upon
the terms and conditions hereinafter set forth.
NOW,  THEREFORE,  in  consideration  of  the  foregoing  and  the  mutual  covenants
hereinafter contained, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:
1.0 Confirmation.  Tenant acknowledges and agrees that, as of the date of its execution of this
Amendment: (a) Tenant is in sole possession of the Premises demised under the Lease; (b)
all  work,  improvements  and  furnishings  required  to  have  been  performed  or  provided  by
Landlord under the Lease on or before the date hereof have been completed and accepted
by  Tenant;  (c)  Tenant  has  no  presently  enforceable  offset,  claim,  recoupment  or  defense
against the payment of rent and other sums and the performance of all obligations of Tenant
under  the  Lease  and  the  Lease  is  binding  on  Tenant  and  is  in  full  force  and  effect,  and
Tenant  has  no  current  defenses  to  the  enforcement  of  the  Lease;  (d)  Tenant  has  not
assigned the Lease, or sublet any portion of the Premises, and (e) Tenant is not in default of
the Lease and Tenant acknowledges that Landlord is not in default
of the Lease.
2.0 Term. The Term of the Lease shall be extended for an additional thirty-six (36) consecutive
months  commencing  August  1,  2021,  such  that  it  will  expire  on  July  31,  2024  (the
"Extension Term").
3.0 Rent. The monthly Base Rent from and after August 1, 2021 shall be as follows:
Time Period            Monthly Base Rent
August 1, 2021  July 31, 2022 $18,674.02
August 1, 2022  July 31, 2023 $19,234.24
August 1, 2023  July 31, 2024 $19,811.26
Exhibit 10.5





	
	4.0 Condition  of Premises. Tenant shall accept  the Premises in its  AS-IS condition as of the
commencement of the Extension Term, and Landlord shall have no obligation to make or
pay  for  any  alterations,  additions,  improvement  or  renovations  in  or  to  the  Premises  to
erm.
5.0 Option Rights.  All option rights, if any, contained in the Lease, including, without limitation,
options to extend or renew the term of the Lease or to expand the Premises, and the Right
of First Offer have been or are hereby deleted and are of no force and effect, except that the
option to renew as set forth in paragraph 9.0 of the Lease Amending Agreement No. 3 dated
May  20,  2016  shall  remain  in  full  force  and  effect,  and  Tenant  shall  have  the  right  to
exercise  the  same  in  accordance  with  the  terms  of  said  paragraph  9.0.  but  for  a  period
following the Extension Term as defined herein.
6.0 Real  Estate  Brokers.    Notwithstanding  anything  to  the  contrary  contained  in  the  Lease,
Landlord  and  Tenant  each  represents  and  warrants  to  the  other  party  that  it  has  not
authorized  or  employed,  or  acted  by  implication  to  authorize  or  employ,  any  real  estate
broker or salesman to act for it in connection with this Amendment, except for CBRE, Inc.,
representing  Landlord  and  Carlson-Commercial,  representing  the  Tenant,  each  of  whom
shall be paid a commission by Landlord pursuant to a separate written agreement.  Landlord
and  Tenant  shall  each  indemnify,  defend  and  hold  the  other  party  harmless  from  and
against  any  and  all  claims  by  any  other  real  estate  broker  or  salesman  whom  the
indemnifying party authorized or employed, or acted by implication to authorize or employ,
to act for the indemnifying party in connection with this Amendment.
7.0 Landlord's Notice Address.  Effective immediately: (a) Landlord's notice address under the
Lease is hereby amended and restated as follows:  AX CROSSTOWN VI L.P., c/o AX US
Management,  Inc.,  Artis  REIT,  120  South  6th  Street,  Suite  150,  Minneapolis,  Minnesota,
55402, with a copy to the Landlord at AX CROSSTOWN VI L.P., c/o Artis REIT, Attn: Mr.
Philip Martens, 16220 North Scottsdale Road, #280, Scottsdale, AZ  85254.
8.0 Procedure for Rent Payments.  Tenant shall pay rental payments and other payments due
hereunder by check to Landlord at:
 nts:
  AX Crosstown VI L.P.
  P.O. Box 74008949-0267
  Chicago, IL 60674-8949
9.0 General Provisions.
9.1  Further Assurances.  Landlord and Tenant each agree to execute any and all
documents and agreements reasonably requested by the  other party to further
evidence or effectuate this Amendment.
9.2  Successors and Assigns.  This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their successors and assigns.
9.3  Reaffirmation.    As  amended  hereby,  the  Lease  shall  remain  in  full  force  and
effect. 





	
	9.4 Conflicts.    In  case  of  any  conflict  between  any  term  or  provision  of  this
Amendment  and  the  Lease,  the  term  or  provision  of  this  Amendment  shall
govern.
9.5 Counterparts. This Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which when taken together
shall  constitute  one  agreement.    The  parties  may  execute  this  Amendment
electronically.    Executed  copies  hereof  may  be  delivered  by  email  or  other
electronic means and upon receipt will be deemed originals and binding upon the
parties hereto, regardless of whether originals are delivered thereafter.
10.0 Effectiveness.  The parties agree that the submission of a draft or copy of this Amendment
for review or signature by a party is not intended, nor shall it constitute or be deemed, by
either  party  to  be  an  offer  to  enter  into  a  legally  binding  agreement  with  respect  to  the
subject  matter  hereof  and  may  not  be  relied  on  for  any  legal  or  equitable  rights  or
obligations.  Any draft or document submitted by Landlord or its agents to Tenant shall not
constitute a reservation of or option or offer in favor of Tenant.  The parties shall be legally
bound with respect to the subject matter hereof pursuant to the terms of this Amendment
only if, as and when all the parties have executed and delivered this Amendment to each
other.  Prior to the complete execution and delivery of this Amendment by all parties, each
party  shall  be  free  to  negotiate  the  form  and  terms  of  this  Amendment  in  a  manner
acceptable to each party in its sole and absolute discretion.  The parties acknowledge and
agree that the execution and delivery by one party prior to the execution and delivery of this
Amendment by the other party shall be of no force and effect and shall in no way prejudice
the party so executing this Amendment or the party that has not executed this Amendment.
[Signatures to follow on next page.]
 





	
	
IN  WITNESS  WHEREOF,  the  parties  hereto  have  executed  this  Amendment  on  the
dates specified beside their respective signatures.
LANDLORD:

AX CROSSTOWN VI L.P.,
a Delaware limited partnership
By Its General Partner:
AX Crosstown VI, LLC,
a Delaware limited liability company



By: _/s/ Philip Martens________________ Date: _May 22, 2020 / 12:26 PM MST___
Name: Philip Martens

Its:  Authorized Signatory


By: _/s/ Jim Green ________    ________ Date: _May 22, 2020 / 2:38 PM CDT___
Name: Jim Green

Its:  Authorized Signatory



TENANT:


CVRx, Inc.,
a Delaware corporation

By: _/s/ John R. Brintnall____    ________ Date: _May 22, 2020 / 6:07 PM PDT___
Name: John R. Brintnall

Its:  Chief Financial Officer