SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-10.5
Date Filed: 2026-02-12
Accession Number: 0001493152-26-006407
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315226006407/ex10-5.htm

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as provided in this Article, whether or not Landlord shall have collected any such current damages, as liquidated final damages and in lieu of all such current damages beyond the date of such demand, at Landlord’s election Tenant shall pay to Landlord an amount equal to the excess, if any, of the Basic Rent, Escalation Charges, Additional Rent and other sums as hereinbefore provided which would be payable hereunder from the date of such demand assuming that, for the purposes of this paragraph, annual payments by Tenant on account of Taxes and Operating Expenses would be the same as the payments required for the immediately preceding Operating or Tax Year plus a three percent (3%) annual increase per year for what would be the then unexpired Term of this Lease if the same remained in effect, over the then fair net rental value of the Premises for the same period.

In case of any Event of Default, re-entry, expiration and dispossession by summary proceedings or otherwise, Landlord may (i) relet the
Premises or any part or parts thereof, either in the name of Landlord or otherwise, for a term or terms which may at Landlord’s
option be equal to or less than or exceed the period which would otherwise have constituted the balance of the Term of this Lease and
may grant concessions or free rent to the extent that Landlord considers advisable and necessary to re let the same and (ii) make such
alterations, repairs and decorations in the Premises as Landlord considers advisable and necessary for the purpose of reletting the Premises;
and the making of such alterations, repairs and decorations shall not operate or be construed to release Tenant from liability hereunder
as aforesaid. Tenant, for itself and any and all persons claiming through or under Tenant, including its creditors, upon the termination
of this Lease and of the term of this Lease in accordance with the terms hereof, or in the event of entry of judgment for the recovery
of the possession of the Premises in any action or proceeding, or if Landlord shall enter the Premises by process of law or otherwise,
hereby waives any right of redemption provided or permitted by any statute, law or decision now or hereafter in force, and does hereby
waive, surrender and give up all rights or privileges which it or they may or might have under and by reason of any present or future
law or decision, to redeem the Premises or for a continuation of this Lease for the term of this Lease hereby demised after having been
dispossessed or ejected therefrom by process of law, or otherwise.

In addition to any other remedies under this Article 14, Tenant shall immediately become liable to Landlord for all damages proximately
caused by Tenant’s breach of its obligations under this Lease, including all costs Landlord incurs in reletting (or attempting
to relet) the Premises or any part thereof, including, without limitation, brokers’ commissions, expenses of cleaning, altering
and preparing the Premises for new tenants, legal fees and all other like expenses properly chargeable against the Premises and the rental
received therefrom and like costs, provided that nothing set forth in this Section 14.2(f) shall be construed to impose upon Landlord
any obligation to relet the Premises or to mitigate its damages hereunder, except to the extent expressly required under applicable Law.
If Landlord does elect to relet the Premises (or any portion thereof), such reletting may be for a period shorter or longer than the
remaining Term, and upon such terms and conditions as Landlord deems appropriate, in its sole and absolute discretion, and Tenant shall
have no interest in any sums collected by Landlord in connection with such reletting except to the extent expressly set forth herein.
If the Premises or any part thereof shall be relet in combination with any other space, then proper apportionment on a per-square foot
basis shall be made of the rent received from such reletting and of the expenses of such reletting. If Landlord shall succeed in reletting
the Premises during the period in which Tenant is paying monthly rent damages as described in Section 14.2(c), Landlord shall
credit Tenant with the net rents collected by Landlord from such reletting, after first deducting from the gross rents, as and when collected
by Landlord, (A) all expenses incurred or paid by Landlord in collecting such rents, and (B) any theretofore unrecovered costs associated
with the termination of this Lease or Landlord’s reentry into the Premises, including any theretofore unrecovered expenses of reletting
or other damages payable hereunder. If the Premises or any portion thereof be relet by Landlord for the unexpired portion of the Term
before presentation of proof of such damages to any court, commission or tribunal, the amount of rent reserved upon such reletting shall,
prima facie, constitute the fair and reasonable rental value for the Premises, or part thereof, so relet for the term of the reletting.
Landlord shall not be liable in any way whatsoever for its failure or refusal to relet the Premises or, if the Premises or any part are
relet, for its failure to collect the rent under such reletting, and no such refusal or failure to relet or failure to collect rent shall
release or affect Tenant’s liability for damages or otherwise under this Lease.

If the trustee or the debtor in possession assumes the Lease under applicable bankruptcy law, it may assume and assign its interest in
this Lease only if the proposed assignee first provides Landlord with (1) notice of such proposed assignment, setting forth (i) the name
and address of the proposed assignee, its proposed use of the Premises, reasonably detailed character and financial references for such
person (including its most recent balance sheet and income statements certified by its chief financial officer or, if available, a certified
public accountant) and any other information reasonably requested by Landlord, and (ii) all of the terms and conditions of such offer,
shall be given to Landlord by Tenant or such trustee no later than twenty (20) days after receipt by Tenant or such trustee of such offer,
but in any event no later than ten (10) days prior to the date that Tenant or such trustee shall make application to a court of competent
jurisdiction for authority and approval to assume this Lease and enter into such assignment; (2) Adequate Assurance of Future Performance
(as hereinafter defined) of all of Tenant’s obligations under this Lease, and (3) Landlord determines, in the exercise of its reasonable
business judgment, that the assignment of this Lease will not breach any other lease, or any mortgage, financing agreement, or other
agreement relating to the Property by which Landlord or the Property is then bound (and Landlord shall not be required to obtain consents
or waivers from any third party required under any lease, mortgage, financing agreement, or other such agreement by which Landlord is
then bound). Landlord shall have the option, to be exercised by notice to Tenant or such trustee given at any time prior to the date
the application is filed for court approval of the assumption and assignment of this Lease to the proposed assignee, to accept an assignment
of this Lease upon the same terms and conditions and for the same consideration, if any, as the bona fide offer made by such proposed
assignee, less any brokerage commissions which may be payable out of the consideration to be paid by such person for the assignment of
this Lease.

For purposes only of paragraph (g) above, and in addition to any other requirements under the Bankruptcy Code, any future federal
bankruptcy law and applicable case law, “Adequate Assurance of Future Performance” means at least the satisfaction of the
following conditions, which Landlord and Tenant acknowledge to be commercially reasonable:

the proposed assignee submitting a current financial statement, audited by a certified public accountant, that allows a net worth and
working capital in amounts determined in the reasonable business judgment of Landlord to be sufficient to assure the future performance
by the assignee of Tenant’s obligation under this Lease; and

if requested by Landlord in the exercise of its reasonable business judgment, the proposed assignee obtaining a guarantee (in form and
substance satisfactory to Landlord) from one or more persons who satisfy Landlord’s standards of creditworthiness; and

(iii)
the proposed assignee is of a character and financial worth such as is in keeping with the standards of Landlord in those respects for
the Property, the assignee’s tenancy is of the same quality as other tenants at the Property, and the purposes for which the proposed
assignee intends to use the Premises are uses expressly permitted by and not prohibited by this Lease or prohibited by any other lease
at the Property.