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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Rules and Regulations for the benefit of any particular tenant if Landlord reasonably deems such waiver appropriate, but no such waiver shall be construed as a waiver of such Rules and Regulations in favor of any other tenant, nor prevent Landlord from enforcing such Rules and Regulations against any or all tenants of the Building. Landlord shall not have any obligation to enforce the Rules and Regulations or the terms of any other lease against any other Tenant and Landlord shall not be liable to Tenant for violation thereof by any other tenant, its employees, representatives, agents, contractors, visitors, subtenants, licensees or invitees. In the event that there shall be a conflict between such Rules and Regulations and the provisions of this Lease, the provisions of this Lease shall control. The Rules and Regulations currently in effect are set forth in Exhibit F attached hereto and made a part hereof.

Financial Statements. Tenant shall deliver to Landlord, within ten (10) days after Landlord’s reasonable request for
the same, Tenant’s most recently completed financial statements (audited if available) prepared and certified by an independent
certified public accountant and certified by an officer of Tenant as being true and correct in all material respects. Landlord and its
affiliates and investors shall keep such financial statements confidential, provided that Landlord shall be permitted to deliver such
financial statements to a lender, purchaser or lessor or a prospective lender, purchaser or lessor in connection with (i) a sale or financing
of the Building or the Property or any interest in any deed of trust encumbering the Building or the Property, or (ii) a sale of all
or substantially all of the interests in Landlord or (iii) any other recapitalization of the equity interests in Landlord, so long as
Landlord first advises the recipient of the confidential nature of such statements. Notwithstanding the foregoing, if and only so long
as Tenant’s stock is publicly traded on a national exchange (or publicly listed in an equivalent manner, such as on NASDAQ) that
requires its financial statements to be publicly disclosed, Tenant shall have no obligation to deliver any financial statements to Landlord.
Any such financial statements may be relied upon by any actual or potential lessor, purchaser, or mortgagee of the Property.

Substitute Space. Intentionally Omitted.

Confidentiality. Tenant agrees that this Lease and the terms contained herein will be treated as strictly confidential and
except as required by Law (or except with the written consent of Landlord) Tenant shall not disclose the same to any third party except
for Tenant’s partners, lenders, accountants and attorneys who have been advised of the confidentiality provisions contained herein
and agree to be bound by the same. In the event Tenant is required by Law to provide this Lease or disclose any of its terms, Tenant
shall give Landlord prompt notice of such requirement prior to making disclosure so that Landlord may seek an appropriate protective
order. If failing the entry of a protective order Tenant is compelled to make disclosure, Tenant shall only disclose portions of the
Lease which Tenant is required to disclose and will exercise reasonable efforts to obtain assurance that confidential treatment will
be accorded to the information so disclosed.

Invalidity of Particular Provisions; Saving Clause. If any term or provision of this Lease, or the application thereof to
any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such
term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected
thereby, and each term and provision of this Lease shall be valid and be enforced to the fullest extent permitted by law. If (but solely
to the extent) the limitations on Landlord’s liability set forth in this Lease would be held to be unenforceable or void in the
absence of a modification holding the Landlord liable to Tenant or to another person for injury, loss, damage or liability arising from
Landlord’s omission, fault, negligence or other misconduct on or about the Premises, or other areas of the Property appurtenant
thereto or used in connection therewith and not under Tenant’s exclusive control, then such provision shall be deemed modified
as and to the extent (but solely to the extent) necessary to render such provision enforceable under applicable Law. The foregoing shall
not affect the application of Section 15.3 to limit the assets available for execution of any claim against Landlord.

Provisions Binding, Etc. Except as herein otherwise provided, the terms hereof shall be binding upon and shall inure to the
benefit of the successors and assigns, respectively, of Landlord and Tenant (except in the case of Tenant, only such successors and assigns
as may be permitted hereunder) and, if Tenant shall be an individual, upon and to his heirs, executors, administrators, successors and
permitted assigns. Each term and each provision of this Lease to be performed by Tenant shall be construed to be both a covenant and
a condition. Any reference in this Lease to successors and assigns of Tenant shall not be construed to constitute a consent to assignment
by Tenant.

Recording. Tenant agrees not to record this Lease, but each party hereto agrees, on the request of the other, to execute a
short form memorandum of lease in recordable form and complying with applicable Law and shall contain no information other than what
is statutorily required to record a short form memorandum of lease. In no event shall such document set forth the rent or other charges
payable by Tenant under this Lease; and any such document shall expressly state that it is executed pursuant to the provisions contained
in this Lease, and is not intended to vary the terms and conditions of this Lease. At any time following Landlord’s request, Tenant
shall execute and deliver to Landlord within ten (10) days after such request a release of any document recorded in the real property
records for the location of the Property evidencing this Lease or notice of termination of this Lease in recordable form, which shall
be held in escrow by Landlord until the expiration or earlier termination of the Term. The obligations of Tenant under this Section shall
survive the expiration or any earlier termination of the Term.

Notice. Whenever, by the terms of this Lease, notice shall or may be given either to Landlord or to Tenant (excluding notices
pursuant to Section 15.1), such notice shall be in writing and shall be sent by hand, registered or certified mail, or overnight
or other commercial courier, postage or delivery charges, as the case may be, prepaid as follows:

intended for Landlord, addressed to Landlord at the address set forth in Article 1 of this Lease (or to such other address or
addresses as may from time to time hereafter be designated by Landlord by like notice).

intended for Tenant, addressed to Tenant at the address set forth in Article 1 of this Lease except that from and after the Commencement
Date the address of Tenant shall be the Premises (or to such other address or addresses as may from time to time hereafter be designated
by Tenant by like notice).

Except
as otherwise provided herein, all such notices shall be effective when received; provided, that (i) if receipt is refused, notice shall
be effective upon the first occasion that such receipt is refused, (ii) if the notice is unable to be delivered due to a change of address
of which no notice was given, notice shall be effective upon the date such delivery was attempted, (iii) if the notice address is a post
office box number, notice shall be effective the day after such notice is sent as provided hereinabove or (iv) if the notice is to a
foreign address, notice shall be effective two (2) days after such notice is sent as provided hereinabove.

Any
notice given by an attorney on behalf of Landlord or by Landlord’s managing agent shall be considered as given by Landlord and
shall be fully effective.