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

Chunk 23 of 28
Word Count: 1479
Character Count: 9452

Document Content:

by electronic mail in so-called “pdf” format shall be legal and binding and shall have the same full force and effect as if an original of this Lease had been delivered. Landlord and Tenant (i) intend to be bound by the signatures on any document sent by facsimile or electronic mail, (ii) are aware that the other party will rely on such signatures, and (iii) hereby waive any defenses to the enforcement of the terms of this Lease based on the foregoing forms of signature. Governing Law. This Lease shall be governed by the laws of the state in which the Property is located, without regard to application of any conflict of law principles. [Signatures commence on following page] [Signature page of lease] WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be duly executed by persons hereunto duly authorized, as of the date first set forth above. LANDLORD:

BRICKMAN
FORBES BOULEVARD LLC, a Delaware limited liability company

Michael Bernstein

Name:	Michael
Bernstein

Title:	Auth
Sig.

TENANT:

BIOVENTRIX
INC., a Delaware corporation

James Dillon

Name:	James
Dillon

Title:	President
and Chief Executive Officer

Tenant’s
Federal Taxpayer

Identification
Number: 20-0372415

EXHIBIT

Location
Plan of Premises

EXHIBIT

Legal
Description of the Property

EXHIBIT

certain parcel of land in Mansfield, Bristol County. Massachusetts shown as Lot C on a plan by Norwood Engineering Co., Inc.
dated November 10, 1982 and recorded with the Bristol North Registry of Deeds in Plan Book 200, Page 21, bounded and described as
follows:

NORTHERLY	By
Forbes Boulevard, two hundred forty-two and 05/100 (242.05) feet;

EASTERLY
AND NORTHERLY	By
Lot B on said plan, one hundred eighty-one and 68/100 (181.68) feet; seventeen and 48/100 (17.48) feet; one hundred ninety-six and
69/100 (196 69) feet; thirty-one and 31/100 (31.31) feet; ten and 88/100 (10.88) feet; and eighty-one and 88/100 (81.88) feet;

EASTERLY	By
Lot B, land of Wynn, Kelso and Marquardt two hundred forty-one and 91/100 (241.91) feet; and three hundred eighty-eight and 32/100
(388.32) feet;

SOUTHERLY	By land of
William R. and Janette M. Schultz one hundred forty-four (144) feet;

WESTERLY, SOUTHERLY, AND EASTERLY	By land of Herbert and
Leslie Schultz ninety-seven and 29/100 (97.29) feet; two hundred forty-five and 55/100 245.55) feet; and seventy-six and 77/100 (76.77)
feet

SOUTHERLY AND EASTERLY	By land of Kauffman, one
hundred fifty (150) feet and fifty (50) feet;

SOUTHERLY	By land of Dutra, two hundred
ten (210) feet;

NORTHWESTERLY	By land of WRC Properties,
Inc., four hundred eighty-four and 62/100 (484.62) feet;

WESTERLY	By land of WRC Properties,
Inc., seven hundred forty-two and 95/100 (742 95) feet.

Together with those rights and easements, if any,
as further described in Deed from Daniel G. Wheeler and John M. Hines, Trustees of Mansfield Trust to WRC Properties, Inc. dated August
2, 1977 and recorded in Book 1739, Page 163.

Together with rights and easement, if any, as set
forth In Easement from WRC Properties, Inc. to Forbes Boulevard Limited Partnership dated August 6, 1986 and recorded in Book 3681, Page

Together with rights and easement, if any, as set
forth In Grant of Easement from Kevin B. Delaney, Trustee of the Wayfield Realty Trust u/d/t dated February 28, 1995, recorded in Book
6288, Page 216 to Forbes Boulevard Limited Partnership dated May 12, 1999 and recorded in Book 8271, Page 321.

NOTE:
Actual Square Footage Is Not Insured

This Policy is invalid unless the cover sheet and Schedule A are attached -

EXHIBIT

Work
Letter

All
improvements to the Premises necessary to prepare the same for Tenant’s use and occupancy (“Tenant’s Work”)
shall be performed by Tenant at its sole cost and expense (with the exception of Landlord’s Contribution (as defined in Section
1.1 of the Lease), in a good and workmanlike manner, in accordance with all applicable Laws (as defined in the Lease), in accordance
with plans and specifications prepared by Tenant and approved by Landlord, and in accordance with the provisions of this Lease, including,
without limitation Section 5.2 and Exhibit F (including Attachments I and II) to the Lease.

Tenant
shall be solely responsible for the preparation of the architectural, electrical and mechanical construction drawings, plans and specifications
necessary to construct the Premises for Tenant’s occupancy, which plans shall be subject to approval by Landlord as set forth above.
Landlord’s approval is solely given for the benefit of Landlord, and neither Tenant nor any third party shall have the right to
rely upon Landlord’s approval of Tenant’s plans for any purpose whatsoever. In the event Landlord’s approval of Tenant’s
plans is withheld or conditioned, Landlord shall identify the reasons for such refusal or condition in writing, and Tenant shall promptly
have the plans revised by its architect to incorporate the objections and conditions presented by Landlord and shall resubmit such plans
to Landlord. Such process shall be followed until the plans shall be approved by Landlord. Without limiting the foregoing, Tenant shall
be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality
of design, the structural integrity of the design, the configuration of the Premises and the placement of Tenant’s furniture, appliances
and equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the responsibility for such
design. Without limitation of the foregoing, Tenant shall provide Landlord with a copy of the signed construction contract.

Promptly
after early access to the Premises has been provided, Tenant shall perform Tenant’s Work with respect to the Premises in accordance
with such approved plans and specifications therefor, and Tenant shall diligently pursue the same to completion. Notwithstanding anything
that may be in the Lease to the contrary, Tenant shall not be deemed to be the owner of Tenant’s Work to the extent that such work
was paid for utilizing the Landlord’s Contribution, provided, however, that Tenant shall have the absolute right to use Tenant’s
Work during the Lease Term.

Provided
that Tenant is not in default beyond the expiration of all applicable notice, grace and cure periods (if any) under the Lease, Landlord
shall contribute towards the documented out of pocket hard costs incurred by Tenant in connection with the Tenant’s Work with respect
to the Premises an amount up to the Landlord’s Contribution. Any unused portion of Landlord’s Contribution may not be applied
towards furniture, fixtures, equipment, soft costs or Rent, and shall be forfeited without credit to Tenant.

Landlord
shall pay to Tenant (or, at Landlord’s election, directly to Tenant’s contractor) upon written requisition to Landlord,
as provided below, the lesser of the amount of the hard costs certified in Tenant’s Requisition Package (as defined below) or
the amount of Landlord’s Contribution but in no event shall any amount be payable with respect to a requisition received by
Landlord after the date that is twelve (12) months following the Commencement Date (the “Outside Date”).
In any case, prior to payment of any Landlord’s Contribution, Tenant shall deliver to Landlord a written request, for such
disbursement, which shall be accompanied by: (i) invoices for the Tenant’s Work covered by such requisition; (ii) final lien
waivers with respect to all invoices to be paid from such requisition, and, in the case of any payments to be made to Tenant, and
not as a direct payment to the contractor, copies of paid invoices; (iii) a certificate signed by the Tenant’s architect
certifying that Tenant’s Work represented by the aforementioned invoices has been completed substantially in accordance with
the approved plans and specifications; (iv) a certificate of substantial completion and as-built plans for Tenant’s Work; (v)
a certificate of occupancy (if the same is legally required in connection with Tenant’s Work, and (vi) all other information
and materials reasonably requested by Landlord (collectively, “Tenant’s Requisition
Package(s)”).

The
costs of Tenant’s Work shall not include costs arising from an Event of Default or from any facts or circumstances that could become
an Event of Default, such as legal fees or bonding costs arising in connection with a mechanic’s lien placed on the Premises or
Tenant’s interest therein.

the extent the cost to construct Tenant’s Work exceeds the Landlord’s Contribution, Tenant shall be solely responsible for
such costs. Tenant shall not be entitled to any unused portion of the Landlord’s Contribution.

Tenant
shall promptly remove from the common facilities any of Tenant’s or Tenant’s contractors’ or subcontractors’
equipment, materials, supplies or other property deposited in the common facilities during the construction of the Tenant’s Work.
Further, Tenant shall at no time disrupt any existing tenant’s or Building occupant’s access to their premises or the Building,
nor allow disruptions of mechanical, electrical, telephone and plumbing services or interrupt or interfere with the normal business operations
of any other tenant or occupant of the Building.

EXHIBIT

Commencement
Date Letter

[Name
of Contact]

[Name
of Tenant]

[Address
of Tenant]

RE:	[ Name
of Tenant]

[Premises
Rentable Area and Floor] [Address of Building]

Dear
[Name of Contact]: