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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in this subparagraph (ii)), provided that (x) in no event shall Tenant have such additional period of time that would (A) subject Landlord or any Superior Lessor or any Superior Mortgagee to prosecution for a crime or any other fine or charge, (B) subject the Property, or any part thereof, to any lien or encumbrance which is not removed or bonded within the time period required under this Lease, or (C) result in a default under any Superior Lease or under any Superior Mortgage and (y) such written notice shall only be required twice in any twelve (12) month period, with any subsequent similar performance default constituting an Event of Default unless cured within the period required under this Lease without need for an additional written notice); or (iii) Tenant’s leasehold interest in the Premises shall be taken on execution or by other process of law directed against Tenant; or

If Tenant or any guarantor of this Lease shall (i) make an assignment for the benefit of creditors, (ii) acquiesce in a petition in any
court in any bankruptcy, reorganization, composition, extension or insolvency proceedings, (iii) seek, consent to or acquiesce in the
appointment of any trustee, receiver or liquidator of Tenant or of any guarantor of this Lease or of all or any part of Tenant’s
or such guarantor’s property, (iv) file a petition seeking an order for relief under the Title 11 of the United States Code, as
now or hereafter amended or supplemented (the “Bankruptcy Code”), or by filing any petition under any other present
or future federal, state or other statute or law for the same or similar relief, or (v) fail to win the dismissal, discontinuation or
vacating of any involuntary bankruptcy proceeding filed under the Bankruptcy Code, or under any other present or future federal, state
or other statute or law for the same or similar relief, within sixty (60) days after such proceeding is initiated; or

Any lien has been filed against the Property, or any portion thereof, as a result of Tenant’s acts, omissions or breach of this
Lease, and Tenant fails, within 30 days after the lien is filed, either (1) to cause said lien to be removed from the Property, or (2)
to furnish a bond sufficient to remove the lien or cause a title insurance endorsement to be issued with respect to such lien, which
endorsement shall be satisfactory, in form and substance to Landlord, in Landlord’s sole and absolute discretion;

then
in any such case Landlord may exercise any of Landlord’s rights or remedies available under this Lease, at law or in equity.

Landlord’s Remedies.

Upon the occurrence of an Event of Default, Landlord shall have the following remedies, in addition to any and all other rights and remedies
available at Law or in equity or otherwise provided in this Lease, any one or more of which Landlord may resort to cumulatively, consecutively,
or in the alternative:

Landlord may continue this Lease in full force and effect, and collect Rent and other charges as and when due, without prejudice to
Landlord’s right to subsequently elect to terminate this Lease on account of such Event of Default;

Landlord may terminate this Lease upon written notice to Tenant to such effect, in which event this Lease (and all of Tenant’s
rights hereunder) shall immediately terminate, but such termination shall not affect those obligations of Tenant which are intended by
their terms to survive the expiration or termination of this Lease, and Tenant shall remain liable for damages as hereinafter set forth
in this Section 14.2. This Lease may also be terminated by a judgment specifically providing for termination;

(iii)
Landlord may terminate Tenant’s right of possession without terminating this Lease upon written notice to Tenant to such effect,
in which event Tenant’s right of possession of the Premises shall immediately terminate, but this Lease shall continue subject
to the effect of this Section 14.2;

Landlord may, but shall not be obligated to, perform any defaulted obligation of Tenant, and to recover from Tenant, as Additional Rent,
the costs incurred by Landlord in performing such obligation. Notwithstanding the foregoing, or any other notice and cure period set
forth herein, Landlord may exercise its rights under this Section 14.2(a)(iv) without prior notice or upon shorter notice than
otherwise required hereunder (and as may be reasonable under the circumstances) in the event of any one or more of the following circumstances
is present: (i) there exists a reasonable risk of prosecution of Landlord unless such obligation is performed sooner than the stated
cure period; (ii) there exists an emergency arising out of the defaulted obligation; or (iii) the Tenant has failed to obtain insurance
required by this Lease, or such insurance has been canceled by the insurer without being timely replaced by Tenant, as required herein;
and

Landlord shall have the right to recover damages from Tenant, as set forth in this Section 14.2.

Upon any termination of this Lease or of Tenant’s right of possession, Landlord, at its sole election, may (i) re-enter the Premises,
either by summary proceedings, ejectment or otherwise, and remove and dispossess Tenant and all other persons and any and all property
from the same, as if this Lease had not been made, (ii) remove all property from the Premises and store the same in a public warehouse
or elsewhere at Tenant’s expense, and/or (iii) deem such property to be abandoned, and, in such event, Landlord may dispose of
such property at Tenant’s expense, free from any claim by Tenant or anyone claiming by, through or under Tenant. It shall not constitute
a constructive or other termination of this Lease or Tenant’s right to possession if Landlord (a) exercises its right to repair
or maintain the Premises, (b) performs any unperformed obligations of Tenant, (c) stores or removes Tenant’s property from the
Premises after Tenant’s dispossession, (d) attempts to relet, or, in fact, does relet, the Premises or

seeks the appointment of a receiver on Landlord’s initiative to protect Landlord’s interest under this Lease.

If this Lease shall have been terminated as provided in this Article, Tenant shall pay the Basic Rent, Escalation Charges, Additional
Rent and other sums payable hereunder up to the time of such termination, and thereafter Tenant, until the end of what would have been
the Term of this Lease in the absence of such termination, and whether or not the Premises shall have been relet, shall be liable to
Landlord for, and shall pay to Landlord, as liquidated current damages: (x) the Basic Rent, Escalation Charges, Additional Rent and other
sums that would be payable hereunder if such termination had not occurred, less the net proceeds, if any, of any reletting of the Premises,
after deducting all expenses incurred by Landlord in connection with such reletting, including, without limitation, all repossession
costs, brokerage commissions, legal expenses, attorneys’ fees, advertising, expenses of employees, alteration costs and expenses
of preparation for such reletting; and (y) if, in accordance with

Section
3.1(a), Tenant commenced payment of the full amount of Basic Rent on any day other than the Commencement Date, the amount of Basic
Rent that would have been payable during the period beginning on the Commencement Date and ending on the day Tenant commenced payment
of the full amount of Basic Rent under such Section 3.1(a). Tenant shall pay the portion of such current damages referred to in
clause (x) above to Landlord monthly on the days which the Basic Rent would have been payable hereunder if this Lease had not been terminated,
and Tenant shall pay the portion of such current damages referred to in clause (y) above to Landlord upon such termination.

At any time after termination of this Lease 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.