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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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.

Additional Rent. If Tenant shall fail to pay when due any sums under this Lease designated as an Escalation Charge or other
Additional Rent, Landlord shall have the same rights and remedies as Landlord has hereunder for failure to pay Basic Rent.

Remedying Defaults. Landlord shall have the right, but shall not be required, to pay such sums or do any act which requires
the expenditure of monies which may be necessary or appropriate by reason of the failure or neglect of Tenant to perform any of the provisions
of this Lease, and in the event of the exercise of such right by Landlord, Tenant agrees to pay to Landlord forthwith upon demand all
such sums, together with interest thereon at the Default Interest Rate, as Additional Rent.

Remedies Cumulative. The specified remedies to which Landlord may resort hereunder are not intended to be exclusive of any
remedies or means of redress to which Landlord may at any time be entitled lawfully, and Landlord may invoke any remedy (including the
remedy of specific performance) allowed at law or in equity as if specific remedies were not herein provided for.

Enforcement Costs. Tenant shall pay all costs and expenses (including, without limitation, attorneys’ fees and expenses
at both the trial and appellate levels) incurred by or on behalf of Landlord in connection with the successful enforcement of any rights
of Landlord or obligations of Tenant hereunder, whether or not occasioned by an Event of Default.

Waiver.

Failure on the part of Landlord or Tenant to complain of any action or non-action on the part of the other, no matter how long the same
may continue, shall never be a waiver by Tenant or Landlord, respectively, of any of the other’s rights hereunder. Further, no
waiver at any time of any of the provisions hereof by Landlord or Tenant shall be construed as a waiver of any of the other provisions
hereof, and a waiver at any time of any of the provisions hereof shall not be construed as a waiver at any subsequent time of the same
provisions. The consent or approval of Landlord or Tenant to or of any action by the other requiring such consent or approval shall not
be construed to waive or render unnecessary Landlord’s or Tenant’s consent or approval to or of any subsequent similar act
by the other.

Any waiver by Landlord of any provisions of this Lease must be in a writing signed by Landlord. In addition, Landlord’s acceptance
of any payment from Tenant after a termination of this Lease due to an Event of Default by Tenant shall not have the effect of reinstating
this Lease, nor estop Landlord from exercising any of the rights and remedies granted to Landlord hereunder arising out of such Event
of Default. No payment by Tenant or acceptance by Landlord of a lesser amount than the Basic Rent, Escalation Charges, Additional Rent
and other sums due hereunder shall be deemed to be other than on account of the total amount due from Tenant to Landlord, to be applied
in such order as Landlord deems appropriate. In no event shall any endorsement or statement on any check or accompanying any check or
payment be deemed an accord and satisfaction; and Landlord may accept such check or payment without prejudice to Landlord’s right
to recover the balance of such Basic Rent, Escalation Charges, Additional Rent or other sum and to pursue any other remedy provided in
this Lease.

Security Deposit. If a security deposit is specified in Section 1.1 hereof, Tenant agrees that the same will be paid
upon execution and delivery of this Lease, and that Landlord shall hold the same throughout the Term of this Lease as security for the
performance by Tenant of all obligations on the part of Tenant hereunder. Landlord shall have the right from time to time, without prejudice
to any other remedy Landlord may have on account thereof, to apply such deposit, or any part thereof, to Landlord’s damages arising
from, or to cure, any Event of Default. If Landlord shall so apply any or all of such deposit, Tenant shall immediately upon demand deposit
with Landlord the amount so applied to be held as security hereunder. Landlord shall return the deposit, or so much thereof as shall
not have theretofore been applied in accordance with the terms of this Section, to Tenant within 90 days after the expiration or earlier
termination of the Term of this Lease and surrender of possession of the Premises by Tenant to Landlord at such time, provided that there
is then existing no Event of Default (nor any circumstance which, with the passage of time or the giving of notice, or both, would constitute
an Event of Default). While Landlord holds such deposit, Landlord shall have no obligation to pay interest on the same and shall have
the right to commingle the same with Landlord’s other funds. If Landlord conveys Landlord’s interest under this Lease, the
deposit, or any part thereof not previously applied, may be turned over by Landlord to Landlord’s grantee, and, if so turned over,
Tenant agrees to look solely to such grantee for proper application of the deposit in accordance with the terms of this Section, and
the return thereof in accordance herewith. The holder of a mortgage shall not be responsible to Tenant for the return or application
of any such deposit, whether or not it succeeds to the position of Landlord hereunder, unless such deposit shall have been received in
hand by such holder.

Landlord’s Default. Landlord shall in no event be in default under this Lease unless Landlord shall neglect or fail
to perform any of its obligations hereunder and shall fail to remedy the same within thirty (30) days after notice to Landlord specifying
such neglect or failure, or if such failure is of such a nature that Landlord cannot reasonably remedy the same within such thirty (30)
day period, Landlord shall fail to commence promptly (and in any event within such thirty (30) day period) to remedy the same and to
prosecute such remedy to completion with diligence and continuity.

Independent Covenants. Tenant hereby acknowledges and agrees that the obligations of Tenant hereunder shall be separate and
independent covenants and agreements, that the obligations of Tenant hereunder, including, without limitation the obligation to pay Basic
Rent, Escalation Charges, Additional Rent and other sums due hereunder, shall continue unaffected, unless the requirement to pay or perform
the same shall have been terminated or abated pursuant to an express provision of this Lease. To the extent of any conflicts or inconsistencies
between the terms and provisions of this Section 14.10 and the terms and provisions of the remainder of this Lease, the terms
and provisions of this Section 14.10 shall control.

ARTICLE

MISCELLANEOUS
PROVISIONS