SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-99.3
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/ex99-3.htm

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Exhibit

BIOVENTRIX,
INC.

FORM OF

NOMINATING
& CORPORATE GOVERNANCE COMMITTEE CHARTER

Adopted:

This
Nominating & Corporate Governance Committee Charter was adopted by the Board of Directors (the “Board”) of BioVentrix
Inc., a Delaware corporation (the “Company”).

I. Purpose

The
purpose of the Nominating & Corporate Governance Committee (the “Committee”) of the Board is to assist the Board
in discharging the Board’s responsibilities regarding:

(a)	the
identification, evaluation and recommendation of qualified candidates to become Board members
– the Committee shall seek to develop a Board that reflects the backgrounds, experiences,
expertise, skill sets and viewpoints deemed desirable by the Committee;

(b)	the
selection of nominees for election as directors at the next annual meeting of stockholders
(or special meeting of stockholders at which directors are to be elected);

(c)	the
selection of candidates to fill any vacancies on the Board;

(d)	the
selection of members to the Committees of the Board;

(e)	the
oversight of the implementation of and monitoring compliance with the Company’s Code
of Business Conduct other than with respect to complaints regarding accounting or auditing
issues as more fully set forth in the Company’s Audit Committee Charter;

(f)	Periodically
review the Company’s policies and practices regarding corporate social responsibility/ESG,
including with respect to the environment, sustainability and social activities – such
review will include a review of the Company’s risks related to ESG;

(g)	Board,
Committee, and director evaluations; and

(h)	Periodic
review of the Company’s Corporate Governance Guidelines, this Charter and other Company
governance documents as appropriate.

addition to the powers and responsibilities expressly delegated to the Committee in this Charter, the Committee may exercise any other
powers and carry out any other responsibilities delegated to it by the Board from time to time consistent with the Company’s bylaws
(as in effect from time to time) and applicable law. The powers and responsibilities delegated by the Board to the Committee, in this
Charter or otherwise, shall be exercised and carried out by the Committee as it deems appropriate without requirement of Board approval,
and any decision made by the Committee (including any decision to exercise or refrain from exercising any of the powers delegated to
the Committee hereunder) shall be at the Committee’s sole discretion. While acting within the scope of the powers and responsibilities
delegated to it, the Committee shall have and may exercise all the powers and authority of the Board. To the fullest extent permitted
by law, the Committee shall have the power to determine which matters are within the scope of the powers delegated to it.

Membership

The
Committee shall be comprised of two or more directors, each of whom in the determination of the Board (a) satisfies the independence
requirements of NASDAQ and (b) has experience, in the business judgment of the Board, that would be helpful in addressing the matters
delegated to the Committee.

The
members of the Committee, including the Chair of the Committee, shall be appointed by the Board. Committee members may be removed from
the Committee, with or without cause, by the Board. The Board may designate one or more directors as alternate members of the Committee,
who may replace any absent or disqualified member at any meeting of the Committee. If a member of the Committee and such member’s
alternate, if alternates are designated by the Board, are absent or disqualified, the member or members of the Committee present at any
meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another
member of the Board to act at the meeting in place of any such absent or disqualified member, so long as such replacement member of the
Committee satisfies the requirements for membership provided herein.

III.
Meetings and Procedures

Meetings
of the Committee may be called by the Chair, or two or more other members of the Committee, or the Chair of the Board upon notice given
at least twenty-four hours prior to the meeting, or upon such shorter notice as shall be approved by the Committee. The Chair of the
Committee (or in his or her absence, a member designated by the Chair) shall preside at each meeting of the Committee and set the agendas
for Committee meetings. The Chairman of the Committee shall designate a secretary for each meeting who shall record minutes of all formal
actions of the Committee. A majority of the Committee members, present in person or by phone, shall constitute a quorum. A majority of
the members present shall decide any questions brought before the Committee, except to the extent otherwise required by the Company’s
certificate of incorporation or bylaws (each as in effect from time to time). The Committee shall have the authority to fix its own rules
of procedure and shall hold its meetings as provided by such rules, except as may otherwise be provided by a resolution of the Board
designating the Committee, and so long as such rules are not inconsistent with any provisions of the Company’s bylaws that are
applicable to the Committee. Meetings of the Committee may be held by conference call, including video conference. Unless otherwise restricted
by the Company’s certificate of incorporation or bylaws, any action required or permitted to be taken at any meeting of the Committee
may be taken without a meeting if all members of the Committee consent thereto in writing, and the writing or writings are filed with
the minutes of the Committee.

The
Committee shall meet as often as it determines advisable to fulfill the Committee’s duties and responsibilities, but at least quarterly
and more frequently as the Committee deems necessary or desirable.

The
Committee may retain any independent counsel, experts or advisors that the Committee believes to be desirable and appropriate. The Committee
may also use the services of the Company’s regular legal counsel or other advisors to the Company. The Company shall provide for
appropriate funding, as determined by the Committee, for payment of compensation to any such persons employed by the Committee and for
ordinary administrative expenses of the Committee that are necessary or appropriate in carrying out its duties. The Committee shall have
sole authority to retain and terminate any search firm to be used to identify director candidates, including sole authority to approve
such search firm’s fees and other retention terms.

The
Committee shall have full, unrestricted access to Company records and personnel as necessary or appropriate in carrying out its duties.

The
Committee shall keep regular minutes of any meetings (unless actions are taken and reported to the Committee’s satisfaction in
the minutes of the Board meetings). Any such minutes kept by the Committee shall be distributed to each member of the Committee. The
Secretary of the Company shall maintain the approved signed minutes for filing with the corporate records of the Company. The Chair shall
report to the Board regarding the activities of the Committee at appropriate times and as otherwise requested by the Chairman of the
Board.

Powers and Responsibilities

1. The
Committee shall identify and evaluate candidates that the Committee believes are qualified to become Board members.

At an appropriate time prior to each annual or special meeting of stockholders at which directors are to be elected or reelected,
the Committee shall recommend to the Board for nomination by the Board such candidates as the Committee, in the exercise of its judgment,
has found to be well qualified and willing and available to serve.

an appropriate time after a vacancy arises on the Board or a director advises the Board of his or her intention to resign, the Committee
shall recommend to the Board for appointment by the Board to fill such vacancy, such prospective member of the Board as the Committee,
in the exercise of its judgment, based on the needs of the Company and evaluation of the candidate for nomination has found to be well
qualified and willing and available to serve.

(c) For
purposes of (a) and (b) above, the Committee may consider the criteria for Board membership as may from time to time be approved by the
Board and as may be set forth in the Company’s Corporate Governance Guidelines among any other criteria the Committee shall deem
appropriate.

3. The
Committee shall, at least annually, review the performance of each current director and shall consider the results of such evaluation
when determining whether or not to recommend the nomination of such director for an additional term.

4. The
Committee shall consider potential director candidates recommended by stockholders in the same manner candidates are identified by the
Committee, provided that such recommendation is made in accordance with the Company’s procedures for nomination of directors by
stockholders as provided in the Company’s bylaws and proxy statement.

appropriate circumstances, the Committee, in its discretion, shall consider and may recommend the removal of a director for cause, in
accordance with the applicable law, provisions of the Company’s certificate of incorporation, bylaws and any Corporate Governance
Guidelines.