SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-99.2
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/ex99-2.htm

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Discuss with management the appropriate engagement with stockholders and proxy advisory firms in response to such votes. 4.11 Perform such other functions and have such other powers consistent with this Charter, the Company’s bylaws and applicable law as the Committee or the Board may deem appropriate. Performance Evaluation The Committee shall annually review and assess the adequacy of this Charter and recommend any proposed changes to the Board for approval. The Committee shall also perform an annual evaluation of its own performance, which shall compare the performance of the Committee with the requirements of this Charter. The performance evaluation by the Committee shall be conducted in such manner as the Committee deems appropriate. The report to the Board may take the form of an oral report by the Chair or any other member of the Committee designated by the Committee to make this report. VI. Committee Resources; Assessing Advisor Independence

The
Committee shall have the resources and authority appropriate to discharge its duties and responsibilities, including the authority to
select, retain and terminate independent legal counsel and other experts or consultants, as it deems appropriate, without seeking approval
of the Board or management, including the authority to approve the fees payable to such counsel, experts or consultants and any other
term of retention. The Committee also shall have the sole authority to retain and and/or replace, as needed, compensation consultants
to provide independent advice to the Committee, and the sole authority to approve such consultants’ fees and other terms and conditions
of retention. The Company shall provide for appropriate funding for the payment of administrative expenses of the Committee that are
necessary or appropriate in carrying out its duties. The Committee may select a compensation consultant, legal counsel or other adviser
to the Committee only after taking into consideration all factors relevant to that person’s independence from management, including
the following:

6.1 The
provision of other services to the Company by the person that employs the compensation consultant, legal counsel or other adviser;

6.2 The
amount of fees received from the Company by the person that employs the compensation consultant, legal counsel or other adviser, as a
percentage of the total revenue of the person that employs the compensation consultant, legal counsel or other adviser;

6.3 The
policies and procedures of the person that employs the compensation consultant, legal counsel or other adviser that are designed to prevent
conflicts of interest;

6.4 Any
business or personal relationship of the compensation consultant, legal counsel or other adviser with a member of the Committee;

6.5 Any
securities of the Company owned by the compensation consultant, legal counsel or other adviser; and

6.6 Any
business or personal relationship of the compensation consultant, legal counsel, other adviser or the person employing the adviser with
an executive officer of the Company.

The
Committee shall conduct the independence assessment with respect to any compensation consultant, legal counsel or other adviser that
provides advice to the Committee, other than: (i) in-house legal counsel; and (ii) any compensation consultant, legal counsel or other
adviser whose role is limited to the following activities for which no disclosure would be required under Item 407(e)(3)(iii) of Regulation
S-K promulgated by the Commission: consulting on any broad-based plan that does not discriminate in scope, terms, or operation, in favor
of executive officers or directors of the Company, and that is available generally to all salaried employees; or providing information
that either is not customized for the Company or that is customized based on parameters that are not developed by the compensation adviser,
and about which the compensation advisor does not provide advice.

Nothing
herein requires a compensation consultant, legal counsel or other compensation adviser to be independent, only that the Committee consider
the enumerated independence factors before selecting or receiving advice from a compensation consultant, legal counsel or other compensation
adviser. The Committee may select or receive advice from any compensation consultant, legal counsel or other compensation adviser it
prefers, including ones that are not independent, after considering the six independence factors outlined above.

Nothing
herein shall be construed: (1) to require the Committee to implement or act consistently with the advice or recommendations of the compensation
consultant, legal counsel or other adviser to the Committee; or (2) to affect the ability or obligation of the Committee to exercise
its own judgment in fulfillment of its duties.

VII. Impact
of Charter

This
Charter does not change or augment the obligations of the Company, the Board, the Committee or its directors or management under the
federal or state securities laws or create new standards for determining whether the Board, the Committee or the Company’s directors
or management have fulfilled their duties, including fiduciary duties, under applicable law.

VIII. Clawback Requirements

the extent that the Company continues to be listed on an exchange on which securities are traded and subject to Rule 10D-1 of the Exchange
Act, the Committee shall be responsible for the implementation and enforcement of the Company’s executive compensation clawback
policy and related laws, rules and regulations, including determining what constitutes “incentive-based compensation” and,
if a clawback is triggered due to a financial statement restatement, the amount of any clawback, or other financial statement change.

Disclosure of Charter

This
Charter and any amendments or restatements to this Charter will be made available on the Company’s website.