SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1/A
Document Type: EX-10.11
Date Filed: 2026-05-15
Accession Number: 0001493152-26-023752
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315226023752/ex10-11.htm

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injury, sickness, disease or death; (ii) any injury or destruction to tangible or intangible property (including computer programs and data) or any loss of use resulting therefrom; or (iii) any violation of any statute, ordinance, or regulation. By The Company. To the extent legally permitted, and not in derogation of the obligations of Consultant under Section 5(a) hereof: (i) Consultant will be considered as subject to the indemnity provisions of the Company’s Articles of Incorporation and Bylaws, and (ii) the Company will indemnify Consultant and hold Consultant harmless from and against all claims, damages, losses and expenses, including court costs and reasonable fees and expenses of attorneys, expert witnesses, and other professionals, arising out of or resulting from any action by a third party against the Company or Consultant, or both, in connection with or based upon the performance by Consultant of the Services, or their result. Termination and Expiration.

Breach. Either party may terminate this Agreement in the event of a breach by the
other party of this Agreement if such breach continues uncured for a period of ten (10) days after written notice.

At Will. Either party may terminate this Agreement in whole or in part at its convenience
upon ten (10) days written notice to the other party. Such termination shall be effective in the manner and upon the date specified in
said notice and shall be without prejudice to any claims which one party may have against the other. Upon termination, Company will pay
Consultant those amounts due to Consultant for Services actually completed. Company will also reimburse those expenses of Consultant
which were authorized pursuant to the terms of this Agreement and which were incurred prior to termination.

Expiration. Unless terminated earlier, this Agreement will expire at the end of
the Period of Consultancy.

No Election of Remedies. The election by either party to terminate this Agreement
in accordance with its terms will not be deemed an election of remedies, and all other remedies provided by this Agreement or available
at law or in equity will survive any termination.

Effect of Expiration or Termination. Upon the expiration or termination of this
Agreement for any reason:

Each party will be released from all obligations to the other arising after the date of expiration or termination, except that expiration
or termination of this Agreement will not relieve Consultant of Consultant’s obligations under Sections 2(b), 3, 4, 5(a), 8, 9(b)
and 10 hereof, nor the Company from its obligations under Section I hereof to pay Consultant amounts due but not then paid, and under
Section 5(b) and 10 hereof, nor will expiration or termination relieve Consultant or the Company from any liability arising from any
breach of this Agreement; and

Consultant will promptly notify the Company of all Confidential Information, including but not limited to the Designs and Materials,
in Consultant’s possession and, at the expense of Company and in accordance with the Company’s instructions, will promptly
deliver to the Company all such Confidential Information.

Limitation of Liability. IN NO EVENT WILL EITHER PARTY BE LIABLE FOR ANY SPECIAL,
INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY KIND IN CONNECTION WITH THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN INFORMED IN
ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES.

Covenants.

Pre-existing Obligations. Consultant represents and warrants that Consultant is
not under any pre-existing obligation inconsistent with the provisions of this Agreement.

Solicitation of Employment. Because of the trade secret subject matter of the Company’s
business, Consultant will not solicit the services of any of the employees, consultants, suppliers or customers of the Company for the
Period of Consultancy and for six (6) months thereafter.

Consultant’s Warranties. Consultant warrants and represents that it will
provide Services with the experience and skill required hereunder and that it shall provide Services in accordance with generally accepted
professional standards; and that it is adequately financed to meet all financial obligations it may be required to meet hereunder. The
Consultant is not aware of anyone who has exclusive rights to its services or the services of its employees. In connection with the performance
of the Services, neither the Consultant nor its employees will compromise any rights of others, or any trust relationships with any other
party, nor are they creating a conflict of interest or any possibility thereof for the Consultant, its employees or for the Company.
Consultant agrees that during the period that it is retained as a consultant to the Company, it and its employees, representatives and
agents performing work hereunder will not, without the Company’s prior written consent, engage in any employment or activity (whether
as a consultant, advisor or otherwise) in any business competitive with the Company. Furthermore, Consultant agrees that Consultant and
any individual or entity under Consultant’s direct or indirect control will not solicit or in any manner encourage employees of
the Company to leave its employ.

Inventions, Patents and Technology. The Consultant shall promptly and fully disclose
to the Company any and all inventions, improvements, discoveries, developments, original works of authorship, trade secrets or other
intellectual property conceived, developed or reduced to practice by Consultant during the term of this Agreement and in any way relating
to (a) the actual or anticipated research and development of the Company, or (b) the services performed by the Consultant under this
Agreement (the “Information”). The Consultant shall treat all of the Information as the proprietary property of the Company.
The Consultant agrees to assign, and does hereby assign, to the Company and its successors and assigns, without further consideration,
the Consultant’s entire right, title and interest in and to the Information whether or not patentable or copyrightable. The Consultant
further agrees to execute all applications for patents and/or copyrights, domestic or foreign, assignments and other papers necessary
to secure and enforce rights related to the Information. The parties acknowledge that all original works of authorship which are made
by the Consultant within the scope of its consulting services and which are protectable by copyright are “works made for hire,”
as that term is defined in the United States Copyright Act (17 USCA Section 101). The Consultant shall (x) provide the Company with a
copy of a written agreement with each of its employees prior to their working hereunder through which all rights to Information conceived,
developed or reduced to practice by Consultant’s employees within the scope of employment by Consultant in performance of this
Agreement are owned by Consultant and thereby subject to the preceding assignment or (y) require that the persons it provides to perform
the Services under this Agreement shall execute an instrument assigning such Information to the Company prior to commencing work under
this Agreement.

General.

Assignment. Consultant may not assign Consultant’s rights or delegate Consultant’s duties under this Agreement either
in whole or in part without the prior written consent of the Company. Any attempted assignment or delegation without such consent will
be void.

Equitable Remedies. Because the Services are personal and unique and because Consultant
will have access to Confidential Information of the Company, the Company will have the right to enforce this Agreement and any of its
provisions by injunction, specific performance or other equitable relief without prejudice to any other rights and remedies that the
Company may have for a breach of this Agreement.

Attorneys’ Fees. If any action is necessary to enforce the terms of this
Agreement, the substantially prevailing party will be entitled to reasonable attorneys’ fees, costs and expenses in addition to
any other relief to which such prevailing pa11y may be entitled.

Governing Law; Severability. This Agreement will be governed by and construed in
accordance with the laws of the State of California excluding that body of law pertaining to conflict of laws. If any provision of this
Agreement is for any reason found to be unenforceable, the remainder of this Agreement will continue in full force and effect. The Consultant
agrees that in carrying out its duties and responsibilities under this Agreement, it will neither undertake nor cause, nor permit to
be undertaken, any activity which either (a) is illegal under any laws, decrees, rules or regulations in effect in either of the United
States or (b) would have the affect of causing the Company to be in violation of any laws, decrees, rules or regulations in effect in
either of the United States.

Notices. Any notices under this Agreement will be sent by certified or registered
mail, return receipt requested, to the address specified below or such other address as the party specifies in writing. Such notice will
be effective upon its mailing as specified.

Complete Understanding; Modification. This Agreement, together with each version
of Exhibit A executed by the parties, constitutes the complete and exclusive understanding and agreement of the parties and supersedes
all prior understandings and agreements, whether written or oral, with respect to the subject matter hereof. Any waiver, modification
or amendment of any provision of this Agreement will be effective only if in writing and signed by the parties hereto.