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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Exhibit

BIOVENTRIX,
INC.

FORM

COMPENSATION
COMMITTEE CHARTER

Adopted:

I. Purpose

The
Compensation Committee (“Committee”) of the Board of Directors (“Board”) of BioVentrix Inc., a
Delaware corporation (“Company”), is appointed by the Board to: (a) assist the Board in discharging its responsibilities
relating to the compensation of the Company’s directors and executive officers; and (b) produce an annual report on executive officer
compensation for inclusion in the Company’s annual proxy statement, in accordance with applicable rules and regulations. The Committee
shall undertake those specific duties and responsibilities enumerated below, and such other duties as the Board may from time to time
prescribe. All powers of the Committee are subject to the restrictions designated in the Company’s bylaws and by applicable law,
each as amended and/or restated from time to time.

II. Committee Membership

Committee
members shall be appointed by the Board and shall serve until their respective successors are duly elected and qualified or until their
earlier resignation, disqualification, retirement, death or removal. Committee members may be removed at any time by the Board. Committee
members may resign from the Committee at any time without resigning from the Board.

The
Committee shall consist of no fewer than two (2) members of the Board. Each member of the Committee shall meet the independence requirements
of the Nasdaq Stock Market (“Nasdaq”), the definition of a “non-employee director” under Rule 16b-3 under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the requirements of Section 162(m) of the Internal
Revenue Code for “outside directors,” and any other applicable regulatory requirements.

III. Structure and Meetings

The
Committee shall conduct its business in accordance with this Charter, the Company’s bylaws (as amended and/or restated from time
to time) and any direction by the Board. The Board may appoint a member of the Committee to serve as the chairperson of the Committee
(“Chair”); if the Board does not appoint a Chair, the Committee members may designate a Chair by their majority vote.
The Chair will set the agenda for Committee meetings and conduct the proceedings of those meetings.

The
Committee shall meet from time to time at a time and place to be determined by the Chair, with meetings to occur, or actions to be taken
by unanimous written consent, when deemed necessary or desirable by the Committee or its Chair. Members of the Committee may participate
in a meeting of the Committee by means of conference call or similar communications equipment by means of which all persons participating
in the meeting can hear each other, and such participation shall constitute presence in person at such meeting.

The
Chair will preside at each meeting and will set the agenda of items to be addressed at each meeting. The Chair (or other member designated
by the Chair or the Committee in the Chair’s absence) shall regularly report to the full Board on the proceedings and any actions
that the Committee takes. The Committee will maintain written minutes of its meetings, which minutes will be maintained with the books
and records of the Company.

necessary or desirable, the Chair may invite any director, officer or employee of the Company, or other persons whose advice and counsel
are sought by the Committee, to be present at the meetings of the Committee, consistent with the maintenance of confidentiality of compensation
discussions. The Company’s Chief Executive Officer (or President, if the President is then serving as the principal executive officer
of the Company) (“CEO”) should not be present during voting or deliberations on the CEO’s compensation.

IV. Committee
Authority and Responsibilities

The
Committee shall:

4.1 Review
and approve the Company’s compensation programs and arrangements applicable to its executive officers, including without limitation
salary, incentive compensation, equity compensation and perquisite programs, and amounts to be awarded or paid to individual officers
under those programs and arrangements, or make recommendations to the Board regarding approval of the same. Without limiting the generality
of the foregoing, the Committee shall review and approve all other employment-related contracts, agreements or arrangements between the
Company and its officers and all other contracts, agreements or arrangements under which compensatory benefits are awarded or paid to,
or earned or received by, the Company’s officers, including, without limitation, employment, severance, change of control and similar
agreements or arrangements.

4.2 Determine
the objectives of the Company’s executive officer compensation programs, identify what the programs are designed to reward, and
modify (or recommend that the Board modify) the programs as necessary and consistent with such objectives and intended rewards.

4.3 Ensure
appropriate corporate performance measures and goals regarding executive officer compensation are set and determine the extent to which
they are achieved and any related compensation earned.

4.4 Consistent
with the foregoing, at least annually review and approve the Company’s goals and objectives relevant to CEO compensation, evaluate
the CEO’s performance in light of such goals and objectives, and determine and approve the CEO’s compensation level based
on this evaluation. In determining the long-term incentive component of the CEO’s compensation, the Committee will consider the
Company’s performance and the value of similar incentive awards received by CEOs at companies of comparable size and comparable
industries. Once the Company is no longer considered an emerging growth company, in evaluating and determining CEO compensation, the
Committee shall consider the results of the most recent stockholder advisory vote on executive compensation (“Say on Pay Vote”)
required by Section 14A of the Exchange Act.

4.5 Review
and approve any new equity compensation plan or any material change to an existing plan where stockholder approval has not been obtained.
In reviewing and making recommendations regarding equity compensation plans, including whether to adopt, amend or terminate any such
plans, the Committee shall consider the results of the most recent Say on Pay Vote.

4.6 Review
and approve any stock option award or any other type of equity-based or equity-linked award as may be required for complying with any
tax, securities, or other regulatory (including Nasdaq) requirement, or otherwise determined to be appropriate or desirable by the Committee
or Board.

required, review and discuss with the Company’s named executive officers and their employee designees (referred to herein as “management”)
the “Compensation Discussion and Analysis” required to be included in the Company’s annual proxy statement or Annual
Report on Form 10-K filed with the Securities and Exchange Commission (the “Commission”), and recommend to the Board
whether to include such “Compensation Discussion and Analysis” in such proxy statement or annual report.

4.8 Produce
a Committee report on executive officer compensation, as required to be included in the Company’s annual proxy statement or Annual
Report on Form 10-K filed with the Commission.

4.9 Review
and discuss any compensation-related disclosures that may be required in the Company’s annual proxy statement or Annual Report
on Form 10-K regarding such risks.

4.10 Oversee
the Company’s submissions to a stockholder vote on executive compensation matters, including Say on Pay Votes and the frequency
of Say on Pay Votes, incentive and other executive compensation plans, and amendments to such plans. Review the results of stockholder
votes on executive compensation matters and to the extent the Committee determines it appropriate to do so, take such results into consideration
in connection with the review and approval of executive officers’ compensation. 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