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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Exhibit

CONSULTING
AGREEMENT

This
Agreement is made effective as of September 20, 2022 (the “Effective Date”)
by and between BioVentrix, Inc., a Delaware corporation, with its principal place of business at 12647 Alcosta Blvd., Suite 400, San
Ramon, CA 94583 (the “Company”), and Ori Ben-Yehuda M.D. (dba as Ori Ben-Yehuda Consulting LLC) 44 Oak Road, Katonah, NY
10536 (“Consultant”).

RECITAL

Consultant
desires to perform, and the Company desires to have Consultant perform, consulting services as an independent contractor to the Company.

NOW,
THEREFORE, the parties agree as follows:

Services.

Request. From time to time during the Period of Consultancy (as defined below), the Company may request Consultant to provide
certain services to the Company; provided, however, that the Company has no obligation to request Consultant to perform any services,
and if such a request is made by the Company, Consultant has no obligation to agree to perform such services. The Company’s request
will be made by use of the form attached hereto as Exhibit A, with subsequent requests
labeled as Exhibit B, Exhibit C, etc. (the “Project
Description”) and will specify the services to be performed and the specific results to be achieved (the “Services”),
each of which Project Descriptions when completed and signed by the Company and Consultant will become automatically incorporated herein.

Performance. Upon agreement between Consultant and the Company to the specific
Services, Compensation and Completion Date terms by preparation and execution of a Project Description relating thereto, Consultant
will perform the specific Services provided therein. Consultant agrees to use best efforts to perform the Services during the Period
of Consultancy.

Period of Consultancy. The “Period of Consultancy” will commence on
the Effective Date and will terminate upon completion of the work contemplated by the Project Description.

Payment. As ole compensation for the performance of the Services, the Company
will pay Consultant amounts detailed in the Project Description plus all reasonable out -of -pocket expenses, including travel. Any expenses
incurred by Consultant in performing the Services must be approved in advance and adhere to Company’s travel policy. Consultant
will receive no royalty or other remuneration on the production or distribution of any products developed by the Company or by Consultant
in connection with or based upon the Services (“Products”).

Relationship of Parties.

Independent Contractor. Consultant is an independent contractor and is not an agent
or employee of and has no authority to bind, the Company by contract or otherwise. Consultant will perform the Services under the general
direction of the Company but Consultant will determine, in Consultant’s sole discretion, the manner and means by which the Services
are accomplished, subject to the requirement that Consultant will at all times comply with applicable law. The Company has no right or
authority to control the manner or means by which the Services are accomplished.

Employment Taxes and Benefits. Consultant will report as self-employment income
all compensation received by Consultant pursuant to this Agreement. Consultant will indemnify the Company and hold it harmless from and
against all claims, damages, losses and expenses, including reasonable fees and expenses of attorneys and other professionals, relating
to any obligation imposed by law on the Company to pay any withholding taxes, social security, unemployment or disability insurance,
or similar items in connection with compensation received by Consultant pursuant to this Agreement. Consultant will not be entitled to
receive any vacation or illness payments, or to participate in any plans, arrangements, or distributions by the Company pertaining to
any bonus, stock option, profit sharing, insurance or similar benefits for the Company’s employees.

Property of The Company.

Definitions. For the purposes of this Agreement:

“Designs and Materials” means all designs, discoveries, inventions,
products, computer programs, procedures, improvements, developments, drawings, notes, documents, information and materials made, conceived
or developed by Consultant alone or with others which result from or relate to the Services.

“Moral Rights” means any right to claim authorship of a work, any right
to object to any distortion or other modification of a work, and any similar right, existing under the law of any country in the world,
or under any treaty.

Assignment of Ownership. Consultant hereby irrevocably transfers and assigns any
and all of Consultant’s right, title, and interest in and to Designs and Materials, including but not limited to all patent rights,
copyrights, trademarks and trade secrets, to the Company. Designs and Materials will be the sole property of the Company and the Company
will have the sole right to determine the treatment of any Designs and Materials, including the right to keep them as trade secrets,
to file and execute patent applications on them, to use and disclose them without prior patent application, to file registrations for
copyright or trademark on them in its own name, or to follow any other procedure that the Company deems appropriate. Consultant will:

disclose promptly in writing to the Company all Designs and Materials

cooperate with and assist the Company to apply for, and to execute any applications and/or assignments reasonably necessary to obtain,
any patent, copyright, trademark or other statutory protection for Designs and Materials in the Company’s name as the Company deems
appropriate, provided that the Company will reimburse Consultant any reasonable costs incurred by Consultant, and Consultant’s
normal billing rate for reasonable time incurred, in connection therewith; and

(iii)
otherwise treat all Designs and Materials as “Confidential Information,” as defined below. The obligations of Consultant
to so disclose, assist, and execute will survive until the earlier of five years following any expiration or termination of this Agreement,
or Consultant’s death or disability.

Moral Rights Waiver. Consultant hereby irrevocably transfers and assigns to the
Company any and all Moral Rights that Consultant may have in any Services, Designs and Materials or Products. Consultant also hereby
forever waives and agrees never to assert against the Company, its successors or licensees any and all Moral Rights Consultant may have
in any Services, Designs and Materials or Products, even after expiration or termination of the Period of Consultancy.

Confidential Information. Consultant acknowledges that Consultant will acquire
information and materials from the Company and knowledge about the business, products, programming techniques, experimental work, customers,
clients and suppliers of the Company and that all such knowledge, information and materials acquired, the existence, terms and conditions
of this Agreement, and the Designs and Materials, are and will be the trade secrets and confidential and proprietary information of the
Company (collectively “Confidential Information”). Confidential Information
will not include, however, any information which is or becomes part of the public domain through no fault of Consultant or that the Company
regularly gives to third parties without restriction on use or disclosure. Consultant agrees to hold all such Confidential Information
in strict confidence, not to disclose it to others or use it in any way, commercially or otherwise, except in performing the Services,
and not to allow any unauthorized person access to it, either before or after expiration or termination of this Agreement. Consultant
further agrees to take all action reasonably necessary and satisfactory to protect the confidentiality of the Confidential Information
in Consultant’s possession, including, without limitation, implementing and enforcing operating procedures to minimize the possibility
of unauthorized use or copying of the Confidential Information.

Indemnification.

By Consultant. To the extent determined by a tribunal of competent jurisdiction
(arbitral or judicial), not subject to further appeal, Consultant will indemnify the Company and hold it 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 to the extent based on any claim that any Services performed under this Agreement, or
their results, infringe a patent, copyright or other proprietary right or violate a trade secret; and

any action by a third party to the extent based on any negligent act or omission or willful conduct of Consultant which results in: (i)
any bodily 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.