SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1/A
Document Type: EX-10.3
Date Filed: 2026-03-18
Accession Number: 0001493152-26-010642
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315226010642/ex10-3.htm

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includes the Company’s policies to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Sarbanes-Oxley Act, or other Applicable Law, as well as any implementing regulations and/or listing standards. 2.10. Closing means the closing of the Company’s IPO. 2.11. Code means the Internal Revenue Code of 1986, as amended, and any successor thereto. References in this Plan to any section of the Code shall be deemed to include any regulations or other interpretative guidance issued by any governmental authority under such section, and any amendments or successor provisions to such section, regulations or guidance. 2.12. Committee means one or more committees or subcommittees of the Board, which shall be comprised, unless otherwise determined by the Board, solely of not less than two members who shall be (i) Non-Employee Directors, and (ii) “Non-Employee Directors” within the meaning of Rule 16b-3. 2.13. Company means BioVentrix, Inc., a Delaware corporation.

2.14.	Consultant
means any person, including any adviser, engaged by the Company or a Subsidiary to
render services to such entity if the consultant or adviser: (i) renders bona fide services
to the Company or a Subsidiary, (ii) renders services not in connection with the offer or
sale of securities in a capital-raising transaction and does not directly or indirectly promote
or maintain a market for the Company’s securities, and (iii) who qualifies as a consultant
or advisor under Instruction A.1.(a)(1) of Form S-8 under the Securities Act.

2.15.	Designated
Beneficiary means, if permitted by the Company, the beneficiary or beneficiaries
the Participant designates, in a manner the Company determines, to receive amounts due or
exercise the Participant’s rights if the Participant dies. If a Participant does not
make an effective designation, then the “Designated Beneficiary” will mean the
Participant’s estate or legal heirs.

2.16.	Director
means a Board member.

2.17.	Disability
means a permanent and total disability under Code Section 22(e)(3).

2.18.	Dividend
Equivalents means a right granted to a Participant to receive the equivalent value
(in cash or Shares) of dividends paid on a specified number of Shares. Such Dividend Equivalents
shall be converted to cash or additional Shares, or a combination of cash and Shares, by
such formula and at such time and subject to such limitations as may be determined by the
Administrator.

2.19.	Effective
Date has the meaning ascribed to such term in Section 21.

2.20.	Employee
means any employee of the Company or any of its Subsidiaries.

2.21.	Exchange
Act means the United States Securities Exchange Act of 1934, as amended, and all
regulations, guidance, and other interpretive authority issued thereunder.

2.22.	Fair
Market Value means unless otherwise provided by the Administrator in accordance with
Applicable Law, on a given date, (i) if the Shares are listed on a national securities exchange,
the closing sales price on the principal exchange of the Shares on such date, as reported
in The Wall Street Journal or another source the Administrator deems reliable, or,
in the absence of reported sales on such date, the closing sales price on the immediately
preceding date on which sales were reported, or (ii) if the Shares are not listed on a national
securities exchange, the mean between the bid and offered prices as quoted by any nationally
recognized interdealer quotation system for such date, as reported in The Wall Street
Journal or another source the Administrator deems reliable, provided that if the Shares
are not quoted on an interdealer quotation system or it is determined that the fair market
value is not properly reflected by such quotations, Fair Market Value will be determined
by such other method as the Administrator determines in good faith to be reasonable and in
compliance with Section 409A.

2.23.	GAAP
means United States Generally Accepted Accounting Principles.

2.24.	Greater
Than 10% Shareholder means an individual then owning (within the meaning of Code
Section 424(d)) more than 10% of the total combined voting power of all classes of stock
of the Company or any Parent or Subsidiary.

2.25.	Incentive
Stock Option means an Option that meets the requirements to qualify as an “incentive
stock option” as defined in Code Section 422.

2.26.	Incumbent
Directors means, for any period of 12 consecutive months, individuals who, at the
beginning of such period, constitute the Board together with any new Director(s) (other than
a Director designated by a person who shall have entered into an agreement with the Company
to effect a transaction described in clause 2.8.1 or 2.8.3 of the Change in Control definition)
whose election or nomination for election to the Board was approved by a vote of at least
a majority (either by a specific vote or by approval of the proxy statement of the Company
in which such person is named as a nominee for Director without objection to such nomination)
of the Directors then still in office who either were Directors at the beginning of the 12-month
period or whose election or nomination for election was previously so approved. No individual
initially elected or nominated as a director of the Company as a result of an actual or threatened
election contest with respect to Directors or as a result of any other actual or threatened
solicitation of proxies by or on behalf of any person other than the Board shall be an Incumbent
Director.

2.27.	IPO
means the first underwritten public offering of the Shares registered under the Securities
Act on Form S-1 filed with the Securities and Exchange Commission, and upon the closing of
which such Shares are listed for trading on a national securities exchange.

2.28.	Non-Employee
Director means a Director who is not an Employee.

2.29.	Nonqualified
Option means an Option that by its terms, or in operation, does not qualify or is
not intended to qualify as an Incentive Stock Option.

2.30.	Option
means an Award granted pursuant to Section 6 hereof (excepting Stock Appreciation Rights)
to purchase a specified number of Shares at a specified price per Share during a specified
time period, each as specified in an Award Agreement. An Option may be either an Incentive
Stock Option or a Nonqualified Option.

2.31.	Other
Stock or Cash Based Awards means cash awards, awards of Shares, and other awards
valued by reference to or based on, Shares or other property.

2.32.	Parent
means a “parent corporation,” whether now or hereafter existing, as defined by
Code Section 424(e).

2.33.	Participant
means a Service Provider who has been granted an Award.

2.34.	Performance
Award means an Award granted hereunder that vests or is earned based at least in
part upon the attainment of performance criteria established by the Administrator.

2.35.	Period
of Restriction means the period during which the transfer of Restricted Stock is
subject to restrictions and a substantial risk of forfeiture. Such restrictions may be based
on the passage of time, the achievement of certain performance criteria, or the occurrence
of other events as determined by the Administrator.

2.36.	Person
means as defined in Section 3(a)(9) of the Exchange Act, as modified and used in
Sections 13(d) and 14(d) thereof; however, a Person shall not include (A) the Company or
any of its Subsidiaries; (B) a trustee or other fiduciary holding securities under an employee
benefit plan of the Company or any of its Subsidiaries; (C) an underwriter temporarily holding
securities pursuant to an offering of such securities; or (D) a corporation owned, directly
or indirectly, by the shareholders of the Company in substantially the same proportion as
their ownership of stock of the Company.

2.37.	Plan
means this BioVentrix, Inc. 2026 Equity Incentive Plan.

2.38.	Restricted
Stock means Shares, subject to a Period of Restriction or certain other specified
restrictions (including, without limitation, a requirement that the Participant remain continuously
employed or provide continuous service for a specified period of time), granted under Section
7 or issued pursuant to the early exercise of an Option.

2.39.	Restricted
Stock Unit or RSU means an unfunded and unsecured promise to deliver
Shares, cash, other securities, or other property, subject to certain restrictions (including,
without limitation, a requirement that the Participant remain continuously employed or provide
continuous service for a specified period of time), granted under Section 8.

2.40.	Restrictive
Covenant means any non-competition, non-solicitation, confidentiality, non-disparagement,
non-disclosure, or similar agreement between a Participant and the Company or an Affiliate.

2.41.	Rule
16b-3 means Rule 16b-3 promulgated under the Exchange Act, as amended.

2.42.	Securities
Act means the United States Securities Act of 1933, as amended, and all regulations,
guidance, and other interpretive authority issued thereunder.

2.43.	Section
409A means Code Section 409A and the regulations and other guidance promulgated thereunder
by the United States Treasury Department, as amended.

2.44.	Service
Provider means an Employee, Consultant, or a Director.

2.45.	Share
Limit has the meaning ascribed to such term in Section 5.1.

2.46.	Shares
means shares of the Company’s common stock, par value $0.0001 per share.