SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-10.1
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/ex10-1.htm

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written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. Other than as set forth herein, no Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this Agreement, or any right arising from the purported assignor’s due performance of its obligations hereunder, without the prior written consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of no force or effect.

Severability; Limitation. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do
or fail to do any act in violation of applicable law. All obligations of the Company hereunder shall be subject to any limitations in,
and any requirements of, the DGCL as it may be in place at the applicable time. The Company’s inability, pursuant to court order
or other applicable law, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. If any provision
or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality
and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any section of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (ii) such provision
or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent
of the Parties; and (iii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion
of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed
on it hereby in order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee
is relying upon this Agreement in serving as a director or officer of the Company.

Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof
and supersedes all prior agreements and understandings, oral, written and implied, between the Parties with respect to the subject matter
hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Company’s Amended Certificate
of Incorporation and Amended and Restated Bylaws and applicable law.

Modification and Waiver. No supplement, modification or amendment to this Agreement shall be binding unless executed in writing
by the Parties. No amendment, alteration or repeal of this Agreement shall adversely affect any right of Indemnitee under this Agreement
in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal.
No waiver of any of the provisions of this Agreement shall constitute or be deemed a waiver of any other provision of this Agreement
nor shall any waiver constitute a continuing waiver.

Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered
or certified mail, postage prepaid, sent by facsimile or electronic mail or otherwise delivered by hand, messenger or courier service
addressed:

if to Indemnitee, to Indemnitee’s address, facsimile number or electronic mail address as shown in the Company’s records,
as may be updated in accordance with the provisions hereof; or if to the Company, to:

BioVentrix,
Inc.

Attention:
David Richmond

Forbes Blvd., Suite 125

Mansfield,

Email:
drichmond@bioventrix.com

Each such notice or other communication shall for all purposes of this Agreement be treated as effective or having been given (i) if
delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier service, freight
prepaid, specifying next-business-day delivery, one business day after deposit with the courier), (ii) if sent via mail, at the earlier
of its receipt or five days after the same has been deposited in a regularly-maintained receptacle for the deposit of the United States
mail, addressed and mailed as aforesaid, or (iii) if sent via facsimile, upon confirmation of facsimile transfer or, if sent via electronic
mail, upon confirmation of delivery when directed to the relevant electronic mail address, if sent during normal business hours of the
recipient, or if not sent during normal business hours of the recipient, then on the recipient’s next business day.

Applicable Law and Dispute Resolution.

All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined, and this Agreement
shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, and for all purposes shall
be construed in accordance with the laws of such state, without giving effect to the choice of law provisions of such state.

At the option of the Company or Indemnitee, and to the extent permitted by applicable law, any dispute, controversy or question arising
under, based on or relating to this Agreement, or any breach or failure to comply with the terms hereof (each a “Dispute”),
shall be finally and exclusively resolved by binding arbitration administered by AAA under its Commercial Arbitration Rules. Unless otherwise
agreed by the Parties, arbitration of any Dispute shall be conducted before a single arbitrator selected by the Parties and the place
of such arbitration, unless the parties agree to another place of arbitration, shall be Wilmington, Delaware. Each Party hereby submits
to AAA and the selected forum for the arbitration of any Dispute, waives any objection to the venue of such arbitration, and agrees that
service of process and other notices, pleadings and documents in any arbitration or proceeding hereunder may be delivered to a Party
in accordance with the provisions governing “Notices” in this Agreement.

If the Parties are unable to agree upon a neutral arbitrator within thirty (30) days after a Party notifies the other Party in
writing of its intent to submit a Dispute to arbitration, either Party may apply to AAA for the appointment of an arbitrator or, if
AAA is not then in existence or declines to act, either Party may apply to the Delaware Court of Chancery for the appointment of a
neutral arbitrator to hear the Parties and settle the Dispute and such Judge is hereby authorized to make such
appointment.

If the Parties so agree in writing, and subject to the consent of the single arbitrator, hearings and proceedings conducted in the
arbitration of any Dispute hereunder may be conducted remotely by secure video conferencing technology that is acceptable to the
Parties.

The decision or award of the arbitrator shall be in writing and shall set forth detailed reasoning for the award. Discovery shall be
conducted expeditiously, bearing in mind the objective of limiting discovery and expediting the decision or award of the arbitrator
at the most reasonable cost and expense to the Parties. The decision of the arbitrator shall be final, conclusive and binding on the
Parties and no action at law or in equity shall be instituted or, if instituted, prosecuted by either Party other than to enforce
the award of the arbitrator. Judgment upon an award rendered pursuant to such arbitration may be entered in any court having
jurisdiction or application may be made to such court for a judicial acceptance of the award and/or an order of enforcement, as the
case may be.

If any Party shall commence an action or proceeding to enforce any provisions of this Agreement, then the prevailing Party in such
action or proceeding shall be reimbursed by the other Party for its attorney’s fees and other costs and expenses incurred in
the investigation, preparation and prosecution of such action or proceeding.

Captions. The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction thereof.