SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1/A
Document Type: EX-10.12
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/ex10-12.htm

Chunk 6 of 8
Word Count: 1440
Character Count: 9218

Document Content:

Company. The Company and the Executive acknowledge that this Section 12(k) is not intended to limit any clawback and/or disgorgement of such compensation pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. Counterparts. This Agreement and any agreement referenced herein may be executed in two or more counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] Employment Agreement – Carl Byrnes Page 11 WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the authorization from the Board, the Company has caused this Agreement to be executed in its name and on its behalf, all as of the day and year first written above. BIOVENTRIX, INC. Name: David Richmond Title: Co-CEO “EXECUTIVE” Carl Byrnes Attachments: Exhibit A – General Release Employment Agreement – Carl Byrnes Page 12 EXHIBIT GENERAL RELEASE

Release. For valuable consideration, the receipt and adequacy of which are hereby acknowledged, the undersigned does hereby release
and forever discharge the “Releasees” hereunder, consisting of BioVentrix, Inc. (the “Company”)
and the Company’s partners, subsidiaries, associates, affiliates, successors, heirs, assigns, agents, directors, officers, employees,
representatives, lawyers, insurers, and all persons acting by, through, under or in concert with them, or any of them, of and from any
and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises,
liability, claims, demands, damages, losses, costs, attorneys’ fees or expenses, of any nature whatsoever, known or unknown, fixed
or contingent (hereinafter called “Claims”), which the undersigned now has or may hereafter have against the
Releasees, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof. The Claims
released herein include, without limiting the generality of the foregoing, any Claims in any way arising out of, based upon, or related
to the employment or termination of employment of the undersigned by the Releasees, or any of them; any alleged breach of any express
or implied contract of employment; any alleged torts or other alleged legal restrictions on Releasees’ right to terminate the employment
of the undersigned; and any alleged violation of any federal, state or local statute or ordinance including, without limitation, Title
VII of the Civil Rights Act of 1964, the Age Discrimination In Employment Act (“ADEA”), the Americans With
Disabilities Act.

Claims Not Released. Notwithstanding the foregoing, this general release (the “Release”) shall not operate
to release any rights or claims of the undersigned (i) to payments or benefits under Sections 4(b) of that certain Employment Agreement,
dated as of [March [_], 2026], between the Company and the undersigned (the “Employment Agreement”), with respect
to the payments and benefits provided in exchange for this Release, (ii) to payments or benefits under any equity award agreement between
the undersigned and the Company or as a holder of any securities of the Company, (iii) with respect to Sections 2(b)(v) or 4(a) of the
Employment Agreement, (iv) to accrued or vested benefits the undersigned may have, if any, as of the date hereof under any applicable
plan, policy, practice, program, contract or agreement with the Company, (v) to any Claims, including claims for indemnification and/or
advancement of expenses arising under any indemnification agreement between the undersigned and the Company or under the bylaws, certificate
of incorporation or other similar governing document of the Company, (vi) to any Claims which cannot be waived by an employee under applicable
law or (vii) with respect to the undersigned’s right to communicate directly with, cooperate with, or provide information to, any
federal, state or local government regulator.

Exceptions. Notwithstanding anything in this Release to the contrary, nothing contained in this Release shall prohibit the undersigned
from (i) filing a charge with, reporting possible violations of federal law or regulation to, participating in any investigation by,
or cooperating with any governmental agency or entity or making other disclosures that are protected under the whistleblower provisions
of applicable law or regulation and/or (ii) communicating directly with, cooperating with, or providing information (including trade
secrets) in confidence to, any federal, state or local government regulator (including, but not limited to, the U.S. Securities and Exchange
Commission, the U.S. Commodity Futures Trading Commission, or the U.S.
Department of Justice) for the purpose of reporting or investigating a suspected violation of law, or from providing such information
to the undersigned’s attorney or in a sealed complaint or other document filed in a lawsuit or other governmental proceeding. Pursuant
to 18 USC Section 1833(b), (1) the undersigned will not be held criminally or civilly liable under any federal or state trade secret
law for the disclosure of a trade secret that is made: (x) in confidence to a federal, state, or local government official, either directly
or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or (y) in a
complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal and (2) the undersigned acknowledges
that an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade
secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document
containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.

Representations. The undersigned represents and warrants that there has been no assignment or other transfer of any interest in
any Claim which the undersigned may have against Releasees, or any of them, and the undersigned agrees to indemnify and hold Releasees,
and each of them, harmless from any liability, Claims, demands, damages, costs, expenses and attorneys’ fees incurred by Releasees,
or any of them, as the result of any such assignment or transfer or any rights or Claims under any such assignment or transfer. It is
the intention of the parties that this indemnity does not require payment as a condition precedent to recovery by the Releasees against
the undersigned under this indemnity.

Exhibit A - Employment Agreement – Carl Byrnes

No Action. The undersigned agrees that if the undersigned hereafter commences any suit arising out of, based upon, or relating
to any of the Claims released hereunder or in any manner asserts against Releasees, or any of them, any of the Claims released hereunder,
then the undersigned agrees to pay to Releasees, and each of them, in addition to any other damages caused to Releasees thereby, all
attorneys’ fees incurred by Releasees in defending or otherwise responding to said suit or Claim. Notwithstanding the foregoing,
this provision shall not apply to any suit or Claim to the extent it challenges the effectiveness of this release with respect to a claim
under the ADEA.

No Admission. The undersigned further understands and agrees that neither the payment of any sum of money nor the execution of
this Release shall constitute or be construed as an admission of any liability whatsoever by the Releasees, or any of them, who have
consistently taken the position that they have no liability whatsoever to the undersigned.

OWBPA. The undersigned agrees and acknowledges that this Release constitutes a knowing and voluntary waiver and release of all
Claims the undersigned has or may have against the Company and/or any of the Releasees as set forth herein, including, but not limited
to, all Claims arising under the Older Worker’s Benefit Protection Act and the ADEA. In accordance with the Older Worker’s
Benefit Protection Act, the undersigned is hereby advised as follows:

a.	the undersigned has read
the terms of this Release, and understands its terms and effects, including the fact that the undersigned agreed to release and forever
discharge the Company and each of the Releasees, from any Claims released in this Release;

b.	the undersigned understands
that, by entering into this Release, the undersigned does not waive any Claims that may arise after the date of the undersigned’s
execution of this Release, including without limitation any rights or claims that the undersigned may have to secure enforcement of
the terms and conditions of this Release;

c.	the undersigned has signed
this Release voluntarily and knowingly in exchange for the consideration described in this Release, which the undersigned acknowledges
is adequate and satisfactory to the undersigned and which the undersigned acknowledges is in addition to any other benefits to which
the undersigned is otherwise entitled;

d.	the Company advises the undersigned to consult with an
attorney prior to executing this Release;