Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 16

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 16
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 industry experience and investment banking. Mr. Sherman has significant experience in healthcare
finance including having worked on successful financial transactions for several pharmaceutical and healthcare focused companies.

Plurality Voting

Under Nevada law and BioVie’s Amended and Restated Bylaws, a vote
by a plurality of the shares voting is required for the election of Directors. Under plurality voting, nominees who receive the most “For”
votes are elected; there is no “Against” option and votes that are “withheld” or not cast are disregarded in the
count. If a nominee receives a plurality of votes but does not, however, receive a majority of votes, that fact will be considered by
the Compensation and Nominating Committee in any future decision on nominations.

<div align='center'>YOUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR”

THE ELECTION OF EACH OF THESE NOMINEES AS DIRECTORS.</div>

Role and Composition of the Board of Directors

The Board of Directors, which is elected by the stockholders, is the ultimate
decision-making body of the Company, except with respect to those matters reserved to the stockholders. It selects the President and Chief
Executive Officer, or person or persons performing similar functions, and other members of the senior management team, and provides an
oversight function for the President and Chief Executive Officer’s execution of overall business strategy and objectives. The Board
acts as an advisor and counselor to senior management and validates business strategy and direction. The Board’s primary function
is to monitor the performance of senior management and facilitate growth and success by providing mentoring and actionable business advice
honed by substantial substantive knowledge of the Company’s business and history tempered with significant outside business experience.

Our Amended and Restated Bylaws state that the number of directors shall
be determined from time to time by the Board of Directors. Directors shall be elected at the annual meeting of stockholders and each director
shall be elected to serve until his successor shall be elected and shall qualify. In all elections for directors, every stockholder shall
have the right to vote the number of shares owned by such stockholders for each director to be elected. A director or the entire Board,
may be removed, with or without cause, by the holders of a majority of the shares then entitled to vote at the election of directors.
Vacancies in the Board may be filled by a majority of the directors or by an election either at an annual meeting or at a special meeting
of the stock