Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 76

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 76
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 any time, (iii)
confer upon any Director any right with respect to continuation of such Director’s membership on the Board, (iv) interfere in any
way with any right of the Company or an Affiliate to terminate a Director’s membership on the Board at any time, (v) confer upon
any Consultant any right with respect to continuation of his or her consulting engagement with the Company or any Affiliate, or (vi) interfere
in any way with any right of the Company or an Affiliate to terminate a Consultant’s consulting engagement with the Company or an
Affiliate at any time.

16.3 .
The Company shall not be obligated by virtue of any provision of the Plan to recognize the exercise of any Award or to otherwise sell
or issue Shares in violation of any laws, rules or regulations, and any postponement of the exercise or settlement of any Award under
this provision shall not extend the term of such Award. Neither the Company nor its directors or officers shall have any obligation or
liability to a Holder with respect to any Award (or Shares issuable thereunder) (i) that shall lapse because of such postponement, or
(ii) for any failure to comply with the requirements of any applicable law, rules or regulations, including but not limited to any failure
to comply with the requirements of Section 409A of this Code. No fractional Shares shall be delivered, nor shall any cash in lieu of fractional
Shares be paid. The Company shall have the right to deduct in cash (whether under this Plan or otherwise) in connection with all Awards
any taxes required by law to be withheld and to require any payments required to enable it to satisfy its withholding obligations. In
the case of any Award satisfied in the form of Shares, no Shares shall be issued unless and until arrangements satisfactory to the Company
shall have been made to satisfy any tax withholding obligations applicable with respect to such Award. Subject to such terms and conditions
as the Committee may impose, the Company shall have the right to retain, or the Committee may, subject to such terms and conditions as
it may establish from time to time, permit Holders to elect to tender, Shares (including Shares issuable in respect of an Award) to satisfy,
in whole or in part, the amount required to be withheld.

16.4 . Nothing
contained in the Plan shall be construed to prevent the Company or any Affiliate from taking any corporate action which is deemed by the
Company or such Affiliate to be appropriate or in its best interest, whether or