Company: BIVIW
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001520138-25-000166
Chunk: 8

Company: BIOVIE INC.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 8
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”);                                      |

| 2. | To approve a proposal to grant discretionary authority for the Company to adjourn the Special Meeting, if necessary, to solicit additional 
 proxies in the event that there are not sufficient votes at the time of the Special Meeting to approve the Proposal 1 (the “Proposal       
 2”)                                                                                                                                        |

What if I return a proxy card but do not make specific choices?

If your card does not indicate your voting preferences,
the persons named in the proxy card will vote the shares represented by your proxy card as recommended by the Board of Directors. BioVie
does not expect that any matters other than Proposal 1 and Proposal 2 described herein will be brought before the Special Meeting. If
any other matter is properly presented at the Special Meeting, your proxy (one of the individuals named on your proxy card) will vote
your shares using their best judgment.

What can I do if I change my mind after I vote?

If you are a stockholder of record, you can revoke
your proxy at any time before the final vote at the Special Meeting by:

| · | giving written notice that you are revoking your proxy to the Secretary, BioVie Inc., 680 W Nye Lane, Suite 201, Carson City, NV 89703; |

| · | delivering a properly completed proxy card with a later date, or vote by telephone or on the Internet at a later date (we will vote 
 your shares as directed in the last instructions properly received from you prior to the Special Meeting); or                       |

| · | attending and voting online at the virtual Special Meeting (note, simply attending the Special Meeting will not, by itself, revoke 
 your proxy).                                                                                                                       |

<div align='center'>-5-</div>

If you are a beneficial owner of shares, you may submit
new voting instructions by contacting your broker, bank or other agent that is the holder of record and following its instructions.

Please note that to be effective, your new proxy card,
internet or telephonic voting instructions or written notice of revocation must be received by the Secretary prior to the Special Meeting
and, in the case of internet or telephonic voting instructions, must be received before 11:59 p.m. Eastern Time on June 22, 2025.

What shares are included on the proxy card?

If you are a stockholder of record, you will receive
only one proxy card for all the shares you hold of record in certificate and book-entry form. If you