Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 73

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 73
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 the Plan to be other than an “incentive
stock option” for purposes of Section 422 of the Code, and (y) which is a Non-qualified Stock Option, shall comply with the requirements
of Section 409A of the Code, and in no event shall any adjustment be made which would render any Non-qualified Stock Option granted under
the Plan to become subject to Section 409A of the Code.

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14.2 . If the Company recapitalizes
or otherwise changes its capital structure, thereafter upon any exercise or satisfaction, as applicable, of a previously granted Award,
the Holder shall be entitled to receive (or entitled to purchase, if applicable) under such Award, in lieu of the number of Shares then
covered by such Award, the number and class of shares and securities to which the Holder would have been entitled pursuant to the terms
of the recapitalization if, immediately prior to such recapitalization, the Holder had been the holder of record of the number of Shares
then covered by such Award.

14.3 . In the event of changes to
the outstanding Shares by reason of an extraordinary cash dividend, reorganization, merger, consolidation, combination, split-up, spin-off,
exchange or other relevant change in capitalization occurring after the date of the grant of any Award and not otherwise provided for
under this Article XIII, any outstanding Awards and any Award Agreements evidencing such Awards shall be adjusted by the Board in its
discretion in such manner as the Board shall deem equitable or appropriate taking into consideration the applicable accounting and tax
consequences, as to the number and price of Shares or other consideration subject to such Awards. In the event of any adjustment pursuant
to Sections 14.1, 14.2 or this Section 14.3, the aggregate number of Shares available under the Plan pursuant to Section 5.1 may be appropriately
adjusted by the Board, the determination of which shall be conclusive. In addition, the Committee may make provision for a cash payment
to a Holder or a person who has an outstanding Award.

14.4 . The Committee may, in
its sole discretion, at the time an Award is made or at any time prior to, coincident with or after the time of a Change of Control, cause
any Award either (i) to be canceled in consideration of a payment in cash or other consideration in amount per share equal to the excess,
if any, of the price or implied price per Share