Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 18

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 18
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 Board of Directors and has the composition and responsibilities described below. The charter of each committee is available on
our website.

Audit Committee

The members of the Audit Committee are Kameel D. Farag, James Lang and
Michael Sherman, each of whom is an independent director within the meaning of the Nasdaq rules. Mr. Lang has served as Chairman of the
Audit Committee since February 2025 and qualifies as an “audit committee financial expert” as defined by Item 401(h)(2)
of Regulation S-K.

The primary responsibilities of the Audit Committee include:

| ● | assisting board oversight of (1)                                                                                                                 
 the integrity of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent auditor’s              
 qualifications and independence, and (4) the performance of our internal audit function and independent auditors; the appointment, compensation, 
 retention, replacement, and oversight of the work of the independent auditors and any other independent registered public accounting             
 firm engaged by us;                                                                                                                              |

| ● | pre-approving all audit and non-audit                                                                                                           
 services to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval 
 policies and procedures; reviewing and discussing with the independent auditors all relationships the auditors have with us in order            
 to evaluate their continued independence;                                                                                                       |

| ● | setting clear policies for audit partner                     
 rotation in compliance with applicable laws and regulations; |

| ● | obtaining and reviewing a report,                                                                                                       
 at least annually, from the independent auditors describing (1) the independent auditor’s internal quality-control procedures and       
 (2) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry 
 or investigation by governmental or professional authorities, within the preceding five years respecting one or more independent audits 
 carried out by the firm and any steps taken to deal with such issues;                                                                   |

| ● | meeting to review and discuss our                                                                                                       
 annual audited financial statements and quarterly financial statements with management and the independent auditor, including reviewing 
 our specific disclosures under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”;                 
 reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by    
 the SEC prior to us entering into such transaction; and                                                                                 |

| ● | reviewing with management, the independent                                                                                                  
 auditors,