Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 19

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 19
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 and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators 
 or government agencies and any employee complaints or published reports that raise material issues regarding our financial statements       
 or accounting policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards       
 Board, the SEC or other regulatory authorities.                                                                                             |

| -11- |

Compensation Committee

The members of the Compensation Committee are James Lang, Sigmund Rogich
and Michael Sherman. Mr. Sherman has served as Chairman of the Compensation Committee since October 2020.

The primary responsibilities of the Compensation Committee include:

| ● | reviewing and approving on an annual                                                                                             
 basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating our Chief Executive  
 Officer’s performance in light of such goals and objectives and determining and approving the remuneration (if any) of our Chief 
 Executive Officer based on such evaluation;                                                                                      |

| ● | reviewing and making recommendations                                                                                                  
 to our Board of Directors with respect to the compensation, and any incentive-compensation and equity-based plans that are subject to 
 board approval of all of our other officers;                                                                                          |

| ● | reviewing our executive compensation 
 policies and plans;                  |

| ● | implementing and administering our                                                                                                   
 incentive compensation equity-based remuneration plans; assisting management in complying with our proxy statement and annual report 
 disclosure requirements;                                                                                                             |

| ● | approving all special perquisites,                                                                                
 special cash payments and other special compensation and benefit arrangements for our officers and employees; and |

| ● | producing a report on executive compensation                                                                                          
 to be included in our annual proxy statement; and reviewing, evaluating and recommending changes, if appropriate, to the remuneration 
 for directors.                                                                                                                        |

The charter also provides that the Compensation Committee may, in its sole
discretion, retain or obtain the advice of a compensation consultant, independent legal counsel or other adviser and will be directly
responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice
from a compensation consultant, external legal counsel or any other adviser, the Compensation Committee will consider the independence
of each such adviser, including the factors required by Nasdaq and the SEC.

Compensation Committee Interlocks and Insider Participation

None of our officers currently serves, or in the past year has served,
as a member of the Compensation Committee of any entity that has one or more officers serving on our Board of Directors