Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 67

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 67
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 Committee shall in its sole discretion determine. The terms and conditions of the respective Restricted
Stock Agreements need not be identical. All Shares delivered to a Holder as part of a Restricted Stock Award shall be delivered and reported
by the Company or the Affiliate, as applicable, to the Holder at the time of vesting.

8.3 . The Committee
shall determine the amount and form of any payment from a Holder for Shares received pursuant to a Restricted Stock Award, if any, provided
that in the absence of such a determination, a Holder shall not be required to make any payment for Shares received pursuant to a Restricted
Stock Award, except to the extent otherwise required by law.

<div align='center'>ARTICLE IX

UNRESTRICTED STOCK AWARDS</div>

9.1 . Shares may be awarded (or sold) to
Employees, Directors or Consultants under the Plan which are not subject to Restrictions of any kind, in consideration for past services
rendered thereby to the Company or an Affiliate or for other valid consideration.

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9.2 . At the time any Award
is made under this Article IX, the Company and the Holder shall enter into an Unrestricted Stock Agreement setting forth each of the matters
contemplated hereby and such other matters as the Committee may determine to be appropriate.

9.3 . The Committee
shall determine the amount and form of any payment from a Holder for Shares received pursuant to an Unrestricted Stock Award, if any,
provided that in the absence of such a determination, a Holder shall not be required to make any payment for Shares received pursuant
to an Unrestricted Stock Award, except to the extent otherwise required by law.

<div align='center'>ARTICLE X

RESTRICTED STOCK UNIT AWARDS</div>

10.1 . A Restricted Stock Unit Award shall
constitute a promise to grant Shares (or cash equal to the Fair Market Value of Shares) to the Holder at the end of a specified Restriction
Period. At the time a Restricted Stock Unit Award is made, the Committee shall establish the Restriction Period applicable to such Award.
Each Restricted Stock Unit Award may have a different Restriction Period, in the discretion of the Committee. A Restricted Stock Unit
shall not constitute an equity interest in the Company and shall not entitle the Holder to voting rights, dividends or any other rights
associated with ownership of Shares prior to the time the Holder shall receive a distribution of Shares pursuant to Section 10.3.

10.2 . At the