Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 30

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 30
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As required by Item 402(v) of Regulation S-K, we are
providing the following information regarding the relationship between executive compensation and our financial performance for each of
the last two completed calendar years. In determining the “compensation actually paid” to our NEOs, we are required to make
various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s
valuation methods for this section differ from those required in the Summary Compensation Table.

| -19- |

Pay Versus Performance Table

The table below summarizes compensation values both
previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for fiscal years 2024 and
2025. Note that for our NEOs other than our principal executive officer (the “PEO”), compensation is reported as an average.

|      | Year |   |         Summary 
    Compensation 
 Table Total for 
             PEO 
       ($)(1)(2) |     |   |     Compensation 
 Actually Paid to 
              PEO 
           ($)(1) |   |     |   |    Average Summary 
 Compensation Table 
  Total for Non-PEO 
               NEOs 
             ($)(1) |   |     |   |          Average 
     Compensation 
 Actually Paid to 
     Non-PEO NEOs 
           ($)(1) |   |     |   |   Value of Initial 
         Fixed $100 
   Investment Based 
           on Total 
 Shareholder Return 
                ($) |     |   | Net Loss       
 ($)            
 (in thousands) |   |
|:-----|:-----|:--|----------------:|:----|:--|-----------------:|:--|:----|:--|-------------------:|:--|:----|:--|-----------------:|:--|:----|:--|-------------------:|:----|:--|:---------------|:--|
| 2025 |      | $ |         860,149 |     | $ |          489,829 |   |     | $ |            469,872 |   |     | $ |          469,872 |   |     | $ |               2.15 |     | $ | (17.912        | ) |
| 2024 |      | $ |         777,082 |     | $ |       (2,434,052 | ) |     |