Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 41

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 41
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 (“NQSOs”), unrestricted stock, restricted stock, restricted stock
units, performance stock, performance units, SARs, tandem stock appreciation rights or any combination of the foregoing, to key management
employees, non-employee directors, and non-employee consultants of the Company or any of its subsidiaries (each a “participant”),
however, only Company employees are eligible for incentive stock option awards. We have reserved a total of 3,100,000 shares for issuance
as or under awards to be made under this 2025 Restatement of the 2019 Plan. To the extent that an award lapses, expires, is canceled,
is terminated unexercised or ceases to be exercisable for any reason, or the rights of its holder terminate, any shares subject to such
award shall again be available for the grant of a new award. As amended and restated, the 2019 Plan shall continue in effect, unless sooner
terminated, until the tenth (10th) anniversary of the effective date on which it is adopted by the Board of Directors (except as to awards
outstanding on that date). The Board of Directors in its discretion may terminate the 2019 Plan at any time with respect to any shares
for which awards have not theretofore been granted; provided, however, that the 2019 Plan’s termination shall not materially and
adversely impair the rights of a holder, without the consent of the holder, with respect to any award previously granted. The number of
shares for which awards which are options or SARs may be granted to a participant under the 2019 Plan during any calendar year is limited
to 2,000,000.

Future new hires, non-employee directors and additional non-employee consultants
are eligible to participate in the 2019 Plan as well. The number of awards to be granted to officers, non-employee directors, employees
and non-employee consultants cannot be determined at this time as the grant of awards is dependent upon various factors such as hiring
requirements and job performance.

Options.

The term of each stock option shall be as specified in the option agreement;
provided, however, that except for stock options which are ISOs, granted to an employee who owns or is deemed to own (by reason of the
attribution rules applicable under Code Section 424(d)) 10% or more of the total combined voting power of all classes of shares of the
Company or of any parent corporation or subsidiary corporation thereof