Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 9

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 9
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 other nominee can register your shares as being present
at the Annual Meeting for purposes of determining the presence of a quorum but will not be able to vote on those matters for which specific
authorization is required.

If you are a beneficial owner whose shares are held of record by a bank,
broker, or other nominee your bank, broker, or other nominee has discretionary voting authority to vote your shares on Proposal No. 2
(the Auditor Ratification Proposal), even if the bank, broker, or other nominee does not receive voting instructions from you. However,
your broker does not have discretionary authority to vote on Proposal No. 1 (the Board Election Proposal) or Proposal No. 3 (the 2019
Plan Proposal). Accordingly, it is important that beneficial owners instruct their banks, brokers, and other nominees how they wish to
vote their shares.

What is the quorum requirement for the Annual Meeting?

A quorum of stockholders is necessary to hold the Annual Meeting. The presence,
in person or by proxy, of stockholders holding at least 33-1/3% of shares of common stock of BioVie entitled to vote at the Annual Meeting
will constitute a quorum. On the Record Date, there were 7,535,080 shares of common stock outstanding and entitled to vote. Thus, 2,511,694
shares must be represented by proxy or by stockholders present and entitled to vote at the Annual Meeting. Abstentions and broker non-votes
are counted as present and entitled to vote for purposes of determining a quorum.

If there is no quorum, a majority of the shares so represented may adjourn
the Annual Meeting to another time or date.

How many votes are required to approve each proposal?

| Proposal                                       |     | Vote Required           |     | Broker          
 Discretionary   
 Voting Allowed? |
| Proposal No. 1 -- Board Election Proposal      |     | Plurality of votes cast |     | No              |
| Proposal No. 2 – Auditor Ratification Proposal |     | Majority of votes cast  |     | Yes             |
| Proposal No. 3 – 2019 Plan Proposal            |     | Majority of votes cast  |     | No              |

If you abstain from voting or there is a broker non-vote on any matter,
your abstention or broker non-vote will not affect the outcome of such vote, because abstentions and broker non-votes are not considered
votes cast under our Amended and