Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 17

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 17
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holders called for that purpose. Any directors elected by the stockholders to fill the vacancy shall hold office for the balance
of the term for which he or she was elected. A director appointed by the Board to fill the vacancy shall serve until the next meeting
of stockholders at which directors are elected.

A director need not be a stockholder. Directors shall not receive any stated
salary for their services as directors or as members of committees, but by resolution of the Board of Directors a fixed fee and expenses
of attendance may be allowed for attendance at each meeting. Our Amended and Restated Bylaws shall not be construed to preclude any director
from serving the Company in any other capacity as an officer, agent or otherwise, and receiving compensation therefor.

There are no familial relationships among any of our directors or officers.
Except as described under “The Nominees” above or “Executive Officers” below, none of our other directors or officers
is or has been a director or has held any form of directorship in any other U.S. reporting companies. None of our directors or officers
has been affiliated with any Company that has filed for bankruptcy within the last five years. We are not aware of any proceedings to
which any of our officers or directors, or any associate of any such officer or director, is a party that are adverse to the Company.
We are also not aware of any material interest of any of our officers or directors that is adverse to our own interests.

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Independence of the Board of Directors

Our common stock is traded on the Nasdaq Capital Market (“Nasdaq”).
After review of all relevant transactions and relationships between each director, or any of the director’s family members, and
the Company, its senior management and its independent auditors, the Board has determined that Ms. Chappell and Messrs. Farag, Lang, Sherman
and Rogich are independent under the listing standards of Nasdaq. In making this determination, the Board of Directors considered that
there were no new transactions or relationships between its current independent directors and the Company, its senior management and its
independent auditors since last making this determination.

Committees of the Board of Directors

Our Board of Directors has three standing committees: the Audit Committee,
the Compensation Committee and the Nominating and Corporate Governance Committee. Each of the Audit Committee, the Compensation Committee
and the Nominating and Corporate Governance Committee is comprised solely of independent directors, operates under a charter approved
by our