Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 53

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 53
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 or misappropriation of money or property),
(F) commission of an act of fraud or intentional misappropriation or conversion of any asset or opportunity of the Company or an Affiliate,
or (G) material breach of any provision of the Plan or the Holder’s Award Agreement or any other written agreement between the Holder
and the Company or an Affiliate, in each case as determined in good faith by the Board, the determination of which shall be final, conclusive
and binding on all parties.

2.6 “” shall mean:
(i) for a Holder who is a party to an employment or consulting agreement with the Company or an Affiliate which agreement defines “Change
of Control” (or a similar term), “Change of Control” shall have the same meaning as provided for in such agreement,
or (ii) for a Holder who is not a party to such an agreement, “Change of Control” shall mean the satisfaction of any one or
more of the following conditions (and the “Change of Control” shall be deemed to have occurred as of the first day that any
one or more of the following conditions shall have been satisfied):

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(a) Any person (as such term is used in paragraphs 13(d) and
14(d)(2) of the Exchange Act, hereinafter in this definition, “Person”), other than the Company or an Affiliate or an employee
benefit plan of the Company or an Affiliate, becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s
then outstanding securities;

(b) The closing of a merger, consolidation or other business
combination (a “Business Combination”) other than a Business Combination in which holders of the Shares immediately prior
to the Business Combination have substantially the same proportionate ownership of the common stock or ordinary shares, as applicable,
of the surviving corporation immediately after the Business Combination as immediately before;

(c) The closing of an agreement for the sale or disposition of
all or substantially all of the Company’s assets to any entity that is not an Affiliate;

(d) The approval by the holders of shares of a plan of complete
liquidation of the Company, other than a merger of the Company into any subsidiary or a liquidation as a result of which persons who were
stockholders of the Company immediately prior to such liquidation have substantially the same proportionate ownership of shares of common