Company: BIVIW
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001520138-25-000166
Chunk: 22

Company: BIOVIE INC.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 22
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 NECESSARY TO SOLICIT ADDITIONAL PROXIES</div>

Although it is not expected, the Special Meeting may
need to be adjourned for the purpose of soliciting additional proxies in favor of Proposal 1. We are seeking stockholder approval of this
Proposal 2 to grant discretionary authority to adjourn the Special Meeting, if necessary, for the purpose of soliciting additional proxies
in favor of Proposal 1. The Company will have the discretion to decide whether or not to present this Proposal 2 to adjourn the Special
Meeting.

Required Vote of Stockholders

To approve the grant of discretionary authority to
adjourn the Special Meeting, if necessary, for the purpose of soliciting additional proxies in favor of Proposal 1, the affirmative vote
of the holders of a majority in voting power of the votes cast at the Special Meeting by the holders entitled to vote thereon is required.
Abstentions and broker non-votes will have no effect on this proposal.

<div align='center'>YOUR BOARD OF DIRECTORS
UNANIMOUSLY RECOMMENDS A VOTE “FOR”
PROPOSAL 2 TO GRANT DISCRETIONARY AUTHORITY TO ADJOURN THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IN FAVOR OF PROPOSAL
1.

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SECURITY OWNERSHIP
OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS</div>

Based solely upon information made available to us,
the following table sets forth information as of May 30, 2025 regarding the beneficial ownership of our Common Stock by:

| · | each person known by us to be the beneficial owner of more than 5% of our outstanding shares of Common Stock; |

| · | each of our named executive officers and directors; and |

| · | all our executive officers and directors as a group. |

The percentage ownership information shown in the table
is based upon 18,570,726 shares of Common Stock outstanding as of May 30, 2025.

Beneficial ownership is determined in accordance with
the rules of the SEC and includes voting or investment power with respect to the securities. Except as otherwise indicated, each person
or entity named in the table has sole voting and investment power with respect to all shares of our capital shown as beneficially owned,
subject to applicable community property laws.

In computing the number and percentage of shares beneficially
owned by a person as of