Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 77

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 77
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 not such action would have an adverse effect on the Plan
or any Award made under the Plan. No Employee, Director, Consultant, beneficiary or other person shall have any claim against the Company
or any Affiliate as a result of any such action.

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16.5 . No Award under
the Plan or any Award Agreement and no rights or interests herein or therein, shall or may be assigned, transferred, sold, exchanged,
encumbered, pledged or otherwise hypothecated or disposed of by a Holder except (i) by will or by the laws of descent and distribution,
or (ii) where permitted under applicable tax rules, by gift to any Family Member of the Holder, subject to compliance with applicable
laws. An Award may be exercisable during the lifetime of the Holder only by such Holder or by the Holder’s guardian or legal representative
unless it has been transferred by gift to a Family Member of the Holder, in which case it shall be exercisable solely by such transferee.
Notwithstanding any such transfer, the Holder shall continue to be subject to the withholding requirements provided for under Section
15.3 hereof.

16.6 . Each Holder may,
from time to time, name a beneficiary or beneficiaries (who may be contingent or successive beneficiaries) for purposes of receiving any
amount which is payable in connection with an Award under the Plan upon or subsequent to the Holder’s death. Each such beneficiary
designation shall serve to revoke all prior beneficiary designations, be in a form prescribed by the Company and be effective solely when
filed by the Holder in writing with the Company during the Holder’s lifetime. In the absence of any such written beneficiary designation,
for purposes of the Plan, a Holder’s beneficiary shall be the Holder’s estate.

16.7 . It is intended that the Plan
and any Award made to a person subject to Section 16 of the Exchange Act shall meet all of the requirements of Rule 16b-3. If any provision
of the Plan or of any such Award would disqualify the Plan or such Award under, or would otherwise not comply with the requirements of,
Rule 16b-3, such provision or Award shall be construed or deemed to have been amended as necessary to conform to the requirements of Rule
16b-3.

16.8 . Notwithstanding any contained
herein or in any incentive “performance based” Awards under the Plan shall be subject to reduction, forfeiture or repayment
by reason of a correction or restatement of the Company