Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 60

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 60
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 under the Plan is the sum of (i) 54,182 Shares, which represents the number of Shares available under the Plan immediately
prior to shareholder approval of the Plan as amended and restated, and (ii) 3,045,818 Shares, all of which may be issued as Incentive
Stock Options. Shares shall be deemed to have been issued under the Plan solely to the extent actually issued and delivered pursuant to
an Award. To the extent that an Award lapses, expires, is canceled, is terminated unexercised or ceases to be exercisable for any reason,
or the rights of its Holder terminate, any Shares subject to such Award shall again be available for the grant of a new Award. Notwithstanding
any provision in the Plan to the contrary, the maximum number of Shares that may be subject to Awards of Options under Article VII granted
to any one person during any calendar year, shall be Two Million (2,000,000) Shares (subject to adjustment in the same manner as provided
in Article XIV with respect to Shares subject to Awards then outstanding).

5.2 . The Shares to be issued
pursuant to the grant or exercise of an Award may consist of authorized but unissued Shares, Shares purchased on the open market or Shares
previously issued and outstanding and reacquired by the Company.

<div align='center'>ARTICLE VI

ELIGIBILITY AND TERMINATION OF SERVICE</div>

6.1 . Awards made under the Plan
may be granted solely to individuals or entities who, at the time of grant, are Employees, Directors or Consultants. An Award may be granted
on more than one occasion to the same Employee, Director or Consultant, and, subject to the limitations set forth in the Plan, such Award
may include, a Non-qualified Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, an Unrestricted Stock Award, a Performance
Stock Award, a Performance Unit Award, or any combination thereof, and solely for Employees, an Incentive Stock Option.

6.2 . Except to the extent
inconsistent with the terms of the applicable Award Agreement and/or the provisions of Section 6.3 or 6.4, the following terms and conditions
shall apply with respect to a Holder’s Termination of Service with the Company or an Affiliate, as applicable:

(a) The Holder’s rights, if any, to
exercise any then exercisable Options shall terminate:

(i) If such termination is for a reason