Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 8

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 8
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 proxy                                                                                                          
 card with a later date, or vote by telephone or on the Internet at a later date (we will vote your shares as directed in the last instructions 
 properly received from you prior to the Annual Meeting); or                                                                                    |

| ● | attending and voting online at the                                                                         
 virtual Annual Meeting (note, simply attending the Annual Meeting will not, by itself, revoke your proxy). |

If you are a beneficial owner of shares, you may submit new voting instructions
by contacting your bank, broker, or other nominee that is the holder of record and following its instructions.

Please note that to be effective, your new proxy card, internet or telephonic
voting instructions or written notice of revocation must be received by the Secretary prior to the Annual Meeting and, in the case of
internet or telephonic voting instructions, must be received before 11:59 p.m. Eastern Time on November 9, 2025.

Unless revoked, a proxy will be voted at the virtual meeting in accordance
with the stockholder’s indicated instructions. In the absence of instructions, proxies will be voted “For” each of the
director nominees and “For” each of the other proposals.

What shares are included on the proxy card?

If you are a stockholder of record, you will receive only one proxy card
for all the shares you hold of record in certificate and book-entry form. If you are a beneficial owner, you will receive voting instructions
from your bank, broker, or other nominee that is the holder of record.

Is there a list of stockholders entitled to vote at the Annual Meeting?

A complete list of stockholders of record entitled to vote at the Annual
Meeting will be available ten days prior to the Annual Meeting for any purpose relevant to the Annual Meeting.

| -4- |

How are votes counted?

Votes will be counted by the inspector of election appointed for the Annual
Meeting, who will separately count “For” and “Against” votes, and broker non-votes.

What is a broker non-vote?

If you are a beneficial owner whose shares are held of record by a bank,
broker, or other nominee, you must instruct the bank, broker, or other nominee how to vote your shares. If you do not provide voting instructions,
your shares will not be voted on any proposal on which the bank, broker, or other nominee does not have discretionary authority to vote.
This is called a “broker non-vote.” In these cases, the bank, broker, or