Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 120

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 120
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 of the audit firm, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years respecting 
 one or more independent audits carried out by the firm and any steps taken to deal with such issues;                                          |

| · | meeting to review and discuss our annual audited financial statements and quarterly financial statements with management and the independent 
 auditor, including reviewing our specific disclosures under “Management’s Discussion and Analysis of Financial Condition and                 
 Results of Operations”; reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation    
 S-K promulgated by the SEC prior to us entering into such transaction; and                                                                   |

| · | reviewing with management, the independent auditors, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, 
 including any correspondence with regulators or government agencies and any employee complaints or published reports that raise material  
 issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated 
 by the Financial Accounting Standards Board, the SEC or other regulatory authorities.                                                     |

Compensation Committee

We have established a compensation committee of the Board of Directors.
The members of our Compensation Committee are Sigmund Rogich and Michael Sherman. Mr. Sherman has served as chairman of the compensation
committee since October 2020.

We have adopted a compensation committee charter, which details the
principal functions of the compensation committee, including:

| · | reviewing and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation,     
 evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining and approving the remuneration 
 (if any) of our Chief Executive Officer based on such evaluation;                                                                         |

| · | reviewing and making recommendations to our Board of Directors with respect to the compensation, and any incentive-compensation and 
 equity-based plans that are subject to board approval of all of our other officers;                                                 |

| · | reviewing our executive compensation policies and plans; |

| · | implementing and administering our incentive compensation equity-based remuneration plans; assisting management in complying with 
 our proxy statement and annual report disclosure requirements;                                                                    |

| · | approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers 
 and employees; and                                                                                                                |

| · | producing a report on executive compensation to be included in our annual proxy statement; and reviewing, evaluating and recommending 
 changes, if appropriate, to the remuneration for directors.                                                                           |

The charter