Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 49

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 49
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any amount paid for the shares. Alternatively, the U.S. Participant may make an election under Section 83(b) of the Code to be taxed on
the fair market value of such shares at the time of grant. The Company generally will be entitled to a deduction at the same time and
in the same amount as the income that is required to be included by the U.S. Participant.

The Company and its subsidiaries may lose a compensation deduction, which
would otherwise be allowable, for all or a part of compensation paid in the form of awards under the 2019 Plan, if, the employee is the
Chief Executive Officer or Chief Financial Officer of the Company (or acts in such capacity) or is another “covered employee”
as defined under the Code or was such an employee beginning in any year after 2017, if the total compensation paid to such employee exceeds
$1,000,000. In addition, if a “change of control” of the Company causes awards under the 2019 Plan to accelerate vesting or
is deemed to result in the attainment of performance goals, the participants could, in some cases, be considered to have received “excess
parachute payments,” which could subject participants to a 20% excise tax on the excess parachute payments and could result in a
disallowance of the Company’s deductions under Section 280G of the Internal Revenue Code.

New Plan Benefits

The actual amount of awards to be received by or allocated to participants
or groups under the 2019 Plan is not determinable in advance because the selection of participants who receive awards under the 2019 Plan,
and the size and type of awards to such individuals and groups are generally determined by the Plan Committee in its discretion. The Grants
of Plan Based Awards Table includes information for prior year grants with respect to the persons indicated therein under the 2019 Plan.

<div align='center'>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR”

THE AMENDMENT AND RESTATEMENT OF THE 2019 OMNIBUS EQUITY INCENTIVE PLAN</div>

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<div align='center'>STOCKHOLDER PROPOSALS AND NOMINATIONS</div>

Stockholders may submit proposals on matters appropriate for stockholder
action and nominations of persons for election to the Board of Directors at the 2026 annual meeting of our stockholders (“2026
Annual Meeting of Stockholders”). To be considered for inclusion