Company: BIVIW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001520138-25-000287
Chunk: 48

Company: BIOVIE INC.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 48
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 is generally subject
to more favorable tax treatment than ordinary income or a short-term capital gain. The deductibility of capital losses is subject to certain
limitations.

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A U.S. Participant generally does not recognize taxable income upon the
grant or, except for purposes of the U.S. alternative minimum tax (“AMT”) the exercise, of an ISO. For purposes of the AMT,
which is payable to the extent it exceeds the U.S. Participant’s regular income tax, upon the exercise of an ISO, the excess of
the fair market value of the shares subject to the ISO over the exercise price is a preference item for AMT purposes. If the U.S. Participant
disposes of the shares acquired pursuant to the exercise of an ISO more than two years after the date of grant and more than one year
after the transfer of the shares to the U.S. Participant, the U.S. Participant generally recognizes a long-term capital gain or loss,
and the Company will not be entitled to a deduction. However, if the U.S. Participant disposes of such shares prior to the end of either
of the required holding periods, the U.S. Participant will have ordinary compensation income equal to the excess (if any) of the fair
market value of such shares on the date of exercise (or, if less, the amount realized on the disposition of such shares) over the exercise
price paid for such shares, and the Company generally will be entitled to deduct such amount.

A U.S. Participant generally does not recognize income upon the grant of
a SAR. The U.S. Participant recognizes ordinary compensation income upon exercise of the SAR equal to the increase in the value of the
underlying shares, and the Company generally will be entitled to a deduction for such amount.

A U.S. Participant generally does not recognize income on the receipt of
a performance stock award, performance unit award, restricted stock unit award or unrestricted stock award until a cash payment or a distribution
of shares is received thereunder. At such time, the U.S. Participant recognizes ordinary compensation income equal to the excess, if any,
of the fair market value of the shares or the amount of cash received over any amount paid therefor, and the Company generally will be
entitled to deduct such amount at such time.

A U.S. Participant who receives a restricted stock award generally recognizes
ordinary compensation income equal to the excess, if any, of the fair market value of such shares at the time the restriction lapses