Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 214

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 214
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640 |   |     |          |  1.65 |     |              | 4.8 |     |           | - |
| Exercised                                     |     |                  | (2,502,967 | ) |     |          |  1.53 |     |              |   - |     |           | - |
| Expired                                       |     |                  |    (10,138 | ) |     |          | 21.94 |     |              |   - |     |           | - |
| Outstanding and exercisable at March 31, 2025 |     |                  |  9,600,564 |   |     | $        |  3.50 |     |              | 4.3 |     | $         | - |

The table below shows the expiration of the warrants
outstanding as of March 31, 2025:

| Schedule of warrants outstanding 
 Expiring June 30, 2025           
 2026                             |     | Number of Warrants |         - 
     3,518 |
|:---------------------------------|:----|:-------------------|----------:|
| 2027                             |     |                    |    36,100 |
| 2028                             |     |                    |   727,273 |
| 2029                             |     |                    | 1,155,000 |
| 2030                             |     |                    | 7,678,673 |
| Total outstanding warrants       |     |                    | 9,600,564 |

| 9. | Leases |

Office Leases

The Company pays an annual rent of $2,200
for its headquarters at 680 W Nye Lane, Suite 201, Carson City Nevada 89703. The rental agreement was for a one-year 1 term,
commenced on October 1, 2023, and has been subsequently renewed for another year at the same rate.

The Company’s San Diego office lease at 5090
Shoreham Place Suite 212, San Diego, CA 92122 commenced in February 2024. The current monthly base rate for the office space is $9,685,
with an annual increase of four percent. The term for the office lease is 60 months.

Total operating lease expense for the three months
ended March 31, 2025 and 2024 was approximately $32,000 and $20,000, respectively, and for the nine months