Company: BIVIW
Filing Date: 2025-08-04
Form Type: S-1/A
Source: 0001520138-25-000235
Chunk: 152

Company: BIOVIE INC.
Filing Date: 2025-08-04
Form: S-1/A
Chunk 152
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 of the SFA or to a relevant person, (b) where such transfer arises from an offer in that
corporation’s securities pursuant to Section 275(1A) of the SFA, and in accordance with the conditions, specified in Section 275
of the SFA; (c) where no consideration is or will be given for the transfer; (d) where such transfer is by operation of law; or (e) as
specified in Section 276(7) of the SFA.

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Where the securities are subscribed or purchased
under Section 275 of the SFA by a relevant person which is a trust (where the trustee is not an accredited investor (as defined in Section
4A of the SFA)) whose sole purpose is to hold investments and each beneficiary of the trust is an accredited investor, the beneficiaries’
rights and interest (howsoever described) in that trust shall not be transferable for six months after that trust has acquired the securities
under Section 275 of the SFA except: (1) to an institutional investor under Section 274 of the SFA or to a relevant person, (2) where
such transfer arises from an offer that is made on terms that such rights or interest are acquired at a consideration of not less than
S$200,000 (or its equivalent in a foreign currency) for each transaction (whether such amount is to be paid for in cash or by exchange
of securities or other assets), (3) where no consideration is or will be given for the transfer, (4) where the transfer is by operation
of law, or (5) as specified in Section 276(7) of the SFA.

Hong Kong

Our securities may not be offered or sold by means
of any document other than (i) in circumstances which do not constitute an offer to the public within the meaning of the Companies Ordinance
(Cap.32, Laws of Hong Kong), (ii) to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap.571,
Laws of Hong Kong) and any rules made thereunder or (iii) in other circumstances which do not result in the document being a “prospectus”
within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), and no advertisement, invitation or document relating to the
securities may be issued or may be in the possession of any person for the purpose of issue