Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 147

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 147
---
 whose possession this prospectus comes are advised to inform themselves about and to observe
any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell
or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation
is unlawful.

European Economic Area

In relation to each member state of the European
Economic Area that has implemented the Prospectus Directive (each, a relevant member state), with effect from and including the date on
which the Prospectus Directive is implemented in that relevant member state (the relevant implementation date), an offer of securities
described in this prospectus may not be made to the public in that relevant member state other than:

<div align='center'>82</div>

| ● | to any legal entity which is a qualified investor as defined in the Prospectus Directive;                                                                                                                                                                                                                                                                                                       |
| ● | to fewer than 100 or, if the relevant member state has implemented the relevant provision of the 2010 PD Amending Directive, 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive, subject to obtaining the prior consent of the relevant Dealer or Dealers nominated by us for any such offer; or |
| ● | in any other circumstances falling within Article 3(2) of the Prospectus Directive, provided that no such offer of securities shall require us or any underwriter to publish a prospectus pursuant to Article 3 of the Prospectus Directive.                                                                                                                                                    |

For purposes of this provision, the expression
an “offer of securities to the public” in any relevant member state means the communication in any form and by any means of
sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or
subscribe for the securities, as the expression may be varied in that member state by any measure implementing the Prospectus Directive
in that member state, and the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including
the 2010 PD Amending Directive, to the extent implemented in the relevant member state) and includes any relevant implementing measure
in the relevant member state. The expression 2010 PD Amending Directive means Directive 2010/73/EU.

The sellers of the securities have not authorized
and do not authorize the making of any offer of securities