Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 143

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 143
---
 of the economic consequences of ownership
of capital stock of our Company, whether any such transaction described in clause (a), (b), (c) or (d) above is to be settled by delivery
of shares of capital stock of our Company or such other securities, in cash or otherwise, subject to certain exceptions.

Moreover, pursuant to “lock-up” agreements,
our executive officers, directors and certain of our stockholders have agreed for a period of three months from the date of this prospectus,
subject to customary exceptions, without the prior written consent of the Representative, not to, directly or indirectly (a) offer, sell,
agree to offer or sell, solicit offers to purchase, grant any call option or purchase any put option with respect to, pledge, encumber,
assign, borrow or otherwise dispose of any shares of Common Stock, any warrant or option to purchase such shares or any other of our securities
or of any other entity that is convertible into, or exercisable or exchangeable for, shares of our Common Stock or any other of our equity
securities (each a “Relevant Security” and collectively, “Relevant Securities”), in each case owned beneficially
owned by them or otherwise publicly disclose the intention to do so, or (b) establish or increase any “put equivalent position”
or liquidate or decrease any “call equivalent position” with respect to any Relevant Security (in each case within the meaning
of Section 16 of the Exchange Act with respect to any Relevant Security or otherwise enter into any swap, derivative or other transaction
or arrangement that transfers to another, in whole or in part, any economic consequence of ownership of a Relevant Security, whether or
not such transaction is to be settled by the delivery of Relevant Securities, other securities, cash or other consideration, or otherwise
publicly disclose the intention to do so.

Right of First Refusal

We have granted the Representative an irrevocable
right of first refusal (the “Right of First Refusal”), for a period of 12 months after the closing of this offering, to act,
except as set forth below, as sole investment banker, sole book-runner and/or sole placement agent, at the Representative’s sole
discretion, for each and every future public and private equity offering that is not an “at-the-market” offering (an “ATM”)
(an ATM executed through a broker dealer as sales agent), and sole investment banker, sole book-runner and/or sole placement agent, at
the Representative’s sole