Company: BIVIW
Filing Date: 2025-08-04
Form Type: S-1/A
Source: 0001520138-25-000235
Chunk: 128

Company: BIOVIE INC.
Filing Date: 2025-08-04
Form: S-1/A
Chunk 128
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 $ |    33.60 |     | 11/20/29               |     |                                                         |     | — |     |                                                              | — |     |                                                                                                     |     — |     |                                                                                                                    |      — |
|                 |     | 12/20/24   |     |                                                                 |   778 |     |                                                                   | — |     |                                                                                            | 1,555 |     |                       | $ |    19.00 |     | 12/20/34               |     |                                                         |     | — |     |                                                              | — |     |                                                                                                     |     — |     |                                                                                                                    |      — |

| (1) | There was a total of 17,961 stock options outstanding to directors                                                                        
 as of June 30, 2025, with an aggregate grant date fair value of approximately $4.6 million, the last of which vest in 2028. Stock Options 
 granted on November 20, 2024 vest in equal quarterly installments beginning on February 8, 2025, May 8, 2025, August 8, 2025 and November 
 8, 2025. Stock Options granted on December 20, 2024 vest 33% vest on grant date and remaining vest on 2 equal installments on the first   
 and second anniversary grant date.                                                                                                        |

Long-Term Incentive Plans and Awards

Other than the options granted as described above, we do not currently
have any long-term incentive plans that provide compensation intended to serve as incentive for performance. Since prior to such grants,
no individual grants or agreements regarding future payouts under non-stock price-based plans had been made to any executive officer or
any director or any employee or consultant since our inception, no future payouts under non-stock price-based plans or agreements had
been granted or entered into or exercised by our officer or director or employees or consultants.

<div align='center'>68</div>

2019 Omnibus Equity Incentive Plan

On April 20, 2019, our Board of Directors and our stockholders approved
and adopted the 2019 Plan. The 2019 Plan allows us, under the direction of our Board of Directors or a committee thereof, to make grants
of stock options, restricted and unrestricted stock and other stock-based awards to employees, including our executive officers, consultants
and directors. The 2019 Plan was amended on November 7, 2024 and allowed for