Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 139

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 139
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of the securities issued in this offering in compliance with FINRA Rule 5110(g)(8)(C). The piggyback registration rights provided will
not be greater than seven years from the commencement of sales of the securities issued in this offering in compliance with FINRA Rule
5110(g)(8)(D). We will bear all fees and expenses attendant to registering the securities issuable on exercise of the warrants other than
underwriting commissions incurred and payable by the holders. The exercise price and number of shares issuable upon exercise of the Representative’s
Warrants may be adjusted in certain circumstances including in the event of a stock dividend or our recapitalization, reorganization,
merger or consolidation. However, the Representative’s Warrant exercise price or underlying shares will not be adjusted for issuances
of shares of our Common Stock at a price below the warrant exercise price.

Lock-Up Agreements

We have agreed that, for a period of three months
from the closing of the offering, we will not (a) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or
indirectly, any shares of capital stock of our Company or any securities convertible into or exercisable or exchangeable for shares of
capital stock of our Company; (b) file or caused to be filed any registration statement with the SEC relating to the offering of any shares
of capital stock of our Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of our Company;
(c) complete any offering of debt securities of our Company, other than entering into a line of credit with a traditional bank or (d)
enter into any swap or other arrangement that transfers to another, in whole or in part, any 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 and directors 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