Company: BIVIW
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001520138-25-000205
Chunk: 124

Company: BIOVIE INC.
Filing Date: 2025-07-11
Form: S-1/A
Chunk 124
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 date anniversary; and the stock options and stock awards in the
form RSUs granted to the CEO on June 21, 2022 and June 29, 2023 vests in three equal annual installments beginning on the first grant
date anniversary. The RSU awarded on November 23, 2022 vested 25% on the grant date with the remaining RSU vesting in three equal annual
installments beginning on the first grant date anniversary. The total RSUs outstanding awarded to the named executive officers totaled
892 with a market value totaling approximately $8,251 as of June 30, 2025.

Potential Payments Upon Termination or Change-in-Control

There are no arrangements with the named executive officers or our
equity incentive plan or individual award agreements thereunder providing for certain payments to our named executive officers at or following
or in connection with a termination of their employment or a change of control of the Company.

Director Compensation

There are no arrangements pursuant to which our directors are or will
be compensated in the future for any services provided to the Company.

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The following table provides information regarding compensation that
was earned or paid to the individuals who served as non-employee directors during the year ended June 30, 2025. Except as set forth in
the table, during the fiscal year 2025, directors did not earn nor receive cash compensation or compensation in the form of stock awards,
options awards or any other form:

| Name                      |     | Fees earned or paid in cash |        |     | Stock awards(1) |         |     | Option awards(1) |         |     | Non-equity incentive plan compensation |   |     | Change in pension value and nonqualified deferred compensation |   |     | All other compensation |   |     | Total |         |
|:--------------------------|:----|:----------------------------|-------:|:----|:----------------|--------:|:----|:-----------------|--------:|:----|:---------------------------------------|:--|:----|:---------------------------------------------------------------|:--|:----|:-----------------------|:--|:----|:------|--------:|
| Jim Lang                  |     | $                           | 13,750 |     | $               |       — |     |                  | 157,204 |     | $                                      | — |     | $                                                              | — |     | $                      | — |     | $     | 170,