Company: BIVIW
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001520138-25-000198
Chunk: 42

Company: BIOVIE INC.
Filing Date: 2025-07-03
Form: S-1
Chunk 42
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 of such holder’s ownership
of shares of Common Stock, the holder of a Pre-funded Warrant does not have the rights or privileges of a holder of our shares of Common
Stock, including any voting rights, until such holder exercises the Pre-funded Warrant.

Warrants

The following summary of certain terms and provisions
of Warrants that are being offered hereby is not complete and is subject to, and qualified in its entirety by, the provisions of the Warrants,
the form of which will be filed as an exhibit to the registration statement of which this prospectus form a part. Prospective investors
should carefully review the terms and provisions of the form of Warrant for a complete description of the terms and conditions of the
Warrants.

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Term

The Warrants will be immediately exercisable and will expire on the
fifth (5) anniversary of the original issuance date. The exercise price and number of shares of Common Stock issuable upon
exercise is subject to appropriate adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting
our Common Stock and the exercise price. The Warrants will be issued separately from the shares of Common Stock and Pre-funded Warrants
and may be transferred separately immediately thereafter.

Exercisability

The Warrants will be exercisable, at the option
of each holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by payment in full for the number
of shares of our Common Stock purchased upon such exercise (except in the case of a cashless exercise as discussed below). A holder (together
with its affiliates) may not exercise any portion of any Warrant to the extent that the holder would own more than 4.99% of the outstanding
Common Stock immediately after exercise, except that upon at least 61 days’ prior notice from the holder to us, the holder may increase
the amount of ownership of outstanding Common Stock after exercising the holder’s Warrants up to 9.99% of the number of shares of
our Common Stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance
with the terms of the Warrants. No fractional shares of our Common Stock will be issued in connection with the exercise of a Warrant.
In lieu of fractional shares, we will round up to the next whole share.

Cashless Exercise

If, at the time a holder exercises its Warrants,
a registration statement registering the issuance of the