Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 122

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 122
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 the best interests of our stockholders. Prior to our initial business combination,
holders of our public shares will not have the right to recommend director candidates for nomination to our Board of Directors.

<div align='center'>64

EXECUTIVE COMPENSATION</div>

Summary Compensation Table

The following table sets forth the total compensation paid during the
last two fiscal years ended June 30, 2025 and 2024 to the following executive officers of the Company, who are referred to as our “named
executive officers”:

| · | Cuong Do, our President and Chief Executive Officer |

| · | Joanne Wendy Kim, our Chief Financial Officer and Corporate Secretary |

| · | Joseph Palumbo, our Chief Medical Officer |

| Name and Principal Position                                
 Cuong Do                                                   |     | Year |     | Salary |         |     | Bonus |   |     | Stock Awards (1) |        |     | Option Awards (1) |         |     | Non-Equity Incentive Plan Compensation |   |     | Nonqualified Deferred Compensation Earnings |   |     | All Other Compensation |   |     | Total |         |
|:-----------------------------------------------------------|:----|-----:|:----|:-------|--------:|:----|:------|:--|:----|:-----------------|-------:|:----|:------------------|--------:|:----|:---------------------------------------|:--|:----|:--------------------------------------------|:--|:----|:-----------------------|:--|:----|:------|--------:|
| Chief Executive Officer and President                      |     | 2025 |     | $      | 618,000 |     | $     | — |     | $                |      — |     | $                 | 149,449 |     | $                                      | — |     | $                                           | — |     | $                      | — |     | $     | 767,449 |
|                                                            |     | 2024 |     | $      | 618,000 |     | $     | — |     | $                | 79,632 |     | $                 |  79,450 |     | $                                      | — |     | $                                           | — |     | $                      | — |     | $     | 777,082 |
| Joanne Wendy Kim                                           |     |      |     |        |         |     |       |   |     |                  |        |