Company: BIVIW
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001520138-25-000149
Chunk: 36

Company: BIOVIE INC.
Filing Date: 2025-05-15
Form: DRS
Chunk 36
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 days of May 5, 2025 and 38,780 shares of Common 
 Stock are held of record by Do & Rickles Investments, LLC, a limited liability company 100% owned by Cuong Do and his wife, as such,  
 Mr. Do may be deemed to beneficially own or control.                                                                                  |

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| (5) | Includes options to purchase shares 21,210 of Common Stock, all which are exercisable within 60 days of 
 May 5, 2025.                                                                                            |

| (6) | Includes options to purchase 22,306 shares of Common Stock, all which are exercisable within 60 days 
 of May 5, 2025.                                                                                      |

| (7) | Includes warrants to purchase 727,223 shares of Common Stock, and options to purchase 6,500 shares of                                   
 Common Stock, all of which are exercisable within 60 days of May 5, 2025. All shares held of record by Acuitas Group Holdings, LLC, a   
 limited liability company 100% owned by Terren Peizer, and as which Mr. Peizer may be deemed to beneficially own or control. Mr. Peizer 
 disclaims beneficial of any such securities.                                                                                            |

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Description of
Securities</div>

The following description is a summary of some of the terms of our securities, our organizational documents and Nevada law. The descriptions in this prospectus of our securities and our organizational documents do not purport to be complete and are subject to, and qualified in their entirety by reference to, our organizational documents, copies of which have been filed as exhibits to this prospectus.

General

As of May 5, 2025, our authorized capital stock consists of 800,000,000 shares of Class A Common
Stock, par value $0.0001 per share (the “Common Stock”), of which 18,590,735 were issued and 18,562,376 shares were outstanding;
and 10,000,000 shares of preferred stock, par value $0.001 per share, none of which were issued and outstanding. The authorized and unissued
shares of Common Stock and preferred stock are available for issuance without further action by our stockholders, unless such action is
required by applicable law or the rules of any stock exchange on which our securities may be listed. Unless approval of our stockholders
is so required