Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 182

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 182
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 |      (482 | ) |     |                                 | 750.00 |     |                                         |   - |     |                           |          - |
| Exercised                                    |     |                  |      (800 | ) |     |                                 |  22.50 |     |                                         |   - |     |                           |          - |
| Outstanding and exercisable at June 30, 2023 |     |                  |   777,029 |   |     |                                 |  20.60 |     |                                         | 4.0 |     |                           | 18,318,954 |
| Granted                                      |     |                  | 1,755,000 |   |     |                                 |  13.14 |     |                                         | 5.0 |     |                           |          - |
| Exercised                                    |     |                  |  (600,000 | ) |     |                                 |  10.00 |     |                                         |   - |     |                           |          - |
| Outstanding and exercisable at June 30, 2024 |     |                  | 1,932,029 |   |     | $                               |  14.03 |     |                                         | 4.0 |     | $                         |          - |

Of the above warrants outstanding at June 30, 2024,
10,138 expire in the fiscal year ending June 30, 2025, 3,518 expire in the fiscal year ending June 30, 2026, 763,373 expire in the fiscal
year ending June 30, 2027 and 1,155,000 expire in the fiscal year ending June 30, 2029.

| 10. | Leases |

Office Leases

The Company pays an annual rent of $2,200 for its
headquarters at 680 W Nye Lane, Suite 201, Carson City Nevada 89703. The rental agreement was for a one-year term, commenced on October
1, 2022 and has been subsequently renewed for another year at the same rate.

The Company’s San Diego office lease at 5090
Shoreham Place Suite 212, San Diego, CA 92122 which commenced on March 1, 2022, was for a term of 38 months with a base monthly rate of
$4,300, and annual increases of three percent. In February 2024, the Company amended the lease agreement which allowed