Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 183

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 183
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 the Company to
vacate the then current space and move to a larger space at Suite 206. The current monthly base rate for the new office space is $9,685,
with an annual increase of four percent. The term for the new office lease is 60 months and commenced on February 12, 2024. The lease
that was in place for the 5090 Shoreham Place Suite 212 office was effectively extinguished upon the commencement of the new office space
lease on February 12, 2024, resulting in the write off of the corresponding remaining right-of-use asset and operating lease liability
of $56,909 and $62,124, respectively, and a gain to selling, general and administrative expenses of $5,215 for the year ended June 30,
2024.

Total operating lease expense for the years ended
June 30, 2024 and 2023 of approximately $78,000 and $52,000, respectively were included in the accompanying statements of operations and
comprehensive loss as a component of selling, general and administrative expenses.

The right-of-use asset, net and current and non-current
portion of the operating lease liabilities included in the accompanying balance sheets are as follows:

F-22

| 10. | Leases (continued) |

| Schedule of right-of-use asset, net and current and non-current 
 portion of the operating lease liabilities                      |     |   | June 30, 2024 |     |   | June 30, 2023 |
|:----------------------------------------------------------------|:----|:--|--------------:|:----|:--|--------------:|
| Assets                                                          |     |   |               |     |   |               |
| Operating lease, right-of-use asset, net                        |     | $ |       406,726 |     | $ |        80,789 |
| Liabilities                                                     |     |   |               |     |   |               |
| Current portion of operating lease liability                    |     | $ |        60,343 |     | $ |        44,909 |
| Operating lease liability, net of current portion               |     |   |       349,894 |     |   |        42,505 |
| Total operating lease liability                                 |     | $ |       410,237 |     | $ |        87,414 |

At June 30, 2024, the future estimated minimum lease payments under non-cancelable
operating leases are