Company: BIVIW
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001520138-25-000149
Chunk: 44

Company: BIOVIE INC.
Filing Date: 2025-05-15
Form: DRS
Chunk 44
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 purchase any securities.
The obligations of the underwriters may be terminated upon the occurrence of certain events specified in the underwriting agreement. Furthermore,
pursuant to the underwriting agreement, the underwriters’ obligations are subject to customary conditions, representations and warranties
contained in the underwriting agreement, such as receipt by the underwriters of officers’ certificates and legal opinions.

The underwriters are offering the securities,
subject to prior sale, when, as and if issued to and accepted by them, subject to approval of legal matters by their counsel and other
conditions contained in the underwriting agreement. The underwriters reserve the right to withdraw, cancel or modify offers to the public
and to reject orders in whole or in part.

We have agreed to indemnify the underwriters against
specified liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to
make in respect of those liabilities.

Over-Allotment Option

We have granted a 45-day option to the underwriters
to purchase up to additional shares of Common Stock and/or up to additional Pre-funded Warrants and/or
up to additional Warrants, or any combination thereof, , solely to cover over-allotments, if any. The underwriters may exercise this
option one or more times in whole or in part for 45 days from the date of this prospectus. If any of these additional securities are
purchased, the underwriters will offer the additional securities on the same terms as those on which the Units and Pre-funded Units are
being offered.

The over-allotment option purchase price to be paid
per additional share of Common Stock or Pre-funded Warrant by the underwriters shall be equal to the public offering price of one Unit
or one Pre-funded Unit, respectively, less $0.01 allocated to the Warrants and less the underwriting discount, and the purchase price
to be paid per additional Warrant shall be equal to $0.01, less the underwriting discount.

Underwriting Discount, Commissions and Expenses

Pursuant to the underwriting agreement, we will
pay the underwriters, concurrently with the closing of this offering, a underwriting fee equal to 7% of the aggregate purchase price paid
by each purchaser of securities that are placed in this offering (other than certain purchasers of Securities in this offering that are
set forth on a schedule to the underwriting agreement (the “Excluded Purchasers”), which fee will be equal to 3% of the