On June 24, 2019, the members of the Board of Directors (the “Board”) of BioVie Inc. appointed Mr. Richard J. Berman to serve as a member of the Board, effective immediately, and he will serve on the Audit and Compensation Committees of the Board, including as Chairman of the Compensation Committee. Mr. Berman is a director of four other public healthcare companies: Catasys Inc., Advaxis Inc., Immuron Ltd. and Cryoport Inc. and Cuentas Inc. Mr. Berman was Chairman of National Investment Managers, from 2006-2011. On June 24, 2019, the Board accepted Ms. Mina Sooch resignation from her role as director and her membership and Chairmanship of the Compensation Committee and her membership on the Audit Committee of the Board. The resignation was not due to any disagreement on any matter relating to the Company’s operations, policies or practices.