Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 919

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9
Chunk 919
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 materials furnished to our shareholders in connection with a proposed business combination.
We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of
management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the
directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to
be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee
constituted solely by independent directors or by a majority of the independent directors on our board of directors.

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Following
a business combination, to the extent we deem it necessary, we may seek to recruit additional managers to supplement the incumbent management
team of the target business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers
will have the requisite skills, knowledge or experience necessary to enhance the incumbent management.

Committees
of the Board of Directors

Our
board of directors will have two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and
a limited exception, the rules of NASDAQ and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised
solely of independent directors, and the rules of NASDAQ require that the compensation committee of a listed company be comprised solely
of independent directors.

Audit
Committee

Prior
to the consummation of the IPO, we established an audit committee of the board of directors. Wei Lu, John DeVito and Guohan Li serve
as members of our audit committee, with Guohan Li serving as the Chairman of the audit committee. Under the NASDAQ listing standards
and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject
to certain phase-in provisions. Each such person meets the independent director standard under NASDAQ listing standards and under Rule
10-A-3(b)(1) of the Exchange Act.

Each
member of the audit committee is financially literate and our board of directors has determined that Guohan Li qualifies as an “audit
committee financial expert” as defined in applicable SEC rules.

We
have adopted an audit committee charter, which details the principal functions of the audit committee, including:

    ●
    the
    appointment, compensation, retention, replacement, and oversight of