Company: BIAF
Filing Date: 2025-04-15
Form Type: PRE 14A
Source: 0001641172-25-004857
Chunk: 39

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-15
Form: PRE 14A
Chunk 39
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 or broker in stocks and securities, or currencies; |

| ● | a trader in securities that elects mark-to-market treatment; |

| ● | a holder of Common Stock that received such stock through the exercise of an employee option, pursuant 
 to a retirement plan or otherwise as compensation;                                                     |

| ● | a person who holds Common Stock as part of a straddle, appreciated financial position, synthetic security, 
 hedge, conversion transaction or other integrated investment or risk reduction transaction;                |

| ● | a corporation that accumulates earnings to avoid U.S. federal income tax; |

| ● | a person whose functional currency is not the U.S. dollar; |

| ● | a U.S. holder who holds Common Stock through non-U.S. brokers or other non-U.S. intermediaries; |

| ● | a U.S. holder owning or treated as owning 5% or more of the Company’s Common Stock; |

| ● | a person subject to Section 451(b) of the Code; or |

| ● | a former citizen or long-term resident of the United States subject to Section 877 or 877A of the Code. |

If a partnership, or any entity (or arrangement) treated
as a partnership for U.S. federal income tax purposes, holds Common Stock, the tax treatment of a partner in such partnership generally
will depend on the status of the partner and the activities of the partnership and upon certain determinations made at the partner level.
Partnerships holding Common Stock and partners in such partnerships should consult their own tax advisors about the U.S. federal income
tax consequences of the Reverse Stock Split.

| 21 |

For purposes of this discussion, a “U.S. holder”
is a beneficial owner of shares of Common Stock that is for U.S. federal income tax purposes:

| ● | an individual citizen or resident of the United States; |

| ● | a corporation (or any other entity taxable as a corporation for U.S. federal income tax purposes) created 
 or organized in or under the laws of the United States, any state thereof or the District of Columbia;    |

| ● | an estate, whose income is subject to U.S. federal income tax regardless of its source; or |

| ● | a trust (i) the administration of which is subject to the primary supervision of a U.S. court and that                                
 has one or more United States persons that have the authority to control all substantial decisions of the trust or (ii) that has made 
 a valid