Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016927
Chunk: 191

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 191
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 |     | $                | 438,757 |   |     | $              | 739,483 |   |

| F-12 |

Note 10. NOTES PAYABLE

Vehicles Notes Payable

On January 10, 2025, the Company entered
into a second Finance Agreement to purchase a 2024 Toyota Corolla for $33,517
with a maturity date of January 18, 2031. The loan bears fixed interest at a rate of 11.65%
per annum, with monthly payments of $651,
which is comprised of principal and interest. This loan is collateralized by the underlying vehicle. The balance of this loan as of March
31, 2025, was $32,882.
The current portion of the balance of this loan as of March 31, 2025 was $4,247.

On March 18, 2024, the Company entered
into a Finance Agreement to purchase a 2024 Toyota Corolla for $33,620
with a maturity date of February 18, 2030. The loan bears fixed interest at a rate of 5.99%
per annum, with monthly payments of $467,
which is comprised of principal and interest. This loan is collateralized by the underlying vehicle. The balance of this loan as of March
31, 2025, and December 31, 2024, was $23,815
and $24,849,
respectively. The current portion of the balance of this loan as of March 31, 2025, and December 31, 2024, was $4,294
and $5,603,
respectively.

Directors and Officers Insurance Policy – 2024

In September 2024, the Company obtained
short-term financing of approximately $260,000
with 11 monthly payments of approximately $24,000
and interest at a 6.7%
fixed annual rate for director and officer insurance policies The current portion of the balance of this loan as of March 31, 2025, and
December 31, 2024, was $96,225
and $167,000,
respectively.

Note 11. COMMITMENTS AND CONTINGENCIES

Legal Matters

From time to time, the Company is
involved in various disputes and litigation matters that arise in the ordinary course of business. To date, the Company has no material
pending legal proceedings.

Note 12. COMMON STOCK

Common