Company: BIAF
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001641172-25-006707
Chunk: 19

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 19
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2024 Director Compensation Program

Our 2024 director compensation program included the following components:

| ● | an                                                                                  
 annual cash retainer of $25,000 (payable in four quarterly installments of $6,250); |

| ● | an                                                                                                                           
 additional annual cash retainer of $10,000 for the Chairman of the Board (payable in four quarterly installments of $2,500); |

| ● | an                                                                                                                          
 additional annual cash retainer of $5,000 for the Audit Committee Chair (payable in four quarterly installments of $1,250); |

| 13 |

| ● | an                                                                                                                               
 additional annual cash retainer of $2,500 for the Compensation Committee Chair (payable in four quarterly installments of $625); |

| ● | an                                                                                                                                  
 additional annual cash retainer of $2,500 for the Nominating and Governance Committee Chair (payable in four quarterly installments 
 of $625); and                                                                                                                       |

| ● | an                                                                                                                                  
 annual equity grant of restricted stock with a grant date value of approximately $75,000 that vests pro rata on a monthly basis for 
 12 months.                                                                                                                          |

The table below summarizes the compensation paid to the Company’s non-NEO directors who served on the Board during the fiscal year ended December 31, 2024.

| Name            |     | Fees Earned or Paid in Cash ($) |        |     | Stock Awards ($)(1) |         |     | Other Compensation ($) |         |     | Total ($) |         |
| Robert Anderson |     |                                 | 25,000 |     |                     | 112,498 |     |                        |       — |     |           | 137,498 |
| Stuart Diamond  |     |                                 | 30,000 |     |                     | 112,498 |     |                        |       — |     |           | 142,498 |
| Peter Knight    |     |                                 | 27,500 |     |                     | 112,498 |     |                        |       — |     |           | 139,998 |
| Gary Rubin      |     |                                 | 27,500 |     |                     | 112,498 |     |                        |       — |     |           | 139,998 |
| Roby Joyce      |     |                                 | 25,000 |     |                     | 112,498 |     |                        | 474,407 |     |