Company: BIAF
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003892
Chunk: 79

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 79
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 of our securities shall be deemed to have notice of and consented to this provision. This exclusive forum provision
may limit a stockholder’s ability to bring a claim in a judicial forum of its choosing for disputes with us or our directors, officers,
or other employees, which may discourage lawsuits against us and our directors, officers, and other employees. If a court were to find
the exclusive forum provision in our Charter to be inapplicable or unenforceable in an action, we may incur additional costs associated
with resolving the dispute in other jurisdictions, which could harm our results of operations.

Certain limitation-of-liability and indemnification provisions in our Charter and A&R Bylaws may discourage stockholders from bringing a lawsuit against our directors and officers for breaches of their fiduciary duties, may reduce the likelihood of derivative litigation against our directors and officers, even though an action, if successful, might benefit the Company and other stockholders, and may adversely impact stockholders’ investments to the extent that the Company pays the costs of settlement and damage awards against directors and officers as required by these indemnification provisions.

Our Charter contains provisions that limit the liability
of our directors for monetary damages to the fullest extent permitted by the DGCL. Consequently, our directors will not be personally
liable to us or our stockholders for monetary damages for any breach of fiduciary duties as directors, except liability for:

| ● | any breach of the director’s duty of loyalty to us or our stockholders; |

| 34 |

| ● | any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;           |
| ● | unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the DGCL; or |
| ● | any transaction from which the director derived an improper personal benefit.                                          |

Our Charter and our A&R Bylaws require us to indemnify
our directors and officers and allow us to indemnify other employees and agents to the fullest extent permitted by the DGCL. Subject to
certain limitations and limited exceptions, our Charter and A&R Bylaws also require us to advance expenses incurred by our directors
and officers for the defense of any action for which indemnification is required or permitted.

While we believe that including the limitation-of-liability
and indemnification provisions in our Charter, A&R Bylaws, and indemnification agreements is necessary to attract and retain qualified
persons such as directors, officers, and key employees, those provisions may discourage