Company: BIAF
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001641172-25-013280
Chunk: 17

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 17
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’s emphasis on retention
and development. The Board also oversees the Company’s efforts to provide pay, benefits, and services that help meet the varying
needs of its employees. Compensation and benefits include market-competitive pay, retirement programs, broad-based bonuses, stock options,
health and welfare benefits, financial counseling, paid time off, and family leave.

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<div align='center'>PROPOSAL NO. 1

ELECTION OF DIRECTORS</div>

Board Composition and Election

The Company’s By-laws require
the Board to consist of at least five but not more than eight directors. Currently, the Board consists of eight directors. Stuart
Diamond has advised us that he will not stand for re-election at the Annual Meeting but will continue as a director until the
expiration of his current term at the Annual Meeting. Upon the recommendation of the Nominating and Corporate Governance Committee,
our Board has determined to reduce the size of the Board to seven directors as of the Annual Meeting. Each of the Company’s
current directors other than Stuart Diamond is being nominated for re-election to the Board. The Board, by resolution, has set at
seven the number of persons to be elected to the Board at the Annual Meeting.

Directors are elected annually and hold
office until their respective successors are duly elected and qualified. Each director nominee currently serves as a director of the
Company. Proxies solicited by the Board will, unless otherwise directed, be voted to elect the seven nominees named below to constitute
the entire Board. All nominees have consented to be named and have indicated their intent to serve if elected. In the event any of the
nominees shall be unable or unwilling to serve as a director, the persons named in the proxy intend to vote “FOR” the election
of any person as may be nominated by the Board in substitution. The Company has no reason to believe that any of the nominees named below
will be unable to serve as a director if elected.

Board Nominations

The Board has established a Nominating and Corporate
Governance Committee that operates pursuant to a charter adopted by the Board.

The Nominating and Corporate Governance Committee
Charter sets forth criteria that the Committee may consider, among other criteria deemed appropriate by the committee, in recommending
candidates for election to the Board. The Board has no formal policy regarding diversity, but diversity is considered when evaluating
nominees because the Board believes that gender and minority representation is a key component in attaining the diverse array of