Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 554

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 3
Chunk 554
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 or the consequences of committing a
crime. Our Second Amended and Restated Memorandum and Articles of Association provides for indemnification of our officers and directors
to the maximum extent permitted by law, including for any liability incurred in their capacities as such, except through their own actual
fraud, willful default or willful neglect. We entered into agreements with our directors and officers to provide contractual indemnification
in addition to the indemnification provided for in our Second Amended and Restated Memorandum and Articles of Association. We expect
to purchase a policy of directors’ and officers’ liability insurance that insures our officers and directors against the
cost of defense, settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers
and directors.

Our
officers and directors have agreed to waive any right, title, interest or claim of any kind in or to any monies in the trust account,
and have agreed to waive any right, title, interest or claim of any kind they may have in the future as a result of, or arising out of,
any services provided to us and will not seek recourse against the trust account for any reason whatsoever (except to the extent they
are entitled to funds from the trust account due to their ownership of Public Shares). Accordingly, any indemnification provided will
only be able to be satisfied by us if (i) we have sufficient funds outside of the trust account or (ii) we consummate an initial business
combination.

We
believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced
officers and directors.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us
pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable.

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    Item
    11.
    Executive
    Compensation

Executive
Compensation

None
of our officers or directors has received any cash compensation for services rendered to us. Other than as described above and elsewhere
in this Form 10-K, no compensation of any kind, including finder’s and consulting fees, will be paid to our founders or any of
their respective affiliates, for services rendered prior to or in connection with the completion of our initial business combination
although we may consider cash or other compensation to