Company: AEMD
Filing Date: 2025-07-25
Form Type: DRS
Source: 0001683168-25-005397
Chunk: 53

Company: AETHLON MEDICAL INC
Filing Date: 2025-07-25
Form: DRS
Chunk 53
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 to one vote per share on all matters to be voted on by the stockholders. Holders of common stock are entitled to receive
ratably such dividends as may be declared by the Board of Directors out of funds legally available therefor. If we liquidate, dissolve
or wind up, holders of common stock are entitled to share ratably in all assets remaining after payment of all debts and other liabilities.
Holders of common stock have no preemptive, conversion or subscription rights. There are no redemption or sinking fund provisions applicable
to the common stock.

Our bylaws provide that stockholders
representing a majority of the voting power of our capital stock, represented in person or by proxy (regardless of whether the proxy has
authority to vote on all matters), are necessary to constitute a quorum for the transaction of business at any meeting, but at any time
during which shares of our capital stock are listed for trading on Nasdaq, stockholders representing not less than 33 1/3% of the voting
power of our capital stock, represented in person or by proxy (regardless of whether the proxy has authority to vote on all matters),
are necessary to constitute a quorum for the transaction of business at any meeting of stockholders. Except as otherwise required or permitted
by Nevada law or our articles of incorporation or bylaws, action by the stockholders entitled to vote on a matter, other than the election
of directors, is approved by and is the act of the stockholders if the number of votes cast in favor of the action exceeds the number
of votes cast in opposition to the action. If a quorum is present, directors are elected by a plurality of the votes cast.

Anti-Takeover Effects of Certain Provisions of Nevada Law and Our Articles of Incorporation and Bylaws

Nevada’s “combinations
with interested stockholders” statutes, NRS 78.411 through 78.444, inclusive, prohibit specified types of business “combinations”
between certain Nevada corporations and any person deemed to be an “interested stockholder” for two years after such person
first becomes an “interested stockholder” unless the corporation’s board of directors approves the combination (or the
transaction by which such person becomes an “interested stockholder”) in advance, or unless the combination is approved by
the board of directors and sixty percent of the corporation’s voting power not beneficially owned by the interested stockholder,
its affiliates and associates. Further, in the absence of prior approval