Company: AEMD
Filing Date: 2025-08-29
Form Type: S-1/A
Source: 0001683168-25-006537
Chunk: 63

Company: AETHLON MEDICAL INC
Filing Date: 2025-08-29
Form: S-1/A
Chunk 63
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 the common stock as part of a “straddle,” hedge, integrated transaction or similar transaction;                  |
| · | U.S. holders (as defined below) whose functional currency is not the U.S. dollar;                                                |
| · | partnerships or other pass-through entities for U.S. federal income tax purposes and any beneficial owners of such entities; and |
| · | tax-exempt entities.                                                                                                             |

This discussion is based on the
Code, and administrative pronouncements, judicial decisions and final, temporary and proposed Treasury regulations as of the date hereof,
which are subject to change, possibly on a retroactive basis, and changes to any of which subsequent to the date of this prospectus may
affect the tax consequences described herein. This discussion does not address any aspect of state, local or non-U.S. taxation, or any
U.S. federal taxes other than income taxes (such as gift and estate taxes).

We have not sought, and will not
seek, a ruling from the IRS as to any U.S. federal income tax consequence described herein. The IRS may disagree with the discussion herein,
and its determination may be upheld by a court. Moreover, there can be no assurance that future legislation, regulations, administrative
rulings or court decisions will not adversely affect the accuracy of the statements in this discussion. You are urged to consult your
tax advisor with respect to the application of U.S. federal tax laws to your particular situation, as well as any tax consequences arising
under the laws of any state, local or foreign jurisdiction.

This discussion does not consider
the tax treatment of partnerships or other pass-through entities or persons who hold our common stock through such entities. If a partnership
(or other entity or arrangement classified as a partnership or other pass-through entity for United States federal income tax purposes)
is the beneficial owner of our common stock, the United States federal income tax treatment of a partner or member in the partnership
or other pass-through entity generally will depend on the status of the partner or member and the activities of the partnership or other
pass-through entity. If you are a partner or member of a partnership or other pass-through entity holding our common stock, we urge you
to consult your own tax advisor.

THIS DISCUSSION IS ONLY A SUMMARY
OF CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS ASSOCIATED WITH THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR COMMON STOCK.
EACH PROSPECTIVE INVESTOR IN OUR COMMON