Company: AEMD
Filing Date: 2025-04-08
Form Type: PRE 14A
Source: 0001683168-25-002332
Chunk: 32

Company: AETHLON MEDICAL INC
Filing Date: 2025-04-08
Form: PRE 14A
Chunk 32
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 into any agreement to issue or announce the issuance or proposed issuance of any shares of common stock or common
stock equivalents or file any registration statement or any amendment or supplement (other than the registration statement registering
the shares underlying the Inducement Warrants).

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Inducement Warrants Reset of Exercise Price

Section 3(i) of the Inducement Warrants
includes, a Reset of Exercise Price provision that required a potential reset the exercise price of the Inducement Warrants at a price
equal to 100% of the trailing five day VWAP immediately preceding March 31, 2025, , that in no event shall the Reset
Price be less than 20% of the most recent closing price at the time of execution of the warrant inducement (subject to adjustment for
reverse and forward stock splits, recapitalizations and similar transactions following the date of the warrant inducement); provided,
however, this provision in Section 3(i) shall be subject to approval at either (i) the special meeting of the stockholders to be held
at the earliest practicable date after the date hereof, or (ii) the Company’s next two (2) annual meetings of stockholders. The
five day VWAP immediately preceding March 31, 2025 was above the exercise price of $0.3736 per share and therefore noreset
of the exercise price is necessary.

We are seeking stockholder approval for
Proposal No. 2 because, pursuant to the Inducement Warrants and specifically the Reset of Exercise Price language in Section 3(i), we
agreed to pursue shareholder approval in this Special Meeting and in two subsequent Annual Meetings of Stockholders. In the event stockholder
approval for Proposal No. 2 is not obtained at the Special Meeting, we will be required to call seek approval of such provision in the
two subsequent Annual Meetings.

<div align='center'>OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE APPROVAL OF THE INDUCEMENT WARRANTS AND THE RESET OF EXERCISE PRICE AS SET FORTH IN PROPOSAL 2.</div>

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<div align='center'>PROPOSAL NO. 3 – ADJOURNMENT OF THE SPECIAL MEETING</div>

Our stockholders may be asked to consider and act
upon one or more adjournments of the Special Meeting, if necessary or appropriate, to solicit additional proxies in favor of any