Company: AEMD
Filing Date: 2025-08-29
Form Type: S-1/A
Source: 0001683168-25-006537
Chunk: 62

Company: AETHLON MEDICAL INC
Filing Date: 2025-08-29
Form: S-1/A
Chunk 62
---
 us or a successor entity to redeem the warrant
for cash in the amount of the Black-Scholes value of the unexercised portion of the warrant on the date of the consummation of the fundamental
transaction. In the event of a fundamental transaction which is not within our control or approved by our Board of Directors, the holders
of the warrants shall only be entitled to receive from us or any successor entity, as of the date of consummation of such fundamental
transaction, the same type or form of consideration (and in the same proportion) as if the holder exercised the warrant upon such fundamental
transaction.

Rights as a Stockholder. Except
as otherwise provided in the warrants or by virtue of such holder’s ownership of shares of our common stock, the holder of a warrant
does not have the rights or privileges of a holder of our common stock, including any voting rights, until the holder exercises the warrant.

| 36 |

<div align='center'>CERTAIN MATERIAL U.S. FEDERAL TAX CONSEQUENCES</div>

The following is a discussion
of certain material U.S. federal income tax consequences of the acquisition, ownership and disposition of our shares of common stock.
This discussion applies only to shares of common stock that are held as capital assets for U.S. federal income tax purposes and is applicable
only to holders who are receiving our shares of common stock being offered in this prospectus.

This discussion is a summary only
and does not describe all of the tax consequences that may be relevant to you in light of your particular circumstances, including but
not limited to the alternative minimum tax, the Medicare tax on certain investment income and the different consequences (such as the
effects of Section 451 of the Code) that may apply if you are subject to special rules that apply to certain types of investors, including
but not limited to:

| · | financial institutions or financial services entities;                                                                           |
| · | broker-dealers;                                                                                                                  |
| · | governments or agencies or instrumentalities thereof;                                                                            |
| · | regulated investment companies;                                                                                                  |
| · | real estate investment trusts;                                                                                                   |
| · | expatriates or former long-term residents of the U.S.;                                                                           |
| · | persons that actually or constructively own five percent or more of our voting shares;                                           |
| · | insurance companies;                                                                                                             |
| · | dealers or traders subject to a mark-to-market method of accounting with respect to the common stock;                            |
| · | persons holding