Company: AEMD
Filing Date: 2025-07-25
Form Type: DRS
Source: 0001683168-25-005397
Chunk: 85

Company: AETHLON MEDICAL INC
Filing Date: 2025-07-25
Form: DRS
Chunk 85
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, subject to limited
statutory exceptions and unless the articles of incorporation or an amendment thereto (in each case filed on or after October 1, 2003)
provide for greater individual liability, a director or officer is not individually liable to the corporation or its stockholders or creditors
for any damages as a result of any act or failure to act in his or her capacity as a director or officer unless the presumption established
by NRS 78.138(3) has been rebutted and it is proven that (i) his or her act or failure to act constituted a breach of his or her fiduciary
duties as a director or officer, and (ii) such breach involved intentional misconduct, fraud or a knowing violation of the law.

NRS
78.7502(2) permits a corporation to indemnify, pursuant to that statutory provision, any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment
in its favor by reason of the fact that such person acted in any of the capacities set forth above against expenses, including amounts
paid in settlement and attorneys’ fees actually and reasonably incurred by him or her in connection with the defense or settlement
of such action or suit if he acted under similar standards, except that no indemnification pursuant to NRS 78.7502 may be made in respect
of any claim, issue or matter as to which such person shall have been adjudged by a court of competent jurisdiction, after any appeals
taken therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that
the court in which such action or suit was brought or other court of competent jurisdiction determines that, in view of all the circumstances
of the case, such person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper. NRS 78.751(1) provides
that a corporation shall indemnify any person who is a director, officer, employee or agent of the corporation, against expenses actually
and reasonably incurred by the person in connection with defending an action (including, without limitation, attorney’s fees), to
the extent that the person is successful on the merits or otherwise in defense of any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative, including, without limitation, an