Bodford Alvin M. → Guerrilla RF, Inc. GUER

The purpose of the Private Placement was to raise additional capital to fund the ongoing operations of the Issuer. As a result of the above-mentioned transactions, the Reporting Persons currently beneficially own 18.68% of the Issuer's outstanding shares of Common Stock, based on 10,915,344 shares of Common Stock outstanding plus the 114,886 shares issuable upon exercise of the Reporting Persons' Warrants. The shares of Common Stock beneficially owned by the Reporting Persons have been acquired for investment purposes. The Reporting Persons may make further acquisitions of shares of Common Stock from time to time and, subject to certain restrictions, may dispose of any or all of the shares of Common Stock held by AMB Investments at any time depending on an ongoing evaluation of the investment in such securities, prevailing market conditions, other investment opportunities, and other factors. Except as set forth in this Item 4, the Reporting Persons have no present plans or proposals which relate to or would result in any of the transactions specified in clauses (a) through (j) of Item 4 of this Schedule 13D.