Company: TEM
Filing Date: 2025-08-18
Form Type: DEF 14C
Source: 0001193125-25-182684
Chunk: 5

Company: Tempus AI, Inc.
Filing Date: 2025-08-18
Form: DEF 14C
Chunk 5
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 incorporation, the corporation’s total assets would be less than the sum of its total liabilities plus the amount that would be
needed at the time of a dissolution to satisfy the preferential rights of preferred stockholders. The Current Articles do not provide for flexibility for the Company on these distribution restrictions despite such flexibility being permitted under
Nevada law. The Amended Articles will provide for such flexibility by opting out of the limitation imposed by NRS 78.288(2)(b).

Nevada’s “combinations with interested stockholders” statutes (NRS 78.411 to 78.444, inclusive), impose a moratorium of up
to four years, depending on the circumstances, on certain business combinations with interested stockholders. An interested stockholder is generally defined as a beneficial owner of 10% or more of the voting power. The initial two-year moratorium can be avoided by advance approval of the combination, or the transaction by which such person first becomes an interested stockholder, by a corporation’s board of directors. Absent such
advance approval, however, during the first two years after a person becomes an interested stockholder, a combination with the interested stockholder must be approved by a corporation’s board of directors and 60% of the corporation’s
voting power not beneficially owned by the interested stockholder, its affiliates and associates, at a meeting of the stockholders. After the initial two-year period, up to four years from the date the person
first became an interested stockholder, a combination remains prohibited unless: (i) the combination or the transaction by which the person became an interested stockholder is approved by the board of directors before the person became an
interested stockholder; (ii) the combination is approved by a majority of the outstanding voting power not beneficially owned by the interested stockholder and its affiliates and associates; or (iii) the consideration to be received by the
disinterested stockholders satisfies certain requirements. The combinations statutes in Nevada apply only to “resident domestic corporations,” defined in NRS 78.427(1) as a Nevada corporation with 200 or more stockholders of record (as
defined in NRS

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78.010(1)(k)). Nevada corporations are entitled to opt out of the “combinations with interested stockholders” statutes, but the Company did not include such an opt out under the
Current Charter. However, the Company will opt out of the restrictions of these statutes in the Amended Articles before the Company has become