Company: TEM
Filing Date: 2025-08-08
Form Type: PRE 14C
Source: 0001193125-25-176981
Chunk: 4

Company: Tempus AI, Inc.
Filing Date: 2025-08-08
Form: PRE 14C
Chunk 4
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RS, the Board unanimously approved, and the Majority Holder approved, the Amended Articles, pursuant to NRS 78.320, 78.385, 78.390 and 78.403, to among other things, waive jury trials for internal actions in conformity with such recent NRS
amendments, opt the Company out of certain statutory requirements regarding dividends and other distributions pursuant to NRS 78.288(2)(b) and opt out of the provisions of Nevada’s “combinations with interested stockholders” statutes
(NRS 78.411 to 78.444).

Reasons and Background for the Amendment

Following recent amendments to the NRS pursuant to Assembly Bill No. 239 enacted by the Nevada Legislature, which became effective
May 30, 2025, the Board has determined that it is advisable and in the best interests of the Company and its stockholders to, among other things, amend the Current Articles to provide for a waiver of the right to trial by jury for all
“internal actions” (as defined in NRS 78.046).

The Amended Articles provide that to the fullest extent not inconsistent with
any applicable U.S. federal laws, any and all “internal actions” (as defined in NRS 78.046) must be tried in a court of competent jurisdiction before the presiding judge as a trier of fact and not before a jury. As provided in the recent
NRS amendments, this provision of the Amended Articles will operate as a waiver of the right to trial by jury by each party to any such internal action.

In connection with consideration of the Amended Articles with respect to the above, the Company considered additional matters in evaluating
the need for, and the specific provisions of, the Amended Articles.

NRS 78.191 defines a “distribution” as a direct or indirect
transfer of money or other property (which would include cash dividends), other than the corporation’s own shares or the incurrence by the corporation of indebtedness, to or for the benefit of all holders of shares of any one or more classes or
series of the capital stock of the corporation, with respect to such shares. NRS 78.288 prohibits a distribution, if, after giving effect to such distribution, (a) the corporation would not be able to pay its debts as they become due in the
usual course of business, or (b) unless otherwise provided for in the corporation’s articles of incorporation, the corporation’s total assets would