Company: MBIO
Filing Date: 2025-02-27
Form Type: 424B3
Source: 0001104659-25-018303
Chunk: 5

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-27
Form: 424B3
Chunk 5
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| A. | Seller is the current tenant in the leased premises consisting of approximately 27,043 rentable square           
 feet on the first floor (the “Leased Premises”) of the building located at 377 Plantation Street, Worcester,     
 Massachusetts (the “Building”) under a Lease with WCS — 377 Plantation Street, Inc. (“Landlord”)                 
 dated as of October 27, 2017 (the “Original Mustang Lease”), as amended by that certain First Amendment to Lease 
 Agreement of even date herewith (the “Mustang Amendment”).                                                       |

| B. | Landlord and Seller shall be terminating the Original Mustang Lease, as amended by the Mustang Amendment 
 (as so amended, the “Mustang Lease”) earlier than specified under the Original Mustang Lease.            |

| D. | Seller and Buyer have agreed that Seller shall convey to Buyer good title to certain furniture, fixtures 
 and equipment located in the Leased Premises and described in Attachment “1” annexed hereto (the “FF&E”) 
 and the items pictured on Attachment “2” annexed hereto (the “Warehouse Items”) for                      
 a purchase price of One Million and 00/100 Dollars ($1,000,000.00) (the “Purchase Price”).               |

| E. | Simultaneously herewith Seller, Buyer and Bowditch & Dewey, LLP (the “Escrow Agent”)                          
 are entering into that certain Escrow Agreement (the “Escrow Agreement”) pursuant to which Escrow Agent shall 
 be disbursing the Purchase Price as further described in the Escrow Agreement and in this Agreement.          |

NOW, THEREFORE,for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows:

| 1. | Conditional Effectiveness. The effectiveness of this Bill of Sale Agreement is made expressly contingent                               
 on the full execution and delivery of the Mustang Amendment, the AbbVie Amendment, and the Escrow Agreement. The “Agreement            
 Date” shall be the latest of: (i) the date this Bill of Sale Agreement is executed and delivered by Buyer, (ii) the date               
 this Bill of Sale Agreement is executed and delivered by Seller, (iii) the date that the Mustang Amendment shall be fully executed and 
 delivered by the parties thereto, (iv) the date the AbbVie Amendment shall be fully executed and delivered by the parties thereto; and 
 (v) the date