Company: MBIO
Filing Date: 2025-02-27
Form Type: 424B3
Source: 0001104659-25-018303
Chunk: 7

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-27
Form: 424B3
Chunk 7
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 to the nearest whole number. For example, if at least ninety percent (90%) of the Furniture Items and eighty percent (80%) of all FF&E  
 items (including the Furniture Items) are in Acceptable Condition, the Purchase Price shall be reduced to $800,000. Within fifteen (15) 
 business days following the expiration of the Inspection Period (the “Negotiation Period”), the Purchase Price                          
 reduction calculated pursuant to this Section 2.B shall be confirmed by Buyer and Seller executing and delivering a written agreement   
 amending this Bill of Sale Agreement (an “Amended Bill of Sale Agreement”) and giving Escrow Agent a written                            
 notice signed by both parties enclosing a copy of such Amended Bill of Sale Agreement (a “Joint Settlement Notice”).                    |

| C. | If (i) Buyer gives Seller and Escrow Agent a Rejection Notice, and (ii) less than ninety percent (90%)                                
 of the Furniture Items or less than seventy-five percent (75%) of all FF&E items (including the Furniture Items) listed in Attachment 
 “1” are in Acceptable Condition, Buyer and Seller shall have until the expiration of the Negotiation Period to execute                
 and deliver an Amended Bill of Sale Agreement and to give Escrow Agent a Joint Settlement Notice.                                     |

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| D. | Buyer and Seller agree to negotiate in good faith during the Negotiation Period to resolve any disputes                                  
 concerning the FF&E condition or Purchase Price adjustment. Both parties acknowledge that failure to reach an agreement during the       
 Negotiation Period may result in termination of this Agreement and recognize that such termination would materially impact the interests 
 of both parties. Accordingly, each party agrees to participate meaningfully and reasonably in such negotiations.                         |

| E. | If Buyer gives Seller and Escrow Agent a Rejection Notice and thereafter, both parties do not give Escrow                                   
 Agent a Joint Settlement Notice within the Negotiation Period, then either party shall be entitled to terminate this Bill of Sale Agreement 
 at any time thereafter by giving a written termination notice to Escrow Agent before Escrow Agent receives a Joint Settlement Notice.       
 In that event, (i) Seller shall retain possession of all FF&E and the Warehouse Items, (ii) Buyer shall vacate the Leased Premises          
 without further claims to the FF&E or the Warehouse Items, (iii) this Bill of Sale Agreement shall become null and void and (iv) the        
 parties shall have no further obligations under this