Company: MBIO
Filing Date: 2025-12-03
Form Type: DEF 14A
Source: 0001104659-25-118122
Chunk: 49

Company: MUSTANG BIO, INC.
Filing Date: 2025-12-03
Form: DEF 14A
Chunk 49
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 of our common stock on that date was $1.41. |

Summary of the EIP The material terms of the EIP are described below. The following summary is qualified in its entirety by reference to the complete text of the EIP, a copy of which was filed as Exhibit 10.8 to our Form 10-12G, filed with the SEC on July 28, 2016; Amendment No. 1 to the EIP dated June 14, 2018, a copy of which was attached as Exhibit A to our definitive proxy statement, filed with the SEC on April 30, 2018; Amendment No. 2 to the EIP dated June 17, 2021, a copy of which was filed as Exhibit 10.1 to our Current Report on Form 8-K, filed with the SEC on June 22, 2021; and Amendment No. 3 to the EIP dated June 21, 2022, a copy of which was filed as Exhibit 10.1 to our Current Report on Form 8-K, filed with the SEC on June 24, 2022.

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Purpose. The purpose of the EIP is to promote the success, and enhance the value, of Mustang Bio, Inc. by linking the personal interests of employees, officers, directors and consultants of the Company or any its Affiliates (defined below) to those of Company stockholders and by providing such persons with an incentive for outstanding performance. The EIP is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of employees, officers, directors and consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. Accordingly, the EIP permits the grant of incentive awards from time to time to selected employees, officers, directors and consultants of the Company and its Affiliates. “Affiliate” means (i) any Subsidiary or Parent, or (ii) an entity that directly or through one or more intermediaries controls, is controlled by or is under common control with, the Company, as determined by the Committee. Permissible Awards. The EIP authorizes the Board (or the Compensation Committee) to grant awards in any of the following forms:

| ● | options to purchase shares of our common stock, which may be nonstatutory stock options or incentive stock options under the IRC. The exercise price of an option granted under the EIP may