Company: MBIO
Filing Date: 2025-04-01
Form Type: 424B3
Source: 0001104659-25-030657
Chunk: 247

Company: MUSTANG BIO, INC.
Filing Date: 2025-04-01
Form: 424B3
Chunk 247
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In addition, our Certificate of Incorporation and Bylaws provide that we will indemnify each director and the officers, employees, and
agents determined by our Board of Directors to the fullest extent provided by the laws of the State of Delaware.

Special Meetings of Stockholders

Our Bylaws provide that special
meetings of the stockholders may be called, at any time for any purpose or purposes, by the Board of Directors or by such person or persons
as may be authorized by the Certificate of Incorporation or the Bylaws, or by such person or persons duly designated by the Board of Directors
whose powers and authority, as expressly provided in a resolution of the Board of Directors, include the power to call such meetings,
but such special meetings may not be called by any other person or persons.

Stockholder Action by Written Consent Without a Meeting

Our Bylaws provide that any action required by
the DGCL to be taken at any annual or special meeting of stockholders of a corporation, or any action that may be taken at any annual
or special meeting of such stockholders, may be taken without a meeting, without prior notice, and without a vote, if a consent in writing,
setting forth the action so taken, is signed by the holders of outstanding stock having not less than the minimum number of votes that
would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted.
provided that such copy, facsimile, or other reproduction shall be a complete reproduction of the entire original writing.

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Election and Removal of Directors

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Our Certificate of Incorporation
provides that for a period of ten (10) years from the date of the first issuance of shares of Class A Common Stock, the holders of record
of the shares of Class A Common Stock (or other capital stock or securities that are issued upon conversion of or in exchange for the
Class A Common Stock and whether or not the Class A Special Conversion Termination Date (as defined in the Certificate of Incorporation)
has occurred), exclusively and as a separate class, shall be entitled to appoint or elect one (1) director of the Company. The holders
of record of the shares of Common Stock and Preferred Stock (including Class A Common Stock and Class A Preferred Stock) and of any other
class or series of voting stock, exclusively and voting together as a single class, shall be entitled to elect the balance of the total
number of directors of the Company, if any.

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Any