Company: MBIO
Filing Date: 2025-02-27
Form Type: 424B3
Source: 0001104659-25-018303
Chunk: 13

Company: MUSTANG BIO, INC.
Filing Date: 2025-02-27
Form: 424B3
Chunk 13
---
 Date on the later to occur of (a) the Transfer Date, as such term is defined in that certain Bill of Sale and Surrender Agreement by and among, Landlord, Tenant and AbbVie Bioresearch Center Inc. attached hereto as Exhibit A(the “ Anticipated Early Termination Date”), or (b) the date Tenant surrenders and yields up the Premises to Landlord in the condition required by the Lease as modified by Section 4 of this Amendment (the later of (a) or (b) to occur shall constitute the “ Early Termination Date” and this agreement as to early termination, the “ Early Termination”) and Tenant hereby waives its right to exercise the Extension Options granted under the Lease. Subject to the provisions of Section 4.e, below, as of the Early Termination Date, Tenant shall no longer have any obligation to pay Basic Rent, Additional Rent, Operating Expenses, or other amounts payable under the Lease excepting those amounts due and outstanding as of the Early Termination Date.

3.Contingent on Lease Execution. ThisAmendment shall be conditioned on Landlord entering into a lease with a third party with respect to the Premises, provided, however, that Landlord’s execution and delivery of this Amendment to Tenant shall evidence Landlord’s waiver of such condition.

4.Surrender; Security Deposit.

| a. | Tenant shall surrender and yield up to Landlord                                                                                         
 all of Tenant’s right, title, and interest in the Premises and parking spaces and vacate, surrender, and deliver exclusive possession   
 of the Premises and parking spaces to Landlord on or before 11:59 P.M. (Eastern) no later than the Anticipated Early Termination Date   
 as required under the Lease to include, but not be limited to, compliance with the Tenant Surrender Plan. Landlord hereby confirms that 
 Tenant is and shall not be required to remove from the Premises Tenant’s Work performed with respect to its initial occupancy.          |

| b. | Landlord approves the plan attached hereto as Exhibit B and incorporated herein by this reference                                          
 as the Surrender Plan as meeting the requirements for a surrender plan set forth in Section 28 of the Lease. Landlord hereby waives (i)    
 the requirement in Section 28 of the Lease that the Surrender Plan be presented by Tenant to Landlord at least 3 months prior to surrender 
 of the Premises, (ii) any requirement in the Lease as to the format or