On January 30, 2024, Arcellx, Inc. entered into an Assignment of Lease (the Assignment) with a third party sublessee, pursuant to which the company agreed to transfer and assign to a sublessee all of its rights, title, and interest under that certain Lease Agreement, dated October 5, 2018, between TFG West Watkins Property, LLC and the company, as amended (the Lease). The Lease relates to the premises located at 25 West Watkins Mill Road, Gaithersburg, MD, which is company?s current headquarters.