Termination of Material Agreement Form 8 K

Item 1.02 Termination of a Material Definitive Agreement.

On November 27, 2024, Adicet Therapeutics, Inc. (the "Subsidiary"), a Delaware corporation and wholly-owned subsidiary of Adicet Bio, Inc. (the "Guarantor", and together with the Subsidiary, the "Company"), and Banc of California (formerly known as Pacific Western Bank) ("Banc of California") executed a payoff letter (the "Payoff Letter") to repay in full all outstanding indebtedness and terminate all commitments and obligations, subject to certain exceptions, under that certain Loan and Security Agreement (the "Loan Agreement"), dated as of April 28, 2020, as amended. Under the Payoff Letter, the Company agreed to pay Banc of California approximately $10,000 in repayment of the Company's outstanding obligations under the Loan Agreement and establish cash collateral accounts and execute pledge and security agreements to secure ancillary services provided by Banc of California. No termination penalty was paid in connection with the Payoff Letter.