SEC Contract Filing

Filing Date: 2025-06-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>4
<FILENAME>exhibit105altaagmt.htm
<DESCRIPTION>EX-10.5
<TEXT>
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<title>Document</title></head><body><div id="i6aa39dc915db4f6a88452d17f2eb9deb_68"></div><div style="min-height:84.96pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.5</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">Executed Version</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#808080;font-family:'Arial',sans-serif;font-size:14pt;font-weight:700;line-height:120%"> </font></div></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">February 1, 2025</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Mr. Andy Yoo</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Exicure, Inc.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2430 N. Halsted St.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Chicago, IL 60614 USA</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Mr. Yoo&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This agreement summarizes the terms and conditions upon which Alta Companies Ltd. (&#8220;ALTA&#8221;) will provide Paul Kang as a Senior Advisor and assist Exicure, Inc. and affiliates (the &#8220;COMPANY&#8221;) with respect to corporate development, capital raising, and mergers&#47;acquisitions (the &#8220;PROJECT&#8221;).<br><br>Compensation to ALTA w.r.t. the PROJECT (and in lieu of bonus and termination fees per PAUL KANG&#8217;s Exicure CEO employment agreement) shall be as follows&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">The COMPANY agrees to pay ALTA an initial fee of $99,000.</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">The COMPANY shall pay ALTA $12,500 at the end of each month.</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Prior to closing any transactions involving such parties that were introduced by ALTA or Paul Kang to the COMPANY (or where ALTA or Paul Kang were involved in discussions), the COMPANY agrees to determine ALTA&#8217;s involvement on mutually agreeable terms prior to closing any such transaction.<br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Further, the Company and Paul Kang mutually release each other from any and all past liability and claims of any kind whatsoever, regardless of whether such claims are known at the time of the release.<br><br>ALTA&#47;Paul Kang agrees to continue his responsibilities and duties that can make a significant impact on the COMPANY&#8217;s growth and strategy. This work includes assistance with potential mergers &#38; acquisitions, capital raises, investor relations, and other consulting activities as deemed necessary by the COMPANY&#8217;s CEO, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">provided however</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">, that such assistance is consistent with this letter agreement and applicable law. <br><br>The COMPANY will timely apprise ALTA of material matters relevant to the PROJECT. The COMPANY recognizes, agrees and confirms that ALTA and Paul Kang (i) will be using and relying upon information available from the COMPANY and generally recognized public sources (the &#8220;Information&#8221;), without having independently verified the same, and&#59; (ii) does not assume responsibility for the accuracy or completeness of such Information nor of materials d