Item 1.01. Entry into a Material Definitive Agreement.

On September 30, 2021, Exicure, Inc. ("Exicure") and Exicure Operating Company, Exicure's wholly owned subsidiary (collectively with Exicure, the "Company") entered into an amendment ("Amendment No. 3") to the Company's Credit and Security Agreement, dated as of September 25, 2020, as amended on October 21, 2020 and July 30, 2021, with MidCap Financial Trust, as agent, and the lenders party thereto from time to time (as amended by Amendment No. 3, the "Credit Agreement").

Amendment No. 3 extends the availability of the second advance of $7.5 million under the Credit Agreement from September 30, 2021 to December 31, 2021, subject to the Company's satisfaction of certain applicable funding conditions as described in Amendment No. 3, including i.) Exicure's issuance of equity interests, subject to certain limitations, resulting in receipt by Exicure of unrestricted net cash proceeds of at least $20.0 million, and ii.) the contribution by Exicure, and receipt by Exicure Operating Company, of such cash proceeds to the capital of Exicure Operating Company.

The above description of Amendment No. 3 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 3, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

   Exhibit No.                                          Description
10.1                      Amendment No. 3, dated as of September 30, 2021, to Credit and Security
                        Agreement, dated as of September 25, 2020, by and among Exicure, Inc.,
                        Exicure Operating Company, the lenders party thereto from time to time and
                        MidCap Financial Trust, as agent.
104                     Cover Page Interactive Data File (embedded within the Inline XBRL document).

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