AMENDMENT No. 1 to the OLED MATERIALS SUPPLY AND SERVICE AGREEMENT dated January 1, 2006 by and between PPG INDUSTRIES, INC. ("PPG") and UNIVERSAL DISPLAY CORPORATION ("UDC")
AMENDMENT
No. 1
to
the
dated
January 1, 2006
by and
between
PPG
INDUSTRIES, INC. ("PPG")
and
UNIVERSAL
DISPLAY CORPORATION ("UDC")
This
Amendment No. 1 shall amend and modify, to the extent of any inconsistency, the
provisions of the above-referenced OLED Materials Supply and Service Agreement
(the “Agreement”). The
effective date of this Amendment No. 1 is January 4, 2008.
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1.
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The
Agreement is hereby amended to extend the Initial Term of the Agreement
for an additional three (3) years, through December 31,
2011. Toward this end, the first sentence of Section 18.2 of
the Agreement (Term) is hereby amended and restated as
follows:
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“The
initial term of this Agreement (the “Initial Term”) shall
be from the Effective Date through December 31, 2011.”
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2.
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All
other terms and conditions of the Agreement shall remain in full force and
effect.
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IN
WITNESS WHEREOF, the parties by their duly authorized representatives have
agreed to this Amendment No. 1:
PPG
INDUSTRIES,
INC. UNIVERSAL
DISPLAY CORPORATION
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By:
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/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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By:
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/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name:
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name:
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Title:
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Vice President – Optical
Products
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Title:
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President
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Date:
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1-4-2008
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Date:
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January 4, 2008
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