AmendmentNo. 1 tothe OLEDTECHNOLOGY LICENSE AND TECHNICAL ASSISTANCE AGREEMENT (originallyentered into July 28, 2008) byand between UniversalDisplay Corporation (UDC) and KyoceraCorporation (Kyocera)

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EX-10.1 2 ex10_1.htm AMENDMENT NO. 1 TO THE OLED TECHNOLOGY LICENSE AND TECHNICAL ASSISTANCE AGREEMENT ex10_1.htm


Amendment No. 1
 
to the
 
OLED TECHNOLOGY LICENSE AND TECHNICAL ASSISTANCE AGREEMENT
(originally entered into July 28, 2008)
 
by and between
 
Universal Display Corporation (“UDC”)
 
and
 
Kyocera Corporation (“Kyocera”)

This Amendment No. 1 shall amend and modify, to the extent of any inconsistency, the provisions of the above-referenced OLED Technology License and Technical Assistance Agreement (the “Agreement”).  This Amendment No. 1 is being entered into retroactively as of December 31, 2008.

1.           Article 11 of the Agreement is hereby amended and restated in its entirety as follows:

Article 11                      Effective Date

Except for the provisions of this Article 11, this Agreement shall become effective only when Kyocera gives a written notice to Universal Display on or before December 31, 2009, [The confidential material contained herein has been omitted and has been separately filed with the Commission.]


2.           Except as set forth in this Amendment No. 1, all other terms and conditions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No.1 to be executed by their duly authorized representatives:

Kyocera Corporation
 
Universal Display Corporation
     
By:
   /s/ Y. Matsumura
 
By:
    /s/ Steven V. Abramson
Name:
   Yasushi Matsumura
 
Name:
    Steven V. Abramson
Title:
   Executive Officer
 
Title:
    President
 
     General Manager, Corporate Display Group
   
     
Date:
   2009 Jan. 19
 
Date:
    Jan. 22, 2009