AMENDMENTNo. 1 tothe SETTLEMENTAND LICENSE AGREEMENT (originallyeffective as of July 31, 2006) byand between UNIVERSALDISPLAY CORPORATION (UDC) and SEIKOEPSON CORPORATION (EPSON)

Contract Categories: Intellectual Property - License Agreements
EX-10.5 6 ex10_5.htm AMENDMENT NO. 1 TO THE SETTLEMENT AND LICENSE AGREEMENT BETWEEN REGISTRANT AND SEIKO EPSON CORPORATION ex10_5.htm


AMENDMENT No. 1
 
to the
 
SETTLEMENT AND LICENSE AGREEMENT
(originally effective as of July 31, 2006)
 
by and between
 
UNIVERSAL DISPLAY CORPORATION (“UDC”)
 
and
 
SEIKO EPSON CORPORATION (“EPSON”)


This Amendment No. 1 shall amend and modify, to the extent of any inconsistency, the provisions of the above-referenced Settlement and License Agreement (the “Agreement”).  This Amendment No. 1 shall be effective as of March 30, 2009.

1.  
The deadline for the credit referred to in the fifth (5th) sentence of Article 4 of the Agreement is hereby extended [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 duly signed by their respective authorized representatives as of the dates written below.



UNIVERSAL DISPLAY CORPORATION
 
SEIKO EPSON CORPORATION
     
By:
   /s/ Steven V. Abramson
 
By:
   /s/ Mitsuro Atobe
Name:
   Steven V. Abramson
 
Name:
   Mitsuro Atobe
Title:
   President
 
Title:
   Deputy General
       
     Administrative Manager,
       
     Corporate Research &
       
     Development Division
         
Date:
   March 31, 2009
 
Date:
   24 Mar. 2009