OLED SUPPLEMENTAL LICENSE
AGREEMENT
THIS
OLED SUPPLEMENTAL LICENSE AGREEMENT (this “ Agreement
”) is entered into effective as of April 19, 2005 (the
“ Effective Date ”), by and between Samsung SDI
Co., Ltd. (“ Samsung SDI ”), an entity
incorporated under the laws of the Republic of Korea and having a
place of business at 575 Shin-dong, Paldal-ku, Suwon, Kyungki-do
442-391, Korea, and Universal Display Corporation (“
Universal Display ”), an entity incorporated under the
laws of the Commonwealth of Pennsylvania, U.S.A. and having a place
of business at 375 Phillips Boulevard, Ewing, New Jersey 08618,
U.S.A.
BACKGROUND
WHEREAS,
Universal Display makes and sells certain materials for use in
organic light emitting devices;
WHEREAS,
Samsung SDI desires to purchase these materials from Universal
Display on the terms and conditions set forth herein;
WHEREAS,
Universal Display and Samsung SDI have on the date hereof entered
into an OLED PATENT LICENSE AGREEMENT (the “ Main
Agreement ”) to which this Agreement is a supplement;
and
WHEREAS,
terms not defined herein shall have the meanings ascribed to them
in the Main Agreement.
NOW,
THEREFORE, intending to be legally bound, Samsung SDI and Universal
Display agree as follows:
AGREEMENT
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Article 1
Purchase of Commercial Materials
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1.1
Samsung SDI Purchase of Phosphorescent Materials
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[The
confidential material contained herein has been omitted and has
been separately filed with the Commission.]
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1.2
Reservation of Rights . Nothing herein shall be construed as
a license by Universal Display, express or implied, for Samsung
SDI, any Permitted Sublicensee or any third party to manufacture
and/or sell to Samsung SDI, such Permitted Sublicensee or any other
person or entity any Phosphorescent Material or other OLED material
covered by the Univers
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