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effective as of January 1, 2006 (the +IBwAPA-u+AD4-Effective
Date+ADw-/u+AD4gHQ-), by and between AU Optronics Corporation
(+IBwAPA-u+AD4-AU Optronics+ADw-/u+AD4gHQ-), an entity incorporated
under the laws of the Taiwan and having a place of business at 1
Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, Taiwan, ROC, and
Universal Display Corporation (+IBwAPA-u+AD4-Universal
Display+ADw-/u+AD4gHQ-), 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.+ADw-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center
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devices+ADs- and+ADw-/span+AD4APA-/p+AD4- +ADw-p
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purchase these materials from Universal Display on the terms and
conditions set forth herein.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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legally bound, AU Optronics and Universal Display agree as
follows:+ADw-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center
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Universal Display will sell to AU Optronics, and AU Optronics will
purchase from Universal Display, such of the OLED materials
currently offered for commercial sale by Universal Display and
specified on +ADw-u+AD4-Exhibit +ADw-/u+AD4-A hereto (the
+IBwAPA-u+AD4-Products+ADw-/u+AD4gHQ-) as AU Optronics may order
from time to time hereunder. +ADw-u+AD4-Exhibit A+ADw-/u+AD4- shall
be updated by the parties from time to time as AU Optronics desires
other OLED materials that Universal Display is offering for
commercial sale, or as Universal Display ceases offering to sell
certain of the OLED materials currently being sold to AU Optronics
hereunder. Universal Display shall provide AU Optronics with at
least six (6) months+IBk- prior written notice of its intention to
discontinue offering for commercial sale any OLED material
currently being sold to AU Optronics
hereunder.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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Additional Terms+ADw-/u+AD4-. Unless otherwise expressly agreed to
in writing, Universal Display+IBk-s sale and AU Optronics+IBk-s
purchase of all Products hereunder shall be solely on the terms and
conditions set forth herein. Each party accepts these terms and
conditions and no inconsistent or additional terms or conditions of
any purchase order, acceptance, shipping instructions or other
document submitted by either party shall apply other than those
specified in Section 1.3 below. All such other terms and conditions
are hereby rejected and no separate notice of such rejection need
be given by either party.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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Universal Display for the Products
(+IBwAPA-u+AD4-Orders+ADw-/u+AD4gHQ-) at least three (3) months in
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style+AD0-'font-size:10.0pt'+AD4-All Orders shall include (a) the
date of the Order, (b) the identity and quantity of each Product
ordered, (c) the requested date of shipment, and (d) the shipping
destination.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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AU Optronics shall provide Universal Display with rolling
forecasts, on a calendar quarterly basis by the end of each
quarter, of its expected requirements for each Product during the
next twelve (12) months. These forecasts shall be
non-binding.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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and Risk of Loss+ADw-/u+AD4-. All Products shall be sold FCA
(Incoterms 2000), Universal Display+IBk-s Product shipment facility
in New Jersey, U.S.A. AU Optronics shall be responsible for all
associated shipping and insurance charges, brokers+IBk- fees and
the like, all of which, if arranged by Universal Display on AU
Optronics+IBk-s behalf, shall be separately stated on Universal
Display+IBk-s invoices.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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Dates+ADw-/u+AD4-. Universal Display will use reasonable best
efforts to meet AU Optronics+IBk-s requests for specific shipment
dates. Once shipping dates are confirmed by both parties in
writing, Universal Display shall take responsibility to ship
Products on time, subject to the remaining provisions of and
limitations of liability in this Agreement. Partial deliveries
shall be accepted and paid for by AU Optronics on the terms set
forth herein. A late shipment penalty will be charged for confirmed
orders and shipment dates if lateness in initiating the shipment is
attributable to Universal Display+IBk-s negligence or willful
misconduct, pending on the lateness that actually occurs, +AFs-The
confidential material contained herein has been omitted and has
been separately filed with the
Commission.+AF0-.+ADw-/span+AD4APA-/p+AD4- +ADw-table
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conduct qualification testing of each production lot of Product
before shipping any Product from such lot to AU Optronics. Such
qualification testing shall be designed to ensure that the Product
conforms to its corresponding specifications as attached hereto or
otherwise agreed to by the parties in writing (the
+IBwAPA-u+AD4-Product Specifications+ADw-/u+AD4gHQ-). Universal
Display will not ship Product to AU Optronics from any lot that
does not meet the applicable Product Specifications. With each
Product shipment, Universal Display will submit to AU Optronics a
Certificate of Analysis indicating that such lot conforms to the
applicable Product Specifications.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.2+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Acceptance
Testing of Samples by AU
Optronics+ADw-/u+AD4-.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:51.85pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.2.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-At
least one (1) month prior to the requested shipping date for any
Product shipment, Universal Display will provide AU Optronics with
a +AFs-The confidential material contained herein has been omitted
and has been separately filed with the Commission.+AF0- test sample
from the production lot(s) from which the Product will be
supplied+ADs- provided, however, that no such sample shall be sent
from production lot(s) for which AU Optronics has already received
a test sample. +AFs-The confidential material contained herein has
been omitted and has been separately filed with the
Commission.+AF0APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:51.85pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.2.2+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-Within
three (3) weeks following its receipt of a test sample as specified
above, AU Optronics will conduct an acceptance test to confirm that
the sample conforms to its +ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4-+ADw-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-50+ACUAIg- valign+AD0-bottom
style+AD0-'width:50.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:2.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:
8.65pt+ADs-margin-bottom:.0001pt+ADs-text-indent:-8.65pt'+AD4APA-i+AD4APA-span
style+AD0-'font-size: 10.0pt'+AD4-Universal Display/AU Optronics
Confidential+ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-td width+AD0AIg-50+ACUAIg- valign+AD0-bottom
style+AD0-'width:50.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
align+AD0-right
style+AD0-'margin-top:2.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-
margin-left:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-i+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Page 2 of
18+ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center
style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray
align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-corresponding Product
Specifications. At the conclusion of such three (3) week period, AU
Optronics will inform Universal Display in writing as to whether or
not the test sample passed this acceptance test. Unless otherwise
expressly agreed to by the parties, Universal Display shall fill
all Orders using only Product from production lots for which AU
Optronics has informed Universal Display in writing that the test
sample has passed the acceptance test, such written notice not to
be unreasonably withheld or delayed. AU Optronics understands and
acknowledges that any delay in so informing Universal Display may
result in a corresponding delay in the shipping date, since
shipments may not be initiated until up to one (1) week after
Universal Display receives AU Optronics+IBk-s written notice of
acceptance, although Universal Display agrees to use reasonable
best efforts to initiate such shipments within three (3) business
days after receipt of said written notice.+ADw-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:51.85pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.2.3+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-If
the test sample does not pass AU Optronics+IBk-s acceptance test,
the parties shall promptly and in good faith discuss and attempt to
determine why this has occurred and to implement procedures to
prevent its recurrence. At the same time, Universal Display will in
good faith endeavor to fill the Order in a timely manner by
shipping to AU Optronics Product from one or more production lots
for which the test samples have already passed AU Optronics+IBk-s
acceptance test. Should there be insufficient material from such
production lots for Universal Display to fill the Order, Universal
Display will promptly provide AU Optronics with a test sample from
one or more other production lots for which no test samples have
previously been sent and the process above shall be repeated until
sufficient material to fill the Order has been identified. Should
this prevent Universal Display from filling the Order by the
requested shipping date or within a reasonable period of time
thereafter (said period not to exceed sixty (60) days), AU
Optronics shall have the right to cancel the Order and exercise
such other rights or remedies as may be available to it, subject to
the express limitations set forth in this
Agreement.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.3+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Shipping
Inspection by Universal Display+ADw-/u+AD4-. Universal Display will
conduct a final visual inspection of all Product before shipping
such Product to AU Optronics. Universal Display will not ship to AU
Optronics any Product that does not pass such visual
inspection.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.4+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Receiving
Inspection by AU Optronics+ADw-/u+AD4-. Upon receipt of each
Product shipment, AU Optronics will visually inspect such shipment
for any shortage or other visible defects. AU Optronics will
provide Universal Display with written notice of any shortage or
visible defects promptly following AU Optronics+IBk-s receipt of
the shipment, which notice shall specify in reasonable detail the
manner in which the shipment is short or defective. In the absence
of Universal Display receiving written notification to the contrary
within thirty (30) days following AU Optronics+IBk-s receipt of the
shipment, AU Optronics shall be deemed to have accepted the
shipment without reservation on the date of receipt. AU
Optronics+IBk-s remedy and Universal Display+IBk-s responsibility
with respect to any Product shipment that is identified by AU
Optronics and confirmed by Universal Display to be short or
otherwise defective shall be limited to Universal Display promptly
making up the shortage or replacing the defective Product, all at
no additional cost to AU Optronics except where the shortage or
defect arises through no fault of Universal Display after risk of
loss for the Product shipment has passed to AU Optronics. In the
event is determined to have arisen after risk of loss has passed to
AU Optronics, Universal Display will use commercially reasonable
best efforts to assist AU Optronics in making any claims against
the carrier with respect thereto.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-50+ACUAIg- valign+AD0-bottom
style+AD0-'width:50.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:2.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:
8.65pt+ADs-margin-bottom:.0001pt+ADs-text-indent:-8.65pt'+AD4APA-i+AD4APA-span
style+AD0-'font-size: 10.0pt'+AD4-Universal Display/AU Optronics
Confidential+ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-td width+AD0AIg-50+ACUAIg- valign+AD0-bottom
style+AD0-'width:50.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
align+AD0-right
style+AD0-'margin-top:2.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-
margin-left:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-i+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Page 3 of
18+ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center
style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray
align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2.5+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Other
Procedures+ADw-/u+AD4-. The parties may agree on more detailed
inspection, certification and testing procedures in order to
supplement the foregoing provisions of this Article 2. All such
procedures must be documented and signed by an authorized
representative of each party before they shall become binding on
them.+ADw-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable
border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0
style+AD0-'border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in
0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0-66 valign+AD0-top
style+AD0-'width:49.5pt+ADs-padding:6.0pt 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Article
3+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
valign+AD0-top style+AD0-'padding:6.0pt 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Health and the
Environment+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Health
and Safety+ADw-/u+AD4-. Universal Display will furnish AU Optronics
with a Material Safety Data Sheet (an
+IBwAPA-u+AD4-MSDS+ADw-/u+AD4gHQ-) for each Product where required
by applicable law. AU Optronics shall use these MSDS+IBk-s to
familiarize itself with any known hazards associated with the
Products, their storage, handling and use, and the containers in
which they are shipped. AU Optronics shall make available the MSDS
for each Product to all those required by law to receive access to
them. In addition, AU Optronics shall appropriately inform and
train its employees and other personnel as to the hazards
identified in the MSDS for each Product and any other hazards
discovered by AU Optronics through its use of such
Product.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3.2+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Waste
Management+ADw-/u+AD4-. AU Optronics shall properly manage and
dispose of all wastes and/or residues resulting from its use of the
Products in accordance with its corresponding MSDS and all
applicable laws and regulations.+ADw-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0
style+AD0-'border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in
0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0-66 valign+AD0-top
style+AD0-'width:49.5pt+ADs-padding:6.0pt 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Article
4+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
valign+AD0-top style+AD0-'padding:6.0pt 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Intellectual Property
Matters+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Permitted
Uses of the Products+ADw-/u+AD4-. AU Optronics acknowledges that
Universal Display is selling the Products to AU Optronics solely
for use by AU Optronics to manufacture (but not have manufactured)
sell and offer for sale active matrix flat panel OLED display
modules on rigid glass substrates (+IBwAPA-u+AD4-Permitted
Displays+ADw-/u+AD4gHQ-). Accordingly, AU Optronics may not sell or
otherwise distribute the Products to any other person or entity, or
use the Products, or permit or assist others to use the Products,
for any other purposes. Subject to the foregoing, no rights are
granted to AU Optronics under any patents or other intellectual
property owned or controlled by Universal Display. For
clarification, AU Optronics is not licensed under any of Universal
Display+IBk-s top emission or other OLED patents, except those
phosphorescence patents specifically implied in use of the Products
purchased hereunder to make and sell Permitted Displays. Moreover,
AU Optronics is not licensed to make or sell Permitted Displays
incorporating third-party phosphorescent dopant materials. AU
Optronics acknowledges that the pricing charged by Universal
Display for Products sold under this Agreement is based on AU
Optronics+IBk-s agreement to use such Products only for the
manufacture of Permitted Displays, and that such pricing would not
otherwise have been offered to AU
Optronics.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:51.85pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4.1.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Report
of Infringing Activities+ADw-/u+AD4-. AU Optronics may file a
report with Universal Display regarding any activities which AU
Optronics reasonably believes may have infringed the intellectual
property rights of Universal Display in any Products being supplied
for the uses specified in the preceding paragraph. Upon receipt of
such report, Universal Display shall determine in its discretion
whether to take or launch appropriate investigations and seek
protective measures within six (6) months. In the event that
Universal Display does not take reasonable steps within the six (6)
month period, AU Optronics may request to review and reduce the
prices listed +ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:51.85pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4-
+ADw-td width+AD0AIg-50+ACUAIg- valign+AD0-bottom
style+AD0-'width:50.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin-top:2.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:
8.65pt+ADs-margin-bottom:.0001pt+ADs-text-indent:-8.65pt'+AD4APA-i+AD4APA-span
style+AD0-'font-size: 10.0pt'+AD4-Universal Display/AU Optronics
Confidential+ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-td width+AD0AIg-50+ACUAIg- valign+AD0-bottom
style+AD0-'width:50.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
align+AD0-right
style+AD0-'margin-top:2.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-
margin-left:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-i+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Page 4 of
18+ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-/table+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center
style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray
align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-in +ADw-u+AD4-Exhibit
A+ADw-/u+AD4- hereto. In such case, the parties shall in good faith
discuss AU Optronics+IBk-s request and implement any mutually
agreed-upon change to the pricing by written
amendment.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:8.0pt+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:0in+ADs-
margin-bottom:.0001pt+ADs-text-indent:25.9pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4.2+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-u+AD4-Third-Party
Patents+ADw-/u+AD4-. AU Optronics understands that it may be
required to obtain rights under one or more third-party patents in
order to make and sell Permitted Displays, or to use chemicals
other than the Products in such displays, and that AU Optronics
shall be solely responsible for determining the rights it is
required to obtain and for obtaining all such rights. AU Optronics
may request reasonable assistance from Universal Display in
ascertaining and obtaining rights to the
same.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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and Evaluation of the Products. AU Optronics shall not manufacture
or reverse engineer the Products, or analyze the Products to
determine their chemical compositions, structures or methods of
manufacture, or for any other purposes not expressly approved in
writing by Universal Display, nor shall AU Optronics knowingly
permit or assist others to perform the foregoing activities. In
addition, AU Optronics shall not publish or otherwise disclose to
third parties any test results or other information or data
regarding AU Optronics+IBk-s evaluation of the Products without
Universal Display+IBk-s prior written consent not to be
unreasonably withheld. The foregoing shall not restrict AU
Optronics from conducting its standard and/or regular performance
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inquiry and investigation into, and based thereon forming an
independent judgment concerning, the Products and their suitability
for the uses intended by AU Optronics. AU Optronics shall not
assert any claim against Universal Display or hold Universal
Display liable in any manner with respect to any information or
designs furnished (or failed to be furnished) by Universal Display
including, without limitation, technical advice or recommendations,
whether or not accurate. Statements made by Universal Display
concerning possible or suggested uses of the Products are not to be
construed as recommendations for uses of such Products that would
infringe the patent or other intellectual property rights of third
parties, and Universal Display assumes no liability or
responsibility for any such infringement.+ADw-/span+AD4APA-/p+AD4-
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under applicable law to control access to technical data under the
U.S. Export Laws and Regulations, or any foreign counterparts
thereof, and shall adhere to such laws and regulations in handling
and disclosing any technical information provided or received by it
under this Agreement in relation to any
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During the term of this Agreement, and for so long as AU Optronics
is in compliance with the terms and conditions of this Agreement,
Universal Display will not assert against AU Optronics and its
subsidiaries any patent licensed to, owned by, or transferred or
assigned to Universal Display in connection with +AFs-The
confidential material contained herein has been omitted and has
been separately filed with the Commission.+AF0-. During the term of
this Agreement, and for so long as Universal Display is in
compliance with the terms and conditions of this Agreement, AU
Optronics will not assert against Universal Display and its
subsidiaries any patent licensed to, owned by, or transferred or
assigned to AU Optronics in connection with +AFs-The confidential
material contained herein has been omitted and has been separately
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Discussion. In the event that both parties determine it is
necessary for a party to take a license on the patents of the other
party, both parties agree to discuss the terms and conditions of
such license in good faith and on the principle of reasonableness
and fairness, with a view towards market conditions and other
relevant factors. Both parties acknowledge that the market
conditions and other relevant factors relating to said license and
the related products existing at the time of any such discussion
may be materially different from those existing on the date hereof.
Accordingly, any such discussion will not necessarily be based on
the relevant pricing scheme as contemplated
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Pricing+ADw-/u+AD4-. Pricing for the Products during the term of
this Agreement shall be as set forth in +ADw-u+AD4-Exhibit
A+ADw-/u+AD4- hereto. Thereafter, Universal Display and AU
Optronics shall in good faith review and renegotiate such pricing
on either party+IBk-s request on a semiannual basis. Any price
change will not be effective unless confirmed by both parties in
writing. Orders issued prior to any confirmed price change may be
closed to cancel only under both parties+IBk- written
agreement.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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Universal Display shall invoice AU Optronics for all Products at
the time of shipment. All invoices are due and payable within
+AFs-The confidential material contained herein has been omitted
and has been separately filed with the Commission.+AF0AOw-
provided, however, that AU Optronics may withhold payment for any
shipment of Product that does not meet its corresponding Product
Specifications until the shipment (or a replacement quantity of
Product) is approved by AU Optronics or the matter is otherwise
resolved to AU Optronics+IBk-s reasonable satisfaction. If AU
Optronics fails or refuses to timely pay any amounts not then being
disputed by AU Optronics in good faith, Universal Display may (a)
require that AU Optronics pay for future shipments in advance or by
letter of credit or other similar means, and/or (b) suspend
delivery of further shipments of Products until AU Optronics pays
such undisputed amounts in full. The foregoing shall not limit any
other rights or remedies available to Universal Display for
non-payment or late payment of amounts due
hereunder.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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and Other Similar Taxes+ADw-/u+AD4-. Any U.S. sales, use or
value-added taxes, other governmental charges, transfer fees or
assessments based on the sale, shipment, export and/or use of the
Products sold hereunder (other than taxes based upon Universal
Display+IBk-s net income), whether imposed by any local, state or
Federal government or taxing authority, +AFs-The confidential
material contained herein has been omitted and has been separately
filed with the Commission.+AF0-. To the extent Universal Display is
responsible by law for the collection of such amounts, they shall
be separately stated on Universal Display+IBk-s invoices for such
Products and, upon collection, remitted by Universal Display to the
appropriate taxing authority.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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All amounts due to Universal Display hereunder shall be paid in
U.S. Dollars by wire transfer to a bank designated by Universal
Display in writing, or by such other means as the parties may agree
in writing. Universal Display+IBk-s current wire instructions are
as follows:+ADw-/span+AD4APA-/p+AD4- +ADw-p
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when due and nonrefundable once made. All payments due hereunder
shall be made without set-off, deduction or credit for any amount
owed (or alleged to be owed) by Universal Display to AU Optronics
or any of its affiliates. Universal Display may require AU
Optronics to pay interest on any amounts not paid when due at a per
annum rate equal to the Prime Rate as published in +ADw-i+AD4-The
Wall Street Journal+ADw-/i+AD4- on the date of payment plus
+AFs-The confidential material contained herein has been omitted
and has been separately filed with the
Commission.+AF0-.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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Authorization and Withholding Taxes. AU Optronics shall secure all
authorizations required for payment of all amounts due to Universal
Display hereunder and shall bear all transfer fees, taxes and other
charges associated therewith. If necessary, the parties shall in
good faith endeavor to file for and obtain an exemption from the
withholding of any taxes on amounts payable to Universal Display
hereunder+ADs- provided, however, that if AU Optronics is required
to withhold such taxes from any amount payable hereunder, Universal
Display will be responsible to such amount, and further provided
that AU Optronics will assist to obtain the certificate of payment
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+IBwAPA-u+AD4-Recipient+ADw-/u+AD4gHQ-) shall handle and maintain
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shall not publish, disclose or otherwise disseminate any
Confidential Information of the other party, except to such of
Recipient+IBk-s employees and agents who have a +IBw-need to
know+IB0- it to accomplish the purposes of this Agreement, and then
only if such persons previously have agreed in writing to handle
and maintain such Confidential Information in accordance with the
provisions of this Agreement or provisions substantially similar
thereto. Disclosure or dissemination of Confidential Information of
the other party to additional persons or entities requires the
prior written approval of such other
party.+ADw-/span+AD4APA-/p+AD4- +ADw-p
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shall maintain all Confidential Information of the other party in a
safe and secure place with reasonable safeguards to prevent any
unauthorized access to or disclosure of such Confidential
Information. As used herein, +IBw-reasonable safeguards+IB0- means
all safeguards that a reasonable person would take to protect the
Confidential Information in question, which safeguards shall be no
less than the safeguards Recipient takes to protect its own
confidential or proprietary items of a similar
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shall not utilize, reproduce or otherwise exploit any Confidential
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