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AMENDMENT #1
 
to the
 
COMMERCIAL SUPPLY AGREEMENT
(originally effective May 23, 2007)
 
by and between
 
LG DISPLAY CO., LTD. (“LGD”) - formerly named LG.PHILIPS LCD CO., LTD.
 
and
 
UNIVERSAL DISPLAY CORPORATION (“UDC”)

This Amendment #1 shall amend and modify, to the extent of any inconsistency,
the provisions of the above-referenced Commercial Supply Agreement (the
“Agreement”).  This Amendment #1 shall be effective as of June 30, 2008.

1.           Article 9.1 of the Agreement is hereby amended to extend the term
of the Agreement for one (1) additional year, through June 30, 2009.

2.           Except as set forth in this Amendment #1, all other terms and
conditions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties, intending to be legally bound, have caused this
Amendment #1 to be executed by their duly authorized representatives:

LG DISPLAY CO., LTD.
 
UNIVERSAL DISPLAY CORPORATION
     
By:           /s/ Byung Chul Ahn
 
By:           /s/ Steven V. Abramson
     
Name:  Byung Chul Ahn
 
Name:  Steven V. Abramson
     
Title:                      Vice President
 
Title:                      President
     
Date:                      Nov. 21, 2008
 
Date:                      Nov. 13, 2008

UDC and LGD Confidential
 
 

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