ex10_1.htm


    
      

      

    

    
 

    
      Exhibit
10.1

       

AMENDMENT #1

    


    to
the

    


    OLED
PATENT LICENSE AGREEMENT

    


    (originally
effective as of April 19, 2005)

    


    by and
between

    


    Samsung
SDI Co., Ltd. (“SDI”)

    


    and

    


    Universal
Display Corporation (“UDC”)

    


    This
Amendment #1 shall amend and modify, to the extent of any inconsistency, the
provisions of the above-referenced OLED Patent License Agreement (the
“Agreement”).  The effective date of this Amendment #1 is January 1,
2007.

    


    
      	
              1.  

            	
              Section
      5.3 of the Agreement is hereby amended to change the currency exchange
      rate specified therein from “the exchange rate as published in The Wall Street Journal
      on the last business day of the [The confidential material contained
      herein has been omitted and has been separately filed with the
      Commission.] for which payment is being made,” to “the Korea Exchange Bank
      (KEB) Basic Rate as last quoted on the final business day of the [The
      confidential material contained herein has been omitted and has been
      separately filed with the Commission.] with respect to which the relevant
      Royalty Report is made; provided, however, that actual payment of the
      royalty shall be made within sixty (60) days following the end of each
      [The confidential material contained herein has been omitted and has been
      separately filed with the Commission.] pursuant to Section
      4.4.”

            


    

    


    
      	
              2.  

            	
              All
      other terms and conditions of the Agreement, as previously amended, shall
      remain in full force and effect.

            


    

    


    IN
WITNESS WHEREOF, the parties by their duly authorized representatives have
agreed to this Amendment #1:

      

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        	 Samsung SDI Co.,
      Ltd.  	 	 Universal Display
      Corporation
	 	 	 
	 	 	 
	
                                                                By:          
       /s/ Jae Wan
      Chi                                           

                                                              	 
      	
                                                                By:           
      /s/ Steven V.
  Abramson

                                                              
	 
      	 
      	 
      
	
                                                                Name:    
       Jae Wan Chi

                                                              	 
      	
                                                                Name:     
      Steven V. Abramson

                                                              
	 
      	 
      	 
      
	
                                                                Title:       
      Executive Vice
    President

                                                              	 
      	
                                                                Title:        
      President

                                                              
	 
      	 
      	 
      
	
                                                                Date:        July 30th, 2008

                                                              	 
      	
                                                                Date:         May 28th,
2008

                                                              


                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    


    


    
      
        Universal
Display/Samsung SDI Confidential

      

      
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