Document:

ex10_30.htm

    
      

      

    

     

     

    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 ConfidentialExhibit 10.12
                                 Lease Agreement

Party A: Hainan Zhongfu Going-abroad Personnel Service Center
Party B: Hainan Helpson Medical & Biotechnology Co., Ltd

The agreement is made on the behalf of both parties A and B to take the property
known as Jiahai building. Two parties hereby agree as follows:

1.    Property

      Party A as the sole  landlord  of  Jiahai  building  must to make sure the
premise has not been sold and deposited  before this agreement.  Party A is also
responsible for the property  management during the term. The property ownership
certificate number is 10875 (refer to Appendix 1 ownership certificate).

      Party A agrees to let 2nd floor with 676 square  meter of Jiahai  building
to party B.(refer to Appendix 2, planar graph)

      Party B agrees to take the 2nd floor of Jiahai building for private use.

      Party  A  agrees  that  Party  B has  the  right  to use  public  facility
throughout the term, the facilities  include but not limit to elevators,  stairs
and route way.

      Party A agrees to provide Party A one free underground parking place.

2.    Term

      The period of the  agreement  commences on 21st Nov. 2000 and ends on 20th
Nov. 2010.

3.    Rent

      The monthly rent is RMB3600.00, agreed by both parties.

      Rent includes property management expenses, maintenance bonds and security
charges. Party A is responsible for these expenses.

      Rent do not include public cleaning service charge, that Party B should be
responsible for the monthly payment of RMB 10.00.

      Fixed rent agreed  only for the term of five years from 21st Nov.  2000 to
20th Nov.  2005.  From 21st Nov.  2005 to 20th Nov.  2010.  Monthly  rent may be
fluctuated  around  5%  up/down  according  to the  increase/decrease  trend  of
national housing rent rate.

                                       1
<PAGE>

4. Water and electronic charges

      Party A agrees to install water and  electronic  meter reading  facilities
for the  property.  Party B agrees to pay for all actual  services  charges  for
water and electricity to Party A.

      Party A takes all responsibility for any inconveniences caused by using or
keeping the water and electronic charge fees for its own use. Part A will not be
hold  responsible  for any lose to Party B caused by the  water  and  electronic
suppliers.

      Party B will be held  responsible  for cutting  off water and  electricity
supply when payment is delayed from Party B.

      Water charges RMB2.30/m(3) and electricity charges RMB1.20/ kilowatt hour.
(Actual charge refer to current public standard)

5.    Deposit

      Party B pays the Deposit of RMB3600.00 as security for the  performance of
any breach of obligation, such as underpayment of water or phone bills.

      Party B pays the water,  electricity,  cleaning  services  and the monthly
rent in the 10th of every month.

6.    Decoration

      Party  B  is  allowed  to  decorate  the  property  without  changing  the
construction structure. Party B must to ensure that Party A has checked the plan
of  decoration  before the  implementation  take  place.  Paty A must  provide a
written agreement within 3 days, otherwise,  Party A will be responsible for any
lost of Party B.

      Agreed by both parties,  the total decoration  expenses are RMB 300,000.00
with 10 years Depreciation.  Party A will return Party B the rest of depreciated
value of the  property if Party A terminates  the  agreement in the middle term.
Party A will not responsible for any costs if Party B terminates the agreement.

      Party B must ensure not to cause  damage to the  structure of the property
during the decoration period. And it is responsible for any damage caused.

7. Responsibilities of Party A over the property

      Must  ensure  not to sell,  deposit  and sublet  the  property  during the
agreement term.

                                       2
<PAGE>

      Must make sure they,  or anybody else on their  behalf,  do not  interrupt
Party  B's use of the  premises.  Party B has the  independent  use right of the
property during the rent.

      Must ensure convenient and secured use of public facilities and the supply
of water and  electricity.  Party A also must to keep the public  property  in a
reasonable cleaning condition.

      Must ensure it is the sole owner of the property.  Party A is  responsible
for all related tax expenses.

8. Responsibilities of Party B over the property

      Must ensure the  efficient  use of the  property.  It is  responsible  for
assisting fire and security management.

      Must make sure to pay the monthly rent and related expenses on time.

      Taking  responsibility for the charges from phone call and reasonable cost
of facilities.

9.    Sublet

     Party A has the right to sublet this property to third party if this sublet
is agreed by party B.

10.   Liability for Breach of Contract

      If Part A delay the handing over of this property, Party A will be charged
with 5% of monthly rent as a penalty per day.

      Party  A is  responsible  for  any  failures  of  the  regular  water  and
electricity supply.

      Party A is not  allowed to sublet  this  property  to third  parties.  The
contract with third party will also not valid over this agreement term.

      Party A must to  notice  Party B in  advance  if Party A plan to sell this
property  during the agreement term.  Under the same condition,  Party B has the
priority right to purchase this property.  This agreement still has legal effect
with those who have bought this property.

       Property management fees are included in the rent. Therefore,  Party A is
responsible for the legal  responsibilities of property management.  All related
fees  and  responsibilities  will be  complying  with  the  change  of  property
management service.

                                       3
<PAGE>

       If no further contract is agreed when this agreement mature. Party B will
be responsible for the rent, water and electricity expenses caused and pay 5% of
rent daily as breach of agreement.

      Party B must to ensure not to use the  Property for any illegal or immoral
purposes

      Party B is responsible for fire, water and other incidents caused by Party
B.

11.    Termination

      Party A has the right to terminate  this agreement if Party B fails to pay
the required rent for one month.

       Party B has the right to  terminate  this  agreement if Party A could not
ensure the security of the property and the water and electricity supply for one
month.

      This agreement is legally terminated without the agreement by both parties
in the case that all  conditions  of  termination  are legally  met.  There is 2
months rent as penalty to the party who terminate this agreement.

      The claim for indemnification  will not be affected by termination of this
agreement.

       Both parties are not allowed to terminate  this  agreement by themselves.
The termination has to be noticed 30 days in advance.  There is 2 months rent as
penalty to the party who terminate this agreement.

12.   Others

      Party  A  is  the   landlord  of  the   property   and  has  to  take  all
responsibilities for property management.

      Appendixes used in this agreement are signed to take the legal effect.

      Party A may be not responsible  for anything  happened over the capability
of human.

Party (A) Hainan Zhongfu Going-abroad Personnel Service Center

Legal Representative

Contact address: Jiahai Building, No. 17 Jinpan Rd., Haikou

                                       4
<PAGE>

Phone:86-898-6819078

Party(B) Hainan Helpson Medical & Biotechnology Co., Ltd

Legal representative

Contact address

Phone

                                       5
<PAGE>

                         Housing Rent Adjustment Notice

To: Hainan Helpson Medical & Biotechnology Co., Ltd

According  to the Item 3 and Item 4 in our Lease  Agreement  and the real  state
price  in  our   district,   we'd  like  to  adjust   the   housing   rent  from
RMB3600.00/month to RMB3780.00/month from July 21, 2006.

Sincerely yours,

                            Hainan Zhongfu Going-abroad Personnel Service Center
                                                                   Aug. 25, 2006

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