Document:

EXHIBIT 10.66

EXHIBIT 10.66

 

SHAREHOLDER AGREEMENT

 

dated as of October 22, 2013

 

by and between

 

SAMSUNG DISPLAY CO., LTD.

 

and

 

CORNING INCORPORATED

 

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Table of contents

 

	

    
    ARTICLE I  DEFINITIONS    
    

    	4
	 	 
	Section 1.1 	Definitions	4
	Section 1.2	Interpretation	6
	 	 	 
	ARTICLE II  VOTING AND PARTICIPATION RIGHTS	6
	 	 	 
	Section 2.1	Voting Rights	6
	Section 2.2	Participation Rights	7
	 	 	 
	ARTICLE III  REQUIRED DISPOSITIONS	8
	 	 	 
	Section 3.1	Required Dispositions; Required Voting	8
	 	 	 
	ARTICLE IV  TRANSFERS	9
	 	 	 
	Section 4.1	Transfer Restrictions	9
	Section 4.2	Exceptions	9
	Section 4.3	Legend on Securities	9
	 	 	 
	ARTICLE V  REGISTRATION RIGHTS	10
	 	 	 
	Section 5.1	Demand Registrations	10
	Section 5.2	Registration Procedures	10
	Section 5.3	Registration Expenses	12
	Section 5.4	Blackout Periods	12
	Section 5.5	Indemnification	12
	Section 5.6	Rule 144 Reporting	14
	 	 	 
	ARTICLE VI  REPRESENTATIONS	14
	 	 	 
	Section 6.1	Shareholder Representations	14
	Section 6.2	Company Representations	14
	 	 	 
	ARTICLE VII  TERMINATION	14
	 	 	 
	Section 7.1	Termination	14
	Section 7.2	Effect of Termination	15

 

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	ARTICLE VIII  MISCELLANEOUS	15
	 	 
	Section 8.1	No Other Agreements	15
	Section 8.2	Announcements	15
	Section 8.3	Specific Performance	15
	Section 8.4	Assignment; Binding Effect	15
	Section 8.5	Notices	16
	Section 8.6	Amendment; Waiver	16
	Section 8.7	Descriptive Headings	16
	Section 8.8	Expenses	16
	Section 8.9	Severability	16
	Section 8.10	Further Assurances	17
	Section 8.11	Entire Agreement	17
	Section 8.12	Governing Law; Jurisdiction	17
	Section 8.13	Counterparts; Facsimile	17
	Section 8.14	Shares	17
	EXHIBIT A	Form of Irrevocable Proxy	19

 

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SHAREHOLDER AGREEMENT

 

This SHAREHOLDER AGREEMENT (this “Agreement”)
is dated as of October 22, 2013, by and between Corning Incorporated, a New York corporation (the “Company”),
and Samsung Display Co., Ltd., a company organized under the laws of the Republic of Korea (the “Shareholder”).
This Agreement shall be effective and shall take effect as of the completion of the Closing (as defined herein) and only if the
Closing occurs.

 

RECITALS

 

WHEREAS, the Shareholder, the Company, Corning
Luxembourg S.àr.l. (“Corning Buyer”), Corning Holding Japan G.K. and Corning Hungary Data Services Limited
Liability Company have entered into that certain Framework Agreement, dated as of the date hereof (the “Framework Agreement”),
pursuant to which, among other things, the Shareholder, the Company and Corning Buyer shall enter into a Purchase and Subscription
Agreement pursuant to which the Shareholder will acquire 2,300 shares of the Company’s Fixed Rate Cumulative Convertible
Preferred Stock, Series A, par value $100 per share (the “Preferred Stock”), on the terms and subject to the
conditions set forth therein;

 

WHEREAS, the Shareholder, Samsung Electronics
Co., Ltd., a company organized under the laws of the Republic of Korea (“Samsung”), and the Company have entered
into that certain Standstill Agreement, dated as of the date hereof (the “Standstill Agreement”), setting forth
certain rights of and restrictions on the Shareholder as a shareholder of the Company and Samsung as an affiliate of the Shareholder;
and

 

WHEREAS, each of the Parties desires to enter
into this Agreement in order to establish certain rights, restrictions and obligations of the Shareholder, as well as to set forth
certain other arrangements relating to the Company.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the premises,
and the mutual promises and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, intending to be legally bound, the Parties hereby agree as follows:

 

	ARTICLE I     	 Definitions

 

	Section 1.1     	Definitions

 

Capitalized terms used but not otherwise
defined in this Agreement shall have the meanings set forth below:

 

“Affiliate” means, with
respect to any Person, any other Person who, directly or indirectly (including through one or more intermediaries), controls, is
controlled by, or is under common control with, such Person. For purposes of this Agreement, “control,” when used with
respect to any specified Person, shall mean the possession, direct or indirect, of the power to direct or cause the direction of
the management and policies of such Person, whether through ownership of voting securities, by contract or otherwise; and the terms
“controlling” and “controlled” shall have correlative meanings.

 

“Agreement” has the meaning
set forth in the Preamble.

 

“Beneficially Own,” “Beneficially
Owned,” or “Beneficial Ownership” shall have the meaning set forth in Rule 13d-3 of the rules and
regulations promulgated under the Exchange Act, except that for purposes of this Agreement (i) the words “within sixty
days” in Rule 13d-3(d)(1)(i) shall not apply, to the effect that a Person shall be deemed to be the beneficial owner of a
security if that Person has the right to acquire beneficial ownership of such security at any time and (ii) a Person shall
be deemed to Beneficially Own any security that, directly or indirectly, through any contract, arrangement, understanding, relationship,
or otherwise, is the subject of a derivative transaction entered into by such Person, or derivative security acquired by such Person,
which gives such Person the economic equivalent of ownership of an amount of such securities due to the fact that the value of
the derivative is explicitly determined by reference to the price or value of such securities; and, provided that, in determining
any Person’s Beneficial Ownership of Common Stock, such Person shall be deemed to Beneficially Own the aggregate number of
shares of Common Stock issuable upon conversion of all shares of the Preferred Stock Beneficially Owned by such Person as of the
determination date.

 

“Blackout Notice” has
the meaning set forth in Section 5.4.

 

“Blackout Period” has
the meaning set forth in Section 5.4.

 

“Board” means the board
of directors of the Company.

 

“Business Day” means
any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to be closed in New
York City, New York or in Seoul, the Republic of Korea.

 

“Capital Raising Transaction”
has the meaning set forth in Section 2.2(a).

 

“Capital Stock” means
the Preferred Stock, the Common Stock and any other equity securities or capital stock of the Company, whether authorized as of
or after the date hereof.

 

“Change of Control” means
(i) the consummation of any transaction or series of transactions which results in a single Person or Group of Persons owning
or controlling over fifty percent (50%) of the voting power of the Company’s Capital Stock effected by means of the
sale of stock, merger, consolidation, issuance of shares, reorganization, share exchange or other form of transaction or agreement,
other than any such transaction undertaken solely for the purpose of reincorporating the Company in a different jurisdiction, (ii) the
consummation of a merger or consolidation of the Company with any other Person, other than a merger or consolidation

 

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which would result in the holders of the
Voting Securities of the Company outstanding immediately prior thereto continuing to hold at least fifty percent (50%) of
the total voting power represented by the Voting Securities of the Company or the voting securities of such surviving entity or
its parent outstanding immediately after such merger or consolidation or (iii) a sale, transfer or other disposition of all
or substantially all of the Company’s assets to a single Person or a Group of Persons.

 

“Closing” has the meaning
set forth in the Framework Agreement.

 

“Common Stock” means the
common stock, par value $0.50 per share, of the Company.

 

“Company” has the meaning
set forth in the Preamble.

 

“Company Repurchase” has
the meaning set forth in Section 3.1.

 

“Convertible Securities”
means any Capital Stock, evidences of indebtedness, shares or other securities directly or indirectly convertible into or exchangeable
for Common Stock or other Equity Securities, but excluding Options.

 

“Corning Buyer” has the
meaning set forth in the Recitals.

 

“Demand Notice” has the
meaning set forth in Section 5.1(a).

 

“Demand Registration”
has the meaning set forth in Section 5.1(a).

 

“Effective Registration Date”
means the date on which any shares of the Common Stock are issued to the Shareholder upon conversion of the Preferred Stock.

 

“Eligible Transferee”
has the meaning set forth in Section 4.2(a).

 

“Equity Securities” means
the “equity securities” (as such term is defined in Rule 3a11-1 under the Exchange Act) of the Company.

 

“Excess Shares” has the
meaning set forth in Section 3.1.

 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated by the SEC from time to time thereunder.

 

“Framework Agreement”
has the meaning set forth in the Recitals.

 

“Fully Diluted Basis”
means, as of any date of determination and without duplication, (a) all issued and outstanding shares of Common Stock as of
such date and (b) all shares of Common Stock issuable upon conversion of any shares of Preferred Stock or any Convertible
Securities, whether or not such Preferred Stock or Convertible Securities are at the time convertible into Common Stock.

 

“Governmental Entity”
means any foreign, domestic, federal, territorial, state or local governmental entity, any quasi-governmental authority or entity,
any court, tribunal, judicial or arbitral body, commission, board, bureau, agency or instrumentality, any regulatory, self-regulated
or other non-governmental regulatory department, agency, authority or organization, or any political or other subdivision, department
or branch of any of the foregoing.

 

“Group” has the meaning
specified in Section 13(d)(3) of the Exchange Act.

 

“Holders” means the Shareholder
and any permitted Transferee in accordance with this Agreement of Registrable Securities.

 

“Issuer Free Writing Prospectus”
means an issuer free writing prospectus, as defined in Rule 433 under the Securities Act, relating to an offer of the Registrable
Securities.

 

“Law” means any statute,
law, code, ordinance, rule or regulation of any Governmental Entity.

 

“New Shares” has the meaning
set forth in Section 2.2(a).

 

“Option” means any right,
option or warrant to subscribe for, purchase or otherwise acquire Common Stock or Convertible Securities granted to the Company’s
directors, officers or employees and any other service providers.

 

“Ownership Cap” means
a Total Ownership Percentage of nine percent (9%).

 

“Participation Acceptance Notice”
has the meaning set forth in Section 2.2(b).

 

“Participation Acceptance Period”
has the meaning set forth in Section 2.2(a).

 

“Participation Notice”
has the meaning set forth in Section 2.2(a).

 

“Participation Right”
has the meaning set forth in Section 2.2(a).

 

“Parties” means the parties
to this Agreement.

 

“Person” means any individual,
corporation, partnership, limited partnership, limited liability company, joint venture, association, joint-stock company, trust,
unincorporated organization or other similar organization or entity.

 

“Preferred Stock” has
the meaning set forth in the Recitals.

 

“Prohibited Transferee”
has the meaning set forth in Section 4.1(b).

 

“Pro Rata Portion” means,
on any issuance date for New Shares, the number of New Shares equal to the product of (a) the total number of New Shares to
be issued by the Company on such date and (b) the fraction determined by dividing (i) the number of shares of Common
Stock owned by the Shareholder Group on such date immediately prior to such issuance (measured on a Fully Diluted Basis) by (ii) the
total number of shares of Common Stock outstanding on such date immediately prior to such issuance (measured on a Fully Diluted
Basis).

 

“Prospectus” means the
prospectus included in any Registration Statement (including a prospectus that discloses information previously omitted from a
prospectus filed as part of an effective Registration Statement in reliance upon Rule 430B promulgated under the Securities Act),
as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable
Securities covered by such Registration Statement, any Issuer Free Writing Prospectus related thereto, and all other amendments
and supplements to such prospectus, including post-effective amendments, and all material incorporated by reference or deemed to
be incorporated by reference in such prospectus.

 

“Registrable
Securities” means (i) Common Stock issued or issuable upon conversion of the Preferred Stock and (ii) any
securities issued directly or indirectly with respect to such shares described in clause (i) because of stock splits,
stock dividends, reclassifications, mergers, consolidations, or similar events. As to any particular Registrable Securities,
once issued such securities shall cease to be Registrable Securities when (x) a Registration Statement with respect to
the sale of such securities shall have become effective under the Securities Act and such securities shall have been disposed
of in accordance with such Registration Statement, (y) such securities shall have been sold pursuant to Rule 144 (or any
successor provision) under the Securities Act or (z) such securities shall have been redeemed or repurchased by the
Company.

 

“Registration”
refers to a registration effected by preparing and filing a Registration Statement and the declaration or ordering of the
effectiveness of such Registration Statement.

 

“Registration Expenses”
means all costs and expenses that are incurred by or at the direction of the Company in effecting any registration pursuant to
this Agreement, including all registration, qualification and filing fees of the SEC, applicable securities exchanges and/or the
Financial Industry Regulatory Authority, Inc., printing expenses, costs of furnishing copies of each preliminary prospectus, each
final prospectus and each amendment or supplement thereto to purchasers of the securities so registered, fees and expenses of the
Company’s transfer agent, road show costs, fees and disbursements of counsel for the Company, “Blue Sky” fees
and expenses, and expenses of any regular or special audits incident to or required by any such registration, but shall not include
Selling Expenses.

 

“Registration Period”
means a period beginning on the Effective Registration Date and ending on the earlier of (i) such time as all Capital Stock
which were Registrable Securities cease to be Registrable Securities; (ii) such time as the Shareholder Group Beneficially
Owns a number of Registrable Securities representing less than the greater of (x)

 

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zero point five percent (0.50%) of the Company’s Capital Stock on a Fully Diluted Basis and (y) a market value of at
least $200,000,000.00 in the aggregate; and (iii) the termination of this Agreement in accordance with the terms of Section 7.1.

 

“Registration Statement”
means any registration statement of the Company under the Securities Act which permits the public offering of any of the Registrable
Securities pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration
statement, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated
by reference in such registration statement.

 

“Representative” means,
as to any Person, the directors, managers, managing members, general partners, officers, employees, attorneys, investment banking
and financial advisors, independent accountants and any other agents and representatives of the Person.

 

“Rule 144” means Rule
144 under the Securities Act, as such rule may be amended from time to time, or any successor rule that may be promulgated by the
SEC.

 

“Samsung” has the meaning
set forth in the Recitals.

 

“SEC” means the United
States Securities and Exchange Commission.

 

“Securities Act” means
the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations thereunder, which shall
be in effect at the time.

 

“Selling Expenses” means
all underwriting discounts, selling commissions and similar fees, and stock transfer taxes applicable to the offer and/or sale
of Registrable Securities, and fees and disbursements of counsel for any Holder or underwriter.

 

“Selling Holder” means
each Holder of Registrable Securities included in a Registration pursuant to Article V.

 

“Shareholder” has the
meaning set forth in the Preamble.

 

“Shareholder Group” means
the Shareholder, Samsung and any Subsidiary or Affiliate of the Shareholder or Samsung.

 

“Standstill Agreement”
has the meaning set forth in the Recitals.

 

“Stock Equivalents” means,
collectively, any Option, warrant or other security or right that is by its terms, at the time of calculation, directly or indirectly,
convertible into or exchangeable or exercisable for shares of Common Stock; provided that Stock Equivalents shall not include
any Capital Stock.

 

“Subsidiary” means, with
respect to any Person, any other Person of which the first Person owns, directly or indirectly, securities or other ownership interests
having voting power to elect a majority of the board of directors or other Persons performing similar functions (or, if there are
no such voting interests, more than fifty percent (50.0%) of the equity interests of the second Person).

 

“Total Ownership Percentage”
means, with respect to any Person calculated at a particular point in time, the ratio, expressed as a percentage, of (a) the
shares of Common Stock, including any shares issuable upon conversion of Preferred Stock (whether or not then convertible), Beneficially
Owned by such Person, over (b) the total number of shares of Common Stock then outstanding on a Fully Diluted Basis.

 

“Transfer” means, with
respect to any security, any direct or indirect sale, assignment, pledge, transfer, hedge, encumbrance, hypothecation, securities
lending, voting agreement or other disposition, whether voluntary, by operation of Law or otherwise, thereof or therewith, whether
in a single transaction or a series of related transactions, or the entry into a definitive agreement with respect to any of the
foregoing (for the avoidance of doubt, whether such agreement is to be settled by delivery of shares of Capital Stock or Stock
Equivalents, in cash or otherwise); and “Transferee” means a Person to whom a Transfer is made or is proposed
to be made.

 

“Underwritten Offering”
means a sale of securities of the Company to an underwriter or underwriters for reoffering to the public.

 

“Violation” has the meaning
set forth in Section 5.5(a).

 

“Voting Securities” means
the Common Stock and/or any other securities of the Company entitled (whether pursuant to applicable Law or otherwise) to vote
on any matter, including in the election of directors of the Company.

 

	Section
    1.2     	Interpretation

 

For purposes of this Agreement:
(a) the words “include,” “includes” and “including” shall be deemed to be followed
by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words
“herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to
this Agreement as a whole. The definitions given for any defined terms in this Agreement shall apply equally to both the
singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. Unless the context otherwise requires, references herein: (x) to Articles and
Sections mean the Articles and Sections of this Agreement; (y) to an agreement, instrument or other document means such
agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by
the provisions thereof; and (z) to a statute means such statute as amended from time to time and includes any successor
legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any
presumption or rule requiring construction or interpretation against the Party drafting an instrument or causing any
instrument to be drafted.

 

	ARTICLE
    II     	Voting
    and Participation Rights

 

	Section 2.1     	Voting
    Rights

	 	 
	(a)	During the time this Agreement is in effect, the Shareholder shall take such action (and shall cause Samsung and each of its and Samsung’s Affiliates that Beneficially Own Voting Securities to take such action) (including, if applicable, through the execution of one or more written consents if shareholders of the Company are requested to vote through the execution of an action by written consent in lieu of any such annual or special meeting of shareholders of the Company) as may be required so that all Voting Securities Beneficially Owned 

 

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	 	by it (or any such Affiliate) from time to time are voted in the same manner (“for,” “against,” “withheld,” “abstain” or otherwise, with lost, damaged or disfigured ballots counting as abstentions to the extent that they cannot be counted as “for,” “against,” “withheld” or otherwise under applicable Law) as recommended by the Board to the other holders of Voting Securities; provided, however, that, except as provided in Section 3.1, the Shareholder or any of its Affiliates shall not be under any obligation to vote any shares of Common Stock held by them in accordance with the recommendation of the Board with respect to the approval (or non-approval) or adoption (or non-adoption) of a transaction that would result in a Change of Control of the Company or with respect to a matter the approval of which would materially adversely affect the Shareholder’s rights as a shareholder of the Company disproportionately to the other shareholders of the Company taken as a group (which for the avoidance of doubt shall not include any vote with respect to the election of directors, compensation matters or any “routine” matters). The Shareholder further agrees not to, and shall cause Samsung and each of its and Samsung’s Affiliates not to, take any other actions as a shareholder of the Company intended to or reasonably likely to, directly or indirectly, circumvent, avoid or nullify the voting arrangements required by this Section 2.1 and Section 3.1.
	 	 
	(b)	The Shareholder, as the holder(s) of Voting Securities, shall use its, and shall cause Samsung and each of its and Samsung’s Affiliates to use their, reasonable best efforts to be present, in person or by proxy, at all meetings of the shareholders of the Company so that all Voting Securities Beneficially Owned by it or them (or by any such Affiliate of the Shareholder or Samsung) from time to time may be counted for the purposes of determining the presence of a quorum at such meetings. The foregoing provision shall also apply to the execution by the Shareholder or any Affiliate of the Shareholder or Samsung, as the holder(s) of Voting Securities, of any written consent in lieu of a meeting of holders of Voting Securities or any class thereof.
	 	 
	(c)	In furtherance of this Section 2.1 and Section 3.1, the Shareholder shall, and shall cause its Affiliates, Samsung and Samsung’s Affiliates to, if and when requested by the Company from time to time, promptly execute and deliver to the Company an irrevocable proxy, substantially in the form of Exhibit A attached hereto, and irrevocably appoint the Company or its designees, with full power of substitution, its attorney, agent and proxy to vote (or cause to be voted) or to give consent with respect to, all of the Voting Securities as to which the Shareholder (or any Affiliates of the Shareholder or Samsung), is entitled to vote, in the manner and with respect to the matters set forth in this Section 2.1 and Section 3.1; provided, however, that in the event the Affiliates of the Shareholder and Samsung (for the avoidance of doubt, excluding the Shareholder and Samsung) collectively own less than one (1) percent of the outstanding Common Stock at such time, the Shareholder shall not have an obligation to cause its or Samsung’s Affiliates (other than Samsung and any of Samsung’s or the Shareholder’s Subsidiaries) to deliver the foregoing irrevocable proxy. The Shareholder acknowledges, and shall cause its Affiliates, Samsung and Samsung’s Affiliates to acknowledge, that any such proxy executed and delivered shall be coupled with an interest, shall constitute, among other things, an inducement for the Company to enter into this Agreement, shall be irrevocable and binding on any successor in interest of such Shareholder (or any Affiliate of the Shareholder or Samsung), as applicable, and shall not be terminated by operation of Law upon the occurrence of any event, except that such proxy shall terminate and be of no further effect upon the valid termination of this Agreement. Such proxy shall operate to revoke and render void any prior proxy as to any Voting Securities heretofore granted by such Shareholder (or any Affiliate of the Shareholder or Samsung), as applicable, to the extent it is inconsistent with such proxy.
	 	 

	Section 2.2     	Participation
    Rights

	 	 
	(a)	If the Company proposes to issue any new Capital Stock in connection with a Capital Raising Transaction (the “New Shares”), unless prohibited by applicable law or the rules and regulations of the New York Stock Exchange or any other securities exchange on which the Company’s securities are listed or trading, the Company shall use reasonable best efforts to provide a notice in writing (the “Participation Notice”) to the Shareholder at least seven (7) days prior to engaging in such Capital Raising Transaction and shall allow the Shareholder to participate in such offering based on its Pro Rata Portion of such New Shares on the same terms as such New Shares are to be offered in such offering (each such right, a “Participation Right”); provided that if the Company does not provide a Participation Notice at least seven (7) days prior to engaging in a Capital Raising Transaction, (i) the Company shall provide the Participation Notice to the Shareholder as soon as practicable thereafter, (ii) if the Participation Notice was provided to the Shareholder prior to the closing of the Capital Raising Transaction, the Company shall (A) use reasonable best efforts to enable the Shareholder to exercise its Participation Right in such Capital Raising Transaction or (B) if such Capital Raising Transaction has closed without the Shareholder’s participation therein, enable the Shareholder to receive substantially equivalent securities as were issued in such Capital Raising Transaction (which securities shall have no worse rights as to liquidation and dividends than the New Shares) (provided that, in each case, the Company shall not be required to delay closing of such Capital Raising Transaction) and (iii) if the Participation Notice was provided to the Shareholder after the closing of the Capital Raising Transaction, the Company shall enable the Shareholder to receive substantially equivalent securities as were issued in such Capital Raising Transaction (which securities shall have no worse rights as to liquidation and dividends than the New Shares) (in the case of sub-clauses (ii)(B) and (iii) above, the Participation Notice and Participation Right shall be deemed to refer and apply to such substantially equivalent securities rather than New Shares subject to the Capital Raising Transaction). Regardless of whether or not the Participation Notice was delivered prior to or after the closing of the Capital Raising Transaction as described in the Participation Notice, the Shareholder shall have seven (7) days from the date the Participation Notice was delivered to the Shareholder to deliver to the Company the Participation Acceptance Notice pursuant to Section 2.2(b) (such seven (7) day period during which the Shareholder has a Participation Right (including the right to receive substantially equivalent securities) is referred to as the “Participation Acceptance Period”); provided, however, that any acquisition or acquisitions of Capital Stock pursuant to the Participation Right shall not cause the Total Ownership Percentage of the Shareholder Group to exceed the Ownership Cap. A “Capital Raising Transaction” shall mean any issuance of shares of Common Stock or other securities of any type whatsoever (for the avoidance of doubt excluding a distribution of rights pursuant to a shareholder rights plan issued for no consideration) that are or may become convertible or exchangeable into shares of Common Stock, other than in a private transaction with a Person that (i) alone or with or through its Affiliates has (or will have in connection with a Capital Raising Transaction) a strategic relationship (including, for the avoidance of doubt, commercial relationships with customers, suppliers, vendors, distributors, etc.) with the Company or any of its Affiliates and (ii) is not acting as an initial
purchaser for further distribution of such securities. Notwithstanding the foregoing, (A) a Capital Raising Transaction shall not include any issuance of shares of Common Stock or other securities (x) in connection with an acquisition, merger, share exchange, business combination or similar transaction by or involving the Company or any of its Affiliates 

 

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	 	or (y) in connection with director and employee compensation or incentive plans of the Company or any of its Affiliates, and (B) with respect to shares of Common Stock sold in any underwritten public offering, the Company or the underwriters for such offering shall have no obligation pursuant to this Section 2.2 (including any obligation to give notice or reserve any securities or be required to allow the Shareholder to subscribe for any securities). Notwithstanding anything in this Agreement to the contrary, a Capital Raising Transaction that involves solely the issuance of Common Stock shall not require the delivery of the Participation Notice and the Shareholder shall not have a Participation Right with respect to such issuance.
	 	 
	(b)	The Participation Notice shall specify (i) the number and type of New Shares to be issued (or that were issued), (ii) the date on which the Company proposes to issue the New Shares (or the date the Company issued the New Shares), (iii) the price per New Share and the terms and conditions on which the New Shares will be available for subscription (or were subscribed for), and (iv) the Participation Acceptance Period. If the Shareholder desires to subscribe to New Shares, it shall notify the Company in writing within the Participation Acceptance Period of the number of New Shares it wishes to purchase at the price and on the terms described in the Participation Notice, which number shall not exceed both the Shareholder’s Pro Rata Portion or cause the Shareholder Group’s Total Ownership Percentage to exceed the Ownership Cap (the “Participation Acceptance Notice”). The Participation Acceptance Notice shall be binding and irrevocable.
	 	 
	(c)	If the Shareholder fails to submit the Participation Acceptance Notice to the Company during the Participation Acceptance Period or submits the Participation Acceptance Notice to the Company indicating its desire to purchase less than its Pro Rata Portion, then the Company shall be entitled to offer any unsubscribed New Shares to any third party at the same price and on the same terms and conditions set forth in the Participation Notice.
	 	 
	(d)	In the event that the issuance of New Shares in full to the Shareholder pursuant to this Section 2.2 would require the approval by the Company’s shareholders under applicable Law or the rules of the New York Stock Exchange and the Company does not seek and obtain such approval (for the avoidance of doubt, the Company shall have no obligation to seek or obtain such approval), (i) the excess amount of such New Shares to the extent otherwise triggering such shareholder approval requirement will be excluded from the total number of New Shares that the Shareholder would otherwise have a right to purchase pursuant to this Section 2.2 and (ii) the Shareholder shall instead be permitted to acquire up to a number of shares of Common Stock, that would, in the aggregate, result, after giving effect to such open market transactions, in the Shareholder’s Beneficial Ownership of Common Stock being equal to what the Shareholder’s Beneficial Ownership of Common Stock would have been had New Shares been issued in full pursuant to this Section 2.2 to the Shareholder in the absence of such shareholder approval requirement.
	 	 
	(e)	The Shareholder agrees that all information provided by the Company to the Shareholder pursuant to this Section 2.2 (other than such information that is disclosed to the general public by or on behalf of the Company) shall be treated by the Shareholder and its Affiliates as confidential information and shall not be disclosed by the Shareholder and its Affiliates to any third party without the prior written consent of the Company, except (i) as required by applicable Law or the rules of any securities exchange or market and (ii) to their agents, representatives and advisors retained in relation to the participation in the Capital Raising Transaction (only to the extent necessary to perform the duties of such agents, representatives and advisors and only if such agents, representatives and advisors agree to keep such information confidential and the Shareholder remains liable for any breach of this provision by any such agents, representatives or advisors).

 

	ARTICLE
    III     	Required
    Dispositions

 

	Section 3.1     	Required
    Dispositions; Required Voting

 

If, during the time this Agreement is in
effect, the Total Ownership Percentage of the Shareholder Group exceeds the Ownership Cap at any time, the Shareholder shall promptly
provide written notice of such excess to the Company and promptly dispose of, cause Samsung to dispose of, or use reasonable best
efforts to cause the other members of the Shareholder Group to promptly, and in no event later than (a) six (6) months
after the Shareholder or Samsung becomes aware that the Ownership Cap has been exceeded as a result of ownership of Capital Stock
by an Affiliate (other than a Subsidiary) of the Shareholder or Samsung and (b) three (3) months after the Shareholder
or Samsung becomes aware that the Ownership Cap has been exceeded as a result of ownership of Capital Stock by a Subsidiary of
the Shareholder or Samsung, dispose of, such number of shares of Common Stock owned by any member of the Shareholder Group as shall
be necessary to reduce the Total Ownership Percentage of the Shareholder Group to no more than the Ownership Cap; provided
that any such required disposition shall be subject to the transfer restrictions under Section 4.1. The foregoing notwithstanding,
if at any time during the term of this Agreement the Total Ownership Percentage of the Shareholder Group exceeds the Ownership
Cap immediately after a repurchase of Common Stock by the Company pursuant to a tender offer, open market purchases or otherwise
(a “Company Repurchase”), then the Shareholder shall, within twelve (12) months after the date the Shareholder
receives from the Company a written notice of such Company Repurchase, (a) dispose of, or (b) cause the other members
of the Shareholder Group to dispose of, such number of shares of Common Stock owned by the Shareholder Group as shall be necessary
to reduce the Total Ownership Percentage of the Shareholder Group to no more than the Ownership Cap; provided that any such
required disposition shall be subject to the Transfer restrictions under Section 4.1. For the avoidance of doubt, the dispositions
required under this Section 3.1 shall not require any member of the Shareholder Group to dispose of any shares of Preferred
Stock. Notwithstanding anything in this Agreement to the contrary, the Shareholder shall, shall cause its Affiliates and Samsung
and Samsung’s Affiliates to, vote all Voting Securities Beneficially Owned by each of them in excess of the Ownership Cap
(the “Excess Shares”) and all Breach Shares (as defined in the Standstill Agreement) Beneficially Owned by each
of them, at any meeting of shareholders (or action by written consent in lieu of any such meeting) as recommended by the Board
(including, notwithstanding the provisions of Section 2.1, voting in accordance with the Board’s recommendation with
respect to any Change of Control proposal or Change of Control transaction or for any other matter).

 

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	ARTICLE
    IV     	Transfers

 

	Section 4.1     	Transfer
    Restrictions
	 	 

	(a)	Each of the Shareholder and any permitted Transferee of the Shareholder pursuant to this Agreement shall not, and the Shareholder and any such permitted Transferee of the Shareholder shall cause each other member of the Shareholder Group not to, Transfer any shares of Preferred Stock to any Person without the prior written consent of the Company (which consent may be given or withheld, or made subject to such conditions as are determined by the Company, in its sole discretion) other than in accordance with the terms and conditions of Section 4.2.
	 	 
	(b)	Each of the Shareholder and any permitted Transferee of the Shareholder pursuant to this Agreement shall not, and the Shareholder and any such permitted Transferee of the Shareholder shall cause each other member of the Shareholder Group not to, Transfer any shares of Common Stock to any Person or Group of Persons that, to the knowledge of any member of the Shareholder Group, after reasonable inquiry, would immediately following the consummation of such Transfer Beneficially Own, together with its Affiliates, a number of shares of Common Stock representing more than five percent (5%) of the Common Stock outstanding at such time (any such person, a “Prohibited Transferee”); provided, however, that the restrictions under this Section 4.1(b) shall not apply to Transfers effected through a bona fide Underwritten Offering pursuant to an exercise of the registration rights provided in Article V so long as the Holder effecting any such Transfers shall instruct the managing underwriter(s) of any such Underwritten Offering to exclude (as a Transferee) Prohibited Transferees from such Underwritten Offering.
	 	 
	(c)	Any purported Transfer that is not in accordance with the terms and conditions of this Article IV shall be, to the fullest extent permitted by Law, null and void ab initio and, in addition to other rights and remedies at Law and in equity, the Company shall be entitled to injunctive relief enjoining the prohibited action.

 

	Section 4.2     	Exceptions

 

Notwithstanding the provisions of Section 4.1,
the Shareholder may at any time Transfer any or all of its shares of the Preferred Stock:

 

	(a)	to a Subsidiary or the immediate parent entity of the Shareholder or their respective Subsidiaries which enters into a joinder agreement to the Shareholder Agreement agreeing to be bound by the terms of this Agreement applicable to the Shareholder as if it were a party hereto (an “Eligible Transferee”); provided, however, that in the event that any such Eligible Transferee that owns the Preferred Stock ceases to be a Subsidiary or immediate parent entity of the Shareholder or their respective Subsidiaries, then such Person shall immediately Transfer the Preferred Stock held by it to an Eligible Transferee in accordance with this Agreement and the prior Transfer to such Person shall be, to the fullest extent permitted by Law, null and void ab initio ; or
	 	 
	(b)	to another Person pursuant to any merger, tender or exchange offer to acquire Common Stock or recapitalization that, in each case, the Board has approved and/or recommended to the Company’s shareholders.

 

	Section 4.3     	Legend
    on Securities

 

	(a)	Each certificate representing shares of the Preferred Stock and the Common Stock issued to the Shareholder and subject to the terms of this Agreement shall bear the following legend on the face thereof:
	 	 
	“THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE BEEN ISSUED AND SOLD WITHOUT REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES (A “STATE ACT”) IN RELIANCE UPON CERTAIN EXEMPTIONS FROM REGISTRATION UNDER SAID ACTS. THE SECURITIES EVIDENCED BY THIS CERTIFICATE CANNOT BE SOLD, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS SUCH SALE, ASSIGNMENT OR OTHER TRANSFER IS (I) MADE PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH EACH APPLICABLE STATE ACT OR (II) EXEMPT FROM, OR NOT SUBJECT TO, THE SECURITIES ACT AND EACH APPLICABLE STATE ACT. IF THE PROPOSED SALE, ASSIGNMENT OR OTHER TRANSFER WILL BE MADE PURSUANT TO CLAUSE (II) ABOVE, THE HOLDER MUST, PRIOR TO SUCH SALE, ASSIGNMENT OR OTHER TRANSFER, FURNISH TO THE ISSUER SUCH CUSTOMARY CERTIFICATIONS, LEGAL OPINIONS AND OTHER INFORMATION AS THE ISSUER MAY REASONABLY REQUIRE TO DETERMINE THAT SUCH SALE, ASSIGNMENT OR OTHER TRANSFER IS BEING MADE IN ACCORDANCE WITH SUCH CLAUSE.
	 	 
	THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND CERTAIN OTHER LIMITATIONS SET FORTH IN A CERTAIN SHAREHOLDER AGREEMENT DATED AS OF OCTOBER 22, 2013, BETWEEN CORNING INCORPORATED (THE “COMPANY”) AND SAMSUNG DISPLAY CO., LTD., AS THE SAME MAY BE AMENDED FROM TIME TO TIME (THE “AGREEMENT”), COPIES OF WHICH AGREEMENT ARE ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.”

 

	(b)	The Company may make a notation on its records or give instructions to any transfer agents or registrars for the Preferred Stock and the Common Stock in order to implement the restrictions on Transfer set forth in this Agreement.
	 	 
	(c)	In connection with any Transfer of shares of the Preferred Stock and the Common Stock, prior to the registrations thereof, the Shareholder shall provide the Company with such customary certificates, opinions and other documents as the Company may reasonably request to assure that such Transfer complies fully with this Agreement and with applicable securities and other Laws.

 

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	ARTICLE V     	Registration Rights

 

	Section 5.1     	Demand Registrations

 

	(a)	Subject to Sections 5.1(c) and (e), 5.2 and 5.4, at any time and from time to time during
    the Registration Period, the Shareholder shall have the right by delivering a written notice to the Company (a “Demand
    Notice”) to require the Company to, pursuant to the terms of this Agreement, use its reasonable best efforts to
    register under and in accordance with the provisions of the Securities Act a number of Registrable Securities Beneficially
    Owned by the Shareholder Group and requested by such Demand Notice to be so registered (a “Demand Registration”)
    having a market value of least $100,000,000.00 in the aggregate as of the trading day immediately prior to the date of delivery
    of a Demand Notice. A Demand Notice shall also specify the expected method or methods of disposition of the applicable Registrable
    Securities.
	 	 
	(b)	Following receipt of a Demand Notice, the Company shall use its reasonable best efforts to
    file, as promptly as reasonably practicable, a Registration Statement (including, without limitation, on Form S-3 (or any
    comparable or successor form or forms or any similar short-form registration) by means of a shelf registration pursuant to
    Rule 415 under the Securities Act, if so requested by the Shareholder and the Company is then eligible to use such a registration
    and if there is no then-currently effective shelf registration statement on file with the SEC that would cover all the Registrable
    Securities requested to be registered) (or amend an existing Registration Statement if there is a then-effective shelf registration
    statement on file with the SEC that would cover all the Registrable Securities requested to be registered) relating to the
    offer and sale of the Registrable Securities requested to be included therein by the Shareholder and the Company shall use
    its reasonable best efforts to cause such Registration Statement to be declared effective under the Securities Act as promptly
    as practicable after the filing thereof; provided, however, that before filing a Registration Statement or Prospectus
    or any amendments or supplements thereto, the Company shall furnish or otherwise make available to the Shareholder, its counsel
    and the managing underwriter(s), if any, copies of all such documents proposed to be filed (including all exhibits thereto)
    with the SEC reasonably in advance of any filing to permit a reasonable opportunity for the Shareholder, its counsel and the
    managing underwriter(s) to review and comment in light of the circumstances, and the Company shall in good faith consider
    any such comments.
	 	 
	(c)	The Shareholder Group shall collectively be entitled to request no more than four (4) Demand
    Registrations from the Company; provided that in no event shall the Company be required to effect more than two (2)
    Demand Registrations in any eighteen (18)-month period.
	 	 
	(d)	At any time that a Demand Registration involves an Underwritten Offering, the Selling Holders
    holding a majority of the Registrable Securities subject to such Demand Registration and the Company shall jointly select
    nationally recognized and top tier investment banker(s) and/or manager(s) that will serve as managing underwriter(s) (and
    the Company shall select which such managing underwriters will serve as lead or co-lead) and other underwriter(s) with respect
    to the offering of such Registrable Securities.
	 	 
	(e)	Notwithstanding anything to the contrary contained herein, the Company shall not be obligated
    to effect, or be obligated to take any action to effect, any registration of Registrable Securities upon receipt of a Demand
    Notice pursuant to this Section 5.1 for a period of up to one hundred and twenty (120) days after the effective date of a
    Company-initiated registration (other than: (i) a registration relating to the sale of securities to employees of the Company
    or a subsidiary pursuant to a stock option, stock purchase, or similar plan; (ii) a registration on any form that does not
    include substantially the same information as would be required to be included in a registration statement covering the sale
    of the Registrable Securities; or (iii) a registration in which the only Common Stock being registered is Common Stock issuable
    upon conversion of debt securities that are also being registered); provided that the Company is actively employing
    in good faith its reasonable best efforts to cause such registration statement to become effective; and provided further
    that the Company may not invoke this right more than twice in any eighteen (18) month period.

 

	Section 5.2     	Registration Procedures

 

If and whenever the Company is required to
use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in
this Article V, the Company shall effect such registration to permit the sale of such Registrable Securities in accordance with
the intended method or methods of disposition thereof, and pursuant thereto the Company shall cooperate in the sale of the securities
and shall, as promptly as practicable (in each case subject to Section 5.1):

 

	(a)	Use its reasonable best efforts to prepare and file with the SEC such amendments
    and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement continuously
    effective until the earlier of (i) ninety (90) days after the first date of such effectiveness and (ii) such time as all of
    the securities covered by such Registration Statement have been disposed; and use its reasonable best efforts to comply in
    all material respects with the provisions of the Securities Act with respect to the disposition of all securities covered
    by such Registration Statement, and use its reasonable best efforts to cause the related Prospectus to be supplemented by
    any Prospectus supplement or Issuer Free Writing Prospectus as may be necessary to comply with the provisions of the Securities
    Act with respect to the disposition of the securities covered by such Registration Statement, and as so supplemented use its
    reasonable best efforts to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act.
	 	 
	(b)	Notify each Selling Holder and the managing underwriter(s), if any, promptly, (i) when a Prospectus
    or any Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment has been filed, and, with respect
    to a Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the
    SEC or any other Governmental Entity for amendments or supplements to a Registration Statement or related Prospectus or Issuer
    Free Writing Prospectus or for additional information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness
    of a Registration Statement or the initiation of any proceedings for that purpose, (iv) of the receipt by the Company of any
    notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable
    Securities for sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and (v) of the
    existence of any fact of

 

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	 	which the Company is or becomes aware that makes any statement made in such Registration
    Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference or any Issuer
    Free Writing Prospectus related thereto untrue in any material respect or that requires the making of any changes in such
    Registration Statement, Prospectus, documents or Issuer Free Writing Prospectus so that, in the case of the Registration Statement,
    it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
    or necessary to make the statements therein, not misleading, and that in the case of any Prospectus or Issuer Free Writing
    Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order
    to make the statements therein, in the light of the circumstances under which they were made, not misleading.
	 	 
	(c)	Use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness
    of a Registration Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any
    of the Registrable Securities for sale in any jurisdiction at the reasonably earliest practical date.
	 	 
	(d)	Furnish or make available to each Selling Holder, and each managing underwriter, if any, upon
    request, such reasonable number of conformed copies of the Registration Statement and each post-effective amendment thereto,
    including financial statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by
    reference, and all exhibits, unless requested in writing by such Holder, counsel or managing underwriter(s)), and such other
    documents, as such Holders or such managing underwriter(s) may reasonably request in order to facilitate the public sale or
    other disposition of Registrable Securities owned by such Selling Holders.
	 	 
	(e)	Deliver to each Selling Holder, and the managing underwriter(s), if any, without charge, as
    many copies of the Prospectus or Prospectuses (including each form of Prospectus and any Issuer Free Writing Prospectus related
    to any such Prospectuses) and each amendment or supplement thereto as such Persons may reasonably request in connection with
    the distribution of the Registrable Securities; and the Company, subject to the last paragraph of this Section 5.2, hereby
    consents to the use of such Prospectus and each amendment or supplement thereto by each of the Selling Holders and the managing
    underwriter(s), if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus
    and any such amendment or supplement thereto.
	 	 
	(f)	Prior to any public offering of Registrable Securities, use its reasonable best efforts to
    register or qualify or cooperate with the Selling Holders, the managing underwriter(s), if any, and their respective counsel
    in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable
    Securities for offer and sale under the securities or “Blue Sky” laws of such jurisdictions within the United
    States as any Selling Holder or managing underwriter(s) reasonably requests in writing and to keep each such registration
    or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept effective
    and use its reasonable best efforts to take any other action that may be necessary or advisable to enable such Selling Holders
    to consummate the disposition of such Registrable Securities in such jurisdiction; provided, however, that,
    except as may be required by the Securities Act, the Company will not be required to (i) qualify generally to do business
    in any jurisdiction where it is not then so qualified, (ii) subject itself to taxation in any such jurisdiction or (iii) take
    any action that would subject it to general service of process in any such jurisdiction where it is not then so subject.
	 	 
	(g)	Cooperate with the Selling Holders and the managing underwriter(s), if any, to facilitate
    the timely preparation and delivery of certificates (not bearing any legends) representing Registrable Securities to be sold
    after receiving written representations from each Selling Holder that the Registrable Securities represented by the certificates
    so delivered by such Selling Holder will be transferred in accordance with the Registration Statement, and enable such Registrable
    Securities to be in such denominations and registered in such names as the managing underwriter(s), if any, or the Selling
    Holders, may reasonably request at least four (4) Business Days prior to any sale of Registrable Securities.
	 	 
	(h)	Use its reasonable best efforts to cause the Registrable Securities covered by the Registration
    Statement to be registered with or approved by such other Governmental Entities within the United States, except as may be
    required solely as a consequence of the nature of such Selling Holder’s business, in which case the Company will cooperate
    in all reasonable respects with the filing of such Registration Statement and the granting of such approvals, as may be necessary
    to enable the Selling Holders thereof or the managing underwriter(s), if any, to consummate the disposition of such Registrable
    Securities.
	 	 
	(i)	Upon the occurrence of any event contemplated by Section 5.2 (b)(ii), (b)(iii), (b)(iv) or
    (b)(v) above, use its reasonable best efforts to prepare a supplement or post-effective amendment to the Registration Statement
    or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference or
    an Issuer Free Writing Prospectus related thereto, or use its reasonable best efforts to file any other required document
    so that, as thereafter delivered to the Selling Holders, such Prospectus will not contain an untrue statement of a material
    fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light
    of the circumstances under which they were made, not misleading.
	 	 
	(j)	Except to the extent prohibited by applicable Law and upon execution of a customary
    confidentiality agreement, promptly make available for inspection by the Representatives of the Selling Holders, the managing
    underwriter(s), if any, and any attorneys or accountants retained by such Selling Holders or managing underwriter(s), at the
    offices where normally kept, during reasonable business hours, financial and other records, pertinent corporate documents
    and properties of the Company and its Subsidiaries, as shall be reasonably necessary or advisable to enable them to exercise
    their due diligence responsibility, and cause the officers, directors, employees of the Company to supply, and use reasonable
    best efforts to cause the independent accountants of the Company to supply, information in each case reasonably requested
    by any such Representative, managing underwriter(s), attorney or accountant in connection with such Registration Statement.
	 	 
	(k)	Provide a transfer agent and registrar for all Registrable Securities covered by the Registration
    Statement and a CUSIP number (which could be an existing CUSIP number) for all such Registrable Securities, in each case not
    later than the effective date of such Registration Statement.
	 	 
	(l)	Enter into such customary agreements and take all such other reasonable and customary actions
    (in each case in form and substance reasonably acceptable to the Company) in connection therewith in order to expedite or
    facilitate the disposition of all Registrable Securities covered by the Registration Statement, and to the extent required
    by the managing underwriter(s), to cause the Company’s management to participate by telephone (unless the Company otherwise
    agrees), on a customary basis, in a customary road show of reasonable duration arranged by the managing underwriter(s) with
    prospective investors; provided, however, that the scheduling of any such road show shall not unreasonably interfere
    with the normal operations of the business of the Company.
	 	 
	(m)	In connection with any Underwritten Offering, enter into and perform its obligations under
    an underwriting agreement reasonably necessary to effect the offer and sale of the Registrable Securities covered by the Registration
    Statement, in such form and containing such provisions as are customary for underwritten offerings of the

 

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	 	type proposed (which underwriting agreement shall be in form and substance reasonably
    acceptable to the Company).
	 	 
	(n)	Obtain a comfort letter from the Company’s independent registered public accounting
    firm(s) in customary form and covering such matters of the type customarily covered by comfort letters as the holders of a
    majority of the Registrable Securities being sold may reasonably request.
	 	 
	(o)	Provide a legal opinion of the Company’s counsel, dated the effective date of the Registration
    Statement (or, in connection with any Underwritten Offering, the date of the closing under the applicable underwriting agreement),
    with respect to such Registration Statement, each amendment and supplement thereto, the Prospectus included therein (including
    the preliminary Prospectus) and such other documents relating thereto in customary form and covering such matters of the type
    customarily covered by legal opinions of such nature.
	 	 
	(p)	Cause all Registrable Securities covered by the Registration Statement to be listed or quoted
    on each securities exchange or quotation system on which similar securities issued by the Company are then listed or quoted.

 

The Company may require each Selling Holder
to furnish to the Company in writing such information required in connection with such Registration regarding such Selling Holder
and the distribution of such Registrable Securities as the Company may, from time to time, reasonably request in writing and the
Company may exclude from such Registration the Registrable Securities of any Selling Holder who fails to furnish such information
within a reasonable time after receiving such request.

 

Each Selling Holder agrees that, upon receipt
of any notice from the Company of the occurrence of any event of the kind described in Section 5.2(b)(ii), (b)(iii) or (b)(v) hereof,
such Holder will forthwith discontinue disposition of such Registrable Securities covered by such Registration Statement or Prospectus
until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 5.2(i), or until
it is advised in writing by the Company that the use of the applicable Prospectus may be resumed, and has received copies of any
additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus; provided,
however, that the Company shall extend the time periods under this Section 5.2 with respect to the length of time that the
effectiveness of a Registration Statement must be maintained by the amount of time the Holder is required to discontinue disposition
of such securities.

 

	Section 5.3     	Registration Expenses

 

All Registration Expenses incurred in connection
with registrations pursuant to this Article V shall be borne and paid by the Company. All Selling Expenses shall be borne by the
Selling Holders.

 

	Section
    5.4     	Blackout Periods

 

Notwithstanding anything in this Agreement
to the contrary, with respect to any Registration Statement, or amendment or supplement thereto, whether filed or to be filed pursuant
to this Agreement, if the Company delivers to the Holders whose sales of Registrable Securities are covered (or to be covered)
by such Registration Statement a notice signed by the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer
or General Counsel (or other Person holding a similar position) of the Company (a “Blackout Notice”) stating
that, in the good faith judgment of the General Counsel (or other Person holding a similar position) of the Company, maintaining
the effectiveness of such Registration Statement or filing an amendment or supplement thereto (or, if no Registration Statement
has yet been filed, the filing of such a Registration Statement) would reasonably likely (i) require the public disclosure of material
non-public information concerning any material development, state of facts, transaction or negotiations involving the Company or
any of its Subsidiaries, (ii) require the public disclosure of material non-public information concerning the Company at a time
when its directors and executive officers are restricted from trading in the Company’s securities pursuant to a Company policy
with respect to “black-out periods” or (iii) would adversely affect or jeopardize, in each case in any material respect,
a significant acquisition, corporate reorganization, or other similar transaction involving the Company, then the Company shall
have the right to defer taking action with respect to such filing (including maintaining the effectiveness of such Registration
Statement or filing an amendment or supplement thereto (or, if no Registration Statement has yet been filed, the filing of such
a Registration Statement)) for a reasonable period of not more than ninety (90) days (a “Blackout Period”);
provided that the Company may not invoke this right more than 120 days in the aggregate in any consecutive twelve (12) month
period; and, provided, further that the Company shall not register any securities for its own account or that of
any other shareholder during any Blackout Period, other than: pursuant to (A) a registration relating to the sale of securities
to employees of the Company or a subsidiary pursuant to a stock option, stock purchase or similar plan; (B) a registration on any
form that does not include substantially the same information as would be required to be included in a registration statement covering
the sale of the Registrable Securities; or (C) a registration in which the only Common Stock being registered is Common Stock issuable
upon conversion of debt securities that are also being registered. Upon the receipt of any such Blackout Notice, during the Blackout
Period set forth in such notice, the Holders shall forthwith discontinue use of the prospectus contained in any effective Registration
Statement.

 

	Section
    5.5     	Indemnification

 

In the event any Registrable Securities are
included in a Registration Statement under this Agreement:

 

	(a)	The Company shall indemnify and hold harmless each Holder including Registrable
    Securities in any such Registration Statement, any underwriter (as defined in the Securities Act) for such Holder and each
    Person, if any, who controls such Holder or underwriter within the meaning of Section 15 of the Securities Act or Section
    20 of the Exchange Act and the partners, members, officers, directors, owners, agents and employees of such controlling Persons,
    against any and all losses, claims, damages or liabilities (joint or several) to which any of the foregoing Persons may become
    subject under any securities Laws including, without limitation, the Securities Act, the Exchange Act, or any other statute
    or common Law of the United States or any other country or political subdivision thereof, or otherwise, and shall promptly
    reimburse them, as and when incurred, for any reasonable, actual and documented legal or other expenses incurred by them in
    connection with investigating any claims and defending any actions or proceedings, insofar as any such losses, claims, damages

 

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	 	or liabilities (or actions or proceedings in respect thereof) arise out of or are based upon
    any of the following statements, omissions or violations (each, a “Violation”): (i) any untrue statement
    or alleged untrue statement of a material fact contained in or incorporated by reference into such Registration Statement,
    including any preliminary prospectus or final prospectus contained therein or any free writing prospectus or any amendments
    or supplements thereto, or in any offering memorandum or other offering document relating to the offering and sale of such
    securities, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary
    to make the statements therein not misleading or (iii) any violation or alleged violation by the Company (or any of its agents
    or Affiliates) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under
    the Securities Act, the Exchange Act or any state securities law; provided, however, the Company shall not be
    liable in any such case for any such loss, claim, damage, liability, action or proceeding to the extent that it (A) arises
    out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished by
    or on behalf of any such Holder, underwriter, controlling Person or other aforementioned Person expressly for use in connection
    with such registration by such Holder; or (B) is caused by such Holder’s disposition of Registrable Securities during
    any period during which such Holder is obligated to discontinue any disposition of Registrable Securities pursuant to this
    Agreement or as a result of any stop order suspending the effectiveness of any registration statement or prospectus with respect
    to Registrable Securities (provided that the Company has notified the Holder of the issuance by the SEC of such stop order
    prior to the time the Holder disposed of such Registrable Securities); and provided, further, however,
    that the indemnity agreement contained in this Section 5.5 (a) shall not apply to amounts paid in settlement of any such loss,
    claim, damage, liability, action or proceeding if such settlement is effected without the written consent of the Company,
    which consent shall not be unreasonably withheld.
	 	 
	(b)	Each Holder including Registrable Securities in any such Registration Statement shall indemnify
    and hold harmless the Company, each of its directors, each of its officers who has signed the Registration Statement, each
    Person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
    Act and the partners, members, officers, directors, owners, agents and employees of such controlling Persons, any underwriter,
    any other Person selling securities in such registration statement and any controlling Person of any such underwriter or other
    Person, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing Persons may become
    subject under any securities Laws including, without limitation, the Securities Act, the Exchange Act, or any other statute
    or common Law of the United States or any other country or political subdivision thereof, or otherwise, and shall promptly
    reimburse them, as and when incurred, for any reasonable, actual and documented legal or other expenses incurred by them in
    connection with investigating any claims and defending any actions or proceedings, insofar as any such losses, claims, damages
    or liabilities (or actions or proceedings in respect thereof) (i) which arise out of or are based upon a Violation which occurs
    in reliance upon and in conformity with written information furnished by or on behalf of any such Holder, underwriter, controlling
    Person or other aforementioned Person expressly for use in connection with such registration by such Holder, or (ii) which
    is caused by such Holder’s disposition of Registrable Securities during any period during which such Holder is obligated
    to discontinue any disposition of Registrable Securities pursuant to this Agreement or as a result of any stop order suspending
    the effectiveness of any registration statement or prospectus with respect to Registrable Securities (provided that the Company
    has notified the Holder of the issuance by the SEC of such stop order prior to the time such Holder disposed of such Registrable
    Securities); provided, however, that the indemnity agreement contained in this Section 5.5(b) shall not apply
    to amounts paid in settlement of any such loss, claim, damage, liability, action or proceeding if such settlement is effected
    without the written consent of the Holder, which consent shall not be unreasonably withheld; and provided further that,
    in the absence of fraud or intentional misrepresentation, the aggregate amounts payable by any Holder by way of indemnity
    or contribution under Sections 5.5(a) and (d) shall not exceed the net proceeds from the offering received by such Holder
    from the sale of Registrable Securities giving rise to such indemnification obligation.
	 	 
	(c)	Promptly after receipt by an indemnified Party under this Section 5.6 of written notice of
    the commencement of any action or proceeding for which indemnification under Section 5.5(a) or Section 5.5(b) may be requested,
    such indemnified Party shall notify such indemnifying Party in writing of the commencement of such action or proceeding. Such
    indemnifying Party shall have the right to participate in, and, to the extent the indemnifying Party so desires, jointly with
    any other indemnifying Party similarly noticed, to assume the defense thereof, with counsel reasonably satisfactory to such
    indemnified Party, and, after notice from the indemnifying Party to such indemnified Party of its election to so assume the
    defense thereof, such indemnifying Party shall not be liable to such indemnified Party for any legal or any other expenses
    subsequently incurred by such indemnified Party in connection with the defense thereof other than reasonable costs of investigation;
    provided, however, that an indemnified Party (together with all other indemnified Parties which may be represented
    without conflict by one counsel) shall have the right to retain one (1) separate counsel, with the reasonable fees and expenses
    to be paid by the indemnifying Party, if and only if representation of such indemnified Party by the counsel retained by the
    indemnifying Party would be inappropriate due to actual or potential conflicting interests between such indemnified Party
    and any other party represented by such counsel in such action or proceeding. The failure of an indemnified Party to deliver
    written notice to the indemnifying Party within a reasonable time of the commencement of any such action or proceeding, if
    prejudicial in any material respect to its ability to defend such action or proceeding, shall relieve such indemnifying Party
    of any liability to the indemnified Party under this Section 5.5.
	 	 
	(d)	If the indemnification provided for in this Section 5.5 from the indemnifying Party is held
    by a court of competent jurisdiction (by the entry of a final judgment or decree by a court of competent jurisdiction and
    the expiration of time to appeal or the denial of the last right of appeal) to be unavailable to an indemnified Party hereunder
    in respect of any losses, claims, damages, liabilities or expenses referred to herein, then the indemnifying Party, in lieu
    of indemnifying such indemnified Party, shall contribute to the amount paid or payable by such indemnified Party as a result
    of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault
    of the indemnifying Party and indemnified Party in connection with the statements, omissions or other actions which resulted
    in such claim or expenses, as well as any other relevant equitable considerations. The relative fault of such indemnifying
    Party and indemnified Party shall be determined by reference to, among other things, whether any statement, omission or other
    action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to
    state a material fact, has been made by, or relates to information supplied by, such indemnifying Party or indemnified Party,
    and the Parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement,
    omission or other action; provided, however, that in any such case, (i) in the absence of fraud or intentional
    misrepresentation, no Holder will be required to contribute any amount in excess of the public offering price for all Registrable
    Securities offered and sold by such Holder pursuant to such Registration Statement, and (ii) no Person guilty of fraudulent
    misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
    who was not guilty of such fraudulent misrepresentation; and provided, further, however, that, in the
    absence of fraud or intentional misrepresentation, the contribution

 

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	 	under this Section 5.5(d) on the part of any Holder, when combined with the amounts paid or
    payable by such Holder pursuant to Section 5.5(b), shall not exceed the net proceeds from the offering received by such Holder
    from the sale of Registrable Securities giving rise to such contribution obligation.
	 	 
	(e)	The obligations of the Company and the Holders under this Section 5.5 shall survive the completion
    of any offering of Registrable Securities in a Registration Statement under this Agreement and otherwise.

 

	Section 5.6     	Rule 144 Reporting

 

With a view to making available the benefits
of certain rules and regulations of the SEC that may permit the sale of the Registrable Securities to the public without registration,
the Company agrees to use its commercially reasonable efforts to:

 

	(a)	make and keep current public information available, as those terms are understood
    and defined in Rule 144, at all times;
	 	 
	(b)	file with the SEC in a timely manner all reports and other documents required of the Company
    under the Securities Act and the Exchange Act; and
	 	 
	(c)	so long as a Holder owns any Registrable Securities, furnish to the Holder forthwith upon
    written request (which request may only be made once during any twelve (12) month period) a written statement by the Company
    as to its compliance with the reporting requirements of Rule 144.

 

	ARTICLE VI     	Representations

 

	Section 6.1     	Shareholder Representations

 

The Shareholder represents and warrants as
follows:

 

	(a)	Power and Authority. It has all requisite corporate power and authority
    to enter into this Agreement and to perform its obligations hereunder.
	 	 
	(b)	Binding Effect. This Agreement has been duly executed and delivered by the Shareholder
    and is a valid and binding agreement of the Shareholder, enforceable against the Shareholder in accordance with its terms.

 

	Section 6.2     	Company Representations

 

The Company represents and warrants as follows:

 

	(a)	Power and Authority. The Company has all requisite corporate power and authority to
    enter into this Agreement and to perform its obligations hereunder.
	 	 
	(b)	Binding Effect. This Agreement has been duly executed and delivered by the Company
    and is a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms.

 

	ARTICLE VII     	Termination

 

	Section 7.1     	Termination

 

The term of this Agreement is perpetual,
but may be terminated at any time by the mutual written consent of the Parties hereto. Notwithstanding the foregoing, this Agreement
and all of its provisions shall terminate upon the earlier of (a) the consummation of a Change of Control; or (b) at the end of
a continuous two (2)-year period (i) beginning on or after the eighteenth (18th) anniversary of the date hereof and
(ii) during which for the entire time the Shareholder Group Beneficially Owns less than a Total Ownership Percentage of zero point
thirty percent (0.30%). For the avoidance of doubt, unless mutually consented in writing by the Parties, in no event shall this
Agreement terminate pursuant to sub-clause (b) prior to the twentieth (20th) anniversary of the date hereof.

 

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	Section 7.2     	Effect of Termination

 

From and after a termination in accordance
with Section 7.1, this Agreement shall become null and void and of no further force and effect, except for Section 5.5, Section
8.2, Section 8.3, Section 8.5, Section 8.8 and Section 8.12, which shall continue in full force and effect indefinitely. The termination
of this Agreement shall not affect any rights or obligations that shall have arisen or accrued prior to the date of termination.

 

	ARTICLE VIII     	Miscellaneous

 

	Section 8.1     	No Other Agreements

 

Each of the Company and the Shareholder shall
not (and shall cause its Affiliates not to) enter into any other voting, buy-sell, shareholder or other agreement relating to any
Capital Stock that conflicts with or is otherwise inconsistent in any way with this Agreement.

 

	Section 8.2     	Announcements

 

Except as permitted under the Framework Agreement,
neither the Company nor the Shareholder shall make any public announcement with respect to the existence or terms of this Agreement
without the prior approval of the other Party. Notwithstanding the foregoing, nothing in this Section 8.2 shall prevent any Party
from making any public announcement or filing it determines to be reasonably necessary in order to satisfy its obligations under
applicable Law or under the rules of any national securities exchange.

 

	Section 8.3     	Specific Performance

 

	(a)	The Parties agree that irreparable damage would occur in the event that any of
    the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Each
    Party agrees that, in the event of any breach or threatened breach by any other Party of any covenant or obligation contained
    in this Agreement, the non-breaching Party shall be entitled (in addition to any other remedy that may be available to it
    whether in Law or equity, including monetary damages) to seek to obtain (i) a decree or order of specific performance to enforce
    the observance and performance of such covenant or obligation and (ii) an injunction restraining such breach or threatened
    breach. Each Party acknowledges and agrees that (A) each Party is entitled to seek to specifically enforce the terms and provisions
    of this Agreement and (B) the right of specific enforcement is an integral part of the transactions contemplated by this Agreement
    and without that right, none of the Parties hereto would have entered into this Agreement.
	 	 
	(b)	Each Party further agrees that (i) such Party will not oppose the granting of an injunction,
    specific performance and other equitable relief as provided herein on the basis that the other party has an adequate remedy
    at Law or an award of specific performance is not an appropriate remedy for any reason at Law or equity and (ii) no other
    party or any other Person shall be required to obtain, furnish or post any bond or similar instrument in connection with or
    as a condition to obtaining any remedy referred to in this Section 8.3, and each Party irrevocably waives any right it may
    have to require the obtaining, furnishing or posting of any such bond or similar instrument.

 

	Section 8.4     	Assignment; Binding Effect

 

Except as expressly provided herein, neither
this Agreement nor any of the rights, interests or obligations under this Agreement will be assigned, in whole or in part, by any
of the Parties without the prior written consent of the other Parties. Any purported assignment without such prior written consent
will be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable
by, the Parties and their respective successors and assigns.

 

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	Section 8.5     	Notices

 

All notices, requests and other communications
provided for or permitted to be given under this Agreement must be in writing and shall be given by personal delivery, by certified
or registered United States mail (postage prepaid, return receipt requested), by a nationally recognized overnight delivery service
for next day delivery, by facsimile transmission, as follows (or to such other address as any Party may give in a notice given
in accordance with the provisions hereof):

 

	(a)	If to the Company to:
	 	 
	 	Corning Incorporated
	 	One Riverfront Plaza
	 	Corning, New York 14831

	 	Attention:	Corporate Secretary
	 	Fax:	+1-607-974-6686

	 	 
	 	with a copy to (which shall not constitute notice):
	 	 
	 	Wachtell, Lipton, Rosen & Katz
	 	51 West 52nd Street
	 	New York, New York 10019-6150

	 	Attention:	Andrew R. Brownstein
	 	 	Ronald C. Chen
	 	Fax:	(212) 403-2000

 

	(b)	If to the Shareholder to:
	 	 
	 	Samsung Display Co., Ltd.
	 	95, Samsung 2-ro, Giheung-gu
	 	Yongin-si, Gyeonggi-do, the Republic of Korea

	 	Attention:	Senior Legal Counsel
	 	Fax:	+82-31-209-2237

	 	 
	 	with a copy to (which shall not constitute notice):
	 	 
	 	Paul Hastings LLP
	 	33/F West Tower, Mirae Asset Center1
	 	67, Suha-dong, Jung-gu
	 	Seoul, 100-210, Korea

	 	Attention:	Daniel Sae-Chin Kim
	 	Fax:	+82-2-6321-3902

 

or to such other address or facsimile number
as such Party may hereafter specify by notice to the other Parties hereto. Each such notice, request or other communication shall
be effective (i) if given by facsimile, when such facsimile is transmitted to the facsimile number specified above and electronic
confirmation of transmission is received or (ii) if given by any other means, when delivered at the address specified in this Section
8.5.

 

	Section 8.6     	Amendment; Waiver

 

This Agreement may be amended, modified,
waived or altered only in a writing signed by the Parties hereto. The failure of a Party to insist upon the performance of any
provision hereof shall not constitute a waiver of, or estoppel against, assertion of the right to require such performance, nor
shall a waiver or estoppel in one case or instance imply a waiver or estoppel with respect to any other case or instance, whether
of similar nature or otherwise.

 

	Section 8.7     	Descriptive Headings

 

The descriptive headings of this Agreement
are inserted for convenience only and shall not constitute a part of this Agreement.

 

	Section 8.8     	Expenses

 

Except as contemplated by Article V, each
Party shall bear its own costs and expenses in connection with the negotiation, execution and performance of this Agreement.

 

	Section 8.9     	Severability

 

If any term or other provision of this Agreement
is invalid, illegal or incapable of being enforced by any rule of applicable Law or public policy, all other conditions and provisions
of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith to modify this Agreement
so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions
contemplated hereby are fulfilled to the extent possible.

 

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	Section 8.10     	Further Assurances

 

The Parties agree to cooperate fully in the
execution, acknowledgment and delivery of all instruments, agreements and other papers and to take such other actions as may be
necessary to further carry out and fully accomplish the intent and purposes of this Agreement.

 

	Section 8.11     	Entire Agreement

 

This Agreement, the Standstill Agreement
and the Framework Agreement (including the other Transaction Documents) constitute the entire agreement between the Parties respecting
the subject matter of this Agreement and supersede all prior agreements, negotiations, understandings, representations and statements
respecting the subject matter of this Agreement, whether written or oral.

 

	Section 8.12     	Governing Law; Jurisdiction

 

	(a)	This Agreement and the transactions contemplated hereby, and all disputes between
    the Parties under or related to this Agreement or the facts and circumstances leading to its execution, whether in contract,
    tort or otherwise, shall be governed by and construed in accordance with the Laws of the State of New York, applicable to
    contracts executed in and to be performed entirely within the State of New York, without regard to the conflicts of Laws principles
    thereof.
	 	 
	(b)	In the event any Party to this Agreement commences any litigation, proceeding or other legal
    action in connection with or relating to this Agreement or any matters described or contemplated herein, the Parties to this
    Agreement hereby irrevocably and unconditionally (i) agree that any litigation, proceeding or other legal action shall be
    instituted exclusively in a court of competent jurisdiction located within the City of New York, New York, whether a state
    or federal court; (ii) agree that in the event of any such litigation, proceeding or action, such Parties irrevocably and
    unconditionally consent and submit to personal jurisdiction in any such court described in clause (i) of this Section 8.12(b)
    and to service of process upon them in accordance with the rules and statutes governing service of process (it being understood
    that nothing in this Section 8.12(b) shall be deemed to prevent any Party from seeking to remove any action to a federal court
    in the City of New York, New York); (iii) waive to the full extent permitted by Law any objection that they may now or hereafter
    have to the venue of any such litigation, proceeding or action in any such court or that any such litigation, proceeding or
    action was brought in an inconvenient forum; (iv) agree as an alternative method of service to service of process in any legal
    proceeding by mailing of copies thereof to such Party at its address set forth in Section 8.5 for communications to such Party;
    (v) agree that any service made as provided herein shall be effective and binding service in every respect; and (vi) agree
    that nothing herein shall affect the rights of any Party to effect service of process in any other manner permitted by Law.
    The Parties hereto agree that a final judgment in any such litigation, proceeding or action shall be conclusive and may be
    enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law.
	 	 
	(c)	EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
    IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
    WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF
    OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT
    (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
    WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED
    THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER
    INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.12(c).

 

	Section 8.13     	Counterparts; Facsimile

 

This Agreement and any amendments hereto
may be executed in one or more counterparts, each of which shall be deemed an original and all such counterparts shall constitute
one and the same instrument. Any executed counterpart delivered by facsimile or other means of electronic transmission shall be
deemed an original for all purposes.

 

	Section 8.14     	Shares

 

Upon the Transfer by the Shareholder or an
Affiliate of the Shareholder of any Common Stock issued or issuable upon conversion of the Preferred Stock to another Affiliate
of the Shareholder, such Transferring Shareholder or Affiliate, as applicable, shall give written notice of such Transfer (including
the number of shares Transferred) to the Company at least 3 Business Days prior to such Transfer, and shall cause such Transferee
Affiliate to enter into a joinder agreement to the Shareholder Agreement agreeing to be bound by the terms of the Shareholder Agreement
applicable to the Shareholder as if it were a party thereto.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the undersigned have caused this Agreement
to be signed by their respective duly authorized officers as of the date first written above.

 

SAMSUNG DISPLAY CO., LTD.

 

	By:	/s/ Baik Kyu Song	 
	Name:	Baik Kyu Song	 
	Title:	Executive Vice President	 

 

[Signature Page to Shareholder Agreement]

 

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IN WITNESS WHEREOF, the undersigned have
caused this Agreement to be signed by their respective duly authorized officers as of the date first written above.

 

CORNING INCORPORATED

 

	By:	/s/ Lawrence D. McRae	 
	Name:	Lawrence D. McRae	 
	Title:	Executive Vice President	 

 

[Signature Page to Shareholder Agreement]

 

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	EXHIBIT A     	Form of Irrevocable Proxy

 

In order to secure the performance of
the duties of the undersigned pursuant to Section 2.1 and Section 3.1 of the Shareholder Agreement, dated as of October 22,
2013 (the “Agreement”), by and between Samsung Display Co., Ltd. and Corning Incorporated (the
“Company”), the undersigned hereby irrevocably appoints
[                           ] and
[                           ],
and each of them, the attorneys, agents and proxies, with full power of substitution in each of them, for the undersigned,
and in the name, place and stead of the undersigned, to vote (or cause to be voted) or, if applicable, to give consent, in
such manners as each such attorney, agent and proxy or his substitute shall in his sole discretion deem proper to record such
vote (or consent) in the manners, and with respect to such matters as set forth in Section 2.1 and Section 3.1 of the
Agreement with respect to all voting securities (whether taking the form of shares of Common Stock, par value $0.50 per
share, or other voting securities of the Company), which the undersigned is or may be entitled to vote at any meeting of the
Company held after the date hereof, whether annual or special and whether or not an adjourned meeting or, if applicable, to
give written consent with respect thereto. This proxy is coupled with an interest, shall be irrevocable and binding on any
successor in interest of the undersigned and shall not be terminated by operation of law upon the occurrence of any event
except that this proxy shall be terminated and have no further effect upon the valid termination of the Agreement. This proxy
shall operate to revoke and render void any prior proxy as to voting securities heretofore granted by the undersigned which
is inconsistent herewith.

 

The undersigned Beneficially Owns (as defined
in the Agreement) [                  ] shares of
Common Stock.

 

[                         ]

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

	CORNING INCORPORATED - 2013 Form 10-K	20EXHIBIT 10.67

EXHIBIT
10.67

 

STANDSTILL AGREEMENT

 

dated as of October 22, 2013

 

by and among

 

SAMSUNG ELECTRONICS CO., LTD.,

 

SAMSUNG DISPLAY CO., LTD.

 

and

 

CORNING INCORPORATED

 

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Table of contents

 

	ARTICLE I  DEFINITIONS	3
	Section 1.1 	Definitions	3
	Section 1.2	Interpretation	4
	 	 
	ARTICLE II  STANDSTILL	4
	Section 2.1	Restrictions
    During the Standstill	4
	Section 2.2	Standstill Exceptions	5
	 	 
	ARTICLE III  REPRESENTATIONS	6
	Section 3.1	Shareholder
    Representations	6
	Section 3.2	Company Representations	6
	 	 
	ARTICLE IV  TERMINATION	6
	Section 4.1	Termination	6
	Section 4.2	Effect of Termination	6
	 	 
	ARTICLE V  MISCELLANEOUS	6
	Section 5.1	No Other Agreements	6
	Section 5.2	Announcements	7
	Section 5.3	Specific Performance	7
	Section 5.4	Assignment; Binding Effect	7
	Section 5.5	Notices	7
	Section 5.6	Amendment; Waiver	8
	Section 5.7	Descriptive Headings	8
	Section 5.8	Expenses	8
	Section 5.9	Severability	8
	Section 5.10	Further Assurances	8
	Section 5.11	Entire Agreement	8
	Section 5.12	Governing Law; Jurisdiction	8
	Section 5.13	Counterparts; Facsimile	9
	Section 5.14	Obligations	9

 

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STANDSTILL
AGREEMENT

 

This STANDSTILL AGREEMENT (this “Agreement”)
is dated as of October 22, 2013, by and among Corning Incorporated, a New York corporation (the “Company”),
Samsung Electronics Co., Ltd., a company organized under the laws of the Republic of Korea (“Samsung”), and
Samsung Display Co., Ltd., a company organized under the laws of the Republic of Korea (the “Shareholder”).
This Agreement shall be effective as of the date hereof.

 

RECITALS

 

WHEREAS, the Shareholder, the Company, Corning
Luxembourg S.àr.l. (“Corning Buyer”), Corning Holding Japan G.K. and Corning Hungary Data Services Limited
Liability Company have entered into that certain Framework Agreement, dated as of the date hereof (the “Framework
Agreement”), pursuant to which, among other things, the Shareholder, the Company and Corning Buyer shall enter into
a Purchase and Subscription Agreement pursuant to which the Shareholder will acquire 2,300 shares of the Company’s Fixed
Rate Cumulative Convertible Preferred Stock, Series A, par value $100 per share (the “Preferred Stock”), on
the terms and subject to the conditions set forth therein;

 

WHEREAS, as of the date hereof, the Shareholder
and the Company have entered into a shareholder agreement (the “Shareholder Agreement”) setting forth certain
rights of and restrictions on the Shareholder as a shareholder of the Company; and

 

WHEREAS, each of the Parties desires to
enter into this Agreement in order to establish certain rights, restrictions and obligations of the Shareholder and Samsung, as
well as to set forth certain other arrangements relating to the Company.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of
the premises, and the mutual promises and agreements contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, the Parties hereby agree as
follows:

 

	ARTICLE I     	DEFINITIONS

 

Section 1.1       Definitions

 

Capitalized terms used but not otherwise
defined in this Agreement shall have the meanings set forth below or the meanings given to them in the Shareholder Agreement,
as applicable:

 

“Agreement” shall have
the meaning set forth in the Preamble.

 

“Bona Fide Offer” shall
have the meaning given to it under Section 2.2(c).

 

“Breach Shares” shall
have the meaning given to it under Section 5.14.

 

“Capital Stock” means
the Preferred Stock, the Common Stock and any other equity securities or capital stock of the Company, whether authorized as of
or after the date hereof.

 

“Closing” has the meaning
set forth in the Framework Agreement.

 

“Closing Date” has the
meaning set forth in the Framework Agreement.

 

“Common Stock” means
the common stock, par value $0.50 per share, of the Company.

 

“Company” has the meaning
set forth in the Preamble.

 

“Company Securities”
shall have the meaning given to it under Section 2.1(a).

 

“Competing Offer” shall
have the meaning given to it under Section 2.2(c).

 

“Core Competitor” means
any of the entities that is one of the top five (5) global market share holders (excluding any member of the Shareholder
Group) in the following industries according to the most recent research reports published by one of the top three (3) industry
analyst firms as of the date the Bona Fide Offer under Section 2.2 is commenced:

 

	•	Mobile handset industry;

 

	•	Television industry;

 

	•	Liquid
crystal display panel industry;

 

	•	Substrate glass industry; and

 

	•	Organic light emitting diode glass industry.

 

“Corning Buyer” has the
meaning set forth in the Recitals.

 

“Cure Period” shall have
the meaning given to it under Section 2.1(a).

 

“Framework Agreement”
has the meaning set forth in the Recitals.

 

“Parties” means the parties
to this Agreement.

 

“Preferred Stock” has
the meaning set forth in the Recitals.

 

“Requesting Party” shall
have the meaning given to it under Section 2.2(a).

 

“Samsung” has the meaning
set forth in the Preamble.

 

“Shareholder” has the
meaning set forth in the Preamble.

 

“Shareholder Agreement”
has the meaning set forth in the Recitals.

 

“Shareholder Group” means
the Shareholder, Samsung and each Subsidiary and Affiliate of the Shareholder or Samsung.

 

	CORNING INCORPORATED - 2013 Form 10-K	3

    	 

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Section 1.2       Interpretation

 

For purposes of this Agreement: (a) the
words “include,” “includes” and “including” shall be deemed to be followed by the words “without
limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,”
“hereby,” “hereto” and “hereunder” refer to this Agreement as a whole. The definitions given
for any defined terms in this Agreement shall apply equally to both the singular and plural forms of the terms defined. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. Unless the context
otherwise requires, references herein: (x) to Articles and Sections mean the Articles and Sections of this Agreement; (y) to
an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified
from time to time to the extent permitted by the provisions thereof; and (z) to a statute means such statute as amended from
time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be
construed without regard to any presumption or rule requiring construction or interpretation against the Party drafting an instrument
or causing any instrument to be drafted.

 

	ARTICLE II     	STANDSTILL

 

Section 2.1       Restrictions
During the Standstill

 

During the term of this Agreement, each
of Samsung and the Shareholder agrees that it will not, and will cause its Affiliates and any Representatives acting on its or
any of its Affiliates’ behalf not to, directly or indirectly, acting alone or in concert with others:

 

	(a)	acquire
                                                                                                                                             Beneficial
                                                                                                                                             Ownership
                                                                                                                                             of,
                                                                                                                                             or
                                                                                                                                             rights
                                                                                                                                             or
                                                                                                                                             Options
                                                                                                                                             to
                                                                                                                                             acquire,
                                                                                                                                             any
                                                                                                                                             Capital
                                                                                                                                             Stock
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             capital
                                                                                                                                             stock
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             securities
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company’s
                                                                                                                                             Subsidiaries
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             class,
                                                                                                                                             series
                                                                                                                                             or
                                                                                                                                             tranche
                                                                                                                                             (collectively
                                                                                                                                             with
                                                                                                                                             Capital
                                                                                                                                             Stock,
                                                                                                                                             the
                                                                                                                                             “Company
                                                                                                                                             Securities”)
                                                                                                                                             (other
                                                                                                                                             than
                                                                                                                                             shares
                                                                                                                                             of
                                                                                                                                             Preferred
                                                                                                                                             Stock
                                                                                                                                             issued
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             pursuant
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Framework
                                                                                                                                             Agreement,
                                                                                                                                             shares
                                                                                                                                             of
                                                                                                                                             Common
                                                                                                                                             Stock
                                                                                                                                             issued
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             in
                                                                                                                                             exchange
                                                                                                                                             for
                                                                                                                                             the
                                                                                                                                             Preferred
                                                                                                                                             Stock
                                                                                                                                             owned
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             and
                                                                                                                                             shares
                                                                                                                                             of
                                                                                                                                             Company
                                                                                                                                             Securities
                                                                                                                                             acquired
                                                                                                                                             through
                                                                                                                                             a
                                                                                                                                             stock
                                                                                                                                             dividend,
                                                                                                                                             recapitalization
                                                                                                                                             or
                                                                                                                                             similar
                                                                                                                                             transaction
                                                                                                                                             undertaken
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Company),
                                                                                                                                             or
                                                                                                                                             enter
                                                                                                                                             into
                                                                                                                                             any
                                                                                                                                             contract,
                                                                                                                                             arrangement, understanding or
relationship which gives any member of the Shareholder Group the economic equivalent of ownership of any Company Security due
to the fact that the value of the derivative is explicitly determined by reference to the price or value of such Company
Security or of any interest therein, or otherwise enter into a derivative transaction with respect to a Company Security,
other than:

 

		(i)	pursuant
                                                                                                                                                to
                                                                                                                                                a
                                                                                                                                                Capital
                                                                                                                                                Raising
                                                                                                                                                Transaction,
                                                                                                                                                solely
                                                                                                                                                to
                                                                                                                                                the
                                                                                                                                                extent
                                                                                                                                                permitted
                                                                                                                                                under
                                                                                                                                                Section 2.2 of
                                                                                                                                                the
                                                                                                                                                Shareholder
                                                                                                                                                Agreement
                                                                                                                                                (Participation
                                                                                                                                                Rights);

 

		(ii)	in
                                                                                                                                                 the
                                                                                                                                                 event
                                                                                                                                                 of
                                                                                                                                                 an
                                                                                                                                                 underwritten
                                                                                                                                                 public
                                                                                                                                                 offering
                                                                                                                                                 of
                                                                                                                                                 shares
                                                                                                                                                 of
                                                                                                                                                 Common
                                                                                                                                                 Stock
                                                                                                                                                 by
                                                                                                                                                 the
                                                                                                                                                 Company,
                                                                                                                                                 in
                                                                                                                                                 which
                                                                                                                                                 event
                                                                                                                                                 the
                                                                                                                                                 members
                                                                                                                                                 of
                                                                                                                                                 the
                                                                                                                                                 Shareholder
                                                                                                                                                 Group
                                                                                                                                                 will
                                                                                                                                                 be
                                                                                                                                                 permitted
                                                                                                                                                 to
                                                                                                                                                 both
                                                                                                                                                 participate
                                                                                                                                                 in
                                                                                                                                                 such
                                                                                                                                                 a
                                                                                                                                                 public
                                                                                                                                                 offering
                                                                                                                                                 in
                                                                                                                                                 the
                                                                                                                                                 same
                                                                                                                                                 manner
                                                                                                                                                 as
                                                                                                                                                 any
                                                                                                                                                 other
                                                                                                                                                 shareholder
                                                                                                                                                 of
                                                                                                                                                 the
                                                                                                                                                 Company
                                                                                                                                                 and
                                                                                                                                                 to
                                                                                                                                                 acquire
                                                                                                                                                 shares
                                                                                                                                                 of
                                                                                                                                                 Common
                                                                                                                                                 Stock
                                                                                                                                                 or
                                                                                                                                                 other
                                                                                                                                                 securities
                                                                                                                                                 in
                                                                                                                                                 the
                                                                                                                                                 open
                                                                                                                                                 market
                                                                                                                                                 solely
                                                                                                                                                 to
                                                                                                                                                 the
                                                                                                                                                 extent
                                                                                                                                                 necessary
                                                                                                                                                 to
                                                                                                                                                 maintain
                                                                                                                                                 the
                                                                                                                                                 Total
                                                                                                                                                 Ownership
                                                                                                                                                 Percentage
                                                                                                                                                 of
                                                                                                                                                 the
                                                                                                                                                 Shareholder
                                                                                                                                                 Group
                                                                                                                                                 as
                                                                                                                                                 of
                                                                                                                                                 the
                                                                                                                                                 date
                                                                                                                                                 immediately
                                                                                                                                                 prior
                                                                                                                                                 to
                                                                                                                                                 the
                                                                                                                                                 public
                                                                                                                                                 announcement
                                                                                                                                                 of
                                                                                                                                                 such
                                                                                                                                                 offering
                                                                                                                                                 of
                                                                                                                                                 shares
                                                                                                                                                 of
                                                                                                                                                 Common
                                                                                                                                                 Stock;

 

		(iii)	in
                                                                                                                                                  the
                                                                                                                                                  event
                                                                                                                                                  the
                                                                                                                                                  Company
                                                                                                                                                  engages
                                                                                                                                                  in
                                                                                                                                                  a
                                                                                                                                                  Capital
                                                                                                                                                  Raising
                                                                                                                                                  Transaction
                                                                                                                                                  that
                                                                                                                                                  involves
                                                                                                                                                  solely
                                                                                                                                                  the
                                                                                                                                                  issuance
                                                                                                                                                  of
                                                                                                                                                  Common
                                                                                                                                                  Stock
                                                                                                                                                  (other
                                                                                                                                                  than
                                                                                                                                                  in
                                                                                                                                                  an
                                                                                                                                                  underwritten
                                                                                                                                                  public
                                                                                                                                                  offering),
                                                                                                                                                  in
                                                                                                                                                  which
                                                                                                                                                  event
                                                                                                                                                  the
                                                                                                                                                  members
                                                                                                                                                  of
                                                                                                                                                  the
                                                                                                                                                  Shareholder
                                                                                                                                                  Group
                                                                                                                                                  will
                                                                                                                                                  be
                                                                                                                                                  permitted
                                                                                                                                                  to
                                                                                                                                                  acquire
                                                                                                                                                  shares
                                                                                                                                                  of
                                                                                                                                                  Common
                                                                                                                                                  Stock
                                                                                                                                                  in
                                                                                                                                                  the
                                                                                                                                                  open
                                                                                                                                                  market
                                                                                                                                                  solely
                                                                                                                                                  to
                                                                                                                                                  the
                                                                                                                                                  extent
                                                                                                                                                  necessary
                                                                                                                                                  to
                                                                                                                                                  maintain
                                                                                                                                                  the
                                                                                                                                                  Total
                                                                                                                                                  Ownership
                                                                                                                                                  Percentage
                                                                                                                                                  of
                                                                                                                                                  the
                                                                                                                                                  Shareholder
                                                                                                                                                  Group
                                                                                                                                                  as
                                                                                                                                                  of
                                                                                                                                                  the
                                                                                                                                                  date
                                                                                                                                                  immediately
                                                                                                                                                  prior
                                                                                                                                                  to
                                                                                                                                                  the
                                                                                                                                                  public
                                                                                                                                                  announcement
                                                                                                                                                  of
                                                                                                                                                  such
                                                                                                                                                  Capital
                                                                                                                                                  Raising
                                                                                                                                                  Transaction;
                                                                                                                                                  or

 

		(iv)	after
                                                                                                                                                                     the
                                                                                                                                                                     earlier
                                                                                                                                                                     of
                                                                                                                                                                     (A) a
                                                                                                                                                                     conversion
                                                                                                                                                                     of
                                                                                                                                                                     all
                                                                                                                                                                     of
                                                                                                                                                                     the
                                                                                                                                                                     shares
                                                                                                                                                                     of
                                                                                                                                                                     the
                                                                                                                                                                     Preferred
                                                                                                                                                                     Stock
                                                                                                                                                                     Beneficially
                                                                                                                                                                     Owned
                                                                                                                                                                     by
                                                                                                                                                                     the
                                                                                                                                                                     Shareholder
                                                                                                                                                                     Group
                                                                                                                                                                     pursuant
                                                                                                                                                                     to
                                                                                                                                                                     paragraph
                                                                                                                                                                     4(h)(7)
                                                                                                                                                                     of
                                                                                                                                                                     the
                                                                                                                                                                     Company’s
                                                                                                                                                                     Certificate
                                                                                                                                                                     of
                                                                                                                                                                     Incorporation
                                                                                                                                                                     or
                                                                                                                                                                     (B) the
                                                                                                                                                                     seventh
                                                                                                                                                                     (7th) anniversary
                                                                                                                                                                     of
                                                                                                                                                                     the
                                                                                                                                                                     Closing
                                                                                                                                                                     Date;

 

provided, that (x) each of sub-clauses
(i), (ii), (iii) and (iv) above shall apply only to the extent that such acquisition or acquisitions would not cause
the Total Ownership Percentage of the Shareholder Group to exceed the Ownership Cap and (y) the Shareholder provides written
notice to the Company of the number of shares of Company Securities acquired by any member of the Shareholder Group within ten
(10) Business Days following any such acquisition, unless such acquisition has been disclosed prior to that date pursuant
to a public filing with the U.S. Securities and Exchange Commission; and provided further, that if an Affiliate of the
Shareholder or an Affiliate of Samsung breaches the restrictions set forth in this Section 2.1(a) without the knowledge
of the Shareholder or Samsung, then (I) each of the Shareholder and Samsung shall use reasonable best efforts to cause such
Affiliate to sell all Breach Shares as promptly as practicable and in any event within six (6) months after the Shareholder
or Samsung becomes aware of such breach (the “Cure Period”) and (II) to the extent the Shareholder and Samsung
used reasonable best efforts to cause such Affiliate to sell the Breach Shares and if such Affiliate enters into an agreement
to the Shareholder Agreement agreeing to be bound by all of the restrictions and obligations contained in the Shareholder Agreement
applicable to the Shareholder as if it were a party thereto, then the Shareholder or Samsung, subject to the restrictions contained
in Section 4.1 of the Shareholder Agreement, may dispose of shares of Common Stock held by them within the Cure Period,
in which case the number of Breach Shares shall be deemed to have been reduced by the corresponding number of shares of Common
Stock so disposed of by the Shareholder and/or Samsung (provided that if such Affiliate is a Subsidiary of either
the Shareholder or Samsung, then the Cure Period shall be three (3) months after the Shareholder or Samsung becomes aware
of such breach); and provided further, that, this Section 2.1(a) shall not in any way limit the acquisition
of businesses or assets of the Company or any capital stock or other securities of the Company’s Subsidiaries pursuant to
existing or future commercial arrangements between the Company and any of its Affiliates, on the one hand, and any member of the
Shareholder Group, on the other hand, which arrangements do not involve a Change of Control or an attempt by the Shareholder or
Samsung or any of their Affiliates or third party to influence the policies or control of the Company or its Subsidiaries (other
than in respect of such arrangement);

 

	CORNING INCORPORATED - 2013 Form 10-K	4

    	 

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	(b)	commence
                                                                                                                                             or
                                                                                                                                             seek
                                                                                                                                             to
                                                                                                                                             commence
                                                                                                                                             any
                                                                                                                                             tender
                                                                                                                                             offer
                                                                                                                                             or
                                                                                                                                             exchange
                                                                                                                                             offer
                                                                                                                                             (with
                                                                                                                                             or
                                                                                                                                             without
                                                                                                                                             conditions)
                                                                                                                                             involving
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             its
                                                                                                                                             Subsidiaries
                                                                                                                                             or
                                                                                                                                             authorize,
                                                                                                                                             endorse,
                                                                                                                                             encourage,
                                                                                                                                             seek,
                                                                                                                                             effect,
                                                                                                                                             announce
                                                                                                                                             or
                                                                                                                                             submit
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             any
                                                                                                                                             proposal
                                                                                                                                             or
                                                                                                                                             offer
                                                                                                                                             (whether
                                                                                                                                             publicly
                                                                                                                                             or
                                                                                                                                             otherwise
                                                                                                                                             or
                                                                                                                                             whether
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             without
                                                                                                                                             conditions)
                                                                                                                                             concerning
                                                                                                                                             any
                                                                                                                                             merger,
                                                                                                                                             share
                                                                                                                                             exchange,
                                                                                                                                             sale
                                                                                                                                             of
                                                                                                                                             assets,
                                                                                                                                             consolidation,
                                                                                                                                             business
                                                                                                                                             combination,
                                                                                                                                             recapitalization,
                                                                                                                                             restructuring,
                                                                                                                                             liquidation,
                                                                                                                                             dissolution
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             extraordinary
                                                                                                                                             transaction
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             involving
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             its
                                                                                                                                             Subsidiaries
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             its
                                                                                                                                             or
                                                                                                                                             their
                                                                                                                                             respective
                                                                                                                                             securities
                                                                                                                                             or
                                                                                                                                             assets;
                                                                                                                                             provided,
                                                                                                                                             that
                                                                                                                                             this
                                                                                                                                             Section 2.1(b)
                                                                                                                                             shall
                                                                                                                                             not
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             way
                                                                                                                                             limit
                                                                                                                                             the
                                                                                                                                             acquisition
                                                                                                                                             of
                                                                                                                                             businesses
                                                                                                                                             or
                                                                                                                                             assets
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             pursuant
                                                                                                                                             to
                                                                                                                                             existing
                                                                                                                                             or
                                                                                                                                             future
                                                                                                                                             commercial
                                                                                                                                             arrangements
                                                                                                                                             between
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             and
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             its
                                                                                                                                             Affiliates,
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             one
                                                                                                                                             hand,
                                                                                                                                             and
                                                                                                                                             any
                                                                                                                                             member
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             Group,
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             other
                                                                                                                                             hand,
                                                                                                                                             which
                                                                                                                                             arrangements
                                                                                                                                             do
                                                                                                                                             not
                                                                                                                                             involve
                                                                                                                                             a
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             or
                                                                                                                                             an
                                                                                                                                             attempt
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             or
                                                                                                                                             Samsung
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             their
                                                                                                                                             Affiliates
                                                                                                                                             or
                                                                                                                                             third
                                                                                                                                             party
                                                                                                                                             to
                                                                                                                                             influence
                                                                                                                                             the
                                                                                                                                             policies
                                                                                                                                             or
                                                                                                                                             control
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             or
                                                                                                                                             its
                                                                                                                                             Subsidiaries
                                                                                                                                             (other
                                                                                                                                             than
                                                                                                                                             in
                                                                                                                                             respect
                                                                                                                                             of
                                                                                                                                             such
                                                                                                                                             arrangement);

 

	(c)	make,
                                                                                                                                             or
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             way
                                                                                                                                             participate,
                                                                                                                                             directly
                                                                                                                                             or
                                                                                                                                             indirectly,
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             “solicitation”
                                                                                                                                             of
                                                                                                                                             “proxies”
                                                                                                                                             (as
                                                                                                                                             such
                                                                                                                                             terms
                                                                                                                                             are
                                                                                                                                             defined
                                                                                                                                             under
                                                                                                                                             Regulation
                                                                                                                                             14A under
                                                                                                                                             the
                                                                                                                                             Exchange
                                                                                                                                             Act)
                                                                                                                                             to
                                                                                                                                             vote
                                                                                                                                             or
                                                                                                                                             take
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             action,
                                                                                                                                             including
                                                                                                                                             soliciting
                                                                                                                                             consents
                                                                                                                                             or
                                                                                                                                             taking
                                                                                                                                             other
                                                                                                                                             action
                                                                                                                                             with
                                                                                                                                             respect
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             calling
                                                                                                                                             of
                                                                                                                                             a
                                                                                                                                             special
                                                                                                                                             meeting
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company’s
                                                                                                                                             shareholders,
                                                                                                                                             seeking
                                                                                                                                             to
                                                                                                                                             advise
                                                                                                                                             or
                                                                                                                                             influence
                                                                                                                                             any
                                                                                                                                             Person
                                                                                                                                             with
                                                                                                                                             respect
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             voting
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             securities
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             its
                                                                                                                                             Subsidiaries
                                                                                                                                             or
                                                                                                                                             making
                                                                                                                                             any
                                                                                                                                             shareholder
                                                                                                                                             proposals
                                                                                                                                             under
                                                                                                                                             Rule
                                                                                                                                             14a-8
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Exchange
                                                                                                                                             Act;

 

	(d)	whether
                                                                                                                                             alone
                                                                                                                                             or
                                                                                                                                             in
                                                                                                                                             concert
                                                                                                                                             with
                                                                                                                                             any
                                                                                                                                             Group
                                                                                                                                             or
                                                                                                                                             otherwise
                                                                                                                                             in
                                                                                                                                             concert
                                                                                                                                             with
                                                                                                                                             others
                                                                                                                                             (i) seek
                                                                                                                                             to
                                                                                                                                             place
                                                                                                                                             a
                                                                                                                                             director
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             representative
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             Board,
                                                                                                                                             (ii) seek
                                                                                                                                             the
                                                                                                                                             removal
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             member
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Board,
                                                                                                                                             or
                                                                                                                                             (iii) otherwise
                                                                                                                                             seek
                                                                                                                                             or
                                                                                                                                             propose
                                                                                                                                             to
                                                                                                                                             control
                                                                                                                                             or
                                                                                                                                             influence
                                                                                                                                             the
                                                                                                                                             Board
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             management
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             policies
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company;

 

	(e)	make
                                                                                                                                             any
                                                                                                                                             public
                                                                                                                                             announcements,
                                                                                                                                             proposals
                                                                                                                                             or
                                                                                                                                             offers
                                                                                                                                             to
                                                                                                                                             take
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             foregoing
                                                                                                                                             actions,
                                                                                                                                             or
                                                                                                                                             publicly
                                                                                                                                             disclose
                                                                                                                                             or
                                                                                                                                             direct
                                                                                                                                             any
                                                                                                                                             Person
                                                                                                                                             to
                                                                                                                                             disclose,
                                                                                                                                             any
                                                                                                                                             intention,
                                                                                                                                             plan
                                                                                                                                             or
                                                                                                                                             arrangement
                                                                                                                                             inconsistent
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             foregoing;

 

	(f)	enter
                                                                                                                                             into
                                                                                                                                             any
                                                                                                                                             discussions,
                                                                                                                                             negotiations,
                                                                                                                                             arrangements
                                                                                                                                             or
                                                                                                                                             understandings
                                                                                                                                             with
                                                                                                                                             any
                                                                                                                                             Person
                                                                                                                                             to
                                                                                                                                             do
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             foregoing,
                                                                                                                                             or
                                                                                                                                             act
                                                                                                                                             in
                                                                                                                                             concert
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             advise,
                                                                                                                                             assist
                                                                                                                                             or
                                                                                                                                             encourage
                                                                                                                                             any
                                                                                                                                             Person
                                                                                                                                             in
                                                                                                                                             connection
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             foregoing,
                                                                                                                                             or
                                                                                                                                             form,
                                                                                                                                             join
                                                                                                                                             or
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             way
                                                                                                                                             participate
                                                                                                                                             in
                                                                                                                                             a
                                                                                                                                             Group
                                                                                                                                             with
                                                                                                                                             any
                                                                                                                                             Person
                                                                                                                                             for
                                                                                                                                             the
                                                                                                                                             purpose
                                                                                                                                             of
                                                                                                                                             acquiring,
                                                                                                                                             holding
                                                                                                                                             or
                                                                                                                                             voting
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             Company
                                                                                                                                             Securities;
                                                                                                                                             or

 

	(g)	request
                                                                                                                                             or
                                                                                                                                             seek
                                                                                                                                             that
                                                                                                                                             the
                                                                                                                                             Board,
                                                                                                                                             any
                                                                                                                                             committee
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Board,
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             its
                                                                                                                                             Subsidiaries
                                                                                                                                             or
                                                                                                                                             their
                                                                                                                                             respective
                                                                                                                                             Representatives,
                                                                                                                                             directly
                                                                                                                                             or
                                                                                                                                             indirectly,
                                                                                                                                             amend
                                                                                                                                             or
                                                                                                                                             waive
                                                                                                                                             any
                                                                                                                                             provision
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Section 2.1.

 

Section 2.2       Standstill
Exceptions

 

	(a)	If
                                                                                                                                             and
                                                                                                                                             only
                                                                                                                                             if
                                                                                                                                             a
                                                                                                                                             Person
                                                                                                                                             that
                                                                                                                                             is
                                                                                                                                             not
                                                                                                                                             (i) a
                                                                                                                                             member
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             Group
                                                                                                                                             or
                                                                                                                                             (ii) acting
                                                                                                                                             on
                                                                                                                                             behalf
                                                                                                                                             of,
                                                                                                                                             in
                                                                                                                                             concert
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             encouragement
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             member
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             Group
                                                                                                                                             commences
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer,
                                                                                                                                             then
                                                                                                                                             either
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             or
                                                                                                                                             Samsung
                                                                                                                                             or
                                                                                                                                             one
                                                                                                                                             of
                                                                                                                                             their
                                                                                                                                             Subsidiaries
                                                                                                                                             (one
                                                                                                                                             such
                                                                                                                                             party,
                                                                                                                                             the
                                                                                                                                             “Requesting
                                                                                                                                             Party”)
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             permitted
                                                                                                                                             to
                                                                                                                                             make
                                                                                                                                             a
                                                                                                                                             private,
                                                                                                                                             confidential
                                                                                                                                             and
                                                                                                                                             written
                                                                                                                                             communication
                                                                                                                                             to
                                                                                                                                             either
                                                                                                                                             the
                                                                                                                                             Company’s
                                                                                                                                             Chief
                                                                                                                                             Executive
                                                                                                                                             Officer,
                                                                                                                                             Chairperson
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Board
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             Board
                                                                                                                                             (at
                                                                                                                                             election
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             making
                                                                                                                                             such
                                                                                                                                             communication)
                                                                                                                                             solely
                                                                                                                                             to
                                                                                                                                             request
                                                                                                                                             permission
                                                                                                                                             to
                                                                                                                                             submit
                                                                                                                                             a
                                                                                                                                             Competing
                                                                                                                                             Offer;
                                                                                                                                             provided,
                                                                                                                                             that
                                                                                                                                             such
                                                                                                                                             request
                                                                                                                                             would
                                                                                                                                             not
                                                                                                                                             be
                                                                                                                                             reasonably
                                                                                                                                             likely
                                                                                                                                             to
                                                                                                                                             require
                                                                                                                                             disclosure
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             public
                                                                                                                                             announcement
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Shareholder,
                                                                                                                                             any
                                                                                                                                             member
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             Group,
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             their
                                                                                                                                             respective
                                                                                                                                             Affiliates;
                                                                                                                                             provided,
                                                                                                                                             however,
                                                                                                                                             that
                                                                                                                                             the
                                                                                                                                             right
                                                                                                                                             to
                                                                                                                                             submit
                                                                                                                                             such
                                                                                                                                             request
                                                                                                                                             shall
                                                                                                                                             terminate,
                                                                                                                                             and
                                                                                                                                             the
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             shall
                                                                                                                                             immediately
                                                                                                                                             withdraw
                                                                                                                                             any
                                                                                                                                             request
                                                                                                                                             that
                                                                                                                                             it
                                                                                                                                             has
                                                                                                                                             previously
                                                                                                                                             submitted
                                                                                                                                             (and
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             request
                                                                                                                                             shall
                                                                                                                                             terminate),
                                                                                                                                             if
                                                                                                                                             such
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             is
                                                                                                                                             withdrawn
                                                                                                                                             or
                                                                                                                                             terminated
                                                                                                                                             (or
                                                                                                                                             such
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             ceases
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer)
                                                                                                                                             prior
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             submission
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             of
                                                                                                                                             a
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             (with
                                                                                                                                             respect
                                                                                                                                             to
                                                                                                                                             which
                                                                                                                                             consent
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             making
                                                                                                                                             of
                                                                                                                                             such
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             was
                                                                                                                                             provided
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             this
                                                                                                                                             Section 2.2).
                                                                                                                                             For
                                                                                                                                             the
                                                                                                                                             avoidance
                                                                                                                                             of
                                                                                                                                             doubt,
                                                                                                                                             if
                                                                                                                                             such
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             is
                                                                                                                                             withdrawn
                                                                                                                                             or
                                                                                                                                             terminated
                                                                                                                                             (or
                                                                                                                                             such
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             ceases
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer),
                                                                                                                                             the
                                                                                                                                             right
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             to
                                                                                                                                             submit
                                                                                                                                             any
                                                                                                                                             further
                                                                                                                                             request
                                                                                                                                             shall
                                                                                                                                             terminate
                                                                                                                                             and
                                                                                                                                             the
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             shall
                                                                                                                                             not
                                                                                                                                             have
                                                                                                                                             a
                                                                                                                                             right
                                                                                                                                             to
                                                                                                                                             amend
                                                                                                                                             or
                                                                                                                                             modify
                                                                                                                                             any
                                                                                                                                             existing
                                                                                                                                             request
                                                                                                                                             or
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             (unless
                                                                                                                                             another
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             has
                                                                                                                                             commenced
                                                                                                                                             and
                                                                                                                                             is
                                                                                                                                             pending).

 

	(b)	Notwithstanding
                                                                                                                                             the
                                                                                                                                             foregoing,
                                                                                                                                             and
                                                                                                                                             if
                                                                                                                                             and
                                                                                                                                             only
                                                                                                                                             if
                                                                                                                                             (i) a
                                                                                                                                             Core
                                                                                                                                             Competitor
                                                                                                                                             that
                                                                                                                                             is
                                                                                                                                             not
                                                                                                                                             acting
                                                                                                                                             on
                                                                                                                                             behalf
                                                                                                                                             of,
                                                                                                                                             in
                                                                                                                                             concert
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             encouragement
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             member
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Shareholder
                                                                                                                                             Group
                                                                                                                                             commences,
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer,
                                                                                                                                             (ii) the
                                                                                                                                             Board
                                                                                                                                             recommends
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             shareholders
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             a
                                                                                                                                             transaction
                                                                                                                                             that
                                                                                                                                             would
                                                                                                                                             result
                                                                                                                                             in
                                                                                                                                             a
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             or
                                                                                                                                             otherwise
                                                                                                                                             approves
                                                                                                                                             such
                                                                                                                                             transaction
                                                                                                                                             or
                                                                                                                                             (iii) the
                                                                                                                                             Company
                                                                                                                                             enters
                                                                                                                                             into
                                                                                                                                             a
                                                                                                                                             definitive
                                                                                                                                             and
                                                                                                                                             binding
                                                                                                                                             agreement
                                                                                                                                             to
                                                                                                                                             implement
                                                                                                                                             a
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control,
                                                                                                                                             then
                                                                                                                                             a
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             permitted
                                                                                                                                             to
                                                                                                                                             submit
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Board
                                                                                                                                             a
                                                                                                                                             Competing
                                                                                                                                             Offer;
                                                                                                                                             provided,
                                                                                                                                             however,
                                                                                                                                             that
                                                                                                                                             if
                                                                                                                                             such
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer,
                                                                                                                                             Board
                                                                                                                                             recommendation
                                                                                                                                             or
                                                                                                                                             approval
                                                                                                                                             of
                                                                                                                                             a
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             transaction,
                                                                                                                                             as
                                                                                                                                             applicable,
                                                                                                                                             is
                                                                                                                                             withdrawn
                                                                                                                                             or
                                                                                                                                             terminated
                                                                                                                                             or
                                                                                                                                             such
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             ceases
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             prior
                                                                                                                                             to
                                                                                                                                             a
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             being
                                                                                                                                             validly
                                                                                                                                             submitted
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Board,
                                                                                                                                             the
                                                                                                                                             right
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             Requesting
                                                                                                                                             Party
                                                                                                                                             to
                                                                                                                                             submit
                                                                                                                                             a
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             (with
                                                                                                                                             respect
                                                                                                                                             to
                                                                                                                                             such
                                                                                                                                             prior
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             or
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             transaction)
                                                                                                                                             shall
                                                                                                                                             terminate
                                                                                                                                             and,
                                                                                                                                             if
                                                                                                                                             a
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             has
                                                                                                                                             been
                                                                                                                                             validly
                                                                                                                                             submitted
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Board
                                                                                                                                             prior
                                                                                                                                             to
                                                                                                                                             such
                                                                                                                                             withdrawal
                                                                                                                                             or
                                                                                                                                             termination
                                                                                                                                             of
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             or
                                                                                                                                             recommendation
                                                                                                                                             or
                                                                                                                                             approval
                                                                                                                                             of
                                                                                                                                             a
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             transaction
                                                                                                                                             or
                                                                                                                                             prior
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             time
                                                                                                                                             at
                                                                                                                                             which
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             ceases
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             a
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer,
                                                                                                                                             such
                                                                                                                                             Competing
                                                                                                                                             Offer
                                                                                                                                             shall
                                                                                                                                             not
                                                                                                                                             be
                                                                                                                                             amended
                                                                                                                                             or
                                                                                                                                             modified
                                                                                                                                             (unless
                                                                                                                                             another
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             meeting
                                                                                                                                             the
                                                                                                                                             requirements
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Section 2.2(b)
                                                                                                                                             and
                                                                                                                                             Section 2.2(c) has
                                                                                                                                             commenced
                                                                                                                                             and
                                                                                                                                             is
                                                                                                                                             pending
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             Board
                                                                                                                                             recommends
                                                                                                                                             or
                                                                                                                                             approves
                                                                                                                                             another
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             transaction).

 

	(c)	For
                                                                                                                                             purposes
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement,
                                                                                                                                             “Bona
                                                                                                                                             Fide
                                                                                                                                             Offer”
                                                                                                                                             shall
                                                                                                                                             mean
                                                                                                                                             a
                                                                                                                                             public
                                                                                                                                             bona
                                                                                                                                             fide
                                                                                                                                             offer
                                                                                                                                             (i) to
                                                                                                                                             acquire
                                                                                                                                             at
                                                                                                                                             least
                                                                                                                                             eighty
                                                                                                                                             percent
                                                                                                                                             (80%) (or
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             case
                                                                                                                                             of
                                                                                                                                             an
                                                                                                                                             offer
                                                                                                                                             by
                                                                                                                                             a
                                                                                                                                             Core
                                                                                                                                             Competitor,
                                                                                                                                             more
                                                                                                                                             than
                                                                                                                                             fifty
                                                                                                                                             percent
                                                                                                                                             (50.0%)) of
                                                                                                                                             the
                                                                                                                                             outstanding
                                                                                                                                             Voting
                                                                                                                                             Securities
                                                                                                                                             at
                                                                                                                                             a
                                                                                                                                             premium
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             trading
                                                                                                                                             price
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Common
                                                                                                                                             Stock
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             New
                                                                                                                                             York
                                                                                                                                             Stock
                                                                                                                                             Exchange
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             trading
                                                                                                                                             day
                                                                                                                                             immediately
                                                                                                                                             prior
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             date
                                                                                                                                             on
                                                                                                                                             which
                                                                                                                                             the
                                                                                                                                             offer
                                                                                                                                             is
                                                                                                                                             commenced
                                                                                                                                             or
                                                                                                                                             otherwise
                                                                                                                                             announced
                                                                                                                                             publicly,
                                                                                                                                             (ii) (A) that
                                                                                                                                             is
                                                                                                                                             not
                                                                                                                                             conditioned
                                                                                                                                             on
                                                                                                                                             financing
                                                                                                                                             (unless
                                                                                                                                             such
                                                                                                                                             offer
                                                                                                                                             is
                                                                                                                                             made
                                                                                                                                             by
                                                                                                                                             a
                                                                                                                                             Core
                                                                                                                                             Competitor)
                                                                                                                                             and
                                                                                                                                             (B) that
                                                                                                                                             is
                                                                                                                                             either
                                                                                                                                             fully
                                                                                                                                             financed
                                                                                                                                             or
                                                                                                                                             supported
                                                                                                                                             by
                                                                                                                                             a
                                                                                                                                             binding
                                                                                                                                             commitment
                                                                                                                                             letter
                                                                                                                                             or
                                                                                                                                             for
                                                                                                                                             which
                                                                                                                                             the
                                                                                                                                             offeror
                                                                                                                                             has
                                                                                                                                             available
                                                                                                                                             cash
                                                                                                                                             in
                                                                                                                                             an
                                                                                                                                             amount
                                                                                                                                             sufficient
                                                                                                                                             to
                                                                                                                                             consummate
                                                                                                                                             such
                                                                                                                                             acquisition
                                                                                                                                             and
                                                                                                                                             (iii) with
                                                                                                                                             respect
                                                                                                                                             to
                                                                                                                                             which
                                                                                                                                             there
                                                                                                                                             is
                                                                                                                                             no
                                                                                                                                             reason
                                                                                                                                             to
                                                                                                                                             believe
                                                                                                                                             that
                                                                                                                                             such
                                                                                                                                             offer
                                                                                                                                             will
                                                                                                                                             not
                                                                                                                                             be
                                                                                                                                             consummated
                                                                                                                                             due
                                                                                                                                             to
                                                                                                                                             regulatory
                                                                                                                                             or
                                                                                                                                             anti-trust
                                                                                                                                             approvals.
                                                                                                                                             For
                                                                                                                                             purposes
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement,
                                                                                                                                             a
                                                                                                                                             “Competing
                                                                                                                                             Offer”
                                                                                                                                             shall
                                                                                                                                             mean
                                                                                                                                             a
                                                                                                                                             bona
                                                                                                                                             fide
                                                                                                                                             offer
                                                                                                                                             to
                                                                                                                                             acquire
                                                                                                                                             at
                                                                                                                                             least
                                                                                                                                             the
                                                                                                                                             same
                                                                                                                                             percentage
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             outstanding
                                                                                                                                             Voting
                                                                                                                                             Securities
                                                                                                                                             as
                                                                                                                                             is
                                                                                                                                             proposed
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             acquired
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             proposed
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             transaction
                                                                                                                                             on
                                                                                                                                             terms
                                                                                                                                             and
                                                                                                                                             conditions
                                                                                                                                             that
                                                                                                                                             are
                                                                                                                                             more
                                                                                                                                             favorable
                                                                                                                                             from
                                                                                                                                             a
                                                                                                                                             financial
                                                                                                                                             point
                                                                                                                                             of
                                                                                                                                             view
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             and
                                                                                                                                             its
                                                                                                                                             shareholders
                                                                                                                                             than
                                                                                                                                             the
                                                                                                                                             Bona
                                                                                                                                             Fide
                                                                                                                                             Offer
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             proposed
                                                                                                                                             Change
                                                                                                                                             of
                                                                                                                                             Control
                                                                                                                                             transaction.

 

	CORNING INCORPORATED - 2013 Form 10-K	5

    	 

    	Back to Contents

    
	ARTICLE III     	REPRESENTATIONS

 

Section 3.1       Shareholder
Representations

 

Each of Samsung and the Shareholder represents
and warrants as follows:

 

	(a)	Power
                                                                                                                                             and
                                                                                                                                             Authority.
                                                                                                                                             It
                                                                                                                                             has
                                                                                                                                             all
                                                                                                                                             requisite
                                                                                                                                             corporate
                                                                                                                                             power
                                                                                                                                             and
                                                                                                                                             authority
                                                                                                                                             to
                                                                                                                                             enter
                                                                                                                                             into
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             and
                                                                                                                                             to
                                                                                                                                             perform
                                                                                                                                             its
                                                                                                                                             obligations
                                                                                                                                             hereunder.

 

	(b)	Binding
                                                                                                                                             Effect.
                                                                                                                                             This
                                                                                                                                             Agreement
                                                                                                                                             has
                                                                                                                                             been
                                                                                                                                             duly
                                                                                                                                             executed
                                                                                                                                             and
                                                                                                                                             delivered
                                                                                                                                             by
                                                                                                                                             each
                                                                                                                                             of
                                                                                                                                             Samsung
                                                                                                                                             and
                                                                                                                                             the
                                                                                                                                             Shareholder (as applicable) and is a valid
and binding agreement of each of Samsung and the Shareholder (as applicable), enforceable against each of Samsung and the Shareholder
(as applicable) in accordance with its terms.

 

Section 3.2       Company
Representations

 

The Company represents and warrants as follows:

 

	(a)	Power
                                                                                                                                             and
                                                                                                                                             Authority.
                                                                                                                                             The
                                                                                                                                             Company
                                                                                                                                             has
                                                                                                                                             all
                                                                                                                                             requisite
                                                                                                                                             corporate
                                                                                                                                             power
                                                                                                                                             and
                                                                                                                                             authority
                                                                                                                                             to
                                                                                                                                             enter
                                                                                                                                             into
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             and
                                                                                                                                             to
                                                                                                                                             perform
                                                                                                                                             its
                                                                                                                                             obligations
                                                                                                                                             hereunder.

 

	(b)	Binding
                                                                                                                                             Effect.
                                                                                                                                             This
                                                                                                                                             Agreement
                                                                                                                                             has
                                                                                                                                             been
                                                                                                                                             duly
                                                                                                                                             executed
                                                                                                                                             and
                                                                                                                                             delivered
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             and
                                                                                                                                             is
                                                                                                                                             a
                                                                                                                                             valid
                                                                                                                                             and
                                                                                                                                             binding
                                                                                                                                             agreement
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Company,
                                                                                                                                             enforceable
                                                                                                                                             against
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             its
                                                                                                                                             terms.

 

	ARTICLE IV     	TERMINATION

 

Section 4.1       Termination

 

The term of this Agreement is perpetual,
but may be terminated at any time by the mutual written consent of the Parties hereto. Notwithstanding the foregoing, this Agreement
and all of its provisions shall terminate upon the earlier of (a) twelve (12) months after the date hereof if the Closing
shall not have occurred prior to such date; (b) the later of the date of the termination of this Agreement and the date falling
six (6) months after the date hereof, if the Framework Agreement is validly terminated prior to the Closing due to a breach
of the Framework Agreement by any of the Corning Parties (as defined therein), (c) the later of the date of the termination
of this Agreement and the date falling eighteen (18) months after the date hereof, if the Framework Agreement is validly
terminated prior to the Closing due to a breach of the Framework Agreement by the Shareholder, (d) the consummation of a
Change of Control, or (e) following the Closing at the end of a continuous two (2)-year period (A) beginning on or after
the eighteenth (18th) anniversary of the date hereof and (B) during which for the entire time the Shareholder
Group Beneficially Owns less than the Total Ownership Percentage of zero point three percent (0.30%). For the avoidance of doubt,
unless mutually consented in writing by the Parties, in no event shall this Agreement terminate pursuant to clause (e) prior
to the twentieth (20th) anniversary of the date hereof.

 

Section 4.2       Effect
of Termination

 

From and after a termination in accordance
with Section 4.1, this Agreement shall become null and void and of no further force and effect, except for Section 5.2,
Section 5.3, Section 5.5, Section 5.8 and Section 5.12, which shall continue in
full force and effect indefinitely. The termination of this Agreement shall not affect any rights or obligations that shall have
arisen or accrued prior to the date of termination.

 

	ARTICLE V     	MISCELLANEOUS

 

Section 5.1       No
Other Agreements

 

Each of Samsung and the Shareholder shall
not (and shall cause its Affiliates not to) enter into any other voting, buy-sell, shareholder or other agreement relating to
any Company Securities that conflicts with or is otherwise inconsistent in any way with this Agreement.

 

	CORNING INCORPORATED - 2013 Form 10-K	6

    	 

    	Back to Contents

    

Section 5.2       Announcements

 

Neither the Company, Samsung nor the Shareholder
shall make any public announcement with respect to the existence or terms of this Agreement without the prior approval of the
other Parties. Notwithstanding the foregoing, nothing in this Section 5.2 shall prevent any Party from making any
public announcement or filing it determines to be reasonably necessary in order to satisfy its obligations under applicable Law
or under the rules of any national securities exchange.

 

Section 5.3       Specific
Performance

 

	(a)	The
                                                                                                                                             Parties
                                                                                                                                             agree
                                                                                                                                             that
                                                                                                                                             irreparable
                                                                                                                                             damage
                                                                                                                                             would
                                                                                                                                             occur
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             event
                                                                                                                                             that
                                                                                                                                             any
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             provisions
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             were
                                                                                                                                             not
                                                                                                                                             performed
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             their
                                                                                                                                             specific
                                                                                                                                             terms
                                                                                                                                             or
                                                                                                                                             were
                                                                                                                                             otherwise
                                                                                                                                             breached.
                                                                                                                                             Each
                                                                                                                                             Party
                                                                                                                                             agrees
                                                                                                                                             that,
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             event
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             breach
                                                                                                                                             or
                                                                                                                                             threatened
                                                                                                                                             breach
                                                                                                                                             by
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             Party
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             covenant
                                                                                                                                             or
                                                                                                                                             obligation
                                                                                                                                             contained
                                                                                                                                             in
                                                                                                                                             this
                                                                                                                                             Agreement,
                                                                                                                                             the
                                                                                                                                             non-breaching
                                                                                                                                             Party
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             entitled
                                                                                                                                             (in
                                                                                                                                             addition
                                                                                                                                             to
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             remedy
                                                                                                                                             that
                                                                                                                                             may
                                                                                                                                             be
                                                                                                                                             available
                                                                                                                                             to
                                                                                                                                             it
                                                                                                                                             whether
                                                                                                                                             in
                                                                                                                                             Law
                                                                                                                                             or
                                                                                                                                             equity,
                                                                                                                                             including
                                                                                                                                             monetary
                                                                                                                                             damages)
                                                                                                                                             to
                                                                                                                                             seek
                                                                                                                                             to
                                                                                                                                             obtain
                                                                                                                                             (i) a
                                                                                                                                             decree
                                                                                                                                             or
                                                                                                                                             order
                                                                                                                                             of
                                                                                                                                             specific
                                                                                                                                             performance
                                                                                                                                             to
                                                                                                                                             enforce
                                                                                                                                             the
                                                                                                                                             observance
                                                                                                                                             and
                                                                                                                                             performance
                                                                                                                                             of
                                                                                                                                             such
                                                                                                                                             covenant
                                                                                                                                             or
                                                                                                                                             obligation
                                                                                                                                             and
                                                                                                                                             (ii) an
                                                                                                                                             injunction
                                                                                                                                             restraining
                                                                                                                                             such
                                                                                                                                             breach
                                                                                                                                             or
                                                                                                                                             threatened
                                                                                                                                             breach.
                                                                                                                                             Each
                                                                                                                                             Party
                                                                                                                                             acknowledges
                                                                                                                                             and
                                                                                                                                             agrees
                                                                                                                                             that
                                                                                                                                             (A) each
                                                                                                                                             Party
                                                                                                                                             is
                                                                                                                                             entitled
                                                                                                                                             to
                                                                                                                                             seek
                                                                                                                                             to
                                                                                                                                             specifically
                                                                                                                                             enforce
                                                                                                                                             the
                                                                                                                                             terms
                                                                                                                                             and
                                                                                                                                             provisions
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             and
                                                                                                                                             (B) the
                                                                                                                                             right
                                                                                                                                             of
                                                                                                                                             specific
                                                                                                                                             enforcement
                                                                                                                                             is
                                                                                                                                             an
                                                                                                                                             integral
                                                                                                                                             part
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             transactions
                                                                                                                                             contemplated
                                                                                                                                             by
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             and
                                                                                                                                             without
                                                                                                                                             that
                                                                                                                                             right,
                                                                                                                                             none
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Parties
                                                                                                                                             hereto
                                                                                                                                             would
                                                                                                                                             have
                                                                                                                                             entered
                                                                                                                                             into
                                                                                                                                             this
                                                                                                                                             Agreement.

 

	(b)	Each
                                                                                                                                             Party
                                                                                                                                             further
                                                                                                                                             agrees
                                                                                                                                             that
                                                                                                                                             (i) such
                                                                                                                                             Party
                                                                                                                                             will
                                                                                                                                             not
                                                                                                                                             oppose
                                                                                                                                             the
                                                                                                                                             granting
                                                                                                                                             of
                                                                                                                                             an
                                                                                                                                             injunction,
                                                                                                                                             specific
                                                                                                                                             performance
                                                                                                                                             and
                                                                                                                                             other
                                                                                                                                             equitable
                                                                                                                                             relief
                                                                                                                                             as
                                                                                                                                             provided
                                                                                                                                             herein
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             basis
                                                                                                                                             that
                                                                                                                                             the
                                                                                                                                             other
                                                                                                                                             party
                                                                                                                                             has
                                                                                                                                             an
                                                                                                                                             adequate
                                                                                                                                             remedy
                                                                                                                                             at
                                                                                                                                             Law
                                                                                                                                             or
                                                                                                                                             an
                                                                                                                                             award
                                                                                                                                             of
                                                                                                                                             specific
                                                                                                                                             performance
                                                                                                                                             is
                                                                                                                                             not
                                                                                                                                             an
                                                                                                                                             appropriate
                                                                                                                                             remedy
                                                                                                                                             for
                                                                                                                                             any
                                                                                                                                             reason
                                                                                                                                             at
                                                                                                                                             Law
                                                                                                                                             or
                                                                                                                                             equity
                                                                                                                                             and
                                                                                                                                             (ii) no
                                                                                                                                             other
                                                                                                                                             party
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             Person
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             required
                                                                                                                                             to
                                                                                                                                             obtain,
                                                                                                                                             furnish
                                                                                                                                             or
                                                                                                                                             post
                                                                                                                                             any
                                                                                                                                             bond
                                                                                                                                             or
                                                                                                                                             similar
                                                                                                                                             instrument
                                                                                                                                             in
                                                                                                                                             connection
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             as
                                                                                                                                             a
                                                                                                                                             condition
                                                                                                                                             to
                                                                                                                                             obtaining
                                                                                                                                             any
                                                                                                                                             remedy
                                                                                                                                             referred
                                                                                                                                             to
                                                                                                                                             in
                                                                                                                                             this
                                                                                                                                             Section 5.3,
                                                                                                                                             and
                                                                                                                                             each
                                                                                                                                             Party
                                                                                                                                             irrevocably
                                                                                                                                             waives
                                                                                                                                             any
                                                                                                                                             right
                                                                                                                                             it
                                                                                                                                             may
                                                                                                                                             have
                                                                                                                                             to
                                                                                                                                             require
                                                                                                                                             the
                                                                                                                                             obtaining,
                                                                                                                                             furnishing
                                                                                                                                             or
                                                                                                                                             posting
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             bond
                                                                                                                                             or
                                                                                                                                             similar
                                                                                                                                             instrument.

 

Section 5.4       Assignment;
Binding Effect

 

Except as expressly provided herein,
neither this Agreement nor any of the rights, interests or obligations under this Agreement will be assigned, in whole or in
part, by any of the Parties without the prior written consent of the other Parties. Any purported assignment without such
prior written consent will be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the
benefit of, and be enforceable by, the Parties and their respective successors and assigns.

 

Section 5.5       Notices

 

All notices, requests and other communications
provided for or permitted to be given under this Agreement must be in writing and shall be given by personal delivery, by certified
or registered United States mail (postage prepaid, return receipt requested), by a nationally recognized overnight delivery service
for next day delivery, by facsimile transmission, as follows (or to such other address as any Party may give in a notice given
in accordance with the provisions hereof):

 

	(a)	If
    to the Company to:
	 	 
	 	Corning
    Incorporated
	 	One
    Riverfront Plaza
	 	Corning,
    New York 14831

	 	Attention:	Corporate
    Secretary
	 	Fax:	+1-607-974-6686

	 	 
	 	with
    a copy to (which shall not constitute notice):
	 	 
	 	Wachtell,
    Lipton, Rosen & Katz
	 	51
    West 52nd Street
	 	New
    York, New York 10019-6150
	 	 	 

	 	Attention:	Andrew
    R. Brownstein
	 	 	Ronald
    C. Chen
	 	Fax:	(212)
    403-2000

 

	(b)	If
    to Samsung or the Shareholder to:
	 	 
	 	Samsung
    Electronics Co., Ltd.
	 	38th
    Fl., Samsung Electronics Bldg.
	 	1320-10,
    Seocho 2-Dong, Seocho-Gu
	 	Seoul,
    Korea 137-857

	 	Attention:	International
    Legal Department, Office of the General Counsel
	 	Fax:	+82-2-2255-8380

	 	 
	 	with
    a copy to (which shall not constitute notice):
	 	 
	 	Paul
    Hastings LLP
	 	33/F
    West Tower, Mirae Asset Center1
	 	67,
    Suha-dong, Jung-gu
	 	Seoul,
    100-210, Korea
	 	 	 

	 	Fax:	+82-2-6321-3902
	 	Attention:	Daniel
    Sae-Chin Kim

 

or to such other address or facsimile number
as such Party may hereafter specify by notice to the other Parties hereto. Each such notice, request or other communication shall
be effective (i) if given by facsimile, when such facsimile is transmitted to the facsimile number specified above and electronic
confirmation of transmission is received or (ii) if given by any other means, when delivered at the address specified in
this Section 5.5.

 

	CORNING INCORPORATED - 2013 Form 10-K	7

    	 

    	Back to Contents

    

Section 5.6       Amendment;
Waiver

 

This Agreement may be amended,
modified, waived or altered only in a writing signed by the Parties hereto. The failure of a Party to insist upon the
performance of any provision hereof shall not constitute a waiver of, or estoppel against, assertion of the right to require
such performance, nor shall a waiver or estoppel in one case or instance imply a waiver or estoppel with respect to any other
case or instance, whether of similar nature or otherwise.

 

Section 5.7       Descriptive
Headings

 

The descriptive headings of this Agreement
are inserted for convenience only and shall not constitute a part of this Agreement.

 

Section 5.8       Expenses

 

Each Party shall bear its own costs and
expenses in connection with the negotiation, execution and performance of this Agreement.

 

Section 5.9       Severability

 

If any term or other provision of this Agreement
is invalid, illegal or incapable of being enforced by any rule of applicable Law or public policy, all other conditions and provisions
of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions
contemplated hereby are fulfilled to the extent possible.

 

Section 5.10     Further
Assurances

 

The Parties agree to cooperate fully in
the execution, acknowledgment and delivery of all instruments, agreements and other papers and to take such other actions as may
be necessary to further carry out and fully accomplish the intent and purposes of this Agreement.

 

Section 5.11     Entire
Agreement

 

This Agreement, the Shareholder Agreement
and the Framework Agreement (including all the other Transaction Documents (as defined in the Framework Agreement)) constitute
the entire agreement between the Parties respecting the subject matter of this Agreement and supersedes all prior agreements,
negotiations, understandings, representations and statements respecting the subject matter of this Agreement, whether written
or oral.

 

Section 5.12     Governing
Law; Jurisdiction

 

	(a)	This
                                                                                                                                             Agreement
                                                                                                                                             and
                                                                                                                                             the
                                                                                                                                             transactions
                                                                                                                                             contemplated
                                                                                                                                             hereby,
                                                                                                                                             and
                                                                                                                                             all
                                                                                                                                             disputes
                                                                                                                                             between
                                                                                                                                             the
                                                                                                                                             Parties
                                                                                                                                             under
                                                                                                                                             or
                                                                                                                                             related
                                                                                                                                             to
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             or
                                                                                                                                             the
                                                                                                                                             facts
                                                                                                                                             and
                                                                                                                                             circumstances
                                                                                                                                             leading
                                                                                                                                             to
                                                                                                                                             its
                                                                                                                                             execution,
                                                                                                                                             whether
                                                                                                                                             in
                                                                                                                                             contract,
                                                                                                                                             tort
                                                                                                                                             or
                                                                                                                                             otherwise,
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             governed
                                                                                                                                             by
                                                                                                                                             and
                                                                                                                                             construed
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             Laws
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             State
                                                                                                                                             of
                                                                                                                                             New
                                                                                                                                             York,
                                                                                                                                             applicable
                                                                                                                                             to
                                                                                                                                             contracts
                                                                                                                                             executed
                                                                                                                                             in
                                                                                                                                             and
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             performed
                                                                                                                                             entirely
                                                                                                                                             within
                                                                                                                                             the
                                                                                                                                             State
                                                                                                                                             of
                                                                                                                                             New
                                                                                                                                             York,
                                                                                                                                             without
                                                                                                                                             regard
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             conflicts
                                                                                                                                             of
                                                                                                                                             Laws
                                                                                                                                             principles
                                                                                                                                             thereof.

 

	(b)	In
                                                                                                                                             the
                                                                                                                                             event
                                                                                                                                             any
                                                                                                                                             Party
                                                                                                                                             to
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             commences
                                                                                                                                             any
                                                                                                                                             litigation,
                                                                                                                                             proceeding
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             legal
                                                                                                                                             action
                                                                                                                                             in
                                                                                                                                             connection
                                                                                                                                             with
                                                                                                                                             or
                                                                                                                                             relating
                                                                                                                                             to
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             matters
                                                                                                                                             described
                                                                                                                                             or
                                                                                                                                             contemplated
                                                                                                                                             herein,
                                                                                                                                             the
                                                                                                                                             Parties
                                                                                                                                             to
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             hereby
                                                                                                                                             irrevocably
                                                                                                                                             and
                                                                                                                                             unconditionally
                                                                                                                                             (i) agree
                                                                                                                                             that
                                                                                                                                             any
                                                                                                                                             litigation,
                                                                                                                                             proceeding
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             legal
                                                                                                                                             action
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             instituted
                                                                                                                                             exclusively
                                                                                                                                             in
                                                                                                                                             a
                                                                                                                                             court
                                                                                                                                             of
                                                                                                                                             competent
                                                                                                                                             jurisdiction
                                                                                                                                             located
                                                                                                                                             within
                                                                                                                                             the
                                                                                                                                             City
                                                                                                                                             of
                                                                                                                                             New
                                                                                                                                             York,
                                                                                                                                             New
                                                                                                                                             York,
                                                                                                                                             whether
                                                                                                                                             a
                                                                                                                                             state
                                                                                                                                             or
                                                                                                                                             federal
                                                                                                                                             court;
                                                                                                                                             (ii) agree
                                                                                                                                             that
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             event
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             litigation,
                                                                                                                                             proceeding
                                                                                                                                             or
                                                                                                                                             action,
                                                                                                                                             such
                                                                                                                                             Parties
                                                                                                                                             irrevocably
                                                                                                                                             and
                                                                                                                                             unconditionally
                                                                                                                                             consent
                                                                                                                                             and
                                                                                                                                             submit
                                                                                                                                             to
                                                                                                                                             personal
                                                                                                                                             jurisdiction
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             court
                                                                                                                                             described
                                                                                                                                             in
                                                                                                                                             clause
                                                                                                                                             (i) of
                                                                                                                                             this
                                                                                                                                             Section 5.12(b) and
                                                                                                                                             to
                                                                                                                                             service
                                                                                                                                             of
                                                                                                                                             process
                                                                                                                                             upon
                                                                                                                                             them
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             rules
                                                                                                                                             and
                                                                                                                                             statutes
                                                                                                                                             governing
                                                                                                                                             service
                                                                                                                                             of
                                                                                                                                             process
                                                                                                                                             (it
                                                                                                                                             being
                                                                                                                                             understood
                                                                                                                                             that
                                                                                                                                             nothing
                                                                                                                                             in
                                                                                                                                             this
                                                                                                                                             Section 5.12(b) shall
                                                                                                                                             be
                                                                                                                                             deemed
                                                                                                                                             to
                                                                                                                                             prevent
                                                                                                                                             any
                                                                                                                                             Party
                                                                                                                                             from
                                                                                                                                             seeking
                                                                                                                                             to
                                                                                                                                             remove
                                                                                                                                             any
                                                                                                                                             action
                                                                                                                                             to
                                                                                                                                             a
                                                                                                                                             federal
                                                                                                                                             court
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             City
                                                                                                                                             of
                                                                                                                                             New
                                                                                                                                             York,
                                                                                                                                             New
                                                                                                                                             York);
                                                                                                                                             (iii) waive
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             full
                                                                                                                                             extent
                                                                                                                                             permitted
                                                                                                                                             by
                                                                                                                                             Law
                                                                                                                                             any
                                                                                                                                             objection
                                                                                                                                             that
                                                                                                                                             they
                                                                                                                                             may
                                                                                                                                             now
                                                                                                                                             or
                                                                                                                                             hereafter
                                                                                                                                             have
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             venue
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             litigation,
                                                                                                                                             proceeding
                                                                                                                                             or
                                                                                                                                             action
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             court
                                                                                                                                             or
                                                                                                                                             that
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             litigation,
                                                                                                                                             proceeding
                                                                                                                                             or
                                                                                                                                             action
                                                                                                                                             was
                                                                                                                                             brought
                                                                                                                                             in
                                                                                                                                             an
                                                                                                                                             inconvenient
                                                                                                                                             forum;
                                                                                                                                             (iv) agree
                                                                                                                                             as
                                                                                                                                             an
                                                                                                                                             alternative
                                                                                                                                             method
                                                                                                                                             of
                                                                                                                                             service
                                                                                                                                             to
                                                                                                                                             service
                                                                                                                                             of
                                                                                                                                             process
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             legal
                                                                                                                                             proceeding
                                                                                                                                             by
                                                                                                                                             mailing
                                                                                                                                             of
                                                                                                                                             copies
                                                                                                                                             thereof
                                                                                                                                             to
                                                                                                                                             such
                                                                                                                                             Party
                                                                                                                                             at
                                                                                                                                             its
                                                                                                                                             address
                                                                                                                                             set
                                                                                                                                             forth
                                                                                                                                             in
                                                                                                                                             Section 5.5 for
                                                                                                                                             communications
                                                                                                                                             to
                                                                                                                                             such
                                                                                                                                             Party;
                                                                                                                                             (v) agree
                                                                                                                                             that
                                                                                                                                             any
                                                                                                                                             service
                                                                                                                                             made
                                                                                                                                             as
                                                                                                                                             provided
                                                                                                                                             herein
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             effective
                                                                                                                                             and
                                                                                                                                             binding
                                                                                                                                             service
                                                                                                                                             in
                                                                                                                                             every
                                                                                                                                             respect;
                                                                                                                                             and
                                                                                                                                             (vi) agree
                                                                                                                                             that
                                                                                                                                             nothing
                                                                                                                                             herein
                                                                                                                                             shall
                                                                                                                                             affect
                                                                                                                                             the
                                                                                                                                             rights
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             Party
                                                                                                                                             to
                                                                                                                                             effect
                                                                                                                                             service
                                                                                                                                             of
                                                                                                                                             process
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             manner
                                                                                                                                             permitted
                                                                                                                                             by
                                                                                                                                             Law.
                                                                                                                                             The
                                                                                                                                             Parties
                                                                                                                                             hereto
                                                                                                                                             agree
                                                                                                                                             that
                                                                                                                                             a
                                                                                                                                             final
                                                                                                                                             judgment
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             such
                                                                                                                                             litigation,
                                                                                                                                             proceeding
                                                                                                                                             or
                                                                                                                                             action
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             conclusive
                                                                                                                                             and
                                                                                                                                             may
                                                                                                                                             be
                                                                                                                                             enforced
                                                                                                                                             in
                                                                                                                                             other
                                                                                                                                             jurisdictions
                                                                                                                                             by
                                                                                                                                             suit
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             judgment
                                                                                                                                             or
                                                                                                                                             in
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             manner
                                                                                                                                             provided
                                                                                                                                             by
                                                                                                                                             Law.

 

	(c)	EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY

 

	CORNING INCORPORATED - 2013 Form 10-K	8

    	 

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	 	RIGHT
                                                                                                                                             SUCH
                                                                                                                                             PARTY
                                                                                                                                             MAY
                                                                                                                                             HAVE
                                                                                                                                             TO
                                                                                                                                             A
                                                                                                                                             TRIAL
                                                                                                                                             BY
                                                                                                                                             JURY
                                                                                                                                             IN
                                                                                                                                             RESPECT
                                                                                                                                             OF
                                                                                                                                             ANY
                                                                                                                                             LITIGATION
                                                                                                                                             DIRECTLY
                                                                                                                                             OR
                                                                                                                                             INDIRECTLY
                                                                                                                                             ARISING
                                                                                                                                             OUT
                                                                                                                                             OF
                                                                                                                                             OR
                                                                                                                                             RELATING
                                                                                                                                             TO
                                                                                                                                             THIS
                                                                                                                                             AGREEMENT
                                                                                                                                             OR
                                                                                                                                             THE
                                                                                                                                             TRANSACTIONS
                                                                                                                                             CONTEMPLATED
                                                                                                                                             BY
                                                                                                                                             THIS
                                                                                                                                             AGREEMENT.
                                                                                                                                             EACH
                                                                                                                                             PARTY
                                                                                                                                             CERTIFIES
                                                                                                                                             AND
                                                                                                                                             ACKNOWLEDGES
                                                                                                                                             THAT
                                                                                                                                             (i) NO
                                                                                                                                             REPRESENTATIVE,
                                                                                                                                             AGENT
                                                                                                                                             OR
                                                                                                                                             ATTORNEY
                                                                                                                                             OF
                                                                                                                                             ANY
                                                                                                                                             OTHER
                                                                                                                                             PARTY
                                                                                                                                             HAS
                                                                                                                                             REPRESENTED,
                                                                                                                                             EXPRESSLY
                                                                                                                                             OR
                                                                                                                                             OTHERWISE,
                                                                                                                                             THAT
                                                                                                                                             SUCH
                                                                                                                                             OTHER
                                                                                                                                             PARTY
                                                                                                                                             WOULD
                                                                                                                                             NOT,
                                                                                                                                             IN
                                                                                                                                             THE
                                                                                                                                             EVENT
                                                                                                                                             OF
                                                                                                                                             LITIGATION,
                                                                                                                                             SEEK
                                                                                                                                             TO
                                                                                                                                             ENFORCE
                                                                                                                                             THE
                                                                                                                                             FOREGOING
                                                                                                                                             WAIVER,
                                                                                                                                             (ii) EACH
                                                                                                                                             PARTY
                                                                                                                                             UNDERSTANDS
                                                                                                                                             AND
                                                                                                                                             HAS
                                                                                                                                             CONSIDERED
                                                                                                                                             THE
                                                                                                                                             IMPLICATIONS
                                                                                                                                             OF
                                                                                                                                             THIS
                                                                                                                                             WAIVER,
                                                                                                                                             (iii) EACH
                                                                                                                                             PARTY
                                                                                                                                             MAKES
                                                                                                                                             THIS
                                                                                                                                             WAIVER
                                                                                                                                             VOLUNTARILY,
                                                                                                                                             AND
                                                                                                                                             (iv) EACH
                                                                                                                                             PARTY
                                                                                                                                             HAS
                                                                                                                                             BEEN
                                                                                                                                             INDUCED
                                                                                                                                             TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.12(c).

 

Section 5.13     Counterparts;
Facsimile

 

This Agreement and any amendments hereto
may be executed in one or more counterparts, each of which shall be deemed an original and all such counterparts shall constitute
one and the same instrument. Any executed counterpart delivered by facsimile or other means of electronic transmission shall be
deemed an original for all purposes.

 

Section 5.14     Obligations

 

All shares of the Company Securities acquired
by any member of the Shareholder Group in breach of this Agreement are referred to as the “Breach Shares.”
The Shareholder agrees that it will, and will cause its Affiliates, Samsung and Samsung’s Affiliates to, comply with Section 2.1
and Section 3.1 of the Shareholder Agreement with respect to the voting of the Breach Shares. For the avoidance of doubt,
the failure to use reasonable best efforts as required by Section 2.1(a) or the failure to sell the Breach Shares
by the end of the Cure Period shall be a breach of this Agreement.

 

[Signature Page Follows]

 

	CORNING INCORPORATED - 2013 Form 10-K	9

    	 

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IN WITNESS WHEREOF, the undersigned have
caused this Agreement to be signed by their respective duly authorized officers as of the date first written above.

 

	SAMSUNG ELECTRONICS CO., LTD.	 
	 	 
	By:	/s/
    Oh-Hyun Kwon	 
	Name:	Oh-Huyn
    Kwon	 
	Title:	Vice
    Chairman & CEO	 
	 	 
	SAMSUNG DISPLAY CO., LTD.	 
	 	 
	By:	/s/
    Baik Kyu Song	 
	Name:	Baik
    Kyu Song	 
	Title:	Executive
    Vice President	 

 

[Signature Page to Standstill Agreement]

 

	CORNING INCORPORATED - 2013 Form 10-K	10

    	 

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IN WITNESS WHEREOF, the undersigned have
caused this Agreement to be signed by their respective duly authorized officers as of the date first written above.

 

	CORNING
    INCORPORATED	 
	 	 
	By:	/s/
    Lawrence D. McRae	 
	Name:	Lawrence
    D. McRae	 
	Title:	Executive
    Vice President	 

 

[Signature Page to Standstill Agreement]

 

	CORNING INCORPORATED - 2013 Form 10-K	11

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