Document:

ex10_4.htm

    
      

      

    

    AMENDMENT
#1

     

    to
the

     

    COMMERCIAL
SUPPLY AGREEMENT

    (Originally
effective April 5, 2007)

     

    by
and between

     

    Chi
Mei EL Corporation (“CMEL”)

     

    and

     

    Universal
Display Corporation (“UDC”)

    

    

    This
Amendment #1 shall amend and modify, to the extent of any inconsistency, the
provisions of the above-referenced Commercial Supply Agreement (the
“Agreement”).  The effective date of this Amendment #1 is December 31,
2008.

    

    The
Agreement is hereby amended to such that the term of the Agreement shall
continue for one (1) additional year, through December 31,
2009.  Toward this end, the Section 9.1 of the Agreement is hereby
amended and restated as follows:

    

    “Unless
otherwise extended by mutual written agreement of the parties, the term of this
Agreement shall commence on the Effective Date and shall continue until the
sooner of December 31, 2009, or the date on which this Agreement is terminated
as permitted hereunder.”

    

    Except as
set forth herein, all other terms and conditions of the Agreement shall remain
in full force and effect.

    

    

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

    

    
      
        
          
            	
                    Chi
      Mei EL Corporation

                  	 
      	
                    Universal
      Display Corporation

                  
	 
      	 
      	 
      
	
                    By:

                  	
                      
      /s/ Sung Soo Park

                  	 
      	
                    By:

                  	
                      
      /s/ Steven V. Abramson

                  
	
                    Name:

                  	
                      
      Sung Soo Park

                  	 
      	
                    Name:

                  	
                      
      Steven V. Abramson

                  
	
                    Title:

                  	
                      
      President

                  	 
      	
                    Title:

                  	
                      
      President

                  
	 
      	 
      	 
      
	
                    Date:

                  	
                      
      2009.2.26

                  	 
      	
                    Date:

                  	
                      
      March 16, 2009ex10_5.htm

    
      

      

    

    AMENDMENT
No. 1

     

    to
the

     

    SETTLEMENT
AND LICENSE AGREEMENT

    (originally
effective as of July 31, 2006)

     

    by
and between

     

    UNIVERSAL
DISPLAY CORPORATION (“UDC”)

     

    and

     

    SEIKO
EPSON CORPORATION (“EPSON”)

    

    

    This
Amendment No. 1 shall amend and modify, to the extent of any inconsistency, the
provisions of the above-referenced Settlement and License Agreement (the “Agreement”).  This
Amendment No. 1 shall be effective as of March 30, 2009.

    

    
      	
              1.  

            	
              The
      deadline for the credit referred to in the fifth (5th) sentence of Article
      4 of the Agreement is hereby extended [The confidential material contained
      herein has been omitted and has been separately filed with the
      Commission.]

            

    

    

    
      	
              2.  

            	
              Except
      as set forth in this Amendment No. 1, all other terms and conditions of
      the Agreement shall remain in full force and
  effect.

            

    

    

    

    IN WITNESS WHEREOF, the
parties hereto have caused this Amendment No. 1 to be duly signed by their
respective authorized representatives as of the dates written
below.

    

    

    

    
      
        
          
            
              
                
                  	
                          UNIVERSAL
      DISPLAY CORPORATION

                        	 
      	
                          SEIKO
      EPSON CORPORATION

                        
	 
      	 
      	 
      
	
                          By:

                        	
                            
      /s/ Steven V. Abramson

                        	 
      	
                          By:

                        	
                            
      /s/ Mitsuro Atobe

                        
	
                          Name:

                        	
                            
      Steven V. Abramson

                        	 
      	
                          Name:

                        	
                            
      Mitsuro Atobe

                        
	
                          Title:

                        	
                            
      President

                        	 
      	
                          Title:

                        	
                            
      Deputy General

                        
	 
      	 
      	 
      	 
      	
                              
      Administrative Manager,

                        
	 
      	 
      	 
      	 
      	
                              
      Corporate Research &

                        
	 
      	 
      	 
      	 
      	
                              
      Development Division

                        
	 
      	 
      	 
      	 
      	 
      
	
                          Date:

                        	
                            
      March 31, 2009

                        	 
      	
                          Date:

                        	
                            
      24 Mar.
2009Exhibit 10.1

Exhibit 10.1

THIRD AMENDMENT TO

AMENDED AND RESTATED LOAN AGREEMENT

THIS THIRD AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT, dated as of March 20th, 2009 (this "Amendment"), is made by and among Keltic Financial Partners, LP, a Delaware limited partnership ("Keltic"), and Bridge Healthcare Finance, LLC, a Delaware limited liability company ("Bridge", and together with Keltic, individually and collectively, "Lender"), and Hudson Technologies Company, a Tennessee corporation ("Borrower").

WITNESSETH

WHEREAS, Borrower and Keltic are parties to that certain Amended and Restated Loan Agreement, dated as of June 26, 2007 (as it may be amended, restated, modified or supplemented from time to time, the "Loan Agreement"; capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Loan Agreement); and

WHEREAS, Borrower has requested that Lender agree to a temporary increase in the Maximum Facility to $17,000,000, which increase will be funded by Bridge, and Lender is willing to do so subject to the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises, the covenants and agreements contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties do hereby agree as follows:

STATEMENT OF TERMS

1.Amendment.  From the effective date of this Amendment through July 15, 2009, the Maximum Facility shall be increased by $2,000,000 to $17,000,000.  The increase shall be funded by Bridge.  Effective as of the close of business on July 15, 2009, such temporary increase shall be null and void, and the Maximum Facility shall be as set forth in that Second Amendment to Amended and Restated Loan Agreement dated April 17, 2008 between Borrower and Bridge.   

2.Representations and Warranties.  To induce Lender to enter into this Amendment, Borrower hereby represents and warrants to Lender as follows: (a) each representation and warranty set forth in the Loan Agreement is true and correct on and as of the date hereof ; (b) no Default or Event of Default has occurred and is continuing as of this date under the Loan Agreement or the other Loan Documents (c) Borrower has the power and is duly authorized to enter into, deliver and perform this Amendment and to perform its obligations under the Loan Agreement, as amended hereby; (d) each of this Amendment and the Loan Agreement, as amended hereby, constitutes the legal, valid and binding obligation of Borrower enforceable against it in accordance with its terms; and (e) that since June 26, 2007 there have been no liens, encumbrances, security interests or claims filed against or created in Borrower's owned property located at Champaign, Illinois.

3.Conditions Precedent to Effectiveness of this Amendment. The effectiveness of this Amendment is subject to the fulfillment of the following conditions precedent, each as determined by each Lender:

(a)Lender shall have received one or more counterparts of this Amendment duly executed and delivered by Borrower;  

(b)Lender shall have received one or more counterparts of the Agreement and Consent of Guarantors attached to this Amendment duly executed and delivered by each such Guarantor; 

(c)Bridge shall have received an Allonge to its Revolving Note increasing the principal amount thereof by $2,000,000 to $7,000,000, which Allonge shall be null and void as of the close of business on July 15, 2009;   

(d)Keltic and Bridge shall have entered into an amendment to that certain Assignment and Assumption Agreement dated April 17, 2008, and such other agreements relating thereto as such parties require; and 

(e)Lender shall have received such other agreements, documents, certificates and instruments as Lender may reasonably require. 

4.Intentionally Left Blank.  

5.Continuing Effect of Loan Agreement.  Except as expressly amended and modified hereby, the provisions of the Loan Agreement and the Liens granted hereunder, are and shall remain in full force and effect, and are hereby ratified and confirmed by Borrower.

6.Release.  In consideration of the agreements of Lender contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower and each Guarantor, on behalf of itself/himself and its/his successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Lender, and its successors and assigns, and its present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Lender and all such other Persons being hereinafter referred to collectively as the "Releasees" and individually as a "Releasee"), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which Borrower and/or such Guarantor or any of its/his successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, including, without limitation, for or on account of, or in relation to, or in any way in connection with any of the Loan Agreement, the Guaranty or any of the other Loan Documents or transactions, course of performance or course of dealing thereunder or related thereto; provided, however, that nothing herein shall release Lender from its obligations to Borrower under the terms of this Amendment.

7.Counterparts.  This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. Any signature delivered by a party via facsimile shall be deemed to be an original signature hereto.

8.Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND

CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE WITHOUT REGARD TO THE PRINCIPLES THEREOF REGARDING CONFLICTS OF LAWS.

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the day and year first specified above.

	
HUDSON TECHNOLOGIES COMPANY

	 	 
	
By:
	
/s/ Brian F. Coleman

	
Name:
	
Brian F. Coleman

	
Title:
	
President and Chief Operating Officer

	
KELTIC FINANCIAL PARTNERS, LP

	
By
	
KELTIC FINANCIAL SERVICES LLC,

	 	
its general partner

	
By:
	
/s/ John P. Reilly

	
Name:
	
John P. Reilly

	
Title:
	
President and Chief Executive Officer

	
BRIDGE HEALTHCARE FINANCE, LLC

	 	 
	
By:
	
/s/ Kim Gordon

	
Name:
	
Kim Gordon

	
Title:
	
Executive Vice President and Chief Credit Officer

 

 

AGREEMENT AND CONSENT OF GUARANTORS

Each of the undersigned guarantors, intending to be legally bound, does hereby (a) agree to the provisions of Section 6 of the foregoing Amendment, (b) consent to the execution, delivery and performance of the within and foregoing Amendment, and (c) confirm and reaffirm, without setoff, counterclaim, deduction or other claim of avoidance of any nature, the continuing effect of such guarantor's guaranty of the Obligations after giving effect to the foregoing Amendment.

HUDSON TECHNOLOGIES, INC.

 

By:/s/ Brian F. Coleman

Name:Brian F. Coleman

Title:President 

 

HUDSON HOLDINGS, INC.

 

By:/s/ Brian F. Coleman

Name:Brian F. Coleman

Title:President 

Dated: March 20, 2009

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