PRINCETON UNIVERSITY,
RESEARCH AGREEMENT
Amendment No. 1
The Trustees of Princeton University ("Princeton") and Universal
Display Corporation ("Sponsor"), having previously entered into a Research
Agreement effective August 1, 1997 (the "Agreement"), do mutually agree to amend
the Agreement as follows:
1. Section 1 of the Agreement (Statement of Work) is hereby amended to include
the following paragraph:
The research undertaken or to be undertaken by Princeton under the
Agreement shall be deemed to include the work described in the appended
Technical Work Plan, which Technical Work Plan is hereby added to the
Agreement. Princeton acknowledges and agrees that all work performed by
it and/or its researchers in accordance with this Technical Work Plan
shall be deemed "funded under" the Agreement for purposes of Section 7
of the Agreement (Intellectual Property), all at no additional cost to
Sponsor.
2. Except as specifically modified by this Amendment, all of the provisions of
the Agreement are hereby ratified and confirmed to be in full force and effect,
and shall remain in full force and effect.
UDC, Inc., a wholly owned subsidiary of The Trustees of Princeton University
Universal Display Corporation
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Pres. By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
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President Associate ▇▇▇▇▇▇▇
Date: 11/14/00 Date: 8/1/2000
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Professor ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Principal Investigator /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Date: 10/30/00
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