Common use of Form of Exercise Notice Clause in Contracts

Form of Exercise Notice. (To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) To: Universal Display Corporation The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock ("Warrant Shares") of Universal Display Corporation, a Pennsylvania corporation (the "Company"), evidenced by Warrant No. C-2 issued by the Company to the undersigned (the "Warrant"). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.

Form of Exercise Notice. (To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) To: Universal Display Corporation The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock ("Warrant Shares") of Universal Display Corporation, a Pennsylvania corporation (the "Company"), evidenced by Warrant No. C-2 A-2 issued by the Company to the undersigned (the "Warrant"). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.

Form of Exercise Notice. (To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) To: Universal Display Corporation The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock ("Warrant Shares") of Universal Display Corporation, a Pennsylvania corporation (the "Company"), evidenced by Warrant No. C-2 A-1 issued by the Company to the undersigned (the "Warrant"). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.

Form of Exercise Notice. (To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) To: Universal Display Corporation The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock ("Warrant Shares") of Universal Display Corporation, a Pennsylvania corporation (the "Company"), evidenced by Warrant No. C-2 C-1 issued by the Company to the undersigned (the "Warrant"). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.

Form of Exercise Notice. (To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) To: Universal Display Corporation The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock ("Warrant Shares") of Universal Display Corporation, a Pennsylvania corporation (the "Company"), evidenced by Warrant No. C-2 B-1 issued by the Company to the undersigned (the "Warrant"). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.