Amendment No. 1 to the SPONSORED RESEARCH AGREEMENT between Universal Display Corporation and The University of Southern California
Amendment
No. 1
to
the
between
Universal
Display Corporation
and
The
University of Southern California
This
Amendment No. 1 (this “Amendment”) shall
amend and modify, to the extent of any inconsistency, the Sponsored Research
Agreement entered into effective as of May 1, 2006, by and between Universal
Display Corporation (“UDC”) and the
University of Southern California (“USC”). This
Amendment is deemed effective as of May 1, 2006.
WHEREAS,
USC has subcontracted a portion of the Research under the Agreement to the
University of Michigan (“Michigan”);
and
WHEREAS,
USC, Michigan and UDC agree to supplement the Research under the Agreement to
include a program entitled “Research on Advanced Organic Thin Film
Electroluminescent Device and Related Applications: Add-On Task for
Investigation of Curved Focal Planes” (the “Supplemental
Program”), which program is under the ongoing direction of Xx. Xxxxxxx X.
Xxxxxxx at Michigan.
1. The
Research under the Agreement is supplemented to include the ongoing Supplemental
Program. A Work Plan for the Supplemental Program is attached to this
Amendment as Exhibit A-1, which
exhibit is hereby incorporated into the Agreement by reference.
2. UDC shall
pay for actual work performed on the Supplemental Program according to the
attached Work Plan for that program, up to the amounts specified in the
Supplemental Budget attached hereto as Exhibit B-1. Exhibit B-1 is hereby
incorporated into the Agreement by reference.
3. All of
the other terms and conditions of the Agreement shall remain the same and in
full force and effect.
IN
WITNESS WHEREOF,
the parties hereto have executed this Amendment No. 1 by their duly authorized
representatives.
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Universal
Display Corp Corporation
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The
University of Southern California
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By: /s/
Xxxxxx X. Xxxxxxxx
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By: /s/
Xxxxxx-Xxx Xxxxxx
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Title: President
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Title: Senior
Contract & Grant Administrator
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Department
of Contracts and Grants
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Date: January
25, 2007
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Date: 1/24/2007
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/s/ Xxxxxxx
Xxxxxxx
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Date: 1/10/07
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Xxxxxxxxx
Xxxxxxx X. Xxxxxxx
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Michigan
Principal Investigator
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UDC
Confidential
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