Exhibit 10.26
certain identified information, marked herein with [***], has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential.
SUPPLEMENTAL OLED MATERIAL PURCHASE AGREEMENT
THIS SUPPLEMENTAL OLED MATERIAL PURCHASE AGREEMENT (this “Agreement”) is entered into effective as of January 1, 2023 (the “Effective Date”), by and between Samsung Display Co., Ltd. (“SDC”), an entity incorporated under the laws of the Republic of Korea and having a place of business at 1 Samsung-ro, Giheung-gu, Yongin-si, Gyeonggi-do, 17113, Korea, and UDC Ireland Limited (“UDC”), an entity incorporated under the laws of Ireland and having a place of business at Suite 14, Plaza 256, Blanchardstown Corporate Park 2, Ballycoolin, Dublin 15, D15PR23, Ireland.
BACKGROUND
WHEREAS, UDC makes and sells certain materials for use in organic light emitting devices;
WHEREAS, SDC desires to purchase these materials from UDC on the terms and conditions set forth herein;
WHEREAS, UDC and SDC have on the date hereof entered into an OLED PATENT LICENSE AGREEMENT (the “Main Agreement”) to which this Agreement is a supplement; and
WHEREAS, terms not defined herein shall have the meanings ascribed to them in the Main Agreement.
NOW, THEREFORE, intending to be legally bound, SDC and UDC agree as follows:
AGREEMENT
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives:
Samsung Display Co., Ltd. UDC Ireland Limited
By: /s/ Joo Sun Choi By: /s/ Sidney D. Rosenblatt
Name: JOO SUN CHOI Name: SIDNEY D. ROSENBLATT
Title: President and CEO Title: Director
Date: December 2, 2022 Date: December 2, 2022
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Exhibit A
Material Purchase Commitment
During the Term, [***], SDC’s minimum purchase commitment shall be [***]. Failure to meet the foregoing requirements shall constitute a material breach of this Agreement.
[***]
Material Pricing
The pricing charged to SDC or its Permitted Sublicensees for red and green non-solution process Phosphorescent Materials for the manufacture of Licensed Products shall be set forth in the Supply Agreement, [***].
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