ARWR » Topics » WHEREAS

This excerpt taken from the ARWR 8-K filed May 13, 2009.

WHEREAS

This First Amendment refers to and amends the Joint Development Agreement (JDA) entered into between LG Display Co., Ltd. and Unidym, Inc. dated February 16, 2009.

NOW THEREFORE, in consideration of the terms and mutual agreements hereinafter defined, the parties have agreed to further amend the JDA as follows:

 

 

1.

The Preamble shall be amended to read, “This Joint Development Agreement (“Agreement”) is made and effective as of this 16th day of February, 2008 (“Effective Date”) by and between Unidym, Inc, a Delaware Corporation, having its principal place of business at 1430 O’Brien Drive, Suite G, Menlo Park, CA 94025, U.S.A. (“Unidym”) and LG Display Co., Ltd., a Korean Corporation having its principal place of business at LG Twin Towers (West), 20 Yoido-dong, Youngdungpo-gu, Seoul, 150-721, South Korea (“LG”); each of Unidym and LG may be referred to herein as a “Party” or, collectively, as the “Parties.”

 

  2. Section 1 (Definitions) shall include the following definitions:

“Unidym Information” shall mean information regarding WET thickness of CNT dispersion, WET thickness of Topcoat, dry thickness of CNT film, the component of CNT ink, the component of Topcoat ink, CNT uniformity, CNT purity, details about modification of CNT ink, whether or not relating to development of advanced material, methodology for improving CNT film’s performance, methodology for improving CNT ink’s stability, thermal treatment condition of Topcoat film, sheet resistance, transmittance, nozzle shim thickness, distance from slit die to substrate and coating speed.

“CNT Films” shall mean films coated by Unidym on substrates provided by LG.

 

  3. Section 2.2 shall be amended to include the following language: “Unidym shall provide the Unidym Information to LGD upon LGD’s request.

 

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  4. Section 3.3 shall be added and incorporated into the JDA and shall state the following: “Unidym shall provide to LGD, at Unidym’s cost, CNT Films and CNT ink developed during Phase 2 in accordance with Appendix A on or before July 30, 2009.

 

  5. Section 3.4 shall be added and incorporated into the JDA and shall state the following: “Unidym shall provide to LGD, at Unidym’s cost, CNT Films and CNT ink developed during Phase 3 in accordance with Appendix A on or before November 30, 2009.

 

  6. Pursuant to Section 2.1 of the JDA, the Work Statements and Development Milestones as set forth in Appendix A of the JDA shall be deleted in its entirety and the Work Statements and Development Milestones which is attached hereto as Attachment A shall be incorporated in Appendix A of the JDA.

 

  7. Pursuant to Section 7.2 of the JDA, the “News Release to be Announced” as set forth in Appendix C of the JDA shall be deleted in its entirety and the “News Release to be Announced” which is attached hereto as Attachment B shall be incorporated in Appendix C of the JDA, provided that Unidym shall only issue the press release as an 8-K filing by Arrowhead Research Corporation, on Unidym’s company Website, and on Arrowhead Research Corporation’s Website.

 

  8. Except as specifically provided herein, the JDA shall remain in full force and effect.

 

  9. This First Amendment may be executed in any number of counterparts, each of which shall be deemed to an original, and such counterparts together shall constitute one instrument.

IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this First Amendment on the date and year first above mentioned.

 

Signed for and on behalf of

Unidym, Inc.

  

Signed for and on behalf of

LG Display Co., Ltd.

 

  

 

Name :

Designation :

  

Name :

Designation:

 

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ATTACHMENT A

Work Statements and Development Milestones

 

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