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<SEC-DOCUMENT>0001104659-06-083748.txt : 20061222
<SEC-HEADER>0001104659-06-083748.hdr.sgml : 20061222
<ACCEPTANCE-DATETIME>20061222172110
ACCESSION NUMBER:		0001104659-06-083748
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20061222
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20061222
DATE AS OF CHANGE:		20061222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UTSTARCOM INC
		CENTRAL INDEX KEY:			0001030471
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				521782500
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29661
		FILM NUMBER:		061297786

	BUSINESS ADDRESS:	
		STREET 1:		1275 HARBOR BAY PARKWAY
		STREET 2:		STE 100
		CITY:			ALAMEDA
		STATE:			CA
		ZIP:			94502
		BUSINESS PHONE:		5108648800

	MAIL ADDRESS:	
		STREET 1:		1275 HARBOR BAY PARKWAY
		STREET 2:		STE 100
		CITY:			ALAMEDA
		STATE:			CA
		ZIP:			94502
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a06-26412_18k.htm
<DESCRIPTION>CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES
<TEXT>
<html>

<head>






</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">
 <div style="border:none;border-top:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><a name="scotch"></a></p> </div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</font>Washington, D.C. 20549</b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM 8-K</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">CURRENT REPORT</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</font></b></p>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">Date of Report
(Date of earliest event reported): </font></b>December 22, 2006</p>

<p style="font-size:10.0pt;font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UTSTARCOM, INC.<br>
</font></b><font style="font-weight:normal;">(Exact
name of registrant as specified in its charter)</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:31.74%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Delaware</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:31.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">000-29661</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:31.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">52-1782500</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:31.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
  jurisdiction of incorporation)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:31.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
  Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:31.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer
  Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1275
Harbor Bay Parkway<br>
Alameda, California 94502<br>
</font></b>(Address of principal executive offices)&#160;&#160;&#160; (Zip code)</p>

<p align="center" style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(510)
864-8800<br>
</font></b>(Registrant&#146;s telephone number, including area code)</p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">N/A</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former
address, if changed since last report.)</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):</font></p>

<p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</p>

<p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>


 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div style="font-family:Times New Roman;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
8.01 Other Events.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On December
22, 2006, UTStarcom, Inc., a Delaware corporation (the &#147;Company&#148;), announced in the press
release attached hereto as Exhibit 99.1, that the Company is soliciting
consents from the holders of its 7/8% Convertible Subordinated Notes due 2008
(the &#147;Notes&#148;).&#160; The Company is requesting
a waiver, to and including May&nbsp;31, 2007, of any default or event of
default under the terms of the indenture governing the Notes that may arise
from its failure to file with the Securities and Exchange Commission and
furnish to the trustee and holders of the Notes, certain reports required to be
filed under the Securities Exchange Act of 1934 and certain amendments to the
indenture governing the Notes.&#160; The
consent solicitation statement delivered to holders the Notes and the related
form of letter of consent are attached hereto as exhibits and are incorporated
herein in their entirety.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01
Financial Statements and Exhibits.</font></b></p>

<p style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Exhibits</p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.7%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->99.1</p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.02%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.28%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press release entitled &#147;UTStarcom Commences
  Noteholder Consent Solicitation.&#148;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.2</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.02%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.28%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent Solicitation Statement dated December 22,
  2006 related to the Company&#146;s </font>7/8% Convertible Subordinated Notes due
  2008.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.3</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.02%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.28%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Letter of Consent related to the Company&#146;s 7/8% Convertible
  Subordinated Notes due 2008.</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" bgcolor="white" style="background:white;border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.04%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="39%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:39.58%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM,
  INC.</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.04%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->Date:
  December 22, 2006</p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:32.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Francis P. Barton</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:32.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Francis P. Barton</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="58%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:58.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President and Chief<br>
  Financial Officer</font></p>
  </td>
 </tr>
</table>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt 288.0pt;text-indent:-36.0pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INDEX TO EXHIBITS</font></u></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Exhibit Number</p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Exhibit Title</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="83%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release entitled &#147;UTStarcom Commences
  Noteholder Consent Solicitation.&#148;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.2</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent Solicitation Statement dated December 22,
  2006 related to the Company&#146;s </font>7/8% Convertible Subordinated Notes due
  2008.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.3</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form of Letter of Consent related to the Company&#146;s 7/8% Convertible
  Subordinated Notes due 2008.</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">4</font></p>
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<SEQUENCE>2
<FILENAME>a06-26412_1ex99d1.htm
<DESCRIPTION>EX-99
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<p align="right" style="margin:0pt 0pt 12.0pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>

<p align="right" style="margin:0pt 0pt 12.0pt;text-align:right;"><font size="2" face="Times New Roman"><img width="180" height="51" src="g264121mmi001.jpg"></font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM COMMENCES
NOTEHOLDER CONSENT SOLICITATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ALAMEDA, CA, Dec. 22,
2006&#151;UTStarcom, Inc. (NASDAQ: UTSI) today announced that it is soliciting
consents from the holders of its 7/8% convertible subordinated notes due 2008
(CUSIP Nos. 918076AA8 and 918076AB6). UTStarcom is seeking consents to proposed
amendments of certain provisions of the indenture pursuant to which the notes
were issued and a waiver of rights to pursue remedies available under the
indenture with respect to certain defaults thereunder. The consent solicitation
is expected to expire at 5:00 p.m., New York City time, on Friday, Jan. 5,
2007, unless extended to a later time or date or terminated early (the
&#147;Expiration Date&#148;).</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As previously disclosed,
UTStarcom has not yet filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2006. The
trustee contends that the delay in filing constitutes a default under the
indenture and has given UTStarcom a notice of default. UTStarcom believes that the
notice of default is invalid and without merit, in part, because the indenture
does not specify a time period within which UTStarcom must file its report with
the SEC. However, for the time being, UTStarcom has determined to solicit
consents to proposed amendments to the indenture that would give UTStarcom
until Thursday, May&nbsp;31, 2007, to become current in its reporting
obligations and a waiver of rights to pursue remedies available under the
indenture with respect to any default caused by its delay in filing SEC reports
or by its failure to deliver certain compliance certificates to the trustee
concerning its compliance with the provisions of the indenture.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders of record as of
5:00 p.m., New York City time, on December 21, 2006, who validly deliver and do
not revoke their consents prior to the Expiration Date, will receive a consent
fee of $5,492,000 divided pro rata among all consenting noteholders.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The effectiveness of the
proposed amendments and waiver and the payment of the consent fee is subject to
the receipt of valid consents that are not revoked in respect of at least a
majority of the aggregate principal amount outstanding of the notes. Holders of
the notes may revoke their consents at any time before the proposed amendments
and waiver become effective, but upon receipt by UTStarcom of the consents of a
majority of holders of the notes and evidence of</font></p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">such receipt provided to
the trustee the waiver will become effective, a supplemental indenture setting
forth the amendments will be executed and consents may no longer be revoked
unless UTStarcom fails to pay holders the consent fee.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Citigroup Global Markets
Inc. is serving as the solicitation agent for the consent solicitation.
Questions regarding the consent solicitation may be directed to Citigroup
Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106. The
information agent for the consent solicitation is Global Bondholder Services
Corporation. Requests for copies of the Consent Solicitation Statement and
related documents may be directed to Global Bondholder Services Corporation at
(866) 794-2200 (toll- free) or (212) 430-3774.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This announcement is not
an offer to purchase, a solicitation of an offer to purchase or a solicitation
of consents with respect to the notes nor is this announcement an offer to sell
or a solicitation of an offer to purchase new securities. The consent
solicitation is made solely by means of the Consent Solicitation Statement
dated December 22, 2006, and the related Consent Form.</font></p>

<p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About
UTStarcom, Inc.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom is a global
leader in IP-based, end-to-end networking solutions and international service
and support. The company sells its broadband, wireless, and handset solutions
to operators in both emerging and established telecommunications markets around
the world. UTStarcom enables its customers to rapidly deploy revenue-generating
access services using their existing infrastructure, while providing a
migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and
headquartered in Alameda, California, the company has research and design operations
in the United States, Canada, China, Korea and India. UTStarcom is a FORTUNE
1000 company</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">For
more information about UTStarcom, visit the company&#146;s Web site at </font>www.utstar.com.</font></p>

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<p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Forward-Looking Statements</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This press release
includes statements that disclose UTStarcom&#146;s or management&#146;s intentions,
expectations or predictions of the future, including statements about claims of
default with respect to UTStarcom&#146;s notes and potential consequences, and these
statements are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act. UTStarcom cautions that these statements
involve risks and uncertainties and other factors that may cause results to
differ materially from those anticipated at the time such statements are made.
In addition, potential risks and uncertainties include, among other things: (1)
the results of the review of UTStarcom&#146;s historical stock-based compensation
practices and the related potential accounting impact; (2) the timing of the
completion of such review by the special committee of UTStarcom&#146;s Board of
Directors and the independent outside legal counsel engaged by the
committee&#160; to conduct the review; (3) any
potential restatement and filing of previously issued financial statements and
assessment of the effectiveness of disclosure controls and procedures and
internal control over financial reporting; (4) the review and filing of
UTStarcom&#146;s Form 10-Q for the fiscal quarter ended September 30, 2006; (5) the
possibility that the occurrence of an event of default under the indenture
could cause acceleration of repayment of the entire principal amounts and
accrued interest on the notes; (6) the possibility that the NASDAQ Listing
Qualifications Panel may not grant UTStarcom&#146;s request for an extension to regain
compliance with NASDAQ listing qualifications or UTStarcom&#146;s failure to regain
compliance within any extension period that is granted, in which case
UTStarcom&#146;s common stock would be delisted from The NASDAQ Stock Market; (7)
any adverse results of lawsuits or governmental inquiries; and (8) additional
risks and uncertainties and important factors described in UTStarcom&#146;s filings
with the SEC, including our most recent annual report on Form 10-K. There can
be no assurance that the outcome of the review by UTStarcom&#146;s special committee
of UTStarcom&#146;s past stock-based compensation practices and the related
potential accounting impact will not result in a restatement of financial
results provided by the company for any historical period. Although we believe
the expectations reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that our expectations will be
attained or that results will not materially differ. We undertake no obligation
to publicly</font></p>

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise, except as may be required by law.</font></p>

<h2 style="font-weight:normal;margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Company Contact</font></b></h2>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andy Tennille<br>
Senior Manager, Public Relations<br>
UTStarcom, Inc.<br>
(510) 814-4421<br>
andy.tennille@utstar.com</font></p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">###</font></p>

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<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>a06-26412_1ex99d2.htm
<DESCRIPTION>EX-99
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<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>

<p align="right" style="margin:0pt 0pt 12.0pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
99.2</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM,
INC.<br>
CONSENT SOLICITATION STATEMENT</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Solicitation of Consents Relating to Amendments to and Waiver<br>
under the Indenture Governing the Following Notes:</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="52%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:52.4%;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Title&nbsp;of&nbsp;Security</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="21%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:21.24%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Principal&nbsp;Amount&nbsp;Outstanding</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="21%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:21.24%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">CUSIP&nbsp;Numbers</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="52%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:52.4%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7/8% Convertible Subordinated
  Notes due 2008</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="20%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.26%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">274,600,000</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.24%;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">918076AA8<br>
  918076AB6</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="391" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="155" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="158" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Consent
Solicitation for the Notes will expire at 5:00 p.m., New York City time, on
January 5, 2007, unless otherwise extended or earlier terminated (such time and
date, as the same may be extended or earlier terminated, the &#147;Consent Date&#148;).
You will be eligible to receive a Consent Fee only if you validly deliver a
consent prior to the Consent Date (and do not properly revoke such consent
prior to the Effective Date).&#160; The
Proposed Amendments and Waiver will become effective only upon (i) receipt by
the Trustee of an officers&#146; certificate of UTStarcom certifying that the
Requisite Consents to the Proposed Amendments and Waiver have been received
(and not properly revoked) and have been accepted for payment by UTStarcom and
(ii) due execution and delivery by UTStarcom and the Trustee of a Supplemental
Indenture implementing the Proposed Amendments (such time and date when both
the events referred to in both (i) and (ii) have occurred, the &#147;Effective
Date&#148;), which could be prior to the Consent Date.&#160; </font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject
to the terms and conditions set forth in this Consent Solicitation Statement
(as it may be amended or supplemented from time to time, the &#147;Consent
Solicitation Statement&#148;) and the related Letter of Consent (as it may be
amended or supplemented from time to time, the &#147;Letter of Consent&#148;), UTStarcom,
Inc., a Delaware corporation (&#147;UTStarcom&#148; or &#147;we&#148;), is hereby soliciting
consents (such solicitation being referred to herein as the &#147;Consent Solicitation&#148;)
of Holders (as defined below) as of the Record Date (as defined below) of its
7/8% Convertible Subordinated Notes due 2008 (CUSIP Nos. 918076AA8 and
918076AB6) (the &#147;Notes&#148;), issued and outstanding under the Indenture (the &#147;Indenture&#148;),
dated as of March 12, 2003, by and between UTStarcom, as issuer, and U.S. Bank
National Association, as trustee (the &#147;Trustee&#148;), to the Proposed Amendments
and Waivers, as further described herein.&#160;
Capitalized terms used but not defined herein have the meanings set
forth in the Indenture.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">While
UTStarcom does not believe that it is currently in Default under the Indenture,
the purpose of the Consent Solicitation is to obtain the consents required by
the Indenture to implement certain amendments to the Indenture (the &#147;Proposed
Amendments&#148;), and obtain a waiver (the &#147;Proposed Waiver,&#148; and together with the
&#147;Proposed Amendments,&#148; the &#147;Proposed Amendments and Waiver&#148;), as further
described herein.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Proposed Amendment will provide that (i) during the period beginning with the
Effective Date to and including 5:30 p.m., May&nbsp;31, 2007 (the &#147;Expiration
Date&#148;), (a) any failure by UTStarcom to file with the Securities and Exchange
Commission (the &#147;SEC&#148;) prior to the applicable deadline specified in the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and to
deliver to the Trustee a copy of, any report or other information as it would
be required to file with the SEC under Section 13(a) or 15(d) of the Exchange
Act and any related notices or reports (collectively, the &#147;SEC Reports&#148;), (b)
any failure by UTStarcom to deliver certificates (&#147;Compliance Certificates&#148;) to
the Trustee regarding UTStarcom&#146;s compliance with covenants under the
Indenture, including compliance with Section 6.2 of the Indenture, 90 days
after the end of each fiscal year of UTStarcom, including, without limitation,
such Compliance Certificates to be delivered pursuant to Section 6.3 of the
Indenture, and (c) any failure by UTStarcom to otherwise comply with Section
6.2 or Section 6.3 of the Indenture will not constitute a default under the
Indenture (the requirements in the Indenture relating to matters referred to in
(a), (b) and (c) above, the &#147;Reporting Covenants&#148;); and (ii) if as of the
Expiration Date, we do not comply with the Reporting Covenants, any default
under the Indenture arising from such noncompliance that would have been deemed
to have occurred prior to the Effective Date without regard to the provisions
of the Supplemental Indenture, and would have been deemed to remain uncured as
of the Expiration Date without regard to the provisions of the Supplemental
Indenture, shall be deemed to have occurred as of the Expiration Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Proposed Waiver will provide that any and all defaults and Events of Default,
and the consequences thereof, that may have occurred or may occur under the
Indenture prior to the Effective Date due to the failure by UTStarcom to comply
with the Reporting Covenants shall be waived.&#160;
For a description of the Proposed Amendments and Waiver, see &#147;The
Proposed Amendments and Waiver.&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Proposed Amendments and Waiver are being presented as one proposal.
Accordingly, a consent purporting to consent to only the Proposed Amendments or
only the Proposed Waiver will not be valid, and the delivery of a consent by a
Holder will constitute delivery of a consent to the Proposed Amendments and
Waiver.</font></p>

<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">In this Consent Solicitation Statement, the term &#147;Record Date&#148; means
5:00 p.m., New York City time, on December 21, 2006, and the term &#147;Holder&#148;
means each person shown on the records of the registrar as a registered holder
of Notes as of the Record Date or a Participant (as defined below).&#160; See &#147;Important Information Regarding Consent
Delivery&#148; below.</font></b></p>

<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The Solicitation Agent for the Consent Solicitation is:</font></i></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">Citigroup</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December<b> </b>22, 2006</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IMPORTANT INFORMATION REGARDING THE CONSENT FEE</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligations of
UTStarcom to accept for payment any validly delivered (and not properly
revoked) consents from, and to pay the Consent Fee (as defined below) to,
Holders are subject to the satisfaction or waiver of the applicable conditions
described under &#147;The Consent Solicitation&#151;Conditions to Payment of the Consent
Fee&#148; below.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Requisite Consents
(as defined below) are received prior to the Consent Date, and are not properly
revoked prior to the Effective Date, subject to the terms of this Consent
Solicitation Statement and the Letter of Consent and the satisfaction of the
General Conditions (as defined below), we will, promptly after the Consent
Date, pay to the Holders from whom properly executed and completed Letters of
Consent are received by the Tabulation Agent (as defined below) prior to the
Consent Date and are not properly revoked prior to the Effective Date (such
Holders, the &#147;Consenting Holders&#148;) a consent fee (the &#147;Consent Fee&#148;) in cash equal
to that Consenting Holder&#146;s pro rata share of $5,492,000 (such aggregate dollar
amount, the &#147;Aggregate Consent Fee&#148;).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Consenting Holder&#146;s pro
rata share is equal to the quotient (expressed as a percentage) determined by
dividing (x)&nbsp;the aggregate principal amount of the Notes for which that
Consenting Holder has validly delivered prior to the Consent Date, and not
properly revoked prior to the Effective Date, consents, by (y) the aggregate
principal amount of all outstanding Notes for which consents to the Proposed
Amendments and Waiver are validly delivered prior to the Consent Date and not
properly revoked prior to the Effective Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The dollar amount of the
Aggregate Consent Fee was determined based on a fee of 200 basis points of the
aggregate principal amount of outstanding Notes, assuming that all of the
Holders validly deliver prior to the Consent Date (and do not revoke prior to
the Effective Date) their consents.&#160; If
fewer than all of the Holders validly deliver (and do not revoke) consents, then
the Consent Fee paid per $1,000 principal amount of Notes (to the extent that
any Consent Fee is paid) will be greater.</font></b></p>


 <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">i</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IMPORTANT INFORMATION REGARDING THE CONSENT
SOLICITATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The transfer of Notes
after the Record Date will not have the effect of revoking any consent
theretofore given by a Holder with respect to such Notes, and each properly
completed and executed Letter of Consent will be counted notwithstanding any
transfer of the Notes to which that Letter of Consent relates, unless the
procedure for revoking consents described herein and in the Letter of Consent
is satisfied with respect to that Letter of Consent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Amendments
require for effectiveness receipt of the consent of&#160; the Holders (the &#147;Requisite Consents&#148;) of a
majority in aggregate principal amount of the Notes then outstanding and not
owned by UTStarcom or by any person directly or indirectly controlling or
controlled by or under direct or indirect common control with UTStarcom (the &#147;Outstanding
Notes&#148;) to the Proposed Amendments and the execution and delivery of a
supplemental indenture&#160; to the Indenture
(the &#147;Supplemental Indenture&#148;) by UTStarcom and the Trustee in accordance with
Section 11.2 of the Indenture.&#160; The
Proposed Waiver requires for effectiveness receipt of the Requisite Consents.
The Proposed Waiver shall become effective only upon receipt by the Trustee of
an officers&#146; certificate from UTStarcom certifying that valid Requisite Consents to the Proposed Amendments and Waiver have
been received (and not properly revoked) and have been accepted for payment by
UTStarcom.&#160; The Consenting Holders
agree that such officer&#146;s certificate from UTStarcom to the Trustee shall
constitute notice of waiver from such Consenting Holder to the Trustee in
accordance with Section 8.4 of the Indenture.&#160;
The Effective Date could be prior to the Consent Date.&#160; We will make a public announcement of the
Effective Date at or prior to 9:00 a.m. New York Time on the next business day
after the Effective Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Consent Fee will be
payable when all conditions to the payment of the Consent Fee described under &#147;The
Consent Solicitation&#151;Conditions to Payment of the Consent Fee&#148; below have been
satisfied or waived.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The aggregate principal
amount of the Outstanding Notes is as set forth in the first table on the cover
page of this Consent Solicitation Statement under &#147;Principal Amount
Outstanding.&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only Holders whose
properly executed Letters of Consent are received by the Tabulation Agent prior
to the Consent Date, and who do not properly revoke their consent prior to the
Effective Date, will be eligible to receive the Consent Fee in the event the
Proposed Amendments and Waiver become effective and all other conditions to the
payment of the Consent Fee have been satisfied or waived.&#160; All other Holders will not be eligible to
receive the Consent Fee, but will be bound by the Supplemental Indenture and
the Proposed Waiver if and when each becomes effective.&#160; Subject to the terms and conditions of this
Consent Solicitation Statement and the related Letter of Consent, UTStarcom
will pay the Consent Fee (to the extent that any is paid) to the Consenting
Holders promptly following the later of the Effective Date and the Consent
Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Holders are requested to read and
consider carefully the information contained in this Consent Solicitation
Statement and the related Letter of Consent and to give their consent to the
Proposed Amendments and Waiver by properly completing and executing the
accompanying Letter of Consent in accordance with the instructions set forth
herein and therein and delivering it to the Tabulation Agent prior to the
Consent Date.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom expressly
reserves the right, in its discretion and regardless of whether any of the
conditions described under &#147;The Consent Solicitation&#151;Conditions to Payment of
the Consent Fee&#148; have been satisfied, subject to applicable law, at any time
prior to the Effective Date to (i) terminate or withdraw the Consent
Solicitation for any reason, (ii) waive any of the conditions to the payment of
the Consent Fee, (iii) extend the Consent Date, (iv)&nbsp;amend the terms of
the Consent Solicitation, (v) purchase Notes from time to time, including
during the Consent Solicitaiton, or (vi) modify the form or amount of the
consideration to be offered pursuant to the Consent Solicitation; provided,
however, if the Consent Solicitation is amended or modified in a manner
determined by UTStarcom in good faith to constitute a material adverse change
to the Holders, UTStarcom will promptly disclose such amendment or modification
in a manner it deems in good faith appropriate and will, if appropriate, extend
the Consent Solicitation for a period it deems in good faith adequate to permit
the Holders to deliver and/or revoke their consents.&#160; See &#147;The Consent Solicitation&#151; Conditions to
Payment of the Consent Fee.&#148;&#160; Even if a
Holder has validly delivered consents, no Consent Fee will be paid if the
Requisite Consents are not received, if all of the other conditions to the
payment of the Consent Fee have not been satisfied or waived, if the Consent
Solicitation is terminated or withdrawn for any reason, or if the Proposed
Amendments and Waiver do not otherwise become effective for any reason.</font></p>


 <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">ii</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IMPORTANT INFORMATION REGARDING CONSENT DELIVERY</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only Holders are eligible
to consent to the Proposed Amendments and Waiver.&#160; Any beneficial owner of Notes who is not a
Holder must arrange with the person who is the Holder or such Holder&#146;s assignee
or nominee to execute and deliver a Letter of Consent on behalf of such
beneficial owner.&#160; As of the Record Date,
the only Holder of the Notes is Cede &amp; Co., as nominee for The Depository
Trust Company (&#147;DTC&#148;).&#160; For purposes of
the Consent Solicitation, DTC has authorized DTC participants (&#147;Participants&#148;)
set forth in the position listing of DTC as of the Record Date to execute
Letters of Consent as if they were the Holders of the Notes held of record in
the name of DTC or the name of its nominee.&#160;
Accordingly, for purposes of the Consent Solicitation, the term &#147;Holder&#148;
shall be deemed to include such Participants.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders who wish to
consent to the Proposed Amendments and Waiver must deliver, prior to the
Consent Date (and not properly revoke prior to the Effective Date), their
properly completed and executed Letters of Consent to the Tabulation Agent as
set forth on the back cover page of this Consent Solicitation Statement and in
the Letter of Consent in accordance with the instructions set forth herein</font> and
therein.&#160; Consents should not be
delivered to UTStarcom, the Solicitation Agent, or the
Trustee.&#160; However, UTStarcom reserves the
right to accept any consent received by UTStarcom, the Solicitation Agent,
or the Trustee.&#160; <b>Under no circumstances
should any person tender Notes to UTStarcom, the Tabulation Agent, the
Solicitation Agent, the Trustee or any other party at any time.</b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No person has been
authorized to give any information or make any representations other than those
contained or incorporated by reference herein or in the accompanying Letter of
Consent and other materials, and, if given or made, such information or
representations must not be relied upon as having been authorized by UTStarcom,
the Trustee, the Solicitation Agent, the Tabulation Agent or any other person.
The statements made in this Consent Solicitation Statement are made as of the
date hereof, and the delivery of this Consent Solicitation Statement and the
accompanying materials shall not, under any circumstances, create any
implication that the information contained herein is correct after the date
hereof.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unless you are a Holder,
please handle all matters with respect to the Consent Solicitation through your
nominee bank or broker through whom you hold an interest in the Notes.&#160; Questions concerning the terms of the Consent
Solicitation should be directed to either the Solicitation Agent or the
Tabulation Agent at the address or telephone numbers set forth on the back
cover page hereof.&#160; Requests for
assistance in completing and delivering Letters of Consent or requests for
additional copies of this Consent Solicitation Statement, the Letter of Consent
or other related documents should be directed to the Tabulation Agent at the
address or telephone number set forth on the back cover page hereof.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Consent Solicitation
is not being made to, and Letters of Consent will not be accepted from or on
behalf of, Holders in any jurisdiction in which the making of the Consent
Solicitation or the acceptance thereof would not be in compliance with the laws
of such jurisdiction. However, UTStarcom may in its discretion take such action
as it may deem necessary to make the Consent Solicitation in any such
jurisdiction and to extend the Consent Solicitation to Holders in such
jurisdiction. In any jurisdiction in which the securities laws or blue sky laws
require the Consent Solicitation to be made by a licensed broker or dealer, the
Consent Solicitation will be deemed to be made on behalf of UTStarcom by the
Solicitation Agent or one or more registered brokers or dealers that are
licensed under the laws of such jurisdiction.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None of UTStarcom, the
Trustee, the Solicitation Agent, the Tabulation Agent or any of their
respective affiliates is making any recommendation in connection with the
Consent Solicitation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Recipients of this Consent
Solicitation Statement and the accompanying materials should not construe the
contents hereof or thereof as legal, business or tax advice. Each recipient
should consult its own attorney, business advisor and tax advisor as to legal,
business, tax and related matters concerning the Consent Solicitation.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">This Consent Solicitation
Statement has not been filed with or reviewed by the SEC or any state
securities commission, nor has any such commission passed upon the accuracy or
adequacy of this Consent Solicitation Statement, the Letter of Consent or any
of the other documents delivered herewith.</font></b></p>


 <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">iii</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TABLE OF CONTENTS</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="6%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Page</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="6%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><!-- SET mrlNoTableShading -->SUMMARY TERM SHEET</p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INFORMATION ABOUT UTSTARCOM</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">BACKGROUND OF THE CONSENT SOLICITATION</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CERTAIN CONSIDERATIONS</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effect of Proposed Amendments
  and Waiver</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Acceleration of Outstanding
  Indebtedness</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Potential Restatement of Prior
  Period Financial Statements</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lack of Public Disclosure
  Concerning UTStarcom</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE PROPOSED AMENDMENTS AND WAIVER</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed Amendments</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed Waiver</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Expiration Date</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE CONSENT SOLICITATION</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Overview</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent Fee</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Record Date</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Conditions to Payment of the
  Consent Fee</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent Date; Extensions;
  Amendment</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Procedures for Consenting</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Revocation of Consents</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SOLICITATION AGENT AND TABULATION AGENT</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solicitation Agent</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information Agent and
  Tabulation Agent</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fees and Expenses</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Consequences to Consenting
  U.S. Holders</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Consequences to Consenting
  Non-U.S. Holders</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt 50.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Considerations for
  Non-Consenting Holders</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORWARD-LOOKING STATEMENTS</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="85%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.48%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHERE YOU CAN FIND MORE INFORMATION</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.54%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:7.98%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">iv</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<br clear="all" style="page-break-before:always;">

<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUMMARY TERM
  SHEET</font></b></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This summary
  term sheet highlights certain material information in this Consent
  Solicitation Statement, but does not describe all of the details of the
  Consent Solicitation to the same extent described in this Consent
  Solicitation Statement and the accompanying Letter of Consent. The following
  summary is qualified in its entirety by the more detailed information
  appearing elsewhere in this Consent Solicitation Statement and the
  accompanying Letter of Consent. You are urged to read these documents in
  their entirety because they contain the full details of the Consent
  Solicitation.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is the Consent Solicitation?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom is soliciting
  consents from the Holders to the Proposed Amendments and Waiver. The Proposed
  Amendments require for effectiveness receipt of the Requisite Consents to the
  Proposed Amendments and the due execution and delivery of a Supplemental
  Indenture by UTStarcom and the Trustee.&nbsp;
  The Proposed Waiver requires for effectiveness receipt of the
  Requisite Consents.&nbsp; The Proposed
  Waiver shall become effective only upon receipt by the Trustee of an officers&#146;
  certificate from UTStarcom certifying that valid Requisite Consents to the
  Proposed Amendments and Waiver have been received (and not properly revoked)
  and have been accepted for payment by UTStarcom.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What are the Proposed Amendments?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Amendments
  will provide that (i) during the period beginning with the Effective Date to
  and including the Expiration Date, any failure by UTStarcom to comply with
  the Reporting Covenants will not constitute a default under the Indenture;
  and (ii) if as of the Expiration Date, UTStarcom does not comply with the
  Reporting Covenants, any default under the Indenture arising from such
  noncompliance that would have been deemed to have occurred prior to the
  Effective Date but for the Supplemental Indenture, and would be deemed to
  have remained uncured as of the Expiration Date but for the Supplemental
  Indenture, shall be deemed to have occurred as of the Expiration Date.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is the Proposed Waiver?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Waiver would waive, to and including the Expiration
  Date, any and all defaults and Events of Default, and the consequences
  thereof, that may have occurred or may occur under the Indenture prior to the
  Effective Date from the failure by UTStarcom to comply with the Reporting
  Covenants.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a more detailed
  description of the Proposed Waiver, see &#147;Background of the Consent
  Solicitation&#148; and &#147;The Proposed Waiver&#148; below.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is the Expiration Date?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The &#147;Expiration
  Date&#148; means 5:30 p.m., May 31, 2007.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">When does the Consent Solicitation
  expire?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Consent
  Solicitation will expire at 5:00 p.m., New York City time, on January 5,
  2007, unless it is extended or earlier terminated (such time and date, as the
  same may be extended or earlier terminated, the &#147;Consent Date&#148;).</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is the Consent Fee?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders who validly deliver consents prior to the Consent Date, and
  do not properly revoke such consents prior to the Effective Date, are
  eligible to receive such Holder&#146;s pro rata share of $5,492,000 (such
  aggregate dollar amount, the &#147;Aggregate Consent Fee&#148;), subject to the
  satisfaction or waiver of the conditions to payment of the Consent Fee.</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">5</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Consenting Holder&#146;s pro rata share is equal to the quotient
  (expressed as a percentage) determined by dividing (x)&nbsp;the aggregate
  principal amount of Notes for which that Consenting Holder has validly
  delivered prior to the Consent Date, and not properly revoked prior to the
  Effective Date, consents, by (y) the aggregate principal amount of all
  outstanding Notes for which consents to the Proposed Waiver are validly
  delivered prior to the Consent Date and not properly revoked prior to the
  Effective Date.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What are the conditions to payment
  of the Consent Fee?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  The obligation of UTStarcom to pay the Consent Fee is subject to the
  satisfaction or waiver of the following conditions (the &#147;General Conditions&#148;):</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 30.6pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the
  Requisite Consents having been received prior to the Consent Date (and not
  properly revoked prior to the Effective Date); and</p>
  <p style="margin:0pt 0pt .0001pt 30.6pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 30.6pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the
  absence of any law or regulation, and the absence of any injunction or action
  or other proceeding (pending or threatened) that (in the case of any action
  or proceeding if adversely determined) would make unlawful or invalid or
  enjoin the implem<font face="Times New Roman">entation
  of the Proposed Amendments and Waiver, the execution and delivery of the
  Supplemental Indenture,</font> or the payment of the Consent Fee or
  that would question the legality or validity thereof.</p>
  <p style="margin:0pt 0pt .0001pt 30.6pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">When will I get paid the Consent
  Fee?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Consent Fee will be
  paid promptly following the later of the Effective Date and the Consent Date,
  assuming all conditions to the payment of the Consent Fee have been satisfied
  or waived.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">When will the Proposed Amendments
  become effective if the Requisite Consents are received?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Amendments
  will become effective only upon due execution and delivery of a Supplemental
  Indenture by UTStarcom and the Trustee. </font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">When will the Proposed Waiver
  become effective if the Requisite Consents are received?</font></b></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Waiver will become effective only upon receipt by the
  Trustee of an officers&#146; certificate from UTStarcom certifying that valid Requisite Consents to the
  Proposed Waiver have been received (and not properly revoked) and have been
  accepted for payment by UTStarcom.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Can the Consent Solicitation be
  extended, and under what circumstances?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes. We expressly
  reserve the right to extend the Consent Solicitation at any time and for any
  reason. Any extension of the Consent Solicitation by us will be followed by
  public announcement thereof prior to 9:00 a.m., New York City time, on the
  next business day following such extension of the Consent Date. Without
  limiting the manner in which we may choose to make such announcement, we will
  not, unless otherwise required by law, have any obligation to advertise or
  otherwise communicate any such announcement other than by making a release to
  the Dow Jones News Service or such other means of announcement as we deem
  appropriate.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Can the Consent Solicitation be
  amended or terminated, and under what circumstances?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes. We expressly
  reserve the right, subject to applicable law, to </font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">6</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">terminate or withdraw
  the Consent Solicitation prior to the Consent Date, and otherwise amend the
  terms of the Consent Solicitation in any respect. If the Consent Solicitation
  is amended or modified in a manner determined by UTStarcom in good faith to
  constitute a material adverse change to the Holders, UTStarcom will promptly
  disclose such amendment or modification in a manner it deems in good faith
  appropriate and will, if appropriate, extend the Consent Solicitation for a
  period it deems in good faith to be adequate to permit the Holders thereof to
  deliver and/or revoke their consents.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">If I change my mind, can I revoke
  my consent?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consents to the Proposed
  Amendments and Waiver that are delivered prior to the Effective Date may be
  revoked at any time prior to the Effective Date.&nbsp; Consents delivered on or after the
  Effective Date (even if such date is prior to the Consent Date) may not be
  revoked at any time, unless we are required by applicable law to permit such
  revocation.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be valid, a notice
  of revocation<b></b>must (i) be in writing,
  (ii)&nbsp;contain the name of the Holder and the aggregate principal amount
  of Notes to which it relates, (iii) either be signed in the same manner as
  the original Letter of Consent or accompanied by a duly executed proxy or
  other authorization (in form satisfactory to UTStarcom) by the Holder, and
  (iv)&nbsp;be received by the Tabulation Agent in accordance with the
  instructions contained herein prior to the Effective Date. All revocations of
  consents must be sent to the Tabulation Agent at its address set forth in the
  Letter of Consent.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Are there U.S. federal income tax
  implications if I deliver a consent?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom intends
  to treat the Consent Fee for U.S. federal income tax purposes as a fee paid
  to a Holder in consideration of such Holder&#146;s consent to the Proposed
  Amendments and Waiver, in which case, a Holder would recognize ordinary
  income in the amount of the Consent Fee received.&nbsp; In addition, the Proposed Amendments and
  Waiver and the payment of the Consent Fee likely will be treated as a deemed
  exchange for U.S. federal income tax purposes with respect to Notes that are
  held by Consenting Holders.&nbsp; UTStarcom
  intends to take the position that, although not free from doubt, the deemed
  exchange will constitute a tax-free recapitalization for U.S. federal income
  tax purposes.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a more detailed
  discussion of certain U.S. federal income tax considerations relating to the
  Consent Solicitation, see &#147;Certain U.S. Federal Income Tax Considerations.&#148;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Of whom may I ask questions about
  the Consent Solicitation?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you have questions
  about the Consent Solicitation, you may contact the solicitation agent for
  the Consent Solicitation (the &#147;Solicitation Agent&#148;), Citigroup Global Markets
  Inc., whose address and telephone number are set forth on the back cover of
  this Consent Solicitation Statement.&nbsp;
  Holders may also contact their broker-dealer, commercial bank, trust
  company or other nominee for assistance concerning the Consent Solicitation.</font></p>
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Who is the Tabulation Agent?</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Global Bondholder
  Services Corporation is serving as Information Agent and Tabulation Agent
  (the &#147;Tabulation Agent&#148;) in connection with the Consent Solicitation.&nbsp; Its address and telephone numbers are</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">7</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="42%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:42.1%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="57%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:57.9%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:none;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">set forth on the back
  cover of this Consent Solicitation Statement. Requests for assistance in
  completing and delivering Letters of Consents or requests for additional
  copies of the Consent Solicitation Statement or the Letter of Consent should
  be directed to the Tabulation Agent.&nbsp;
  The executed Letter of Consent and any other documents required by the
  Letter of Consent should be sent to the Tabulation Agent, and not to UTStarcom,
  the Solicitation Agent or the Trustee.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">8</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-weight:bold;margin:10.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INFORMATION ABOUT UTSTARCOM</font></b></p>

<p style="background:white;margin:6.0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We design, manufacture and sell telecommunications
infrastructure, handsets and customer premise equipment and provide services
associated with their installation, operation, and maintenance. Our products
are sold primarily to telecommunications service providers or operators. We
sell an extensive range of products that are designed to enable voice, data and
video services for our operator customers and consumers around the world. While
historically the vast majority of our sales have been to service providers in
China, we have expanded our focus to build a global presence and currently sell
our products in several other established and emerging growth markets, which
include North America, Japan, India, Central and Latin America, Europe, the
Middle East, Africa and Southeast and North Asia.</font></p>

<p style="font-weight:bold;margin:10.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">BACKGROUND OF THE CONSENT SOLICITATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As previously announced
in a press release issued by UTStarcom on November 7, 2006 and disclosed in
UTStarcom&#146;s current report on Form 8-K filed with the SEC on November 8, 2006,
UTStarcom has commenced a voluntary review of its historical equity award grant
practices under the direction of the Nominating and Corporate Governance
Committee of the Board of Directors (the &#147;Committee&#148;). The Committee is being
assisted by independent legal counsel and independent accounting consultants in
its review. In connection with the Committee&#146;s review, on November 9, 2006,
UTStarcom notified the SEC of its inability to timely file the quarterly report
on Form 10-Q for the quarter ended September 30, 2006 (the &#147;2006 Q3 Form 10-Q&#148;)
by filing the notice of late filing on Form 12b-25.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Committee has not
completed its review of UTStarcom&#146;s historical equity award grant practices or
reached final conclusions as to the amount of additional non-cash compensation
expense to be recorded in UTStarcom&#146;s past financial statements relating to
prior equity award grants, if any.&#160;
Although no information regarding the final result of the Committee&#146;s
review is available at this time, the Committee may determine that the amount
of additional non-cash compensation expense to be recorded is substantial and
the restatement UTStarcom&#146;s financial statements for certain past periods will
be necessary.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Because the
Committee&#146;s review is not yet final and the amount of non-cash compensation
expense adjustments to be recorded in UTStarcom&#146;s prior financial statements,
if any, remains uncertain, UTStarcom has not yet filed the 2006 Q3 Form 10-Q or
otherwise updated its prior financial statements.&#160; Until such information is filed, there will
be limited public information available concerning the results of operations
and financial condition of UTStarcom.&#160;
The absence of more recent financial information may have a number of
adverse effects on UTStarcom and the Notes.&#160;
See &#147;Certain Considerations &#151; Potential Restatement of Prior Period
Financial Statements.&#148;</font></p>

<p style="margin:12.0pt 0pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Notes</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Indenture, a failure by UTStarcom to
comply with certain covenants (including covenants relating to the filing with
the SEC, and the furnishing to the Trustee of copies, of certain SEC reports)
contained in the Indenture becomes an Event of Default (as described in the
Indenture) (i) if the Trustee notifies UTStarcom of the default or (ii) the
Holders of at least 25% in aggregate principal amount of the Notes (the &#147;25%
Holders&#148;) outstanding notify UTStarcom and the Trustee of the default, and
(iii) UTStarcom does not cure the default within 60 days after receipt of such
notice.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November 10, 2006, UTStarcom received notice from
the Trustee asserting that if UTStarcom fails to file its 2006 Q3 Form 10-Q on
or before January 9, 2007, such failure will constitute an event of default
pursuant to the Indenture. If such an event of default were to occur, the
Trustee or the 25% Holders would have the right to declare all unpaid principal
and accrued interest on the Notes then outstanding to be immediately due and
payable.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consequently,
subject to the terms and conditions of the Consent Solicitation as set forth in
this Consent Solicitation Statement and the related Letter of Consent,
UTStarcom is requesting the Proposed Amendments and Waiver in consideration of
the payment by UTStarcom of the Consent Fee in order to allow UTStarcom to
avoid the possibility of an acceleration of the Notes in connection with any
purported failure by UTStarcom to comply with Reporting Covenants.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom does not
believe it is currently in Default under the Indenture.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">9</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-weight:bold;margin:10.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CERTAIN
CONSIDERATIONS</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">In deciding whether to deliver a
consent, each Holder should consider carefully, in addition to the information
set forth above under &#147;Background of the Consent Solicitation,&#148; the Risk
Factors set forth in our Annual Report on Form 10-K for the year ended December
31, 2005 and in our Quarterly Reports on Form 10-Q that have been filed in
2006, and the other information contained or incorporated by reference in this
Consent Solicitation Statement and in the Letter of Consent, the matters
discussed below:</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effect
of Proposed Amendments and Waiver</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the
Supplemental Indenture is duly executed and delivered by UTStarcom and the
Trustee and UTStarcom delivers to the Trustee an officer&#146;s certificate from
UTStarcom certifying that valid Requisite Consents to the Proposed Amendments
and Waiver have been received (and not properly revoked) and have been accepted
for payment by UTStarcom, the Supplemental Indenture and the Proposed Waiver</font>
will be binding on all Holders and their transferees, regardless of whether
such Holders consented to the Proposed Amendments and Waiver.&#160; The execution and delivery of the
Supplemental Indenture and the Waiver could adversely affect the market price
of the Notes or otherwise be adverse to the interests of the Holders.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, if the
Proposed Waiver becomes effective, any and all defaults and Events of Default,
and the consequences thereof, that may have occurred or may occur under the
Indenture prior to the Effective Date from the failure by UTStarcom to comply
with the Reporting Covenants, would be waived and of no effect until the
Expiration Date, at which time, pursuant to the terms of the Supplemental
Indenture, any defaults which would have been deemed to have occurred without
regard to the provisions of the Supplemental Indenture would be deemed to have
occurred as of the Expiration Date.&#160;&#160; As
a result, the Trustee and the Holders would not be able to accelerate such
Notes as a result of any such waived default or Event of Default, provided that
after April 1, 2007, to the extent any such waived default would be deemed to
have occ<font face="Times New Roman">urred as of the
Expiration Date pursuant to the terms of the Supplemental Indenture, the
Holders would be able to accelerate such Notes in accordance with the terms of
the Indenture</font>.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Even if the Proposed Amendments
and Waiver become effective, the Proposed Amendments and Waiver would not cause
a waiver with respect to any default or Event of Default under the Indenture
that, pursuant to the terms of the Supplemental Indenture is deemed to have
occurred on the Expiration Date.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Acceleration
of Outstanding Indebtedness</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Supplemental
Indenture and the Proposed Waiver do not become effective and we fail to comply
with the Reporting Covenants, then, if&#160; a
default has occurred under the Indenture, the Trustee or holders of at least
25% in aggregate principal amount of the Notes then outstanding could, attempt
to declare all related unpaid principal and premium, if any, and accrued
interest on the Notes then outstanding to be due and payable at such time in
accordance with the terms of the Indenture.&#160;
If the Notes are accelerated, other outstanding debt also may be
accelerated. If the Notes are accelerated, we may not have sufficient cash on
hand to satisfy our obligations under the Indenture and our other outstanding
debt.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Potential
Restatement of Prior Period Financial Statements</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any restatement of our
prior period financial statements which we may conclude is necessary upon the
final result of the Committee&#146;s review of our past equity award grant practice
may cause us to become subject to regulatory action or civil litigation, which
could require us to pay fines or other penalties, settlements or damages and
could have an adverse effect on our business, results of operations, financial
condition and liquidity. We have not made an assessment regarding a possible
restatement at this time. We could also become subject to ratings downgrades
and negative publicity as a result of the restatements or the matters giving
rise to the restatements. See &#147;Background of the Consent Solicitation &#151;<b> </b>Nominating and Corporate Governance<b> </b>Committee Review and Potential
Restatements.&#148;</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lack
of Public Disclosure Concerning UTStarcom</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described above, we
have not yet filed the 2006 Q3 Form 10-Q or related financial statements,
pending the outcome of the Committee&#146;s review. Until such information is filed,
there will be limited public information available concerning our results of
operations and financial condition.&#160; In
addition, upon conclusion of the Committee&#146;s review, any of</font></p>


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<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom&#146;s previously
issued financial statements relating to non-cash compensation expense,
including those contained in UTStarcom&#146;s previously filed annual and quarterly
reports on Form 10-K and Form 10-Q, may be determined unreliable and required
to be restated. The absence of more recent financial information may have a
number of adverse effects on us and the Notes, including, possibly, a decrease
in the market price of the Notes, a decrease in the price of our common stock
into which the Notes are convertible, and an increase in the volatility of such
prices.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Listing on The Nasdaq
Stock Market</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As previously disclosed in UTStarcom&#146;s current report
on Form 8-K filed with the SEC on November 16, 2006, UTStarcom received a
notice from the staff of The Nasdaq Stock Market indicating that UTStarcom is
not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because it has not
timely filed with the SEC its 2006 Q3 Form 10-Q. The notice indicated that due
to such noncompliance, UTStarcom&#146;s common stock would be delisted at the
opening of business on November 27, 2006 unless UTStarcom requests a hearing in
accordance with the Nasdaq Marketplace Rules. UTStarcom requested a hearing
before a Nasdaq Listing Qualifications Panel (the &#147;Panel&#148;) on November 22,
2006, thereby staying the delisting of UTStarcom&#146;s common stock until the Panel&#146;s
decision at the hearing. A hearing date has been set for January 25, 2007.&#160; There can be no assurance that the Panel will
grant UTStarcom&#146;s request for continued listing.</font></p>


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<p style="font-weight:bold;margin:10.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE
PROPOSED AMENDMENTS AND WAIVER</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed
Amendments</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 11.2 of
the Indenture provides that UTStarcom and the Trustee may supplement the
Indenture with the written consent of the Holders of at least a majority in
aggregate principal amount of the Notes then outstanding approving the
substance of the proposed supplement. We are soliciting consents from the
Holders in accordance with this provision.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Set forth below is
a summary of the Proposed Amendments. This summary does not purport to be
complete and is qualified in its entirety by reference to the Supplemental
Indenture. Any capitalized terms which are used in the following summary of the
Proposed Amendments have the meanings assigned thereto in the Indenture.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Certain Definitions</font></u></b>: The following defined terms would be added to
Section 1.1 of the Indenture:</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Consent Fee&#148; means the payment defined as such
with respect to the Notes in the Solicitation Documents.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Covenant Reversion Date&#148; means the earlier to
occur of 5:30 p.m., New York City time, on (i) the Business Day following the
Company&#146;s failure to pay the Consent Fee, if due, for the Notes in accordance
with the Solicitation Documents, and (ii) May 31, 2007.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;SEC Reports&#148; means reports the Company may be
required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange
Act.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Solicitation Documents&#148; means the Consent
Solicitation Statement dated as of December 22, 2006 and the related Letter of
Consent, each as may be amended and supplemented from time to time.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Events of Default</font></u></b>: The following two sentences would be
inserted as the penultimate paragraph of Section 8.1 of the Indenture:&#160; &#147;Notwithstanding any of the foregoing, but
subject to the immediately succeeding sentence, the failure of the Company to
file SEC Reports or to comply with Section 6.2 or Section 6.3 of this Indenture
or &#167;314 of the TIA before 5:30 p.m., New York City time, on the Covenant
Reversion Date shall not constitute a default under clause (3) above.&#160; If, however, as of 5:30 p.m., New York City
time, on the Covenant Reversion Date, the Company shall not have filed the SEC
Reports with the SEC and provided such SEC Reports, and any Officers&#146; Certificates
required pursuant to Section 6.3 of this Indenture, to the Trustee, any default
arising from the Company&#146;s failure to file SEC Reports or to comply with
Section 6.2 or Section 6.3of this Indenture or Section &#167;314 of the TIA that
would have been deemed to have occurred between the date of this Supplemental
Indenture and the Covenant Reversion Date, but for the foregoing sentence and
would have been deemed to have remained uncured but for the foregoing sentence
as of the Covenant Reversion Date shall be deemed to have occurred on the
Covenant Reversion Date.&#148;</p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed
Waiver</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Proposed Waiver
becomes effective, it would waive, to and including the Expiration Date, any
and all defaults and Events of Default, and the consequences thereof, that may
have occurred or may occur prior to the Effective Date under the Indenture from
the failure by UTStarcom to comply with the Reporting Covenants, including,
without limitation, any potential default or Event of Default that may have
occurred or may occur prior to the Effective Date as a result of&#160; failure by UTStarcom to comply with Section
6.2 or Section 6.3 of the Indenture.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Waiver is
set forth in the Letter of Consent delivered herewith.&#160; Copies of the Letter of Consent and the
Indenture are available upon request to the Tabulation Agent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Waiver
requires for effectiveness the consent of the Holders of a majority in
aggregate principal amount of Outstanding Notes.&#160; The Proposed Waiver shall become effective
only upon receipt by the Trustee of an officers&#146; certificate from UTStarcom
certifying that valid Requisite
Consents to the Proposed Waiver have been received (and not properly revoked)
and have been accepted for payment by UTStarcom, which Effective Date could be
prior to the Consent Date.&#160; The
Consenting Holders agree that such officer&#146;s certificate from UTStarcom to the
Trustee shall constitute notice of waiver from such Consenting Holder to the
Trustee in accordance with Section 8.4 of the Indenture. In determining whether</font></p>


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<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the Requisite Consents
have been received, Notes owned by UTStarcom, or by any person directly or
indirectly controlling or controlled by or under direct or indirect common
control with UTStarcom, shall be considered as though not outstanding.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Consent Fee will be
payable when all conditions to the payment of the Consent Fee described under &#147;The
Consent Solicitation&#151;Conditions to Payment of the Consent Fee&#148; below have been
satisfied or waived.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All statements herein
regarding the substance of any provision of the Proposed Waiver and the
Indenture are qualified by reference to the Indenture.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Expiration
Date</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The &#147;Expiration Date&#148;
means May 31, 2007.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Even
if the Supplemental Indenture and the Proposed </font>Waiver become effective,
the Supplemental Indenture and the Proposed Waiver would not cause a waiver
with respect to any default or Event of Default under the Indenture that,
pursuant to the terms of the Supplemental Indenture is deemed to have occurred on
the Expiration Date.</font></p>


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<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>

<p style="font-weight:bold;margin:10.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE CONSENT SOLICITATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Holders are requested to read and
consider carefully the information contained in this Consent Solicitation
Statement and the related Letter of Consent and to give their consent to the
Proposed Amendments and Waiver by properly completing and executing the
accompanying Letter of Consent in accordance with the instructions set forth
herein and therein prior to the Consent Date.</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Overview</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Amendments
require for effectiveness receipt of the Requisite Consents and the due execution
and delivery by UTStarcom and the Trustee of a Supplemental Indenture in
accordance with Section 11.2 of the Indenture. The Proposed Waiver requires for
effectiveness receipt of the Requisite Consents and delivery by UTStarcom of an
officers&#146; certificate of UTStarcom to the Trustee certifying that valid Requisite Consents to the Proposed
Waiver have been received (and not properly revoked) and have been accepted for
payment by UTStarcom.&#160; The
Consenting Holders agree that such officer&#146;s certificate from UTStarcom to the
Trustee shall constitute notice of waiver from such Consenting Holder to the
Trustee in accordance with Section 8.4 of the Indenture.&#160; The
Effective Date could be prior to the Consent Date.&#160; In determining whether the Requisite Consents
have been received, Notes owned by UTStarcom, or by any person directly or
indirectly controlling or controlled by or under direct or indirect common
control with UTStarcom, shall be considered as though not outstanding.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Consent Fee will be
payable when the Requisite Consents have been received and accepted by
UTStarcom.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Supplemental
Indenture relating to the Proposed Amendments is duly executed and delivered by
UTStarcom and the Trustee and the Proposed Waiver becomes effective in
accordance with the terms and conditions set forth herein, <font face="Times New Roman">the Supplemental Indenture and
the Proposed Waiver </font>will be binding on all Holders and their
transferees, regardless of whether such Holders have consented to the Proposed
Amendments and Waiver.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Failure to deliver a
Letter of Consent will have the same effect as if a Holder had chosen not to
consent to the Proposed Amendments and Waiver. UTStarcom will provide notice to
Holders of receipt of the Requisite Consents (if the Requisite Consents have
been received) on or after the Effective Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The delivery of a Letter
of Consent will not affect a Holder&#146;s right to sell or transfer the Notes. If a
Holder delivers a Letter of Consent and subsequently transfers its Notes prior
to the Consent Date, any payment of the Consent Fee pursuant to the Consent
Solicitation will be made to such Holder, unless the consent has been properly
revoked at any time prior to the Effective Date (which may occur prior to the
Consent Date).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Beneficial owners of the
Notes who wish to deliver a consent to the Proposed Amendments and Waiver, and
whose Notes are held, as of the Record Date, in the name of a broker, dealer,
commercial bank, trust company or other nominee institution must contact such
nominee promptly and instruct such nominee, as the actual Holder of such Notes,
to execute promptly and deliver a Letter of Consent on behalf of the beneficial
owner prior to the Consent Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None of UTStarcom, the
Trustee, the Solicitation Agent, the Tabulation Agent or any of their
respective affiliates is making any recommendation in connection with the
Consent Solicitation.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent
Fee</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligations of
UTStarcom to accept for payment any validly delivered (and not properly
revoked) consents from, and to pay the Consent Fee to, Holders are subject to
the satisfaction or waiver of the conditions described under &#147;The Consent
Solicitation&#151;Conditions to Payment of the Consent Fee&#148; below.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Requisite Consents
are received prior to the Consent Date, and are not properly revoked prior to
the Effective Date, subject to the terms and the conditions of this Consent
Solicitation Statement and the Letter of Consent, we will, promptly after the
Consent Date, accept for payment and pay to the Consenting Holders a Consent
Fee in cash equal to that Consenting Holder&#146;s pro rata share of $5,492,000 (the
&#147;Aggregate Consent Fee&#148;).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Consenting Holder&#146;s pro
rata share is equal to the quotient (expressed as a percentage) determined by
dividing (x)&nbsp;the aggregate principal amount of Notes for which that
Consenting Holder has validly delivered prior to the Consent Date,</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">14</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and not properly revoked
prior to the Effective Date, consents, by (y) the aggregate principal amount of
all outstanding Notes for which consents to the Proposed Amendments and Waiver
are validly delivered prior to the Consent Date and not properly revoked prior
to the Effective Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The dollar amount of the
Aggregate Consent Fee was determined based on a fee of 200 basis points of the
aggregate principal amount of Outstanding Notes, assuming that all of the
Holders validly deliver prior to the Consent Date (and do not revoke prior to
the Effective Date) their consents.&#160; If
less than all of the Holders so validly deliver (and do not revoke) consents,
then the Consent Fee paid per $1,000 principal amount of Notes (to the extent
that the Consent Fee is paid) will be greater.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only Holders whose
properly executed Letters of Consent are received by the Tabulation Agent prior
to the Consent Date and who do not properly revoke their consent prior to the
Effective Date, will be eligible to receive the Consent Fee in the event the
Supplemental Indenture is duly executed and delivered by UTStarcom and the
Trustee and the Proposed Waiver becomes effective in accordance with the terms
and conditions set forth herein and all other conditions to the payment of the
Consent Fee have been satisfied or waived. All other Holders will not be
eligible to receive the Consent Fee, but will be bound by the Supplemental
Indenture and Proposed Waiver if they become effective, regardless of whether
such Holders consented to the Proposed Amendments and Waiver. Even if a Holder
has validly delivered consents, no Consent Fee will be paid if the Requisite
Consents are not received, if all of the other conditions to the payment of the
Consent Fee have not been satisfied or waived, if the Consent Solicitation is
terminated or withdrawn for any reason or if the Supplemental Indenture or the
Proposed Waiver do not otherwise become effective for any reason.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Record
Date</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Record Date for the
determination of Holders eligible to give consents pursuant to the Consent
Solicitation is 5:00&nbsp;p.m., New York City time, on December 21, 2006. This
Consent Solicitation Statement and the accompanying Letter of Consent are being
sent to all Holders. UTStarcom reserves the right, within the terms of the
Indenture and the Trust Indenture Act of 1939, as amended, to establish from
time to time any new date as the Record Date and, thereupon, any such new date
will be deemed to be the &#147;Record Date&#148; for purposes of the Consent
Solicitation. The transfer of Notes after the Record Date will not have the
effect of revoking any consent theretofore validly given by a Holder, and each
properly completed and executed Letter of Consent will be counted
notwithstanding any subsequent transfer of the Notes to which such Letter of
Consent relates, unless the procedure for validly revoking consents described
herein and in the Letter of Consent is satisfied with respect to that Letter of
Consent.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Conditions
to Payment of the Consent Fee</font></b></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Conditions</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligations of
UTStarcom to accept Letters of Consent validly executed and delivered prior to
the Consent Date that have not been properly revoked prior to the Effective
Date, and to pay the Consent Fee, are subject to the satisfaction or waiver of
the following conditions (the &#147;General Conditions&#148;):</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Requisite
Consents having been received prior to the Consent Date (and not properly
revoked prior to the Effective Date);<b> </b>and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the absence of
any law or regulation, and the absence of any injunction or action or other
proceeding (pending or threatened) that (in the case of any action or
proceeding if adversely determined) would make unlawful or invalid or enjoin
the implementation of the Proposed Amendments and Waiver, the execution and
delivery of the Supplemental Indenture, or the payment of the Consent Fee or
that would question the legality or validity thereof.</p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent
Date; Extensions; Amendment</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The term &#147;Consent Date&#148;
means 5:00 p.m., New York City time, on January 5, 2007, unless UTStarcom
extends the period during which the Consent Solicitation is open, in which case
the term &#147;Consent Date&#148; means the latest time and date to which the Consent
Solicitation is extended, or unless the Consent Solicitation is terminated or
withdrawn.&#160; To extend the Consent Date,
UTStarcom will notify the Tabulation Agent in writing or orally of any
extension and will make a public announcement thereof prior to 9:00 a.m., New
York City time, on the next business day after the previously scheduled</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">15</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent Date. UTStarcom
may extend the Consent Solicitation on a daily basis or for such specified
period of time as it determines.&#160; Failure
by any Holder or beneficial owner of Notes to be so notified will not affect
the extension of the Consent Solicitation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding anything
to the contrary set forth in this Consent Solicitation Statement, UTStarcom
expressly reserves the right to terminate the Consent Solicitation at any time
prior to the Effective Date and effect the Proposed Amendments and Waiver in
the event that the Requisite Consents have been received and the General
Conditions described under &#147;The Consent Solicitation&#151;Conditions to Payment of
the Consent Fee&#148; have been satisfied or waived by UTStarcom in its discretion.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding anything
to the contrary set forth in this Consent Solicitation Statement, UTStarcom
expressly reserves the right, regardless of whether any of the conditions
described under &#147;The Consent Solicitation&#151;Conditions to Payment of the Consent
Fee&#148; have been satisfied, subject to applicable law, at any time prior to the
Effective Date to (i) terminate or withdraw the Consent Solicitation for any
reason, (ii) waive any of the conditions to the payment of the Consent Fee,
(iii) extend the Consent Date, (iv) amend the terms of the Consent
Solicitation, (v) purchase Notes from time to time, including during the
Consent Solicitation; or (vi) modify the form or amount of the consideration to
be offered pursuant to the Consent Solicitation; provided, however, if the Consent
Solicitation is amended or modified in a manner determined by UTStarcom in good
faith to constitute a material adverse change to the Holders, UTStarcom will
promptly disclose such amendment or modification in a manner it deems in good
faith appropriate and will, if appropriate, extend the Consent Solicitation for
a period it deems in good faith adequate to permit the Holders to deliver
and/or revoke their consents.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Procedures
for Consenting</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All Letters of Consent
that are properly executed and received by the Tabulation Agent prior to the
Consent Date and not timely revoked will be given effect in accordance with the
specifications therein.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders who desire to act
with respect to the Proposed Amendments and Waiver should so indicate by
completing, signing and dating the accompanying Letter of Consent included
herewith and delivering it to the Tabulation Agent at the address set forth in
the Letter of Consent, in accordance with the instructions contained herein and
therein. Signatures must be guaranteed in accordance with paragraph 6 of the
instructions in the Letter of Consent, except as otherwise indicated in such
paragraph. Letters of Consent should not be delivered to UTStarcom, the Trustee
or the Solicitation Agent.&#160; However,
UTStarcom reserves the right to accept any Letters of Consent received by
UTStarcom, the Trustee or the Solicitation Agent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only Holders are eligible
to consent to the Proposed Amendments and Waiver.&#160; Any beneficial owner of Notes who is not a
Holder must arrange with the person who is the Holder or such Holder&#146;s assignee
or nominee to execute and deliver a Letter of Consent on behalf of such
beneficial owner.&#160; As of the date of this
Consent Solicitation Statement, the only Holder is Cede &amp; Co., as nominee
for DTC.&#160; For purposes of the Consent
Solicitation, DTC has authorized Participants set forth in the position listing
of DTC as of the Record Date to execute Letters of Consent as if they were the
Holders of the Notes held of record in the name of DTC or the name of its nominee.&#160; Accordingly, for purposes of the Consent
Solicitation, the term &#147;Holder&#148; shall be deemed to include such Participants.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Letter of Consent
must be executed in exactly the same manner as the name of the Holder appears
on the Notes. An authorized Participant must execute the Letter of Consent
exactly as its name appears on DTC&#146;s position listing as of the Record Date. If
the Notes are held of record by two or more joint Holders, all such Holders
must sign the Letter of Consent. If a signature is by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation or other
Holder acting in a fiduciary or representative capacity, such person should so
indicate when signing and must submit proper evidence satisfactory to UTStarcom
of such person&#146;s authority to so act. If the Notes are registered in different
names, separate Letters of Consent must be executed covering each form of
registration. If a Letter of Consent is executed by a person other than the
Holder, then such person must have been authorized by proxy or in some other
manner acceptable to UTStarcom to execute the Letter of Consent on behalf of
the Holder. Any beneficial owner of the Notes who is not a Holder of record
must arrange with the person who is the Holder of record or such Holder&#146;s
assignee or nominee to execute and deliver a Letter of Consent on behalf of
such beneficial owner.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a consent relates to
fewer than all the Notes held of record as of the Record Date by the Holder
providing such consent, such Holder must indicate on the Letter of Consent the
aggregate dollar amount (in integral multiples of $1,000 principal amount) of
such Notes to which the consent relates. Otherwise, the consent will be deemed
to relate to all such Notes.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">16</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Holder must complete,
sign and date the Letter of Consent (or a photocopy or facsimile thereof) for
such Holder&#146;s Notes and deliver such Letter of Consent to the Tabulation Agent
by mail, first-class postage prepaid, hand delivery, overnight courier or by
facsimile transmission at the address or facsimile number of the Tabulation
Agent set forth on the back cover page hereof. Delivery of Letters of Consent
should be made sufficiently in advance of the Consent Date to assure that the
Letter of Consent is received prior to the Consent Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom reserves the
right to receive Letters of Consent by any other reasonable means or in any
form that reasonably evidences the giving of a consent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All questions as to the
validity, form, eligibility (including time of receipt) and acceptance of
consents and revocations of consents will be resolved by UTStarcom whose
determinations will be binding. UTStarcom reserves the absolute right to reject
any or all consents and revocations that are not in proper form or the
acceptance of which could, in the opinion of UTStarcom&#146;s counsel, be unlawful.
UTStarcom also reserves the right to waive any irregularities in connection
with deliveries, which UTStarcom may, but is not obligated to, require to be
cured within such time as UTStarcom determines. None of UTStarcom, the Trustee,
the Tabulation Agent, the Solicitation Agent or any other person shall have any
duty to give notification of any such irregularities or waiver, nor shall any
of them incur any liability for failure to give such notification. Deliveries
of Letters of Consent or notices of revocation will not be deemed to have been
made until such irregularities have been cured or waived. UTStarcom&#146;s
interpretation of the terms and conditions of the Consent Solicitation
(including this Consent Solicitation Statement and the accompanying Letter of
Consent and the instructions hereto and thereto) will be final and binding on
all parties.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Revocation
of Consents</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consents to the Proposed
Amendments and Waiver that are delivered prior to the Effective Date may be
revoked at any time prior to the Effective Date.&#160; Consents delivered on and after the Effective
Date (even if such date is prior to the Consent Date) may not be revoked at any
time, unless the Consent Solicitation is terminated, withdrawn or otherwise not
completed without any consents being accepted for payment thereunder or unless
we are required by applicable law to permit such revocation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be valid, a notice of
revocation must (i) be in writing, (ii)&nbsp;contain the name of the Holder and
the aggregate principal amount of the Notes to which it relates, (iii) either
be signed in the same manner as the original Letter of Consent or accompanied
by a duly executed proxy or other authorization (in form satisfactory to
UTStarcom) by the Holder, and (iv) be received by the Tabulation Agent in
accordance with the instructions contained herein prior to the Effective Date.
All revocations of consents must be sent to the Tabulation Agent at its address
set forth in the Letter of Consent.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All properly completed
and executed Letters of Consent received prior to the Consent Date will be
counted, notwithstanding any transfer of any Notes to which such Letter of
Consent relates, unless UTStarcom receives from a Holder (or a subsequent
holder that has received a proxy from the relevant Holder) a written notice of
revocation or a changed Letter of Consent bearing a date later than the date of
the prior Letter of Consent at any time prior to the Effective Date (whic</font><font face="Times New Roman">h</font> may occur prior to the Consent Date).
Any notice of revocation received on or after the Effective Date will not be
effective, even if received prior to the Consent Date. A consent to the
Proposed Amendments and Waiver by a Holder will bind the Holder and every
subsequent holder of such Notes or portion of such Notes, even if notation of
the consent is not made on such Notes.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A transfer of Notes after
the Record Date must be accompanied by a duly executed proxy from the relevant
Holder if the subsequent transferee is to have revocation rights with respect
to a consent to the Proposed Amendments and Waiver given by a Holder.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">17</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">SOLICITATION
AGENT AND TABULATION AGENT</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solicitation
Agent</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom has retained
Citigroup Global Markets Inc. as Solicitation Agent with respect to the Consent
Solicitation. The Solicitation Agent will solicit consents and will receive a
customary fee for such services and reimbursement for reasonable out-of-pocket
expenses, including the reasonable fees and expenses of their counsel, incurred
in connection with rendering such services. UTStarcom has agreed to indemnify
the Solicitation Agent against certain liabilities and expenses, including
liabilities under securities laws, in connection with the Consent Solicitation.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information
Agent and Tabulation Agent</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom has retained
Global Bondholder Services Corporation as Information Agent and Tabulation
Agent (the &#147;Tabulation Agent&#148;) with respect to the Consent Solicitation. For
the services of the Tabulation Agent, UTStarcom has agreed to pay reasonable
and customary fees and to reimburse the Tabulation Agent for its reasonable
out-of-pocket expenses incurred in connection with rendering such services.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Request for assistance in
completing and delivering letters of consents or requests for additional copies
of the Consent Solicitation Statement or the Letter of Consent should be
directed to the Tabulation Agent at its address and telephone number set forth
on the back cover page hereof.&#160; The
executed Letter of Consent and any other documents required by the Letter of
Consent should be sent to the Tabulation Agent at the address set forth in the
Letter of Consent, and not to UTStarcom, the Trustee or the Solicitation Agent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Questions with respect to
the terms of the Consent Solicitation should be directed to any of the
Solicitation Agent or the Tabulation Agent in accordance with its contact
information set forth on the back cover page of this Consent Solicitation
Statement.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fees
and Expenses</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom will bear the
costs of the Consent Solicitation and will reimburse the Trustee for the reasonable
and customary expenses that the Trustee incurs in connection with the Consent
Solicitation. UTStarcom will also reimburse banks, trust companies, securities
dealers, nominees, custodians and fiduciaries (other than the Solicitation
Agent and the Tabulation Agent) for their reasonable and customary expenses in
forwarding this Consent Solicitation Statement, the accompanying Letter of
Consent and other materials to beneficial owners of the Notes.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">18</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CERTAIN
U.S. FEDERAL INCOME TAX CONSIDERATIONS</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following summary
describes certain material U.S. federal income tax consequences of the Consent
Solicitation, the Proposed Amendments and Waiver and the receipt of the Consent
Fee.&#160; This discussion is based on the
Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), existing Treasury
regulations and judicial and administrative rulings as in effect and existing
on the date hereof, all of which are subject to change or differing
interpretations, possibly with retroactive effect.&#160; UTStarcom has not sought any rulings from the
Internal Revenue Service (the &#147;IRS&#148;) with respect to the statements made and
positions taken in this summary.&#160;
Therefore, there is no assurance that the IRS would not assert a
position contrary to the positions stated below, or that a court would not
agree with any such assertion.&#160;
Furthermore, no opinion of counsel has been or will be rendered with
respect to the tax consequences of the Consent Solicitation, the Proposed
Amendments and Waiver and/or the receipt of the Consent Fee.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This summary does not
discuss any aspects of state, local, estate, gift or foreign tax laws, and it
applies only to Notes that are held as capital assets (within the meaning of
Section 1221 of the Code).&#160; This discussion
does not describe all of the tax consequences that may be relevant to Holders
in light of their particular circumstances or to Holders subject to special
rules, such as:</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">certain financial institutions;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">insurance companies;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">brokers or dealers in securities or
foreign currencies;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">persons holding Notes as part of a
straddle, conversion transaction, hedge or other integrated transaction;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">U.S. Holders (as defined below) whose
functional currency is not the U.S. dollar;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">partnerships or other pass-through entities treated as
partnerships for U.S. federal income tax purposes, or partners in such
partnerships;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">persons subject to the alternative
minimum tax;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">tax-exempt entities;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">real estate investment trusts;</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">controlled foreign corporations; and</font></p>

<p style="font-family:Times New Roman;margin:12.0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">certain U.S. expatriates.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders are urged to
consult their tax advisors with regard to the application of the U.S. federal
income tax laws to their particular situations as well as any tax consequences
arising under the laws of any state, local or foreign taxing jurisdiction.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax
Consequences to Consenting U.S. Holders</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A</font>s
used herein, the term &#147;U.S. Holder&#148; means a beneficial owner of a Note for U.S.
federal income tax purposes tha<font face="Times New Roman">t</font>
is:</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>an
individual who is a citizen or resident of the United States;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>a
corporation, or other entity taxable as a corporation for U.S. federal income
tax purposes, created or organized in or under the laws of the United States or
of any political subdivision thereof;</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">19</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>an
estate, the income of which is subject to U.S. federal income taxation
regardless of its source; or</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-18.0pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>a
trust that (a) is subject to primary supervision by a court within the United
States and with respect to which one or more U.S. persons have the authority to
control all substantial decisions, or (b) has made a valid election under applicable
Treasury regulations to be treated as a U.S. person.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Special rules, not
discussed in this summary, may apply to persons holding Notes through
partnerships or pass-through entities treated as partnerships for U.S. federal
income tax purposes.&#160; Such persons should
consult their own tax advisors with respect to these rules.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Debt
Modification Rules</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, the
modification of a debt instrument (including a change in the yield) will be
treated as a &#147;deemed exchange&#148; of an &#147;old&#148; debt instrument for a &#147;new&#148; debt
instrument for U.S. federal income tax purposes if such modification is &#147;significant&#148;
within the meaning of the Treasury regulations promulgated under Section 1001
of the Code (the &#147;Reissuance Regulations&#148;).&#160;
Such a deemed exchange would be a taxable event unless a non-recognition
provision of the Code were to apply.&#160;
Under the Reissuance Regulations, the modification of a debt instrument
is &#147;significant&#148; if, based on all the facts and circumstances and taking into
account all modifications of the debt instrument collectively, the legal rights
or obligations that are altered and the degree to which they are <font face="Times New Roman">altered are </font>&#147;economically
significant.&#148;&#160; The Reissuance Regulations
provide that a an agreement by a holder to stay collection or temporarily waive
an acceleration clause or similar default right is not, by itself, a
modification until the forbearance remains in effect for a period that exceeds
at least two years following the issuer&#146;s failure to perform.&#160; Further, a modification of a debt instrument
that adds, deletes or alters customary accounting or financial covenants is not
a significant modification.&#160; However, the
Reissuance Regulations also provide that a change in the yield of certain debt
instruments generally constitutes a significant modification if the yield of
the modified debt instrument varies from the yield of the unmodified debt
instrument by more than the greater of 25 basis points or 5 percent of the
annual yield on the unmodified debt instrument.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Tax Consequences of Significant Modification</font></i>.&#160; The Proposed Amendments and Waiver and
the payment of the Consent Fee will constitute a significant modification of
the Notes under the Reissuance Regulations, resulting in a deemed exchange of a
U.S. Holder&#146;s Old Notes for New Notes for U.S. federal income tax
purposes.&#160; However, such a deemed
exchange likely will constitute a tax-free recapitalization if both the Old
Notes and the New Notes are treated as &#147;securities&#148; for U.S. federal income tax
purposes.&#160; The term &#147;security&#148; is not
defined in the Code or in the Treasury regulations promulgated thereunder and
has not been clearly defined by judicial decisions.&#160; An instrument constitutes a &#147;security&#148; for
these purposes if, based on all the facts and circumstances, the instrument
constitutes a meaningful investment in the issuer of the instrument.&#160; Although there are a number of factors that
may affect the determination of whether a debt instrument is a &#147;security,&#148; one
of the most important factors is the original term of the instrument, or the
length of time between the issuance of the instrument and its maturity.&#160; In general, instruments with an original term
of more than ten years are likely to be treated as &#147;securities,&#148; and
instruments with an original term of less than five years are unlikely to be
treated as &#147;securities,&#148; but the IRS has publicly ruled that a debt instrument
with a term of two years may be a &#147;security&#148; if received in a reorganization in
exchange for a former security having substantially the same maturity date and
terms (other than interest rate).&#160; The &#147;old&#148;
Notes had an original term of five years, and the &#147;new&#148; Notes have a remaining
term of approximately fifteen months.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Deemed Exchange <font face="Times New Roman">Qualifies as</font> a
Tax-Free Recapitalization</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom intends to take
the position that, although not free from doubt, the deemed exchange will
constitute a tax-free recapitalization for U.S. federal income tax
purposes.&#160; If, contrary to UTStarcom&#146;s
expectations, any such deemed exchange were not to qualify as a tax-free
recapitalization with respect to the Notes, the tax consequences of the
adoption of the Proposed Amendments and Waiver and the payment of the Consent
Fee would be those described below under &#147;Deemed Exchange Does Not Qualify as
Tax-Free Recapitalization.&#148;&#160; Due to the
inherently factual nature of the determination, U.S. Holders are urged to
consult their own tax advisors regarding the classification of the Notes as &#147;securities&#148;
for federal income tax purposes and the application of the recapitalization
rules.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the deemed exchange is
treated as a tax-free recapitalization, generally no gain or loss will be
recognized by a U.S. Holder (except as discussed below under the heading &#147;Consent
Fee&#148; and except to the extent that the New Notes received are attributable to
accrued but unpaid interest on the Old Notes, which amount should be taxable as
ordinary interest income in accordance with such holder&#146;s method of accounting
for U.S. federal income tax purposes).&#160; A
U.S. Holder will have an initial tax basis in the New Notes received in the
deemed exchange (except to the extent attributable to accrued but unpaid</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">20</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">interest on the Old
Notes) equal to the Holder&#146;s tax basis in the Old Notes deemed exchanged
therefor immediately prior to the deemed exchange, increased by any gain
recognized in the exchange (as discussed below under the heading &#147;Consent Fee&#148;).
The holder&#146;s tax basis in any New Notes attributable to accrued but unpaid
interest on the Old Notes will equal the amount of interest income. The Holder&#146;s
holding period for the New Notes will include the period during which the
Holder held the Old Notes deemed surrendered in the deemed exchange, except
that the holding period for the New Notes attributable to accrued but unpaid
interest on the Old Notes will begin on the date of receipt.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to a statutory de
minimis exception, if the issue price of a New Note at the time of the deemed
exchange is less than its stated principal amount, the New Note will have
original issue discount for U.S. federal income tax purposes.&#160; Original issue discount generally must be
included in a U.S. Holder&#146;s gross income on a constant yield basis in advance
of the receipt of cash attributable to the discount.&#160; Any amount included in income as original
issue discount will increase the U.S. Holder&#146;s tax basis in the New Note.&#160; If a U.S. Holder&#146;s tax basis in a New Note is
greater that the issue price of the New Note, the U.S. Holder generally will be
considered to have acquisition premium, which will reduce the amount of
original issue discount required to be included in income.&#160; If a U.S. Holder&#146;s tax basis in a New Note is
greater than the principal amount of the New Note, the U.S. Holder generally
will be considered to have bond premium, and will not be required to include
any original issue discount in income.&#160;
The U.S. Holder may elect to amortize the bond premium against interest
payable on the New Note (to the extent the bond premium is not attributable to
the conversion feature of the New Notes), and any bond premium in excess of the
original issue discount and interest may be deductible over the term of the New
Notes.&#160; Any amount of amortized bond
premium will decrease the U.S. Holder&#146;s tax basis in the New Note. The issue
price of the New Notes will be determined as described below under the heading &#147;Deemed
Exchange Does Not Qualify as a Tax-free Recapitalization,&#148; and generally will
be their fair market value, provided that the Old Notes or the New Notes are
treated as &#147;publicly traded&#148; within the meaning of the applicable Treasury
regulations.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to a de minimis
exception, if a U.S. Holder holds Old Notes that were acquired (other than at
original issue) at a discount from the principal amount of such Old Notes
(i.e., a &#147;market discount&#148;), and did not elect to include such market discount
in income on a current basis, any accrued market discount on the Old Notes
generally will carry over to the New Notes, except to the extent that any gain
required to be recognized is characterized as ordinary income (as discussed
below under the heading &#147;Consent Fee&#148;).&#160;
If the New Notes are issued with original issue discount, then the New
Notes will be treated as having market discount only to the extent that the
issue price of the New Notes exceeds a U.S. Holder&#146;s tax basis in the New
Notes.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Deemed Exchange Does Not Qualify
as a Tax-Free Recapitalization</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the deemed exchange is
not treated as a tax-free recapitalization, a U.S. Holder generally will
recognize gain or loss on such deemed exchange in an amount equal to the
difference (if any) between the amount realized on the deemed exchange (as
described below) and such U.S. Holder&#146;s adjusted tax basis in the Old
Notes.&#160; Although not free from doubt,
UTStarcom intends to treat the Consent Fee for U.S. federal income tax purposes
as a fee paid to a U.S. Holder in consideration of such Holder&#146;s consent to the
Proposed Amendments and Waiver, in which case a U.S. Holder will recognize
ordinary income in the amount of the Consent Fee received without any reduction
by any portion of a U.S. Holder&#146;s tax basis in the Old Notes, and the amount
realized on the exchange of the Old Notes for the New Notes will equal the &#147;issue
price&#148; of the New Notes.&#160; However, if the
Consent Fee were instead treated as consideration in the deemed exchange, the
amount realized would equal the sum of the amount of the Consent Fee and the &#147;issue
price&#148; of the New Notes.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The &#147;issue price&#148; of the
New Notes will depend on whether the Old Notes or the New Notes are &#147;publicly
traded&#148; within the meaning of applicable Treasury regulations, and will not
include amounts treated as received with respect to accrued interest on the Old
Notes (which would be taxable as ordinary interest income).&#160; If either the Old Notes or the New Notes are
publicly traded, the issue price of the New Notes will equal the fair market
value of the New Notes (if the New Notes are publicly traded) or the Old Notes
(if the New Notes are not publicly traded), in each case on the date of the
deemed exchange.&#160; If neither the Old
Notes nor the New Notes are publicly traded, the issue price of the New Notes
will equal their imputed principal amount, (generally, the present value of
payments due under the New Notes, discounted using the appropriate applicable
federal rate, compounded semi-annually). While not entirely clear, UTStarcom
believes that the Old Notes and the New Notes are publicly traded within the
meaning of the applicable Treasury regulations.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the deemed exchange is
treated as a wash sale within the meaning of Section 1091 of the Code, U.S.
Holders will not be allowed to currently recognize any loss resulting from the
deemed exchange.&#160; Instead, such loss will
be deferred, and will be reflected as an increase in the basis of the New
Notes.&#160; U.S. Holders should consult their
own tax advisors regarding whether the deemed exchange may be subject to the
wash sale rules.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">21</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='21',FILE='C:\fc\35614280611_H10056_1579411\26412-1-mo-05.htm',USER='jmsproofassembler',CD='Dec 22 14:28 2006' -->
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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the
application of the market discount rules discussed in the next paragraph, any
gain or loss will be capital gain or loss, and will be long-term capital gain
or loss if at the time of the deemed exchange, the Old Notes have been held for
more than one year.&#160; The deduction of
capital losses for U.S. federal income tax purposes is subject to
limitations.&#160; A U.S. Holder&#146;s holding
period for a New Note will commence on the date immediately following the date
of the deemed exchange, and the U.S. Holder&#146;s initial tax basis in the New Note
will be the issue price of the New Note.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to a de minimis
exception, if a U.S. Holder holds Old Notes acquired (other than at original
issue) at a discount from the principal amount of such Old Notes (i.e., a &#147;market
discount&#148;), any gain recognized by the holder on the deemed exchange of the Old
Notes will be recharacterized as ordinary interest income to the extent of
accrued market discount that has not previously been included as ordinary
income.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to a statutory de
minimis exception, if the issue price of a New Note at the time of the deemed
exchange is less than its stated principal amount, the New Note will have
original issue discount for U.S. federal income tax purposes.&#160; Original issue discount generally must be
included in a U.S. Holder&#146;s gross income on a constant yield basis in advance
of the receipt of cash attributable to the discount.&#160; Any amount included in income as original
issue discount will increase the U.S. Holder&#146;s tax basis in the New Note.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Holders are strongly urged to
consult their tax advisors with respect to the deemed exchange resulting from
the adoption of the Proposed Amendments Waiver and the payment of the Consent
Fee and the U.S. tax consequences resulting from such deemed exchange.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Consent Fee</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The law is unclear with
respect to the U.S. federal income tax treatment of the Consent Fee.&#160; The receipt of the Consent Fee by a U.S.
Holder could be treated as separate consideration for consenting to the
Proposed Amendments and Waiver, as additional consideration received in a
deemed exchange of Old Notes for New Notes that is treated as a
recapitalization, or as additional consideration received in a deemed taxable
exchange.&#160; UTStarcom intends to treat the
Consent Fee for U.S. federal income tax purposes as a fee paid to a U.S. Holder
in consideration of such Holder&#146;s consent to the Proposed Amendments and
Waiver, in which case a U.S. Holder will recognize ordinary income in the
amount of the Consent Fee received without any reduction by any portion of a
U.S. Holder&#146;s tax basis in the Notes.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the deemed exchange is
treated as a recapitalization, it is possible the payment of the Consent Fee
could be treated as received in connection with the recapitalization.&#160; In this case, a U.S. Holder generally would
recognize gain, but not loss, equal to the lesser of (i) the excess of (a) the
sum of the issue price of the New Notes and the Consent Fee received over (b)
the U.S. Holder&#146;s adjusted tax basis in the Notes immediately prior to the
deemed exchange and (ii) the amount of the Consent Fee.&#160; Such gain would generally be treated as
capital gain for the U.S. Holders (except to the extent of accrued market
discount or attributable to previously accrued but unpaid interest, in each
case, unless previously included in the U.S. Holder&#146;s income).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alternatively, the
Consent Fee could be treated as additional consideration received in the deemed
exchange of Old Notes for New Notes that is not a recapitalization, in which
case the amount realized would equal the sum of the amount of the Consent Fee
and the issue price of the New Notes (other than amounts treated as received
with respect to accrued interest on the Old Notes, which would be taxable as ordinary
interest income), as described above.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S. Holders should
consult their tax advisors regarding the U.S. federal income tax consequences
of the receipt of the Consent Fee in their particular circumstances.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Information Reporting and Backup Withholding</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information returns will
be filed with the IRS in connection with the payment of the Consent Fee and any
deemed interest payments with respect to a deemed exchange of Old Notes for New
Notes.&#160; A U.S. Holder will be subject to
U.S. backup withholding at the applicable rate (currently 28%) on such payments
if the U.S. Holder fails to provide its taxpayer identification number to the
paying agent and comply with certain certification procedures or otherwise
establish an exemption from backup withholding.&#160;
The amount of any backup withholding deducted from a payment to a U.S.
Holder will be allowed as a credit against the U.S. Holder&#146;s U.S. federal
income tax liability and may entitle the U.S. Holder to a refund, provided that
the required information is furnished to the IRS.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">22</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">U.S.
Holders should consult their own tax advisors as to the tax consequences of the
Consent Solicitation, including whether the Notes held by such U.S. Holder are
publicly traded for U.S. federal income tax purposes, whether the wash sale rules
apply, the proper characterization of the Consent Fee for U.S. federal income
tax purposes and the tax consequences of the Consent Solicitation to
non-consenting holders.</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax
Consequences to Consenting Non-U.S. Holders</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As used herein, the term &#147;Non-U.S.
Holder&#148; means a beneficial owner of a Note for U.S. federal income tax purposes
that is not a U.S. Holder or a partnership or pass-through entity treated as a
partnership for U.S. federal income tax purposes.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This discussion is not
addressed to Non-U.S. Holders who own, actually or constructively, 10% or more
of the total combined voting power of all classes of stock of UTStarcom
entitled to vote, who are controlled foreign corporations related to UTStarcom
through stock ownership, or who, on the date of acquisition of the Notes, owned
Notes with a fair market value of more than 5% of the fair market value of the
common stock of UTStarcom.&#160; Additionally,
this discussion does not describe the U.S. federal income tax consequences to
Non-U.S. Holders who are engaged in a trade or business in the United States
with which the Notes are effectively connected, or who are individuals present
in the United States for 183 days or more in the taxable year of
disposition.&#160; Such Non-U.S. Holders will
generally be subject to special rules and should consult their own tax advisors
regarding the U.S. federal income tax consequences applicable to their
particular situation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Deemed
Exchange of Notes</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the discussion
below concerning backup withholding, any gain realized by a Non-U.S. Holder on
a deemed exchange of Old Notes for New Notes (as described above) will not be
subject to U.S. federal income tax.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Deemed payments of
interest (including original issue discount, if any) to any Non-U.S. Holder on
a deemed exchange of Old Notes for New Notes will not be subject to U.S.
federal withholding tax, provided that the Non-U.S. Holder certifies on IRS
Form W-8BEN, under penalties of perjury, that it is not a U.S. person.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Taxation
of the Consent Fee</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The law is unclear with
respect to the tax treatment of the Consent Fee.&#160; If the receipt of the Consent Fee by a
Non-U.S. Holder is treated as separate consideration for consenting to the
Proposed Amendments and Waiver, such payment may be subject to U.S. withholding
tax at a 30% rate, subject to reduction pursuant to an applicable income tax
treaty.&#160; Because UTStarcom intends to
treat the Consent Fee for U.S. federal income tax purposes as a fee paid to
Holders in consideration of such Holders&#146; consent to the Proposed Amendments
and Waiver, UTStarcom intends to withhold taxes from the payment of the Consent
Fee unless an exemption or partial reduction pursuant to an applicable income
tax treaty is properly established.&#160;
Non-U.S. Holders are urged to consult their own tax advisors as to the
U.S. federal income tax treatment of the Consent Fee and the possibility of
obtaining a refund with respect to any U.S. federal taxes withheld therefrom.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Information
Reporting and Backup Withholding</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information returns will
be filed with the IRS in connection with the payment of the Consent Fee and any
deemed interest payments with respect to any deemed exchange of Old Notes for
New Notes.&#160; Unless the Non-U.S. Holder
complies with certification procedures to establish that it is not a U.S.
person, the Non-U.S. Holder may be subject to U.S. backup withholding on any
Consent Fee payments or deemed interest payments with respect to the
Notes.&#160; The certification procedures
required to claim the exemption from withholding tax on interest pursuant to an
applicable income tax treaty described above will satisfy the certification
requirements necessary to avoid backup withholding as well.&#160; The amount of any backup withholding from a
payment to a Non-U.S. Holder will be allowed as a credit against the Non-U.S.
Holder&#146;s U.S. federal income tax liability and may entitle the Non-U.S. Holder
to a refund, provided that the required information is furnished to the IRS.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax
Considerations for Non-Consenting Holders</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although it is not free
from doubt, UTStarcom intends to treat the Proposed Amendments and Waiver as
not constituting a significant modification to non-consenting Holders and,
therefore, the Consent Solicitation should generally have no U.S. federal
income tax consequences to such Holders.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font face="Times New Roman">23</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>


<p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">FORWARD-LOOKING
STATEMENTS</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Consent Solicitation
Statement and the information incorporated by reference in this Consent
Solicitation Statement may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements relate to future events or
our future financial performance and involve known and unknown risks,
uncertainties and other factors that may cause our or our industry&#146;s actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by such forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such as &#147;may,&#148;
&#147;will,&#148; &#147;should,&#148; &#147;expects,&#148; &#147;plans,&#148; &#147;anticipates,&#148; &#147;believes,&#148; &#147;estimates,&#148; &#147;predicts,&#148;
&#147;potential,&#148; &#147;continue&#148; or the negative of such terms or other comparable
terminology. These statements are only predictions. Actual events or results
may differ materially.&#160; In evaluating
these statements, you should specifically consider various factors, including
the factors outlined under &#147;Certain Considerations&#148; and information contained
in our publicly available filings with the Securities and Exchange Commission.
These factors may cause our actual results to differ materially from any
forward-looking statement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although we believe that
the expectations reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. Moreover, neither any other person nor we assume responsibility
for the accuracy and completeness of such statements. Forward-looking
statements speak only as of the date they are made, and we undertake no
obligation to update publicly any of them in light of new information or future
events.</font></p>

<p style="font-weight:bold;margin:10.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHERE YOU CAN FIND MORE INFORMATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom is subject to
the informational requirements of the Exchange Act, and, in accordance
therewith, files reports and other information with the SEC.&#160; Such reports and other information can be
inspected, without charge, and copied at the Public Reference Section of the
SEC located at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. The SEC
also maintains a web site at http://www.sec.gov, which contains reports and
other information regarding registrants that file electronically with the
SEC.&#160; Copies of these materials can be
obtained at prescribed rates from the Public Reference Section of the SEC at
the principal offices of the SEC, 100 F Street, N.E., Room 1580, Washington,
D.C. 20549.&#160; Please be aware that, as
stated above under &#147;Certain Considerations&#151;Lack of Public Disclosure Concerning
UTStarcom,&#148; upon conclusion of the Committee&#146;s review, UTStarcom&#146;s previously
issued financial statements, including those contained in UTStarcom&#146;s
previously filed annual and quarterly reports on Form 10-K and Form 10-Q, may
be determined unreliable and required to be restated.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom incorporates by
reference into this Consent Solicitation Statement any future filings UTStarcom
may make with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Exchange
Act (other than document or information deemed to have been furnished but not
filed in according with SEC rules), after the date of this Consent Solicitation
Statement and prior to the earlier of the Consent Date and the termination or
withdrawal of the Consent Solicitation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any statement contained
in a document incorporated or deemed to be incorporated by reference herein
will be deemed to be modified or superseded for purposes of this Consent
Solicitation Statement to the extent that a statement contained herein or in
any subsequently filed document or report that also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.&#160; Any such statement so modified or superseded
will not be deemed, except as so modified or superseded, to constitute a part
of this Consent Solicitation Statement.&#160;
UTStarcom is not incorporating any document or information deemed to
have been furnished and not filed in accordance with SEC rules.&#160; In addition, any information contained on
UTStarcom&#146;s website is not a part of this Consent Solicitation Statement or the
related Letter of Consent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom will provide,
without charge, to each Holder to whom this Consent Solicitation Statement is
delivered, upon the written or oral request of any such person, a copy of any
or all of the documents relating to UTStarcom that are incorporated herein by
reference, except the exhibits to such documents (unless such exhibits are
specifically incorporated by reference in such documents).&#160; Requests for such copies should be directed
to UTStarcom at Investor Relations, Attn: Chesha Kamieniecki, 1275 Harbor Bay
Parkway, Alameda, California 94502; Tel: (510) 864-8800; Email:
chesha.kamieniecki@utstar.com.</font></p>


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<div style="font-family:Times New Roman;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The
Information Agent and Tabulation Agent for the Consent Solicitation is:</font></i></p>

<p style="margin:12.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Global Bondholder Services Corporation</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65 Broadway &#150;
Suite 723<br>
New York, New York 10006<br>
Attn:&#160; Corporate Actions</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Banks and Brokers
call:&#160; (212) 430-3774<br>
Toll free (866) 937-2200</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By Facsimile:<br>
(For Eligible Institutions Only):<br>
(212) 430-3775</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Confirmation:<br>
(212) 430-3774</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By Mail, Overnight
Courier or Hand Delivery:<br>
65 Broadway &#150; Suite 723<br>
New York, New York 10006</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Requests
for assistance in completing and delivering the Letter of Consent or requests
for additional copies of this Consent Solicitation Statement, the accompanying
Letter of Consent and other related documents should be directed to the
Tabulation Agent:</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The
Solicitation Agent for the Consent Solicitation is:</font></i></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Citigroup
Global Markets Inc.</font></b></p>

<p align="center" style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">390 Greenwich
Street, 4</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">th</font>&#160;Floor<br>
New York, New York&#160; 10013<br>
Attn: Liability Management Group</p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(800) 558-3745 (U.S.
Toll-Free)<br>
(212) 723-6106 (Collect)</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>a06-26412_1ex99d3.htm
<DESCRIPTION>EX-99
<TEXT>
<html>

<head>






</head>

<body lang="EN-US">

<div>

<p align="right" style="margin:0pt 0pt 12.0pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
99.3</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM,
INC.<br>
LETTER OF CONSENT</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Relating
to Amendments and Waiver under the Indenture<br>
Governing the Following Notes:</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="53%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:53.18%;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Title&nbsp;of&nbsp;Security</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="21%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:21.4%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Principal&nbsp;Amount&nbsp;Outstanding</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="20%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:20.32%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">CUSIP&nbsp;Numbers</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="53%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:53.18%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7/8% Convertible
  Subordinated Notes due 2008</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="20%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:20.4%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">274,600,000</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:20.32%;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">918076AA8<br>
  918076AB6</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="397" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="155" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="151" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Consent
Solicitation for the Notes will expire at 5:00 p.m., New York City time, on
January 5, 2007, unless otherwise extended or earlier terminated (such time and
date, as the same may be extended or earlier terminated, the &#147;Consent Date&#148;).
You will be eligible to receive a Consent Fee only if you validly deliver a
consent prior to the Consent Date (and do not properly revoke such consent
prior to the date the Proposed Amendments and Waiver become effective).&#160; The Proposed Amendments and Waiver will
become effective only upon (i)&nbsp;due execution and delivery of a
Supplemental Indenture by UTStarcom and the Trustee and (ii)&nbsp;upon receipt
by the Trustee of an officers&#146; certificate from UTStarcom certifying that valid
Requisite Consents to the Proposed Waiver have been received (and not properly
revoked) and have been accepted for payment by UTStarcom, (such time and date
when both events referred to in both (i) and (ii), the &#147;Effective Date,&#148;which
effective date could be prior to the Consent Date).&#160; </font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To:&#160;&#160;&#160; Global
Bondholder Services Corporation (as Tabulation Agent)</font></p>

<p align="center" style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">By
Hand, Overnight Delivery or Mail</font></i>:<br>65 Broadway &#150; Suite 723<br>
New York, New York 10006<br>
Attn:&#160; Corporate Actions</p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:20.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="194" valign="top" style="padding:0pt .7pt 0pt 0pt;width:145.55pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --><i>By Facsimile Transmission<br>
  (For Eligible Institutions only):<br>
  </i>(212) 430-3775</p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt -.7pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>
  </td>
  <td width="160" valign="top" style="padding:0pt .7pt 0pt 0pt;width:120.0pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Confirmation:<br>
  </font></i>(212) 430-3774</p>
  </td>
  <td width="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt -.7pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>
  </td>
  <td width="251" valign="top" style="padding:0pt .7pt 0pt 0pt;width:188.45pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Banks
  and Brokers call:<br>
  </font></i>(212) 430-3774<i><br>
  </i>Toll free (866) 937-2200</p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the
terms and conditions set forth in the accompanying Consent Solicitation
Statement dated December 22, 2006 (as it may be amended or supplemented from
time to time, the &#147;Consent Solicitation Statement&#148;) and this Letter of Consent
(as it may be amended or supplemented from time to time, this &#147;Letter of
Consent&#148;), the Consent Solicitation is made by UTStarcom, Inc., a Delaware
corporation (&#147;UTStarcom&#148;), only to Holders (as defined below) as of the Record
Date (as defined below) of UTStarcom&#146;s 7/8% Convertible Subordinated Notes due
2008 (the &#147;Notes&#148;), issued and outstanding under the Indenture (the &#147;Indenture&#148;),
dated as of March 12, 2003, by and between UTStarcom, as issuer, and U.S. Bank
National Association, as trustee (the &#147;Trustee&#148;) as more fully described in the
Consent Solicitation Statement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The term &#147;Record Date&#148; as used herein means 5:00
p.m., New York City time, on December 21, 2006, and the term &#147;Holder&#148; means
each person shown on the records of the registrar for the Notes as a registered
holder as of the Record Date or a Participant (as defined below).</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
term &#147;Expiration Date&#148; means May&nbsp;31, 2007.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capitalized terms
used herein but not defined herein have the meanings set forth in the Consent
Solicitation Statement or in the Indenture.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Holders
who wish to consent to the Proposed Amendments and Waiver must deliver their
properly completed and executed Letter of Consent by mail, first-class postage
prepaid, hand delivery, overnight courier or by facsimile transmission to the
Tabulation Agent (not to UTStarcom, the Solicitation Agent or the Trustee) at
its address or facsimile number set forth above in accordance with the
instructions set forth herein and in the Consent Solicitation Statement.
However, UTStarcom reserves the right to accept any consent received by UTStarcom,
the Solicitation Agent or the Trustee.</font></b></p>

<br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Under no circumstances should any person tender or deliver
Notes to UTStarcom, the Tabulation Agent, the Solicitation Agent, the Trustee
or any other party at any time in connection with the Consent Solicitation or
this Letter of Consent.</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only Holders or
their duly designated proxies (&#147;Duly Designated Proxies&#148;) are eligible to
consent to the Proposed Amendments and Waiver. Any beneficial owner of Notes
who is not a Holder of such Notes must arrange with the person who is the
Holder or such Holder&#146;s assignee or nominee to (i) execute and deliver a Letter
of Consent on behalf of such beneficial owner or (ii) deliver a proxy so that
such beneficial owner can execute and deliver a Letter of Consent on its own
behalf. As of the date of the Consent Solicitation Statement, the only
registered holder of the Notes is Cede &amp; Co., as nominee for The Depository
Trust Company (&#147;DTC&#148;). For purposes of the Consent Solicitation, DTC has
authorized DTC participants (each, a &#147;Participant,&#148; and collectively, the&#148;Participants&#148;)
set forth in the position listing of DTC as of the Record Date to execute
Letters of Consent as if they were Holders of the Notes held of record in the
name of DTC or the name of its nominee. Accordingly, for purposes of the
Consent Solicitation, the term &#147;Holder&#148; shall be deemed to include such
Participants.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only Holders whose
properly executed Letters of Consent are received by the Tabulation Agent prior
to the Consent Date, and who do not properly revoke their consent prior to the
Effective Date, will be eligible to receive the Consent Fee in the event the
Proposed Amendments and Waiver become effective and all other conditions to the
payment of the Consent Fee have been satisfied or waived.&#160; All other Holders will not be eligible to
receive the Consent Fee, but will be bound by the supplemental indenture to the
Indenture (the &#147;Supplemental Indenture&#148;) implementing the Proposed Amendments
and the Proposed Waiver if and when each becomes effective.&#160; Subject to the terms and conditions of the
Consent Solicitation Statement and this Letter of Consent, UTStarcom will pay
the Consent Fee to the Consenting Holders promptly following the later of the
Effective Date and the Consent Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom
expressly reserves the right, in its discretion and regardless of whether any
of the conditions described in the Consent Solicitation Statement under &#147;The
Consent Solicitation&#151;Conditions to Payment of the Consent Fee&#148; have been
satisfied, subject to applicable law, at any time prior to the Effective Date
to (i) terminate or withdraw the Consent Solicitation for any reason, (ii)
waive any of the conditions to the payment of the Consent Fee, (iii) extend the
Consent Date, (iv) amend the terms of the Consent Solicitation, (v) purchase
Notes from time to time, including during the Consent Solicitation, or (vi)
modify the form or amount of the consideration to be offered pursuant to the
Consent Solicitation; provided, however, if the Consent Solicitation is amended
or modified in a manner determined by UTStarcom in good faith to constitute a
material adverse change to the Holders, UTStarcom will promptly disclose such
amendment or modification in a manner it deems in good faith appropriate and
will, if appropriate, extend the Consent Solicitation for a period it deems in
good faith adequate to permit the Holders to deliver and/or revoke their
consents.&#160; Even if a Holder has validly
delivered consents, no Consent Fee will be paid if the Requisite Consents are
not received, if all of the other conditions to the payment of the Consent Fee
have not been satisfied or waived, if the Consent Solicitation is terminated or
withdrawn for any reason or if the Supplemental Indenture or the Proposed
Waiver do not otherwise become effective for any reason.</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONSENT TO PROPOSED AMENDMENTS AND
WAIVER</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By execution
hereof, the undersigned acknowledges receipt of the Consent Solicitation
Statement and hereby represents and warrants that the undersigned is a Holder
(or Duly Designated Proxy) of the Notes indicated below and has full power and
authority to take the action indicated below in respect of such Notes. The
undersigned will, upon request, execute and deliver any additional documents
deemed by UTStarcom to be necessary or desirable to perfect the undersigned&#146;s
consent to the Proposed Amendments and Waiver.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned
acknowledges that the undersigned must comply with the provisions of this
Letter of Consent and complete the information required herein to consent
validly to the Proposed Amendments and Waiver.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By
execution hereof, the undersigned acknowledges that UTStarcom has not filed or
may fail to file any report or other information as it would be required to
file with the SEC under Section 13(a) or 15(d) of the applicable provisions of
the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) and any
related notices or reports (collectively, the &#147;SEC Reports&#148;) with the
Securities and Exchange Commission</font></b></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(the &#147;SEC&#148;), and has not
delivered to the Trustee certain of the reports described by the Indenture
governing the Notes held by such Holder and called for by the Exchange Act.</font></b></p>

<p align="left" style="margin:0pt 0pt 12.0pt;text-align:left;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned
hereby consents to the Proposed Amendment, further described in the Consent
Solicitation Statement, which will provide that (i) during the period beginning
with the Effective Date to and including 5:30 p.m., May&nbsp;31, 2007 (the &#147;Expiration
Date&#148;), (a) any failure by UTStarcom to file with the Securities and Exchange
Commission (the &#147;SEC&#148;) prior to the applicable deadline specified in the
Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and to
deliver to the Trustee a copy of, any report or other information as it would
be required to file with the SEC under Section 13(a) or 15(d) of the Exchange
Act and any related notices or reports (collectively, the &#147;SEC Reports&#148;), (b)
any failure by UTStarcom to deliver certificates (&#147;Compliance Certificates&#148;) to
the Trustee regarding UTStarcom&#146;s compliance with covenants under the
Indenture, including compliance with Section 6.2 of the Indenture, 90 days
after the end of each fiscal year of UTStarcom, including, without limitation,
such Compliance Certificates to be delivered pursuant to Section 6.3 of the
Indenture, and (c) any failure by UTStarcom to otherwise comply with Section
6.2 or Section 6.3 of the Indenture will not constitute a default under the
Indenture (the requirements in the Indenture referred to in (a), (b) and (c)
above, the &#147;Reporting Covenants&#148;); and (ii) if as of the Expiration Date, we do
not comply with the Reporting Covenants, any default under the Indenture
arising from such noncompliance that would have been deemed to have occurred
prior to the Effective Date without regard to the provisions of the
Supplemental Indenture, and would have been deemed to remain uncured as of the
Expiration Date without regard to the provisions of the Supplemental Indenture,
shall be deemed to have occurred as of the Expiration Date.</font></p>

<p align="left" style="margin:6.0pt 0pt 12.0pt;text-align:left;text-indent:36.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned hereby further consents to the Proposed Waiver which
will provide that any and all defaults and Events of Default, and the
consequences thereof, that may have occurred or may occur under the Indenture
prior to the Effective Date due to the failure by UTStarcom to comply with the
Reporting Covenants shall be waived.&#160; For
a description of the Proposed Amendments and Waiver, see &#147;The Proposed
Amendments and Waiver.&#148;</font></p>

<p style="margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned acknowledges that the Proposed
Amendments require for effectiveness the consent of the Holders of a majority
in aggregate principal amount (the &#147;Requisite Consents&#148;) of the Notes
outstanding and not owned by UTStarcom or by any person directly or indirectly
controlling or controlled by or under direct or indirect common control with
UTStarcom (the &#147;Outstanding Notes&#148;) and the due execution and delivery of the
Supplemental Indenture. The undersigned further acknowledges that the Proposed
Waiver requires for effectiveness the receipt of the Requisite Consent and that
the Proposed Waiver shall become effective upon receipt by the Trustee of an
officers&#146; certificate from UTStarcom certifying that valid Requisite Consents
to the Proposed Amendments and Waiver have been received (and not properly
revoked) and have been accepted for payment by UTStarcom. The undersigned
acknowledges that such officer&#146;s certificate from UTStarcom to the Trustee
shall constitute notice of waiver from the undersigned in accordance with
Section 8.4 of the Indenture.&#160; The Effective
Date could be prior to the Consent Date.</font></p>

<p style="margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned acknowledges that the Proposed
Amendments and Waiver are being presented as one proposal.&#160; Accordingly, a consent purporting to consent
to only the Proposed Amendments or the Proposed Waiver will not be valid, and
the delivery of a consent by a Holder of a particular series of Notes will
constitute delivery of a consent to the Proposed Amendments and Waiver.</font></p>

<p style="margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Even if the Proposed Amendments and Waiver become
effective, the Proposed Amendments and Waiver would not cause a waiver of any
default or Event of Default that is continuing after the close of business on
the Expiration Date in accordance with the terms of the Supplemental Indenture.</font></p>

<p style="margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned acknowledges that Letters of Consent
delivered pursuant to any one of the procedures described under the heading &#147;The
Consent Solicitation&#151;Procedures for Consenting&#148; in the Consent Solicitation
Statement and in the instructions included in this Letter of Consent will
constitute a binding agreement between the undersigned and UTStarcom upon the
terms and subject to the conditions of the Consent Solicitation. The
undersigned hereby agrees that it will not revoke any consent it grants hereby
except in accordance with the procedures set forth herein and in the Consent
Solicitation Statement.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unless otherwise specified in the table below, this
Letter of Consent relates to the total aggregate principal amount of Notes held
of record by the undersigned (or the Holder for which the undersigned is the
Duly Designated Proxy) at the close of business on the Record Date. If this
Letter of Consent relates to less than the total aggregate principal amount of
Notes so held, the undersigned must list on the table below the serial numbers
(with respect to the Notes not held by depositaries) and principal amount (in
integral multiples of $1,000) of Notes for which consent is given. If the space
provided below is inadequate, list the certificate numbers and aggregate
principal amounts on a separate signed schedule and affix the schedule to this
Letter of Consent.</font></p>

<p style="margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned authorizes the Tabulation Agent to
deliver this Letter of Consent and any proxy delivered in connection herewith
to UTStarcom and the Trustee as evidence of the undersigned&#146;s actions with
respect to the Proposed Amendments and Waiver.</font></p>

<p align="center" style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>DESCRIPTION OF THE NOTES AS TO WHICH CONSENTS ARE GIVEN</b></p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" bgcolor="white" style="background:white;border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:25.58%;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Name and Address of Holder</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:15.74%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Serial Number(s)*</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Aggregate Principal Amount<br>
  of Notes**</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Principal Amount With Respect to<br>
  Which Consents are Given**</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.58%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.74%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.74%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.58%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.74%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlShadeRow -->&nbsp;</p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.74%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.58%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.74%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="46%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.08%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt -.7pt;"><!-- SET mrlShadeRow --><b>Total Principal Amount Consenting of Notes:</b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.76%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&#160;&#160; </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Need not be completed
by Holders whose Notes are held of record by depositaries including DTC.</p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**&#160;&#160; &#160;Unless otherwise indicated in the column
labeled &#147;Principal Amount With Respect to Which Consents Are Given,&#148; the Holder
will be deemed to have consented in respect of the entire aggregate principal
amount indicated in the column labeled &#147;Aggregate Principal Amount of Notes.&#148; <b><i style="font-weight:bold;">All principal amounts must be in
multiples of $1,000.</i></b></font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONSENT
FEE INSTRUCTIONS</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Requisite Consents are received prior to the Consent Date, and are
not properly revoked prior to the Effective Date, subject to the terms set
forth herein and in the Consent Solicitation Statement and the satisfaction of
conditions to payment of the Consent Fee, UTStarcom will pay to the Holders
from whom properly executed and completed Letters of Consent are received by
the Tabulation Agent prior to the Consent Date and are not properly revoked
prior to the Effective Date (such Holders, the &#147;Consenting Holders&#148;) the
Consent Fee set forth in the Consent Solicitation Statement.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any Consent Fee
that is paid will be paid pursuant to the procedures described herein and under
&#147;The Consent Solicitation&#151;Consent Fee&#148; in the Consent Solicitation Statement.
Any Consent Fee that is paid will be paid only to Holders or Duly Designated
Proxies whose Letters of Consent are received by the Tabulation Agent prior to
the Consent Date and so accepted by the UTStarcom. Holders or Duly Designated
Proxies whose Letters of Consent are not received by the Tabulation Agent prior
to the Consent Date will NOT be eligible to receive the Consent Fee. <b>The method of delivery of all documents, including
fully executed Letters of Consent, is at the election and risk of the Holder or
Duly Designated Proxy.</b></font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Please indicate
below to whom the Consent Fee should be paid.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" bgcolor="white" style="background:white;border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><!-- SET mrlNoTableShading --><b>SPECIAL PAYMENT INSTRUCTIONS</b></p>
  <p style="margin:0pt 0pt .0001pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be completed ONLY if
  the Consent Fee in respect of any consent given hereby is to be issued in the
  name of and sent to someone other than the undersigned.</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SPECIAL DELIVERY INSTRUCTIONS</font></b></p>
  <p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be completed
  ONLY if the Consent Fee in respect of any consent given hereby is to be sent
  to someone other than the undersigned, or to the undersigned at an address
  other than that shown on the following page.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="16%" colspan="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issue Payment
  to:</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="27%" colspan="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:27.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mail Payment to:</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="16%" colspan="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.7%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="27%" colspan="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:27.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="19%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.4%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="1%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.2%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Please
  Print)</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Please
  Print)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="8%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address:</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.2%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:38.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address:</font></p>
  </td>
  <td width="0%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.88%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:40.48%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="8%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="39%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:39.36%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.58%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Include
  Zip Code)</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Include
  Zip Code)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wire Transfer
  Tabulation*</font></p>
  </td>
  <td width="36%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.26%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.26%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Taxpayer Identification or Social Security No.)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.3%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Taxpayer Identification or Social Security No.)</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.58%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="53" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="9" style="border:none;"></td>
  <td width="14" style="border:none;"></td>
  <td width="35" style="border:none;"></td>
  <td width="236" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="55" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="115" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="142" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* To be provided if payment is to be made by wire transfer</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">5</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='5',FILE='C:\fc\356155356758_D11652_1579695\26412-1-mq.htm',USER='jmsproofassembler',CD='Dec 22 15:54 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONSENT</font></b></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IMPORTANT&#151;READ
CAREFULLY</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Letter of
Consent must be executed in exactly the same manner as the name of the Holder
appears on the Notes. An authorized Participant must execute this Letter of
Consent exactly as its name appears on DTC&#146;s position listing as of the Record
Date. If the Notes are held of record by two or more joint Holders, all such
Holders must sign this Letter of Consent. If a signature is by a trustee,
executor, administrator, guardian, attorney-in-fact, officer of a corporation
or other person acting in a fiduciary or representative capacity, such person
must so indicate when signing and must submit proper evidence satisfactory to
UTStarcom of such person&#146;s authority to so act. If the Notes are registered in
different names, separate Letters of Consent must be executed covering each
form of registration. If this Letter of Consent is executed by a person other
than the Holder, then such person must have been authorized by proxy or in some
other manner acceptable to UTStarcom to execute the Letter of Consent on behalf
of the Holder. Any beneficial owner of the Notes who is not a Holder of record
of such Notes must arrange with the person who is the Holder of record or such
Holder&#146;s assignee or nominee to execute and deliver this Letter of Consent on
behalf of such beneficial owner.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" bgcolor="white" style="background:white;border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>SIGN HERE</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signature(s)
  of Holder(s)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="14" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.8%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.84%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;page-break-inside:avoid;">
  <td width="8%" colspan="2" height="15" valign="top" style="height:11.55pt;padding:0pt .7pt 0pt 0pt;width:8.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:</font></p>
  </td>
  <td width="91%" colspan="14" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt .7pt 0pt 0pt;width:91.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;page-break-inside:avoid;">
  <td width="8%" colspan="2" height="15" valign="top" style="height:11.55pt;padding:0pt .7pt 0pt 0pt;width:8.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name(s):</font></p>
  </td>
  <td width="91%" colspan="14" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt .7pt 0pt 0pt;width:91.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Please
  Print)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="14" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.8%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.84%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="16%" colspan="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.28%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capacity (full title):</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.72%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="83%" colspan="9" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:83.0%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="8%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.2%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address:</font></p>
  </td>
  <td width="0%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.72%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="91%" colspan="13" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:91.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Include
  Zip Code)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="48%" colspan="14" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.8%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.84%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Area Code and Telephone No.:</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="73%" colspan="5" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:73.74%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wire Transfer Instructions:*</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="73%" colspan="5" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:73.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="32%" colspan="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Identification or Social Security No.</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.0%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="66%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:66.32%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><br>
  GUARANTEE OF SIGNATURE(S)<br>
  (If required, see instructions 5 and 6 below)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="18%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Authorized Signature:</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="80%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:80.62%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="18%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name and Title:</font></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:80.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Please
  Print)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="16" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="86%" colspan="11" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:86.22%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="12%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:12.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name of Firm:</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" colspan="11" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:86.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="61" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="9" style="border:none;"></td>
  <td width="19" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="12" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="45" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="48" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="113" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="365" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*To be provided if payment is to be made by wire transfer</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">6</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='6',FILE='C:\fc\356155356758_D11652_1579695\26412-1-mq.htm',USER='jmsproofassembler',CD='Dec 22 15:54 2006' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM
OF PROXY WITH RESPECT TO THE CONSENT</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned
hereby irrevocably appoints &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
as attorney and proxy of the undersigned, with full power of substitution, to
execute and deliver this Letter of Consent on which this form of proxy is set
forth with respect to the Notes in accordance with the terms of the Consent
Solicitation described in the Consent Solicitation Statement, with all the
power the undersigned would possess if consenting personally. THIS PROXY IS
IRREVOCABLE AND IS COUPLED WITH AN INTEREST AND SHALL EXPIRE ON THE LATER OF
(i) THE DATE THE PROPOSED AMENDMENTS AND WAIVER BECOME EFFECTIVE OR (ii) THE
CONSENT DATE. The aggregate principal amount and serial numbers of Notes as to
which this Proxy is given are set forth below.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:51.54%;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Aggregate Principal Amount
  of Notes</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="45%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.5%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Serial Number(s)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:51.54%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.5%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:51.54%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.5%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:51.54%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.5%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:51.54%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.5%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:51.54%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="45%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:45.5%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" bgcolor="white" style="background:white;border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>IMPORTANT&#151;READ CAREFULLY</b></p>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This proxy must be signed by the Holder(s) exactly
  as its name(s) appears on the Certificates for the Notes. If the Notes are
  held of record by two or more joint Holders, all such Holders must sign this
  proxy. If a signatory is a corporation, please give full corporate names and
  have a duly authorized officer sign, stating title. If a signatory is a
  partnership or trust, please sign in the partnership or trust name by a duly
  authorized person. If signature is by a trustee, executor, administrator,
  guardian, attorney-in-fact, officer or other person acting in a fiduciary or
  representative capacity, please set forth the signatory&#146;s full name below.
  See Instruction 5.<br><br></font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PLEASE
  SIGN BELOW<br>
  (See Instructions 1 and 5)</font></b></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;">
  <td width="3%" height="15" valign="top" style="height:11.55pt;padding:0pt 0pt 0pt 0pt;width:3.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X:</font></p>
  </td>
  <td width="96%" colspan="7" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt 0pt 0pt 0pt;width:96.08%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;">
  <td width="3%" height="15" valign="top" style="height:11.55pt;padding:0pt 0pt 0pt 0pt;width:3.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X:</font></p>
  </td>
  <td width="96%" colspan="7" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt 0pt 0pt 0pt;width:96.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signature(s) of Owner(s)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="6%" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:6.2%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>
  </td>
  <td width="93%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:93.8%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><br>
  PLEASE TYPE OR PRINT INFORMATION BELOW<br>
  <br><br></font></b></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;">
  <td width="8%" colspan="4" height="15" valign="top" style="height:11.55pt;padding:0pt 0pt 0pt 0pt;width:8.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name(s):</font></p>
  </td>
  <td width="91%" colspan="4" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt 0pt 0pt 0pt;width:91.78%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;">
  <td width="8%" colspan="4" height="15" valign="top" style="height:11.55pt;padding:0pt 0pt 0pt 0pt;width:8.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capacity:</font></p>
  </td>
  <td width="91%" colspan="4" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt 0pt 0pt 0pt;width:91.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;">
  <td width="8%" colspan="4" height="15" valign="top" style="height:11.55pt;padding:0pt 0pt 0pt 0pt;width:8.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address:</font></p>
  </td>
  <td width="91%" colspan="4" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt 0pt 0pt 0pt;width:91.78%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Including Zip Code)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr height="15" style="height:11.55pt;">
  <td width="29%" colspan="6" height="15" valign="top" style="height:11.55pt;padding:0pt 0pt 0pt 0pt;width:29.4%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Area Code and Telephone Number:</font></p>
  </td>
  <td width="70%" colspan="2" height="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;height:11.55pt;padding:0pt 0pt 0pt 0pt;width:70.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:12.0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE
  GUARANTEE<br>
  (If Required, see Instructions 5 and 6)</font></b></p>
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:45.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature(s) Guaranteed by an Eligible Institution:</font></p>
  </td>
  <td width="54%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:54.18%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:45.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:54.18%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Authorized Signature)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:45.82%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="54%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:54.18%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:45.82%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="54%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:54.18%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Title)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:45.82%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="54%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:54.18%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="45%" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:45.82%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="54%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:54.18%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Name of Firm)</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="7%" colspan="3" valign="top" style="padding:0pt 0pt 0pt 0pt;width:7.48%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>
  </td>
  <td width="18%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:18.94%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="73%" colspan="3" valign="top" style="padding:0pt 0pt 0pt 0pt;width:73.58%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr height="0">
  <td width="29" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="10" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="136" style="border:none;"></td>
  <td width="22" style="border:none;"></td>
  <td width="123" style="border:none;"></td>
  <td width="405" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">7</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INSTRUCTIONS
FOR CONSENTING HOLDERS</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(FORMING
PART OF THE TERMS AND CONDITIONS OF THE CONSENT SOLICITATION)</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.
Delivery of this Letter of Consent. </font></b>Subject to the terms and
conditions set forth herein and in the Consent Solicitation Statement, a
properly completed and duly executed copy of this Letter of Consent and other
documents required by this Letter of Consent must be received by the Tabulation
Agent at its address or facsimile number set forth on the cover hereof prior to
the Consent Date. <b><i style="font-weight:bold;">The
method of delivery of this Letter of Consent and all other required documents
to the Tabulation Agent is at the risk of the Holder or Duly Designated Proxy,
and the delivery will be deemed made only when actually received by the
Tabulation Agent. In all cases, sufficient time should be allowed to assure timely
delivery. No Letter of Consent should be sent to any person other than the
Tabulation Agent.</i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any beneficial
owner of Notes who is not a Holder of such Notes must arrange with the person
who is the Holder (<i>e.g.</i>, the
beneficial owner&#146;s broker, dealer, commercial bank, trust company or other
nominee institution) or such Holder&#146;s assignee or nominee to (i) execute and
deliver this Letter of Consent on behalf of such beneficial owner or (ii)
deliver a proxy so that such beneficial owner can execute and deliver a Letter
of Consent on its own behalf.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.
Consent Date. </font></b>The term &#147;Consent Date&#148; means 5:00 p.m., New
York City time, on January 5, 2007, unless UTStarcom extends the period during
which the Consent Solicitation is open, in which case the term &#147;Consent Date&#148;
means the latest time and date to which the Consent Solicitation is extended,
or unless the Consent Solicitation is terminated or withdrawn.&#160; To extend the Consent Date, UTStarcom will
notify the Tabulation Agent in writing or orally of any extension and will make
a public announcement thereof prior to 9:00 a.m., New York City time, on the
next business day after the previously scheduled Consent Date. UTStarcom may
extend the Consent Solicitation on a daily basis or for such specified period
of time as it determines.&#160; Failure by any
Holder or beneficial owner of Notes to be so notified will not affect the
extension of the Consent Solicitation.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.
Questions Regarding Validity, Form, Legality, etc. </font></b>All
questions as to the validity, form, eligibility (including time of receipt) and
acceptance of consents and revocations of consents will be resolved by
UTStarcom whose determinations will be binding. UTStarcom reserves the absolute
right to reject any or all consents and revocations that are not in proper form
or the acceptance of which could, in the opinion of UTStarcom&#146;s counsel, be
unlawful. UTStarcom also reserves the right to waive any irregularities in
connection with deliveries, which UTStarcom may, but is not obligated to,
require to be cured within such time as UTStarcom determines. None of
UTStarcom, the Trustee, the Tabulation Agent, the Solicitation Agent or any
other person shall have any duty to give notification of any such
irregularities or waiver, nor shall any of them incur any liability for failure
to give such notification. Deliveries of Letters of Consent or notices of
revocation will not be deemed to have been made until such irregularities have
been cured or waived. UTStarcom&#146;s interpretation of the terms and conditions of
the Consent Solicitation (including this Letter of Consent and the accompanying
Consent Solicitation Statement and the instructions hereto and thereto) will be
final and binding on all parties.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4.
Holders Entitled to Consent. </font></b>Only a Holder (or its Duly
Designated Proxy, representative or attorney in- fact) or another person who
has complied with the procedures set forth below may execute and deliver a
Letter of Consent. Any beneficial owner or registered holder of the Notes who
is not the Holder thereof (<i>e.g.</i>,
the beneficial owner&#146;s broker, dealer, commercial bank, trust company or other
nominee institution) must arrange with such Holder or such Holder&#146;s assignee or
nominee to (i) execute and deliver this Letter of Consent to the Tabulation
Agent on behalf of such beneficial owner or (ii) deliver a proxy so that such
beneficial owner can execute and deliver a Letter of Consent on its own behalf.
<b>For purposes of the Consent Solicitation, the
term &#147;Holder&#148; shall be deemed to include Participants through which a
beneficial owner&#146;s Notes may be held of record as of the Record Date in DTC. </b>A
consent by a Holder or Duly Designated Proxy is a continuing consent
notwithstanding that ownership of a Note has been transferred subsequent to the
Record Date, unless the Holder or Duly Designated Proxy timely revokes the
prior consent in accordance with the procedures set forth herein and in the
Consent Solicitation Statement.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.
Signatures on this Letter of Consent. </font></b>If this Letter of
Consent is signed by the Holder of the Notes with respect to which this Letter
of Consent is given, th<font face="Times New Roman">e
signature</font> of such Holder must correspond with the name as</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">8</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">contained on the books of
the register maintained by the Trustee or as set forth in DTC&#146;s position
listing without alteration, enlargement or any change whatsoever.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If any of the
Notes with respect to which this Letter of Consent is given were held of record
on the Record Date by two or more joint Holders, all such Holders must sign
this Letter of Consent. If any Notes with respect to which this Letter of
Consent is given have different Holders, it will be necessary to complete, sign
and submit as many separate copies of this Letter of Consent and any necessary
accompanying documents as there are different Holders.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If this Letter of
Consent is signed by trustees, executors, administrators, guardians, Duly
Designated Proxies, attorneys-in-fact, officers of corporations or others
acting in a fiduciary or representative capacity, such persons must indicate
such fact when signing and must, unless waived by UTStarcom, submit evidence
satisfactory to UTStarcom of their authority to so act along with this Letter
of Consent.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6.
Signature Guarantees. </font></b>All signatures on this Letter of
Consent must be guaranteed by a firm or other entity identified in Rule l7Ad-15
under the Securities Exchange Act of 1934, as amended, including (as such terms
are defined therein): (a) a bank; (b) a broker, dealer, municipal securities
dealer, municipal securities broker, government securities dealer or government
securities broker; (c) a credit union; (d) a national securities exchange,
registered securities association or clearing agency; or (e) a savings
institution that is a participant in a Securities Transfer Association
recognized program (each an &#147;Eligible Institution&#148;). However, signatures need
not be guaranteed if this Letter of Consent is given by or for the account of
an Eligible Institution. If the Holder of the Notes is a person other than the
signer of this Letter of Consent, see Instruction 5.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.
Revocation of Consent. </font></b>Consents to the Proposed Amendments and Waiver that are delivered prior
to the Effective Date may be revoked at any time prior to the Effective
Date.&#160; Consents delivered on and after
the Effective Date (even if such date is prior to the Consent Date) may not be
revoked at any time, unless UTStarcom is required by applicable law to permit
such revocation.&#160; Any Holder (or
Duly Designated Proxy) of Notes as to which a consent has been given may revoke
such consent as to such Notes or any portion of such Notes (in integral
multiples of $1,000) by delivering a written notice of revocation or a changed
Letter of Consent bearing a date later than the date of the prior Letter of
Consent at any time prior to the Effective Date (which may occur prior to the
Consent Date).&#160; Any notice of revocation
received on or after the Effective Date will not be effective, even if received
prior to the Consent Date. A consent to the Proposed Amendments and Waiver by a
Holder will bind the Holder and every subsequent holder of such Notes or
portion of such Notes, even if notation of the consent is not made on such
Notes. <b>A transfer of Notes after the Record
Date must be accompanied by a duly executed proxy from the relevant Holder if
the subsequent transferee is to have revocation rights with respect to a
consent to the Proposed Amendments and Waiver given by a Holder.</b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be valid, a
notice of revocation must (i) be in writing, (ii) contain the name of the
Holder and the aggregate principal amount of the Notes to which it relates,
(iii) either be signed in the same manner as the original Letter of Consent or
accompanied by a duly executed proxy or other authorization (in form
satisfactory to UTStarcom) by the Holder, and (iv) be received by the
Tabulation Agent in accordance with the instructions contained herein prior to
the Effective Date.&#160; All revocations of
consents must be sent to the Tabulation Agent at its address set forth in this
Letter of Consent.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be effective,
the revocation must be executed by the Holder in the same manner as the name of
such Holder appears on the books of the register maintained by the Trustee or
as set forth in DTC&#146;s position listing without alteration, enlargement or any
change whatsoever. If a revocation is signed by a trustee, executor,
administrator, guardian, Duly Designated Proxy, attorney-in-fact, officer of a
corporation or other person acting in a fiduciary or representative capacity,
such person must indicate such fact when signing and must, unless waived by
UTStarcom, submit with the revocation appropriate evidence of authority to
execute the revocation. <b>A revocation of the
consent will be effective only as to the Notes listed on the revocation and
only if such revocation complies with the provisions of this Letter of Consent
and the Consent Solicitation Statement. </b>Only a Holder (or Duly
Designated Proxy) is entitled to revoke a consent previously given. A
beneficial owner of the Notes must arrange with the Holder to execute and
deliver on its behalf a revocation of any consent already given with respect to
such Notes. A transfer of Notes after the Record Date must be accompanied by a
duly executed proxy from the relevant Holder if the subsequent transferee is to
have revocation rights with respect to the relevant consent to the Proposed</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">9</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendments and Waiver. A
purported notice of revocation that is not received by the Tabulation Agent in
a timely fashion and accepted by the UTStarcom as a valid revocation will not
be effective to revoke a consent previously given.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A
revocation of a consent may be rescinded only by the delivery of a written
notice of revocation or the execution and delivery of a new Letter of Consent.
A Holder who has delivered a revocation may thereafter deliver a new Letter of
Consent by following one of the described procedures at any time prior to the
Consent Date.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Prior to the
Consent Date, UTStarcom intends to consult with the Tabulation Agent to
determine whether the Tabulation Agent has received any revocations of
consents. UTStarcom reserves the right to contest the validity of any such
revocations.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:none;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8. Backup Withholding. </font></b>Federal
income tax law generally requires a consenting Holder to provide to the
Tabulation Agent (as payor) such Holder&#146;s correct Taxpayer Identification
Number (&#147;TIN&#148;) on the Substitute Form W-9 below, which in the case of a
consenting Holder who is an individual is generally such Holder&#146;s social
security number, or otherwise establishes an exemption. If the Tabulation Agent
is not provided with the correct TIN or an adequate basis for an exemption from
backup withholding, such consenting Holder may be subject to a $50 penalty
imposed by the Internal Revenue Service (the &#147;IRS&#148;) and backup withholding at
the then applicable rate (currently, 28%) on the amount of gross proceeds
received pursuant to the Consent Solicitation. If withholding results in an
overpayment of taxes, a refund may be obtained provided the required
information is timely furnished to the IRS.</p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exempt Holders are
not subject to these backup withholding and reporting requirements. See the
enclosed Guidelines of Certification of Taxpayer Identification Number on
Substitute Form W-9 (the &#147;W-9 Guidelines&#148;) for additional instructions.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To prevent backup
withholding, each consenting Holder must provide its correct TIN by completing
the Substitute Form W-9 set forth below, certifying, under penalties of
perjury, that (A) the TIN provided is correct (or that such holder is awaiting
a TIN), (B) the Holder is a U.S. person, and (C)(i) the Holder is exempt from
backup withholding, (ii) the Holder has not been notified by the IRS that such
Holder is subject to backup withholding as a result of a failure to report all
interest or dividends, or (iii) the IRS has notified the Holder that such
Holder is no longer subject to backup withholding.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Holder that
is a U.S. person does not have a TIN, such Holder should consult the W-9
Guidelines for instructions on applying for a TIN and check the box in Part 1
of the Substitute Form W-9. Note: Checking this box on the form means that such
Holder has already applied for a TIN or that such Holder intends to apply for
one in the near future. If the box in Part 1 of the Substitute Form W-9 is
checked, and the Tabulation Agent is not provided with a TIN by the time of
payment, the Tabulation Agent may withhold a portion of the gross proceeds paid
to the Holder.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Tabulation
Agent intends to withhold at a rate of 30% on payments pursuant to the Consent
Solicitation to a nonresident alien or foreign entity unless such Holder
provides the appropriate properly executed IRS Form W-8 (or appropriate
substitute form) certifying that such Holder is eligible for an exemption from
or a reduction in the rate of withholding. If such withholding results in an
overpayment of federal income taxes, a refund or credit may be obtained from the
IRS.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9.
Waiver and Amendment of Conditions. </font></b>UTStarcom reserves the
absolute right, subject to applicable law, to amend, waive or modify the terms
and conditions of the Consent Solicitation.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">10</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10.
Questions and Requests for Assistance and Additional Copies. </font></b>Questions
regarding the Consent Solicitation, requests for assistance in completing and
delivery of this Letter of Consent or for additional copies of the Consent
Solicitation Statement, this Letter of Consent or other related documents
should be directed to the Tabulation Agent as follows:</p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Global Bondholder Services
Corporation</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65 Broadway &#150; Suite 723</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, New York 10006</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn:&#160; Corporate Actions</font></p>

<p align="center" style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Banks and Brokers call:</font></i>&#160; (212) 430-3774</p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toll free (866)
937-2200</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">By Facsimile:</font></i></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">(For Eligible Institutions Only):</font></i></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(212) 430-3775</font></p>

<p align="center" style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Confirmation</font></i>:</p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(212) 430-3774</font></p>

<p align="center" style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">By Mail, Overnight Courier or
Hand Delivery</font></i>:</p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65 Broadway &#150; Suite 723</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, New York 10006</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">11</font></p>
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<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="672" colspan="13" valign="top" style="padding:0pt 0pt 0pt 0pt;width:504.0pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>PAYER&#146;S NAME: Global Bondholder Services Corporation
  (as Tabulation Agent)</b></p>
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="144" colspan="2" rowspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:107.75pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUBSTITUTE<br>
  <br>
  Form</font></b><b><font style="font-weight:bold;">W-9<br>
  </font>Department of the Treasury<br>
  Internal Revenue Service</b></p>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><br>
  Request for Taxpayer<br>
  Identification Number <br>
  and Certification</font></b></p>
  </td>
  <td width="528" colspan="11" style="padding:0pt 0pt 0pt 0pt;width:396.25pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PAYEE INFORMATION&nbsp; </font></b>(please print or type)<br><br></p>
  </td>
 </tr>
 <tr>
  <td width="156" colspan="2" style="padding:0pt 0pt 0pt 0pt;width:117.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Individual or business name:</font></p>
  </td>
  <td width="372" colspan="9" valign="top" style="padding:0pt 0pt 0pt 0pt;width:279.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="191" colspan="4" valign="top" style="padding:0pt 0pt 0pt 0pt;width:143.05pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check appropriate box:</font></p>
  </td>
  <td width="168" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:126.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Individual/Sole<br>&nbsp;&nbsp;&nbsp;&nbsp; Proprietor</p>
  </td>
  <td width="169" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:126.9pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Corporation</p>
  </td>
 </tr>
 <tr>
  <td width="191" colspan="4" valign="top" style="padding:0pt 0pt 0pt 0pt;width:143.05pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="168" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:126.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Partnership</p>
  </td>
  <td width="169" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:126.9pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Other</p>
  </td>
 </tr>
 <tr>
  <td width="191" colspan="4" valign="top" style="padding:0pt 0pt 0pt 0pt;width:143.05pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="338" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:253.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Exempt from backup withholding</p>
  </td>
 </tr>
 <tr>
  <td width="316" colspan="8" valign="top" style="padding:0pt 0pt 0pt 0pt;width:236.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address (number, street, and apt. or suite no.):</font></p>
  </td>
  <td width="213" colspan="3" valign="top" style="padding:0pt 0pt 0pt 0pt;width:159.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="223" colspan="7" valign="top" style="padding:0pt 0pt 0pt 0pt;width:167.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="305" colspan="4" valign="top" style="padding:0pt 0pt 0pt 0pt;width:229.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="144" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:107.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="192" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:143.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">City, State and ZIP code:<br><br></font></p>
  </td>
  <td width="337" colspan="6" valign="top" style="padding:0pt 0pt 0pt 0pt;width:252.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="361" colspan="8" rowspan="6" valign="top" style="padding:0pt 0pt 0pt 0pt;width:270.6pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part I: Taxpayer Identification
  Number <i>(&#147;TIN&#148;) <br>
  </i></font></b>Enter your TIN to the right and certify by
  signing and dating below.&nbsp; For
  individuals, your TIN is your social security number.&nbsp; Sole proprietors may enter either their
  social security number or their employer identification number.&nbsp; For other entities, your TIN is your
  employer identification number.</p>
  </td>
  <td width="311" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:233.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Social security number:</font></p>
  </td>
 </tr>
 <tr>
  <td width="311" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:233.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="311" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:233.4pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Or</font></p>
  </td>
 </tr>
 <tr>
  <td width="311" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:233.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employer identification number:</font></p>
  </td>
 </tr>
 <tr>
  <td width="311" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:233.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="311" colspan="5" valign="top" style="padding:0pt 0pt 0pt 0pt;width:233.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Applied For<br><br></p>
  </td>
 </tr>
 <tr>
  <td width="672" colspan="13" valign="top" style="padding:0pt 0pt 0pt 0pt;width:504.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part II: Certification</font></b></p>
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certification Instructions: You must cross out item
  2 below if you have been notified by the Internal Revenue Service (the <i>&#147;IRS&#148;</i>) that you are currently subject to
  backup withholding because of underreporting interest or dividends on your
  tax return.<i>&nbsp; </i>However,
  if after being notified by the IRS that you were subject to backup
  withholding after you received another notification from the IRS that you are
  no longer subject to backup withholding, do not cross out item 2.<br><br></font></p>
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under penalties of perjury, I certify that:</font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The number shown
  on this form is my correct TIN (or a TIN has not been issued to me and either
  (a) I have mailed or delivered an application to receive a TIN to the
  appropriate IRS Center or Social Security Administration Office, or (b) I
  intend to mail or deliver an application in the near future). I understand
  that until I provide my TIN to the payer, a portion of all reportable
  payments made to me by the payer may be withheld and remitted to the IRS as
  backup withholding;</p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>I am not subject
  to backup withholding because: (a) I am exempt from backup withholding, (b) I
  have not been notified by the IRS that I am subject to backup withholding as
  a result of a failure to report all interest or dividends or (c) the IRS has
  notified me that I am no longer subject to backup withholding; and</p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>I am a U.S.
  person (including a U.S. resident alien).</p>
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For U.S. payees exempt from backup withholding
  (write &#147;Exempt&#148; in this space): &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="672" colspan="13" valign="top" style="padding:0pt 0pt 0pt 0pt;width:504.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Internal Revenue Service does
  not require your consent to any provision of this document other than the
  certifications required to avoid backup withholding.</font></b></p>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="82" valign="top" style="padding:0pt 0pt 0pt 0pt;width:61.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature</font></p>
  </td>
  <td width="191" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:143.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="51" colspan="2" valign="top" style="padding:0pt 0pt 0.375pt 0pt;width:38.0pt;">
  <p style="margin:0pt 0pt .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date</font></p>
  </td>
  <td width="221" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:165.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="127" valign="top" style="padding:0pt 0pt 0.375pt 0pt;width:95.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp; , 2006</font></p>
  </td>
 </tr>
 <tr>
  <td width="672" colspan="13" valign="top" style="padding:0pt 0pt 0pt 0pt;width:504.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr height="0">
  <td width="82" style="border:none;"></td>
  <td width="61" style="border:none;"></td>
  <td width="130" style="border:none;"></td>
  <td width="27" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="10" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="26" style="border:none;"></td>
  <td width="6" style="border:none;"></td>
  <td width="93" style="border:none;"></td>
  <td width="43" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="127" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTE:
Failure to complete and return this form may result in backup withholding on
any payments made to you pursuant to the Consent Solicitation and a $50 penalty
imposed by the IRS. Please review the enclosed Guidelines for Certification of
Taxpayer Identification Number on Substitute Form W-9 for additional details.</font></b></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p> <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GUIDELINES FOR CERTIFICATION OF TAXPAYER IDENTIFICATION<br>
NUMBER ON SUBSTITUTE FORM W-9</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Guidelines for Determining the Proper Identification
Number to Give the Payer.</font></b>&#160; Social Security Numbers have
nine digits separated by two hyphens: i.e. 000-00-0000.&#160; Employer Identification Numbers have nine
digits separated by only one hyphen: i.e. 00-0000000.&#160; The table below will help you determine the
number to give the payer.</p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->For this type of account:</p>
  </td>
  <td width="15" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="316" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Give the
  SOCIAL<br>
  SECURITY number of&#151;</font></b></p>
  </td>

 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><!-- SET mrlShadeRow -->1.<font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Individual&#146;s account</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="316" valign="top" style="padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The individual</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Two or more individuals (joint
  account)</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="316" valign="top" style="padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The actual owner of the account or, if combined
  funds, the first individual on the account(1)</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><!-- SET mrlShadeRow -->3.<font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Custodian account of a Minor (Uniform Gift to Minors
  Act)</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="316" valign="top" style="padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The minor(2)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 30.0pt;text-indent:-30.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>a.<font size="1" style="font-size:8.5pt;">&nbsp; </font>The
  usual revocable savings trust account (grantor is also trustee)</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="316" valign="top" style="padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The grantor-trustee(1)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 30.0pt;text-indent:-12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font>So-called
  trust account that is not a legal or valid trust under state law</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="316" valign="top" style="padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The actual owner(1)</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><!-- SET mrlShadeRow -->5.<font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Sole proprietorship or single-owner LLC</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="316" valign="top" style="padding:0pt .7pt 0pt 0pt;width:237.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The owner(3)</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">For this type
  of account:</font></b></p>
  </td>
  <td width="15" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="318" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Give the
  EMPLOYER<br>
  IDENTIFICATION <br>
  For this type of account:<br>
  number of&#151;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Sole proprietorship or
  single-owner LLC</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The owner(3)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>A valid trust, estate, or
  pension trust</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The legal entity (Do not furnish the identifying
  number of the personal representative or trustee unless the legal entity
  itself is not designated in the account title.)(4)</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Corporate account</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The corporation</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Association, club,
  religious, charity, educational organization or other Tax-Exempt organization
  account</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The organization</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp; </font>Partnership or multi-member LLC</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The partnership</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp; </font>A broker or registered
  nominee</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The broker or nominee</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="340" valign="top" style="padding:0pt .7pt 0pt 0pt;width:255.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp; </font>Account with the Department of
  Agriculture in the name of an entity (such as a state or local government,
  school district, or prison) that receives agricultural program payments</p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.4pt;">
  <p style="margin:0pt 0pt .0001pt -.7pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="318" valign="top" style="padding:0pt .7pt 0pt 0pt;width:238.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The public entity</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 15.6pt;text-indent:-15.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>List first and circle the name of the person
whose number you furnish.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 15.6pt;text-indent:-15.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Circle the minor&#146;s name and furnish the
minor&#146;s social security number.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 15.6pt;text-indent:-15.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Show the name of the owner.&#160; Either the social security number or the
employer identification number may be furnished.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-indent:-15.6pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>List first and circle the name of the legal
trust, estate, or pension trust.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note:</font></b>&#160; If no name is circled when there
is more than one name, the number will be considered to be that of the first
name listed.</p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p> <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GUIDELINES FOR CERTIFICATION OF TAXPAYER IDENTIFICATION<br>
NUMBER ON SUBSTITUTE FORM W-9</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Obtaining a Number</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you do not have a taxpayer identification number or you do not know
your number, obtain Form SS-5, Application for a Social Security Card (for
resident Individuals), Form SS-4, Application for Employer Identification
Number (for businesses and all other entities),&#160;
or Form W-7, Application for IRS Individual Taxpayer Identification
Number (for alien individuals required to file U.S. tax returns), at the local
office of the Social Security Administration or the Internal Revenue Service
(the &#147;IRS&#148;) and apply for a number.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To complete the Substitute Form W-9, if you do not have a taxpayer
identification number, write &#147;applied for&#148; in the box in Part I of the form,
sign and date the form, and give it to the requester.&#160; Generally, you will then have 60 days to
obtain a taxpayer identification number and furnish it to the requester.&#160; If the requester does not receive your
taxpayer identification number within 60 days, backup withholding, if
applicable, will begin and will continue until you furnish your taxpayer
identification number to the requester.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Payees and Payments Exempt from Backup Withholding</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payees exempt from backup withholding on all payments include the
following:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An organization exempt from
tax under Section 501(a), any IRA, or a custodial account under Section 403(b)
(7) if the account satisfies the requirements of Section 401(f) (2).</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The United States or any of
its agencies or instrumentalities.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A state, the District of
Columbia, a possession of the United States, or any of their political
subdivisions or instrumentalities.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A foreign government or any
of its political subdivisions, agencies, or instrumentalities.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An international organization
or any of its agencies or instrumentalities.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other payees that may be exempt from backup withholding include:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A corporation.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A foreign central bank of
issue.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A dealer in securities or
commodities required to register in the United States, the District of
Columbia, or a possession of the United States.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A futures commission merchant
registered with the Commodity Futures Trading Commission.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A real estate investment
trust.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">An entity registered at all
times during the tax year under the Investment Company Act of 1940.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A common trust fund operated
by a bank under Section 584(a).</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A financial institution.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A middleman known in the
investment community as a nominee or custodian.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">A trust exempt from tax under
Section 664 or described in Section 494</font><font size="2" style="font-size:10.0pt;">7.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payments of dividends and patronage dividends not generally subject to
backup withholding include the following:</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments to nonresident
aliens subject to withholding under Section 1441.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;page-break-after:avoid;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments to partnerships not
engaged in a trade or business in the United States and which have at least one
nonresident alien partner.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments of patronage
dividends not paid in money.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments made by certain
foreign organizations.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Section 404(k) distributions
made by an ESOP.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payments of interest not generally subject to backup withholding include
the following:</font></p>

<p style="font-family:Times New Roman;font-size:9.0pt;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments of interest on
obligations issued by individuals. </font>Note: You may be subject to
backup withholding if this interest is $600 or more and is paid in the course
of the payer&#146;s trade or business and you have not provided your correct
taxpayer identification number to the payer.</p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments of tax-exempt
interest (including exempt-interest dividends under Section 852).</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments described in Section
6049(b)(5) to non-resident aliens.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments on tax-free covenant
bonds under Section 1451.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt .0001pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Payments made by certain
foreign organizations.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;text-justify:inter-ideograph;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Mortgage or student loan
interest paid to you.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EXEMPT PAYEES DESCRIBED ABOVE SHOULD FILE SUBSTITUTE FORM W-9 TO AVOID
POSSIBLE ERRONEOUS BACKUP WITHHOLDING. FILE THIS FORM WITH THE PAYER, FURNISH
YOUR TAXPAYER IDENTIFICATION NUMBER, WRITE &#147;EXEMPT&#148; ON THE FACE OF THE FORM,
SIGN AND DATE THE FORM AND RETURN IT TO THE PAYER. IF YOU ARE A NON-RESIDENT
ALIEN OR A FOREIGN ENTITY NOT SUBJECT TO BACKUP WITHHOLDING, FILE WITH PAYER A
COMPLETED INTERNAL REVENUE SERVICE FORM W-8 (CERTIFICATE OF FOREIGN STATUS).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain payments other than interest, dividends, and patronage
dividends, that are not subject to information reporting are also not subject
to backup withholding.&#160; For details, see
Sections 6041, 6041A, 6042, 6044, 6045, 6049, 6050A and 6050N and the
regulations promulgated thereunder.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Privacy Act Notice.</font></b>&#160;
Section 6109 requires most recipients of dividend, interest, or other
payments to give taxpayer identification numbers to payers who must report the
payments to the IRS.&#160; The IRS uses the
numbers for identification purposes.&#160;
Payers must be given the numbers whether or not recipients are required
to file tax returns.&#160; Payers must
generally withhold 28% of taxable interest, dividend, and certain other
payments to a payee who does not furnish a taxpayer identification number to a
payer.&#160; Certain penalties may also apply.</p>

<p style="margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Penalties</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(1)&#160; Penalty for
Failure to Furnish Taxpayer Identification Number.</font></b>&#160; If you
fail to furnish your correct taxpayer identification number to a requester, you
are subject to a penalty of $50 for each such failure unless your failure is
due to reasonable cause and not to willful neglect.</p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p> <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='14',FILE='C:\fc\356155356758_D11652_1579695\26412-1-mq.htm',USER='jmsproofassembler',CD='Dec 22 15:54 2006' -->
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 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(2)&#160; Civil Penalty
for False Information with Respect to Withholding.</font></b>&#160; If you
make a false statement with no reasonable basis which results in no imposition
of backup withholding, you are subject to a penalty of $500.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(3)&#160; Criminal
Penalty for Falsifying Information.</font></b>&#160; Willfully falsifying
certifications or affirmations may subject you to criminal penalties including
fines and/or imprisonment.</p>

<p style="margin:0pt 0pt .0001pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FOR
ADDITIONAL INFORMATION CONTACT YOUR TAX ADVISER OR THE INTERNAL REVENUE SERVICE</font></b></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p> <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
