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<SEC-DOCUMENT>0001104659-07-054787.txt : 20070719
<SEC-HEADER>0001104659-07-054787.hdr.sgml : 20070719
<ACCEPTANCE-DATETIME>20070719093854
ACCESSION NUMBER:		0001104659-07-054787
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070718
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070719
DATE AS OF CHANGE:		20070719

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:		07988067

	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>a07-19754_18k.htm
<DESCRIPTION>8-K
<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><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UNITED STATES</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">SECURITIES AND
EXCHANGE COMMISSION</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, D.C. 20549</font></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>July 19, 2007</p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">UTSTARCOM, INC.</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;">(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>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;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;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;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;">1275
  Harbor Bay Parkway</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;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;">Alameda,
  California 94502</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of
  principal executive offices)&nbsp;&nbsp; (Zip
  code)</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%;">
  <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="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;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;">(510)
  864-8800</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s
  telephone number, including area code)</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%;">
  <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="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;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;">N/A</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0pt .7pt 0pt .7pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;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>
  </td>
 </tr>
</table>

</div>

<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;"><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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<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">On July 13, 2007, the Board of Directors of UTStarcom,
Inc. (the &#147;Company&#148;) approved an amendment to Article III, Section 3.2 of the
Company&#146;s bylaws to change the authorized number of directors of the Company
from seven to a range of from six to eight, with the exact number to be set by
resolution of the Board of Directors from time to time.&#160; The amended bylaw provision reads in full as
follows:</font></b></p>

<p style="margin:0pt 0pt 12.0pt 36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;3.2 NUMBER OF DIRECTORS</font></p>

<p style="margin:0pt 0pt 12.0pt 36.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The number of directors shall be not less
than six (6) and no more than eight (8), with the exact number of directors
between the stated minimum and maximum to be fixed from time to time by
resolution of a majority of the Board of Directors then in office.&#160; No reduction of the authorized number of
directors shall have the effect of removing any director before that director&#146;s
term of office expires.&#148;</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
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 July 19,
2007, 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 convertible subordinated notes due 2008 (the &#147;Notes&#148;)
to a proposed waiver under and proposed amendments to the indenture pursuant to
which the Notes were issued (the &#147;Indenture&#148;).&#160;
The proposed waiver would provide that any default or event of default
that may have occurred prior to the date the proposed amendments and waiver become
effective (the &#147;Effective Date&#148;), as a result of any failure by the Company to
comply with certain covenants in the Indenture, including covenants relating to
reports and other information required to be filed by the Company with the
Securities and Exchange Commission pursuant to the Securities Exchange Act of
1934, as amended, and copies of such reports, other information and
certificates of compliance required to be delivered to the trustee, be
waived.&#160; The proposed amendments would
provide that a failure by the Company to comply with such covenants during the
period from and including the Effective Date to maturity of the Notes will not
cause a default or an event of default under the Indenture.&#160; The consent solicitation will expire at 5
p.m. New York City time on Thursday, July 26, 2007, unless extended or earlier
terminated.&#160; The consent solicitation
statement delivered to holders of 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="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">FACTORS AFFECTING FUTURE
OPERATING RESULTS</font> - <font style="letter-spacing:-.1pt;">RISKS RELATED TO OUR COMPANY:</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">In addition to the risk
factors described below, the Company also refers readers to the risk factors
identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange
Commission.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Our success is dependent on
continuing to hire and retain qualified personnel, including for senior
management positions, and if we are not successful in attracting and retaining this
personnel and in managing key employee turnover, our business will suffer.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">The success of our business
depends in significant part upon the continued contributions of key technical
and senior management personnel, many of whom would be difficult to
replace.&#160; In particular, our success
depends in large part on the knowledge, expertise and services of Hong Liang
Lu, our Chief Executive Officer, Peter Blackmore, our President and Chief
Operating Officer, Francis P. Barton, Executive Vice President and Chief
Financial Officer, and Philip Christopher, President and Chief Executive
Officer of our Personal Communications Division.&#160; The loss of any key employee, the failure of
any key employee to perform satisfactorily in his or her current position or
our failure to attract and retain other key technical and senior management
employees could have a significant negative impact on our operations.&#160; We have had significant changes within our
senior management team recently, and our current senior management team as a
whole does not have the same degree of experience in China as our senior
management had in the past.&#160; If our
current senior management cannot maintain and /or establish key relationships
with customers, governmental entities and others in China, our business in
China may decline significantly and our financial condition and results of
operations may be significantly harmed.</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;letter-spacing:-.1pt;">Notwithstanding the restructuring
of our workforce, to effectively manage our operations, we will need to
recruit, train, assimilate, motivate and retain qualified employees both
locally and internationally.&#160; Competition
for qualified employees is intense, and the process of recruiting personnel in
all fields, including technology, research and development, sales and
marketing, administration and management with the combination of skills and
attributes required to execute our business strategy can be difficult,
time-consuming and expensive.&#160; As we grow
globally, we must implement hiring and training processes that are capable of
quickly deploying qualified local residents to knowledgeably support our
products and services.&#160; Alternatively, if
there is an insufficient number of qualified local residents available, we
might incur substantial costs in recruiting foreign employees to service new
global markets.&#160; For example, we have
historically experienced difficulty finding qualified accounting personnel
knowledgeable in both U.S. and Chinese </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;letter-spacing:-.1pt;">accounting standards who are Chinese
residents.&#160; If we fail to attract, hire,
assimilate or retain qualified personnel, our business would be harmed.&#160; Competitors and others have in the past, and
may in the future, attempt to recruit our employees.&#160; In addition, companies in the
telecommunications industry whose employees accept positions with competitors
frequently claim that the competitors have engaged in unfair hiring
practices.&#160; We may be the subject of
these types of claims in the future as we seek to hire qualified personnel.&#160; Some of these claims may result in material
litigation and disruption to our operations.&#160;
We could incur substantial costs in defending ourselves against these
claims, regardless of their merit.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">Sales in China have historically
accounted for a material portion of our total sales, and our business,
financial condition and results of operations are to a significant degree
subject to economic, political and social events, and the performance of our
senior management team, in China.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">A significant portion of our
net sales has historically occurred in China.&#160;
While we have expanded into other markets, we have made substantial
investments in China and, therefore, our business, financial condition and
results of operations are to a significant degree subject to economic,
political, legal and social developments and other events in China.&#160; In addition, we have had significant changes
within our senior management team recently, and our current senior management
team as a whole does not have the same degree of experience in China as our
senior management team had in the past. If our current senior management in
China cannot maintain and /or establish key relationships with customers,
governmental entities and others in China, our business in China may decline
significantly.&#160; If our business in China
declines, our financial condition and results of operations may be
significantly harmed.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">We have</font></i><font style="letter-spacing:-.1pt;">  <i>incurred net losses in the past and will need to
renew our lines of credit in China, refinance our convertible subordinated
debentures, and transfer cash from our subsidiaries in China to have sufficient
cash resources and liquidity to finance our anticipated working capital and
capital expenditure requirements. Our ability to accomplish these actions is
not assured, and our ability to raise funds for other purposes is uncertain.</i></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;letter-spacing:-.1pt;">A majority of our current cash and short-term
investments to meet our liquidity requirements is held by our subsidiaries in
China. China imposes currency exchange controls on transfers of funds outside
of China; such controls limit transfers of approximately $200 million of our
net assets outside of China without first obtaining the consent of the Chinese
government. Additionally, available credit facilities in China available for
working capital purposes and in support of letters of credit and corporate
guarantees expire principally in November and December 2007 or earlier, by
limiting our access to existing facilities due to changes in our credit rating
as determined by the lenders. &nbsp;In addition, we also have outstanding
long-term debt outside of China in the form of our convertible subordinated
notes with a principal balance of $274.6 million that matures in March 2008.</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;letter-spacing:-.1pt;">We plan to maintain adequate liquidity levels by
renewing our lines of credit in China, refinancing the existing long-term debt,
and transferring cash from China as necessary to provide funds to meet
liquidity needs in the rest of the world.&#160;
However, we do not currently have sufficient cash reserves outside of
China to pay the $274.6 million principal amount of our convertible subordinated
notes maturing in March 2008, and we expect our recent financial performance
and financial position will cause the lenders to reduce the total available
credit facilities when we negotiate renewals of these lines of credit in late
2007. The Company believes it has sufficient amount of cash to maintain
adequate liquidity for the next 12 months. However, it may be necessary for us
to make significant changes to our business plan to maintain adequate liquidity
for at least the next 12 months in the event of various matters, such as:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt .0001pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="letter-spacing:-.1pt;">changes in financial
market conditions or our business condition that could limit our access to
existing credit facilities or make planned refinancings more costly or even
unfeasible;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="letter-spacing:-.1pt;">changes in China&#146;s
currency exchange control regulations that could limit our ability to access
cash in China to meet liquidity requirements outside of China; and</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</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 54.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;letter-spacing:-.1pt;">&#183;</font><font size="1" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="letter-spacing:-.1pt;">an inability to achieve
planned operating results that could increase liquidity requirements beyond
those considered in our financial plans.</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;letter-spacing:-.1pt;">We may desire to raise additional funds for
purposes not presently included in our financial plans such as to develop new
or enhanced products, respond to competitive pressures, take advantage of
acquisition opportunities or raise capital for strategic purposes. There is no
assurance that additional financing for these or other purposes would be
available on acceptable terms or at all. If we raise additional funds through
the issuance of equity securities, our stockholders will experience dilution of
their ownership interest, and the newly issued securities may have rights
superior to those of our common stock.&nbsp; If we raise additional funds by
issuing debt, our ability to meet our debt service obligations will be
dependent upon our future performance, which will be subject to financial,
business and other factors affecting our operations, many of which are beyond our
control, and we may be subject to limitations on our operations and our
leverage may increase.&nbsp; The degree to which we are leveraged could
materially and adversely affect our ability to obtain financing for working
capital, acquisitions or other purposes and could make us more vulnerable to
industry downturns and competitive pressures.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Our ability to meet our
obligations under the terms of our outstanding convertible notes and to
continue operations may be compromised if we are unable to transfer funds from
our Chinese operations if and as needed.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We do not currently have sufficient cash reserves outside of China to
pay the principal amount of our outstanding Convertible Notes, which
obligations may become immediately due if an Event of Default were to occur and
the trustee or holders of not less than 25% in aggregate principal amount of
outstanding Notes were to declare the full principal amount of all outstanding
Notes to be immediately due and payable. Because we are limited by the Chinese
government&#146;s imposition of currency exchange controls on transfer of funds
outside of China, it may be time-consuming, difficult and/or expensive for us
to transfer funds from China to repay the Notes. As a result, if an Event of
Default on the Notes were to occur, we may not have sufficient cash resources
to repay the Notes and to continue operations without seeking new financing
arrangements. We cannot be certain that additional financing for these purposes
would be available on acceptable terms or at all, and if such financing is not
available, our business could be seriously harmed.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;letter-spacing:-.1pt;">We face risks related to pending
governmental or regulatory inquiries.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">We received notice of a formal
inquiry by the staff of the Securities&nbsp;&amp; Exchange Commission (&#147;SEC&#148;)
into certain aspects of our financial disclosures during prior reporting
periods and certain other issues.&#160; In
addition, in December&nbsp;2005, the U.S. Embassy in Mongolia informed us that
it had forwarded to the Department of Justice (&#147;DOJ&#148;) allegations that an agent
of our Mongolia joint venture had offered payments to a Mongolian government
official in possible violation of the Foreign Corrupt Practices Act (&#147;FCPA&#148;).&#160; We, through our Audit Committee, authorized
an independent investigation into possible violations of the FCPA, and we have
been in contact with the DOJ and SEC regarding this investigation.&#160; The investigation has identified possible
FCPA violations in Mongolia, Southeast Asia, India and China, as well as
possible violations of U.S. immigration laws.&#160;
At this time, we cannot predict when any inquiry will be completed or
what the outcome of any inquiry will be.&#160;
These inquiries could harm relationships with existing customers and our
ability to obtain new customers and partners.&#160;
If the SEC or the DOJ makes a determination that we have violated
federal laws, we may face sanctions including, but not limited to, fines,
disgorgement and an injunction.&#160;
Additionally, such a determination by the SEC or the DOJ could adversely
affect our business, results of operations, financial position and cash flow,
and ultimately our stock price.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">We have also been in
communication with the SEC regarding our voluntary review of our historical
equity award grant practices. Although we have now completed our voluntary
review, it is possible that the SEC may question the findings of our review or
initiate its own review into related matters.</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;letter-spacing:-.1pt;">It is possible that the
findings and outcome of any of these inquiries may affect other lawsuits that
are pending.&#160; These inquiries could
divert management attention and resources, which could harm our business.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The matters relating to the
Governance Committee&#146;s and management&#146;s review of our past stock option
granting practices and the restatement of our consolidated financial statements
may otherwise adversely impact our business.</font></i></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As a result of our delayed filing of our Quarterly Report on Form 10-Q
for the quarters ended September 30, 2006 and March 31, 2007 as well as our
2006 Annual Report on Form 10-K, we will be ineligible to register our securities
on Form S-3 for sale by us or resale by others until one year from the date the
last delinquent filing is made. We may use Form S-1 to raise capital, but doing
so could increase transaction costs and the time required to complete such
transactions.</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;">Employees who were awarded options at a discount
from fair market value and were totally or partially unvested as of
December&nbsp;31, 2004, may be subject to a penalty tax under Internal Revenue
Code Section&nbsp;409A and corresponding state taxes. We are considering
certain actions, which we believe would be in the best interests of our
stockholders and employees, that might substantially reduce or eliminate the
federal and state penalty taxes. However, there is no guarantee that we will be
successful in developing effective measures to address employees&#146; adverse tax
consequences, and any such measures may cause us to incur additional cash or
noncash compensation expense. Furthermore, such measures, or the failure of
such measures, may require us to incur substantial expenses for legal,
accounting, tax and other professional services and may divert management&#146;s
attention from our business, which could in the future harm our business,
financial condition, results of operations and cash flows.</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>

<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="5%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.46%;">
  <p align="right" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:right;"><!-- SET mrlNoTableShading -->(d)</p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.66%;">
  <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:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exhibits</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="5%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.46%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><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:1.66%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <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="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.28%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.66%;">
  <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:92.86%;">
  <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:4.28%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.66%;">
  <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:92.86%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Second Consent Solicitation Statement dated July 19,
  2007 relating to the Company&#146;s </font>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:4.28%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.66%;">
  <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:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter of Consent relating to the Company&#146;s Convertible Subordinated
  Notes due 2008.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt 35.4pt;text-indent:-35.4pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&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;">5</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;">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;text-indent:36.0pt;"><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 style="page-break-inside:avoid;">
  <td width="34%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.14%;">
  <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="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.48%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --><b>UTSTARCOM, INC.</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="34%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.14%;">
  <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="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.48%;">
  <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="34%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.14%;">
  <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="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.38%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.48%;">
  <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="34%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: July 19,
  2007</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.38%;">
  <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:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="39%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:39.56%;">
  <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="34%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.38%;">
  <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:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="39%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:39.56%;">
  <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="34%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:34.14%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.38%;">
  <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:7.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="39%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:39.56%;">
  <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="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;">6</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><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="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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="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="83%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <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:8.0pt;">Exhibit Title</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="13%" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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;">&nbsp;</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:8.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="83%" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="13%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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="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="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <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="13%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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="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="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <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="13%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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="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="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <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 July 19, 2007
  relating to the Company&#146;s </font>Convertible Subordinated Notes due 2008.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="13%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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="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="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <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="13%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.64%;">
  <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="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="83%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:83.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter of Consent relating to the Company&#146;s 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;">7</font></p>
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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="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, July 19,
2007&#151;UTStarcom, Inc. (NASDAQ: UTSI) today announced that it is soliciting
consents from the holders of its convertible subordinated notes due 2008 (CUSIP
Nos. 918076AA8 and 918076AB6) (the &#147;Notes&#148;) to the proposed amendments and
waiver pursuant to the indenture under which the Notes were issued (the &#147;Indenture&#148;).&#160; The waiver would provide that any default or
event of default that may have arisen under the Indenture prior to and
including the date the proposed waiver and the proposed amendments become
effective (the &#147;Effective Date&#148;) as a result of UTStarcom&#146;s failure to timely
file with the Securities and Exchange Commission (the &#147;SEC&#148;), and furnish to
the trustee copies of, certain reports and other information required to be
filed by UTStarcom under the Securities Exchange Act of 1934, as amended, and
to provide the trustee with certificates of its compliance with these filing
and delivery requirements (together, the &#147;Reporting Covenants&#148;) be waived.&#160; The proposed amendments would provide that
any failure by UTStarcom to comply with the Reporting Covenants from and
including the Effective Date to and including the maturity date of the Notes
would not cause a default or event of default under the Indenture.&#160; The proposed amendments would also provide
that, in addition to regularly scheduled payments of interest, the Notes would
accrue Special Interest at a rate of 9.25% per annum (representing an increase
of 2.5% to the current rate of 6.75% per annum) from the Effective Date to the
maturity date of the Notes.&#160; Holders of
the Notes are referred to UTStarcom&#146;s Consent Solicitation Statement dated July
19, 2007 and the accompanying Letter of Consent, which are being mailed to the
holders, for the detailed terms and conditions of the consent solicitation.</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 SEC its Quarterly Report on Form 10-Q for
the quarter ended September 30, 2006, its Annual Report on Form 10-K for the
fiscal year ended December 31, 2006, and its Quarterly Report on Form 10-Q for
the quarter ended March 31, 2007 (together, the &#147;Delayed Filings&#148;).&#160; The trustee under the Indenture has delivered
to UTStarcom a purported notice of default, asserting that the failure by
UTStarcom to timely file the Delayed Filings with the SEC, to provide the
trustee with copies thereof, and to file with the trustee a certificate of
compliance has caused a default under the Indenture, and that if UTStarcom does
not file the Delayed Filings and deliver the certificate of compliance prior to
July 30, 2007, an event of default will occur.&#160;
UTStarcom does not believe it is currently in default under the
Indenture.&#160; However, to avoid the expense
and uncertainty of litigation, UTStarcom has determined to solicit consents to
the proposed amendments and waiver pursuant to the Indenture.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The record date for
determining the holders who are entitled to consent is July 18, 2007.&#160; The consent solicitation will expire at 5:00
p.m., New York City time, on Thursday, July 26, 2007, unless extended or
earlier terminated (the &#147;Consent Date&#148;).&#160;
The proposed amendments and waiver require for effectiveness (i) receipt
of valid consents prior to the Consent Date from the holders of a majority in
aggregate principal amount of the Notes outstanding and not owned by UTStarcom
or an affiliate of UTStarcom to the proposed amendments and waiver, which have
not been properly revoked and have been accepted by UTStarcom, (ii) receipt by the
trustee of an officers&#146; certificate of UTStarcom that the conditions in (i)
above have been satisfied, and (iii) due execution and delivery of a second
supplemental indenture, implementing the proposed amendments.&#160; The Effective Date could occur prior to the
Consent Date.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom has retained
Global Bondholder Services Corporation to serve as Information Agent and
Tabulation Agent for the consent solicitation.&#160;
Requests for documents should be directed to Global Bondholder Services
at (866) 937-2200 or (212) 430-3774.&#160; UTStarcom
has also retained Citi as solicitation agent for the consent solicitation.&#160; Questions concerning the terms of the consent
solicitation should be directed to Citi at (800) 558-3745 or (212) 723-6106.</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;">This announcement is not
an offer to purchase or sell, a solicitation of an offer to purchase or sell,
or a solicitation of consents with respect to any securities.&#160; The solicitation is being made solely pursuant
to UTStarcom&#146;s Consent Solicitation Statement dated July 19, 2007 and the
accompanying Letter of Consent.&#160;
Notwithstanding UTStarcom&#146;s intention to seek waivers, no assurance can
be given that an event of default under the Indenture will not occur in the
future.</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;">About
UTStarcom, Inc.</font></b></p>

<p style="background:white;margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom designs,
manufactures and sells telecommunications infrastructure, handsets and customer
premise equipment and provides services associated with their installation,
operation, and maintenance.&#160; Its products
are sold primarily to telecommunications service providers or operators.&#160; UTStarcom sells an extensive range of
products that are designed to enable voice, data and video services for its
operator customers and consumers around the world.&#160; While historically the vast majority of its
sales have been to service providers in China, it has expanded its focus to
build a global presence and currently sells its 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="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For more information
about UTStarcom, visit UTStarcom&#146;s website at www.utstar.com.</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;">Forward-Looking
Statements</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;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.
Potential risks and uncertainties include, among other things: (1) the results
and timing of completion of internal reviews undertaken by UTStarcom; (2) 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; (3) the review and filing by
UTStarcom of the Delayed Filings; (4) the possibility that an event of default
under the Indenture could occur and that the trustee under the Indenture or the
holders of 25% of the outstanding aggregate principal amount of the Notes could
declare a default or accelerate the maturity of the Notes; (5) the possibility
that the NASDAQ Listing and Hearings Review Counsel may not grant UTStarcom&#146;s
requests for additional time to comply with its filing obligations under Nasdaq
Marketplace Rule 4310(c)(14), in which case UTStarcom&#146;s common stock would be
delisted from The NASDAQ Stock Market; (6) any adverse results of lawsuits or
governmental inquiries; and (7) additional risks and uncertainties and
important factors described in UTStarcom&#146;s filings with the SEC, including its
most recent annual report on Form 10-K, its quarterly report on Form 10-Q and
its current report on Form 8-K filed July 19, 2007.&#160; As previously disclosed, UTStarcom currently
estimates that, as a result of the review by UTStarcom&#146;s special committee of
UTStarcom&#146;s past stock-based compensation practices and the related potential
accounting impact, a restatement of prior financial statements will be required
resulting in additional non-cash compensation and related charges of
approximately $35 million. Although UTStarcom believes the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions, no assurance can be given that its expectations will be attained
or that results will not materially differ. UTStarcom undertakes no obligation
to publicly</font> 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.</p>

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

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

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Manager of
Investor Relations<br>
UTStarcom, Inc.<br>
(510) 749-1560<br>
chesha.kamieniecki@utstar.com</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;">###</font></p>



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<SEQUENCE>3
<FILENAME>a07-19754_1ex99d2.htm
<DESCRIPTION>EX-99.2
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<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;">Second Solicitation of Consents Relating to Proposed Amendments
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="bottom" 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="bottom" 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="bottom" 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="bottom" 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="bottom" 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</font></p>
  </td>
  <td width="0%" valign="bottom" 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 style="page-break-inside:avoid;">
  <td width="52%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:52.4%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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>
  <td width="21%" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:21.24%;">
  <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="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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>
  <td width="21%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:21.24%;">
  <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;">918076AB6</font></p>
  </td>
  <td width="0%" valign="bottom" 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 .0001pt;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
July 26, 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;).&#160; The Proposed Amendments and
Waiver require for effectiveness (i) receipt of the Requisite Consents, which
are not properly revoked and are accepted by UTStarcom prior to the Consent
Date, (ii) receipt by the Trustee of an officers&#146; certificate of UTStarcom
certifying that the conditions set forth in (i) have been satisfied, and (iii)
due execution and delivery by UTStarcom and the Trustee of the Second
Supplemental Indenture, which implements the Proposed Amendments.&#160; The time and date the Proposed Amendments and
Waiver become effective (the &#147;Effective Date&#148;), could occur prior to the
Consent Date.&#160; Consents may not be
revoked after the Effective Date unless UTStarcom is required by applicable law
to permit such revocation.&#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;">&nbsp;</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;">Subject
to the terms and conditions set forth in this Consent Solicitation Statement
Relating to Proposed Amendments and Waiver under the Indenture (as defined
below) and the related Letter of Consent (as each may be amended or
supplemented from time to time, referred to herein as the &#147;Consent Solicitation
Statement&#148; and the &#147;Letter of Consent,&#148; respectively), UTStarcom, Inc., a
Delaware corporation (&#147;UTStarcom&#148;), is hereby soliciting consents (such solicitation
referred to herein as the &#147;Consent Solicitation&#148;) of Holders as of the Record
Date (each 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, dated as of March 12, 2003, (the &#147;Original Indenture&#148;), by
and between UTStarcom, as issuer, and U.S. Bank National Association, as
trustee (the &#147;Trustee&#148;), as amended by the First Supplemental Indenture, dated
as of January 9, 2007, by and between UTStarcom and the Trustee (the &#147;First
Supplemental Indenture,&#148; and the Original Indenture, as amended by the First
Supplemental Indenture, the &#147;Indenture&#148;), to the Proposed Amendments and
Waiver, 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;"><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 this Consent Solicitation is to obtain the consents required by
the Indenture to implement certain amendments to the Indenture (the &#147;Proposed
Amendments&#148;), and to obtain a waiver thereunder (the &#147;Proposed Waiver,&#148; and
together with the Proposed Amendments, 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;"><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 under the Indenture to and
including the Effective Date due to (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 as are required 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 (the
requirements in the Indenture relating to matters referred to in (a), (b) and
(c) above, the &#147;Reporting Covenants&#148;) be waived.</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;">The
Proposed Amendments will provide that during the period from and including the
Effective Date to and including the Final Maturity Date of the Notes, as
defined in the Original Indenture (the &#147;Expiration Date&#148;), any failure by
UTStarcom to comply with the Reporting Covenants will not cause a default under
the Indenture.&#160; The Proposed Amendments
will also provide that the Special Interest pursuant to Section 6.1 of the
Indenture, as amended by Section 2(b)(iv) of the First Supplemental Indenture
(the &#147;Special Interest&#148;), shall accrue with respect to all outstanding Notes at
a rate of 9.25% per annum (representing an increase of 2.5% over the current
rate of 6.75% per annum) during the period from and including the Effective
Date to the Expiration Date.&#160; The
Proposed Amendments will be implemented by a second supplemental indenture to
the Indenture, by and between UTStarcom and the Trustee (the &#147;Second
Supplemental Indenture&#148;).&#160; For a more
detailed description of the Proposed Amendments and Waiver, see &#147;The Proposed Amendments
and Waiver&#148; below.</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;">The
Proposed Amendments and Waiver are being presented as one proposal.&#160; Accordingly, a Letter of Consent purporting
to consent to only the Proposed Amendments or only the Proposed Waiver will not
be valid, and the delivery of a Letter of Consent by a Holder will constitute a
consent 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;"><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 July 18, 2007, 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:6.0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">UTStarcom </font>reserves the
right to amend or supplement the Consent Solicitation or extend the Consent
Date in its sole discretion, as further described herein.</font></p>

<p style="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;">UTStarcom advises all Holders to
review the section entitled &#147;Certain U.S. Federal Income Tax Considerations,&#148;
which contains important considerations concerning the U.S. federal income tax
consequences of the Consent Solicitation.</font></b></p>

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

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:none;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July 19, 2007</font></p>



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

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<div>


<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A transfer of Notes after
the Record Date will not have the effect of revoking any consent 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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Amendments
and Waiver require for effectiveness (i) receipt of valid consents from the
Holders 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 Waiver (such
consents, the &#147;Requisite Consents&#148;) prior to the Consent Date, which are not
properly revoked prior to the Effective Date and are accepted by UTStarcom,
(ii) receipt by the Trustee of an officers&#146; certificate of UTStarcom certifying
that the conditions set forth in (i) have been satisfied, and (iii) due
execution and delivery of the Second Supplemental Indenture by UTStarcom and
the Trustee, in accordance with Section 11.2 of the Indenture.&#160;
The Effective Date could occur prior to the Consent Date.&#160; The aggregate principal amount of the
Outstanding Notes is set forth in the cover page of this Consent Solicitation Statement
under &#147;Principal Amount Outstanding.&#148;&#160;
Holders delivering (and not properly revoking) a consent (each a &#147;Consenting
Holder,&#148; and collectively, the &#147;Consenting Holders&#148;) agree that the officers&#146;
certificate of UTStarcom to the Trustee certifying receipt of the Requisite
Consents prior to the Consent Date shall constitute notice of waiver from each
Consenting Holder to the Trustee in accordance with Section 8.4 of the
Indenture.&#160; UTStarcom will make a public
announcement of the Effective Date on the next business day after the Effective
Date.&#160; Even if Holders deliver the
Requisite Consents prior to the Consent Date, Special Interest will accrue with
respect to all outstanding Notes at the increased rate only if UTStarcom accepts
the Requisite Consents and the Proposed Amendments and Waiver become effective.</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 expressly
reserves the right, in its discretion and regardless of whether any of the
conditions described under &#147;The Consent Solicitation&#151;Conditions to Acceptance
of Consents&#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 acceptance of consents,
(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 Solicitation, or (vi) modify the form or amount of the consideration to
be offered pursuant to the Consent Solicitation; provided, however, that 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 Date for a
period it deems in good faith adequate to permit Holders to deliver or revoke
their consents.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i</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;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;"><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;"><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 set forth in the
position listing of DTC as of the Record Date (&#147;Participants&#148;) 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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders desiring to
consent must deliver, prior to the Consent Date (and not 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 accompanying Letter of Consent in accordance
with the instructions set forth herein</font> and therein.&#160; Letters of Consent 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;"><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 or
any 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 or the Tabulation Agent.&#160;
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;"><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;"><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.&#160; 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.&#160;
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 authorized by
UTStarcom or its agent 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;"><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;"><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.&#160; 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;"><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
other documents delivered herewith.</font></b></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii</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;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;width:100.0%;">
 <tr>
  <td width="91%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="7%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUMMARY TERM SHEET</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">1</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Likely Restatement
  of Prior Period Financial Statements</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effectiveness of
  the Proposed Amendments and Waiver</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">8</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Conditions to
  Acceptance of Consents</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">11</font></p>
  </td>
 </tr>
 <tr>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fees and
  Expenses</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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 U.S. Holders</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;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 Non U.S. Holders</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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>
  <td width="91%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.14%;">
  <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="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.7%;">
  <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="top" style="padding:0pt .7pt 0pt 0pt;width:7.16%;">
  <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;">20</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="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='iii',FILE='C:\Fc\199153957276_P66505CHE_2258802\19754-1-mm-04.htm',USER='jmsproofassembler',CD='Jul 18 15:40 2007' -->



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


<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="100%" colspan="2" 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;text-autospace:ideograph-numeric ideograph-other;"><!-- SET mrlNoTableShading --><b>SUMMARY TERM SHEET</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin: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;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:35.4pt;"><!-- SET mrlNoTableShading -->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 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.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;text-indent:35.4pt;"><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="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom is soliciting consents from Holders to the
  Proposed Amendments and Waiver. The Proposed Amendments and Waiver require
  for effectiveness (i) receipt of the Requisite Consents prior to the Consent
  Date, which are not properly revoked and are accepted by UTStarcom, (ii)
  receipt by the Trustee of an officers&#146; certificate of UTStarcom certifying
  that the conditions set forth in (i) have been satisfied, and (iii) due
  execution and delivery of the Second Supplemental Indenture by UTStarcom and
  the Trustee.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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 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 under the Indenture prior to the
  Effective Date due to any failure by UTStarcom to comply with the Reporting
  Covenants. 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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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 would provide that during
  the period from and including 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. The Proposed
  Amendments would also provide that during the period from and including the
  Effective Date to the Expiration Date, Special Interest would accrue with
  respect to all outstanding Notes at a rate of 9.25% per annum (representing
  an increase of 2.5% over the current rate of 6.75% per annum). For a more
  detailed description of the Proposed Amendments, see &#147;Background of the
  Consent Solicitation&#148; and &#147;The Proposed Amendments&#148; below.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is the Effective Date?</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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 &#147;Effective Date&#148; means the time and date that
  the Proposed Amendments and Waiver become effective.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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 &#147;Expiration Date&#148; means the Final Maturity Date
  of the Notes, as defined in the Original Indenture.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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 will expire on July 26,
  2007, at 5:00 p.m., New York City time, unless it is further extended or
  earlier terminated (such time and date, as the same may be extended or
  earlier terminated, the &#147;Consent Date&#148;).</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="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&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> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\199194815859_D11848_2260359\19754-1-mm-05.htm',USER='jmsproofassembler',CD='Jul 18 19:48 2007' -->
<br clear="all" style="page-break-before:always;">



<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;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">When will the Proposed Amendments and </font></b><!-- SET mrlNoTableShading --><b>Waiver become effective if the Requisite Consents are received prior
  to the Consent Date?</b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  <br>
  If the Requisite Consents are received (and not properly revoked) prior to
  the Consent Date, the Proposed Amendments and Waiver will become effective
  upon (i)&nbsp;receipt by the Trustee of an officers&#146; certificate from
  UTStarcom certifying that the
  Requisite Consents have been received (and not properly revoked) and have
  been accepted by UTStarcom, and (ii) due execution and delivery of the
  Second Supplemental Indenture by UTStarcom and the Trustee.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What are the conditions to acceptance of
  consents?</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom may, in its sole discretion and at any
  time for any reason, not accept the Requisite Consents, if delivered, or
  terminate the Consent Solicitation.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is the Special Interest?</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the terms of Section 6.1 the Indenture,
  as amended by Section 2(b)(iv) of the First Supplemental Indenture, Special
  Interest accrues on the Notes at a rate of 6.75% per annum, from and
  including the date of the First Supplemental Indenture to maturity of the
  Notes, unless the Notes are earlier repurchased or converted. Special
  Interest is payable semi-annually in addition to and at the same time and in
  the same manner as regularly scheduled payments of interest to Holders
  entitled to receive such regularly scheduled payments of interest. If the
  Proposed Amendments are implemented, Special Interest would accrue with
  respect to all outstanding Notes at a rate of 9.25% per annum (representing
  an increase of 2.5% over the current rate of 6.75% per annum) from and
  including the Effective Date to the Expiration Date.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Can the Consent Date be extended, and under what
  circumstances?</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  Yes. UTStarcom expressly reserves the right to extend the Consent Date at any
  time and for any reason. Any extension of the Consent Date by UTStarcom will
  be followed by public announcement thereof by UTStarcom as promptly as
  practicable after such extension. Without limiting the manner in which
  UTStarcom may choose to make such announcement, UTStarcom will not, unless
  otherwise required by applicable 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 UTStarcom
  deems appropriate.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  Yes. UTStarcom expressly reserves the right, subject to applicable law, to
  terminate or withdraw the Consent Solicitation prior to the Consent Date, or
  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 Date for a period it deems in good faith to be adequate to permit
  the Holders to deliver or revoke their consents.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders having delivered consents may revoke such
  consents at any time prior to the Effective Date in accordance with the
  procedures described herein and in the Letter of Consent.</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="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</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;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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 Notes to which it relates, (iii) either be signed in the same
  manner as the 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. Holders may not
  revoke consents that have been accepted by UTStarcom after the Effective Date
  unless UTStarcom is required by applicable law to permit such revocation. All
  revocations of consents must be sent to the Tabulation Agent at its address
  set forth in the Letter of Consent.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Are there U.S. federal income tax implications
  of the Proposed Amendments and Waiver?</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  The adoption of the Proposed Amendments and Waiver will be treated as a
  deemed exchange for U.S. federal income tax purposes with respect to the
  Notes. 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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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; below.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  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. Holders may
  also contact their broker-dealer, commercial bank, trust company or other
  nominee for assistance concerning the Consent Solicitation.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <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>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.58%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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="55%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:55.42%;">
  <p style="margin:0pt 0pt .0001pt;text-autospace:ideograph-numeric ideograph-other;"><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. Its address and telephone numbers are set
  forth on the back cover of this Consent Solicitation Statement. Requests for
  assistance in completing and delivering Letters of Consent or requests for
  additional copies of the Consent Solicitation Statement or the Letter of
  Consent should be directed to the Tabulation Agent. 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="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:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;">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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom designs,
manufactures and sells telecommunications infrastructure, handsets and customer
premise equipment and provides services associated with their installation,
operation, and maintenance.&#160; Its products
are sold primarily to telecommunications service providers or operators.&#160; UTStarcom sells an extensive range of
products that are designed to enable voice, data and video services for its
operator customers and consumers around the world.&#160; While historically the vast majority of its
sales have been to service providers in China, it has expanded its focus to
build a global presence and currently sells its 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: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;"><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;) with the assistance of
independent legal counsel and forensic accountants.&#160; As previously announced in a press release
issued by UTStarcom on February 1, 2007 and disclosed in UTStarcom&#146;s current
report on Form 8-K filed with the SEC on February 2, 2007, the Governance
Committee review found that in certain instances, all actions that establish a
measurement date under the requirements of Accounting Principles Board No. 25,
Accounting for Stock Issued to Employees, had not occurred at the grant date,
which had been used as the measurement date in accounting for UTStarcom&#146;s stock
option grants and that a later date, when all such actions had taken place,
should have been used as the measurement date for these stock options.&#160; The Audit Committee of the Board of Directors
of UTStarcom then determined, in consultation with and upon the recommendation
of UTStarcom&#146;s management, that the effect of using incorrect measurement dates
would require UTStarcom to record material additional stock-based compensation
charges in its previously issued financial statements.&#160; UTStarcom therefore announced that its previously
issued financial statements for the years 2000 through 2006, including interim
periods within these fiscal years, should no longer be relied upon.&#160; In a current report on Form 8-K dated May 10,
2007 and filed with the SEC on May 16, 2007, UTStarcom announced that it
believes the estimated non-cash compensation and related charges would amount
to approximately $35 million (revising the previously announced initial
estimate of $50 million).</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;">This information is
preliminary and is subject to changes that might result from completion of the Committee&#146;s
investigation, management&#146;s review of the findings of the Committee, and audit
by its independent registered public accounting firm.</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;">In connection with the
Committee&#146;s review, UTStarcom notified the SEC (i) of its inability to timely
file the quarterly report on Form 10-Q for the quarter ended
September&nbsp;30,&nbsp;2006 (the &#147;2006 Q3 Form 10-Q&#148;); (ii) on March 2, 2007,
of its inability to timely file its annual report on Form 10-K for the fiscal
year ended December 31, 2006 (the &#147;2006 Form 10-K&#148;); and (iii) on May 10, 2007,
of its inability to timely file the quarterly report on Form 10-Q for the
quarter ended March 31, 2007 (the &#147;2007 Q1 Form 10-Q,&#148; and together with the
2006 Q3 Form&nbsp;10-Q and the 2006 Form 10-K, the &#147;Delayed Filings&#148;), in each
case 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:35.4pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Until
the Delayed Filings are 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 the Reporting Covenants becomes an Event of Default (as described
in the Indenture) (i) if the Trustee notifies UTStarcom of the default or 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 (ii)
UTStarcom does not cure the default within 60 days after receipt of such
notice.</font></p>

<p style="margin-left:0pt;margin-right:0pt;text-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Consent Solicitation of UTStarcom,
dated December 22, 2006, with respect to the Notes, as amended and restated by
the Supplemental Consent Solicitation, dated January 8, 2007 (the &#147;Original
Consent Solicitation&#148;), UTStarcom obtained the consents required pursuant to
the Original Indenture from the holders of the Notes as of </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin-left:0pt;margin-right:0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December 21,
2006 to certain amendments to (the &#147;Original Amendments&#148;) and a waiver (the &#147;Original
Waiver&#148;) under the Original Indenture (the &#147;Original Amendments and Waiver&#148;).&#160; Pursuant to the Original Waiver, any and all
defaults and Events of Default, and the consequences thereof, that may have
occurred prior to January 9, 2007, were waived.&#160;
Pursuant to the First Supplemental Indenture, which implemented the
Original Amendments, (a) any failure by UTStarcom to comply with the Reporting
Covenants during the period beginning January 9, 2007 to and including 5:30 p.m.
May 31, 2007 (the &#147;Original Expiration Date&#148;) did not constitute a default
under the Indenture and (b) if as of the Original Expiration Date, UTStarcom
was not in compliance with the Reporting Covenants, any default under the
Indenture arising from such noncompliance that was deemed to have occurred and
remain uncured as of the Original Expiration Date, was deemed to have occurred
as of the Original Expiration Date.</font></p>

<p style="margin-left:0pt;margin-right:0pt;text-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May 31, 2007, UTStarcom received a purported notice
of default (the &#147;Notice of Default&#148;) with respect to the Notes from the Trustee
alleging that UTStarcom had not complied with the Reporting Covenants and that
such noncompliance had caused a default under the Indenture, which default
would become an Event of Default within 60 days of the Notice of Default, and
demanding that UTStarcom cure such default.&#160;
UTStarcom does not believe it is currently in default under the
Indenture, but desires to avoid the expense and uncertainty of litigation.</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;">Accordingly,
subject to the terms and conditions of the Consent Solicitation as set forth in
this Consent Solicitation Statement and the Letter of Consent, UTStarcom is
requesting the Proposed Amendments and Waiver in consideration of the increase
to the rate at which Special Interest accrues on the Notes from and including
the Effective Date to the Expiration Date.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</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;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTAIN CONSIDERATIONS</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><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 the matters discussed below, in
addition to the information set forth above under &#147;Background of the Consent
Solicitation,&#148; the Risk Factors set forth in its Annual Report on Form 10-K for
the year ended December 31, 2005, in its Quarterly Reports on Form 10-Q that
have been filed in 2006, in its Current Report on Form&nbsp;8-K filed July&nbsp;19,
2007 and the information set forth in the filings referred to in the section under
&#147;Where You Can Find More Information&#148; below, which are incorporated by
reference in this Consent Solicitation Statement and in the Letter of Consent:</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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Requisite
Consents are received (and not properly revoked) prior to the Consent Date and
are accepted by UTStarcom, UTStarcom delivers to the Trustee an officers&#146;
certificate certifying that Requisite Consents to the Proposed Amendments and
Waiver have been received (and not properly revoked) and have been accepted by
UTStarcom, and the Second Supplemental Indenture is duly executed and delivered
by UTStarcom and the Trustee, the Proposed Waiver and the Second Supplemental
Indenture </font>will be binding on all Holders and their
transferees, regardless of whether such Holders consented to the Proposed
Amendments and Waiver.&#160; Pursuant to the
Proposed Waiver, any and all defaults or Events of Default, and the
consequences thereof, that may have occurred under the Indenture to and
including the Effective Date due to any failure by UTStarcom to comply with the
Reporting Covenants would be waived, and, pursuant to the Proposed Amendments,
any failure by UTStarcom to comply with the Reporting Covenants during the
period from and including the Effective Date to and including the Expiration
Date, would not cause a default under the Indenture.&#160; As a result, neither the Trustee nor the 25%
Holders could declare a default or accelerate the maturity of the Notes as a
result of any failure by UTStarcom to comply with the Reporting Covenants.&#160; The Proposed Waiver and the execution and
delivery of the Second Supplemental Indenture could adversely affect the market
price of the Notes or otherwise be adverse to the interests of the Holders.</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="font-family:Times New Roman;font-size:10.0pt;margin-left:0pt;margin-right:0pt;text-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Proposed Amendments and Waiver do not become
effective and UTStarcom fails to comply with the Reporting Covenants and a
default has occurred under the Indenture, the Trustee or the 25% Holders could
attempt to declare all related unpaid principal and premium, if any, and
accrued interest and Special 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 maturity of the Notes is accelerated,
the maturity of any future outstanding debt also may be accelerated.&#160; </font>UTStarcom does not currently have
sufficient cash reserves outside of China to pay the principal amount of the
Notes.&#160; Because UTStarcom is limited by
the Chinese government&#146;s imposition of currency exchange controls on transfer
of funds outside of China, it may be time-consuming, difficult and/or expensive
for UTStarcom to transfer funds from China, and funds that UTStarcom is able to
transfer may be insufficient to repay the Notes.&#160; As a result, if an Event of Default on the
Notes were to occur, UTStarcom may not have sufficient cash resources to repay
the Notes and to continue operations without seeking new financing
arrangements.&#160; UTStarcom cannot be
certain that additional financing for these purposes would be available on
acceptable terms or at all, and if such financing is not available, UTStarcom&#146;s
business could be seriously harmed.</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;">Likely
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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A restatement of its
prior period financial statements which UTStarcom is likely to conclude is
necessary upon the final result of the Committee&#146;s review of its past equity
award grant practice may cause it to become subject to regulatory action or
civil litigation, which could require UTStarcom to pay fines or other
penalties, settlements or damages and could have an adverse effect on its
business, results of operations, financial condition and liquidity.&#160; As described in greater detail above under &#147;Background
of the Consent Solicitation &#151;<b>  </b>Nominating
and Corporate Governance<b>  </b>Committee
Review and Potential Restatements,&#148; based on preliminary information, UTStarcom
believes that estimated non-cash compensation and related charges in an amount
of approximately $35 million will be required.&#160;
UTStarcom could also become subject to ratings downgrades and negative
publicity as a result of the restatements or the matters giving rise to the
restatements.</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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described above,
UTStarcom has not yet filed the Delayed Filings or related financial
statements, pending the conclusion of the Committee&#146;s review and the review of
its independent public accounts.&#160; Until
such information is filed,</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">there will be limited
public information available concerning UTStarcom&#146;s results of operations and
financial condition.&#160; In addition, upon
conclusion of the Committee&#146;s review, any of 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, are likely to be determined unreliable and required to be
restated.&#160; 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 the 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 May 22, 2007, UTStarcom received a notice
from the staff of the Nasdaq Stock Market (&#147;Nasdaq&#148;) indicating that UTStarcom
is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because it has
not timely filed with the SEC its 2007 Q1 Form 10-Q.</font></p>

<p style="margin:5.0pt 0pt 12.0pt;text-autospace:none;text-indent:35.4pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
previously disclosed, Nasdaq initially informed UTStarcom on November 15, 2006
that its securities would be delisted for failure to timely file the Q3 2006
Form 10-Q, and again on March 13, 2007 for failure to timely file the 2006 Form
10-K.&#160; UTStarcom subsequently requested
and was granted conditional extensions from the Nasdaq Listing Qualifications
Panel (the &#147;Panel&#148;) for continued listing on Nasdaq until May 14, 2007 for
UTStarcom to file its Q3 2006 Form 10-Q and until July 16, 2007 for UTStarcom
to file its 2006 Form 10-K.&#160; However, on
May 2, 2007, UTStarcom requested that the Nasdaq Listing and Hearings Review
Council (the &#147;Listing Council&#148;) review the Panel&#146;s decision and grant UTStarcom
additional time to comply with its filing obligations.&#160; On May 14, 2007, the Listing Council called
UTStarcom&#146;s matter for review.&#160; The
Listing Council requested that UTStarcom provide an update on its efforts to
file its delinquent filings, and UTStarcom has complied with this request.&#160; In addition, the Listing Council stayed the
Panel&#146;s decision that required UTStarcom to file its Q3 2006 Form 10-Q by May
14, 2007, and to file its 2006 Form 10-K by July 16, 2007, pending further
action by the Listing Council.&#160; UTStarcom
expects that its securities will remain listed during the Listing Council&#146;s
review, which is ongoing, until the Listing Council makes a final
determination.&#160; However, there can be no
assurance that the Listing Council will grant UTStarcom&#146;s request for
additional time to comply with its filing obligations.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;">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
Waiver</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;">If the Proposed Waiver
becomes effective, any and all defaults and Events of Default, and the
consequences thereof, under the Indenture that may have occurred during the
period to and including the Effective Date due to any failure by UTStarcom to
comply with the Reporting Covenants, will be waived.&#160; Consequently, neither the Trustee nor the 25%
Holders would be able to declare a default or accelerate the maturity of the
Notes due to any failure by UTStarcom to comply with the Reporting
Covenants.&#160; By delivering consents,
Consenting Holders agree that an officers&#146; certificate of UTStarcom certifying
that the Requisite Consents have been received (and not properly revoked) and
have been accepted by UTStarcom, and delivered to the Trustee, shall constitute
notice of waiver from the Holders to the Trustee in accordance with Section 8.4
of the Indenture.</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;">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;"><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;">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 Outstanding Notes approving the substance of
the proposed supplement.&#160; UTStarcom is
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.&#160;
This summary does not purport to be complete and is qualified in its
entirety by reference to the Second Supplemental Indenture.&#160; 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>:&#160; The
defined terms &#147;Covenant Reversion Date&#148; and &#147;Solicitation Documents&#148; and the
accompanying definition set forth in Section 1.1 of the Indenture (as amended
by Section 2(b)(i)(1) of the First Supplemental Indenture) would be deleted.</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>:&#160; The last
two sentences of the penultimate paragraph of Section 8.1 of the
Indenture (as amended by Section 2(b)(3) of the First Supplemental Indenture),
beginning with &#147;Notwithstanding the foregoing&#148; and ending with &#147;occurred on the
Conversion Date.&#148; shall be deleted and replaced by the following sentence:&#160; &#147;Notwithstanding any of the foregoing, any
failure by 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, during the period from and including the date of this Second
Supplemental Indenture to and including the Final Maturity Date of the
Securities, shall not constitute a default or Event of Default under the
Indenture, under clause (3) above or otherwise.&#148;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt;text-autospace:ideograph-numeric;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Special
Interest</font></u>: </b>The last paragraph at the end of Section 6.1 of
the Indenture (which paragraph was added by Section 2(b)(4) of the First
Supplemental Indenture), shall be amended and restated as follows:</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric;text-indent:35.4pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;In addition to any other payment required by the Securities and the
Indenture, the Securities shall accrue special interest (&#147;Special Interest&#148;) at
a rate equal to (i) 6.75% per annum (payable semi-annually) from and after the
date of the First Supplemental Indenture to the date of this Second
Supplemental Indenture, and (ii) 9.25% per annum (payable semi-annually) from
and after the date of this Second Supplemental Indenture to the Final Maturity
Date of the Securities.&#160; Special Interest
will be paid by UTStarcom in addition to, at the same time and in the same
manner as regularly scheduled payments of interest pursuant to the Indenture
and the Securities to Holders entitled to receive such regularly scheduled
payments of interest.&#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;">Effectiveness
of the Proposed Amendments and Waiver</font></b></p>

<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;">The Proposed Amendments and Waiver require for
effectiveness (i) receipt of the Requisite Consents prior to the Consent Date,
which are not properly revoked and are accepted by UTStarcom, (ii) receipt by
the Trustee of an officers&#146; certificate of UTStarcom certifying that the
conditions set forth in (i) have been satisfied, and (iii) due execution and
delivery of the </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Second Supplemental Indenture by UTStarcom and the
Trustee.&#160; </font>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="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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The &#147;Expiration Date&#148;
means the Final Maturity Date of the Notes, as defined in the Original
Indenture.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>


<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;">THE
CONSENT SOLICITATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Proposed Amendments
and Waiver require for effectiveness (i) receipt of the Requisite Consents
prior to the Consent Date, which are not properly revoked and have been
accepted by UTStarcom, (ii) receipt by the Trustee of an officers&#146; certificate
of UTStarcom certifying that the conditions set forth in (i) have been
satisfied, and (iii) due execution and delivery by UTStarcom and the Trustee of
the Second Supplemental Indenture in accordance with Section 11.2 of the
Indenture.&#160; The Consenting Holders agree that such
officers&#146; 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; 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 not be deemed
outstanding.</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;">If the Proposed
Amendments and Waiver become effective, UTStarcom will announce such
effectiveness on the next business day following the Effective Date, and the
Proposed Waiver and the Second Supplemental Indenture will be binding on all
Holders and their tranferees, regardless of whether any such Holder or
transferee 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;"><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;"><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;">Record
Date</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;">The Record Date for the
determination of Holders eligible to consent pursuant to the Consent
Solicitation is 5:00&nbsp;p.m., New York City time, on July 18, 2007.&#160; This Consent Solicitation Statement and the
accompanying Letter of Consent are being sent to all Holders.&#160; 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.&#160; 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
properly 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 Acceptance of Consents</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;">UTStarcom may, at any
time prior to the Effective Date and for any reason, elect not to accept the
Requisite Consents, even if delivered prior to the Consent Date and not
properly revoked, or terminate 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
Date; Extensions; Amendment</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;">The Consent Date is 5:00
p.m., New York City time, on July 26, 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, and 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 as promptly as practicable.&#160; Without limiting the manner in which
UTStarcom may choose to make such announcement, UTStarcom will not, unless
otherwise required by applicable 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 </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">means of announcement as
UTStarcom deems appropriate.&#160; UTStarcom
may extend the Consent Solicitation on a daily basis or for such specified period
of time as it determines any time to and including the business day following
the previously scheduled Consent Date.&#160;
Failure by any Holder or beneficial owner of Notes to be so notified
will not affect the extension of the Consent Date.</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;">Notwithstanding anything
to the contrary set forth in this Consent Solicitation Statement, UTStarcom
expressly reserves the right, 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 acceptance of consents;
(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 Solicitation; or (vi) modify the form or amount of the consideration to
be offered pursuant to the Consent Solicitation; provided, however, that 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 Date for a
period it deems in good faith adequate to permit the Holders to deliver or
revoke their consents.&#160; Even if a Holder
has validly delivered (and not properly revoked) consents, such consents may
not be accepted by UTStarcom if all of the other conditions to acceptance of
consents have not been satisfied or waived, if the Consent Solicitation is terminated
or withdrawn for any reason, or if the Second Supplemental Indenture or the
Proposed Waiver do not 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;">Procedures
for Consenting</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;">All Letters of Consent
that are properly executed and received by the Tabulation Agent prior to the
Consent Date and not properly revoked will be given effect in accordance with
the specifications herein and in such Letters of Consent.&#160; Consenting Holders may revoke such consents
at any time prior to the Effective Date in accordance with the procedures
described herein.</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;">Holders who desire to
deliver their consents 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.&#160; Signatures must be guaranteed in accordance
with the instructions in the Letter of Consent, except as otherwise indicated
in such instructions.&#160; 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;"><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;"><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.&#160; 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.&#160;
If the Notes are held of record by two or more joint Holders, all such
Holders must sign the Letter of Consent.&#160;
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.&#160; If the Notes are
registered in different names, separate Letters of Consent must be executed
covering each form of registration.&#160; 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.&#160; 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;"><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.&#160;
Otherwise, the consent will be deemed to relate to all such Notes.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;">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.&#160;
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;"><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;"><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 good
faith determinations will be binding.&#160; 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.&#160;
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.&#160; 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.&#160; 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.&#160; UTStarcom&#146;s
interpretation of the terms and conditions of the Consent Solicitation
(including the Consent Solicitation Statement and the accompanying Letter of
Consent, and the instructions to each) 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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consenting Holders may revoke
previously delivered consents at any time prior to the Effective Date, which
may occur prior to the Consent Date, in accordance with the procedures
described herein.&#160; Consenting Holders may
not revoke previously delivered consents after the Effective Date unless
UTStarcom is required by applicable law to permit such revocation.</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;">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)&nbsp;be received by the Tabulation Agent in
accordance with the instructions contained herein and in the accompanying
Letter of Consent prior to the Effective Date.&#160;
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 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All properly completed
and executed Letters of Consent will be counted, notwithstanding any transfer
of any Notes to which such Letters of Consent relate, unless UTStarcom receives
at any time prior to the Effective Date 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.</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;">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 previously delivered consent to the Proposed Amendments and Waiver with
respect to such Notes.</font></p>


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

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<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;"><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.&#160; 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.&#160; 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;"><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.&#160; 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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Request for assistance in
completing and delivering Letters of Consent 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;"><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 the 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;"><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.&#160; 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="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;"><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, and the Proposed Amendments and Waiver.&#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, or the Proposed Amendments and Waiver.</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;">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 former citizens or residents of
the United States.</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;">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 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;"><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;"><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;"><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-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;"><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="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</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 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>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;"><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;"><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;"><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, other than
certain specified modifications, 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 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 of 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;"><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 adoption of the Proposed
Amendments providing for the payment of Special Interest will result in a
significant modification of the Notes under the Reissuance Regulations because
of the amount of the increased yield, 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 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 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 nine months.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><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;"><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 would be those described below
under &#147;Deemed Exchange Does Not Qualify as Tax-Free Recapitalization.&#148;&#160; 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;"><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 income, gain or loss will
be recognized by a U.S. Holder (except to the extent that the New Notes
received are attributable to accrued but unpaid interest on the Old Notes,
which amount will 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 equal to the Holder&#146;s tax
basis in the Old Notes deemed exchanged therefor immediately prior to the
deemed </font></p>


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

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<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">exchange.&#160; 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.</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;">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; 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.&#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 than 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, so that some
or all of the market discount on the Old Notes may be required to be included on
a current basis as original issue discount on the New Notes.</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;">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.&#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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the deemed exchange
does not qualify 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 issue price of the New Notes and such U.S.
Holder&#146;s adjusted tax basis in the Old Notes.</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;">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 will 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 stated principal amount.&#160;
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;"><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="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;">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;"><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:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;">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;"><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 and Waiver 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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information returns will
be filed with the IRS in connection with any interest payments (including any
deemed interest payments with respect to the deemed exchange of Old Notes for
New Notes, any payments of stated interest or Special Interest and any payments
attributable to original issue discount).&#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="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><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 are securities for U.S.
federal income tax purposes, whether the Notes are publicly traded for U.S.
federal income tax purposes, and whether the wash sale rules apply.</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 Non-U.S. Holders</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;">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;"><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 generally will 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;"><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;"><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;"><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 generally 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;"><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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information returns will
be filed with the IRS in connection with any interest payments (including any
deemed interest payments with respect to the deemed exchange of Old Notes for
New Notes, any payments of stated interest or Special Interest and any payments
attributable to original issue discount).&#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 such payments.&#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 </font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-autospace:ideograph-numeric ideograph-other;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Consent Solicitation
Statement and the information incorporated by reference herein 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.&#160; These statements relate to future events or
UTStarcom&#146;s future financial performance and involve known and unknown risks,
uncertainties and other factors that may cause UTStarcom&#146;s or UTStarcom&#146;s
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.&#160; 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.&#160; These statements are only predictions.&#160; 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
its publicly available filings with the Securities and Exchange
Commission.&#160; These factors may cause
UTStarcom&#146;s 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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although UTStarcom
believes that the expectations reflected in the forward-looking statements are
reasonable, UTStarcom cannot guarantee future results, levels of activity,
performance or achievements.&#160; Moreover,
neither any other person nor UTStarcom assumes responsibility for the accuracy
and completeness of such statements.&#160;
Forward-looking statements speak only as of the date they are made, and
UTStarcom undertakes no obligation to update publicly any of them in light of
new information or future events.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;">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;"><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, is required to file reports and other information with the SEC.&#160; Filed 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.&#160; 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; pending
conclusion of the Committee&#146;s review, UTStarcom has not filed certain reports
and other information required to be filed and that 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, are likely to 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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom incorporates by
reference into this Consent Solicitation Statement the filings listed below,
which have previously been filed and any future reports and any reports or
other information UTStarcom may file with the SEC under Section 13(a), 13(c),
14 or 15(d) of the Exchange Act (other than documents 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 later to occur of the
Consent Date or the Effective Date:</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;"><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>Annual
report on Form 10-K/A for the year ended December 31, 2005, as filed on June 26,
2006.</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;"><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>Quarterly
report on Form 10-Q for the quarter ended June 30, 2006, as filed on August 9,
2006.</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;"><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>Quarterly
report on Form 10-Q/A for the quarter ended March 31, 2006, as filed on June
26, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Amended
Definitive Proxy Statements dated and filed on June 21, 2006.</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;"><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>Current
Report on Form 8-K dated and filed on July 19, 2007.</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;"><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>Current
Report on Form 8-K dated and filed on July 17, 2007.</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;"><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>Current
Report on Form 8-K dated July 9, 2007, as filed on July 13, 2007.</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;"><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>Current
Report on Form 8-K dated and filed on June 28, 2007.</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;"><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>Current
Report on Form 8-K dated May 31, 2007, as filed on June 6, 2007.</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;"><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>Current
Report on Form 8-K dated May 16, 2007, as filed on May 22, 2007.</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;"><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>Current
Report on Form 8-K dated May 10, 2007, as filed on May 16, 2007.</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;"><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>Current
Report on Form 8-K dated April 17, 2007, as filed on April 19, 2007.</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;"><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>Current
Report on Form 8-K dated March 30, 2007, as filed on April 5, 2007.</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;"><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>Current
Report on Form 8-K dated March 7, 2007, as filed on March 13, 2007.</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;"><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>Current
Report on Form 8-K dated and filed on March 2, 2007.</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;"><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>Current
Report on Form 8-K dated February 1, 2007, as filed on February 7, 2007.</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;"><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>Current
Report on Form 8-K dated February 1, 2007, as filed on February 2, 2007.</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;"><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>Current
Report on Form 8-K dated January 9, 2007, as filed on January 10, 2007.</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;"><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>Current
Report on Form 8-K dated and filed on January 8, 2007.</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;"><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>Current
Report on Form 8-K dated December 28, 2006, as filed on January 4, 2007</p>


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<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;"><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>Current
Report on Form 8-K dated and filed on December 22, 2006.</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;"><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>Current
Report on Form 8-K dated December 18, 2006, as filed on December 22, 2006.</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;"><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>Current
Report on Form 8-K dated December 17, 2006, as filed on December, 21, 2006.</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;"><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>Current
Report on Form 8-K dated November 10, 2006, as filed on November 16, 2006.</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;"><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>Current
Report on Form 8-K dated and filed on November 9, 2006.</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;"><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>Current
Report on Form 8-K dated November 7, 2006, as filed on November 8, 2006.</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;"><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>Current
Report on Form 8-K dated October 26, 2006, as filed on November 1, 2006.</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;"><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>Current
Report on Form 8-K dated October 26, 2006, as filed on October 31, 2006.</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;"><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>Current
Report on Form 8-K dated October 10, 2006, as filed on October 16, 2006.</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;"><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>Current
Report on Form 8-K dated September 25, 2006, as filed on September 29, 2006.</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;"><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>Current
Report on Form 8-K dated July 21, 2006, as filed on July 27, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated and filed on June 30, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated June 13, 2006, as filed on June 16, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated May 22, 2006, as filed on May 25, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated May 12, 2006, as filed on May 18, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated May 5, 2006, as filed on May 11, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated April 27, 2006, as filed on May 3, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated April 3, 2006, as filed on April 20, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated April 13, 2006, as filed on April 19, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated April 10, 2006, as filed on April 14, 2006.</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;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&#160;&#160;&#160;&#160;&#160; Current
Report on Form 8-K dated March 20, 2006, as filed on March 23, 2006.</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;">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;"><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>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</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;text-autospace:ideograph-numeric ideograph-other;text-indent:36.0pt;"><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 .0001pt;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</font></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;">New York, New York 10006</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;">Attn:&#160; Corporate Actions</font></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;">Banks and Brokers
call:&#160; (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;">Toll free (866)
937-2200</font></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;">By Facsimile:</font></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;">(For Eligible
Institutions Only):</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;">(212) 430-3775</font></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;">Confirmation:</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;">(212) 430-3774</font></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;">By Mail, Overnight
Courier or Hand Delivery:</font></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;">65 Broadway &#150; Suite 723</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;">New York, New York
10006</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;">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>

<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="100%" 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;text-autospace:ideograph-numeric ideograph-other;"><!-- SET mrlNoTableShading --><b>Citigroup Global Markets Inc.</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin: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;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" 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;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>&nbsp;Floor<br>
  New York, New York 10013<br>
  Attn: Liability Management Group</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <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;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <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>
  </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:24.0pt 0pt .0001pt;text-align:center;text-autospace:ideograph-numeric ideograph-other;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22</font></p>
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<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>a07-19754_1ex99d3.htm
<DESCRIPTION>EX-99.3
<TEXT>
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<head>






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<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&#160; 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 Second Solicitation of Consents to Proposed Amendments 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="61%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:61.74%;">
  <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="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:11.74%;">
  <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="61%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:61.74%;">
  <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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" 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="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:20.42%;">
  <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="bottom" 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="11%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.74%;">
  <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</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <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="61%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.74%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" 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="21%" colspan="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:21.4%;">
  <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="2%" valign="bottom" 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="11%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.74%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">918076AB6</font></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <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="461" 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="87" 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 July 26, 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;).&#160; The Proposed Amendments and Waiver require
for effectiveness (i) receipt of the Requisite Consents prior to the Consent
Date, which have not been properly revoked and have been accepted by UTStarcom,
(ii) receipt by the Trustee of an officers&#146; certificate of UTStarcom certifying
that the conditions in (i) have been satisfied, and (iii) due execution and
delivery by UTStarcom and the Trustee of the Second Supplemental Indenture,
which implements the Proposed Amendments.&#160;
The time and date the Proposed Amendments and Waiver become effective
(the &#147;Effective Date&#148;), could occur prior to the Consent Date.&#160;&#160; Consents may not be revoked after the
Effective Date unless UTStarcom is required by applicable law to permit such
revocation.</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:&nbsp;&nbsp;&nbsp;&nbsp;Global Bondholder Services
Corporation (as Tabulation Agent)</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="99%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:99.92%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><i>By Hand, Overnight Delivery or Mail:</i></p>
  </td>
  <td width="0%" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="99%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:99.92%;">
  <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>
  </td>
  <td width="0%" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="99%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:99.92%;">
  <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>
  </td>
  <td width="0%" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="99%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:99.92%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn: Corporate
  Actions</font></p>
  </td>
  <td width="0%" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="99%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:99.92%;">
  <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="0%" style="border:none;font-size:10.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="33%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.76%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><i>By Facsimile Transmission <br>
  (For Eligible Institutions only): <br>
  (212) 430-3775</i></p>
  </td>
  <td width="1%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.66%;">
  <p style="margin:0pt 0pt .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>
  </td>
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.32%;">
  <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;">Confirmation:
  <br>
  (212) 430-3774</font></i></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.2%;">
  <p style="margin:0pt 0pt .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>
  </td>
  <td width="36%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.04%;">
  <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;">Banks
  and Brokers call: <br>
  (212) 430-3774 <br>
  Toll free (866) 937-2200</font></i></p>
  </td>
 </tr>
 <tr height="0">
  <td width="253" style="border:none;"></td>
  <td width="12" style="border:none;"></td>
  <td width="189" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="269" style="border:none;"></td>
  <td width="1" 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;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
July&nbsp;19, 2007, and this Letter of Consent (as each may be amended or
supplemented from time to time, the &#147;Consent Solicitation Statement&#148; and the &#147;Letter
of Consent,&#148; respectively), a solicitation of consents pursuant to the Consent
Solicitation Statement, (the &#147;Consent Solicitation&#148;) is made by UTStarcom,
Inc., a Delaware corporation (&#147;UTStarcom&#148;), only to Holders 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, dated as of
March 12, 2003 (the &#147;Original Indenture&#148;, by and between UTStarcom, as issuer,
and U.S. Bank National Association, as trustee (the &#147;Trustee&#148;), as amended by
the First Supplemental Indenture, dated as of January&nbsp;9, 2007, by and
between UTStarcom and the Trustee (the &#147;First Supplemental Indenture,&#148; and the
Original Indenture as amended by the First Supplemental Indenture, the &#147;Indenture&#148;)
as more fully described in the Consent Solicitation Statement.</font></p>

<p style="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;">The
term &#147;Record Date&#148; as used herein means 5:00 p.m., New York City time, on
July&nbsp;18, 2007, 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-autospace:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The term &#147;Expiration
Date&#148; means the Final Maturity Date of the Notes as defined in the Original
Indenture.</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;">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-autospace:none;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">In order
to consent, Holders 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</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-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">number set forth above in accordance
with the instructions set forth herein and in the Consent Solicitation
Statement.&#160; However, UTStarcom reserves
the right to accept any consent received by UTStarcom, the Solicitation Agent
or the Trustee.</font></b></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;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-autospace:none;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.&#160; 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.&#160; 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;).&#160; For purposes of the Consent Solicitation, DTC
has authorized DTC participants (each, a &#147;Participant,&#148; and collectively, the &#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 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:none;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Proposed
Amendments and Waiver become effective, all Holders (including Holders that did
not consent to the Proposed Amendments and Waiver) will be bound by the
Proposed Waiver and the second supplemental indenture to the Indenture (the &#147;Second
Supplemental Indenture&#148;) implementing the Proposed Amendments, and all Notes
will accrue Special Interest (as defined in the Indenture) at a rate of 9.25%
per annum (representing an increase of 2.5% over the current rate of 6.75% per
annum) during the period from and including the Effective Date to the
Expiration Date.</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;">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 Acceptance of Consents&#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 acceptance of consents, (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, that 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 Date 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 (and
not revoked) consents, such consents may not be accepted by UTStarcom if all of
the other conditions to acceptance of consents have not been satisfied or waived,
if the Consent Solicitation is terminated or withdrawn for any reason, or if
the Second Supplemental Indenture or the Proposed Waiver do not become
effective for any reason.</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> <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;text-autospace:none;"><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-autospace:none;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.&#160; 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-autospace:none;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-autospace:none;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 (the &#147;SEC&#148;) as further described in the
Consent Solicitation Statement, 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 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;">The undersigned hereby
consents to (i) the Proposed Waiver, further described in the Consent
Solicitation Statement, which will provide that any default or Event of Default
caused by (a) any failure by UTStarcom to file the SEC Reports with the SEC
prior to the applicable deadline specified in the Exchange Act or to file
copies thereof with the Trustee, (b) any failure by UTStarcom to deliver
certificates 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, the compliance certificates required to be delivered pursuant to
Section 6.3 of the Indenture (the &#147;Compliance Certificates&#148;), and (c) any
failure by UTStarcom to otherwise comply with Section 6.2 or Section 6.3 of the
Indenture or &#167;314 of the Trust Indenture Act, (the requirements in the
Indenture relating to matters referred to in (a), (b) and (c) above, the &#147;Reporting
Covenants&#148;) be waived; and (ii) the Proposed Amendments, further described in
the Consent Solicitation Statement, which will be implemented by the Second
Supplemental Indenture and will provide that (a) any failure by UTStarcom to
comply with the Reporting Covenants during the period from and including the
Effective Date to and including the Expiration Date will not cause a default
under the Indenture, and (b) Special Interest on the Notes will accrue with
respect to all outstanding Notes at a rate of 9.25% per annum (representing an
increase of 2.5% over the current rate of 6.75% per annum) during the period
from and including the Effective Date to the Expiration Date.</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;">The undersigned acknowledges
that the Proposed Amendments and Waiver require for effectiveness
(i)&nbsp;receipt of valid consents of the Holders of a majority in aggregate
principal amount 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;) to the
Proposed Amendments and Waiver (the &#147;Requisite Consents&#148;) prior to the Consent
Date, which have not been properly revoked and have been accepted by UTStarcom,
(ii) receipt by the Trustee of an officers&#146; certificate of UTStarcom certifying
that the conditions in (i) have been satisfied, and (iii)&nbsp;due execution
and delivery of the Second Supplemental Indenture by UTStarcom and the Trustee.
&#160;The undersigned acknowledges that such
officers&#146; certificate from UTStarcom to the Trustee shall constitute notice of
waiver from the undersigned to the Trustee in accordance with Section 8.4 of
the Indenture.</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;">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 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 12.0pt;text-autospace:none;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 </font></p>


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

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<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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="margin:0pt 0pt 12.0pt;text-autospace:none;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.&#160; 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.&#160; 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:0pt 0pt 12.0pt;text-autospace:none;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%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="36%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:36.06%;">
  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><!-- SET mrlNoTableShading -->Name&nbsp;and&nbsp;Address&nbsp;of&nbsp;Holder</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="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.78%;">
  <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;">Serial&nbsp;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;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="19%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:19.9%;">
  <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;">Aggregate&nbsp;Principal&nbsp;Amount<br>
  of&nbsp;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;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="23%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:23.78%;">
  <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;With&nbsp;Respect&nbsp;to<br>
  Which&nbsp;Consents&nbsp;Are&nbsp;Given**</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="36%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:36.06%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.78%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="19%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:19.9%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="23%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:23.78%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <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="36%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.06%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.78%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="19%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:19.9%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="23%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:23.78%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <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="36%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.06%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="12%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.78%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="19%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:19.9%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="23%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:23.78%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <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="36%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:36.06%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Total Principal Amount Consenting of Notes:</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="12%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.78%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="19%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:19.9%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><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="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="23%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:23.78%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="0%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:.34%;">
  <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="margin:0pt 0pt .0001pt 18.0pt;text-autospace:none;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&#160;&#160;&#160;&#160;&#160; Need not be completed by Holders whose
Notes are held of record by depositaries including DTC.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**&#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;&#160; <b><i style="font-weight:bold;">All principal amounts must be in multiples of $1,000.</i></b></font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</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;text-autospace:none;"><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;text-autospace:none;"><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-autospace:none;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.&#160; 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.&#160;
If the Notes are held of record by two or more joint Holders, all such
Holders must sign this Letter of Consent.&#160;
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.&#160; If the Notes are
registered in different names, separate Letters of Consent must be executed
covering each form of registration.&#160; If
this Letter of Consent is executed by a person other than the Holder or an
authorized Participant, 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.&#160; Any beneficial
owner of the Notes who is not a Holder of record of such Notes or an authorized
Participant 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="19" 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="31%" colspan="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <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%" colspan="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="31%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.78%;">
  <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="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.72%;">
  <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="19" 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="19" 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="19" 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="100%" colspan="19" 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="8%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.92%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <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="88%" colspan="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:88.12%;">
  <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%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.92%;">
  <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="2%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88%" colspan="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:88.12%;">
  <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="8%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:8.92%;">
  <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="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="88%" colspan="15" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:88.12%;">
  <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="19" 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="16%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.84%;">
  <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>
  <td width="2%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <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="46%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.08%;">
  <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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.72%;">
  <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="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:16.84%;">
  <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="2%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <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="80%" colspan="9" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:80.18%;">
  <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 style="page-break-inside:avoid;">
  <td width="8%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.42%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address:</font></p>
  </td>
  <td width="3%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.58%;">
  <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="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:4.84%;">
  <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%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80%" colspan="9" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:80.18%;">
  <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="19" 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="33%" colspan="14" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.88%;">
  <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="1%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.54%;">
  <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="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.48%;">
  <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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.72%;">
  <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="28%" colspan="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.42%;">
  <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="5%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:5.46%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:1.54%;">
  <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="64%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:64.58%;">
  <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 style="page-break-inside:avoid;">
  <td width="33%" colspan="14" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.88%;">
  <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%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.54%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="64%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:64.58%;">
  <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="33%" colspan="14" valign="top" style="padding:0pt .7pt 0pt 0pt;width:33.88%;">
  <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="1%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.54%;">
  <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="30%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.48%;">
  <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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.72%;">
  <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="100%" colspan="19" 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;">GUARANTEE
  OF SIGNATURE(S)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="19" 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;">(If
  required, see instructions 5 and 6 below)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="31%" colspan="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <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%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="31%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.78%;">
  <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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.72%;">
  <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="23%" colspan="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.18%;">
  <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="8%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:8.56%;">
  <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%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="65%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:65.88%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-autospace:none;text-indent:-18.0pt;"><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="15%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.86%;">
  <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="15%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:15.86%;">
  <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%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;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="65%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:65.88%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-autospace:none;text-indent:-18.0pt;"><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="19" 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="31%" colspan="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <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%" colspan="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="65%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.88%;">
  <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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.08%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>
  </td>
  <td width="9%" colspan="8" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:9.74%;">
  <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="82%" colspan="10" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:82.16%;">
  <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="13%" colspan="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.68%;">
  <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="4%" colspan="3" valign="top" style="border:none;border-top:solid windowtext 1.0pt;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="82%" colspan="10" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:82.16%;">
  <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="60" style="border:none;"></td>
  <td width="3" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="22" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="13" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="15" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="39" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="16" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="10" style="border:none;"></td>
  <td width="228" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="237" style="border:none;"></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:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</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;text-autospace:none;"><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-autospace:none;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;&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.&#160; 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.&#160; 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="50%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:50.6%;">
  <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="4%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.64%;">
  <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="44%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:44.76%;">
  <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;">Serial Number(s)</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="50%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:50.6%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.64%;">
  <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="44%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:44.76%;">
  <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="50%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.6%;">
  <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="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.64%;">
  <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="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.76%;">
  <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="50%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.6%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlShadeRow --><b>&nbsp;</b></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.64%;">
  <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="44%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:44.76%;">
  <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="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></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;">IMPORTANT&#151;READ
CAREFULLY</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;">This proxy must be signed by the Holder(s) exactly as
its (their) name(s) appear(s) on the Certificates for the Notes.&#160; If the Notes are held of record by two or
more joint Holders, all such Holders must sign this proxy.&#160; If a signatory is a corporation, please give
full corporate names and have a duly authorized officer sign, stating
title.&#160; If a signatory is a partnership
or trust, please sign in the partnership or trust name by a duly authorized
person.&#160; 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.&#160; See
Instruction 5.</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="13" 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>PLEASE SIGN BELOW <br>
  (See Instructions 1 and 5)</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="13" 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;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="13" 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;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" colspan="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:93.06%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X:</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <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="93%" colspan="11" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:93.06%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X:</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.98%;">
  <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="93%" colspan="11" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:93.06%;">
  <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="100%" colspan="13" 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;">Signature(s)
  of Owner(s)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <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%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:1.98%;">
  <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="42%" colspan="8" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:42.08%;">
  <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>
  <td width="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <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="1%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:1.98%;">
  <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="91%" colspan="9" valign="top" style="padding:0pt .7pt 0pt 0pt;width:91.08%;">
  <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="100%" colspan="13" 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
  TYPE OR PRINT INFORMATION BELOW</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="10%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.82%;">
  <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="86%" colspan="7" valign="top" style="padding:0pt .7pt 0pt 0pt;width:86.8%;">
  <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="10%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.82%;">
  <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="2%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <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="86%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:86.8%;">
  <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 style="page-break-inside:avoid;">
  <td width="10%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capacity:</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="86%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:86.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="10%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address:</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="86%" colspan="7" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:86.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="13" 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;">(Including
  Zip Code)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="31%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <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:4.26%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:63.98%;">
  <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="31%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <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="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.26%;">
  <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="63%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:63.98%;">
  <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="31%" colspan="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <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="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.26%;">
  <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="63%" colspan="4" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:63.98%;">
  <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="100%" colspan="13" 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;">SIGNATURE
  GUARANTEE</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="13" 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;">(If
  Required, see Instructions 5 and 6)</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <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="49%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <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="49%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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 style="page-break-inside:avoid;">
  <td width="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <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="49%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <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="49%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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 style="page-break-inside:avoid;">
  <td width="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <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="49%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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="46%" colspan="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:46.56%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <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="49%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <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 style="page-break-inside:avoid;">
  <td width="7%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.6%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>
  </td>
  <td width="15%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:15.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.28%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="49%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.48%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="30" style="border:none;"></td>
  <td width="22" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="10" style="border:none;"></td>
  <td width="14" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="75" style="border:none;"></td>
  <td width="63" style="border:none;"></td>
  <td width="32" style="border:none;"></td>
  <td width="79" style="border:none;"></td>
  <td width="30" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="367" 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:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</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;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INSTRUCTIONS
FOR CONSENTING HOLDERS</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;">(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-autospace:none;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.&#160; </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.&#160; <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.&#160; In all cases, sufficient time should be
allowed to assure timely delivery.&#160; 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-autospace:none;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-autospace:none;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.
Consent Date.&#160; </font></b>The term
&#147;Consent Date&#148; means 5:00 p.m., New York City time, on July&nbsp;26, 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 as promptly
as practicable.&#160; Without limiting the
manner in which UTStarcom may make such announcement, UTStarcom will not,
unless otherwise required by law, have any obligation to advertise or otherwise
communicate such announcement other than by making a release to the Dow Jones
News Service or such other means of announcement as it deems appropriate.&#160; UTStarcom may extend the Consent Solicitation
on a daily basis or for such specified period of time as it determines at any
time to and including the business day following the previously scheduled
Consent Date.&#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-autospace:none;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.&#160; </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.&#160;
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.&#160; 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.&#160; 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.&#160; 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.&#160; 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-autospace:none;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.&#160; </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.&#160; 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.&#160; <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.&#160; </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 </p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy timely revokes the prior consent in accordance
with the procedures set forth herein and in the Consent Solicitation Statement.</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;">5.
Signatures on this Letter of Consent.&#160; </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, the signature of such Holder must
correspond with the name as 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.</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;">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.&#160; 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-autospace:none;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-autospace:none;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6.
Signature Guarantees&#160; </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 Exchange Act, 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;).&#160; However, signatures need not be guaranteed if
this Letter of Consent is given by or for the account of an Eligible
Institution.&#160; 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-autospace:none;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.
Revocation of Consents. </font></b>&#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 prior to the Effective Date
(which may occur prior to the Consent Date).&#160;
A notice of revocation received on or after the Effective Date will not
be effective, even if received prior to the Consent Date, unless UTStarcom is
required by applicable law to permit such revocation.&#160; <b>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 no
notation of the consent is made on such Notes.</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;">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 (which may occur
prior to the Consent Date).&#160; All
revocations of consents must be sent to the Tabulation Agent at its address set
forth herein and in the Consent Solicitation Statement.</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;">To be effective, a
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.&#160; 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.&#160; <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.&#160;
</b>Only a Holder (or Duly Designated Proxy) is entitled to
revoke a consent previously given.&#160; 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.&#160; A transfer of Notes after
the Record Date must be accompanied by a duly executed proxy from the</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">relevant Holder if the subsequent transferee is to
have revocation rights with respect to the relevant consent to the Proposed
Amendments and Waiver.&#160; 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-autospace:none;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.&#160; 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 Effective Date.</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;">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.&#160; 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.&#160; </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.&#160; 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.&#160; 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-autospace:none;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-autospace:none;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-autospace:none;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-autospace:none;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-autospace:none;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="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</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-autospace:none;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.&#160; </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;text-autospace:none;"><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;text-autospace:none;"><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;text-autospace:none;"><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;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn: Corporate Actions</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Banks and Brokers call: (212)
430-3774</font></i></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toll free (866) 937-2200</font></p>

<p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:none;"><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;text-autospace:none;"><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;text-autospace:none;"><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 .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(212) 430-3775</font></p>

<p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:none;"><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;text-autospace:none;"><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 .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(212) 430-3774</font></p>

<p align="right" style="margin:0pt 0pt .0001pt;text-align:right;text-autospace:none;"><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;text-autospace:none;"><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;text-autospace:none;"><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 12.0pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, New York 10006</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</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;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PAYER&#146;S NAME: Global Bondholder
Services Corporation (as Tabulation Agent)</font></b></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="29%" rowspan="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:29.12%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --><b>SUBSTITUTE</b></p>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FormW-9</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>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Department of the Treasury Internal Revenue
  Service</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>
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Request for Taxpayer Identification Number and
  Certification </font></b></p>
  </td>
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <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="70%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:70.04%;">
  <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 </font></b><b>(please print or type)</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.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>
  <td width="70%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:70.04%;">
  <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="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="70%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:70.04%;">
  <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>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <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="24%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.22%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <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="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.26%;">
  <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="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.22%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Individual/Sole Proprietor</p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.26%;">
  <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 style="page-break-inside:avoid;">
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.26%;">
  <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="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.22%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.26%;">
  <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 style="page-break-inside:avoid;">
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.26%;">
  <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="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <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="42%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.72%;">
  <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 style="page-break-inside:avoid;">
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="70%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:70.04%;">
  <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>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.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>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <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="24%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.22%;">
  <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="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <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="15%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.26%;">
  <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="0%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:.84%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">City, State and ZIP code:</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <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="42%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.72%;">
  <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>

<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="59%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:59.56%;">
  <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;"><br>
  </font></b><!-- SET mrlNoTableShading --><b>Part I: Taxpayer Identification Number<i><font style="font-style:italic;">  </font>(&#147;TIN&#148;)</i></b></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.52%;">
  <p style="margin:0pt 0pt .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <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><font size="1"><br><br></font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="59%" rowspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:59.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Enter your TIN to the right and certify by signing
  and dating below. For individuals, your TIN is your social security number.
  Sole proprietors may enter either their social security number or their
  employer identification number. For other entities, your TIN is your employer
  identification number.</font></p>
  </td>
  <td width="4%" rowspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <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="35%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <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 style="page-break-inside:avoid;">
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <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 style="page-break-inside:avoid;">
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <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="35%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <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="59%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:59.56%;">
  <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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.52%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:35.92%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>
  Applied For</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-autospace:none;"><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 12.0pt;text-autospace:none;"><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>&#160;
</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.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under penalties of perjury, I certify that:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 18.0pt;text-autospace:none;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </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).&#160; 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-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 18.0pt;text-autospace:none;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </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-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 18.0pt;text-autospace:none;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>I am a
U.S. person (including a U.S. resident alien).</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<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-autospace:none;"><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>

<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="9%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.88%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->Signature</p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:33.54%;">
  <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 1pt 0pt;width:7.62%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;Date</font></p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:33.42%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="top" style="padding:0pt .7pt 1pt 0pt;width:15.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;, 2007</font></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 .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&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;">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.&#160; 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;">11</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 align="center" style="margin:0pt 0pt .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GUIDELINES FOR CERTIFICATION OF
TAXPAYER IDENTIFICATION</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;">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;text-autospace:none;"><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.&nbsp;00-0000000.&#160; The table
below will help you determine the number to give the payer.</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="48%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <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="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="49%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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;">Give the SOCIAL<br>
  SECURITY number of&#151;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <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>Individual&#146;s
  account</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%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <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>Two
  or more individuals (joint account)</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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 style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <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>Custodian
  account of a Minor (Uniform Gift to Minors Act)</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>a.<font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The usual
  revocable savings trust account (grantor is also trustee)</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;text-indent:-30.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>So-called
  trust account that is not a legal or valid trust under state law</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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 style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <p style="margin:0pt 0pt .0001pt 30.0pt;text-indent:-15.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.58%;">
  <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;">5.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Sole
  proprietorship or single-owner LLC</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.04%;">
  <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="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%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="48%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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="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="49%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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;">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="48%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Sole
  proprietorship or single-owner LLC</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%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>A
  valid trust, estate, or pension trust</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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 style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Corporate
  account</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Association,
  club, religious, charity, educational organization or other Tax-Exempt
  organization account</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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 style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Partnership
  or multi-member LLC</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>A
  broker or registered nominee</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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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 style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <p style="margin:0pt 0pt .0001pt 18.0pt;text-indent:-18.0pt;"><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="49%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF" style="page-break-inside:avoid;">
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:48.62%;">
  <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:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="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%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.0%;">
  <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="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 18.0pt;text-autospace:none;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;">&#160;&#160;&#160;&#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 18.0pt;text-autospace:none;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;">&#160;&#160;&#160;&#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 18.0pt;text-autospace:none;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;">&#160;&#160;&#160;&#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 18.0pt;text-autospace:none;text-indent:-18.0pt;"><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;&#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;text-autospace:none;"><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;">12</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<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;">Obtaining a Number</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;">If you do not have a
taxpayer identification number or you do not</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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-autospace:none;"><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-autospace:none;"><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-autospace:none;"><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;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>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).</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>The United States
or any of its agencies or instrumentalities.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A state, the
District of Columbia, a possession of the United States, or any of their
political subdivisions or instrumentalities.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A foreign
government or any of its political subdivisions, agencies, or
instrumentalities.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>An international
organization or any of its agencies or instrumentalities.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><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;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A corporation.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A foreign central
bank of issue.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A dealer in
securities or commodities required to register in the United States, the
District of Columbia, or a possession of the United States.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A futures
commission merchant registered with the Commodity Futures Trading Commission.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A real estate
investment trust.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>An entity
registered at all times during the tax year under the Investment Company Act of
1940.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A common trust fund
operated by a bank under Section 584(a).</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A financial
institution.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A middleman known
in the investment community as a nominee or custodian.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>A trust exempt from
tax under Section 664 or described in Section 4947.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><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;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments to
nonresident aliens subject to withholding under Section 1441.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments to
partnerships not engaged in a trade or business in the United States and which
have at least one nonresident alien partner.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments of
patronage dividends not paid in money.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments made by
certain foreign organizations.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Section 404(k)
distributions made by an ESOP.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><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:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments of
interest on obligations issued by individuals.</p>

<p style="margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments of
tax-exempt interest (including exempt-interest dividends under Section 852).</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments described
in Section 6049(b)(5) to non-resident aliens.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments on
tax-free covenant bonds under Section 1451.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Payments made by
certain foreign organizations.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 15.6pt;text-autospace:none;text-indent:-15.6pt;"><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>Mortgage or student
loan interest paid to you.</p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><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-autospace:none;"><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-autospace:none;"><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-autospace:none;"><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-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(1)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160; </font>Penalty for Failure to
Furnish Taxpayer Identification Number.</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="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(2)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160; </font>Civil Penalty for False
Information with Respect to Withholding.</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;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(3)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160; </font>Criminal Penalty for
Falsifying Information.</b>&#160; Willfully
falsifying certifications or affirmations may subject you to criminal penalties
including fines and/or imprisonment.</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;">FOR ADDITIONAL INFORMATION CONTACT
YOUR TAX ADVISER OR THE INTERNAL REVENUE SERVICE</font></b></p>


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