-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IpxdV6ag/znDcNFqd5L7ojSbFKAGjJfmlhXfNL8RDZPPC5cH3O+hdxKtcwxpv64h
 MP4Hdxpticvpxupl4InYNA==

<SEC-DOCUMENT>0001104659-10-010980.txt : 20100301
<SEC-HEADER>0001104659-10-010980.hdr.sgml : 20100301
<ACCEPTANCE-DATETIME>20100301172313
ACCESSION NUMBER:		0001104659-10-010980
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20100222
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100301
DATE AS OF CHANGE:		20100301

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:		10646125

	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>a10-4643_28k.htm
<DESCRIPTION>8-K
<TEXT>

<html>

<head>






</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

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

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

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM&nbsp;8-K</font></b></p>

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

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

<p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the
Securities Exchange Act of 1934</font></b></p>

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

<p style="font-weight:bold;margin:0in 0in .0001pt;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><font size="2" style="font-size:10.0pt;">February&nbsp;22,
2010</font></p>

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

<p style="font-weight:bold;margin:0in 0in .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:0in 0in .0001pt;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>

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

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .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:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .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="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other jurisdiction of<br>
  incorporation)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .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:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer Identification<br>
  No.)</font></p>
  </td>
 </tr>
</table>

</div>

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

<p align="center" style="margin:0in 0in .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>

<p align="center" style="margin:0in 0in .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>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal
executive offices) (Zip code)</font></p>

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

<p align="center" style="margin:0in 0in .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>

<p align="center" style="margin:0in 0in .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>

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

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

<p align="center" style="margin:0in 0in .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>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;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="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160; Written communications pursuant to Rule&nbsp;425 under the
Securities Act (17 CFR 230.425)</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160; Soliciting material pursuant to Rule&nbsp;14a-12 under the
Exchange Act (17 CFR 240.14a-12)</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under
the Exchange Act (17 CFR 240.14d-2(b))</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under
the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">

<p style="border:none;margin:0in 0in .0001pt 1.0in;padding:0in;text-indent:-1.0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105592\10-4643-2\task3968269\4643-2-ba.htm',USER='105592',CD='Mar  2 03:35 2010' -->


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


<div style="font-family:Times New Roman;">

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

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5.02</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.</font></b></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On February&nbsp;4, 2010, UTStarcom,&nbsp;Inc. (the &#147;Company&#148;) filed a
Current Report on Form&nbsp;8-K reporting that it had entered into a Common
Stock Purchase Agreement with Beijing E-town International Investment and
Development Co., Ltd., and a Common Stock Purchase Agreement with Ram Max Group
Limited through Elite Noble Limited and Shah Capital Management through Shah
Capital Opportunity Fund LP, pursuant to which the Company will issue and sell
common stock in a private placement transaction (the &#147;Placement&#148;).</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
connection with the Placement, Mr.&nbsp;Ying (Jack) Lu, age 47, and the Company
entered into an offer letter, dated February&nbsp;1, 2010 (the &#147;Offer Letter&#148;),
which provides, among other things, that Mr.&nbsp;Lu would be appointed as the
Company&#146;s Chief Executive Officer effective the later of June&nbsp;30, 2010 or
three months following the closing of the Placement.&#160; Pursuant to the Offer Letter, Mr.&nbsp;Lu
would serve as the Company&#146;s Senior Vice President and Chief Operating Officer
from the closing of the Placement until he becomes the Company&#146;s Chief
Executive Officer.&#160; A copy of the Offer
Letter was filed as Exhibit&nbsp;10.4 to the Company&#146;s Form&nbsp;8-K filed on February&nbsp;4,
2010.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
February&nbsp;22, 2010, the Company and Mr.&nbsp;Lu entered into an amendment
to the Offer Letter (the &#147;Side Letter&#148;), which amended certain terms of the
Offer Letter, as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 75.0pt;text-indent:-.25in;"><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;">changing the commencement date of Mr.&nbsp;Lu&#146;s
service as the Company&#146;s Senior Vice President and Chief Operating Officer to March&nbsp;1,
2010 (the &#147;New Start Date&#148;), which is prior to the closing of the Placement;</font></p>

<p style="margin:0in 0in .0001pt 75.0pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 75.0pt;text-indent:-.25in;"><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;">changing the payment date of Mr.&nbsp;Lu&#146;s
signing bonus and grant of a restricted stock award, in each case, to
correspond to the New Start Date; and</font></p>

<p style="margin:0in 0in .0001pt 75.0pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 75.0pt;text-indent:-.25in;"><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;">providing that if for any reason the
Placement is not consummated, Mr.&nbsp;Lu will continue to serve as the Company&#146;s
Senior Vice President and Chief Operating Officer, and the board of directors
of the Company may appoint Mr.&nbsp;Lu as the Company&#146;s Chief Executive Officer
at its discretion, with employment terms to be mutually agreed upon between Mr.&nbsp;Lu
and the Company&#146;s board of directors.</font></p>

<p style="margin:0in 0in .0001pt 75.0pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">From
August 2008 until joining the Company, Mr. Lu worked as an entrepreneur seeking
to establish a renminbi denominated investment fund to invest in high
technology companies in southwest China. From July 2007 to July 2008, Mr.&nbsp;Lu
served as Global Co-Chief Operating Officer and General Manager of China
Operations for Source Photonics,&nbsp;Inc., an optoelectronics components
company. From September 2001 until June 2007, he served in a number of senior
management positions, including most recently as President and Chief Executive
Officer from January 2007 to June&nbsp;2007 and Chief Operating Officer from June
2006 to December 2006, with Fiberxon Inc., an optical telecom components
company, which was acquired by MRV Communications Inc., a communications
equipment and services company, in July&nbsp;2007. From 2000 until 2001, Mr.&nbsp;Lu
served as Director of Business Strategy Development for US Business Networks
Inc. (MeetChina.com), a business-to-business portal provider. From 1988 to 1998,
Mr.&nbsp;Lu served in a number of management positions with China National
Technical Import and Export Corporation, an import/export, manufacturing and
consulting firm.&#160; Mr.&nbsp;Lu received a
B.S. in Electrical Engineering from Huazhong University of Science and
Technology in China and holds an M.B.A. from the University of Southern
California</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing description of the terms and conditions of Mr.&nbsp;Lu&#146;s Offer Letter
and the Side Letter do not purport to be complete and are qualified in their
entirety by reference to the Offer Letter and </font></p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_112409_7056"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105592\10-4643-2\task3968269\4643-2-ba.htm',USER='105592',CD='Mar  2 03:35 2010' -->


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


<div style="font-family:Times New Roman;">

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the
Side Letter.&#160; The Side Letter is attached
as Exhibit&nbsp;10.1 to this Current Report on Form&nbsp;8-K and is
incorporated herein by reference.</font></p>

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

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On March 1, 2010, the Company issued a press release
announcing the appointment of Mr. Lu to Chief Operating Officer effective
immediately. The full text of the press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K and is incorporated herein by reference.</font></p>

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

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial
Statements and Exhibits.</font></b></p>

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

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:avoid;"><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;width:100.0%;">
 <tr>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.84%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;Number</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.66%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="86%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:86.5%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:11.84%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="2" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:86.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment to Employment Offer Letter dated February&nbsp;22, 2010
  from UTStarcom,&nbsp;Inc. to Jack Lu</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.84%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.5%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release dated March 1, 2010</font></p>
  </td>
 </tr>
</table>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_112443_5335"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\105592\10-4643-2\task3968269\4643-2-ba.htm',USER='105592',CD='Mar  2 03:35 2010' -->


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


<div>

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

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

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

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><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:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .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;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
  <p style="margin:0in 0in .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="padding:0in 0in 0in 0in;width:49.58%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM, INC.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
  <p style="margin:0in 0in .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="padding:0in 0in 0in 0in;width:49.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
  <p style="margin:0in 0in .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:0in 0in 0in 0in;width:49.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:
  March 1, 2010</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="43%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Peter Blackmore</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Peter
  Blackmore</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President and Chief Executive Officer</font></p>
  </td>
 </tr>
</table>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_112632_5796"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\105592\10-4643-2\task3968269\4643-2-ba.htm',USER='105592',CD='Mar  2 03:35 2010' -->


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


<div style="font-family:Times New Roman;">

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

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

<p style="margin:0in 0in .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;width:100.0%;">
 <tr>
  <td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;Number</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="85%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:85.86%;">
  <p align="center" style="margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:11.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="2" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="85%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:85.86%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendment to Employment Offer Letter dated February&nbsp;22, 2010
  from UTStarcom,&nbsp;Inc. to Jack Lu</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.66%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.48%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="85%" valign="top" style="padding:0in 0in 0in 0in;width:85.86%;">
  <p style="margin:0in 0in .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release dated March 1, 2010</font></p>
  </td>
 </tr>
</table>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5<a name="PB_5_112713_2897"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\105592\10-4643-2\task3968269\4643-2-ba.htm',USER='105592',CD='Mar  2 03:35 2010' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a10-4643_2ex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>

<html>

<head>






</head>

<body lang="EN-US">

<div>

<p align="right" style="color:black;margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>

<p align="right" style="color:black;margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p align="right" style="color:black;margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;"><img width="230" height="60" src="g46432kci001.gif"></font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;10, 2010</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jack
Lu</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">(Delivery by email)</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Dear Jack:</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reference is made to the
offer letter dated January&nbsp;26, 2010 and executed by you February&nbsp;1,
2010 (the &#147;Offer Letter&#148;). Terms defined in the Offer Letter will have the same
meanings in this letter agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Pursuant to the Offer Letter, you are to commence services as
UTStarcom&#146;s Senior Vice President and Chief Operating Officer upon the closing
of the Investment (your &#147;Original Start Date&#148;) and thereafter would become its
Chief Executive Officer effective on the later of June&nbsp;30, 2010 or three
months following the closing of the Investment. This letter is to confirm that
you will now commence services as UTStarcom&#146;s Senior Vice President and Chief
Operating Officer on <u>March&nbsp;1st, 2010</u>, prior to the closing of the
Investment (your &#147;New Start Date&#148;).</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The terms of your employment will be governed by the Offer
Letter, Severance Agreement and Confidentiality Agreement, except as follows:</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Symbol" style="color:windowtext;font-size:10.0pt;">&#183;</font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; The
Signing Bonus will be paid to you on the first payroll period following your
New Start Date (rather than your Original Start Date).</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Symbol" style="color:windowtext;font-size:10.0pt;">&#183;</font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; The
Initial Restricted Stock Award will be granted at the first Compensation
Committee meeting after your New Start Date (rather than your Original Start
Date) at which equity grants are considered for approval.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Symbol" style="color:windowtext;font-size:10.0pt;">&#183;</font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; If
for any reason the Investment is not consummated, you would continue in the
role of Senior Vice President and Chief Operating Officer and the Board would
be able to appoint you Chief Executive Officer at its discretion with
employment terms to be mutually agreed upon between you and the Board. For
purposes of clarification, this means that (i)&nbsp;the provisions in the Offer
Letter providing for an increase to your base salary and target annual bonus,
and the granting of additional equity awards upon commencing as the Chief
Executive Officer would not apply, unless agreed upon in writing by you and the
Board, and (ii)&nbsp;&#147;Good Reason&#148; would not exist as a result of your not
being appointed Chief Executive Officer for purposes of triggering severance
pay under your Severance Agreement.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">In all other respects, the Offer Letter (as modified by this
letter agreement), together with the Severance Agreement and Confidentiality
Agreement, will govern the terms and conditions of your employment and
supersede any prior discussions, oral or written, which we have had relating to
your employment and the other matters discussed in this letter.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;"><img width="576" height="90" src="g46432kci002.gif"></font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<div style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\10-4643-2\task3961543\4643-2-kc.htm',USER='105340',CD='Feb 26 17:52 2010' -->


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


<div>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Jack, we are excited about your commitment to UTStarcom and
that you believe so much in its future prospects. We too believe that UTStarcom
has a promising future and look forward to working with you to that end.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">If you have any questions, please feel free to contact me at
1-510-864-8800.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Yours Sincerely,</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Ed Hudson</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Senior Director, International Human Resources</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">I accept the terms and conditions of this
letter agreement, and I understand that it modifies the terms of the Offer
Letter.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signed:
  </font></b></p>
  </td>
  <td width="38%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">/s/
  JACK LU</font></b></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Print
  Name: </font></b></p>
  </td>
  <td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Jack
  Lu</font></b></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.26%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date: </font></b></p>
  </td>
  <td width="38%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.76%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">February&nbsp;22,
  2010</font></b></p>
  </td>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

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

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\10-4643-2\task3961543\4643-2-kc.htm',USER='105340',CD='Feb 26 17:52 2010' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a10-4643_2ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>

<html>

<head>






</head>

<body lang="EN-US">

<div>

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

<h3 style="color:#330066;font-weight:bold;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;"><img width="240" height="68" src="g46432mmi001.gif" alt="GRAPHIC"></font></b></h3>

<h3 style="color:#330066;font-weight:bold;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></b></h3>

<h3 style="color:#330066;font-weight:bold;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">UTStarcom Appoints Jack Lu as Chief Operating Officer</font></b></h3>

<h3 style="color:#330066;font-weight:bold;line-height:normal;margin:0in 0in .0001pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></b></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ALAMEDA,
Calif., March&nbsp;1, 2010 /PRNewswire via COMTEX News Network/ &#151; UTStarcom,&nbsp;Inc.
(Nasdaq: UTSI) today announced the appointment of Jack Lu to Chief Operating
Officer effective immediately. He will oversee the broadband business unit,
multimedia communication business unit, global supply chain and China sales and
marketing functions. He will report directly to Peter Blackmore, Chief
Executive Officer and President of UTStarcom.</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Logo:
http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO)</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;I
am extremely excited to have Jack join UTStarcom&#146;s executive leadership team as
he brings a wealth of experience and knowledge,&#148; said Peter Blackmore, Chief
Executive Officer and President of UTStarcom. &#147;Jack&#146;s start date is earlier
than we had planned and I applaud Jack&#146;s commitment to start as soon as he
could. He will further strengthen our China management team, build upon our
momentum in China and his leadership will be instrumental in driving the
Company&#146;s long-term growth.&#148;</font></p>

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jack
brings more than 25 years of experience in telecom, opto-electronic components
and investment project management in a multinational environment. Jack recently
served as Co-Chief Operating Officer and General Manager, China at Source
Photonics, a leading global opto-electronic component company. Prior to Source
Photonics he held numerous positions at Fiberxon, which was sold to MRV
Communications Inc. in July&nbsp;2007, including Chief Executive Officer, Chief
Operations Officer and Vice President of Marketing and Sales. Prior to joining
Fiberxon in September&nbsp;2001, Mr.&nbsp;Lu worked for US Business Networks
Inc. (MeetChina.com) as Director of Business Strategy Development from March&nbsp;2000
to May&nbsp;2001, and China National Technical Import and Export Corporation in
a number of management positions from May&nbsp;1988 to July&nbsp;1998. Mr.&nbsp;Lu
holds a Bachelor of Science degree in Electronic Engineering from Huazhong
University of Science and Technology and an M.B.A. from the University of
Southern California.</font></p>

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

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

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom
is a global leader in IP-based, end-to-end networking solutions and
international service and support. The Company sells its solutions to operators
in both emerging and established telecommunications markets around the world.
UTStarcom enables its customers to rapidly deploy revenue-generating access
services using their existing infrastructure, while providing a migration path
to cost-efficient, end-to-end IP networks. The Company was founded in 1991 and
is headquartered in Alameda, California. For more information about UTStarcom,
visit the Company&#146;s Web site at http://www.utstar.com.</font></p>

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

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

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Copyright
(C)&nbsp;2010 PR Newswire. All rights reserved</font></p>

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

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105586\10-4643-2\task3967539\4643-2-mm.htm',USER='105586',CD='Mar  2 01:10 2010' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g46432kci001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g46432kci001.gif
M1TE&.#=AY@`\`'<``"'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"P`
M````Y@`\`(?___\```!2(83O[^^MI:WFYL7FUN_>Q<6MI<6E<ZU2*8Q:6HR$
MG)0Q$&-C6L5C6N\Z6LX06LX00EKF[UJU0N^U0FNU0JVU0BGF[Y2U$.^U$&NU
M$*VU$"D0&:7F<^_F<ZVU<VNU<RFU0LZU0DJU0HRU0@BU$,ZU$$JU$(RU$`@0
M&83F<\[F<XRU<TJU<PC%Q<6$6KTQ.B$Z0I00$!`Z[]XZ[UHZK=XZK5HZ8Y2$
ME.\ZK9PZK1F$&>\Z[YPZ[QDZ&>\Q8QF$*1FU[^\0K=X0K5H0K9P0K1F$&<40
M&>\08Y00[]X0[UH0[YP0[QE:*1D08QECE.]C[]YC[UIC[YQC[QECI5ICI1F$
MSMZ$SEJ$SIR$SADZSMXZSEHZSIPZSAF$"!D00I00SMX0SEH0SIP0SAE:"!EC
MA%ICA!FM<\ZMI>9C&8Q2*5H0$&,0$#JUQ>_F0N_F0FOF0JWF0BFM<^_F$._F
M$&OF$*WF$"E:8UKF<VOF<RFM<XSF0L[F0DKF0HSF0@CF$,[F$$KF$(SF$`CF
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MC(PZC`AC".\Z",X0C,X0C$H0C(P0C`AC",40",X00@ACA,YCSLYCSDICSHQC
MS@@`$`CF[RFEQ<7F[PA22DK%[\7FSFOFSJ4Z$'N$*93%[Y3%[UI2$)1:.H3_
M_^__WO=2"(0``!`(_P`!"!Q(L*#!@P@3*ES(L*'#AQ`C2IQ(L:+%BQ@S:MS(
ML:/'CR!#BAQ)LJ3)DRA3JES)LJ7+ES`/\IL)@%_,FSAS:K2ILZ?/GSP!#!@X
M5*#-HS^3*AV)U*C0AD&72IV:,2B_H@('&-AJX(4!K%3#BJ4(%D#78<GV(4.5
M*M6^?6D1(7@ZMJY=@U$'(.BU8-^"!</2&#C8=?#=PW9YZ@UEJ%>O88T&1D5,
M^2[6`XT?AS*<5:MGK$<'#+!:N71,K`@,#1O6:VY6!`A6+R#V-UFR85\)@IUL
MNC?)H3S[#0-\"H;A%ZM9.W9LR!`O7OL:'$M@-&A9W]@Y*JY)-%DO&*<2#/]]
MD>`4@E-H3IU:#8/Y<^BI&O3*3O^DS:$#DJ4;EF"86=BPH0%;`NDED$XOACA@
MR`+0"8#,&LB\(!EO]55HT6@"#=/8>OT8`&`:"+P`8'D)]))`*,DX!QTO`BB0
MBCW^<6?AC!/MEN$",*`QC!L&#(-`(VX<\$(C(@:X'G,+J,A+*@KH(\`:U%U'
MXY0+E74`CH\U8H!Y+[CA"(]NO%`DB0=JR.!S:B@@`"^+-!`CE7`N=!5!_20Y
M3"BG.')*(VD0R94!7J8!8GBLI:CD(KRLT:("]A`0YZ-5"H0`+X\9T@@"Y0'I
MQCQ#;27B"^FMAY:"#*K%I`(*[//B8*-)">F,]^'_QTMFYB6`0!IB;B7:`#R"
MB.EJCB7Y'JJH+B*``/884MVKS`KT@@)\P9``B7VZP>.?8L*&'K`(#JNF@RPB
MZUJSCXHFD%^-#0/#,.@!>,"U80J*:7K,+?C<(@KX(T`J^QZ;"C)9!4PNE0.L
M,:N"JY6':ZYA=GDI;,,(J%Z"JWGG`((8PY`69T0-+)&K/16%`#(+>O<8B42%
MZ(BO!1K`4S*($$2AP&5A93-=.-\<,'X'\9QSQT4%W;'`0Q-]L\ZN"@WT4R#'
M1,QS"UY\\K@`W!H@IJ<D,YA-@-4TLU`T$=US0E*6#5'3/^NFMM@%-0W6VVW_
M).L^4-NV[KH#]6/>>>=-_]L+9Y1N58`!!;R`'S^Z[HKVV@XM_I#C&T'..,XZ
M#8#,>TE>O.XI>9,87G]HN4&3(72W9<^+;PYS^K_V-.#:"XC$+OOLCAHP^^VW
M,S"0[!(:1`#NN=O,`/"\T_4[\;$ST#L`LH\MT/`$&$"`\EX!4+U2!C2`N2&V
M?>>?33V2.,Q^&O?S%.EJJ,JD/=1ER.2Q^U+'0`#TUV\__7@,</_^]<<@$"+U
M2X38Y,&__15E!@6TG^X`$(,$WL]1^J/?`@]"@/H-8!ZT&``>_!>``E"N<O90
MP'MFM:!>)&,@!C@9M_CBAH&0;A]K\E?J\`6_5,P'#_2+02)FH$,>)L*"#K0?
M*O\$0K\?!F""1<%A`&:0B![JD!;UD]`!@IA#LU"Q?O(0"`+I)Z'=&*!^,QB*
M`(?!@'\@8GDA`\`\_*&/MSSG+P@ZH4`,H+GEI(@7@$,&JHZU#_8-9!B+6A.,
M`$#`&2"$`7@88D%>@+^#*+&"]#,(`8]X$%30SU&0])_OBFB]^B6$D0'PWP"V
M&$FBN0.,0]$=`6QRO:08(!5.6A/49K6`O"W@.XY)AH+V`;@TK2D5:ABD0!(0
MPF,A`QGS*61$,FF0*2Z1'_,+0!;IHL28&42)$HJF``TR``*(R8I+_"0G!_##
M+1J2(`U$Y=HDQQ(#A!"&;H1:+>?(BULFZ2_0::%`ED3_+`'T\4VG.-:W4D&=
M2:)"'C&0QT$3&@,\N&R1]%,D.LTXD!<T$(W5%(KB&'A)`#!S(:`,@#A#*10$
M(D*)>-@=_1"!P!GPY*5+P0\L`TFW-Z(P2?:R%S+RF*9O":!]`$C`^_:A!M<!
M()I!W"1)"0+)&<3,`#%H*4&4&`!:N&,&6,5J_1RE36X6I`">1`@H-8G`E$*1
MDJ!,*0+_P4Z<#&`?:C(6/-^#0EG.ZCVI6-XBD-&B7Z9B7*>P1_K\%1D`X"$1
M5UWB/V:P6`L6!)(2):+]7F#$?U!2()-TX#D_JI"0)@22VRPK.`-P"$X"@'XN
MK<M0>*$FN/(14;Q`X3[L55,6_RW/$'Q5$S`;-1"A]E4`#5@<``-0%LX:]G[R
M.*7]!H+2KE`5$5T92#3/61`#S*-ZGA5K%0$@6H_>KRBH]1E5AI*`O?85AOO:
M!W<<]R\U^)-)_IB+34[A#V2X-K8#B!T:"3+<XM)OFIVD8DH)*4&5KI0@I5UJ
M01+LOR\&P!TC#6T`!GQ<+F;EE&$42U!>T`#WJLE%K&T`QQC2`/CQPA^J`NHP
M^.6O^8`R$<.;'0.&D4[_*CB=9[2N5^9A@`0'8##'.+!TL5C1`"P6=\-0HO]`
MZ53@)3FB0ODAA0$@98*$=RQ!<8L`/%RL5"S`?`SIAZK@ND=&C6O%\+.'A/AQ
M19$^%O_*`::N0=(IP(PR%8R#<7`0CR&4-@?`#$(YY93S6Q#4(H:8J")J:UW4
M@#4<PR_$@#2#\+"/-32`7\3R1Z+W09M(^],?2QH(`7:X1-36SQV)<-2;I:E%
M"R-$SP2P,U9>0$JN9E6YREVB)CVJ55*"4==9J;)"ZL>JL&#(+`UHDD#WN"09
MU/>8R/`'A/CZ+S6Q]EAJ./&2()3L/O*B`4`%25O9MA*EC3LIAE@$>K^%+WWL
M$7Z_A1^JW-U:>*M;D$M*14&^UKC3:,1M2HLI"D.8"A:IR;UIRC8?!1K#92^\
MS#T5J#TX%ZNB:;0SXC67;LSEF3GM"N.*X[C&<U,TC9,EXQK___C&#ZOJL:"Y
MWC!D4;CZ&:Z&^Y/AJ8JX?9^TNY2"#Q'R>$'T\("($YHAULP3R#SD$;O=)8^!
MRF,NTF/!`$>901X>BD',]&M8!@!:($3/8MB/FC\^Q\``>/!*S'27"-L!X!#.
M33L##8>(LRMO``U-*2H*P(#!"'T>'YR*JAC^WGWU\]WHA>>'/[RH=XO86?((
M^D#DL<$!"%V#ACVH8;6"=@8RMRN'.&W+"8D'/A\C%LY:,Y\9.`R;))08DQ^`
M[K)XC/P>-O0*C<4+Y@'=F,6``0)D@.R_.0QY"'``"^#'(<34^I06/8-C`4[`
M#+`O@Z-*RXE_^/OD'4AB$2L5:!@(_X^C.YZJU00141^,HUX0]4/T'6P&8,#[
MQS44>'C3>@2`X'&<%?47\*/ETX-)#!!ZN0%XAJ,K)Y5-1V4]`]`/>)`_H2=\
M_V<]$O*`ZW=4)J=:`I$&;4%FW,=XWG=X\*,6Q.)>^P(#%,%O,O$0*L@0%-*"
M`W,*:Z!I/<57?<5XRX9>E^,@WT(L!N,Q0,@="+`&BT`-+9(^9?9+('AS#L)'
M3<(H;Q*$Y,(3!A`=/4@L^X`O(=A/+0)#>P1^7G-N4D@?AK`&Q**%5^A]H!9(
M_L)+3C&&4O@"?;1P6_9N:F""2^(O;1%^W`&#<!@GC2`#EW9SJ))PF;8D]K`/
MG!-X?SB&PC*Q`,AP:?:`+/S2%@VP#[VP/#,AAHV('4IC'1Y"(OT1(C)S;&#3
/B:B8BJJH$IRXBBX1$``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g46432kci002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g46432kci002.gif
M1TE&.#=A0`):`'<``"'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"P`
M````0`):`(?___]2(8Q2*81:.I0Z&6/.Q<5S4I24>[5:,8QC2IQ[:ZVMG,Y[
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M<YR,0K40$#J40D(Z0CJ4$$*4$.\Z$#J][SH00CH0$!`Z0A!K$.\Z$!"][Q`0
M0A#OO5KOO1`0[Q`0G!"][V,0Q1`0<Q!K.I24$&N]O7N]O3$00M;O<^;O4GLZ
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M.HQ2*7/.Q:52"(P(_P`!"!Q(L*#!@P@3*ES(L&$$``\;2IQ(L:+%BQ@S:MS(
ML:/'CR!#BAQ)LJ3)DQ$\>"B`8X($#C!AAI"P8$*!`BH+/HRP$^+)GT"#"AU*
MM*C1HTB3$HUX,`(6'!(.,##P`02]?@@^T*.'`,&```@"]!,;X$."!!0FT.$Y
MD"U3I7#CRIU+MZ[=NW@1]A28#XD$"B"J@@#AP,&I!`[.GAT,@A&CKF'#HOH7
M8!P!??H^4%@@3Z?/O*!#BQY-NK1ID!%3%\32H!OC!`Q.R3[%J/#AQ`X0@.CJ
MZH,!!@>"TUP@04*($!02]"-PAX^!!J>C2Y].O;IUHZH'8I'`8'!A!Q0<,/\0
M_QUQ@@%;&5"0@`.+Q;X-[N7(\<+]]?OX\^O??SU":\3C47!*>*>(AUAABM6Q
M0'L)]>2@3V\!D`\62#30@7W\9:CAAAQV^!%36+QPSV^I.)!**@.F2$$J#'0'
M7'L1,A2C0#S-Z.&-..:HHX=8'$#8B>"E0H%Z#+"(H@,@<%"`C6[E0U"-;SW8
MX(Y45FGEE7`Y26-$2`"FGI`4K%CDBF&>PD`W)U2T%X2?*=29C5C&*>><=*K9
MI@?=M(@/F4-V(R0$0K)X`!)/?@:GC&P:6N>BC#;J*(01R;.`>`S@$R@%$(1)
MP1@46"J!/$RYU5:;&4GYZ*FHIJK?FC0.A$.+8Z3_8NFFFT(P!J<M<N!!JPWN
M9&I3I*HJ[+#$6A<C%JZ%"8&MFG)ZZQ@,D+,KKQ^.FFB;AQ:K[;;<FN3K0!W\
MIFRF83I+*P4X&/0K010B@4,'$H1Q@+S=R/M"`SA-:ZVBV7;K[[\`3Z3E:@<8
M4`<^@')*P0%C!!><@@,Y&2I;`F'A00-A=)-G=[`E0)C'#`PP&`+\T#.8`3E(
MBR&_`;?L\LN("O3JE[0>L'!P^!Q0QP'I:H<0%AV0T^>7)^YIY(FI)'"D>7,P
M<E98'SC030$#LPKSU5AWN^8"!NRI:9@.WXS/`M1"Q%0!Y$B5RJTV?ZTIF`,6
M-IYY2'JLVVY=]=,/!6F:_YWUWX`_2C&V$'&`UL&;-FPSPQP$U_>63'FPP)Z-
MA]`X!Q2$P#:M@1Z-HIFX(?8Q"`EP-<``#XPSSCT%0`X`AA+['?CLM/,7(X@4
M&%!NS8H?@+FT94.$`SG='$`.3`X'U_#""^\YAM%B%JDTW:0CD(#UNG5U.@(/
M$/#!`A/7+O[X&JK&E@=#TNJLPPW_WEFB^:`=7$S(Q^1[X\$EOGN@9B8]=^AU
M8T15NK*/R/QC'/T(P<K>5Y"!D>^!$+S+[1Z"A!:!:0R:8YCO?%<'Z.RK`;XK
M3G%B\A*9<.`XR;/9K3;5N2+%!C:)(0SV&N.8T^WC*V$)``'Z<8#W62U8$0RB
M$/^/,B,<@.!$M$+.K?!W@&XT($;R$R$'7B)%X[S$<DQ,'N?2AZ(BE0=)`1P`
M(P8`F3(&(``/Z(<K#E"H(;KQC=AI(P`*()X]>8UM'%`</AX7$0^0@QS$D8`I
MB$.<*4Z1BB;<X.*6I[`3N=!`H6L,#<5HQK&,Y8P!<(4KGEBQ=<'QDZ`D20&4
MYC5-!4=S'"`'/GK6E@8`<@&#7``AAR/"*M(OA<OK5)@"I;3Q.,``HCN/8_!6
M1LB`Q9*N,``#0\G,9G(D5#)#2[G6YC#,X8^5`O$C.8HC2T(N`)##D25-1FB<
M6X:-8;L<$HO&PP#S`-,`@WG,8R#S`+(@8"QA^8?>J-;_JGXY\Y\`70T*+*6>
MA3W+9C!Q8EO\<P!N=F`!'6B`+"4JT6Z.<Y:&-&?^=!DH+_K2`+\\B]-J.,9[
M1@:36$'`/BS#@.`%]*4OW0L60+HL374C<]6D@`<K]LV)^K0!0%T`187:35G"
MQ!0P*6<(<$DK2QD)DL$$)O:*"98T8A*3`_A'&MU3(]=)"*9@A>/`D&480'V-
M4_/3*4$\,)R*$G6H0`WJ4(MJU!*F4HLV\YJ1V!G2D)+.*HP@9@[/&!:L8#*-
M^H#.0QP8UL:^,2+Y\!&9:LJXI?ZN5<,+9UPWR]G-1K2H@BQD.;-H+J.5:&YS
MDZ''&,&52A+VJCG<1_<DT*HW__G3L;C%6D1><,1+*4R#&V3@"0[0T[?&U283
M:$D!)M!95[I5M"=$'OLXMU?RT$VD(!`CWL#"7<,6-BP#V,<^]'$/8-TVM^C=
M%F0%@H0/(!%,-_/=&#`WK7PX5Z@4W:P2EHN#EO17N<R-*SE<B=$2+O6<>GUJ
M.POSU\:(K)B#/:,EKRKA?M!C2_M*KX9=YD`L@.`42.N4N5!Y@)TNX)`-D$!^
M&Z`$H.*`#B]^<7)Q@*_FOE**651>K?9D(G9>UVF[":PQ\\;=8W;WGDOHQP=J
MN^$F7VVQ/@KQ!5/X`AIM4YPK=G%_8<QE'""!R\F-ZUO'F5'C:9%3IB40@H!9
MO<9XI?^,1GCM=R]YR3..`P3J<K*>M3:0!H!`G4-R7J<<UHWW@9"0%05JF%],
MAT8[NM$Q[F\!6AQ7%8N3G(I4(0N%U&-?%H81P+S>];K""",0F2QB.:E)S^@*
M/+MTS[`FEH?+*AX_U0QGZ?+/(0=<D[BVY-&-=M>7O^QH'-2C`$#]["RI6,WI
M<BI0)@K=8@(K9.T5.8<Y[$<]Q<L/K/QC`.-HZ7EC36XYL24\+D2:UW(6''((
MA`XSH<D$'GK<+<<8"1Z@`[[IX`%APQ@'^V6Q4#]+DRD>+VWY:^2*U@G#!``S
M,0EP3+55S=V3%AF-_`C`2BGP:B"6^^-4>D@#/E`@FJEG>0S_<X%[D-#05T[4
MUPT(MKYQH!*5R&/?,'97`UHBYDN;PJX'3GBGB&0@CDG5S60LH[:UC<9+WM/(
M%"8`;64'\JI;J6H/`:D7C10FY^D,.AX(X2SSR]QBZULE2)"'Q=+>;P]$NL9S
M+;C]V)?7A?MOP:&&^%2-^0!L2_CB:"PL&C?YJ\%9_?`9@J8$Z-'.,:EG3^PC
M1P0B2\6VJEC+7*ZY!RR&A<[?/.WZ[O($`JQB08YP[HPD4XM\W)VZ96^>72%+
M/9D^6.]*."RR[<>U.H[XWAN+(/)PK]+DAD3GQ2I='0@A-RT=5R48>]CZ5GOG
MIR^/?N.<Q@"?*RSMRD3FX<J19C+/_V)R$W'!/KWOURXR/O\NVTD\B8'C]KW\
M0\.4`]##?R8B$^1O-D<*<$`,%R5+E#9CF:<2TX<%\C`A"+AO[@)CFS5+A203
MR6-''=4B!B)^")`;"`![W%-5:)1JF(1M]71/VI8Z'$!U'C=_*B@=$8`$I*,T
MH,,BNM0P#.`!\C`_2,5-$D5O-)9S_)9VGI</0CA]-0=I#IA?%Z51FM91)M(Q
M8"153S-D`9!QZT=8^%1G8Y%Q#]`]TQ)_*_B%$B00%,!X,,1U8`)Y`'``+D!"
MX;0``]A?,==VFX<%0@@`";B`\A!ZQD9ISR5(]9-'&L11+M0B'?,TU=,5V049
M3C=[@^5W'?^H;=PS#@80.\L$AI9(&@_A86?1>.!A)B+6*5[6#7DT10"(:$(5
M9EWV@YT7`0FH@&N'!%_V7V(F4>-D5V>V(GO"B0OV,;D!3!Q83UI8>]]EA?T@
M7JA&`.YF>)>XC/0'`!0P``62`"`F'I<"-@#``-&55-XD42TV8R]6<S?7>1,B
M?6E';"^V<\Q5>H1$/Y9U+L_F2/YS%HFA&XY!54\'6Q3V=Q6'4I6A+UY()97H
M1I7X0['V`7-P&R77/Y5B*<C6#1AT')7731'5`(L6;+"(@`=((=7';Y#&8K-(
M$]OTAXN#3D+B424B?GH7<5)X>R"X:A;G=Q+64FT1D(W"6&]$D^3_]A#D8#WF
M<5HE229C@`78Z'\D-$5%!50MMF4<^7DVZ'FP"(M&N%F6-ASLB&`<Q2*)D32)
M80#9HX$;&'L6%X+\V%U&-EBN0"B.LA?_&#@2\Q8XN6>,`4SM5'+YQR*R%"8G
M9#F6LWS&A7F,5HZ`"7KYUI'(!E1366;2M80+UTL((G[74VVF)GC[:'N2&6%/
M9V$0$3O,6!H$66XXP`^D`U*&D6Y?P@`3`#;SA454)$L/Q8<]^&)?EF_6EX=Y
M6&R_QEP3Q4W'4S\&U3R=LE>-)X_5PY7RI(B3>55.5W'KMX@$@):'`B)3LAK2
MR8H5,RKV\1;7^3J\PBKVP57:22UP\A`)__@9-EF=![$R+I6=YFF>F2A'Z/F=
MT+D0WEF=[?F=TVF?Z^DSVCF?VAD1[RE'7_49&`)-[%*@^(F>!/J/-O*>_!DA
M_QDL#RH:%&`]!@!,MU$8)9D*,Y$S"X-"!Q!OX[2#%+ES]1!C,I=OT!>+'2F5
MZ_@2\\,^T",D9A)^$(<8V#-J76%JKV6%%%=G8IE#6^AJ*0@N[I$/S'`"6!`&
M0?,"86"#+T`.3)HF[1DE,VF@K?*?[B%<K:,7&!*AUC*?H2(/)]`WK/@"'=`!
M]0$`)V"F9UIE`$`.9WHA!=$!72AY$.H4YIF="R2@!`&G9DH.[M&E"&&D80"E
MY+"E.@$J>9J@!_]JG0#ZJ!X0!F]BGP/:3Z/R(-V9G^KYITRZ$TFZ*SBYIF?J
M;C0B#V'0-QY@IF,J$"]P`J.*!64:IUZ:%UC`D[QH@7OE?T+2.\'Q`DE%2UEF
M;QP);,#6$J-'BY<6DEG$/)OV2`MV%O!T/5X)&48P88"GC\-H6&11C)E$*/T2
M!O:!;#X!K@]1`!W`$]47`:X*IQT``)%J'VSZ`JW#IH<*`$HZJFK:-_+@IN"2
M)AW0-R>P*^S:I(^Z5B"@`PH1`>8Z$"LA$,!S`N_S`KL"-!CIGZS*#$Z2I!&Q
MI@.AJG1JK__Z`FK'IF<Z1V?JJ@5!L`#PL6KJIN2`L73*%$C0KNX:!C7_.RVM
MZJJMTZX+&[`K"RHTNZ8ZZ0$1P+(&T0$?0+.+99^M2K/[.J=NFJH#`:Y^Y*KM
M2K)]\ZD_4P=F([("\:]*JRXV^[73X@$=<!,",:;2)Q!CJZ:MXP$8^Z9$&QT-
M@!4.X#0U*AYF4B2"QJO1%9&EIVB;]5\T1ZQ'R(?("DCV@W!UIWHE$H^XD8'9
M@Z-@J7Z1L7Z.^%K:NE+BQA!A$!$+"Q&?FTU+VJK@,A`!ZZ8?ZP%I0JJL"#2G
MBS;,`#0VRQ0?:[5SM"LTBX`2(0%\8`%@NAIAZZXOP`QM8:2N^Z^N^C@.^P+.
MVP&2FK:L^[6=L:I-*@\7,KT.N[*[XD=/<JHA__L0*W&DK+JJ!%$`X%NR%T*S
M=&HQK?NOV50?KBJFKQ.P4FJFQHL0'Z`/NA<C1IHF$NL4;>NN+&&\?M2N)_"Y
MJ6J#`N$"'=L9'8"]V$DC`QR_`""O^#FU!7`"Z+LKS-"NVFNV5KLK;<L,B)JD
MB'H:IV`R$3<'#F>!8P(>)X=!_N<PB!1(WY1L-K%S)$JXC$8'0%6BE49(X#1W
M$[@IID6(S_J";D:Y"%"MV19GZ5>%9&E/9S0`KC"K;/L^'SP0=9`:D<*O=LH,
M:$*P+]L-YWK!%4.T-/NF*PLT]<&O7]NZ-1NS4=MY<:L06#``'+=0!6&V!(&R
M$_(9X'H0%6RTHPNE"?\,*F?<-^!*L3_P.&DRIDR*GMT`+J#RI.A;,6WL$UV,
M@"EQJF;,#&&0IN`[$'!:M*I+#@DLOAV@)6X)`!.``!.`@@+1#7]JLR%"$/=:
M9:Q+RJPK#S\@L?!J'U0;!NB;)CF1&D"`NNY1RG!JIYYAAZ]3NZI:J/D[$,S@
M;F,;/ZV#!2C+BFM9%!33%>4'1HK!3L5G2BF45#=64<PU>L:V<S!6HD+<?')%
M5!;%;(RK:6+"(J#33@\G4BI)K=G6HS!I6)AK9.(U#LFH)4[R)O8!O<[[`JPT
MNG.DI%%ZNFK,$Y][`@\!OW%ZMF^ZO`@,JQ!<$#X+TA`A+1'`R@F\>=&KQ0O_
M`<AIJ]'(W+$G_*1H*J7@HB_U,;TI467M6K2[TK017-)C.LGN,:9O$0;0_`(I
MT3?O4K\&L<%M464>O;).$K/M:JJ[$LGNJLQ2"LCRD,(540#9?+8O?:8;#+`X
M\;9S5'W*VZYPNJ;,4+2P>L'J2JI\8:A,^K^HR[Q/,L(!2L`"@;YF6LA1_;`X
MK2^BP19U&W&4;1XM,J-<=S/Q-3_:"$[X=5S\E5QT,&/WK'W+9DA!MTB_R6DE
M@B!;24/T\!AN]L1A>8_8FGXA>$E&L`^99%Y#NGL18K%6*A%4"GRL`DU0(A25
MNGOY>=RK83Y^3-QEDQW?"<O!0Z`9QMQM\I8&D:EY_Q:=MMQ`!^$!/P`L?#'-
M>G&>!1&0/]29<D&E!P`9@87.B1$;%H2+:-;.],.7;36BR17//!=@\Z8$0J6.
MF+:L"A,F17):SUHWI2-,D7%J(+B/)T5GRKF%3QP`7^$*9(/<,7,1V<(DP#<7
M`UFP&G%>SQD4$?*6$SS.V3VHYKT0U&GB#,'>U)RPJ^(3'R"Y=^LQH=-.1Z-+
M^(!6R5.4WC1FS<59;IAB$(A(EH-72(PTN+IF?^4TI$:M7W%Q@I=#'R!G^JBY
MQ*@3#CH0)8[C-9YG]1GC'A[C)]Y&:7X[YKTFV5&ISLWFZ0VATIG!*;XR-#T1
M_GOF&8:@U-SGA`.?/_/=O_\-380>%Q&2#RDUN2^X8!9D0?"50A]*/U?FV06>
M8OF%7Y;V4);631F5F$*G*0L.21\3:M:3="NIT!FNK5I.X3OZ`/NP1I=ZY]]-
MW79.X[MNYKPN$B[N$.O]Z[[><>^9XH52W+QWZ-.-WFL9G[]=['K\:G!.MUA!
M0S[^5Y!TWX*VV;N95!P`@4P.5Z%.41(P`>)$',IJ'*F].TX%))XF.KLA:N9L
M3']GF9BDHU<XECMJEHH5[)L9\!;Q%MT`%HB8/0.]B7O+MTA,Y)5%/T89@,7!
MZ:R)P][T<T"78QM%)GL%&R`5FCZ^=Y6;N;:7G!2NK?=86)LDW@+?\D"1B/0(
M9'7_PWH]YEN:74W9:$C\S>1M:."!Q([+>@!VM'`>95V$,3+78WX5#G79=IRV
M35CU5,6LAJ@`[_)6C^@1``*1>?!_Y3$/UW@+/H/L9NG[?4BU2$CP,D[;-$Y(
M!?0IU%2.:X'B<?1(PI7TOAO'%);5"A9QAN^YW?1^-Q9QI@_)>/6&/Q)(0`"F
M]ABYT?@.9]GD$>1G%5^7@T7@7DN!1$L_K_-Z:3G^QSQ"WW7`6=_7);E*__04
MAVI=SN4!H*->ON_<Q0^IXPH2`-F'?_L:@0/C`'OS=#UL!D#C<33.LG_S-5^G
M]+<Z?TB9CTBGIY>C"%R*^<\]MF8A+[E<:4:7RY(5)\6P_[[EJ!;K8_$`&3<.
MKM`/#L`!^#*F;_W62]W^[O_^\!__\L_!ZD__ZP__]T__^O_^][_!_E__`'&B
MP`F!!`L:1)A0X4*&!QT.)`A18D.(#QM>Q*BP8D6*$0L.+``2Y,>#'!E.+.F1
MY$B5"U%:5(ERY,R5-1UFQ)E3XTJ1(4,"`!I4PC@CC!`<=8#```('(!*`<)"`
M@0,'4U,QH)`J%04*8R@<^$J!@]@#'$*8Y9!6`@<)9]6Z37M6;H@0!\#>'8./
M@MZK#!A<32`U0=.D29<>17RT7P#&"`(X#K#X<>,`1B@O=HQYLN;%_"0_>-RO
MWS@"^@B4)GV:0.K5JEV_AAW[-/_KUK)MW\:=6_=LU[1QT_8=._CNW,!['U=M
M//EKULV)/X<>G;ETZM6M7\\-(`+0[100&$%L%`$(!`F4#D9_BH%ZK7O=[QUC
MET)=NP?DFKV/]K[;LV,XV(WOJ[RZRNHO`ZM"$*JGD@+!J*02VPPRS1"03+,`
M/F!L,LHBTU#"`$";#+1]`MBGQ!%)+)&Q%%$TL4477WQ1Q15?_*?$&FV$$<8;
M<]QGQQMW[-%%(&<DDD<393S1R"1I5+))))]D$<HCHV0QR0R+Q!%'$FL,@,L>
M242QRB:#S)+,+[6$$<DQURS33!]-'))-.=E\D\P`EC`QJ*!`Z&>?\!!@A)&G
M!HTJ*JO_'+CJE*RZTLNK`P+\KS[])N4/O[/L>U0^L`C$9ZN^IF)`,/2@8@K0
MQ!`##3+'P,O0,<@T9#4R53N4C,+''J#P@7Y>S;!77W\%-MA@7^6UU0TU%-;8
M9(D]%MEFDX5666>C];58:I?ME5=KK[U66V69Y198<)$=-UQSQ<U6VG+/95=8
M;Y&5+``]@0*ALN^.,@]0!YURBJH$U&-/J_:\<C2L^NK;C]*R)!7+X*Z\\K2O
M5!)(1;W`HG)*T$#-$R_7S"0$F3'.--SU,@\C_+`?T'25=5=;;749LYA#H_EE
MF6N6^6,.8=;Y9IMIWK5DGW.6M6BA>W9UZ-`4PQGGS&B6]6>;_Y'>66D*>5XL
MZ*6K?EKJF)F^>FJQB2:[Z9>-_MAJLKLFVNNEIVXY;JWGQKIEJH]&.V\,KS:B
MY+UW[=NQO[_S>^G`+]RZ;)UMU3,">58]M;SRS$.OT*@F3@51K+9JU+V##Q8K
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MT(G?>F,`OY@A),*Q:%@4&?OTV#\S]K&`"'QCB+:EQO*YD7V:P=5GP`C`Z?W.
M60H\(+/`B$3XT6]"@%2>'QWIQDR^BI)A!)=V1.F!/C7&5`.0G'F:$ABH7(YB
M%-/<HL;`.0)QQ88RC$]]#)9#%\XR*ZW[8:@F-J@&%;-CJ/I0'L>H//[QCXW5
MZ]XE=V7%6SW_,(^_VA\4>25-,EX39E"\)-".Y2'X?3./PHL>!<$8/#9F;8"U
M<B?RQAE/<\*+0_&\GCC/F;U[@M.?VVQG0.&Y16!E<Z#.3%>VT.G$>`+MF^Z$
M:#^[]S1G0O*:$=UG0S$J40EBU)P!!&`_YN6!!^Q#-,M+C'D:Q`BH]&LP"/*+
MQ/[RPKV`A:9XN<LN;;JI]W@**XA"8<4*I2`#)(5CB$&E(_7(F>\\DYO,7".X
MNM>J2Y)/DWT<7]XX>4@Y.B]DY*+?(KMZM?@5[WG>DB3RA.9-=>;NCH%\53ZO
M.E`\OM5_F5R?'>]ZUCY^ZV9-&R!!WR>MOG:RL.Z[WEH-R[Q--G:K_TV$*P3E
MI2<D]"EIIR+/[&:7@*(.!H6GR)R!#/1+'1*H8*H[0.?PX<+5\J5`%`#M>J9"
ME4*QTD'C,14"!E"_D/$.,I9YJSTAF-6.AN^0?(2@'/\:6>==\YGR--__TDK<
M,BJUFT_%WF#=.M;C!5"9<<0D.L-9W75.+Z[-':S_]NB[;*:7H>`EX"/7:,<]
M3O192<S>'_^75X3.\;QWW2YCYH6$!XS#,XD\R@?"TZ!2&<"EH:(M3'D8L?=P
MQ;06KB577!NQS,'V4"BL'`B"R`@#L#2W1P&/6.'X/#X^UJMYG2X@F8JR]68W
MI`%N7G`5RT<6)_;%QN5O)GO<W"=:UX!)//\9,WN[Q;$N=,9)G)"%?/Q$*@<V
M?.7$:ER_>MSH#O!DBITH%^UJXS:N&*0%1%]9T:QCZGE7GT6;5P,(,"(0N2HQ
M($#E4YP2Q,H))K0QC:FG]H(/FKIG0(W:X2__0@&_I##"?5:EY$IUJB[[SM)4
MA:8RVPN_XR7VC-^=EK=F?&1O:K&KF1X7(^7;1"GSMI^&S"=VO\NVPH)/UH0=
M5Y%SO$XP)AEW_GTN_7X]/H3"^'<^:_/YQ@O9O(Y3J:R&FG7/)D\&<GJ/YS-U
M7N=5@'&8-#((CMQ15>E2R\%.<SQ<M*=HVJE%45A@OW2`AX-JL:$&L3!*J1WN
M&`FN2Q\YK54NY+7_UTP]#:+5OH8=:""1G60Q-QR.D"TRWJY:UR"7U=A*?=Y?
MOTIJ&O^5Q>OSN"&C:N6%=I3@[GNNLY&<4`RNO+MQ,UK[@IMC+;IZJOF<(]YP
MKM?OS@L'?9KFMQ^#&`;/[CR!Z?-4I'(51)U[A:1M3^O:$UM0R;;IM1UJ`C8F
M::.0QXC9#JCO,`2K`EIFK3:?9V#/KN7(?KJQ(W,[>Z7M[V</V[ET=:M?U0YE
M35L/K9BFM7FSBN4<JWJK54,N6$\N]TMW'*]7#EZ5HQSJ46O3\D#NM7G9R5TF
MCQR_'T\HF*'&3:#D`R@D]?:'+IN8`:"2/"QE*<9J"V%86EVV$^ZAQ!C-_\-[
M5"QSO_=7\#F+]"$>5;<04F_F'P-<X/INS*BN>W_7./@L\E;8_.1WIIWM::<"
M6)/_S:IW_QU@8W,O^W5/:.##"NIF/EO8W[/6QPW9^$A&F^+S%9Y9FP5M^,_/
MGE)--D<*/^`Z.Q9S%0(4'*@Y/Y#3D`'K$P<*`'Y`J<38.JUC)=E[*=I:C]!*
M%-GRBQ6*J10"/@=`(4.!-(QQD"+"%R.*GD:R-.+:M<EH/I&QC&GSOC*#HO1Q
MOH+"O+SIO)C[-*EA.9I30+@[.(520.^Q+Q_K.UIS/L@[LSL*OTW:'_\RH/Y:
MLOO9/*=:JOY9/VQ+.,9Z([AC+OPJ,RA4%F0CMO^\8Y57&;N7RY`:3!\FG+;)
M&+"2"KJ4>1E^.#Y42B668J6+<0IS\R&JL+J*.43V:+K9"JW7P3K;HIS6DS3D
M<[4WZAN+4[%/`ZZ8B[S-&Z^:2QX#+*-M@C@]ZB)G";D(6I<84Q^42ZOVP:MF
MXS'X>I<GS"Y,^K4)DCD&G#CSF;$>S$)@JZ`=8Z3!(S,NRRZ(([7L,[LK`Q<Y
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M0`+%^)(KBRHV&5.OCENU]WO(A*RQ8%0X7</%QZO$Z_L5B^*>MRRUEBO&65RO
M+U1)BNPT4E2S6;.\"@JX66PJSQ-#D6LO_*I&H*`'T+BYQL"5L$$J$AH/RB%*
M!8F=V3O*/L,ZJ-0S$R(/VLFL8_K'`PHSE#&[&G3(E#,NC5PX./0RF7P^?LO-
M_QTLK_+1.*A9HH1S-EM$P\D8.[I;L??:/\1#G%5KPLPT-6FBLN>Y2+Y+PN`R
M(_N2(-[DI*<R1I(TR4OK'?@ZR5);,D,:.^`!#Y<LSX`:O??\OOJ9%P"H%\=*
MF<T,&VZ4'$$Y#Q#@EU5JBB!ZL*1#T`ML*0/5NHPACP<Y%:.@,1J;/_([2)!;
M0.6[O`Q9HLJ8D!E\L>_$M=&#I@L%R,?$-(P3OVX2.6C\SN)L#,M8SA(-P-\2
M0);43^=:)N'JQ>S;N%?$(V:Y("S+T;.30?\3RYI$G)R[44"2P<78Q#ER-8NB
M3761KVSCG_MD@/82OU0Y%=?SS*EDBD!T,`Q\1*S;,_\&W3,Q):+::4%4E"]]
MI,WDLY!+U$'>R1LQTR0HQ5,CPQZA.<_+,IN4-$M;?$-!3:\I#$624R)[*;4W
M/#9^:K5*[!GMBDY>M"K<I#;+^TKH!#L@=+C`8ZP?E4^$5$XDO;MU^H`1,4GM
MTT+CN42:TZ^._*T$;$G=\;57$:6@X``\+;);49FO0:H!,+%)TYC96:7APQC5
M)*;`4-.F,#JC"E.O8\'=1$.WNR8[O3^P-*-+Q-.T9,#%:L[_LM*7VS?KJB!3
MM#PE7<9:V42^RAUM33]UQ8QFC%7"6C[$<M*_>Y_P.1S8;#D9NSA8P3X[73O\
M$MC.>Y7#T<^%S5?LR\B;(4#_P'2K]9O-+O/0O))#[2N9Q@&`"9BS2^O2H4,J
M"CP*\C@,!PB4/6-9V;G`X0NB,A53!CLJ1O##R.FGX]R0>WTYO"K`F>PW6<2K
M#JU(.NV5B^0>>LRV]JP,@ITJL;.72YK19-/*/#I/8].,F:31L1L[>>4G#<&0
M9DS"/@5;QHA5S7C#KDW#_U.JB:6_),Q4R4!:W9R_I\51S;M47Z6JKLHJIEU8
M/(++)JM)<1W)5>FN,$2@^\0"`AC"R9#`"`S6HP@`5/)#KQ./HWH0$Y-6`6U0
M$<,WE<HLW'J]$\LM>NQ+YVO/*90XD(G2@-56@R6KBGK7-'M&P,&XIB47X'I#
M;>73\EZT1+7"759\*]M=NWI%&SF,%^8SVT1U'U5I7?*JF=:=E>9K/C(40^[+
MO+-#7K-]VAD<(QB-3L,M/&*YU_IKVNO,'7=MU.5M'YVKV%5Q5\+L2^@#N!BM
M0@'3252HTB?$S#!*)LFULSLSE7PA%08Q)I4"T*>`O?(P,:,0#SP[L10S6-N,
M0^=$%B4-Q3%J+'0M/!DL%B$,)^X2U3@4UZ>ASRY\*^8#..94N6:SEB"%ON#-
MOR3DVN4UI'N]2+%].$>U.!W>'>WR7IHQ74#R6@K9Q"/=S?J"/,#2'76M1<EH
70[D]7U7,+A<=52(+R[_T-?X*@(```#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g46432mmi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g46432mmi001.gif
M1TE&.#EA\`!$`/0``/W[_<W*SEM,:THT8X9LG[:?R;*PLW!7BL6QU"TK+:B/
MO(V+C]3%X#TI5/WW_O3S].?DY_W]]YI]LO?M^^'5Z_?S^>WB]/CV]_?W\?KY
M^O?Z\._M[SX\/]G7VO_^_____R'_"TU33T9&24-%.2XP&`````QM<T]035-/
M1D9)0T4Y+C`@)/GU<@`A_PM-4T]&1DE#13DN,!@````,8VU04$I#;7`P-S$R
M`````T@`<[P`+`````#P`$0```7_X">.8I0!'G!Z7J9%7P0#SD0Q2*%(/*\4
M!89EX@#$,*2D<LEL.I_0J'1*K5JO5%8JP_H\6`"4#;?K210_H%IA0'0@E3!V
M3J_;[_@\%&S\M%(.-0PZ:(4%"!05%R@>,A$L-1L;<7J5EI>8F55A1HTS#A:#
M:S]"1%I\(B<C*GV:KJ^PL5:=`!=%`!.B:P8,%8T:P"M^*0`F+S`RLLK+S+&=
MMQ,=:CF'%&&.,AH.%143$Q4.'D5;&,G-Y^CI=&&!N3D(U`P3'@]%H#@Z/`0$
M/@BEX1]:J1M(L.`(&2PLO*.&R,$';11RH#$C8=^^`Q@/$"A``:#!CR!=(?1P
M@8LG`!2`_\"#%^!!!%`1U1`JH\]BQ@,"#DCH1;)<!!IAB($)2;3H$Y-!4XC#
ML1)>1P`;8L(;1;.B10(W!0P00(`!HQ6G6ESP8+2L61$H@LIQ('5E1P<0F#:E
M:N;J39Q:!TBPX""#ES`/QJH@>[9P2*4Q+OQ,V101KAM,Y5*;V>,JUKM;!QQ@
M0/)1"T8I#(LV*.?#";@+X7F-QJ!UZ\9T:U[.FG/`@`8#%%3X4#*MX-'`U0$T
M`4#AH4/^O+E>_GHJD$)U;=+.C%M!.``/5'PA'+S[,K^L<B%7/21`:\C,5XZ*
M?C&C@+RV;^O],CBM]_O+%J%4>;PC`_/HI><<(>S=]1Y\\35@P/\7@H6&WX.:
M1#!6#3(!(0]S&#8WV4252>?>>_$EB(`##R"1'80H8L)%!;JH!)D_&;JFWG-5
MV64@@K8U(``"C?CA5XI`YA&&!6C(Q$!$,,:HX7H=MC==B#D>0(1I&@1I91U<
M.,!`(6G<H)J22]+(WFP8'0AEC@T4@,(+5[9Y!1=$<GG((%\J.:.839*)%XX)
M#M!1!%6Z*:@4-#!P!I=3^9,DAG/16*.'98(()6X--$!`7X$.JFD3N!1PQJ''
M+80#HW=2)IN3>YYY&Z4-6+/IJTQ<`,&GH$XS7F.P.9HGF6:&6.FOJR[@P`6P
M%CN"!PA0).=Q#&P``022(#D@90I`T,'_M=(<P)%KYG$;P+>M??LM"S]RD18Q
M:G'"!PICD<2(0"2<JU9`],I!+ACT*+4(OF%UP0DKIA&S@DG]MGO*!>V"!EI8
M*(@`!A?;F4N6*G)@=TI::FE1V@/".."I&5RF$<2ZTLH$G01JFO0!`@>,^.^]
M2`6BE!$8$(;""4GURS`78*FK\\5#D=5*!C@#UB[1)0FE<Q_^]L;Q%C_SL<)7
M#QO<;T!IJ3(P4G_Q]J-8"Y-T,&'$DI6=!13UL*Q7,Z=4(9<\%-`("Q$@L",`
M&%SSD`P8O%!E-L<0IY36[ZI%M,)*Y;ONOQ@GQ3/1&8SE![OO@L4SNHQCC8I)
M@6'...6,/+U(_\)%,\X=UL,8'EK%9>^K0N38W?S9%Z:M0@$_%JEMB`((X.R'
MVXYR>(8#&)Q0]]TT**9"##'P'0%]L=\23O$_17UQ&.VVN]L2B6/\(R>IT+="
MPC-;#WXM[*X;=5))"X4POP6CA5:#G.!,3"K\(FX_/0&9R_$'#,#=/I15"!XQ
MSP-;FLG)?%`,LM1-6^=A0`<@$P!V96E1R[$`/0"UA:DEY75@H`_4/L<)P2`M
M-`ACA&""\@7_\8P5),Q.:8R`/=?)\',C9`$$T,>"L90N<\0H"6]\F##>`,8(
M"?L*"D28P@T\("`G^D`!+#-`W?&N&#_14LBJ4A$%-$(%&K!;I'PU`/\&%.$#
M+/J5&JLS`6)M(``&B*,<YRC';_DB`W3,HQ[C&(`A?@`"<^R`V'P3E`WL\9!]
M9!`7(`#'0\XQ`!M@078R`$A'YC$`.]1")0W0`1%PK#Y_H,=8+B!'9\WQC0X+
M@`*HR(^T(0"++-C2`CND`%H\<$^]:H!7\(;`-5;J-M8!0`<6D(!B&O.8R$S`
M`JR5S&8V4P"\X0TQC;D`<[V,)`9PIC8YL(`4C"4``M!F,KFY@148()SB;"8'
M`M""!V2SF`OHY!.],`R>C64#!S`F)`U`@`5PD@,&N$`'!&`5C%B&(@5`AA\,
M);SH6.<G&8A``3Z$(S/*(`,,\"6E"!"'=Z;_$YD&@,!'G7F`'P6``PG@`$HY
MT('!$$TH`1AI,COP!0CD4YPH+69.JPD5=.8TG3\5P`90D,V=;H`W9-E7@S8P
MS6)6$``&J"`$%A!/`RR`3*S4A]R2`0!#I<TJ^_!B]5:6DUXE2)!RR*A&!T``
M(S25`^^!ZX'F2LV!JO2N<#TF7O%*`*6@\SW%%(!8/."+M,34F'--K`!^F@`#
M&*$#.DWI8O>ZU\"BH`,K32EE*1O.G`H2CR"M!3T:]@6.'3:G%?3``M@YS('"
M44\:.>A&//$!+:6-BF)MF-W,>M;[J56C;<7`3=>Y!:/Y$)PJ[28<+J`(9VT`
MG<I\0`6D^X`'#/4+_T5MK`)2VEB2^&)FATWI#D<W2AW>M+$G"&\"(.G$P%R@
MNM4E`&)9$%Z6<N.^]VWO&W^*UG?^E)VPBQP]3QK9]9:$DW\T0`8ZR<^[&)2*
M6Y6!`Q#`2KM(X(MD*<!<SZ1+WVJT4FW]P'D[22S0],8#&T!8)*TIN\XV5G8O
M'0L$H!L`R`86`BTH;`KJ&TFH>9,%374L`-0;`-=A[`L+@"L'#H""^M[0="NP
M<3'[&UF4"@"MG3#-<PN\7A0,E3=/],L#8)L1RT2XMA2N\$4D4`PY%&`K?+H-
M9^00@`^SM1@CKMBY_M"@PDK78@"`KF/_4!\`-'4!0SVT:,%K3`X$)G;Z6O\$
M,5%J`!$060O[DF0+G-AC838:QS\[G$B-*4@/^#>?5LZ7$0(S7%1WUU]&&"JQ
M+I,3!\?V`&*=09I9F1$V_\0(;XZSG(D1@3I_N)MCIJ8_EVW5!2C`GW'$<77/
M11]!8\]<BX``7%<KL0`L8+&99+1.]UQ:+EQ`OI0V`I%5D,+!D<_<4N9`CPMV
M,RDGH-3^G3$U^?R!23?6WP;X3!B(%N8'2*"LMKY)+;G*,LLXV-=N5E6"YEP,
M8VMT`<5HJDP!JK'L!9J[@R9T"_(I@-6*S0/##.<!WF?81E/UV5:-.54S&U`/
MK#MG,',=T>(-`2:\"[(JO3<+_/L`>U>3+!Y=>9#_A4("52B@K'.U]<)UK9&$
M8P3BP);XJN;<"(NK$9@.(;!,X=FSRUD;#!7@0G;AF6C&!ES<&W=J&"Y]O47C
MZ[(ZY<`.29@4>^-;IX+TJ(&U'=A.-I6=V).D*CR@8<5*W0@2GJC5<8)U*6J]
M4EPO]EH'H"88G'.SFRTFDW^LA0<(^L<0@RYJ;9Q9#LA+O>-\9L\S<'.,B5RT
M[!*[WD.M!<R2>N@ZW?M;!ZI/TQP^:",P%SA!E%B<X$4!FO-8K2.U80(081L`
M*`!N)-YAP?S6EPPX@2U0#"WG2N+\S_KK!_N0`1<[UH2J;::SY<_HE5)UYII-
MP`'N7^1\"9Z=MZ<^KN-[_REU5-P3$"C7:"UE:L''(*Z64QPW%D%F'TLP8\SG
M>.\A`8M7`=+P`UM40#1`#&_&8;_21S\!0+YD&T(U6HD#!N23`A7P5^^%+\3R
M`6<W&(0'@8&E>MR5`!"P+_7E0S8'70(`8-M!#S$5=*DE+SW4;%1%7Y_V,S2T
M8$&W7L`G7I^Q`8RE3.^3`1/8!4O@`'@1(HK%%2K@"'P7"$50`9$$*!J0`0J@
M=;?1`=C@=6IT*39W?X*$,);S4NT76'\`%B)P>H5U`?Z&3%L861A'$CPF%,1'
M381T`>LV,TN$`DTE`(N0A`6X/DT&@7\G7H-A<Y%U`'N8`OX&@/!R+''()\T7
M2?\7X!/$<4V>`#BF<0#;YRLEZ`@:8(?;]WZ')B[`&(PY)5@]%$HV"'+G$EXE
MQP9H<'_.1E4].&CQ)D,F85?&1`!#)5J:V%C!&(RN)EB>IE-1U8W!:`#\=0+Y
M9BY<,$U7IFJ&ID]#L01=E1D2IQ4"H``K]HHS@'.S6`YHA`#RH2J5(D@_$0'?
M]TL"0`'8U(-`94PK1S#"X'[V(VC?M2)()`(7X&(K&(2E1PS0E0#MB!U`EXB(
M.(HID(-QEU,X!EHJE8V:=@``Y4,K<(HJLP018`'"!B7W^!:WP'<T$`YLH6%R
MB!MF)#,,L"JLPF2FX7LDV6@%UDU'`X:"%CD,B%(K%T3_Z,(=@N=%0+>)"*,?
M[Z5QC346#S!<0)53@[9E#"E3*\B`6%A:+/!&^#*3^D2!2O`2<2B'9*@15*5F
M=J$5MRB0#1!;%_%UMR$WBA$!YCAV"4```(AZ)'%>;T>`+V82AT,8AW,!#W@M
MC;9B.E1Z8HEH"[98&[<`<3!T'SE2<%5JI!1\-*@]H_,97UB#=\D6]*B7:!*8
MDX*4N(DFQ61G"7D-,+`!'?`MUV*<V%)C-?:#*!:*W*&<D!0YC"0N[`,_-/0!
M;R0NDW"<+;4((L1"Q5F<W[(OQ"DNQVF<RGDM$&`2Y,F=V/*>X1F?<?!2;U2<
M%O,^]Y(^*,!(Q7D"M,,$@4``_[C8FP1:H!_V2P.P(('H(,;2)M^D([F)H`4Z
MH8*Y1O+1C@+#/PUZ)4%1`0(J`"E(H2(Z*2%:2Y1($AO*H<2`DPERH",ZH6LE
M`!J4:5J0HE8B-#2@`!!ZH,#RHKAIH0,`4+=P"JI@HT!B!.!A`02P?3QJF#Y*
M@A9JFJ!AF:EHI/>!`N6P%'G1I$[ZI!$*+`>@D)Z!<U8*)!'U/#0P@DC)I5[Z
MI=N'/&\X,[]1IFZR`/+!I4#ZHA:*&P&W/'1J+!-@ITR*IQ(*H[]TJ`)0`'%`
M+//TIZ\"`!6P`,!"J(6JERYZCQJ4`4A0I8[JH(0EJ&[*HS\ZJ89I`+[@$O32
MJ:]B`K3B()2L0JE[:F=,NB,E]C]HI*JOPB`5`$X!":MXVJL$T!'T<$,M@*N:
M,C'F<CL@^JJ^:F<JJ`#S`"^U8*R:PBXQD!U:8HLYLJ;-&I@2\!3)P`6:\R/4
M6BP.8$C:VJ*$NBKQP14(H&/,4ZYE*@Z!0&%WJJYKQ:1;L1-9TS"<*J_%4C,_
M*4S\!)CZ.J`JN`"(\%WK=SH`NZ&.@(!I80$!4`!7E14/)@&\,`%!$0'^&`/O
'\K!6$@(`.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
