UTSTARCOM INC
EXHIBIT 10.57
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<TYPE>EX-10.57
<SEQUENCE>3
<FILENAME>a2048027zex-10_57.htm
<DESCRIPTION>EXHIBIT 10.57
<TEXT>

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<P><FONT SIZE=2><B>[***] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
RESPECT TO THE OMITTED PORTIONS.  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B> <A NAME="kq1746_exhibit_10.57"> </A>
<A NAME="toc_kq1746_1"> </A>
<BR>    Exhibit 10.57    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_utstarcom,_inc."> </A>
<A NAME="toc_kq1746_2"> </A>
<BR></FONT><FONT SIZE=2><B>UTSTARCOM,&nbsp;INC.    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_amendment_no._1_to"> </A>
<A NAME="toc_kq1746_3"> </A>
<BR></FONT><FONT SIZE=2><B>AMENDMENT NO. 1 TO    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_assignment_agreement"> </A>
<A NAME="toc_kq1746_4"> </A>
<BR></FONT><FONT SIZE=2><B>ASSIGNMENT AGREEMENT    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Effective as of March&nbsp;2, 2001 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This
Amendment No.&nbsp;1 to the Assignment Agreement (the "Amendment") is entered into as of March&nbsp;2, 2001 and amends that certain Assignment Agreement dated as of
July&nbsp;24, 2000 (the "Assignment Agreement"), by and among UTStarcom,&nbsp;Inc., a Delaware corporation (the "Company") and Stable Gain International Limited, a British Virgin Islands company
("Stable Gain"). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_witnesseth_"> </A>
<A NAME="toc_kq1746_5"> </A>
<BR></FONT><FONT SIZE=2><B>WITNESSETH:    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Company and Stable Gain desire to amend the Assignment Agreement; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Assignment Agreement may be amended as set forth in Section&nbsp;9.5 thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the foregoing and of the mutual promises and covenants contained herein, the parties hereby agree as follows: </FONT></P>

<UL>
<DL compact>
<DT><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><B>Amendment to the Assignment Agreement.</B></FONT><FONT SIZE=2>
<BR><BR></FONT>
<DL compact>
<DT><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>Section&nbsp;1.2
shall be amended in its entirety as follows: </FONT></DD></DL>
</DD></DL>
</UL>
<UL>
<UL>
<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>"Average Share Price."</I></FONT><FONT SIZE=2> "Average Share Price" means the average share price of UTStarcom Common Stock, calculated by
dividing (i)&nbsp;the sum of the closing prices of UTStarcom Common Stock, as reported at the end of trading on each day during the Valuation Period, by (ii)&nbsp;[***]." </FONT></P>

</UL>
<DL compact>
<DT><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>Section&nbsp;1.13
shall be amended in its entirety as follows: </FONT></DD></DL>
</UL>
</UL>
<UL>
<UL>
<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>"Valuation Period."</I></FONT><FONT SIZE=2> "Valuation Period" means the period covering [***] Trading Days immediately
preceding the Closing Date." </FONT></P>

</UL>
<DL compact>
<DT><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>Exhibit&nbsp;C
to the Assignment Agreement shall be amended in its entirety as set forth on Appendix&nbsp;1 attached hereto. </FONT></DD></DL>
</UL>
</UL>
<BR>
<UL>
<DL compact>
<DT><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><B>Miscellaneous.</B></FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except
as amended by this Amendment, the Assignment Agreement shall remain in full force and effect. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Capitalized
terms in this Amendment not otherwise defined shall have the same meaning as in the Assignment Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This
Amendment will be governed by and construed in accordance with the laws of the State of California without giving effect to the conflicts of law principles thereof. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK] </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have executed this Amendment No.&nbsp;1 to the Assignment Agreement as of the date written above. </FONT></P>

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<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2>UTSTARCOM,&nbsp;INC.</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT><HR NOSHADE><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Hong Lu, Chief Executive Officer</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2><BR>
STABLE GAIN INTERNATIONAL LIMITED</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT><HR NOSHADE><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Wang Jin, Vice President</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_appendix_1"> </A>
<A NAME="toc_kq1746_6"> </A>
<BR></FONT><FONT SIZE=2><B>APPENDIX 1    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_exhibit_c"> </A>
<A NAME="toc_kq1746_7"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;C    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kq1746_shares"> </A>
<A NAME="toc_kq1746_8"> </A>
<BR></FONT><FONT SIZE=2><B>Shares    <BR>  </B></FONT></P>

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<TH WIDTH="37%" ALIGN="CENTER"><FONT SIZE=1><B>Purchaser Price</B></FONT><BR>
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<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="40%" ALIGN="CENTER"><FONT SIZE=1><B>Average Share Price</B></FONT><BR>
<HR NOSHADE></TH>
<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Shares</B></FONT><BR>
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</TR>
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<TD WIDTH="37%" ALIGN="CENTER"><FONT SIZE=2>[***]</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%" ALIGN="CENTER"><FONT SIZE=2>[***]</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="CENTER"><FONT SIZE=2>[***]</FONT></TD>
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<FONT SIZE=2><A HREF="#toc_kq1746_1">Exhibit 10.57</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_kq1746_2">UTSTARCOM, INC.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kq1746_3">AMENDMENT NO. 1 TO</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kq1746_4">ASSIGNMENT AGREEMENT</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kq1746_5">WITNESSETH</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kq1746_6">APPENDIX 1</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kq1746_7">Exhibit C</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kq1746_8">Shares</A></FONT><BR>
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