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Prepared by MERRILL CORPORATION

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[***] 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.

 
 

Exhibit 10.58    
  

 
 

[Translation]    
  

 
  Loan Agreement    
  

    Contract
Number: 2001 ChaoLiuZi No.005 

	Lender:	 	China Merchants Bank, Beijing Branch, Chao Yang Men Subranch
	Legal Representative:	 	Xiu Xiangqun	 	Position:  President
	Address:	 	No.6 ChaoYangMen Bei Da Jie, Dongcheng district, Beijing
	Telephone:	 	85282361
	
Borrower:	
 	

UTStarcom (China) Co., Ltd.
	Address:	 	Fll No.6 ChaoYangMen Bei Da Jie, Beijing Beijing
	Legal Representative:	 	Hong Lu	 	Position:  Chairman
	Telephone:	 	65542030

    WHEREAS:
Party A desires to borrow working capital loan from the Lender for business operation. In accordance with the related laws and stipulations, in consideration of the mutual
promise and to clarify the rights and obligations of each party, both parties agree to enter into this agreement and execute under this agreement. 

	1.
	Variety:
Short term Revolving Fund.

	2.
	Loan
Amount: Reiminbi 50 million.

	3.
	Purpose:
The loan is used in working Capital Turnover and can not be appropriated for other purpose without the written approval of the Lender.

	4.
	Loan
Term: The duration of the loan under this agreement is twelve months which from March 14, 2001 to March 14, 2002.

	5.
	Interest
rate and calculation of Interest: 

    5.1  Interest
rate: [***] 

    During
the loan term, the interest rate will be adjusted in accordance with the provisions of the People's Bank in the event the People's Bank adjust the loan interest rate. 

    5.2  Calculation
of Interest: 

    Interest
shall accrue from draw-down date and be calculated [***]. The due date is [***] of very month ("due date"). 

    5.3  Payment
of interest: 

    The
Borrower shall pay off [***] interest on the due date. The Lender have the right to deduct the interest from the Borrower's bank account in the
Lender. The Lender could collect compound interest in the event the Borrower fails to pay the interest on time. 

 

	6.
	Repayment
of Loan: 

    6.1  The
Borrower shall repay the principal and the interests pursuant to the provisions of this contract. 

    6.2  The
Borrower could advance the repayment with the approval from the Lender. 

	7.
	Guarantee 

    7.1  The
principal, interest and other related expenses are guaranteed by UTStarcom (Hangzhou) Telecommunication Co., Ltd. and issues an irrevocable guaranty to
the Lender. 

	8.
	Rights
of the Borrower 

    8.1  Draws
and use the loan; 

    8.2  Declines
other terms except this contract; 

    8.3  Assigns
the debt to any third party upon the approval of the Lender. 

	9.
	Obligations
of the Borrower 

    9.1  Provides
true information upon the request by the Lender including all bank accounts, accounts number and balance of the accounts, assists the Lender to inspect
review and check. 

    9.2  Accepts
the supervision of the Lender regarding the use of loan and the status of manufacturing and finance. 

    9.3  Uses
the loan pursuant to the provision of this contract. 

    9.4  Repay
the due principal and interests on time. 

    9.5  Assigns
the all or partial debts under this agreements to any third party upon the written approval of the Lender. 

    9.6  Advance
notice to the Lender when the Borrower involves in contract, leasing, joint operation, consolidate (merger), liquidation, reorganization, joint venture or
cooperate with foreign company, equity sales, share reformation and change of business operation manner including but no limited to contract, lease, joint venture, acquisition, liquidation, present
and conversion into share company; The Borrower shall cooperate with the Lender to make efforts to make the Lender collect the principal and interests on time. 

	10.
	Rights
of the Lender. 

    10.1  Requests
the Borrower to repay the principal and interests on due date according to the stipulations of this agreement; 

    10.2  Requests
the Borrower to provide the information related with the loan; 

    10.3  Knows
the Borrower's manufacturing and financial status; 

    10.4  Supervises
the use of the loan in accordance with the term of this agreement; 

    10.5  Deducts
the outstanding principal and interest from the Borrowers bank account; 

    10.6  In
the event the Borrower fail to perform the payment obligation under this agreement, the Lender have right to request the Borrower to recall the loan ahead of
time, cease in extending the loan; 

    10.7  When
the Borrower involves in contract, leasing, joint operation, consolidate (merger), liquidation, reorganization, joint venture or cooperate with foreign
company, equity transference, share reformation, the Lender shall have right to request the Borrower clear of principal and the 

2

 

loan interest ahead of time, assign this loan to assignee confirmed by the Lender or provide acceptable guaranty to the Borrower. 

	11.
	Responsibility
of the Lender 

    11.1  Extends
the loan in accordance with the stipulations of this agreement; 

    11.2  Holds
the Borrower's debts, financial, operational information in confidential except special provisions in Law. 

	12.
	Warranty
of the Borrower 

    12.1  The
Borrower is a company duly organized and validly existing under the law of the People's Republic of China and has power and authority to sign and perform this
Contract; 

    12.2  Signature
and performance this contract is full authorized by the board or other authorization; 

    12.3  The
documents, information and files provided by the Borrower is true, correct, complete and effective without any material mistakes and missing. 

    12.4  The
Borrower respects the Lender's operational policy which deposit and lending, credit and settlement is equal important. The Borrower warrants that its unused
funds will deposit in the Bank account in Lender and entrust the Lender handle the Borrower's foreign currency settlement. 

	13.
	Extension
of the Loan 

    In
case the Borrower could not to repay the loan under this contract and need to extend the loan, the Borrower shall apply to Party B for the extension of the loan within
[***] prior to maturity of the loan. The parties sign an extension loan agreement in written upon the approval of the Lender after the inspection made by the Lender. If the
Lender disagrees to the extension of the loan, the Borrower shall repay the principal and the interest in accordance with the stipulations set forth in this contract. 

	14.
	Expenses

    The
Borrower shall reimburse the Lender for [***] expenses in connection with [***]. The Lender is empowered to deduct the
[***] expense [***]. In the event that the money is not sufficient in the Borrower's account, the Borrower shall clear the balance upon the notice from
the Lender [***] 

	15.
	Liabilities
of Breach contract 

    15.1  In
the event the Borrower fails to perform the obligations set forth in section 9.1 or 9.2 in this agreement, if it is material or the Borrower does not
cure it timely, the Lender shall have right to cease in extending the loan and recall partial or total loan ahead of time. 

    15.2  The
Borrower fails to perform the obligation set forth in section 9.3, the Lender shall have right to collect an interest at the rate of
[***] for the amount misappropriated; If the matter is serious, the Lender shall have right to cease in extending the loan and recall partial or total loan ahead of time. 

    15.3  If
the Borrower fails to perform the obligation set forth in section 9.4, the Lender is entitled to collect an interest at the rate of
[***] for the default amount. 

    15.4  If
the Borrower fails to perform the obligation set forth in section 9.5 and 9.6, the Lender fails to collect the repayment, the Lender shall have right to
cease in extending the loan, recall the loan ahead of time. The Borrower shall compensate the Lender partial or all damage incurring from above default. 

	16.
	Amendments
And Termination of Contract 

3

 

    This
contract could be amended and terminated upon the written agreements conclude by the parties. The contract shall be effective before the written amendment is made. The contract
could not be changed, amended and terminated by one part without approval of the other part. 

	17.
	Miscellaneous

    17.1  During
the term of this contract, any tolerance, extension for the Borrows breach of contract and delay for excise any rights and benefit could not impair, affect
and limit the Lender to excise its rights in accordance with this contract and related laws and regulation. It should not be construed that the Lender permit or recognize the Borrower's behaviors and
waive current or future rights to take action to defend the Borrower. 

    17.2  In
the event this contract or partial provisions contained in this Contract should be invalid, the Borrower shall perform the repayment responsibility. In the
event aforesaid, the Lender shall have right to terminate this contract and immediately request the Borrower to repay the loan, interest and other expenses. 

    17.3  The
notice and other communications required to be given by any party shall be in written. Telex and Telegram shall be deemed effectively given on the moment of
transmission. Letter shall be deemed effectively given on the receipt of the post office. 

    17.4  The
evidence of debt, the amendment, modification of the contract shall be made in written. Such documents shall be regard as the appendices of this contract and
integral part of this Agreement. 

	18.
	Governing
Law and Dispute resolution 

    18.1  The
conclude, interpretation and dispute resolution shall be subject to the Laws of the People's Republic of China. The rights of the parities shall be
safeguarded by the Laws of the People's Republic of China. 

    18.2  The
disputes arising from execution of this contract shall be settled through friendly consultation by the parties. In case no settlement can be reached, the
disputes shall be submitted to the People's Court of Beijing for judgment. 

    18.3  After
this contract is empower compulsory execution with legal effectiveness by notarization, the Lender may apply to the People's court with jurisdiction to
execution the contract. 

	19.
	Miscellaneous
Provisions 

    19.1  This
contract become effective after signed by the authorized representatives of both parties and go through the guaranty formality under Article 7 of this
contract until the loan and the interests and other related expenses be cleared up. 

    19.2  This
contract is executed in three original and be equally authentic. Each of the Borrower, the Lender and the Guarantor shall hold one copy. 

4

	 	 	Lender: China Merchants Bank, Beijing Branch, Chao Yang Men Subranch
	

 	
 	

	 	 	(signature)
	

 	
 	

Borrower: UTStarcom (China) Co., Ltd.
	

 	
 	

	 	 	(signature)

March
14, 2001 

 
 

Translation Verification    
  

    The foregoing represents a fair and accurate English translation of the original Chinese document. 

Dated:
May 11, 2001 

	 	 	By:	 	/s/ SHAO-NING J. CHOU   

	 	 	Name:	 	Shao-Ning J. Chou
	 	 	Title:	 	Executive Vice President and Chief Operating Officer, China Operations

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Exhibit 10.58

[Translation]

Loan Agreement

Translation VerificationPrepared by MERRILL CORPORATION

QuickLinks
 -- Click here to rapidly navigate through this document

[***] 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.

 
 

Exhibit 10.59    
  

 
 

[Translation]    
  

 
  Technical Service Agreement    
  

    This technical service agreement ("this Agreement") is made between and by the following parties in Beijing on August 18, 2000. 

	Party A:	 	UTStarcom (China) Co., Ltd.
	Address:	 	11th Floor, CNT Manhattan Building, No. 6 Beidajie, Chaoyangmen, Dongcheng District, Beijing
	Party B:	 	Hainan Xinhuangpu Investment Co., Ltd.
	Address:	 	Floor 16, Huaneng Mansions, No. 36 Datong Road, Haikou, Hainan

    WHEREAS
Party A agrees to provide Party B with the relevant technical services and Party B agrees to accept the said technical services; therefore, the parties reach the following
agreement through friendly consultations: 

 
 

ARTICLE 1    

    Party
A agrees to provide Party B with the relevant technical services listed in Attachment I of this Agreement, and Party B agrees to accept the foregoing technical services. 

 
 

ARTICLE 2    

    The
parties agree that Party B shall pay [***] for the technical services provided by Party B. Party B shall wire transfer the foregoing technical service fees
to the account designated by Party A within [***] upon execution of this Agreement. 

 
 

ARTICLE 3    

 
  Confidentiality Clause    

    The
parties agree the information or materials that one party learned or got hold of during the performance of this Agreement, which would otherwise not be obtained from the other
party shall constitute the other party's commercial secrets. Unless for the purpose of implementing this Agreement, no party shall be allowed to use the other party's commercial secrets. No party
shall disclose, grant or transfer the said commercial secrets to any third party unless prior consent is obtained from the other party. Upon expiration or termination of the term of this Agreement,
either party shall return or destroy of its own the documents, information or software loaded with the other party's commercial secrets, delete the other party's commercial secrets from memory
equipment and refrain from using such commercial secrets any more. 

    The
parties agree that this section shall continue to be valid within [***] upon expiration or termination of the valid term of this Agreement. 

 
 

ARTICLE 4    

 
  Representation and Guarantee    

	4.1
	Party
represents and guarantees as follows: 

    (a) Party
A is a company incorporated and validly existing pursuant to the Chinese laws; 

 

    (b) Party A is entitled to the ownership of the assets listed in Attachment I hereto and has not placed mortgage or any third party's interests against such ownership,
nor does it impose any obstacle to Party B for the obtainment of the title of such assets. 

    4.2 Party
B represents and guarantees as follows: 

    (a) Party
A is a company incorporated and validly existing pursuant to the Chinese laws; and 

    (b) By
executing and performing this Agreement, Party B does not violate the relevant laws and contracts that have a binding force on it, and has obtained the proper
authorization and all the necessary approval of executing and performing this Agreement. 

 
 

ARTICLE 5    

 
  Liability for Breach of Agreement    

    5.1 If
one party to this Agreement ("the Breaching Party") fails to implement its obligations under this Agreement (including violation of the provisions involving
representation and guarantee), and fails to adopt effective measures to correct such violation within [***] upon receipt of a written notice by the other party ("the
Non-Breaching Party") for such correction within the stipulated time, the non-breaching party has the right to terminate this Agreement and claim compensation from the
breaching party for the losses sustained therefrom. 

    5.2 If
Party B violates the provisions of Article 2 of this Agreement by any failure to pay or pay in time the service fees, it shall pay a find equal to
[***] of the total service fees [***] of delay in addition to the full payment of service fees to Party A. 

 
 

ARTICLE 6    

 
  Settlement of Dispute    

    Any
dispute arising out of or in connection with this Agreement shall be settled by the parties through consultations. If it cannot be settled through consultations, any party may
submit the said dispute to China International Economic and Trade Arbitration Commission for arbitration in Beijing according to its valid rules of arbitration. The arbitration award is final and
shall be binding over the parties. 

 
 

ARTICLE 7    

 
  Force Majeure    

    A
force majeure event refers to any event that cannot be foreseen and its occurrence and consequences cannot be avoided or overcome at the time when this Agreement is executed. Any
party to this Agreement shall not bear the liabilities for breach of this Agreement if it is prevented from implementing all or any part of the responsibilities associated with the provisions of this
Agreement.
The party that is affected with such a force majeure event shall notify the other party of the effects of such event within [***] after its occurrence, and present
certification by the local notarization organ. 

 
 

ARTICLE 8    

 
  Transfer of Agreement    

    No
party shall transfer its rights and obligations under this Agreement to any third party unless consented by the other party in writing. 

2

 
 
 

ARTICLE 9    

 
  Separability of Agreement    

    If
any article or section of this Agreement becomes invalid or unenforceable, it will not affect the validity and enforceability of other articles or sections. 

 
 

ARTICLE 10    

 
  Amendment and Supplement of Agreement    

    The
parties may amend or supplement this Agreement in writing. The amendment and supplement to this Agreement shall constitute an inseparable part of this Agreement and be equally
authentic to this Agreement. 

 
 

ARTICLE 11    

 
  Miscellaneous    

    11.1 This
Agreement shall come to force upon execution by the authorized representatives of the parties and fixation of their official seals all of the date first seen
in this Agreement. The term of this Agreement is [***]. This Agreement may be renewed upon expiration of the term subject to the parties' approval through consultations. 

    11.2 This
Agreement has two original copies, of which each party holds one, and they are equally authentic. 

3

	 	 	Party A: UTStarcom (China) Co., Ltd.

(Official Seal)
	

 	
 	

Authorized Representative:
	

 	
 	

 (Signature)
	

 	
 	

Party B: Hainan Xinhuangpu Investment Co., Ltd.

(Official Seal)
	

 	
 	

Authorized Representative: Xue Weibin
	

 	
 	

 (Signature)

 
 

Translation Verification    
  

    The foregoing represents a fair and accurate English translation of the original Chinese document. 

Dated:
May 11, 2001 

	 	 	By:	 	/s/ SHAO-NING J. CHOU   

	 	 	Name:	 	Shao-Ning J. Chou
	 	 	Title:	 	Executive Vice President and Chief Operating Officer, China Operations

QuickLinks

Exhibit 10.59

[Translation]

Technical Service Agreement

ARTICLE 1

ARTICLE 2

ARTICLE 3

Confidentiality Clause

ARTICLE 4

Representation and Guarantee

ARTICLE 5

Liability for Breach of Agreement

ARTICLE 6

Settlement of Dispute

ARTICLE 7

Force Majeure

ARTICLE 8

Transfer of Agreement

ARTICLE 9

Separability of Agreement

ARTICLE 10

Amendment and Supplement of Agreement

ARTICLE 11

Miscellaneous

Translation Verification

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