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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 10.60    
  

 
 

[Translation]    
  

 
  Assets Transfer Agreement    
  

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

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

    WHEREAS
Party A agrees to assign to Party B the assets concerned to Party B and Party B agrees to accept the said assets; therefore, the parties reach the following agreement through
friendly consultations: 

 
 

ARTICLE 1    

    Party
A agrees to assign the assets listed in Attachment I of this Agreement, and Party B agrees to accept the foregoing assets. 

 
 

ARTICLE 2    

    The
parties agree that Party A will complete all the procedures necessary for the transfer of the assets listed in Attachment I hereto from Party A to Party B within
[***] upon execution of this Agreement (excluding the day of execution for this Agreement), which include but are not limited to the hand-over of certification of
ownership for such assets and the handling of registration procedures (if applicable). 

 
 

ARTICLE 3    

    Party
B will pay Party A an assignment fee of [***] for the assets assigned by Party A. 

 
 

ARTICLE 4    

    The
parties agree that the title of the assets listed in Attachment I hereto will be transferred to Party B on the [***] upon execution of this Agreement.
Party A shall be responsible for all the liabilities and risks involving the title transfer of the assets listed in Attachment I hereto prior to such transfer (no matter such liabilities and risks are
claimed before or after the transfer of such title), for which Party B shall bear no liabilities and obligations. In case Party B does not receive the foregoing assets within
[***] upon execution of this Agreement, Party A shall compensate in [***]. 

 
 

ARTICLE 5    

 
 

Representation and Guarantee    

	5.1
	Party
represents and guarantees as follows: 

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

 

    (b) By executing and performing this Agreement, Party A 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; and 

    (c) 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. 

	5.2
	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 6    

 
 

Liability for Breach of Agreement    

	6.1
	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.

	6.2
	If
Party A violates the provisions of Articles 2 and 5 of this Agreement, Party B has the right to seek return of all the payment and a penalty equal to
[***] of the total price from Party A. 

 
 

ARTICLE 7    

 
 

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 8    

 
 

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. 

2

 
 
 

ARTICLE 9    

 
 

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. 

 
 

ARTICLE 10    

 
 

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 11    

 
 

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 12    

 
 

Miscellaneous    

    12.1 This
Agreement shall come to force upon execution by the authorized representatives of the parties and fixation of their official seals as of the date first seen
in this Agreement. 

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

3

	 	 	Party A: Hainan Xinhuangpu Investment Co., Ltd.
	 	 	(Official Seal)
	

 	
 	

Authorized Representative: Xue Weibin
	

 	
 	

 (Signature)
	

 	
 	

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

(Official Seal)
	

 	
 	

Authorized Representative:
	

 	
 	

 (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

 
 

Attachment I
  List of Assets for Assignment    
  

 

[***] 

2

QuickLinks

Exhibit 10.60

[Translation]

Assets Transfer Agreement

ARTICLE 1

ARTICLE 2

ARTICLE 3

ARTICLE 4

ARTICLE 5

Representation and Guarantee

ARTICLE 6

Liability for Breach of Agreement

ARTICLE 7

Settlement of Dispute

ARTICLE 8

Force Majeure

ARTICLE 9

Transfer of Agreement

ARTICLE 10

Separability of Agreement

ARTICLE 11

Amendment and Supplement of Agreement

ARTICLE 12

Miscellaneous

Translation Verification

Attachment I List of Assets for AssignmentPrepared 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 10.61    
  

 
 

[Translation]    
  

 
  EQUITY TRANSFERRING AGREEMENT    
  

    This Agreement is made by and between the following parties: 

	Seller:	 	Zhe Jiang Nantian telecommunication development group share company
	Purchaser:	 	UTStarcom, Inc.,

    Whereas:

	1.
	Seller
and Purchaser jointly invested to set up the sino-foreign joint venture named Hangzhou Nantian Starcom telecommunication equipment Co., Ltd. (the
"company") in 1993. Till November 30, 2000, the paid in capital for the company is [***], net assets is [***].

	2.
	Before
execution of this agreement, Seller's contribution to the company accounts for [***] of the company. Purchaser's contribution to the company accounts
for [***].

	3.
	Seller
agrees to transfer its all equities to Purchaser, and Purchaser agrees to purchase the equities. After the closing of transference, the company will be a wholly-owned
subsidiary of Purchaser. 

    In
accordance with the Law of People's Republic of China on sino-foreign joint venture enterprise and some regulations on equities change of investment of foreign
investment enterprise, adhering to the principle of equality and through friendly consultations, with honest, confident and mutual benefit, both party agree to transfer the shares under the term and
condition as follows: 

1.
The status of the parties: 

	Seller:	 	Zhe Jiang Nantian telecommunication development group share company
	With resident at:	 	Hangzhou WuLin Square East Science & Cooperate Building Rm 17-18
	Legal representative:	 	Liu Aifu
	Title:	 	Chairman of the board of directors
	Nationality:	 	P.R.C. China
	Purchaser:	 	UTStarcom, Inc., with resident at 1275 Harbor Bay Parkway, Suite 100 Alameda, CA 94502 U.S.A.
	Legal representative:	 	Ying Wu
	Title:	 	President
	Nationality:	 	U.S.A.

2.
TRANSFER OF EQUITIES 

    2.1 Seller
contributed [***] to the company, accounting for [***] of the total amount of investment and registered
capital. Purchaser contributed [***] to the company, accounting for [***] of the total amount of investment and registered capital. 

    2.2 Seller
agrees to transfer equities account for [***] of the company to Purchaser, and Purchaser agrees to purchase the equities account for
[***] of the company. 

    2.3 After
the closing of transference, the company will be a wholly-owned subsidiary of Purchaser. 

    2.4 The
total amount of investment and registered capital of the company will be no change. 

 

3.
PRICE AND PAYMENT TERM 

    3.1 The
Seller hereby agrees to sell to Purchaser [***] Equities of the company at price of [***] under the condition of
this agreement. 

    3.2 Purchaser
hereby agree to pay to Seller before [***] in [***] to the Seller. 

4.
After the closing of transferring, the company shall change from a joint venture company to a wholly foreign owned company of Purchaser. Purchaser shall take the liabilities of the shareholder in
accordance with the revised article of association, the board of directors shall be appointed by Purchaser. 

5.
WARRANTY 

    5.1 Seller
hereby warranties to Purchaser that the equities transferred to Purchaser is owned by Seller and Seller has full power to transfer the shares to Purchaser.
Seller warranties to Purchaser that Purchaser will not make the Purchaser to be prosecuted. 

    5.2 Seller
hereby warranties that the execution of this Agreement and performance of this agreement have been duly and validly authorized and approved by Seller's
relevant administration authority. 

    5.3 Purchaser
hereby warranties that the execution of this agreement have been duly authorized. 

    5.4 Purchaser
hereby warranties to pay the said purchase price to Seller in accordance with the provisions set forth herein this agreement. 

    5.5 Purchaser
hereby warranties to apply for approval of the local authority and change the registration record for the share transference. Seller shall cooperate. 

6.
TERMINATION 

    6.1 This
agreement shall be terminated in case one party terminates operation before the effective of this agreement or fails to receive the approval of the relevant
authorities. 

    6.2 The
agreement shall be terminated if it is failed to get the approval from the related authority [***] from the date of this agreement. The
parties shall agree to liquidate the company. 

7.
DISPUTATION SETTLEMENT 

    Any
disputes arising from the execution or in connection with the contract shall be settled through friendly consultations between both parties. In case no settlement can be reached
through consultations, the disputes shall be submitted to Hangzhou Arbitration Commission for arbitration in accordance with its rules of procedure. The arbitral award is final and binding upon both
parties. During the arbitration, the contract shall be executed continuously by both parties except for matters in disputes. 

8.
APPLICABLE LAW 

    This
agreement shall be governed by the related laws of the People's Republic of China. 

    9.  The
present Agreement becomes executive on the date signed or stamped by the legal person or representative of both party, and this agreement shall come into force
beginning from the date of approval of the original authority. 

    The
present Agreement is made in four originals. Each party keep one original and others shall be sent to the relevant authorities for filing. All originals shall be equally
authentic. 

3

    IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date following written. 

	 	 	Zhe Jiang Nantian telecommunication development group share company
	

 	
 	

Representative: Bao Rongqing
	

 	
 	

	

 	
 	

Date: February 5, 2001
	

 	
 	

UTSTARCOM, INC.
	

 	
 	

Representative: Ying Wu
	

 	
 	

	

 	
 	

Date: February 5, 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

QuickLinks

Exhibit 10.61

[Translation]

EQUITY TRANSFERRING AGREEMENT

Translation Verification

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