SETTLEMENT AGREEMENT & RELEASESettlement Agreement • July 2nd, 2009 • Utstarcom Inc • Communications equipment, nec • New York
This Settlement Agreement & Release (“Agreement”) is made as of 11:59 p.m. EST on June 30, 2009 (the “Effective Date”), by and among UTStarcom, Inc., a Delaware corporation (“UTS Inc.”), Personal Communications Devices, LLC, a Delaware limited liability company (“PCD LLC”), and Personal Communications Devices Holdings, LLC, a Delaware limited liability company (“PCD Holdings LLC”) (each of the foregoing, a “Party,” and collectively, the “Parties”).
