EXHIBIT 10.76
26th June 2003
From: Xyratex Technology Limited ("Xyratex")
To: MTI Technology Corporation ("MTI")
Subject: Memorandum of understanding. (MOU)
Further to our discussions we would like to confirm the terms of our intended
agreement, It is the intent of both parties to complete the following
agreements.
a) Facilities rental agreement
This would have the following basic terms.
1) Provision of 6,000 sqft of continuous space within MTI's
Westmont facility, this space has been approximately
identified on drawings but currently contains the MTI
Systems Test facility, plus office space, and shared support
facilities including dual use of, front door access,
toilets, break rooms etc.
2) Provision of office clerk support to allow for basic office
duties telephone answering etc, within normal work hours.
3) Provision of a share of the current PBX with specific
Xyratex telephone direct dial numbers, to support the number
of work stations within the space provided.
4) Provision of all normal and reasonable, cleaning, janitorial
and office waste disposal required for the occupied space.
5) 50/50 split of all energy, electrical, gas and water,
required for normal operation of the space for its intended
purpose of a system test lab and general office. Telephone
call charges would be charged in addition to the space
charge through provision of an itemised xxxx.
6) Provision of adequate parking spaces for the number of work
stations within the space.
7) All repair and maintenance costs for the space, including
but not limited to air conditioning, network infrastructure,
telephone lines shall be paid by MTL.
8) No additional charges will be incurred by Xyratex for the
use and occupation of the space.
9) Provision of tenant improvements on the basis of a 50%/50%
split of cost between Xyratex and MTI up to a maximum of
$10k cost to MTI. As a
minimum, Tenant improvements will include provision of
secured badge locked doors to The area and Xyratex signage.
10) MTI will retain a single master access to the Xyratex lab
space for maintenance of the MTI Office System Server.
Currently identified as Xxxxx Xxxx.
11) Provisions of appropriate MTI documentation to prove
insurance policies and other legal requirements to support
the rental of the space.
12) Xyratex will have no responsibilities for any space or
building dilapidation costs.
13) Provision of evidence to demonstrate that the proportional
CAM charge for the space is approx $2,500 per month.
14) MTI will provide 90 days notice to terminate the rental
agreement.
15) Xyratex will provide 30 days notice to terminate He rental
agreement, though this termination may not be given within
five months of the date of agreement.
16) Xyratex may occupy the space from the 7th July 2003 onwards,
in line with the target signature date of the rental
agreement.
17) The total price for the above will be approx $6,500 per
month payable 30 days in advance.
18) MTI will prepare a rental agreement with the above
conditions and both parties intend to complete this
agreement within 5 days of signature.
b) Capital Asset ("assets") purchase agreement
1) Xyratex will issue a purchase order to purchase outright
from MTI the full capital asset list as detailed in the
attached "Capital Asset List", which includes all hardware,
software and manuals required to operate the assets. This
was provided in an E-Mail from MTI as an attached
spreadsheet named "Eng_assets_6_24_03_l.xls".
2) MTI provides no warranty of any kind for the assets and they
are supplied as is.
3) MTT may invoice for the price of the assets on signature of
this MOU.
4) The price of the assets will be $50,000 payable 30 days from
date of invoice.
c) Test software IP ("software") licence agreement
1) Xyratex will purchase an exclusive source and object code
licence to the fall software list as detailed in the
attached "Software list". This was provide in an E-mail from
MTI as an attached spreadsheet named "mtitests_l.xls".
2) The license will allow Xyratex to use, modify, lease or
license the software.
3) MTI provides no warranty of any kind for the software, and
it is supplied as is.
4) MTI may invoice for the price of the assets on signature of
this MOU.
5) The price of the software will be $200,000 payable 30 days
from date of invoice.
6) Xyratex will prepare a license agreement with the above
conditions and both parties intend to complete this
agreement within 3O days of signature.
MOU Accepted by
Xyratex Technology Limited
/s/ Matt Corner Date 6/26/03
-----------------------------
Exec VP Storage Systems
MTI
/s/ Xxxx Xxxxxxx Date 6/26/03
-----------------------------
Chief Financial Officer
Xxxx X. Xxxxxxx
XYRATEX FIXED ASSET PURCHASE
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M=MTI EST. MARKET
ASSET SER NO TYPE X=XYR VALUE DESCRIPTION LOCATION
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ASSET LIST
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08006906C2C7 SERVER X 50.00 SGI Indigo 2 (Model CMN B007) ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100113 K0011028 SERVER X 9,000.00 SGI Origin 2000DS Computer System w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100133 08006902BODE SERVER X 000.00 XXX O2 Workstation 180 mhz PC w/17" Monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
38821080 SERVER X 10,000.00 IBM RS/6000 Model F80 w/ 17" monitor (Incl: 1 x ENG LAB
LP9002L)
------------------------------------------------------------------------------------------------------------------------------------
38821040 SERVER X 10,000.00 IBM RS/6000 Model F80 w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100126 N153902Z80 SERVER X 100.00 DEC Alpha Server 1000 w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100109 USM392915K SERVER X 5,500.00 HP 9000 N Class ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100110 3821A27898 SERVER X 7,320.00 HP9000 K Class Model 420 Server, 120Mhz (5/98 $36.6k - ENG LAB
20%)
------------------------------------------------------------------------------------------------------------------------------------
101906 SERVER X 1,650.00 HP9000 K100 Server (2/96 $16.5k - 10%) AT XYRATEX
------------------------------------------------------------------------------------------------------------------------------------
3820G29820 SERVER X 1,000.00 HP 9000 D Class Model 350 Server ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
102090 SERVER X 50.00 Sun XxxxxXxxxxxx 0, 000Xxx, XX-XXX ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
436F3593 SERVER X 50.00 Sun XxxxxXxxxxxx 0, 000Xxx, XX-XXX ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
926T0140 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
926T0135 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
925T0119 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
FW94440212 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
FW02942096 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
926T0137 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100118 FW81722486 SERVER X 150.00 Sun Ultra5 270mhz PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
BUYOUT FW90520047 SERVER X 350.00 Sun Ultra 10 PC w/19" Monitor, 24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100116 733F06B5 SERVER X 200.00 Sun Ultra30 Model 250 Creator Computer System ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
935H265B SERVER X 1,000.00 Sun E250 Base 256MB Kit, 19" Monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
102092 SERVER X 1,500.00 Sun E450 Base 19" Monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
102527 S024H466D SERVER X 6,500.00 SUN Enterprise 4500 Server Base ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
102529 39036 SERVER X 1,500.00 Desktop Computer- Sun Sparc Based System ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100106 7135057 SERVER X 100.00 Ascend MAX200 Plus 8 Remote Mobile Hub Access Server NETWORK ROOM
------------------------------------------------------------------------------------------------------------------------------------
100108 SERVER X 100.00 Prosignia 300 5/75 Server System w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100111 36-32414784 SERVER X 100.00 NCR Worldmark 4300 Server w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100122 3531HNH16007 SERVER X 150.00 Compaq Proliant 1500 Computer w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100131 SERVER X 100.00 Intel Pentium II 350 MHZ PC w/ 17" Monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100132 3072267 SERVER X 100.00 ASUS P2BF BX PII 400mhz PC w/17" Monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100154 SERVER X 100.00 Able Microsystems ASUSII Pentium 300 PC w/CD-ROM w/ ENG LAB -
17" monitor SECURITY SYSTEM
------------------------------------------------------------------------------------------------------------------------------------
100160 3070056 SERVER X 100.00 XX-000XXX Xxxxxxx II 350mhz PC w/17" Monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100188 ORG37 SERVER X 100.00 Dell Latitude CPTC 333GT 333mhz PC w/24x CD-ROM w/ 17" NETWORK ROOM
monitor
------------------------------------------------------------------------------------------------------------------------------------
1520-840 SERVER X 100.00 Dell DimensionXPS T500mhz Pentium III PC w/19" ENG LAB
Monitor,40x CD-ROM w/ 17" monitor
------------------------------------------------------------------------------------------------------------------------------------
100144 5001692265 SERVER X 100.00 Alpha NT Computer w/ 17" monitor ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
5750-0801-01404 SERVER X 100.00 Intel Pentium P3-800MHZ 128MB PC133 52X CD Rom w/ 17" ENG LAB
monitor
------------------------------------------------------------------------------------------------------------------------------------
5750-0801-01413 SERVER X 100.00 Intel Pentium P3-800MHZ 128MB PC 133 52X CD Rom w/ 17" ENG LAB
monitor
------------------------------------------------------------------------------------------------------------------------------------
SERVER X 1,300.00 MSP (13) - Pentium II 400Mhz, 128MB, 48x CD Rom (W/(l) ENG LAB
LP8000N-1)
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG 3509A74213 SERVER X 400.00 HP2970A SERVER (Label with "Bellsouth-6700 Test") ENG LAB
LIST
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG 3061343 SERVER X 100.00 IC COMPUTER P6 PC ENG LAB
LIST
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG CHHU43000002AW SERVER X 100.00 1200 SCSI JBOD (NO DRIVES) ENG LAB
LIST
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG 3517A01397 SERVER X 200.00 HP C2200D MODEL A3232A ENG LAB
LIST
------------------------------------------------------------------------------------------------------------------------------------
100451 N/A ADAPTERS X 300.00 HP K Class Tachlite Fibre Channel Card ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100453 N/A ADAPTERS X 300.00 HP K Class Tachlite Fibre Channel Card ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100455 N/A ADAPTERS X 300.00 HP N Class One Port PCI Fibre Channel Card ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100457 N/A ADAPTERS X 300.00 HP N Class One Port PCI Fibre Channel Card ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100459 401105AEAN ADAPTERS X 300.00 HP-HSC 1063MBPS FC K Class Adapter ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
XYRATEX FIXED ASSET PURCHASE
------------------------------------------------------------------------------------------------------------------------------------
101905 N/A ADAPTERS X 300.00 HP-HSC 1063MBPS FC K Class Adapter AT XYRATEX
------------------------------------------------------------------------------------------------------------------------------------
101960 N/A ADAPTERS X 5,000.00 HP PCI 2GB Fibre Channel Adapter (2) ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
ADAPTERS X 2,750.00 ADAPTER LP8000 OPTICAL (Qty 11 - $250 ea) **WAS ENG LAB
$4250 - 17X$250
------------------------------------------------------------------------------------------------------------------------------------
ADAPTERS X 18,400.00 ADAPTER LP9000 OPTICAL (Qty 23 - $800 ea) **WAS ENG LAB
$20,000-25X$800
------------------------------------------------------------------------------------------------------------------------------------
ADAPTERS X 5,400.00 ADAPTER LP9000 Dual Channel OPTICAL (Qty 3 - $1800 ENG LAB
ea)
------------------------------------------------------------------------------------------------------------------------------------
100136 1073288-002 CAB/ACCESS X 1,000.00 StorageWare SC 70" Cabinet w/ dual PDUs & Cables ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100137 1073288-001 CAB/ACCESS X 1,000.00 StorageWare SC 70" Cabinet w/ dual PDUs & Cables ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100138 1076028-000 CAB/ACCESS X 1,000.00 SW-SC 70" Cabinet w/ dual PDUs ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100142 1077117-000 CAB/ACCESS X 1,000.00 SW-SC 70" Cabinet w/ dual PDUs ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100143 1077118-000 CAB/ACCESS X 1,000.00 SW-SC 70" Cabinet w/ dual PDUs ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100140 1076029-000 CAB/ACCESS X 3,000.00 (3) 70" Cabinet w/ dual PDUs ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
CAB/ACCESS X 1,000.00 (2) HP Cabinets ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100120 CAB/ACCESS X 200.00 UPS, 3KVA, 2250W, 5.25" R/M ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100121 CAB/ACCESS X 200.00 UPS, 3KVA, 2250W, 5.25" R/M ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
CAB/ACCESS X 1,000.00 Misc. Optical Cables ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100148 DELL B5GG2 ANALYZERS X 100.00 FibreChannel XyraTest Pro & XyraView FC-AL, FC-AL ENG LAB
Adapter & Protocol Analyzer
------------------------------------------------------------------------------------------------------------------------------------
100172 30100142 ANALYZERS X 100.00 Ancot analyzer Upgrade DSC 216/FD to Ultra 2000/BD ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100173 30100151 ANALYZERS X 100.00 Ancot analyzer Upgrade DSC216/FD to Ultra 2000/BD ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
102528 39034 NETWORK X 1,500.00 Desktop Computer- Sun Spare Based System ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100119 3067960 NETWORK X 100.00 XX-000XXX Xxxxxxx II 350mhz PC w/17" Monitor, 32x ENG LAB
CD-ROM
------------------------------------------------------------------------------------------------------------------------------------
100128 3072005 NETWORK X 100.00 Tyan S1846S PIII BX 450mhz PC w/17" Monitor, 40x CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100130 NETWORK X 100.00 Prosignia 300 5/75 Server System ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
NETWORK X 150.00 Power Mac 6100/60 ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100105 25393241 NETWORK X 100.00 Cisco 2500 1E2T Router ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100115 SFAA0301WONP NETWORK X 300.00 Cisco Catalys CAT2900 22-Port 10/100 EN ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
NETWORK X 4,000.00 ATL L200 DLT Library (50% of list used - still in ATL ENG LAB
PB)
------------------------------------------------------------------------------------------------------------------------------------
1034114-018 NETWORK X 200.00 Gladiator 3200 RAID Array (9300 CONVERTED TO A 3200) ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100165 1231577 NETWORK X 50.00 Gladiator 3200 Upgrade Controller (CONVERTED 9300 TO ENG LAB
3200)
------------------------------------------------------------------------------------------------------------------------------------
100166 1231596 NETWORK X 50.00 Gladiator 3200 Upgrade Controller (CONVERTED 9300 TO ENG LAB
3200)
------------------------------------------------------------------------------------------------------------------------------------
NETWORK X 100.00 (2) Gladiator 3200 Upgrade Controllers ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG H6T620B NETWORK X 100.00 Dell L667r PC NETWORK ROOM
LIST
------------------------------------------------------------------------------------------------------------------------------------
100091 OFFICE SUP X 400.00 HP LaserJet 4050N Printer ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
OFFICE SUP X 100.00 Hewlett Packard LaserJet 2000CN Color Printer ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
OFFICE SUP X 50.00 Hewlett Packard Scanner ScanJet ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100037 M1351200531 OFFICE SUP X 200.00 Ricoh Fax 3700L (FROM DETROIT OFFICE) ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100038 NOT ORIG LIST OFFICE SUP X 400.00 MINOLTA COLOR PAGE WORKS PRINTER (FROM DETROIT ENG LAB
OFFICE)
------------------------------------------------------------------------------------------------------------------------------------
100112 00175-3667 MISC X 200.00 Gladiator 3200 RAID Xxxxx XXX#0000 ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100150 1075000-000 MISC X 20.00 DLT 4000 Desktop Server ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
10396E5 MISC X 500.00 DLT 1530 Xxxxxx Xxxx Library ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
100096 13000 MISC X 200.00 Gladiator 3600 RCU ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG 1033545-000 MISC X 200.00 9300 W/ (8) 4GB DRVS ENG LAB
LIST
------------------------------------------------------------------------------------------------------------------------------------
NOT ORIG AB30703334 MISC X 100.00 DEC 3000 MODEL PE40A-CC ENG LAB
LIST
------------------------------------------------------------------------------------------------------------------------------------
BUYOUT 904F2D3A SERVER X 300.00 Sun Ultra2 PC w/19" Monitor,24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
BUYOUT 806FC260 NETWORK X 300.00 Sun Ultra2 PC w/19" Monitor,24X CD-ROM ENG LAB
------------------------------------------------------------------------------------------------------------------------------------
TOTALS $114,390.00
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