<PAGE>
EXHIBIT 10.88
ASSIGNMENT AGREEMENT
ASSIGNMENT
AGREEMENT ("Agreement") dated as of June 1,2004 by and between
EMC Corporation ("EMC") and MTI Technology
Corporation ("MTI").
In
consideration of continuing discussions between EMC and MTI and
for
other good and valuable consideration, the
receipt and sufficiency of which is
hereby acknowledged, EMC and MTI hereby
agree as follows:
MTI hereby
assigns to EMC, all of MTI's right, title and interest in and
to all patents and patent applications of
MTI (the "Transferred Property"),
including without limitation those patents
and patent applications listed on
Annex A to this Agreement.
Each of EMC and MTI represents and
warrants to the other that the
execution, delivery and performance of this
Agreement have duly authorized by
all requisite corporate action of such
party and that, upon such execution and
delivery, this Agreement shall be binding
and enforceable against such party.
MTI
represents and warrants to EMC that MTI is the sole owner of
all
Transferred Property and that no
Transferred Property is subject to any
encumbrance of any kind, including without
limitation any license, cross
license, covenant not to sue, consent,
decree, stipulation, judgment, order,
assignment of rights, royalty, payment or
other similar restriction or
obligation. MTI further represents and
warrants to EMC that there is no pending
or, to MTI's knowledge, threatened claim,
suit, action or other proceeding
relating to or arising in connection with
any of the Transferred Property. MTI
agrees that it will transfer to EMC any
relevant documents or other tangible
information relating to the Transferred
Property and will execute any additional
documents reasonably requested by EMC to
give effect to the transactions
contemplated hereby.
Nothing in
this Agreement, expressed or implied, is intended or shall be
construed to confer upon, or to give to,
any person, firm, corporation or other
entity, other than EMC, MTI and their
respective successors and permitted
assigns, any right or remedy under or by
reason of this Agreement or any term,
covenant or representation contained
herein, and all of the terms, covenants,
promises, representations and warranties
and agreements contained in this
Agreement shall be for the sole and
exclusive benefit of EMC, MTI and their
respective successors and permitted
assigns.
EMC CORPORATION
By: /s/ Michael Cody
--------------------------------------
Michael Cody
Vice President, Corporate Development
MTI TECHN0LOGY CORPORATION
By: Thomas R. Raimondi, Jr.
-------------------------------------
Thomas R. Raimondi, Jr.
Chairman of the Board,
President and CEO
<PAGE>
ANNEX A
PATENTS AND PATENT APPLICATIONS
<TABLE>
<CAPTION>
TTC REF
APPLICATION
COUNTRY
NO.
ATTY(S) HANDLING CLIENT'S REF
TITLE
INVENTOR
FILING DATE
----------------- ------------ ------------------------
--------------------- -----------
<S>
<C>
<C>
<C>
<C>
013966-000820US MTI-025
System & Method for
Gajjar, Kumar
08/891213
GTG (PCH)
Dynamic Alignment of
Henson, Larry P.
07/10/1997
Associated Portions of a
Code Word from a
Plurality of
Asynchronous...
013966-000830US SF2/025
Data Flow Controller & Gajjar, Kumar
09/399581
GTG (PCH)
(Parent)
Method
Henson, Larry P.
09/20/1999
013966-000840US
Systems & Methods for Gajjar,
Kumar
10/140778
GTG (PCH)
Dynamic Alignment of
Henson, Larry P.
05/07/2002
Associated Portions of a
Code Word from a
Plurality of...
013966-001000DE
A&M FOR
POWERS, JAFFE
91907931.9
(PCH)
CONTROLLING DATA
HENSON,
04/03/1991
FLOW BETWEEN A
JOHNSON
COMPUTER &
Glider, Joseph S.
MEMORY
Idleman, Thomas E.
013966-001000EP
A&M FOR
POWERS, JAFFE
91907931.9
(PCH)
CONTROLLING DATA
HENSON,
04/03/1991
FLOW BETWEEN A
JOHNSON
COMPUTER &
Glider, Joseph S.
MEMORY
Idleman, Thomas E.
013966-001 000FR
A&M FOR
POWERS, JAFFE
91907931.9
(PCH)
CONTROLLING DATA
HENSON,
04/03/1991
FLOW BETWEEN A
JOHNSON
COMPUTER &
Glider, Joseph S.
MEMORY
Idleman, Thomas E.
<CAPTION>
TTC REF
COUNTRY
PATENT NO.
STATUS
ATTY(S) HANDLING ISSUE DATE
REMARKS
----------------- -------------
---------------------------------------------------------------------------
<S>
<C>
<C>
013966-000820US 5956524
Granted
GTG (PCH)
09/21/1999 filing
receipt 9/15/97 examiner communication 12/9/98 issue
notification
9/16/99 assignee: Micro Technology Inc. soft copies 10-4-99
Response to Office Action: 02/26/1998 **Completed**
Amendment: 11/16/1998 **Completed**
Drawings Due: 11/18/1998 **Completed**
Issue Fee Due: 11/18/1998 **Completed**
Annuity: Next: 03/21/2007
013966-000830US 6385674
Granted
GTG (PCH)
05/07/2002 filing
receipt 10/18/99; 3-20-00; corrected filing receipt 4/24/00
Issue Notification 04/29/02 Soft copies 5/14/02
Response to Notice of Missing Parts (1st Deadline): 12/13/1999
**Completed**
Amendment: 03/15/2000 **Completed**
Response to Office Action: 11/17/2000 **Completed**
Response to Final Office Action due (1st Deadline or Ext):
08/21/2001
**Completed**
Issue Fee Due: 03/12/2002 **Completed**
Annuity: Next: 11/07/2005
013966-000840US
Pending Published
GTG (PCH)
Filing Receipt 6/11/02; Confirmation No. 6848 Assignee: MTI
Technology Corporation
Response to Notice of Missing Parts (1st Deadline): 08/04/2002
**Completed**
013966-001000DE 69130799.7
Granted
(PCH)
01/20/1999 trans to
client 9/18/01 per pch informed CPI 11/15/01 -fjc.
Annuity: End of Grace (Final Deadline): 10/03/2004
013966-001000EP 0524247
Granted
(PCH)
01/20/1999 trans to
client 9/18/01 per pch; GB FR DE IT Old File:
013966-001000EP
Response: 03/22/1994 **Completed**
Response: 11/21/1996 **Completed**
Response: 01/21/1997 **Completed**
Response: 05/10/1997 **Completed**
Response: 12/04/1997 **Completed**
Amendment: 08/19/1998 **Completed**
Response: 12/27/1998 **Completed**
013966-001 000FR FR 0524247
Granted
(PCH)
01/20/1999 trans to
client 9/18/01 per pch informed CPI 11/15/01-fjc.
Annuity: End of Grace (Final Deadline): 10/03/2004
**Completed**
Annuity: Next: 04/03/2005
</TABLE>
1
<PAGE>
<TABLE>
<CAPTION>
TTC REF
APPLICATION
COUNTRY
NO.
ATTY(S) HANDLING CLIENT'S REF
TITLE
INVENTOR
FILING DATE
----------------- ------------ ------------------------
--------------------- -----------
<S>
<C>
<C>
<C>
<C>
013966-001000GB
A&M FOR
POWERS, JAFFE
91907931.9
(PCH)
CONTROLLING DATA
HENSON,
04/03/1991
FLOW BETWEEN A
JOHNSON
COMPUTER &
Glider, Joseph S.
MEMORY
Idleman, Thomas E.
013966-001000IT
A&M FOR
POWERS, JAFFE
91907931.9
(PCH)
CONTROLLING DATA
HENSON,
04/03/1991
FLOW BETWEEN A
JOHNSON
COMPUTER &
Glider, Joseph S.
MEMORY
Idleman, Thomas E.
013966-001000TW
Apparatus And Method
POWERS, JAFFE
79106579
(PCH)
For Controlling Data
HENSON,
08/08/1990
Flow Between A
JOHNSON
Computer And Memory
Glider, Joseph S.
Idleman, Thomas E.
013966-001000US
Apparatus and Method
POWERS, JAFFE
07/506703
(PCH)
for Controlling Data
HENSON,
04/06/1990
Flow Between a
JOHNSON
Computer and Memory
Glider, Joseph S.
Idleman, Thomas E.
013966-001020US MT-029,030
APPARATUS &
POWERS, DAVID T.
08/422005
(PCH)
METHOD FOR
Jaffe, David H.
04/12/1995
CONTROLLING DATA
Henson, Larry P.
FLOW BETWEEN A
Johnson III, Hoke S.
COMPUTER &
Glider, Joseph S.
MEMORY DEVICES
Idleman, Thomas E.
013966-001710US MTI-036
BACKGROUND
SILOTI, ALEX
08/703112
(PCH)
ARBITRATION
08/22/1996
MONITORING TO
IMPROVE ACCESS ON
LIGHTLY CONSUMED
NETWORK
013966-002000CA MT-040
Reserved Cylinder for Hicksted,
Richard L.
2223941
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/04/1996
Cache
<CAPTION>
TTC REF
COUNTRY
PATENT NO.
STATUS
ATTY(S) HANDLING ISSUE DATE
REMARKS
----------------- -------------
---------------------------------------------------------------------------
<S>
<C>
<C>
013966-001000GB GB 0524247
Granted
(PCH)
01/20/1999 trans to
client 9/18/01 per pch informed CPI 11/15/01-fjc.
Annuity: End of Grace (Final Deadline): 10/03/2004
**Completed**
Annuity: Next: 04/03/2005
013966-001000IT IT 0524247
Granted
(PCH)
01/20/1999 trans to
client 9/18/01 per pch informed CPI 11/15/01 -fjc.
Annuity: End of Grace (Final Deadline): 10/03/2004
**Completed**
Annuity: Next: 04/03/2005
013966-001000TW 51089
Granted
(PCH)
01/13/1992
PCH says
we handle annuities now that this is MTI case 1-16-03
asked PCH if this is still active and if we handle annuities
1-9-03(tls)
informed CPI via annuity reminder 11/26/01-fjc. trans to client
9/18/01
per pch; Old File: 013966-001000TW
client handles per telecon w/PCH 4-13-01 tls
Response: 08/08/1991 **Completed**
Annuity: Next: 09/10/2004
013966-001000US 5212785
Granted
(PCH)
05/18/1993 was
173637P-10; 4yr. m.fee paid 8/29/96; 4yr. m.fee statement 9/96;
8yr.
m.fee paid 9/12/00; 8yr. m.fee statement 9/00; trans. 2/28/10 per
pch to
client; returned to ttc 12/02 per fileroom/r.hylton
Foreign Filing Deadline: 04/06/1991
Response to Office Action: 07/07/1992 **Completed**
Issue Fee Due: 03/18/1993 **Completed**
Annuity: Next: 11/18/2004 **Completed**
013966-001020US 5651110
Granted
(PCH)
07/22/1997 4yr. m.fee
paid 10/31/00; 4yr. m.fee statement 11/00; issue notification
7/1/97 soft copies 7/25/97
Response to Office Action: 01/30/1996 **Completed**
Foreign Filing Deadline: 04/11/1996 **Completed**
Drawings Due: 03/23/1997 **Completed**
Issue Fee Due: 03/23/1997 **Completed**
Annuity: Next: 01/22/2005
013966-001710US 5742239
Granted
(PCH)
04/21/1998 was
13966N-17-1; 4yr. m.fee paid 9/4/01; 4yr. m.fee statement via
USPTO website 2/19/02; filing receipt 10-15-96 issue
notification
3/31/98 assignee: MTI Technology Corporation soft copies
4/24/98
Response to Office Action: 04/17/1997 **Completed**
Drawings Due: 12/09/1997 **Completed**
Issue Fee Due: 12/09/1997 **Completed**
Annuity: Next: 10/21/2005
013966-002000CA
Pending
GTG (PCH)
See EXAM action
Exam/Art: 06/04/2001 **Completed**
Request Examination: 06/04/2003 **Completed**
Annuity: Next: 06/04/2004
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
TTC REF
APPLICATION
COUNTRY
NO.
ATTY(S) HANDLING CLIENT'S REF
TITLE
INVENTOR
FILING DATE
----------------- ------------ ------------------------
--------------------- -----------
<S>
<C>
<C>
<C>
<C>
013966-002000DE MT-040
Reserved Cylinder for Hicksted,
Richard L.
96919202.0
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/04/1996
Cache
013966-002000EP MT-040
Reserved Cylinder for Hicksted,
Richard L.
96919202.0
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/04/1996
Cache
013966-002000FR MT-040
Reserved Cylinder for Hicksted,
Richard L.
96919202.0
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/04/1996
Cache
013966-002000GB MT-040
Reserved Cylinder for Hicksted,
Richard L.
96919202.0
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/04/1996
Cache
013966-002000PC MT-040
Reserved Cylinder for Hicksted,
Richard L.
96/09463
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/04/1996
Cache
013966-002000US MTI-040
Reserved Cylinder for Hicksted,
Richard L.
08/464101
GTG (PCH)
SCSI Device Write Back Glaser, Michael
06/05/1995
Cache
013966-002600DE
M&A FOR ASSIGNING
Jaffe, David H.
91906246.3
(PCH)
SIGNATURES TO
Idleman, Thomas E.
02/27/1991
IDENTIFY MEMBERS
POWERS, DAVID T.
OF A SET OF MASS
Glider, Joseph S.
STORAGE DEVICES
013966-002600EP
M&A FOR ASSIGNING
Jaffe, David H.
91906246.3
(PCH)
SIGNATURES TO
Idleman, Thomas E.
02/27/1991
IDENTIFY MEMBERS
POWERS, DAVID T.
OF A SET OF MASS
Glider, Joseph S.
STORAGE DEVICES
013966-002600FR
M&A FOR ASSIGNING
Jaffe, David H.
91906246.3
(PCH)
SIGNATURES TO
Idleman, Thomas E.
02/27/1991
IDENTIFY MEMBERS
POWERS, DAVID T.
OF A SET OF MASS
Glider, Joseph S.
STORAGE DEVICES
013966-002600GB
M&A FOR ASSIGNING
Jaffe, David H.
91906246.3
(PCH)
SIGNATURES TO
Idleman, Thomas E.
02/27/1991
IDENTIFY MEMBERS
POWERS, DAVID T.
OF A SET OF MASS
Glider, Joseph S.
STORAGE DEVICES
<CAPTION>
TTC REF
COUNTRY
PATENT NO.
STATUS
ATTY(S) HANDLING ISSUE DATE
REMARKS
----------------- -------------
---------------------------------------------------------------------------
<S>
<C>
<C>
013966-002000DE 69619009.4
Granted
GTG (PCH)
11/14/2001 Annuity:
Next: 06/04/2004
013966-002000EP 0830651
Pending Nat. Phase
GTG (PCH)
11/14/2001
Designating FR DE GB.
Response: 09/25/1998 **Completed**
Response: 08/01/2000 **Completed**
Response: 08/24/2001 **Completed**
013966-002000FR FR 0830651
Granted
GTG (PCH)
11/14/2001 Annuity:
Next: 06/04/2004
013966-002000GB GB 0830651
Granted
GTG (PCH)
11/14/2001 Annuity:
Next: 06/04/2004
013966-002000PC
Pending Nat. Phase
GTG (PCH)
CA EP
Chapter 2 Demand (Due): 01/05/1997 **Completed**
Chapter 2 National Phase Deadline: 12/05/1997 **Completed**
013966-002000US 5748874
Granted
GTG (PCH)
05/05/1998 4yr. m.fee
paid 5/16/01; m.fee statement 10/01; recordation date 09/26/95
(notice 5/13/96) foreign filing instructions 5//9/96 issue
notification
4/15/98; soft copies 5/8/98;
Response to Office Action: 08/06/1995 **Completed**
Foreign Filing Deadline: 06/04/1996 **Completed**
Response to Office Action: 10/24/1996 **Completed**
Response to Office Action: 04/14/1997 **Completed**
Response to final Office Action due (1st Deadline or Ext):
11/21/1997
**Completed**
Drawings Due: 02/05/1998 **Completed**
Issue Fee Due: 02/05/1998 **Completed**
Annuity: Next: 11/05/2005
013966-002600DE 69132511.1-08
Granted
(PCH)
01/17/2001 informed
CPI 5/16/01-fjc.
Annuity: End of Grace (Final Deadline): 08/27/2004
**Completed**
Annuity: Next: 02/27/2005
013966-002600EP 0521924
Granted
(PCH)
01/17/2001 Response:
10/03/1996 **Completed**
Response: 05/19/1998 **Completed**
Response: 12/27/1998
Response: 12/30/1999 **Completed**
01396
