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EXHIBIT 10.28
Termination of Letter Agreement and Security Agreement
Whereas,
EMC Corporation, a Massachusetts corporation, for itself and as
agent (the "Secured Party") and MTI Corporation, a Delaware
corporation (the
"Company") are parties to that certain Security Agreement dated as
of December
30, 2004 (the "Security Agreement") wherein the Company granted to
the Secured
Party a security interest in certain of the Company's assets;
and
Whereas,
the Secured Party and the Company are parties to that certain
Letter Agreement dated as of December 30, 2004 (the "Letter
Agreement" and
together with the Security Agreement, the "Agreements"); and
WHEREAS,
the Secured Party and the Company desire to terminate the
Agreements.
NOW
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Secured Party and
the Company
agree as follows:
1. The
Agreements are hereby terminated effective immediately. Without
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