Lease Termination Notice from RREEF Management Company to MTI Technology Corporation for 17595 Cartwright Road, Irvine, CA

Summary

RREEF Management Company, as landlord, notifies MTI Technology Corporation that it is exercising its right to terminate the lease for the property at 17595 Cartwright Road, Irvine, CA, effective August 31, 2007, in accordance with Article 9.3 of their lease agreement. The lease will end as if this date was the original expiration date, and MTI must return the premises in the condition specified in the lease. This letter serves as the official termination notice.

EX-10.1 2 a33166exv10w1.txt EXHIBIT 10.1 Exhibit 10.1 (RREEF LOGO) 7245 Garden Grove Blvd., Suite E Garden Grove, CA 92841 ###-###-#### F ###-###-#### WWW.RREEF.COM July 18, 2007 VIA FACSIMILE ###-###-#### AND E-MAIL TO ***@*** Mr. Thomas Raimondi, Jr. MTI TECHNOLOGY CORPORATION 17595 Cartwright Road Irvine, CA 92614 RE: LETTER OF TERMINATION - 17595 CARTWRIGHT ROAD, IRVINE, CA Dear Tom: Please accept this letter as Landlord's notice that it intends to exercise its option to terminate pursuant to Article 9.3 of the Lease dated July 31, 2005. Therefore, pursuant to said Article 9.3, effective August 31, 2007 your Lease shall terminate under the same terms and conditions as if this date had originally been fixed in the Lease for the expiration of the Term. We refer you to Article 26 and Addendum Paragraph 5 for the condition in which you are to return the Premises. Should you have any questions, please do not hesitate to contact me. Thank you. Yours truly, RREEF MANAGEMENT COMPANY /s/ Krysti Galvin Krysti Galvin District Manager