EX-4.2 3 exhibit4_2.htm EXHIBIT 4.2 - EQUIPMENT TRANSFER AGREEMENT Exhibit 4.2

This EQUIPMENT TRANSFER AGREEMENT made in two original counterparts effective the 1st day of March 2003 (the "Effective Date").

BETWEEN:

MICROMEM TECHNOLOGIES INC.
(hereinafter called "Micromem")

- and -

THE GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO
(hereinafter called the "University")

WHEREAS the University has expertise in the area of magnetic material design and processing;

AND WHEREAS Micromem is engaged in the development of magnetic memory technologies and is collaborating with the University on research and development in connection with certain magnetic memory technology;

AND WHEREAS Micromem has provided direct financial support under a separate infrastructure agreement to assist the University in assembling a magnetic memory facility ("MMF") for the research and development and fabrication of magnetic memory;

AND WHEREAS Micromem is interested in providing further infrastructure support for the MMF, consisting of an in-kind contribution of equipment and supplies as more fully described in Appendix "A" attached hereto (the "Equipment");

In consideration of the mutual covenants contained herein and other good and valuable consideration (the receipt and sufficiency of which is acknowledged), Micromem and the University hereby agree as follows:
1.

Equipment. Micromem will provide the Equipment having an estimated value of $200,000.00 U.S. to the University for incorporation into the MMF.
   
2.

Principal Investigator. The University researcher responsible for the arrangements involved in receipt and installation of the Equipment shall be Professor Harry E. Ruda, of the University's Department of Materials Science and Engineering (the "Principal Investigator").
   
3.

Transfer of Equipment. On signing of this Agreement, Micromem shall deliver, assign and transfer to the University, all of the Equipment, free and clear of all claims, liens and encumbrances.
   
4.

Use of Equipment. The University will use the Equipment on a non-exclusive basis for conducting magnetic memory research and development under existing and future collaboration arrangements between the University and Micromem, and additionally for other research and educational purposes as it may deem appropriate and necessary from time to time.
   
5.

Intellectual Property. Neither party shall acquire any right or licence to any intellectual property now or hereafter owned or developed by the other party by virtue of this Agreement.

Page 1 of 12

6.

Limitation of Liability. Neither party shall be liable for any delays in the performance of its obligations under this Agreement resulting from circumstances or causes beyond such party's control and in no case shall such party be liable for loss of business or profit or other indirect or consequential damage.
   
7.

Term and Termination. This Agreement will enter into force as of the Effective Date and will terminate on the date of receipt of the Equipment by the University as specified in Paragraph 3.
   
8. Survival. The provisions of Paragraphs 4, 5, 6, 8 and 9 shall survive termination or expiration of this Agreement.
   
9.

No Use of Names. Neither party will use the name of the other party, or of any member of the other party's personnel, in any advertising or publicity without the prior written approval of the other party's authorized representative. However, both parties may make Micromem's support under this Agreement and the terms of this Agreement a matter of public record.
   
10. Notices. Notices under this Agreement will be sent to the parties as follows:
   
  (a) to the University:
   
    i. for technical and scientific matters:
       
      Professor Harry Ruda
Department of Materials Science and Engineering and
Energenius Centre for Advanced Nanotechnology
University of Toronto
170 College Street
Toronto, Ontario M5S 3E4
Tel. (416) 978-4556 / Fax (416) 978-3801
       
    ii. for legal and administrative matters:
       
      Dr. Peter B. Munsche
Assistant Vice-President, Technology Transfer
University of Toronto
Research Services
27 King's College Circle
Toronto, Ontario M5S IAl
Tel. (416) 978-6063 / Fax (416) 978-5821
       
  (b)   to Micromem:
       
    i. for all matters:
       
      Manoj Pundit
Executive Vice-President and General Counsel
Micromem Technologies Inc.
777 Bay Street, Suite 1910
Toronto, Ontario M5G-2E4
Tel: (416) 364-6513 x222 / Fax: (416) 360-4034

 

Page 2 of 12

 

11. Independent Parties. The parties are independent parties and nothing in this Agreement shall constitute either party as the employer, principal or partner of or joint venturer with the other party. Neither party has any authority to assume or create any obligation or liability, either express or implied, on behalf of the other.
   
12.

No Assignment. Neither party may sell, assign, encumber, licence or otherwise transfer any of its rights, duties or obligations under this Agreement without the prior written consent of the other party, which consent may not be unreasonably withheld.
   
13. Successors. This Agreement shall bind and enure to the benefit of the parties and their respective heirs, successors and permitted assigns.
   
14. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein.
   
15. Paragraph Headings. Paragraph headings are provided for convenience and shall not be used to construe this Agreement.
   
16.

Entire Agreement. This Agreement, including any appendices attached hereto, is the entire agreement between the parties on the subject matter hereof. No modification of this Agreement will be binding upon the parties unless it is in writing and signed by the parties.

In witness whereof the parties agree to be bound by the terms of this Agreement.

MICROMEM TECHNOLOGIES INC.   THE GOVERNING COUNCIL OF
THE UNIVERSITY OF TORONTO
     
"signed"   "signed"
Name: Joseph Fuda   Name: Peter B. Munsche
    Title: President and Chief Executive Officer

Acknowledgement:

I, the Principal Investigator, having read this Agreement, hereby agree to act in accordance with all the terms and conditions herein and applicable University policies, and further agree to ensure that all University participants are informed of their obligations under such terms and conditions.

"signed"                                                
Harry E. Ruda
Principal Investigator

Page 3 of 12

APPENDIX "A"

 

EQUIPMENT AND SUPPLIES TO BE GIVEN TO THE UNIVERSITY BY
MICROMEM FOR THE MAGNETIC MEMORY FACILITY

The new Magnetic Memory Facility (MMF) will constitute a state of the art facility with processing capabilities which will enable a variety of magnetic memory structures to be deposited and lithographically patterned. The following Equipment will be given to the University by Micromem and form part of the MMF:

# Items

MANUFACTURER

NAME/ TYPE/ MODEL

FUNCTION.

US$

C$

POWER SUPPLIES

2

KEITHLEY

KEITHLEY 228

Volta e/current source

Voltage and current

source

$5100 S. hand

$10900 (new)

-

2

AGILENT

TRIPLE OUTPUT DC

E3631A

3 x DC outputs

Included in the

cost of Scopes

below.

-

2

BK PRECISION

TRIPLE OUTPUT DC 1760

3 x DC outputs

$400 new)

-

FUCTION GENERATOR

1

STANFORD RESEARCH

FUNCTION GENERATOR

SRS DS345

30 MHz

1,652.75

-

MULTIMETER

2

FLUKE CORPORATION

FLUKE 83 III

Hand held low

precision meters

772.78

-

OSCILLOSCOPES/

ANALYSERS/ PROBES

2

HEWLETT PACKARD

INFINIUM OSCIL. 1.5GHz 8

Gs/s

Oscilloscope

55,273.51

-

-2

AGILENT

Miniature passive robe 1162A

Peripherals for scope

Part of above

-

-8

AGILENT

Miniature passive robe 1161A

Peripherals for scope

-do

-

-1

AGILENT

Software

Peripherals for scope

-do

-

-2

AGILENT

Voice control kit

Peripherals for scope

-do

-

-1

AGILENT

Active differential probe 1154A

500 MHz

Peripherals for scope

-do

-

-1

AGILENT

Active differential probe 1159 A

1 GHz

Peripherals for scope

-do

-

1 TEKTRONIX OSCIL. TD S220 100 MHz Oscilloscope $1500 (new) -
-1 TEKTRONIX 1 Gs/s 2 channels Peripherals for scope -do -
           
-2 TEKTRONIX Voltage Probe (cat II), P6112 Peripherals for -do -
- - - scope, 300V, - -
- - - 100MHz, voltage - -
- - - probe for - -
- - - Oscilloscope - -
-1 TEKTRONIX Probe 01-147, P6006 Peripherals for scope -do -
1 DELCO WIRE & CABLE/POMONA ELECTRONICS Wire RG 58C/U with BNC and a E-Z-Hook Co-axial wire with BNC Connectors for Oscilloscope -do -
           
1 HEWLETT PACKARD RF Impedance/Materials Impedance analyzer 29,900 -
-1 - Test fixture, Test station, Calibration kit Peripheral for analyzer Part of above -
           
    MISCELLANEOUS FOR PCB      
           
1 GLOBAL SPECIALTIES PROTO_BOARD PB-503 Circuits on board tester $300(new) -
1 GLOBAL SPECIALTIES AC ADAPTER 400 CAI Convert AC in DC signal - -
1 ZIP AC ADAPTER SG-511 - - -
2 JAMECO Breadboard JE27 PCB for test circuits with connectors for ICs components ?- -
- - Electronics components chips - - -
- - Lot of test samples comprising silicon chip mounted and on 14-Size Braze package - - -
- May be provided by TECHNOLOGY CORPORATION 5 - LD CPGA package 14-14 Size braze Package for mounting and wiring chips at wafer level - -
1 EVEREADY Class II Battery Charger, BT - $40 estimation -
1 WELLER SOLDERING STATION WES50 Soldering iron $98/156(new) -
-1 SOLDAPULLT Sold pullt, U;S 140 Desoldering tool - -
1 ? Box with drawers containing sine electronic components Storage for discrete components - -
           
    MISCELLANEOUS      
    - Electrical connectors (wires)
- Wires		      
2 JONARD INDUSTRIES CORP. Precision dynamometers GD-10 Hand held force gauges $310 (new) -
           
    VACUUM PUMPS      
           
1 GAST MANUFACTURING OIL-LESS VACUUM PUM 0523-V 191 Q-G588DX Single stage low vacuum pump $200 estimation/internet -
           
1 GAST MANUFACTURING DOL-101-AA Vacuum pump used with a sinner $150 estimation -
1 XXXX Vacuum wand To manipulate small samples $40 estimation -
           
    PROCESSING TOOLS/packaging      
           
1 CHEMAT TECHNOLOGY SPIN COATER KW-4A Resist spinner (used with a vacuum pump DOL-101-AA) 4,126.75 -
1 BARNSTEAD/ THERMOLYNE DIGITAL HOT PLATE 721A Hot plate, Waver baking $861 for a new one -
           
1 KULICKE & SOFFA INDUSTRIES INC. Manual wire wedge bonder 4526 - 25,130 -
-1 LEICA LEICA MICROSCOPE MZ6 Used with the wire bonder Part of above -
-16 AMERICA FINE WIRE Wire (300'):  alloy ALW-29S/Melt V29S-002 Fine wire used for devices interconnections -do -
-10 AMERICA FIND WIRE Wire (500'):  alloy ALW-29S/Melt V29S-002 Fine wire used for devices interconnections -do -
-3 EPOXY TECHNOLOGY EP-TEK H20E A/B Syringe with glue -do -
-5 EPOXY TECHNOLOGY INC. Needle VC 316N-SET4T For the syringes.  For glue application. -do -
35 MICRO SWISS Bonding, dicing tools 4 WNVO-202 5-W C-MOO Small sharp tips - -
           
11 SI-TECH, INC. Boxes of 25 silicon wafers: (100) FZ, polished, (*) 125mm, 375 um thick, type P boron doped, 100 Silicon bare wafers still
in their boxes		 7,425 -
1 WALKER SILTRONIC AG Box of 25 silicon wafers:  CZ, polished, +100mm, 525um thick, type P boron doped, Silicon bare wafers still
 in their box		 675 -
1 BLUE M/GENERAL SIGNAL BLUE M OVEN CR07-146 B/C For baking samples/wafers at a given temperature 1,700 -
           
1 LAB-LINE INSTRUMENTS TRANSONIC T820/H Ultrasonic bath Ultrasonic cleaner $1,500 (new) -
           
6 -TECHNI-TOOLS,
-REGIME		 Old tweezers For handling wafers and samples - -
           
           
    THIN FILM DEPOSITION      
           
1 INFICON IC/5 thin film deposition controller/Manual power control Controller for automatic thickness control during thin film deposition 9,058.66 -
           
1 KURT J. LESKER DUAL CRYSTAL SENSOR/
with SHUTTER L175021162		 Sensor for interfacing to Inficon $1695 (new) -
           
1 KURT J. LESKER SHUTTER CONTROL VALVE ASSEMBLY Shutter to interface with Inficon $245 (new) -
           
6 KURT J. LESKER MULTI-GAUGE L8350-302 Low vacuum/Ion gauge controller $850 (new) -
4 KURT J. LESKER Quartz Crucibles EVC5Q For Thermal evaporation  20.75 x 6 = $124.50 -
8 KURT J. LESKER Alumina Crucibles EVCIAO For Thermal evaporation  $12.45 x  8 = $99.6 -
4 KURT J. LESKER Aluminum oxide Crucibles EVC5AO For Thermal evaporation  17.8 x 4 = $71.2 -
8 KURT J. LESKER Tungsten basket heater EVB 103040W For Thermal evaporation  $2.75 x 8 = $22 -
5 KURT J. LESKER Tungsten basket heater EVB8A3025W For Thermal evaporation $18.5 x 5 = $90 -
10 KURT J. LESKER Molybdenum boat source EVS46005MO For Thermal evaporation  $35 -
3 KURT J. LESKER Tungsten boat alumina coated EVS8CAOW For Thermal evaporation $14 x 3 = $42 -
5 KURT J. LESKER Tungsten boat source EVS46005W For Thermal evaporation  $300 estimation -
           
           
    PELLETS/FOILS/TARGETS      
           
1 KURT J. LESKER (1 LB) Bottle of IRON pellets 99.95% pure, EVMFE35EXE For Thermal evaporation  465 per pound -
1 KURT J. LESKER 50 grams Bottle of MAGANESE PIECES pure, EVM035QXQ For Thermal evaporation Call for info
 1 800 245 1656		 -
1 KURT J. LESKER (1 LB) Bottle of COBALT pellets 99.95% pure, EVMC035QXQ For Thermal evaporation 485 per pound -
1 KURT J. LESKER (1 LB) Bottle of ZICONIUM pellets 99.9% pure, EVMZR30EXE For Thermal evaporation 510 per pound -
1 KURT J. LESKER 50 grams Bottle of GOLD pellets 99.99% pure, EVMAUXX40G For Thermal evaporation Call for info
1 800 245 1656		 -
1 ALDRICH CHEMICAL COMPANY, INC. Gold, shot, 1-6mm, 99.999%,
500mg, 32,654-2		 For Thermal evaporation  Call for info -
1 KURT J. LESKER (1 LB) Bottle of COPPER pellets 99.999% pure, EVMCU50EXE For Thermal evaporation 595 per pound -
1 KURT J. LESKER (1 LB) Bottle of TITANIUM pellets 99.995% pure, EVMT145EXE For Thermal evaporation 885 per pound -
1 KURT J. LESKER (1 LB) Bottle of NICKEL pellets 99.995% pure, EVMN145EXE For Thermal evaporation 535 per pound -
1 KURT J. LESKER 200 grams Bottle of CHROMIUM pieces 99.998% pure, EVMCR48-H For Thermal evaporation 240 -
1 KURT J. LESKER 50 grams Bottle of pellets 99.99% pure, EVMPT40SHOT For Thermal evaporation $110/piece
how many pieces? estimation		 -
           
3 ALDRICH CHEMICAL COMPANY, INC. IRON foils, 1 mm thick, 99.99+%,20g 26,688-4 For Thermal evaporation  - $533
2 ALDRICH CHEMICAL COMPANY, INC. NICKEL foils, 1 mm thick, 5x5cm 99.99+%, 22.4g
5		 For Thermal evaporation - $610 x 2 = $1,220
1 ALDRICH CHEMICAL COMPANY, INC. NICKEL foil, 1 mm thick, 5x5cm, 99.995%, 22.4 g
5		 For Thermal evaporation - $610
1 GOODFELLOW CAMBRIDGE LIMITED COBALT foil, 0.25 mm thick, 10x10 cm, 99.9%, 23.1g LS225104S JP For Thermal evaporation $1004 -
1 GOODFELLOW CAMBRIDGE LIMITED NICKEL foil, 2mm thick, 15x15cm, 99.0%, 411g LS225374 L C For Thermal evaporation $222 -
           
2 ANGSTRON SCIENCES ANTIMONY Sputtering 99.999%, 1.854" dia, 0.125" thick/verbal PO/ 00-11599 For Sputtering $370 -
2 ANGSTRON SCIENCES INDIUM Sputtering Target 99.99%, 1.854" dia, 0.125" thick/verbal PO/ 00-11599 For Sputtering  $200 estimation -
           
1 OMEGA ENGINEERING, INC. A bit of RHODIUM wire dia, SP13RH For thermocouples or for use in electrochemistry  Small Quantity, worthless -
1 OMEGA ENGINEERING, INC. A bit of pure PLATINUM 0.005" dia. For thermocouples or for use in electrochemistry  Small Quantity worthless -
           
    FERROFLUID      
           
2 FERROTEC Small bottle of ferofluid (25 Ferrosound EMG 707) Magnetic liquid for test purpose, or used as a magnetic medium in sealing, vacuum rotary feedthroughs $50 estimation -
1 CAROLINA SUPPLY COMPANY Small bottle, Ferrofluid 50Ml
 75-8210		 Magnetic liquid for test purpose, or used as a magnetic medium in sealing, vacuum rotary feedthroughs $50 estimation -
    SOFTWARE      
           
1 TANNER L-EDIT PRO/with manual MEMS design program  4,145 -
1 NATIONAL INSTRUMENTS LABVIEW Control software for driving electronic test equipment  5,456.33
849.36		 -
-1 - GPIB 1284C Controller Converter interface to GPIB 488.2 Part of above -
-2 - 4 meter IEEE-488 cable Cables -do -
-5 - 2 meter IEEE-488 cable Cables -do -
-1 - PC cable (centronics) Cables -do -
-1 - SCB-68 with 1 meter cable Make easier the connection between the test system and the Data Acquisition board of LABVIEW on PC  -do -
- - WINDOWS 2000 Pro Software - -
           
1 INTERSERV CORP. ELECTROMASK OPTICAL PATTERN GENERATOR SOFTWARE FOR DRIVING THE ELECTROMASK II PATATERN GENERATOR 22,000 -
           
           
    OPTICAL MICROSCOPE      
           
1 NIKON Microscope NIKON ti hot - 4,000 -
      - Price on caconline.com  -
-1 VOLPI MANUFACTURING USA CO., INC. Illuminator for Nikon Microso e: INTALUX 4000-1 - Part of above -
-1   Fiber optic cable for connection Nikon to illuminator - -do -
           
    ELECTROCHEMISTRY TOOLS       
           
1 CORNING Check-Mite PH-25, Cat no. 475663 Portable microprocessor based PH meter with LCD readout $58 -
1 CORNING Electrode G-P COMBO with RJ
Cat. No 476086 with calibration solution		 PH electrode for measuring PH in solutions $140 -
1 ACCUMET ELECTRODE 12-620-57 PH electrode for measuring PH in solutions - $182 fisher
           
1 HANNA INSTRUMENTS PICCOLO Plus PH/°C
With an HI 1295 amplified electrode/no buffer solution		 Measure solution PH and Temperature $138 272 fisher
           
           
    CHEMICAL GLASSWARE AND SUPPLIES       
           
3 CORNING Boxes of 12, 250 mil, graduated pyrex beakers - - $36.75/12 beakers
$110.25
1 CORNING Open box with 10, 250ml graduated ex beakers - - $30.6
2 CORNING Boxes of 6, 600ml, graduated pyrex beakers - - 2 x $6 = $12
6 CORNING 4000 ml, graduated pyrex beakers - - $18.78
11 CORNING Set (bottom-cover) pyrex dish of 150 x 20 mm - - $11.8/set
$130.68
12 I-CHEM BRAND 12 amber jar 60 ml with cover - - $38.40
6 I-CHEM BRAND PRODUCTS 6 amber jar (60ml) without cover - - $19.21
100 OXFORD LABWARE Disposable polypropylene Funnels with 6.5cm - - $42.58
1 PARTNER MEDICAL PRODUCTS INC. One pack of 500 disposable transfer pipettes 1 ml, General purpos  - - $58.73
1 PARTNER MEDICAL PRODUCTS INC. One open Pack of 500 disposable TRANSFER PIPETTES 1 ml, graduated, general purpose - - $58.73
6 BIBBY STERLIN LTD STONE Bottles with MTH 2000rnl with cover, Cat 164-0064 Containers for chemical solution for instance - $120 estimation
6 BIBBY STERLIN LTD STONE Bottles with MTH 2000rnl with cover, Cat 164-0064 Containers for chemical solutions for instance - $120 estimation
           
18 ENTEGRIS, INC. Cover for 125 mm single wafer Single wafer storage (new) $54 estimation -
28 ENTEGRIS, INC. Trays for 3" single wafer Single wafer storage (new) $140 estimation -
8 ENTEGRS, INC. Cover for 100 mm single new $24 estimation -
    - a set of used wafer trays       
1 JUSTRITES MFG. CO. Storage Cabinet for acids and Corrosives 24160 1001 Storage Cabinet for
acids and corrosives		 829.45 -
4 FISHERBRAND Microscope 25 slide box - - $20 estimation
6 FISHERBRAND Box of plain microscope 3x1x1mm - - $360 estimation
           
    INTERNAL SAMPLES, MASKS etc.      
1 BOX 1 - 6 Cubic Blacks boxes containing sets of aligner MASKS (glass-Chromium)
- a set of 8 black flat single container
- 3 Transparent Cylindrical Boxes containing processed wafers		 - - -
1 BOX 2 - a set of Cubic Blacks boxes containing sets of aligner MASKS (Glass-Chromium)
- a set of black flat single container containing aligner mask		 - - -
           
    BOOKS       
1 WILL RENWICK DIGITAL STORAGE SYSTEMS 1964, the Anchor Press Ltd., Tiptree, Essex. John Wiley & Sons, Inc. - -
1 FREDERICK A. LOWENHEIM Modern Electroplating Third edition, Wiley Interscience, 1974 John Wiley & Sons, Inc. - -
1 - Documents box:
- Clean Room notebooks,
- Papers about magnets and memories
- Documents related to Pageant Technologies  		- - -
           
    PC ACCESSORIES      
           
1 - Dismounted co uter - - -
1 SEGATE hard Drive ST32122A - - -
1 WESTERN DIGITAL Caviar 2700, WDA2700-OOF - - -
1 COMPAQ Modem, CT: P194BOIEZID087 - - -
1 SYMBIOS Logic SCSI SE SYM20403 - - -
1 3COM Fast Etherling, 10/100 base-TX Ethernet adapter  - -
    - Some memories      
    - Some floppy disks
- Mouse
- Some cables		      
           
    2 MRAM PLATIC MODELS