Document:

Exhibit 10.5

RESTRICTED ACCOUNT AGREEMENT

This
Restricted Account Agreement (this “Agreement”)
is entered into this 29th day of March 2007, by and among NORTH FORK BANK, a New York banking
corporation with offices at 275 Broadhollow Road, Melville, New York 11747
(together with its successors and assigns, the “Bank”), MICRO COMPONENT TECHNOLOGY, INC., a Minnesota corporation
with offices at 2340 West County Road C, St. Paul, MN 55113-2528  (together with its successors and assigns,
the “Company”), and LAURUS MASTER FUND, LTD., a Cayman Islands corporation with
offices at c/o M&C Corporate Services Limited, P.O. Box 309 GT, Ugland
House, South Church Street, George Town, Grand Cayman, Cayman Islands (together
with its successors and assigns, “Laurus”).  Unless otherwise defined herein, capitalized
terms used herein shall have the meaning provided such terms in the Purchase
Agreement referred to below.

WHEREAS, Laurus
has provided financing to the Company, which financing is evidenced by a
Securities Purchase Agreement (as amended, modified or supplemented from time
to time, the “Purchase Agreement”) and the Related Agreements referred to
therein;

WHEREAS, the
Company and Laurus have retained the Bank to provide certain services with
respect to the Restricted Account (as defined below); and

WHERERAS, the
Company and Laurus have agreed that an amount of cash equal to $964,500 shall
be deposited by Laurus on behalf of the Company by wire transfer of immediately
available funds into the Restricted Account, which cash shall be held by the
Bank for the benefit of Laurus, as security for the Company’s and its
Subsidiaries’ obligations under the Purchase Agreement and the Related
Agreements.  For the purposes of this
Agreement, the “Restricted Account” shall mean that certain deposit account (as
defined in Section 9-102 of the Uniform Commercial Code as in effect in the
State of New York on the date hereof) described on Exhibit B hereto, which
Restricted Account shall be maintained at the Bank and shall be in the sole dominion
and control of Laurus;

NOW THEREFORE, in
consideration of the mutual promises contained herein and for other good and
valuable consideration the sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

1.             The Bank is hereby authorized to
accept for deposit into the Restricted Account the sum of $964,500.  The Bank hereby agrees to hold any and all
monies, and other amounts from time to time on deposit and/or held in the
Restricted Account for the benefit of the Laurus and shall not release any
monies held in the Restricted Account until such time as the Bank shall have
received a notice from Laurus substantially in the form attached hereto as
Exhibit A (a “Release Notice”). 
Following the receipt of a Release Notice from Laurus, the Bank agrees
to promptly disburse the amount of cash referred to in such Release Notice to
such account as Laurus shall determine in its sole discretion.  The Bank hereby agrees that it will only
comply with written instructions originated by Laurus directing disposition of
funds in the Restricted Account.  The
Company hereby irrevocably authorizes the Bank to comply with any and all

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instructions given to the Bank by Laurus with respect
to the Restricted Account without further consent by the Company.  The Bank, the Company and Laurus agree that
the Restricted Account is in Laurus’ sole dominion and control.

2.             Each of the Company, Laurus and the
Bank hereby agrees that the Restricted Account shall not be closed, and the
account name and account number in respect thereof shall not be changed, in any
case, without the consent of the Laurus, except as specifically provided for in
Section 9 below.

3.              The Bank hereby subordinates any
claims and security interests it may have against, or with respect to, the
Restricted Account (including any amounts from time to time on deposit therein)
to the security interests of Laurus therein, and agrees that no amounts shall
be charged by it to, or withheld or set-off or otherwise recouped by it from,
the Restricted Account or any amounts from time to time on deposit therein;
provided that, in connection with all service charges and any other charges
which the Bank is entitled to receive in connection with the servicing and
maintaining of the Restricted Account (such charges, collectively, the “Charges”),
each of the Company, Laurus and the Bank hereby agrees that the Bank will
collect such Charges in the following manner: (i) first, the Bank will charge
other deposit accounts maintained by the Company with the Bank, (ii)
second,   in the event that there are
insufficient collected funds in such other deposit accounts to pay such
Charges, the Bank will promptly notify the Company and Laurus with respect to
same and,   within seven (7) business
days of the Company’s receipt of such notice, the Company shall pay to the Bank
the full amount of such Charges then due, and (iii) third,  if the Company fails to pay to the Bank such
Charges then due within the time period set forth in the preceding clause (ii),
the Bank will promptly provide a written notice to Laurus of such occurrence
and,   in such case, the Bank is hereby
authorized, following a period of five (5) business days after the receipt of
such written notice by Laurus, to deduct such Charges then due from the
Restricted Account, unless, during such five (5) business day period, Laurus
pays the amount of any such Charges then due to the Bank from its own
account.  Except for the payment of the
Charges as set forth in the immediately preceding proviso, the Bank agrees that
it shall not offset, deduct or claim against the Restricted Account unless and
until Laurus has notified the Bank in writing that all of the Company’s
obligations under the Purchase Agreement and the Related Agreements have been
performed.

4.             The Company and the Bank agree that
the maintenance by the Bank of the Restricted Account shall be as agent for
Laurus.  The Bank shall be responsible
for the performance of only such duties as are set forth herein.  The Bank’s duties hereunder, however, are
merely ministerial, and the Bank shall have no liability or obligation to the
Company or Laurus or to any other person for any act or omission of the Bank in
connection with the performance of the Bank’s duties in servicing and/or
maintaining the Restricted Account, except for acts of gross negligence or
willful misconduct by Bank.    IN NO
EVENT, HOWEVER, SHALL THE BANK HAVE ANY RESPONSIBILITY FOR CONSEQUENTIAL,
INDIRECT, SPECIAL OR EXEMPLARY DAMAGES OR LOST PROFITS, WHETHER OR NOT IT HAS
NOTICE THEREOF, AND REGARDLESS OF THE BASIS, THEORY OR NATURE OF THE ACTION
UPON WHICH THE CLAIM IS ASSERTED, NOR SHALL IT HAVE ANY RESPONSIBILITY OR
LIABILITY FOR THE VALIDITY OR ENFORCEABILITY OF ANY SECURITY INTEREST OR OTHER
INTEREST OF LAURUS OR  THE COMPANY IN THE
RESTRICTED ACCOUNT.  In furtherance of
and without limiting the foregoing, the Company and Laurus agree that the Bank
shall not be liable for any damage or loss to them for any delay or failure of
performance arising out of the acts or omissions of any third parties,
including, but

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not limited to, various communication services,
courier services, the Federal Reserve system, any other bank or any third party
who may be affected by funds transactions, fire, mechanical, computer or
electrical failures or other unforeseen contingencies, strikes or any similar
or dissimilar cause beyond the reasonable control of the Bank. This paragraph
shall survive the termination of this Agreement.

5.  Except where the Bank has been grossly
negligent or has acted in bad faith, each of Laurus and the Company and their
respective successors and assigns will release the Bank from and shall
indemnify and hold the Bank harmless from and against any and all losses,
claims, damages, liabilities, costs and expenses (including, without limitation,
reasonable counsel fees, whether arising in an action or proceeding among the
parties hereto or otherwise, without regard to the merit or lack of merit
thereof) to which the Bank may become subject, or which it may suffer or incur,
arising out of or based upon this Agreement or the actions contemplated
hereby.  This paragraph shall survive
termination of this Agreement.

6.             The Bank shall be fully protected
in acting on any order or direction by Laurus respecting the items received by
the Bank or the monies or other items in the Restricted Account without making
any independent inquiry whatsoever as to Laurus’ rights or authority to give
such order or direction or as to the application of any payments made pursuant
thereto.

7.             Nothing in this Agreement shall be deemed to prohibit
the Bank from complying with its customary procedures in the event that it is
served with any legal process with respect to the Restricted Account.

8.             The rights and powers granted in this to Laurus have
been granted in order to protect and further perfect its security interests in
the Restricted Account (including any amounts from time to time on deposit
therein) and are powers coupled with an interest and will be affected neither
by any purported revocation by the Company of this Agreement or the rights
granted to Laurus hereunder or by the bankruptcy, insolvency, conservatorship
or receivership of the Company or the Bank or by the lapse of time.

9.             This Agreement may not be amended or waived except by an
instrument in writing signed by each of the parties hereto.  This Agreement may be terminated by the Bank
upon giving the Company and Laurus thirty (30) days prior written notice.  Laurus shall designate a successor bank on or
prior to the effective date of such termination and the Bank shall deliver the
balance in the Restricted Account to such successor bank.   Any notice required to be given hereunder
may be given, and shall be deemed given when delivered, via telefax, U.S. mail
return receipt requested or nationally recognized overnight courier to each of
the parties at the address set forth above. 
This Agreement may be executed in any number of counterparts, each of
which shall be an original and all of which, when taken together, shall constitute
one agreement.  Delivery of an executed
signature page of this Agreement by facsimile transmission shall be effective
as delivery of a manually executed counterpart hereof or thereof, as the case
may be.  This Agreement shall be governed
by, and construed in accordance with, the laws of the State of New York,
without regard to its conflict of laws principles.  This Agreement sets forth the entire
agreement between the parties hereto as to the matters set forth herein and
supersede all prior communications, written or oral, with respect to the
matters herein.  EACH OF THE

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PARTIES HERETO HEREBY WAIVES ANY RIGHT TO TRIAL BY
JURY WITH RESPECT TO ANY CLAIM, ACTION, SUIT OR PROCEEDING ARISING OUT OF OR
CONTEMPLATED BY THIS AGREEMENT.   THE
BANK, THE COMPANY AND LAURUS EACH HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION
OF THE FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE COUNTY OF NEW YORK IN
CONNECTION WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS
CONTEMPLATED HEREBY OR THEREBY.

*         *         *         *

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Agreed and
accepted this 29th day of March 2007.

	
  

  	
  NORTH FORK BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LAURUS MASTER FUND, LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Grin

  
	
   

  	
  Name:

  	
  David Grin

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  MICRO COMPONENT TECHNOLOGY, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Roger Gower

  
	
   

  	
  Name:

  	
  Roger Gower

  
	
   

  	
  Title:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  

 

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EXHIBIT A

(i)                RELEASE NOTICE

To:         North
Fork Bank

404 Fifth Ave.,  Suite 1
 New York, NY  10018

Re:        Account
Name:                                           
 Account Number:                                       

Reference is made to that certain Restricted Account
Agreement, dated as of [Month] __, 2006 (the “Restricted Account Agreement”),
among North Fork Bank (the “Bank”),
Newco (the “Company”), and Laurus Master Fund, Ltd. (“Laurus”).

This is to notify you that Laurus authorizes the
release of $_____________ (the “Release Amount”) from the account referenced
above in accordance with the terms of the Restricted Account Agreement.  Within one business day following the receipt
of this Release Notice, the Bank hereby agrees to wire the Release Amount (or,
in the event that the amount in the Restricted Account is less than the Release
Amount, such lesser amount) to the following account in accordance with the
wire instructions set forth below:

[Insert
Wire Instructions]

 

	
  

  	
  LAURUS MASTER FUND, LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

Agreed and
accepted this       day of                      
2006.

	
  NORTH FORK BANK

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

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EXHIBIT B

Restricted Account

	
  ·

  	
  Bank:

  	
  North Fork Bank

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ·

  	
  Bank Routing Number:

  	
  021407912

  	
   

  
	
   

  	
  Attn:

  	
   

  	
   

  
	
   

  	
  Phone:

  	
  212-967-9400

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Account Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Account #:

  	
   

  	
   

  

 

 7Exhibit 10.6

LAURUS MASTER
FUND, LTD.

c/o M&C
Corporate Services Limited

P.O. Box 309 GT

Ugland House

South Church Street

George Town

Grand Cayman, Cayman Islands

March 29, 2007

Micro Component
Technology, Inc.

2340 West County Road C

St. Paul, Minnesota 55113-2528

Attention:              Chief Financial
Officer

Facsimile:               651-697-4200

Re:         Restricted
Account: Account Number _________________ ,

Account Name: _____________, maintained at North Fork Bank (the “Restricted
Account”).

Reference is made
to (i) that certain Securities Purchase Agreement, dated as of March 29, 2007
(as amended, restated, modified and/or supplemented from time to time, the “Purchase
Agreement”), by and between Micro Component Technology, Inc., a Minnesota
corporation (the “Company”), and Laurus Master Fund, Ltd. (the “Purchaser”) and
(ii) that certain Restricted Account Agreement, dated as of March 29, 2007 (as
amended, restated, modified and/or supplemented from time to time, the “Restricted
Account Agreement”), by and among the Company, Laurus and North Fork Bank (the “Bank”).  Capitalized terms used but not defined herein
shall have the meanings ascribed them in the Purchase Agreement or the
Restricted Account Agreement, as applicable. 
Pursuant to the Section 3.2 of the Purchase Agreement, the Company is
required to place $964,500 in the Restricted Account, and, subject to the
provisions of this letter, the Purchase Agreement and any Related Agreement,
maintain such amount in the Restricted Account for as long as the Purchaser
shall have any obligations outstanding under the Note and to assign the
Restricted Account for the benefit of the Purchaser as security for the
performance of the Company’s obligations to the Purchaser.

So long as no Event of
Default has occurred and is continuing, the Company may request that the
Purchaser direct the Bank to release all or any portion of the amounts
contained in the Restricted Account in connection with the purchase of
parts and labor necessary to develop Demo Equipment.   Such a release referred to in the immediately
preceding sentence shall be subject (in all respects) to the Purchaser’s
evaluation of all factors that it considers (in its sole discretion) relevant
at the time of such requested release, including its determination (i) of the
relative benefit of such release to the Company and its Subsidiaries and (ii)
of the overall performance (financial or otherwise) of the Company and its
Subsidiaries at such time.  The Purchaser
shall not be under any obligation to release any amount pursuant to this paragraph
and

the release of such amounts shall be in the Purchaser’s
sole and absolute discretion. Prior to any such acquisition referred to in this
paragraph, the Purchaser shall comply with Section 6.12(f) of the Purchase
Agreement in all respects.

This letter may not be amended or waived except by an
instrument in writing signed by the Company and the Purchaser.  This letter may be executed in any number of
counterparts, each of which shall be an original and all of which, when taken
together, shall constitute one agreement. 
Delivery of an executed signature page of this letter by facsimile
transmission shall be effective as delivery of a manually executed counterpart
hereof or thereof, as the case may be. 
This letter shall be governed by, and construed in accordance with, the
laws of the State of New York.  This
letter sets forth the entire agreement between the parties hereto as to the
matters set forth herein and supersede all prior communications, written or
oral, with respect to the matters herein.

If
the foregoing meets with your approval please signify your acceptance of the
terms hereof by signing below.

	
  

  	
  Signed,

  
	
   

  	
   

  
	
   

  	
  Laurus Master Fund, Ltd.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Grin

  
	
   

  	
  Name:

  	
  David Grin

  
	
   

  	
  Title:

  	
  Director

  

 

Agreed and
Accepted this 29th day of March 2007.

	
  Micro Component Technology, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Roger Gower

  	
   

  
	
  Name:

  	
  Roger Gower

  	
   

  
	
  Title:

  	
  Chief Executive Officer

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