Um... TITLE.DB needs to be put on a memory card... and I believe that *** HDD Format can be used to format the drive as well as HD Loader...
I did a search for PS2 Independence Exploit and came across a sight that had a gamesave of the exploit with the TITLE.DB file with several hundred PS1 titles available to use... then used the AR MAX to copy to MC... you could use your friends Modded PS2 to oad EXEcFTP to copy this file to your MC... it has all the tools that you will need (besides MCManager and Launch Elf)
After installing the exploit save you can format the drive, install games (has HD Loader included), and use EXEcFTP or HDL-Dump to put files on the MC and HD.
PS3 Slim 320GB
PS2 v11 exploit w/300GB Maxtor
PS2 v10 exploit w/80GB Samsung - Network Games
PS2 v10 exploit w/60GB Samsung - Network Games
PSP 1001 3.52M33 w/10GB total storage
NDS DSReal 4GB