Restore large database ERROR 5 (HY000)... Out of memory

[Justin Yaple]

Hello,

I am in the process of moving my databases to a new server. The original was a mysql 4.0.x and I dumped a backup using.
mysqldump -uroot --password='*' --all-databases --allow-keywords --add-drop-table --quick --quote-names >/var/lib/l1te/databasebackup.sql

The file is about 130GB.

The new server is mysql 5.1.51 but when I tried to restore the database I keep getting this out of memory error.
mysql -uroot --password='*' --quick --unbuffered < databasebackup.sql

I have tried to increase the memory in the system from 1GB to 2GB then to 4GB each time the backup gets further along but eventually errors stating it needs more memory that the time before.

Thanks.