Document:

Termination Agreement and General Release

 Exhibit 10.1 
 TERMINATION AGREEMENT AND 
 GENERAL RELEASE OF ALL CLAIMS 
 This Termination Agreement and General Release (the “Agreement”) by and between Quantum Corporation, a Delaware corporation
(“Quantum” or “Company”), and Howard L. Matthews III (“Mr. Matthews”), collectively, (the “Parties”). 
 WHEREAS, the Company and Mr. Matthews have agreed to amicably end the employment relationship in accordance with the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the mutual promises set forth herein the Parties agree as follows. 
 1. Definition of Parties: References in this Agreement to “Quantum” shall include any and all parent, subsidiary and affiliated
corporations and business entities and all shareholders, officers, directors, agents, managers, representatives, attorneys, and successors and assigns of those corporations and entities. References in this Agreement to Howard L. Matthews, III or
Mr. Matthews shall include all of his representatives, attorneys, heirs, and successors and assigns. 
 2. Quantum’s
Consideration For Agreement: Quantum agrees to provide Mr. Matthews with the following benefits. These benefits are in addition to any payments or benefits for which Mr. Matthews is otherwise eligible as a result of the termination
of his employment: 
 a) Severance Pay. 
 Quantum agrees to pay Mr. Matthews the sum of Three Hundred Fifty Thousand Four dollars and no cents ($350,004.00), which represents his base salary for a 52-week period. This amount shall be paid by check in a
single lump sum less all regular payroll deductions on the Effective Date. 
 b) Benefit Continuation. 
 If Mr. Matthews is enrolled in a medical, dental, vision or Employee Assistance Program (EAP) plan sponsored by Quantum on the Termination Date, he
shall be entitled to continuation of such benefits at no additional cost to him through COBRA for the period of time beginning on the Termination Date and ending twelve months thereafter (the “Benefit Continuation Period”). The first two
months of benefit premiums will be paid directly by Quantum and will end June 30, 2007. Quantum will then compensate Mr. Matthews in cash equivalent (grossed-up for taxes) for the payment of his current health benefit premiums for an
additional ten months and, if Mr. Matthews chooses to do so, he may use these funds to continue benefits under COBRA. Thereafter, he has the option to continue coverage for the remainder of the COBRA period at his own cost. 
 c) Quantum shall continue Mr. Matthews’s group-term life insurance coverage in effect at the time of the Termination Date for sixty
(60) days following the Termination Date. If Mr. Matthews fails to make timely payment of his costs for such coverage, such coverage shall terminate effective as of the first day of the period for which timely payment was not received.

 d) Outplacement. 
 Quantum agrees to provide Mr. Matthews with an executive-level outplacement program through Right Management Consultants, for a period of up to six (6) months following Mr. Matthews’s last day of
regular employment. The cost of this service is to be billed directly to Quantum. 
 e) Stock Options. 
 Pursuant to Mr. Matthews’s new hire offer letter, Quantum agrees to fully vest one-half of Mr. Matthews’s outstanding stock options
that are unvested as of the Termination Date. The number of such unvested stock options that shall become fully vested on the Termination Date is 456,250. This additional vesting shall apply proportionately to each outstanding stock option grant. In
addition to the vesting of these stock options, Quantum agrees to extend the post-termination stock option exercise period to December 31, 2007 for all of Mr. Matthews’s stock options that are, or become, vested as of the Termination
Date. 
 f) Restricted Shares and Restricted Stock Units. 
 Quantum agrees to vest one-half of Mr. Matthews’s outstanding and unvested restricted shares and restricted stock units as of the Termination
Date. The number of such unvested restricted shares and restricted stock units that shall become fully vested as of the Termination Date is 102,500 shares. 
 3. Mr. Matthews’s Last Day of Regular Employment: Mr. Matthews’s last day of active regular employment at Quantum shall be March 31, 2007; thereafter, Mr. Matthews shall be
placed on inactive status until such time as the Termination Date occurs. During this period of inactive status Mr. Matthews will receive continuation pay. Mr. Matthews’s Termination Date is currently April 30, 2007. With the
prior consent of Mr. Matthews, Quantum reserves the right to reschedule or change the Termination Date without additional consideration. 
 4. Mr. Matthews’s Waiver of All Legal Claims: In consideration for the payments and promises described above, Mr. Matthews does hereby completely release and forever discharge Quantum from all claims, rights,
obligations, and causes of action of any and every kind and character, known or unknown, which Mr. Matthews may now have, or has ever had, arising from or in any way connected with the employment relationship between the parties, any actions
during that relationship, or the termination of that relationship. 
 This release includes but is not limited to: a) all “wrongful
discharge” or “wrongful termination” claims; b) all claims relating to any contracts of employment, express or implied; c) all claims for breach of any covenant of good faith and fair dealing, express or implied; d) all claims for any
tort of any nature; e) all claims for attorney’s fees and costs; and f) by way of example only and not limitation, this Agreement covers and discharges the following: (i) claims 

 
under the Age Discrimination in Employment Act of 1967, as amended; (ii) claims under the False Claims Act (31 USC §3730), including, but not
limited to, any right an award under its “qui tam” provisions; (iii) claims arising from any alleged violation by Employer or any agent, employee or other affiliated person or entity, of any federal, state, or local statutes,
regulations, ordinances or common laws; and (iv) claims involving continuing or future effects arising out of or resulting from any actions, practices or conditions which occurred or arose prior to the effective date of this Agreement.

 5. Confidentiality and Nondisclosure: 
 (a) Nondisclosure: Mr. Matthews further recognizes and agrees that all Company Proprietary Information is and shall be the sole property of the Company. As such Mr. Matthews agrees to hold all Proprietary
Information in strictest confidence and not directly or indirectly use or disclose it to anyone even after termination of Mr. Matthews’s employment, unless such disclosure is expressly authorized by an officer of the Company in
writing or required by a court of competent jurisdiction. 
 (b) As used in this Agreement, the term Proprietary Information means any
information held in confidence by the Company for the purpose of gaining a competitive or business advantage. Proprietary Information includes, but is not limited to, all (1) information regarding Company patent applications, trade secrets,
trademarks, copyrightable works, and inventions (whether or not patentable), including but not limited to mask works, ideas, processes, formulas, source and object codes, data, programs, other works of authorship, know-how, improvements,
discoveries, research, development, designs, techniques (referred to collectively as “Inventions”); (2) manufacturing techniques and procedures, production controls, processes, new products, marketing, selling and business plans,
budgets, projections, or results, unpublished financial information, licenses, prices, costs, suppliers and customers; (3) information regarding the skills and compensation of Mr. Matthews; and (4) information acquired or created by
Mr. Matthews during the period of his employment by the Company, whether or not during working hours, which references or incorporates any or all of the Proprietary Information. 
 6. Employee Acknowledgment of Civil Code § 1542: Mr. Matthews states that he has read Section 1542 of the Civil Code of the
State of California, which provides as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
 Mr. Matthews understands that Section 1542 gives him the right not to release existing claims of which he is not now aware, unless he voluntarily chooses to waive this right. Having been so apprised, Mr. Matthews nevertheless
hereby voluntarily elects to, and does, waive the rights described in Section 1542, and elects to assume all risks for claims that now exist in his favor, known or unknown, from the subject of this Agreement. 

 7. Unemployment Compensation: The parties agree that the termination of
Mr. Matthews’s employment by Quantum should be considered an involuntary termination for purposes of determining Mr. Matthews’s eligibility for unemployment compensation benefits, subject to the ultimate determination of
eligibility for benefits by the applicable governmental agencies. 
 8. Non-Admission Clause: Nothing in this Agreement shall
be construed as an admission by Quantum of any wrongdoing by the Company or any liability arising from the subjects covered in this Agreement. 
 9. Entire Agreement: This Agreement constitutes the entire understanding of the parties on the subjects covered. Mr. Matthews expressly warrants that: a) he has read and fully understands this Agreement; b) he has had the
opportunity to consult with legal counsel of his own choosing and to have the terms of the Agreement fully explained to him; c) he is not executing this Agreement in reliance on any promises, representations or inducements other than those contained
in this document; and d) he is executing this Agreement voluntarily, free of any duress or coercion. 
 10. Effective Date:
This Agreement shall become effective on the eighth (8th) day following the date on which Mr. Matthews signs it (the “Effective Date”). It is understood that Mr. Matthews may revoke his consent to this Agreement in the seven
day period following the date on which he signs the Agreement. 
 11. Compliance with Older Workers Benefit Protection Act:
Mr. Matthews acknowledges that Quantum has advised him: a) that he should consult with an attorney prior to signing this Agreement; b) that he has twenty-one (21) days in which to consider whether he should sign this Agreement;
c) that if he signs this Agreement, he will be given seven (7) days following the date in which he signs to revoke the Agreement and it would not be effective until after this seven-day period had lapsed; and d) has disclosed in Exhibit A
the job titles and ages (but not names) of persons selected for layoff and those retained in Mr. Matthews’s same job classification or department unit. 
 12. Return of Property: To the extent he has not already done so, Mr. Matthews shall upon his last day of regular employment, return to Quantum, all Quantum property, including all keys, credit
cards, files, documents, business records, customer records, computer discs, computer, telephone and other Quantum property and assets that may be in his possession or control. 
 13. Non-solicitation of Company Employees: Mr. Matthews agrees that for the period of one (1) year after the date of termination
of employment, Mr. Matthews will not directly or indirectly induce or solicit any employees of the Company to leave the Company’s employ. 
 14. Non-Disparagement: Mr. Matthews agrees not to make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take any action, which may, directly or
indirectly, disparage Quantum its officers, directors, 

 
advisors, businesses or reputations. Quantum agrees that it will not make statements or representations, or take any action which may, directly or
indirectly, disparage Mr. Matthews or his business or reputation. Notwithstanding the foregoing, nothing in this Agreement shall preclude either Mr. Matthews or Quantum from making truthful statements or disclosures that are required by
applicable law, regulation, or legal process. 
 15. Construction of Agreement: This Agreement shall not be construed in favor
of or against any of the parties hereto, regardless of which party initially drafted it. This Agreement was reached through arms-length negotiations by the parties and their respective counsel, and it represents a final, mutually agreeable
compromise. 
 16. Counterparts: This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original and all of which together shall be deemed to be one and the same instrument. 
 17. Governing Law: This
Agreement will be governed by and construed according to the laws of the State of California, without regard to those provisions relating to selection and conflict of laws. 
 Acknowledged and Agreed: 
  

					
	Dated: March 9, 2007	 		 	 /s/ Barbara Barrett

		 		 	Barbara Barrett
		 		 	For Quantum Corporation
			
	Dated: March 9, 2007	 		 	 /s/ Howard L. Mathews, III

		 		 	Howard L. Matthews, IIIModification Number One to Promissory Note

 Exhibit 10.1 
 MODIFICATION NUMBER ONE 
 TO PROMISSORY NOTE 
 RGC Resources, Inc. 
 519 Kimball Avenue 
 Roanoke, Virginia 24030 
 (Hereinafter referred to as “Borrower”)

 Wachovia Bank, National Association 
 Roanoke, Virginia 24011

 (Hereinafter referred to as “Bank”) 
 IMPORTANT NOTICE 
 THIS AGREEMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS YOU MAY HAVE
AS A BORROWER AND ALLOWS BANK TO OBTAIN A JUDGMENT AGAINST YOU WITHOUT FURTHER NOTICE. 
 THIS AGREEMENT is entered into as of March 20, 2007 by and
between Bank and Borrower. 
 RECITALS 
 Bank is the holder of a Promissory Note executed and delivered by Borrower, dated March 24, 2006, in the original principal amount of $1,000,000.00 (the “Note”); 
 Borrower and Bank have agreed to modify the terms of the Note. 
 In consideration of Bank’s continued extension of
credit and the agreements contained herein, the parties agree as follows: 
 AGREEMENT 
 ACKNOWLEDGMENT OF BALANCE. Borrower acknowledges that the most recent Commercial Loan Invoice sent to Borrower with respect to the Obligations under the Note is
correct. 
 MODIFICATIONS. 
 The Note is hereby modified
by deleting the provisions in the Note establishing the repayment terms and substituting the following in their place and stead: 
 REPAYMENT TERMS.
The Note shall be due and payable in consecutive monthly payments of accrued interest only, commencing on April 1, 2007, and continuing on the same day of each month thereafter until fully paid. In any event, all principal and accrued interest
shall be due and payable on March 31, 2008. 
 AUTOMATIC DEBIT OF CHECKING ACCOUNT FOR LOAN PAYMENT. Borrower authorizes Bank to debit its demand
deposit account or any other account with Bank (routing number 051400549) designated in writing by Borrower, beginning April 1, 2007 for any payments due under this Note. Borrower further certifies that Borrower holds legitimate ownership of
this account and preauthorizes this periodic debit as part of its right under said ownership. 
 ACKNOWLEDGMENTS AND REPRESENTATIONS. Borrower
acknowledges and represents that the Note and other Loan Documents, as amended hereby, are in full force and effect without any defense, counterclaim, right 

 
or claim of set-off; that, after giving effect to this Agreement, no default or event that with the passage of time or giving of notice would constitute a
default under the Loan Documents has occurred, all representations and warranties contained in the Loan Documents are true and correct as of this date, all necessary action to authorize the execution and delivery of this Agreement has been taken;
and this Agreement is a modification of an existing obligation and is not a novation. 
 MISCELLANEOUS. This Agreement shall be construed in
accordance with and governed by the laws of the applicable state as originally provided in the Loan Documents, without reference to that state’s conflicts of law principles. This Agreement and the other Loan Documents constitute the sole
agreement of the parties with respect to the subject matter thereof and supersede all oral negotiations and prior writings with respect to the subject matter thereof. No amendment of this Agreement, and no waiver of any one or more of the provisions
hereof shall be effective unless set forth in writing and signed by the parties hereto. The illegality, unenforceability or inconsistency of any provision of this Agreement shall not in any way affect or impair the legality, enforceability or
consistency of the remaining provisions of this Agreement or the other Loan Documents. This Agreement and the other Loan Documents are intended to be consistent. However, in the event of any inconsistencies among this Agreement and any of the Loan
Documents, the terms of this Agreement, and then the Note, shall control. This Agreement may be executed in any number of counterparts and by the different parties on separate counterparts. Each such counterpart shall be deemed an original, but all
such counterparts shall together constitute one and the same agreement. Terms used in this Agreement which are capitalized and not otherwise defined herein shall have the meanings ascribed to such terms in the Note. LIMITATION ON LIABILITY;
WAIVER OF PUNITIVE DAMAGES. EACH OF THE PARTIES HERETO, INCLUDING BANK BY ACCEPTANCE HEREOF, AGREES THAT IN ANY JUDICIAL, MEDIATION OR ARBITRATION PROCEEDING OR ANY CLAIM OR CONTROVERSY BETWEEN OR AMONG THEM THAT MAY ARISE OUT OF OR BE IN ANY
WAY CONNECTED WITH THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY OTHER AGREEMENT OR DOCUMENT BETWEEN OR AMONG THEM OR THE OBLIGATIONS EVIDENCED HEREBY OR RELATED HERETO, IN NO EVENT SHALL ANY PARTY HAVE A REMEDY OF, OR BE LIABLE TO THE OTHER FOR,
(1) INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES OR (2) PUNITIVE OR EXEMPLARY DAMAGES. EACH OF THE PARTIES HEREBY EXPRESSLY WAIVES ANY RIGHT OR CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES THEY MAY HAVE OR WHICH MAY ARISE IN THE FUTURE IN
CONNECTION WITH ANY SUCH PROCEEDING, CLAIM OR CONTROVERSY, WHETHER THE SAME IS RESOLVED BY ARBITRATION, MEDIATION, JUDICIALLY OR OTHERWISE. Final Agreement. This Agreement and the other Loan Documents represent the final agreement between the
parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 
 Borrower reaffirms and restates the following with respect to the Note as modified herein: 
 CONFESSION OF JUDGMENT.
Each Borrower hereby constitutes and appoints John G. Fox, Thomas G. Cooper, Sr. (each of whom is an officer of Bank), and Bank through an officer duly authorized by Bank (any of the foregoing may act), as the true and lawful attorneys-in-fact for
them, in any or all of their names, place and stead, and upon the occurrence of a Default in the payment of the Obligations due under this Agreement, at maturity, or upon acceleration, to confess judgment against them or any of them, in favor of
Bank, before the Clerk of the Circuit Court for City of Richmond, Virginia, in accordance with 1950 Code of Virginia, Section 8.01-431 et seq., and any successor statute, for all amounts owed with respect to the Obligations under and
pursuant to this Agreement including, without limitation, all costs of collection and attorneys’ fees in an amount equal to 15% of the Obligations then outstanding (which shall be deemed reasonable attorneys’ fees for the purposes of this
paragraph), and court costs, hereby ratifying and confirming the acts of said attorney-in-fact as if done by themselves. Upon request of Bank, each Borrower will execute an amendment or other agreement substituting attorneys-in-fact appointed to act
for each Borrower hereunder. 
 WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF BORROWER BY EXECUTION HEREOF AND BANK BY
ACCEPTANCE HEREOF, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT EACH MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION 
  

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 WITH THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONNECTION WITH THIS AGREEMENT,
OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY WITH RESPECT HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO BANK TO ACCEPT THIS AGREEMENT. EACH OF THE PARTIES AGREES THAT THE
TERMS HEREOF SHALL SUPERSEDE AND REPLACE ANY PRIOR AGREEMENT RELATED TO ARBITRATION OF DISPUTES BETWEEN THE PARTIES CONTAINED IN ANY LOAN DOCUMENT OR ANY OTHER DOCUMENT OR AGREEMENT HERETOFORE EXECUTED IN CONNECTION WITH, RELATED TO OR BEING
REPLACED, SUPPLEMENTED, EXTENDED OR MODIFIED BY, THIS AGREEMENT. 
 IN WITNESS WHEREOF, the undersigned have duly signed and sealed this Agreement the
day and year first above written. This document is to be DEEMED EFFECTIVE AS OF APRIL 1, 2007. 
  

					
	RGC Resources, Inc.	 	  
			
	 By:
	 	 /s/ John B. Williamson, III 
	 	 (SEAL)

		 	 John B. Williamson, III, CEO/President
	 	
			
	 By:
	 	 /s/ Howard T. Lyon 
	 	 (SEAL)

		 	 Howard T. Lyon, Controller/Treasurer
	 	
		
	Wachovia Bank, National Association	 	
			
	 By:
	 	 /s/ Arnold W. Adkins, Jr. 
	 	 (SEAL)

		 	 Arnold W. Adkins, Jr., Vice President
	 	

  

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