Document:

<PAGE>   1

                                                                     EXHIBIT 4.2

                                VOTING AGREEMENT
                                  by and among

                               QUANTUM CORPORATION

                                       and
                               [                 ]

                           Dated as of October 3, 2000

<PAGE>   2

     THIS VOTING AGREEMENTS, dated as of October 3, 2000 (this "Agreement"),
between Quantum Corporation, a Delaware corporation ("Parent"), and [_________],
a stockholder of the Company (the "Stockholder").

     WHEREAS, as of the date hereof, the Stockholder is the registered owner of,
or has the power to vote, [___] shares of common stock of the Company ("Company
Common Stock");

     WHEREAS, Parent and the Company propose to enter into an Agreement and Plan
of Merger and Reorganization dated as of even date herewith (the "Merger
Agreement," which term does not include any amendment thereto), which provides
for, among other things, the merger of a wholly owned subsidiary of the Company
with and into Spinco upon the terms and subject to the conditions set forth in
the Merger Agreement; capitalized terms used herein but not defined shall have
the meanings ascribed to them in the Merger Agreement;

     WHEREAS, Parent has requested that the Stockholder agree, and, in order to
induce Parent to enter into the Merger Agreement, the Stockholder has agreed to
enter into this Agreement;

     NOW, THEREFORE, in consideration of the premises and of the mutual
agreements and covenants set forth herein, and intending to be legally bound
hereby, the parties hereto hereby agree as follows:

     1.   VOTING OF SHARES

          1.1  Voting of Shares and Proxy.

     At every meeting of the stockholders of the Company called, and at every
adjournment thereof, and on every action or approval by written consent of the
stockholders of the Company, the Stockholder shall cause the Shares (as defined
below) to be voted: (i) in favor of the adoption of the Merger Agreement and the
other transactions contemplated by the Merger Agreement; (ii) against any
proposal for any merger, consolidation, sale of assets, recapitalization or
other business combination involving the Company (other than the Merger) or any
other action or agreement that would result in a breach of any covenant,
representation or warranty or any other obligation or agreement of the Company
under the Merger Agreement or which would result in any of the conditions to the
Company's obligations under the Merger Agreement not being fulfilled; and (iii)
in favor of any other matter relating to consummation of the transactions that
is provided for by the Merger Agreement.

     "Shares" shall mean: (i) all securities of the Company (including all
shares of Company Common Stock and all options, warrants and other rights to
acquire such securities) owned by the Stockholder as of the date of this
Agreement; and (ii) all additional securities of the Company (including all
shares of Company Common Stock and all additional options, warrants and other
rights to acquire such securities) of which the Stockholder acquires ownership
during the period from the date of this Agreement through the termination of
this Agreement. In the event of a stock dividend or distribution, or any change
in Company Common Stock by reason of any stock dividend or distribution, or any
change, in Company Common Stock by reason of any stock dividend, split-up,
recapitalization, combination, exchange of shares or the like, the term "Shares"
shall be deemed

                                       2

<PAGE>   3

to refer to and include the Shares as well as all such stock dividends and
distributions and any securities into which or for which any or all of the
Shares may be changed or exchanged or which are received in such transaction.
Nothing in this Agreement is intended to restrict or in any way affect action
taken or omitted by any individual affiliated with the Stockholder in such
person's capacity as a director or officer of the Company.

     Concurrently with the execution of this Agreement, the Stockholder agrees
to deliver to Parent a proxy in the form attached hereto as Exhibit A (the
"Proxy"), which shall be irrevocable to the fullest extent permissible by law
but subject to termination as stated therein, with respect to the Shares.

     The Stockholder hereby gives any consent or waivers that are reasonably
required for the consummation of the Merger under the terms of any agreements to
which the Stockholder is a party.

     2.   RESTRICTIONS ON TRANSFERS OF SHARES

          2.1  Restrictions on Transfer of Shares Prior to the Effective Time.

               (a)  Prior to the Effective Time, the Stockholder hereby agrees
not to take any of the following actions, except in accordance with subsection
(b) of this Section 2.1 or as provided in the Merger Agreement:

                    (i)  tender any of the Stockholder's Shares or any
securities convertible into or exchangeable or exercisable for the Stockholder's
Shares to any person;

                    (ii) sell, transfer, distribute, pledge, encumber, assign or
otherwise dispose of (or enter into any transaction or device that is designed
to, or could reasonably be expected to, result in the disposition by any person
at any time in the future of) any of the Stockholder's Shares or any securities
convertible into or exchangeable or exercisable for the Stockholder's Shares;

                    (iii) enter into any swap or other derivatives transaction
that transfers to another, in whole or in part, any of the economic benefits or
risks of ownership of any of the Stockholder's Shares;

                    (iv) enforce or permit the execution of the provisions of
any redemption, share purchase or sale, recapitalization or other agreement with
the Company;

                    (v) deposit any of the Stockholder's Shares into a voting
trust or depositary facility or enter into a voting agreement or arrangement
with respect to any Shares or grant any proxy with respect thereto; or

                    (vi) enter into any contract, option or other arrangement or
understanding with respect to or consent to the offer for sale, sale, transfer,
pledge, encumbrance, assignment or other disposition of, any of its Shares, any
securities convertible into or exchangeable or exercisable for shares of Company
Common Stock or any other capital stock of the Company or

                                       3

<PAGE>   4

any interest in any of the foregoing with any person (any transaction referred
to in clause (i), (ii), (iii), (iv), (v) or (vi) is hereinafter referred to as a
"Transfer").

               (b)  Notwithstanding subsection (a) above, the Stockholder may
take an action described in subsection (a) if (i) Parent gives its prior written
consent to such action or (ii) the proposed transferee shall have executed a
counterpart of this Voting Agreement and the Proxy and shall have agreed to hold
such Shares or interest in such Shares subject to all of the terms and
provisions of this Agreement.

               (c)  No Stockholder shall request that the Company or its
transfer agent register the Transfer (book-entry or otherwise) of any
certificate or uncertificated interest representing any of such Stockholder's
Shares, and each Stockholder hereby consents to the entry of stop transfer
instructions by the Company of any Transfer of such Stockholder's Shares, unless
such Transfer is made in compliance with this Agreement.

     3.   REPRESENTATIONS AND WARRANTIES; ADDITIONAL COVENANTS OF THE
STOCKHOLDER.

     The Stockholder hereby represents and warrants and covenants to Parent as
follows:

          3.1  Authorization. This Agreement has been duly executed and
delivered by or on behalf of the Stockholder and, assuming its due
authorization, execution and delivery by the other parties hereto, constitutes
the legal, valid and binding obligation of Stockholder, enforceable against
Stockholder in accordance with its terms, except as may be limited by the effect
of bankruptcy, insolvency (including, without limitation, all laws relating to
fraudulent transfers), conservatorship, arrangement, moratorium or other laws
affecting or relating to the rights of creditors generally and except as
enforcement thereof is subject to general principals of equity (regardless of
whether enforcement is considered in a proceeding in equity or at law).

          3.2  No Conflict. The execution and delivery of this Agreement by the
Stockholder does not, and the performance of this Agreement by the Stockholder
will not, (i) conflict with or violate the Certificate of Incorporation or
By-laws of the Stockholder, or other similar constituent documents, (ii)
conflict with or violate any law, rule, regulation, order, judgment or decree
applicable to the Stockholder or by which it or any of its properties is bound
or affected, or (iii) result in any breach of or constitute a default (or an
event that with notice or lapse of time or both would become a default) under,
or give to another party any rights of termination, amendment, acceleration or
cancellation of, or result in the creation of a lien or encumbrance on any of
the property or assets of the Stockholder, including, without limitation, the
Shares, pursuant to, any note, bond, mortgage, indenture, contract, agreement,
lease, license, permit, franchise or other instrument or obligation to which the
Stockholder is a party or by which the Stockholder or any of its properties is
bound or affected, except for any such breaches, defaults or other occurrences
that would not prevent or delay the performance by the Stockholder of its
obligations under this Agreement.

          3.3  Title to Shares. The Stockholder is the registered or beneficial
owner of its Shares free and clear of any lien or encumbrance, proxy or voting
restriction other than pursuant to

                                       4
<PAGE>   5

this Agreement. Such Shares are all the securities of the Company owned of
record or beneficially by the Stockholder on the date of this Agreement.

          3.4  Reliance by Parent. The Stockholder understands and acknowledges
that Parent is entering into the Merger Agreement in reliance upon the
Stockholder's execution and delivery of this Agreement.

          3.5  Certain Actions. Prior to the termination of this Agreement, the
Stockholder agrees not to, directly or indirectly, take any other action that
would make any representation or warranty of the Stockholder contained herein
untrue or incorrect.

          3.6  No Solicitation. The Stockholder will not, directly or
indirectly, and will instruct the Stockholder's agents, representatives,
affiliates, employees, officers and directors not to, directly or indirectly,
solicit, initiate or knowingly encourage (including by way of furnishing
nonpublic information), or take any other action knowingly to facilitate, any
inquires or the making of any proposal or offer (including, without limitation,
any proposal or offer to the stockholders of the Company) that constitutes, or
may reasonably be expected to lead to, any Company Acquisition Transaction, or
enter into or maintain or continue discussion or negotiate with any person or
entity in furtherance of such inquires or to obtain a Company Acquisition
Transaction, or agree to or endorse any Company Acquisition, or authorize or
permit any of the agents, representatives, affiliates (other than in the case of
a limited partnership, the limited partners thereof), employees, officers and
directors, to take any such action. The Stockholder shall notify Parent
immediately after receipt by the Stockholder or any of the Stockholder agents,
representatives, affiliates, employees, officers and directors, of any proposal
for, or inquiry respecting, and Company Acquisition Transaction or any request
for nonpublic information in connection with such a proposal or inquiry, or for
access to the properties, books or records of the Company by any person or
entity that informs or has informed the Company or the Stockholder that it is
considering making or has made such a proposal or inquiry. Such notice to Parent
shall indicate in reasonable detail the identity of the person making the
proposal or inquiry and the terms and conditions of such proposal or inquiry.
The Stockholder immediately shall cease and cause to be terminated all existing
discussions or negotiations with any parties conducted heretofore with respect
to a Company Acquisition Transaction.

          3.7  Acknowledgment and Approval of the Merger Agreement. The
Stockholder hereby acknowledges and agrees that the Stockholder has received a
copy of the Merger Agreement, including all schedules and exhibits thereto, and
that the Stockholder has reviewed and understands the terms thereof.

          3.8  Miscellaneous. Nothing contained in this Agreement shall be
deemed to vest in Parent any direct or indirect ownership or incidence of
ownership of or with respect to any of the Stockholder's Shares. Except as
otherwise provided herein, all rights, ownership and economic benefits of and
relating to the Stockholder's Shares shall remain and belong to the Stockholder,
and Parent shall not have any authority to manage, direct, superintend,
restrict, regulate, govern, or administer any of the policies or operations of
Company or exercise any power or authority to direct the Stockholder in the
voting of any of the Stockholder's Shares, except as otherwise provided herein,
or the performance of Stockholder's duties or responsibilities as a stockholder
of Company.

                                       5

<PAGE>   6

     4.   GENERAL PROVISIONS

          4.1   Notices. All notices and other communications given or made
pursuant hereto shall be in writing and shall be given (and shall be deemed to
have been duly given upon receipt) by delivery in person, by facsimile, by
registered or certified mail (postage prepaid, return receipt requested) or by
overnight courier service to the respective parties at the following addresses
(or at such other addresses as shall be specified by notice given in accordance
with this Section 4):

          (a)  if to Parent:
          Quantum Corporation
          500 McCarthy Blvd.
          Milpitas, CA 95035
          Attention: General Counsel
          Facsimile No.: (408) 894-3218

          with a copy to:

          Wilson Sonsini Goodrich & Rosati, Professional Corporation
          One Market, Spear Tower
          Suite 3300
          San Francisco, CA 94105
          Attention: Larry W. Sonsini, Esq.
                     Michael J. Kennedy, Esq.

          Facsimile No.: (415) 947-2099

          (b)  If to the Stockholder,

          [Address]
          Facsimile No.: [Number]

          (c)  If to the Company,
          Maxtor Corporation
          510 Cottonwood Drive
          Milpitas, CA 95035
          Attention: General Counsel
          Facsimile No.: (408) 432-4158

          with a copy to:

          Gray Cary Ware & Friedenrich LLP
          400 Hamilton Avenue
          Palo Alto, CA 94301
          Facsimile No.: (650) 327-3699
          Attention: Diane Holt Frankle

                                       6

<PAGE>   7

          4.2  Headings. The descriptive headings contained in this Agreement
are included for convenience of reference only and shall not affect in any way
the meaning or interpretation of this Agreement.

          4.3  Severability. If any term or other provision of this Agreement is
invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other conditions and provisions of this Agreement shall nevertheless
remain in full force and effect so long as the economic or legal substance of
the transactions contemplated hereby is not affected in any manner materially
adverse to any party. Upon such determination that any term or other provision
is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible to the fullest extent permitted by
applicable law in an acceptable manner in order that the transactions
contemplated by this Agreement be consummated as originally contemplated to the
fullest extent possible.

          4.4  Entire Agreement; Amendment; Waiver. This Agreement and the Proxy
constitute the entire agreement of the parties and supersede all prior
agreements and undertakings, both written and oral, between the parties, or any
of them, with respect to the subject matter hereof and thereof. This Agreement
may not be amended or modified except in an instrument in writing signed by, or
on behalf of, the parties hereto. No failure or delay by any party in exercising
any right, power or privilege hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or privilege.

          4.5  Assignment. This Agreement and all of the provisions hereof shall
be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns; provided, however, that neither this
Agreement nor any of the rights, interests or obligations of the parties hereto
may be assigned by either of the parties by operation of law or otherwise
without the prior written consent of the other party.

          4.6  Specific Performance. The parties hereto agree that irreparable
damage would occur in the event any provision of this Agreement was not
performed in accordance with the terms hereof and that the parties shall be
entitled to specific performance of the terms hereof, in addition to any other
remedy at law or in equity. The rights and remedies herein provided shall be
cumulative and not exclusive of any rights or remedies provided by law.

          4.7  Governing Law. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of Delaware applicable to contracts
executed in and to be performed in that province and without regard to any
applicable conflicts of law principles.

          4.8  Submission to Jurisdiction; Waivers; Consent to Service of
Process. Each of Parent and the Stockholder irrevocably agrees that any legal
action or proceeding with respect to this Agreement or for recognition and
enforcement of any judgment in respect hereof brought by another party hereto or
its successors or assigns shall be brought and determined only in a United
States District Court sitting in the State of Delaware, or in the event (but
only in the event) that no such court has subject matter jurisdiction over such
action or proceeding, in the courts of the State of Delaware. Each of Parent and
the Stockholder hereby irrevocably submits with regard to any such

                                       7

<PAGE>   8

action or proceeding for itself and in respect to its property, generally and
unconditionally, to the personal jurisdiction of the aforesaid courts in the
event that any dispute arises out of this Agreement or any transaction
contemplated hereby. Any service of process to be made in such action or
proceeding may be made by delivery of process in accordance with the notice
provisions contained in Section 4.1. Each of Parent and the Stockholder hereby
irrevocably waives, and agrees not to assert, by way of motion, as a defense,
counterclaim or otherwise, in any action or proceeding with respect to this
Agreement, (i) any claim that it is not personally subject to the jurisdiction
of the above-named courts for any reason other than the failure to serve process
in accordance with this Section 4.8, (ii) that it or its property is exempt or
immune from jurisdiction of any such court or from any legal process commenced
in such courts (whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment or otherwise),
and (iii) to the fullest extent permitted by applicable law that (A) the suit,
action or proceeding in any such court is brought in an inconvenient forum, (B)
the venue of such suit, action or proceeding is improper and (C) this Agreement,
or the subject matter hereof, may not be enforced in or by such courts.

          4.9  Counterparts. This Agreement may be executed in one or more
counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original but all of which taken
together shall constitute one and the same agreement.

          4.10 Waiver of Jury Trial. Each party acknowledges and agrees that any
controversy that may arise under this Agreement is likely to involve complicated
issues and, therefore, such party hereby irrevocably and unconditionally waives
any right that such party may have to a trial by jury in respect of any
litigation directly or indirectly arising out of or relating to this Agreement
or the transactions contemplated by this Agreement. Each party certifies and
acknowledges (i) that such party understands and has considered the implications
of this waiver, (ii) that such party makes this waiver voluntarily and (iii)
such party has been induced to enter into this Agreement by, among other things,
the mutual waivers and certifications in this Section 4.10.

          4.11 Termination. This Agreement and the Proxy, and all obligations of
the parties hereunder and thereunder, shall terminate immediately, without any
further action being required, upon (i) any termination of the Merger Agreement
and (ii) the Effective Time, whichever first occurs.

                                       8

<PAGE>   9

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

                                        QUANTUM CORPORATION

                                        By:
                                           -------------------------------------
                                        Name:
                                        Title:

                                        STOCKHOLDER

                                        By:
                                           -------------------------------------
                                        Name:
                                        Title:

                      [Signature Page to Voting Agreement]

                                       9

<PAGE>   10

                                    EXHIBIT A
                                IRREVOCABLE PROXY

     The undersigned stockholder of Maxtor Corporation, a Delaware corporation
(the "Company"), hereby irrevocably (to the fullest extent permitted by law),
but subject to the termination provisions hereof, appoints Quantum Corporation,
a Delaware corporation ("Parent"), as the sole and exclusive attorney and proxy
of the undersigned, with full power of substitution and resubstitution, to vote
and exercise all voting and related rights (to the full extent that the
undersigned is entitled to do so) with respect to all of the shares of the
Company that now are or hereafter may be beneficially owned by the undersigned,
and any and all other shares or securities of the Company issued or issuable in
respect thereof on or after the date hereof (collectively, the "Shares") in
accordance with the terms of this Proxy. The Shares beneficially owned by the
undersigned Stockholder of the Company as of the date of this Proxy are listed
on the final page of this Proxy. Upon the undersigned's execution of this Proxy,
any and all prior proxies given by the undersigned with respect to any Shares
are hereby revoked and the undersigned agrees not to grant any subsequent
proxies with respect to the Shares.

     This Proxy is irrevocable (to the fullest extent permitted by law), subject
to the termination provisions hereof, is coupled with an interest and is granted
pursuant to that certain Voting Agreement and Amendment to Stockholder Agreement
of even date herewith by and among Parent and the undersigned stockholder (the
"Voting Agreement"), and is granted in consideration of Parent entering into
that certain Agreement and Plan of Merger and Reorganization (the "Merger
Agreement"), between Parent and the Company. The Merger Agreement provides for
the acquisition of the Company by Parent pursuant to a merger of a wholly-owned
subsidiary of the Company with and into a wholly owned subsidiary of Parent (the
"Merger").

     The attorneys and proxies named above, and each of them, are hereby
authorized and empowered by the undersigned to act as the undersigned's attorney
and proxy to vote the Shares, and to exercise all voting, consent and similar
rights of the undersigned with respect to the Shares (including, without
limitation, the power to execute and deliver written consents) at every annual,
special or adjourned meeting of stockholders of the Company and in every written
consent in lieu of such meeting: (i) in favor of the adoption of the Merger
Agreement and the other transactions contemplated by the Merger Agreement, (ii)
against any proposal for any merger, consolidation, sale of assets,
recapitalization or other business combination involving the Company (other than
the Merger) or any other action or agreement that would result in a breach of
any covenant, representation or warranty or any other obligation or agreement of
the Company under the Merger Agreement or which would result in any of the
conditions to the Company's obligations under the Merger Agreement not being
fulfilled, and (iii) in favor of any other matter relating to consummation of
the transactions contemplated by the Merger Agreement.

     The attorneys and proxies named above may not exercise this Proxy on any
other matter except as provided above. The undersigned Stockholder may vote the
Shares on all other matters.

     Any obligation of the undersigned hereunder shall be binding upon the
successors and assigns of the undersigned.

                                       10

<PAGE>   11

     This Proxy is irrevocable (to the fullest extent permitted by law), subject
to the termination provisions hereof.

     This Proxy, and all obligations of the undersigned hereunder, shall
terminate immediately, without any further action being required, upon (i) any
termination of the Merger Agreement and (ii) the Effective Time (as that term is
defined in the Merger Agreement), whichever first occurs.

Dated: October 3, 2000
                                        STOCKHOLDER

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                        Shares beneficially owned:
                                        ________________ shares of Company
                                        Common Stock

                      [Signature Page to Irrevocable Proxy]

                                       11
<PAGE>   12

                               MAXTOR CORPORATION
                              510 COTTONWOOD DRIVE
                           MILPITAS, CALIFORNIA 95035

November 28, 2000

Maxtor Corporation
510 Cottonwood Drive
Milpitas, California  95035

Dear Maxtor Corporation Board Member or Officer:

As you know, directors and officers of Maxtor Corporation and Quantum
Corporation have been asked to sign voting agreements dated as of October 3,
2000 (each, a "Voting Agreement") indicating that they will vote (i) in favor of
the adoption of the Agreement and Plan of Merger and Reorganization signed
effective October 3, 2000 (the "Merger Agreement") and the other transactions
contemplated by the Merger Agreement; (ii) against any proposal for any merger,
consolidation, sale of assets, recapitalization or other business combination
involving the Company (other than the merger contemplated by the Merger
Agreement) or any other action or obligation or agreement of the Company under
the Merger Agreement or which would result in any of the conditions to the
Company's obligations under the Merger Agreement not being fulfilled; and (iii)
in favor of any other matter relating to consummation of the transactions
described in the Merger Agreement.

Maxtor and Quantum currently intend to amend the Merger Agreement to correct a
few ambiguities and to change the structure of the merger so that the newly
formed subsidiary receiving the assets of Quantum's HDD business will merge
directly into Maxtor. To ensure that your vote will be on an informed basis, we
are requesting that you review the attached Amended and Restated Agreement and
Plan of Merger and Reorganization and that you sign this letter acknowledging
your consent to the amendment and restatement of the Merger Agreement, which
will also be dated as of October 3, 2000.

Please return the signed letter to Paul Wong at Gray Cary Ware & Freidenrich,
400 Hamilton Avenue, Palo Alto, CA 94301-1825; facsimile (650) 833-2001. Thank
you for your assistance.

Sincerely,

MAXTOR CORPORATION

By:
   ----------------------------------------

Accepted and Agreed:

-------------------------------------------<PAGE>   1

                                                                     EXHIBIT 4.4

                    AMENDMENT NO. 1 TO STOCKHOLDER AGREEMENT

     This Amendment No. 1 to Stockholder Agreement by and among Hyundai
Electronics America ("HEA"), Hyundai Electronics Industries Co., Ltd. ("HEI")
and Maxtor Corporation ("Maxtor") is dated as of October 3, 2000.

     WHEREAS, the undersigned are parties to the Stockholder Agreement among
HEA, HEI and Maxtor dated June 25, 1998, as amended (the "Stockholder
Agreement").

     WHEREAS, the undersigned have agreed to amend certain provisions of the
Stockholder Agreement.

     In consideration of Maxtor entering into an Agreement and Plan of
Reorganization among Quantum Corporation, Spinco Corporation ("Spinco"), Maxtor
and Hawaii Acquisition Corporation ("Merger Sub") of even date herewith (the
"Merger Agreement"), the undersigned hereby agree as follows:

     1.   Section 2.1 of the Stockholder Agreement is hereby amended and
restated to read in its entirety as follows:

          "2.1 Standstill.

          (a)  From and after the date of the Agreement and Plan of
Reorganization among Quantum Corporation, Spinco Corporation, the Company and
Hawaii Acquisition Corporation (the "Merger Agreement") through the second
anniversary of the Effective Date (as defined in the Merger Agreement) or the
earlier termination of the Merger Agreement (the "Standstill Period"), Hyundai
Affiliates may not purchase or otherwise acquire additional shares of the
Company's capital stock entitled to vote generally in the election of directors
("Voting Stock"), except upon the prior written approval by the Company
(including approval of the Company's Board of Directors and approval by a
resolution adopted by a majority of the Company's Disinterested Directors).

          (b)  Following the termination of the Standstill Period and through
December 31, 2001, Hyundai Affiliates may only purchase additional shares of the
Company's Voting Stock (i) in the open market if a third party or group of third
parties (other than any Hyundai Affiliate or any Person with whom any Hyundai
Affiliate acts (within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended) as a partnership, limited partnership,
syndicate or other group for the purpose of acquiring, holding or disposing of
securities issued by the Company) makes a tender or exchange offer for 40% or
more of the Company outstanding shares of Voting Stock, or accumulates more than
20% of the Company's Voting Stock common stock, provided that neither HEA nor
its Affiliates shall have any right to purchase Voting Stock hereunder if such
actions by any third parties are approved by a majority of the Company's
Disinterested Directors, or (ii) upon the prior written approval by the Company
(including approval of the Company's Board of Directors and approval by a
resolution adopted by a majority of the Company's Disinterested Directors). The

<PAGE>   2

Company will notify HEA as promptly as reasonably feasible after it becomes
aware of a tender offer or accumulation as described in this Section 2.1(b)."

     2.   Section 3.2 of the Stockholder Agreement shall be amended and restated
in its entirety to read as follows:

          "3.2 Requested Registration. If at any time Holder shall request that
     the Company effect the registration of shares of Common Stock held by
     Holder and the requested registration relates to an offering (i) of at
     least 10% of the aggregate shares of Common Stock of the Company
     Beneficially Owned by HEA at the closing of the Public Offering, and (ii)
     with reasonably anticipated aggregate proceeds (net of any underwriters
     discount or any expenses of the offering) of $50,000,000 or more, the
     Company shall use its reasonable commercial efforts to effect the requested
     registration, provided that the Company shall not be obligated to take any
     action to effect any such registration pursuant to this Section 3.2 after
     the Company has effected two (2) such registrations pursuant to this
     Section 3.2 and such registrations have been declared effective. Any
     registration effected pursuant to Section 3.3 shall not reduce the number
     of registrations which the Company is required to effect under this Section
     3.2.

          The rights granted by this Section 3.2 may be exercised from time to
     time, but the Company shall not be required to make any registration
     effective under this Section 3.2 more than once in any calendar year,
     provided that HEA, but not any other Holder, may request one (1) additional
     registration during any calendar year which may be effected by the Company
     in its sole discretion.

          The Company may include in the registration under this Section 3.2 any
     other shares of Common Stock (including issued and outstanding shares of
     Common Stock as to which the holders thereof have contracted with the
     Company for "piggyback" registration rights) so long as the inclusion in
     such registration of such shares will not, in the opinion of the managing
     underwriter, if any, or if there is no managing underwriter, a nationally
     recognized investment banking firm selected by Holder and reasonably
     acceptable to the Company, interfere with the successful marketing in
     accordance with the intended method of sale or other disposition of all the
     shares sought to be registered by Holder pursuant to this Section 3.2. If
     it is determined as provided above that there will be such interference,
     the other shares of Common Stock sought to be included by the Company shall
     be excluded to the extent deemed appropriate by the managing underwriter
     or, if there is no managing underwriter, Holder, provided that if less than
     all shares proposed to be included by the Company are excluded, and the
     Company is seeking to register shares of Common Stock for persons other
     than the Company, the Company shall have the right to determine in its sole
     discretion which such shares other than those offered by Holder(s) will be
     excluded from the registration.

          If the requested registration is an underwriting, the managing and
     other underwriters will be selected by Holder, provided such underwriters
     shall be reasonably satisfactory to the Company. If the requested
     registration is not a firm commitment, underwritten offering and the
     Company requests that it be made in such an offering of the same size and
     during the same period, Holder will change the form of the offering to a

                                       2

<PAGE>   3

     firm commitment, underwritten offering, provided that the managing and
     other underwriters and the terms of the underwriting, including without
     limitation the underwriters discount, are reasonably satisfactory to
     Holder."

     3.   The last paragraph of Section 3.4 of the Stockholder Agreement shall
be amended and restated in its entirety as follows:

          "All expenses incurred by the Company in complying with Sections 3.2,
3.3 and 3.4 hereof, including without limitation, all registration,
qualification and filing fees, printing expenses, escrow fees, fees and
disbursements of counsel for the Company, blue sky fees and expenses, and the
expense of any special audits incident to or required by any such registration
(but excluding the compensation of regular employees of the Company which shall
be paid in any event by the Company) are hereinafter called "Registration
Expenses" and all underwriting discounts and selling commissions applicable to
the sales are herein called "Selling Expenses." The Company will pay all
Registration Expenses in connection with up to two (2) registrations pursuant to
Section 3.2. All Selling Expenses in connection with each registration pursuant
to Section 3.2 or 3.3 shall be borne by the seller of the securities on which
they are imposed. All Registration Expenses other than those payable by the
Company shall be borne by the Company, Holder and any other selling stockholders
pro rata in proportion to the securities covered thereby being sold by them.
Each Holder shall bear the fees and costs of its own counsel."

     4.   Section 3.9(b) of the Stockholder Agreement shall be amended and
restated in its entirety to read as follows:

          "(b) After any such transfer, HEA shall retain its rights under this
     Agreement with respect to all other Registrable Securities owned by Holder,
     provided that any rights to request registration under Section 3.2 granted
     to such transferee(s) by HEA shall reduce the then remaining number of
     registrations to which HEA would otherwise be entitled under Section 3.2
     hereof, and provided further that in no event shall the Company be required
     to effect more than a total of two (2) registrations taken as a whole
     pursuant to Section 3.2 of this Agreement."

     5.   The Stockholder Agreement shall otherwise remain in full force and
effect.

                                       3

<PAGE>   4

     IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 as
of the date first written above.

                                        MAXTOR CORPORATION

                                        By:
                                           -------------------------------------

                                        HYUNDAI ELECTRONICS AMERICA

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                        HYUNDAI ELECTRONICS INDUSTRIES CO. LTD.

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}]]