Document:

Exhibit

Exhibit 10.4

*** indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission.  A complete copy of this agreement has been filed separately with the Securities and Exchange Commission.
CHANGE ORDER FORM

Marine Ground Flare

	
		
	PROJECT NAME:  Corpus Christi Stage 1 Liquefaction Facility

OWNER:  Corpus Christi Liquefaction, LLC

CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.

DATE OF AGREEMENT: December 6, 2013
	CHANGE ORDER NUMBER: CO-00033

DATE OF CHANGE ORDER: Feb. 27, 2017 

The Agreement between the Parties listed above is changed as follows:  (attach additional documentation if necessary) 

		
	1.
	Per Article 6.1.B of the Agreement, Parties agree to implement changes to the marine flare.

		
	2.
	The scope of this Change Order is as detailed in Exhibit A.

		
	3.
	The cost breakdowns for the scopes of work noted above in this Change Order are detailed in Exhibit B. These costs are as detailed on Trend no. S1-1240 (dated 21 Feb. 2017)

		
	4.
	Schedule C-1 (Milestone Payment Schedule) of Attachment C of the Agreement will be amended by including the Milestone(s) listed in Exhibit C of this Change Order.

Adjustment to Contract Price
	
				
	 
	$
	7,080,830,000
	

	Net change by previously authorized Change Orders (0001-00032)
	$
	682,403,452
	

	The Contract Price prior to this Change Order was
	$
	7,763,233,452
	

	The Aggregate Equipment Price will be changed by this Change Order in the amount of 
	$
	***
	

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of
	$
	***
	

	The new Contract Price including this Change Order will be
	$
	7,786,638,621
	

Adjustment to Aggregate Equipment Price
	
			
	The original Aggregate Equipment Price was
	$
	***

	Net change by previously authorized Change Orders (0001-00032)
	$
	***

	The Aggregate Equipment Price prior to this Change Order was 
	$
	***

	The Aggregate Equipment Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Equipment Price including this Change Order will be 
	$
	***

Adjustment to Aggregate Labor and Skills Price
	
			
	The original Aggregate Labor and Skills Price was
	$
	***

	Net change by previously authorized Change Orders (0001-00032)
	$
	***

	The Aggregate Labor and Skills Price prior to this Change Order was
	$
	***

	The Aggregate Labor and Skills Price will be changed by this Change Order in the amount of 
	$
	***

	The new Aggregate Labor and Skills Price including this Change Order will be
	$
	***

Adjustment to Aggregate Provisional Sum
	
				
	The original Aggregate Provisional Sum was
	$
	950,561,351
	

	Net change by previously authorized Change Orders (0001-00032)
	$
	(745,966,926
	)

	The Aggregate Provisional Sum prior to this Change Order was
	$
	204,594,425
	

	The Aggregate Provisional Sum will be changed by this Change Order in the amount of 
	$
	—
	

	The new Aggregate Provisional Sum including this Change Order will be
	$
	204,594,425
	

Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): N/A

Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) N/A

Adjustment to Payment Schedule: Yes.  See Exhibit C of this Change Order.

Adjustment to Minimum Acceptance Criteria: N/A

Adjustment to Performance Guarantees: N/A

Adjustment to Design Basis: N/A

Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A

Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  
/s/ SB Contractor   /s/ EL Owner

[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner

Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives. 

	
			
	/s/ Ed Lehotsky
	 
	/s/ Sergio Buoncristiano

	Owner
	 
	Contractor

	Ed Lehotsky
	 
	Sergio Buoncristiano

	Name
	 
	Name

	Sr. VP LNG E&C
	 
	SVP

	Title
	 
	Title

	March 29, 2017
	 
	February 28, 2017

	Date of Signing
	 
	Date of SigningExhibit

[Quantum Letterhead]

May 1, 2017

Mr. Marc E. Rothman
[Address]

Dear Marc:

We are pleased to offer you the opportunity to serve on the Board of Directors (the “Board”) of Quantum Corporation (“Quantum”) Your appointment was approved today by the Quantum Board, with an effective date of May 4, 2017.

Under the current Board compensation program, your Board retainer will be $50,000 per annum.  Additionally, as a member of the Audit Committee, you will receive an additional cash retainer of $12,500 per annum. These retainers are paid in cash, generally in quarterly installments, and will be prorated for partial periods of service.  Quantum will also reimburse you for any reasonable travel or incidental expenses associated with performing your duties as a Board member.  In addition, we anticipate that you will succeed David Roberson as Chairman of the Audit Committee when he leaves the Board.

We will recommend to the Leadership and Compensation Committee that restricted stock units (RSUs) with a total value of $33,333 be awarded to you, calculated using a company stock value of the higher of $8 or the current stock price. The number of RSUs to be awarded will be determined at the time of award based on the company’s closing stock price on the date of the Leadership and Compensation Committee’s approval, which occurs on the first business day of every month.  These RSUs will vest 100% on the date of the Company’s next annual stockholder meeting, anticipated to occur on August 31, 2017. Once the RSUs have been approved, you will receive documentation from E*Trade, Quantum’s Stock Administrator, within two (2) months from your start date. If you remain a Board member, you will receive an annual stock grant thereafter, currently set at a total value of $100,000 per annum.  Details regarding the annual stock program are subject to change. 

Lastly, we are pleased to offer you the opportunity to participate in Quantum’s Deferred Compensation Program.  If you are interested in further information about this program, please let us know and we will forward it to you.

To confirm your acceptance of our offer, please sign one copy of this letter, complete the enclosed documents, and return them to Shawn Hall via email at shawn.hall@quantum.com or by mail to: Shawn Hall, Quantum Corporation, 224 Airport Parkway, Suite 550, San Jose, CA 95110.  

Please contact me if you have any questions. Welcome to Quantum and I look forward to working with you. 

Sincerely,

/s/ Jon Gacek        
President & CEO    
Quantum Corporation
[phone number]    

            

I understand and accept the terms of this agreement and agree to comply with all Quantum and Board policies and procedures, including those described in Quantum’s Business Conduct and Ethic’s Policy, Section 16 Policy, Insider Trading Policy, and Corporate Governance Principles.

Signed: __/s/ Marc E. Rothman_____________________________    Date: 5/1/17
Marc E. Rothman

Enclosures:

Director Change in Control Agreement    
Director Indemnification Agreement     
The High Road: Quantum’s Business Conduct & Ethics Policy
Section 16 Policy Documentation
Insider Trading Policy
Corporate Governance Principles
EFT Form
W-9

cc:     Compensation
LegalExhibit

[Quantum Letterhead]

May 1, 2017

Mr. Adalio T. Sanchez
[Address]

Dear Adalio:

We are pleased to offer you the opportunity to serve on the Board of Directors (the “Board”) of Quantum Corporation (“Quantum”).  Your appointment was approved today by the Quantum Board, with an effective date of May 4, 2017.

Under the current Board compensation program, your Board retainer will be $50,000 per annum.  Additionally, as a member of the Leadership and Compensation Committee, you will receive an additional cash retainer of $10,000 per annum. These retainers are paid in cash, generally in quarterly installments, and will be prorated for partial periods of service.  Quantum will also reimburse you for any reasonable travel or incidental expenses associated with performing your duties as a Board member.

We will recommend to the Leadership and Compensation Committee that restricted stock units (RSUs) with a total value of $33,333 be awarded to you, calculated using a company stock value of the higher of $8 or the current stock price. The number of RSUs to be awarded will be determined at the time of award based on the company’s closing stock price on the date of the Leadership and Compensation Committee’s approval, which occurs on the first business day of every month.  These RSUs will vest 100% on the date of the Company’s next annual stockholder meeting, anticipated to occur on August 31, 2017. Once the RSUs have been approved, you will receive documentation from E*Trade, Quantum’s Stock Administrator, within two (2) months from your start date. If you remain a Board member, you will receive an annual stock grant thereafter, currently set at a total value of $100,000 per annum.  Details regarding the annual stock program are subject to change. 

Lastly, we are pleased to offer you the opportunity to participate in Quantum’s Deferred Compensation Program.  If you are interested in further information about this program, please let us know and we will forward it to you.

To confirm your acceptance of our offer, please sign one copy of this letter, complete the enclosed documents, and return them to Shawn Hall via email at shawn.hall@quantum.com or by mail to: Shawn Hall, Quantum Corporation, 224 Airport Parkway, Suite 550, San Jose, CA 95110.  

Please contact me if you have any questions. Welcome to Quantum and I look forward to working with you. 

Sincerely,

/s/ Jon Gacek        
President & CEO    
Quantum Corporation    
[phone number]    
            

I understand and accept the terms of this agreement and agree to comply with all Quantum and Board policies and procedures, including those described in Quantum’s Business Conduct and Ethic’s Policy, Section 16 Policy, Insider Trading Policy, and Corporate Governance Principles.

Signed: /s/ Adalio T. Sanchez___________________________    Date: 5/1/2017________________
Adalio T. Sanchez

Enclosures:
Director Change in Control Agreement    

Director Indemnification Agreement     
The High Road: Quantum’s Business Conduct & Ethics Policy
Section 16 Policy Documentation
Insider Trading Policy
Corporate Governance Principles
EFT Form
W-9

cc:     Compensation
Legal

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