Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT TO AGREEMENT 

This Amendment (the “Amendment”) dated December 2, 2016 amends and supplements the terms of the Agreement (as amended
and supplemented, the “Agreement”) made and entered into as of September 23, 2016, by and among Quantum Corporation, a Delaware corporation (the “Company”), and the entities and natural persons listed on
Exhibit A to the Agreement and their respective Affiliates (collectively, “VIEX”) (each of the Company and VIEX, a “Party”, and collectively, the “Parties”). 

1. Paragraph (d) of Section 1 of the Agreement is hereby amended and restated to read in its entirety as follows: 

(d) The Company shall hold its next meeting of stockholders of the Company with respect to the election of directors of the Company on
March 31, 2017 (the “Stockholder Meeting”). 
 2. Paragraph (b) of Section 2 of the Agreement is hereby
amended and restated to read in its entirety as follows: 
 (b) For the purposes of this Agreement, “Standstill Period”
shall mean the period commencing upon the execution and delivery of this Agreement and ending at the earliest of (i) 12:00 a.m., Pacific time, on February 1, 2017 (unless such date is extended by mutual agreement of the Parties hereto);
(ii) public disclosure by the Company or public acknowledgement by the Company of an extraordinary corporate transaction; (iii) (A) the issuance of an order by the Delaware Court of Chancery under Section 211(c) of the Delaware
General Corporation Law ordering the convening of the Stockholder Meeting, or (B) public announcement of a new date for the Stockholder Meeting that is, in either case, on a date that is not March 31, 2017; (iv) a material breach by
the Company of this Agreement; provided that prior to any termination under this clause (iv) VIEX shall deliver written notice to the Company describing in reasonable detail the alleged material breach and the intention of VIEX to terminate the
Standstill Period; and provided further that VIEX and the Company will negotiate in good faith for not less than 24 hours after the Company’s receipt of such notice to resolve any differences before VIEX takes action to terminate the
Standstill Period (it being understood that any such termination is without prejudice to the right of the Company to assert that any such termination constitutes a breach of this Agreement); and (v) termination or frustration of the rights of
the Observers under paragraph (a) of Section 1 of this Agreement (other than any termination of such Observer’s rights under Section 1(f)). 

3. The following paragraph (d) is hereby added after paragraph (c) of Section 2 of the Agreement: 

(d) Nothwithstanding any provision of Section 2.4 of the Amended and Restated Bylaws of the Company, as amended (the
“Bylaws”), to the contrary, a notice of business by any stockholder of record to be conducted at the Stockholder Meeting pursuant to Section 2.4(i) of the Bylaws or a notice of director nominations by any stockholder of record
at the Stockholder Meeting pursuant to Section 2.4(ii) of the Bylaws that otherwise complies with the relevant provisions of Section 2.4 will be considered timely if it is received by the secretary of the Company within 10 days of the
expiration or termination of the Standstill Period. 

 4. Promptly following the execution of this Amendment, the Company shall file with the SEC a
Current Report on Form 8-K (the “8-K”) in the form of Exhibit A and VIEX shall file with the SEC an amendment to its Schedule 13D in the form of Exhibit B. Neither the Company nor VIEX shall otherwise issue any press
release or other public statement regarding this Amendment without the prior written consent of the other Party, other than the filing by VIEX of the 13D that is consistent with the terms of this Amendment and (b) the filing by the Company of
the 8-K that is consistent with the terms of this Amendment. During the Standstill Period, neither the Company nor VIEX shall make any public announcement or statement that is inconsistent with or contrary to the statements made in the 8-K, except
as required by law, regulation, regulator or the rules of any stock exchange or with the prior written consent of the other Party. 
 5. The
Company shall within five days following the execution and delivery of this Amendment pay VIEX an amount equal to fifty thousand dollars ($50,000), which may be used for its out-of-pocket fees and expenses (including legal expenses) incurred in
connection with the matters related hereto, including the Stockholder Meeting. 
 6. Effective upon the execution and delivery of this
Amendment, the rights of the Observers under paragraph (a) of Section 1 of the Agreement shall be reinstated. 
 7. Except as
specifically provided herein, the Agreement and the Observer Agreements remain in full force and effect without modification. 

  
 2 

 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the duly authorized
signatories of the Parties as of the date hereof. 
  

			
	Quantum Corporation
		
	By:	 	/s/ Jon Gacek
	Name:	 	Jon W. Gacek
	Title:	 	President and Chief Executive Officer

 Signature Page to Amendment 

 
					
	VIEX Opportunities Fund, LP – Series One
		
	By: 	 	 VIEX GP, LLC
 General
Partner

		
	By: 	 	/s/ Eric Singer
		 	Name: 	 	Eric Singer
		 	Title:	 	Managing Member
	
	VIEX Opportunities Fund, LP – Series Two
		
	By: 	 	 VIEX GP, LLC
 General
Partner

		
	By: 	 	/s/ Eric Singer
		 	Name: 	 	Eric Singer
		 	Title:	 	Managing Member
	
	VIEX GP, LLC
		
	By: 	 	/s/ Eric Singer
		 	Name: 	 	Eric Singer
		 	Title:	 	Managing Member

 
					
	VIEX Special Opportunities Fund III, LP
		
	By: 	 	 VIEX Special Opportunities GP III, LLC

General Partner

		
	By: 	 	/s/ Eric Singer
		 	Name: 	 	Eric Singer
		 	Title:	 	Managing Member
	
	VIEX Special Opportunities GP III, LLC
		
	By: 	 	/s/ Eric Singer
		 	Name: 	 	Eric Singer
		 	Title:	 	Managing Member
	
	VIEX Capital Advisors, LLC
		
	By: 	 	/s/ Eric Singer
		 	Name: 	 	Eric Singer
		 	Title:	 	Managing Member
	
	 /s/ Eric Singer

	ERIC SINGER[FORM
OF UNIT CERTIFICATE]

 

[FACE
OF SECURITY]

 

	Number
    ________	___________
    Shares

 

 UNITS, EACH UNIT CONSISTING OF ONE SHARE
OF 9% REDEEMABLE SERIES 1 PREFERRED STOCK ,
PAR VALUE $0.0001 PER SHARE, AND ONE SERIES 1 WARRANT 

 

CHANTICLEER
HOLDINGS, INC.

 

SEE
REVERSE SIDE FOR CERTAIN TERMS AND DEFINITIONS

 

This
Certifies that ________________________ is the owner of ___________________________________ fully paid and non-assessable Units
of the above Corporation transferable only on the books of the Corporation by the holder hereof in person or by duly authorized
Attorney upon surrender of this certificate properly endorsed.

 

In
Witness Whereof, the said Corporation has caused this Certificate to be signed by its duly authorized officers and to be sealed
with the Seal of the Corporation.

 

	●	Dated
    _______________	 	 
	●	 	 	 
	 	President
    	 	Secretary

 

[REVERSE
OF SECURITY]

 

 Each
Unit represented by this certificate is comprised of one share of 9% Redeemable Series 1 Preferred Stock (“Preferred Stock”)
and one Series 1 Warrant (“Warrant”). The Preferred Stock and the Warrants are components of the Units, are not detachable
and are not separately transferable. The terms and provisions of the Warrants included herein shall in all respects be subject
to the Series 1 Warrant certificate issued to the holder, as the same may be corrected, supplemented or amended from time to time
(the “Warrant Certificate”).  The powers, preferences,
rights, qualifications, limitations and restrictions and other terms and provisions of the Preferred Stock included herein
shall in all respects be subject to the provisions of the Certificate of Designation of 9% Redeemable Series 1 Preferred Stock
of the Corporation dated __________, 2016, as the same may be corrected, supplemented or amended from time to time (the “Certificate
of Designation”). The Corporation will provide a copy of the Certificate of Designation to a Holder without charge upon
written request to the Corporation at its principal place of business. This certificate shall be held subject to all of the
provisions of the Certificate of Incorporation and the Bylaws of the Corporation and any amendments thereto, copies of which are
on file at the office of the Corporation and made a part hereof as though the provisions of said Certificate of Incorporation
and Bylaws were imprinted in full on this certificate, to all of which the holder of this certificate, by acceptance hereof, assents
and agrees to be bound. 

 

    	 

    	 	 	 

    

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations. Additional abbreviations may also be used though not in the list.

 

	TEN
    COM – as tenants in common	UNIF
    GIFT MIN ACT - ___________Custodian ______________ (Minor)
	TEN
    ENT – as tenants by the entireties	under
    Uniform Gifts to Minors Act ________________ (State)
	JT
    TEN – as joint tenants with right of survivorship	UNIF
    TRF MIN ACT - _____________(Custodian) ____________ (Minor)

 

	 	PLEASE
    INSERT SOCIAL SECURITY OR OTHER
	 	IDENTIFYING
    NUMBER OF ASSIGNEE
	For
    value received, the undersigned herby sells, assigns and transfers unto	 
	 	 
	PLEASE
    PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE	 
	 	 
	 	 	Shares

 

represented
by the within Certificate, and hereby irrevocably constitutes and appoints _____________________________
_________________________________________________________________ Attorney to transfer the said shares on the books of the
within-named Corporation with full power of substitution in the premises.

 

Dated,
______________________________ In presence of________________________________________

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