On October 14, 2020, Don Martella, Senior Vice President Engineering, and Quantum Corporation mutually and amicably agreed that Mr. Martella will separate from the Company, with Mr. Martella’s last day expected to be November 4, 2020. Mr. Martella is separating to pursue personal interests. In connection with the separation, and in exchange for a full release of claims in favor of the Company, it is contemplated that the Company will pay Mr. Martella severance payments consisting of a lump sum payment of $177,500 (which is equivalent to six months of his annual salary), and Company-paid COBRA health benefits for a period of 12 months.