Item 1.01 Entry into a Material Definitive Agreement.



On July 18, 2021, Quantum Corporation ("Quantum"), entered into an Asset
Purchase Agreement dated as of July 18, 2021 (the "Purchase Agreement") with PV3
(an ABC) LLC, a Delaware limited liability company as assignee for the benefit
of Pivot3, Inc., a Delaware corporation ("Seller"), pursuant to which the
parties agreed to consummate a sale (the "Transaction") of specified assets
related to Seller's video surveillance business (collectively, the "Purchased
Assets"). Under the terms of the Purchase Agreement, Quantum agreed to pay $5.0
million in cash and 459,720 shares of Quantum Common Stock for the Purchased
Assets and to assume certain liabilities related to video surveillance business.
The Buyer has also agreed to license to Quantum certain intellectual property
rights related to the business. In connection with the Transaction, Quantum
hired certain employees of Seller's video surveillance business. The parties
consummated the Transaction on July 20, 2021.

The Company's issuance of the Common Stock under the terms of the Purchase
Agreement was made in a private placement effected in reliance on the exemption
from registration under the Securities Act of 1933, as amended (the "Securities
Act") provided by Section 4(a)(2) of the Securities Act, Regulation D
promulgated thereunder. The Company has agreed that it will file a Registration
Statement on Form S-3 (or such other form as the Company is then eligible to
use) to register the shares of Common Stock to be issued pursuant to the
Purchase Agreement within 30 days of the Closing.

The Purchase Agreement also contained customary representations, warranties and covenants of the parties to the Purchase Agreement.



The foregoing description of the Purchase Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Purchase Agreement, a copy of which is attached hereto as Exhibit 2.1 and is
incorporated herein by reference. The Purchase Agreement has been attached to
provide investors with information regarding its terms. It is not intended to
provide any other factual information about the parties. The terms of the
Purchase Agreement govern the contractual rights and relationships, and allocate
risks, among the parties in relation to the transactions contemplated by the
Purchase Agreement. In particular, the assertions embodied in the
representations and warranties in the Purchase Agreement reflect negotiations
between, and are solely for the benefit of, the parties thereto and may be
limited, qualified or modified by a variety of factors, including: subsequent
events, information included in public filings, disclosures made during
negotiations, correspondence between the parties and in confidential disclosure
schedules to the Purchase Agreement. Moreover, certain representations and
warranties in the Purchase Agreement were used for the purpose of allocating
risk between the parties rather than establishing matters as facts and may not
describe the actual state of affairs at the date they were made or at any other
time. Accordingly, you should not rely on the representations and warranties in
the Purchase Agreement as characterizations of the actual state of facts about
the parties.

On July 19, 2021, the Company issued a press release announcing the Transaction. A copy of the release is filed herewith as Exhibit 99.1.

Item 2.01 Completion of Acquisition or Disposition of Assets.

The information provided above in "Item 1.01 - Entry into a Material Definitive Agreement" is incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities.

The information provided above in "Item 1.01 - Entry into a Material Definitive Agreement" is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

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Exhibit Number                   Description
           2.1                     Asset Purchase Agreement dated July 18, 2021 by and between PV3 (an
                                 ABC) LLC, a Delaware limited liability company as assignee for the
                                 benefit of Pivot3, Inc., a Delaware corporation, and Quantum
                                 Corporation.*
           99.1                    Press Release issued by Quantum

Corporation, dated July 19, 2021.





* Schedules and attachments to the Purchase Agreement have been omitted pursuant
to Item 601(b)(2) of Regulation S-K. The registrant hereby undertakes to furnish
supplemental copies of any of the omitted schedules and attachments upon request
by the Securities and Exchange Commission.

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