Re: Waiver of Voting Agreement dated May 2, 2006
Exhibit 4.2
May 2, 2006
Xx. Xxxxx xxx Xxxxx
Chair, Chief Executive Officer
Advanced Digital Information Corporation
P.O. Box 97057
Redmond, WA 98057-9757
Re: | Waiver of Voting Agreement dated May 2, 2006 |
Dear Xx. xxx Xxxxx:
In connection with that certain Merger Agreement among Advanced Digital Information Corporation (the “Company”), Agate Acquisition Corp. and Quantum Corporation (“Quantum”) dated as of May 2, 2006, you and Quantum are entering into that certain Voting Agreement to be dated as of May 2, 2006, together with a related irrevocable proxy (the “Voting Agreement”)
Section 2 of the Voting Agreement, restricts transfers of the Shares (as defined in the Voting Agreement) that are subject to the Voting Agreement, subject to certain exceptions. By this letter, Quantum hereby waives the provisions of Section 2 with respect to the transfer by you of up to 50,000 Shares as a gift to Xxxxxxx College.
Sincerely, |
/s/ Xxxx Xxxxxxxx |
Xxxx Xxxxxxxx |
Chairman and Chief Executive Officer |
cc: | Xxxxxx Xxxx Xxxxxx |
Xxxxxxx Coie |