EX-10.4



 Exhibit 10.4 

STOCKHOLDER VOTING AGREEMENT 

THIS STOCKHOLDER VOTING AGREEMENT (this “Agreement”) is made and entered into as of December     ,
2015, by and among Peachstate Health Management LLC, a limited liability company formed under the laws of the state of Georgia (“Target”), Authentidate Holding Corp., a Delaware corporation (“Buyer”),
and the undersigned stockholders (each, a “Stockholder” and, collectively, the “Stockholders”) of Buyer. 

Preamble 

Concurrently with the execution and delivery hereof, Buyer, Target and certain owners of membership interests of Target (the “Target
Owners”) are entering into an acquisition agreement of even date herewith (as it may be amended or supplemented from time to time pursuant to the terms thereof, the “Transaction Agreement”), which provides for the
acquisition by Buyer (the “Transaction”) of all of the outstanding ownership interests of Target by Buyer such that following the closing of the Transaction, Target will be a wholly-owned subsidiary of Buyer. 

Each Stockholder is the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of such number of shares of each class of capital
stock of Buyer as is indicated on the signature page of this Agreement. 
 In consideration of the execution and delivery of the Transaction
Agreement by Buyer, Target and the Target Owners, Stockholders desire to agree to vote the Shares (as defined herein) over which Stockholder has voting power so as to facilitate the consummation of the Transaction, as further provided herein. 

NOW, THEREFORE, intending to be legally bound, the parties hereto hereby agree as follows: 

1. Certain Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the
Transaction Agreement. For all purposes of and under this Agreement, the following terms shall have the following respective meanings: 

“Constructive Sale” means with respect to any security a short sale with respect to such security, entering into or acquiring
an offsetting derivative contract with respect to such security, entering into or acquiring a futures or forward contract to deliver such security or entering into any other hedging or other derivative transaction that has the effect of either
directly or indirectly materially changing the economic benefits and risks of ownership. 
 “Shares” means, with respect to
any Stockholder, (i) all shares of capital stock of the Company owned, beneficially or of record, by each Stockholder as of the date hereof which are entitled to vote at any meeting of stockholders generally or upon written consent in lieu of a
meeting or to vote as a separate class upon the Transaction, and (ii) all additional shares of capital stock which are entitled to vote at any meeting of stockholders generally or upon written consent in lieu of a meeting or to vote as a
separate class upon the Transaction of the Company acquired by Stockholder, beneficially or of record, during the period commencing with the execution and delivery of this Agreement and expiring on the Expiration Date (as such term is defined in
Section 12 below). 

  
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 “Transfer” means, with respect to any security, the direct or indirect
assignment, sale, transfer, tender, exchange, pledge, hypothecation, or the grant, creation or suffrage of a lien, security interest or encumbrance in or upon, or the gift, placement in trust, or the Constructive Sale or other disposition of such
security (including transfers by testamentary or intestate succession or otherwise by operation of law) or any right, title or interest therein (including, but not limited to, any right or power to vote to which the holder thereof may be entitled,
whether such right or power is granted by proxy or otherwise), or the record or beneficial ownership thereof, the offer to make such a sale, transfer, Constructive Sale or other disposition, and each agreement, arrangement or understanding, whether
or not in writing, to effect any of the foregoing. 
 2. Transfer and Voting Restrictions. 

(a) At all times during the period commencing with the execution and delivery of this Agreement and expiring on the Expiration Date, each
Stockholder shall not, except in connection with the Transaction or as the result of the death of such Stockholder, Transfer any of the Shares owned by such Stockholder, or make an offer or enter into an agreement, commitment or other arrangement
with respect thereto. 
 (b) Each Stockholder understands and agrees that if such Stockholder attempts to Transfer, vote or provide any
other person with the authority to vote any of the Shares owned by such Stockholder other than in compliance with this Agreement, Buyer shall not, and each Stockholder hereby unconditionally and irrevocably instructs Buyer not to, (i) permit
any such Transfer on its books and records, (ii) issue a new certificate representing any of the Shares owned by such Stockholder or (iii) record such vote unless and until such Stockholder shall have complied with the terms of this
Agreement. 
 (c) From and after the date hereof, except as otherwise permitted by this Agreement or by order of a court of competent
jurisdiction, each Stockholder will not commit any act that would restrict his legal power, authority and right to vote all of the Shares then owned of record or beneficially by him or otherwise prevent or disable such Stockholder from performing
any of his obligations under this Agreement. Without limiting the generality of the foregoing, except for this Agreement and as otherwise permitted by this Agreement, from and after the date hereof, each Stockholder will not enter into any voting
agreement with any person or entity with respect to any of the Shares owned by such Stockholder, grant any person or entity any proxy (revocable or irrevocable) or power of attorney with respect to any of such Shares, deposit any of such Shares in a
voting trust or otherwise enter into any agreement or arrangement with any person or entity limiting or affecting such Stockholder’s legal power, authority or right to vote such Shares in favor of the approval of the Transaction. 

(d) Notwithstanding anything in this Agreement to the contrary, any Stockholder may Transfer any Shares owned by such Stockholder to any
member of such Stockholder’s immediate family, to a trust for the benefit of such Stockholder or any 

  
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immediately family member of such Stockholder; provided, however, that such a Transfer shall be permitted only if, as a condition precedent to such Transfer, the transferee in such
Transfer agrees in a writing that is reasonably satisfactory in form and substance to Buyer to be bound by all terms of this Agreement as though such transferee were a Stockholder hereunder. 

3. Agreement to Vote Shares. 

(a) Prior to the Expiration Date, at every meeting of the stockholders of Buyer called, and at every adjournment or postponement thereof, and
on every action or approval by written consent of the stockholders of Buyer, each Stockholder (solely in Stockholder’s capacity as such) shall appear at the meeting or otherwise cause the Shares owned by such Stockholder to be present thereat
for purposes of establishing a quorum and, to the extent not voted by the persons appointed as proxies pursuant to this Agreement, vote (A) in favor of approval of the Transaction, the Transaction Agreement and the other transactions
contemplated thereby, including, without limitation, (i) the issuance of shares or securities which issuance requires approval under the rules of the NASDAQ Stock Market, (ii) any required increase of authorized shares of Common Stock,
(iii) any reverse stock split which may required in connection with the Transaction Agreement, and (iv) any amendment to the certificate of incorporation of the Company to restrict a person who is not already an owner of more than 4.99% of
the outstanding shares of the Company’s common stock from becoming an owner of more than 4.99% of the outstanding shares of the Company’s common stock (collectively, the “Proxy Proposals”), and (B) against
(i) the approval or adoption of any proposal made in opposition to, or in competition with, the Proxy Proposals and (ii) against any of the following (to the extent unrelated to the Proxy Proposals): (1) any merger, consolidation or
business combination involving Buyer or any of its subsidiaries other than the Proxy Proposals; (2) any sale, lease or transfer of all or substantially all of the assets of Buyer or any of its subsidiaries; (3) any reorganization,
recapitalization, dissolution, liquidation or winding up of Buyer or any of its subsidiaries; or (4) any other action that is intended, or would reasonably be expected to materially impede, interfere with, delay, postpone, discourage or
adversely affect the consummation of the Transaction (each of (B)(i) and (ii), a “Competing Transaction”). 
 (b) If
Stockholder is the beneficial owner, but not the record holder, of the Shares, such Stockholder agrees to take all actions necessary to cause the record holder and any nominees to vote all of the Shares in accordance with this Section 3. 

4. Grant of Irrevocable Proxy. 

(a) Each Stockholder hereby irrevocably (to the fullest extent permitted by law) grants to, and appoints, Buyer and each of its executive
officers and any of them, in their capacities as officers of Buyer (the “Grantees”), each Stockholder’s proxy and attorney-in-fact (with full power of substitution and re-substitution), for and in the name, place and stead of
such Stockholder, to vote the Shares, to instruct nominees or record holders to vote such Shares owned by such Stockholder, or grant a consent or approval in respect of such Shares in accordance with Section 3 hereof and, in the discretion of
the Grantees with respect to any proposed adjournments or postponements of any meeting of stockholders at which any of the matters described in Section 3 hereof is to be considered. 

  
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 (b) Each Stockholder represents that any proxies heretofore given in respect of
Stockholder’s shares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 
 (c) Each Stockholder
hereby affirms that the irrevocable proxy set forth in this Section 4 is given in connection with the execution of the Transaction Agreement, and that such irrevocable proxy is given to secure the performance of the duties of such Stockholder
under this Agreement. Each Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest and may under no circumstances be revoked, except as otherwise provided in this Agreement. Such irrevocable proxy is executed and
intended to be irrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law until termination of this Agreement. 

(d) The Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Each Stockholder may vote the Shares
on all other matters. 
 (e) Buyer may terminate this proxy with respect to any Stockholder at any time at its sole election by written
notice provided to Stockholder. 
 5. No Solicitation. Prior to the termination of this Agreement, each Stockholder, solely in his
capacity as a stockholder, shall not directly or indirectly, (i) solicit, initiate or knowingly encourage, induce or facilitate the making, submission or announcement of any Competing Transaction or take any action that would reasonably be
expected to lead to a proposal for a Competing Transaction, (ii) except as Buyer may be permitted pursuant to the Transaction Agreement, conduct or engage in discussions or negotiations with any Person with respect to any Competing Transaction,
or disclose any non-public information relating to Buyer or any of its Subsidiaries to any Person in connection with or in response to an Competing Transaction or an inquiry or indication of interest that could reasonably be expected to lead to a
proposal for a Competing Transaction, (iii) approve, endorse or recommend any Competing Transaction or (iv) enter into any letter of intent or similar document or any contract or agreement contemplating or otherwise relating to any
Competing Transaction. 
 6. Action in Stockholder Capacity Only. Each Stockholder makes no agreement or understanding herein as a
director, employee, officer or agent of Buyer. Each Stockholder signs solely in his capacity as a record holder and beneficial owner, as applicable, of Shares, and nothing herein shall limit or affect any actions taken in any other capacity,
including without limitation, as an officer, director, employee, or agent of Buyer. 
 7. Representations and Warranties of
Stockholder. Each Stockholder, severally but not jointly, hereby represents and warrants to Buyer and Target as follows: 
 (a)
(i) Such Stockholder is the beneficial or record owner of the shares of capital stock of Buyer indicated on the signature page of this Agreement free and clear of any and all pledges, liens, security interests, mortgage, claims, charges,
restrictions, options, title defects or encumbrances; (ii) such Stockholder does not beneficially own any securities of Buyer 

  
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other than the shares of capital stock and rights to purchase shares of capital stock of Buyer set forth on the signature page of this Agreement; (iii) such Stockholder has full power and
authority to make, enter into and carry out the terms of this Agreement and to grant the irrevocable proxy as set forth in Section 4; and (iv) this Agreement has been duly and validly executed and delivered by such Stockholder and
constitutes a valid and binding agreement of such Stockholder enforceable against him in accordance with its terms. Prior to the termination of this Agreement, such Stockholder agrees to promptly notify Buyer and Target of any additional shares of
capital stock of Buyer that such Stockholder becomes the beneficial owner of after the date hereof. 
 (b) As of the date hereof and for so
long as this Agreement remains in effect (including as of the date of the Stockholders’ Meeting, which, for purposes of this Agreement, includes any adjournment or postponement thereof), except for this Agreement or as otherwise permitted by
this Agreement, such Stockholder has full legal power, authority and right to vote all of the Shares then owned of record or beneficially by him, in favor of the approval and authorization of the Proxy Proposals without the consent or approval of,
or any other action on the part of, any other person or entity (including, without limitation, any governmental entity). Without limiting the generality of the foregoing, such Stockholder has not entered into any voting agreement (other than this
Agreement) with any person or entity with respect to any of the Shares, granted any person or entity any proxy (revocable or irrevocable) or power of attorney with respect to any of the Shares, deposited any of the Shares in a voting trust or
entered into any arrangement or agreement with any person or entity limiting or affecting his legal power, authority or right to vote the Shares on any matter. 

(c) The execution and delivery of this Agreement and the performance by such Stockholder of his agreements and obligations hereunder will not
result in any breach or violation of or be in conflict with or constitute a default under any term of any agreement, judgment, injunction, order, decree, law, regulation or arrangement to which such Stockholder is a party or by which such
Stockholder (or any of his assets) is bound, except for any such breach, violation, conflict or default which, individually or in the aggregate, would not impair or adversely in any material respect affect such Stockholder’s ability to perform
his obligations under this Agreement or render materially inaccurate any of the representations made by him herein. 
 (d) Except as
disclosed pursuant to the Transaction Agreement, no investment banker, broker, finder or other intermediary is entitled to a fee or commission from Buyer or Target in respect of this Agreement based upon any arrangement or agreement made by or on
behalf of such Stockholder. 
 (e) Each Stockholder understands and acknowledges that Buyer and Target are entering into the Transaction
Agreement in reliance upon such Stockholder’s execution and delivery of this Agreement and the representations and warranties contained herein. 

8. Representations and Warranties of Buyer. 

(a) Buyer hereby represents and warrants to Target and the undersigned Stockholder as follows: 

(i) Buyer has full power and authority to make, enter into and carry out the terms of this Agreement 

  
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 (ii) this Agreement has been duly and validly authorized by all necessary action on the
part of Buyer and has been duly and validly executed and delivered by Buyer and constitutes a valid and binding agreement of Buyer enforceable against it in accordance with its terms. 

(iii) The execution and delivery of this Agreement and the performance by Buyer of its agreements and obligations hereunder will not result
in any breach or violation of or be in conflict with or constitute a default under any term of any agreement, judgment, injunction, order, decree, law, regulation or arrangement to which Buyer is a party or by which Buyer (or any of its assets) is
bound, except for any such breach, violation, conflict or default which, individually or in the aggregate, would not impair or adversely affect Buyer’s ability to perform its obligations under this Agreement or render materially inaccurate any
of the representations made by it herein. 
 9. Waiver of Rights of Appraisal. Each Stockholder hereby waives, and agrees to prevent
the exercise of, any rights of appraisal with respect to the Transaction, or rights to dissent from the Transaction, that such Stockholder may have by virtue of his beneficial ownership of the Shares. 

10. Regulatory Approvals. Each of the provisions of this Agreement is subject to compliance with applicable regulatory conditions and
receipt of any required consents. 
 11. Confidentiality. Each Stockholder recognizes that successful consummation of the
transactions contemplated by the Transaction Agreement may be dependent upon confidentiality with respect to the matters referred to herein. In this connection, pending public disclosure thereof, and so that Buyer may rely on the safe harbor
provisions of Rule 100(b)(2)(ii) of Regulation FD, Stockholder, solely in his or its capacity as a stockholder, hereby agrees not to disclose or discuss such matters with anyone not a party to this Agreement (other than his or its counsel and
advisors, if any) without the prior written consent of Buyer and Target, except for disclosures such Stockholder’s counsel advises are necessary in order to comply with any Law, in which event Stockholder shall give notice of such disclosure to
Buyer and Target as promptly as practicable so as to enable Buyer and Target to seek a protective order from a court of competent jurisdiction with respect thereto, and except for any filings required to be made by the Stockholder under the Exchange
Act. 
 12. Termination. This Agreement shall automatically terminate and be of no further force or effect whatsoever on the first to
occur of (i) the completion of all meetings of stockholders of the Buyer required under the Transaction Agreement, (ii) the termination of the Transaction Agreement pursuant to the terms thereof, or (iii) as to any Stockholder, upon
notice from Buyer in accordance with Section 4(e) hereof (the date of termination being the “Expiration Date”). 

  
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 13. Miscellaneous Provisions. 

(a) Amendments, Modifications and Waivers. No amendment, modification or waiver in respect of this Agreement shall be effective against
any party unless it shall be in writing and signed by Buyer, Target and each Stockholder. 
 (b) Entire Agreement. This Agreement
constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among or between any of the parties with respect to the subject
matter hereof and thereof. 
 (c) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of law thereof. 
 (d)
Consent to Jurisdiction; Venue. In any action or proceeding between any of the parties arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement, each of the parties: (i) irrevocably and
unconditionally consents and submits to the exclusive jurisdiction and venue of the state courts of the State of New York and to the jurisdiction of the United States District Court for the Southern District of New York, and (ii) agrees that
all claims in respect of such action or proceeding may be heard and determined exclusively in the Southern District of New York in Manhattan, New York. 

(e) WAIVER OF JURY TRIAL. EACH OF THE PARTIES IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING
BETWEEN THE PARTIES ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 (f)
Attorneys’ Fees. In any action at law or suit in equity to enforce this Agreement or the rights of any of the parties hereunder, the prevailing party in such action or suit shall be entitled to receive a reasonable sum for its
attorneys’ fees and all other reasonable costs and expenses incurred in such action or suit. 
 (g) Assignment and Successors.
This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, including, without limitation, such Stockholder’s estate and heirs upon
the death of such Stockholder, provided that except as otherwise specifically provided herein, neither this Agreement nor any of the rights, interests or obligations of the parties hereto may be assigned by any of the parties hereto without
the prior written consent of the other parties hereto, except that Buyer, without obtaining the consent of any other party hereto, shall be entitled to assign this Agreement or all or any of its rights or obligations hereunder to any one or more
Affiliates of Buyer. No assignment by Buyer under this Section 13(g) shall relieve Buyer of its obligations under this Agreement. Any assignment in violation of the foregoing shall be void and of no effect. 

  
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 (h) No Third Party Rights. Nothing in this Agreement, express or implied, is intended to
or shall confer upon any Person (other than the parties hereto) any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

(i) Cooperation. Each Stockholder agrees to reasonably cooperate with Buyer and to execute and deliver such further documents,
certificates, agreements and instruments and to take such other actions as may be reasonably requested by Buyer to evidence or reflect the transactions contemplated by this Agreement and to carry out the intent and purpose of this Agreement. Each
Stockholder hereby agrees that Buyer and Target may publish and disclose in the Proxy Statement and any other report filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended (including all documents and schedules filed with the
SEC), such Stockholder’s identity and ownership of Shares and the nature of such Stockholder’s commitments, arrangements and understandings under this Agreement and may further file this Agreement as an Exhibit to any filing made by Buyer
or Target with the SEC relating to the Transaction. 
 (j) Severability. If any term or other provision of this Agreement is held
invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect so long as the economic or legal substance of this Agreement is not affected in any manner materially
adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in a mutually acceptable manner in order that the terms of this Agreement remain as originally contemplated to the fullest extent possible. 

(k) Time of Essence. With regard to all dates and time periods set forth or referred to in this Agreement, time is of the essence.

 (l) Specific Performance; Injunctive Relief. The parties hereto acknowledge that Buyer and Target shall be irreparably harmed and
that there shall be no adequate remedy at law for a violation of any of the covenants or agreements of such Stockholder set forth in this Agreement. Therefore, each Stockholder hereby agrees that, in addition to any other remedies that may be
available to Buyer or Target, as applicable upon any such violation, such party shall have the right to enforce such covenants and agreements by specific performance, injunctive relief or by any other means to which they are entitled at law or in
equity, without requiring the posting of any bond or other undertaking. 
 (m) Notices. All notices, consents, requests, claims,
demands and other communications under this Agreement shall be in writing and shall be deemed given if (a) delivered to the appropriate address by hand or overnight courier (providing proof of delivery), or (b) sent by facsimile with
confirmation of transmission by the transmitting equipment confirmed with a copy delivered as provided in clause (a), in each case to the parties at the following address or facsimile (or at such other address or facsimile for a party as shall be
specified by like notice): (i) if to Buyer or Target, to the address or facsimile provided in the Transaction Agreement, including to the persons designated therein to receive copies; and (ii) if to any Stockholder, to such
Stockholder’s address or facsimile shown below such Stockholder’s signature on the signature page hereof. 

  
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 (n) Counterparts. This Agreement may be executed in several counterparts, including by
facsimile, each of which shall be deemed an original and all of which shall constitute one and the same instrument, and shall become effective when counterparts have been signed by each of the parties and delivered to the other parties; it being
understood that all parties need not sign the same counterpart. 
 (o) Headings. The headings contained in this Agreement are for
the convenience of reference only, shall not be deemed to be a part of this Agreement and shall not be referred to in connection with the construction or interpretation of this Agreement. 

(p) Legal Representation. This Agreement was negotiated by the parties with the benefit of legal representation and any rule of
construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any party shall not apply to any construction or interpretation thereof. 

(q) Several Obligations. Notwithstanding anything in this Agreement to the contrary, the obligations of the Stockholders hereunder
shall be several but not joint and no Stockholder shall be responsible for any act or inaction by any other Stockholder. Each Stockholder agrees that such Stockholder’s obligations under this Agreement is a several obligation of such
Stockholder, and that the failure by any other Stockholder to perform such other Stockholder’s obligations under this Agreement or the breach by any other Stockholder of any representation or warranty hereunder shall not constitute a bar,
limitation, prohibition or defense to the enforcement of this Agreement against any Stockholder. 
 Signature pages follow. Remainder of
page intentionally left blank. 

  
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 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed as of the date
first above written. 
  

			
	Authentidate Holding Corp.
		
		 	  

	By:	 	Ian C. Bonnet
	Its:	 	President and Chief Executive Officer
	
	Peachstate Health Management LLC
		
		 	  

	By:	 	Richard Hersperger
	Its:	 	Chief Executive Officer


  
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 STOCKHOLDER SIGNATURE PAGE 

 

	
	Stockholder:
	
	[Name]
	
	  

	Signature

  

	
	Address:
	
	Telephone:
	Facsimile:
	

 Shares Beneficially Owned by Stockholder: 
  

					
	Shares of Buyer Common Stock:	 		 	  

			
	Options to acquire Buyer Common Stock:	 		 	  

			
	Restricted Stock Units issued by Buyer:	 		 	  

			
	Warrants to acquire Buyer Common Stock:	 		 	  

			
	Shares of Common Stock issuable upon conversion of Buyer Preferred Stock	 		 	  

			
	Shares of Common Stock issuable upon conversion of Convertible Debt Instruments:	 		 	  



  
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