Case 16-10284-KJC
Doc 182
Filed 06/17/16
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Exhibit 10.4
THIS IS NOT A SOLICITATION OF VOTES ON THE PLAN. VOTES MAY NOT BE SOLICITED
UNTIL THE BANKRUPTCY COURT HAS APPROVED A DISCLOSURE STATEMENT. THIS DISCLOSURE
STATEMENT IS BEING SUBMITTED FOR APPROVAL BUT HAS NOT YET BEEN APPROVED BY THE
BANKRUPTCY COURT. THE INFORMATION IN THIS DISCLOSURE STATEMENT IS SUBJECT TO
CHANGE. THIS DISCLOSURE STATEMENT IS NOT AN OFFER TO SELL ANY SECURITIES AND IS
NOT SOLICITING AN OFFER TO BUY ANY SECURITIES.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re:
Chapter 11
WAVE SYSTEMS CORP.,
Case No. 16-10284 (KJC)
Debtor.
DISCLOSURE STATEMENT FOR THE
PLAN OF REORGANIZATION OF WAVE SYSTEMS CORP.
Alan M. Root (No. 5427)
Charles A. Beckham, Jr. (TX Bar No. 02016600) ARCHER
& GREINER, P.C.
HAYNES AND BOONE, LLP 300 Delaware Avenue, Suite 1100
1221
McKinney Street, Suite 2100 Wilmington, DE 19801
Houston, Texas 77010
Telephone (302) 777-4350
Telephone: (713) 547-2000 Email 
Email:  - and -
- and -
Trevor R.
Hoffmann (NY Bar No. 24048806) Stephen M. Packman
HAYNES AND BOONE, LLP
ARCHER & GREINER, P.C
30 Rockefeller Plaza, 26th Floor 1650 Market Street ,
32nd Floor
New York, NY 10112 Philadelphia, PA 19103-7393
Telephone: (212)
659-7300 Telephone: (215) 963-3300
Email: 
E-mail: 
Counsel to the Chapter 11 Trustee
Counsel
to Plan Sponsor
Case 16-10284-KJC
Doc 182
Filed 06/17/16
Page 2 of 61
DISCLAIMERS
THIS DISCLOSURE STATEMENT PROVIDES INFORMATION REGARDING THE PLAN OF
REORGANIZATION OF WAVE SYSTEMS CORP. THAT THE PROPONENTS ARE SEEKING TO HAVE
CONFIRMED BY THE BANKRUPTCY COURT. THE INFORMATION CONTAINED IN THIS DISCLOSURE
STATEMENT IS INCLUDED FOR PURPOSES OF SOLICITING ACCEPTANCES TO, AND
CONFIRMATION OF, THE PLAN AND MAY NOT BE RELIED ON FOR ANY OTHER PURPOSE.
APPROVAL OF THIS DISCLOSURE STATEMENT DOES NOT CONSTITUTE A DETERMINATION OR
RECOMMENDATION BY THE BANKRUPTCY COURT AS TO THE FAIRNESS OR THE MERITS OF THE
PLAN.
THIS DISCLOSURE STATEMENT CONTAINS SUMMARIES OF CERTAIN PROVISIONS OF THE PLAN,
CERTAIN STATUTORY PROVISIONS, CERTAIN DOCUMENTS RELATING TO THE PLAN, AND
CERTAIN FINANCIAL INFORMATION. ALTHOUGH THE CHAPTER 11 TRUSTEE BELIEVES THAT
THESE SUMMARIES ARE FAIR AND ACCURATE AND PROVIDE ADEQUATE INFORMATION WITH
RESPECT TO THE DOCUMENTS SUMMARIZED, SUCH SUMMARIES ARE QUALIFIED TO THE EXTENT
THAT THEY DO NOT SET FORTH THE ENTIRE TEXT OF, OR ARE INCONSISTENT WITH, SUCH
DOCUMENTS.
ALTHOUGH THE CHAPTER 11 TRUSTEE HAS MADE EVERY EFFORT TO BE ACCURATE, THE
FINANCIAL INFORMATION CONTAINED HEREIN HAS NOT BEEN THE SUBJECT OF AN AUDIT OR
OTHER REVIEW BY AN ACCOUNTING FIRM. IN THE EVENT OF ANY CONFLICT, INCONSISTENCY,
OR DISCREPANCY BETWEEN THE TERMS AND PROVISIONS IN THE PLAN, THIS DISCLOSURE
STATEMENT, THE EXHIBITS ANNEXED TO THIS DISCLOSURE STATEMENT, OR THE FINANCIAL
INFORMATION INCORPORATED HEREIN OR THEREIN BY REFERENCE, THE PLAN SHALL GOVERN
FOR ALL PURPOSES. ALL HOLDERS OF CLAIMS SHOULD READ THIS DISCLOSURE STATEMENT
AND THE PLAN IN THEIR ENTIRETY BEFORE VOTING ON THE PLAN.
THE STATEMENTS AND FINANCIAL INFORMATION CONTAINED HEREIN HAVE BEEN MADE AS OF