Document:

EX-10.2

 Exhibit 10.2 

PENSION SHORTFALL AGREEMENT 

THIS PENSION SHORTFALL AGREEMENT (“Agreement”) is made by and between CIVISTA BANCSHARES, INC., formerly known
as First Citizens Banc Corp., on behalf of itself and each of its subsidiaries (together with its subsidiaries, the “Company”) and
                                        
(“Employee”), and is effective as of             , 2015 (the “Effective Date”). 

WHEREAS, the Company sponsors a tax-qualified defined benefit pension plan known as the Pension Plan for Employees of First Citizens Banc
Corp. and its Affiliates, Plan No. 001 (the “DB Plan”); and 
 WHEREAS, on April 30, 2014, the Company amended
the DB Plan to permanently freeze and cease future benefit accruals thereunder (the “DB Plan Freeze”); and 
 WHEREAS,
because of the DB Plan Freeze, Employee’s future retirement benefits were significantly impacted; and 
 WHEREAS, the Company desires
to lessen the impact of the DB Plan Freeze upon Employee; and 
 WHEREAS, the parties desire to enter into this Agreement effective as of
the Effective Date; 
 NOW, THEREFORE, for and in consideration of the mutual promises, covenants and obligations contained herein, the
Company and Employee agree as follows: 
 1. Shortfall Account. The Company shall maintain a bookkeeping account (referred to
herein as the “Shortfall Account”) to which (i) beginning on the day following the DB Plan Freeze (i.e., May 1, 2014) and continuing on the 1st day of January of each
year thereafter that Employee is employed by the Company, $            shall be credited, and (ii) Hypothetical Earnings will be credited. As used herein, the term
“Hypothetical Earnings” shall mean earnings credited to the Shortfall Account (during the period commencing May 1, 2014, and ending on the last day of the calendar quarter preceding the date of Employee’s separation from
service with the Company) on 

 
the last day of each calendar quarter at a rate equal to the ten-year United States Treasury Constant Maturity rate as published by the Federal Reserve Bank on the first day of each month during
that quarter with the rate so determined used as the applicable rate during the remainder of that month. 
 2. Payment.
Employee shall vest in an amount equal to the total amounts credited to Employee’s Shortfall Account as of the date of Employee’s “separation from service,” within the meaning of Section 409A of the Internal Revenue Code of
1986, as amended (“Code”), with the Company other than a separation from service for “Cause”; and such vested amount shall be paid to Employee in a lump sum prior to March 15 of the year following the year in
which such vesting occurs and no later than sixty (60) business days following the date of such separation from service. Employee acknowledges and agrees that such lump sum payment shall consist solely of the amounts credited to the Shortfall
Account as of the date of Employee’s separation from service without Cause. As used herein, “Cause” means the termination of Employee’s employment with the Company which termination the Company’s board of directors
has determined is the result of Employee’s act of dishonesty, misappropriation, embezzlement, intentional fraud, or Employee’s conviction or please of nolo contendere in respect of a felony. For the avoidance of doubt, if
Employee’s separation from service is due to the Company’s termination of Employee for Cause, Employee will not vest and this Agreement shall automatically terminate and Employee shall forfeit all rights hereunder to any payment. 

3. Unfunded Agreement. This Agreement is intended to constitute an unfunded, unsecured agreement of deferred compensation that
complies with the short-term deferral exception to Code Section 409A, and constitutes a mere promise by the Company to make a payment to Employee in the future out of the Company’s general assets. Employee shall have the status of, and
shall have no better status than, a general unsecured creditor of the Company. The Company and Employee agree that the Company has not and will not in the future set aside assets for security or enter into any other arrangement which will cause this
Agreement to be or become funded for purposes of the Code or the Employee Retirement Income Security Act of 1974, as amended. If the Company determines that the short-term deferral exception to Code Section 409A becomes inapplicable, then if
Employee is a “specified employee,” within the meaning of Code Section 409A, the payment due under this Agreement to Employee shall be payable in a lump sum on the Company’s first payroll date following the earlier of
(i) the date that is six (6) months after Employee’s separation from service, or (ii) the date of Employee’s death. 

4. Applicable Law. This Agreement is entered into under, and shall be governed for all purposes of, the laws of the State of
Ohio. 
 5. Tax Withholdings. The Company may withhold from any payment made pursuant to this Agreement, all taxes and other
withholdings as may be required by applicable law. 
 6. No Assignment by Employee. Employee’s rights and interest in
this Agreement shall not be subject to voluntary or involuntary assignment, alienation or transfer, whether by operation of law or otherwise. Notwithstanding the foregoing, in the event Employee’s separation from service is due to
Employee’s death, the payment to which Employee is entitled pursuant to Section 2 hereof shall be paid to Employee’s designated beneficiary(ies) (pursuant to a written designation of beneficiary(ies) delivered by Employee to the
Company prior to Employee’s death in 

 
a form acceptable to the Company; or in the absence of such designation of beneficiary(ies), to Employee’s surviving spouse to whom Employee is legally married on the date of Employee’s
death, and in the event Employee is not survived by such a spouse, to Employee’s estate. 
 7. Claims and Review
Procedures. Generally the amount credited to the Shortfall Account will be paid under this Agreement without the necessity of the filing a claim. Employee or beneficiary or other person (such being referred to below as a
“claimant”) may deliver to the Company a written claim for a determination with respect to the amounts payable to such claimant pursuant to this Agreement. The claim must state with particularity the determination desired by the
claimant. Solely for purposes of this Section 7, the term “Company” refers to the Company and any committee designated by the Company to consider claimant’s claim or claimant’s appeal of a denied claim. 

The Company shall, within ninety (90) days after the receipt of a written claim, send written notification to the claimant as to its
disposition, unless special circumstances require an extension of time for processing the claim. If such an extension is required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial period. In
no event shall such extension exceed a period of ninety (90) days from the end of such initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Company expects to
render the final decision. 
 In the event the claim is wholly or partially denied, the written notification shall state the specific reason
or reasons for the denial, include specific references to pertinent Agreement provisions on which the denial is based, provide an explanation of any additional material or information necessary for the claimant to perfect the claim and a statement
of why such material or information is necessary, and set forth the procedure by which the claimant may appeal the denial of the claim, including a statement of the claimant’s right to bring a civil action under Section 502(a) of ERISA
following an adverse benefit determination on review. If the claim has not been granted and notice is not furnished within the time period specified in the preceding paragraph, the claim shall be deemed denied for the purpose of proceeding to appeal
in accordance with the following paragraph below. 
 In the event a claimant wishes to appeal the denial of his claim, the claimant may
request a review of such denial by making written application to the Company within sixty (60) days after receipt of the written notice of denial (or the date on which such claim is deemed denied if written notice is not received within the
applicable time period specified in the paragraph above). Such claimant (or his duly authorized representative) may, upon written request to the Company, review documents which are pertinent to such claim, obtain copies of such documents free of
charge, submit in writing issues and comments in support of his position, and may request a hearing, which the Company, in its sole discretion, may grant. Within sixty (60) days after receipt of the written appeal (unless an extension of time
is necessary due to special circumstances or is agreed to by the parties), the Company shall notify the claimant of its final decision. Such final decision shall be in writing and shall include specific reasons for the decision and specific
references to the pertinent Agreement provisions on which the decision is based. If an extension of time for review is required because of special circumstances, written notice of the extension shall be furnished to be claimant prior to the
commencement of the extension. Any extension of time will not exceed sixty (60) days. 

 Any decision on review shall take into consideration all comments, documents, records, and other
information submitted by the claimant (or the claimant’s duly authorized representative) relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. Such decision must be
written in a manner calculated to be understood by the claimant, and it must contain specific reasons for the decision, specific reference(s) to the pertinent Agreement provisions upon which the decision was based, and such other matters as the
Company deems relevant. If the claim has not been granted and written notice is not provided within the time period specified above, the appeal shall be deemed denied. 

If the claimant does not follow the procedures set forth above, the claimant shall be deemed to have waived his right to appeal benefit
determinations under the Agreement. In addition, the decisions, actions, and records of the Company shall be conclusive and binding upon all persons having or claiming to have any right or interests in or under the Agreement. 

8. Entire Agreement. This Agreement constitutes the entire agreement of the parties with regard to the subject matter hereof;
and any modification or termination of this Agreement shall be effective only if it is in writing signed by the parties. 

[Balance of page intentionally left blank] 

 IN WITNESS WHEREOF, Employee and the Company have executed this Agreement effective as of the day
and year first above written, but on the dates indicated below each. 
  

			
	EMPLOYEE:
		
	Signature:	 	  

	Printed Name:	 	  

	Address:	 	  

	  

	Date:	 	  

  

			
	CIVISTA BANCSHARES, INC.
		
	By:	 	  

	Title:	 	  

	Date:EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO LEASE 

THIS SECOND AMENDMENT TO LEASE (this “Amendment”) is made and entered into as of this 31 day of July, 2015, by and
between PD OFFICE OWNER 9, L.P., a Delaware limited partnership (“Lessor”), and DIGIMARC CORPORATION, an Oregon corporation (“Lessee”). 

WITNESSETH THAT: 

WHEREAS, pursuant to that certain lease dated March 22, 2004, which lease has been previously amended by that certain First
Amendment and Lessor Consent to Assignment and Assumption dated May 13, 2010 (the “First Amendment”; collectively, the “Lease”), Lessor leases to Lessee, and Lessee leases from Lessor, space containing
approximately 46,083 rentable square feet (as amended below, the “Premises”) located at 9405 SW Gemini Drive, Beaverton, Oregon 97008 (the “Building”), which is part of the property commonly referred to as Creekside
Corporate Park (the “Property”). 
 WHEREAS, the Term of the Lease expires on August 31, 2016, and Lessor and
Lessee desire to extend the Term subject to the terms and conditions hereof. 
 NOW THEREFORE, in consideration of the mutual
covenants contained herein, and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Lease is hereby amended and the parties hereto do hereby agree as follows: 

1.     Extension of Term. The Term of the Lease is hereby extended for ninety-one (91) months (the
“Second Extended Term”), commencing on September 1, 2016 (the “Extended Term Commencement Date”) and expiring on March 31, 2024 (the “Extended Term Termination Date”), unless terminated
earlier in accordance with the Lease. 
 2.     Rentable Area of the Premises. Effective as of the
Extended Term Commencement Date, Lessor and Lessee agree that the Premises shall consist of 47,164 rentable square feet and any reference in the Lease to “46,083” shall be changed to “47,164”. 

3.     Lessee Allowance. Lessee may perform improvements to the Premises (the
“Improvements”) and, provided that Lessee is not then in Default under the Lease, Lessor agrees to provide Lessee with an allowance in an amount not to exceed $707,460.00 ($15.00 per rentable square foot) (the
“Allowance”). Any portion of the Allowance that is not requested for disbursement by Lessee by December 31, 2017, shall accrue to the sole benefit of Lessor, it being agreed that Lessee shall not be entitled to any credit,
offset, abatement or payment with respect thereto. Lessee shall not be entitled to requisition a portion of the Allowance for the purchase and installation of any equipment, furniture or other items of personal property, except for an amount not to
exceed $353,730.00 ($7.50 per rentable square foot) for the cost of purchasing and installing any IT cabling, IT equipment (such as a network switch), UPS battery backup, generator and specialized HVAC equipment to be used in connection with the
conduct of Lessee’s business at the Premises. The Allowance shall be disbursed by Lessor in accordance with the requirements of the third (3rd) through last sentence of paragraph 2 of
the Work Letter attached to the First Amendment as Exhibit A. 
 Prior to the construction of the Improvements, Lessee will submit plans for
the Improvements for Lessor’s written approval pursuant to Paragraph 10 of the Lease. Lessee agrees that (a) the Improvements shall utilize materials of equal or better quality as Building standards; (b) Lessee agrees to select one of
the following general contractors to perform the Improvements: BnK Construction, 

  
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Commercial Contractors Inc. (CCI) or Summit Construction; and (c) Lessee shall otherwise comply with its obligations under the Lease with respect to construction of the improvements and
Lessee Alterations. Lessor agrees not to charge Lessee any construction management or supervisory fees in connection with the construction of the Improvements. 

4.     Lessor Work. Lessor shall perform the work described on Exhibit A attached hereto and made a
part hereof at Lessor’s sole cost and expense (and without reimbursement through Operating Expenses). 
 5.    
Monthly Base Rent. The schedule of Base Rent payable with respect to the Premises during the Second Extended Term is the following: 
  

													
	 Period of Second Extended Term
	  	Annual Amount
Per Square Foot	 	  	Annual Base
Rent	 	  	Monthly
Base Rent	 
	 September 1, 2016 – March 31, 2017*
	  	$	0.00	  	  	$	0.00	  	  	$	0.00	  
	 April 1, 2017 – August 31, 2017
	  	$	15.00	  	  	$	707,460.00	  	  	$	58,955.00	  
	 September 1, 2017 – August 31, 2018
	  	$	15.45	  	  	$	728,683.80	  	  	$	60,723.65	  
	 September 1, 2018 – August 31, 2019
	  	$	15.91	  	  	$	750,379.20	  	  	$	62,531.60	  
	 September 1, 2019 – August 31, 2020
	  	$	16.39	  	  	$	773,017.92	  	  	$	64,418.16	  
	 September 1, 2020 – August 31, 2021
	  	$	16.88	  	  	$	796,128.36	  	  	$	66,344.03	  
	 September 1, 2021 – August 31, 2022
	  	$	17.39	  	  	$	820,182.00	  	  	$	68,348.50	  
	 September 1, 2022 – August 31, 2023
	  	$	17.91	  	  	$	844,707.24	  	  	$	70,392.27	  
	 September 1, 2023 – March 31, 2024
	  	$	18.45	  	  	$	870,175.80	  	  	$	72,514.65	  

 All such Monthly Base Rent shall be payable by Lessee in accordance with the terms of the Lease. 

*So long as Lessee is not in Default under the Lease, Lessee shall not be obligated to pay Base Rent for the period from September 1, 2016 through and
including March 31, 2017. 
 6.     Operating Expenses. Commencing upon the commencement of the
Second Extended Term, Paragraph 4 of the Lease and Sections IV and VIII.A of the First Amendment are hereby amended as follows: 

A.     Lessee’s obligation to pay Operating Expenses shall be on a so-called “net” basis without regard to
any Expense Base Year or Base Year Operating Expenses. Any references to Expense Base Year or to Base Year Operating Expenses in the Lease are deleted. Lessor shall no longer gross-up expenses as previously allowed under Paragraph 4.04 of the Lease.
As a result, Paragraph 4.04 of the Lease is hereby amended by adding the following at the end thereof: “Except as otherwise noted herein, commencing upon the commencement of the Second Extended Term, Lessee will pay as Additional Rent
Lessee’s Proportionate Share (of the Project and/or Building, as designated from time to time by Lessor) of Operating Expenses, subject to the limitations set forth in Paragraph 4.02 of the Lease, as amended hereby, and this Amendment.”

 B.     Lessee’s Proportionate Share of the Property of 7.8842%, Lessee’s Proportionate Share of the Project
of 39.0964% and Lessee’s Proportionate Share of the Building of 100% shall remain unchanged. Paragraph 4.02(8) is hereby amended by deleting “5% of Annual Base Rent” and replacing it with “3.5% of Annual Base Rent plus
Lessee’s Proportionate Share of Operating Expenses for the same annual period as the relevant Annual Base Rent”. The non-cumulative 5% limitation on increase in CAM expenses set forth in the third full sentence of Paragraph 4.02 of the
Lease is of no further force and effect, 

  
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and Lessor and Lessee agree as follows: “Any increases in Controllable Operating Expenses for the Project and Controllable Operating Expenses for the Building, as such terms are defined
below, shall be limited to 5% per calendar year, calculated calendar year to calendar year on a cumulative basis. For instance, if Controllable Operating Expenses for the Project and Controllable Operating Expenses for the Building increase on
2% between the first and second year, and then increase 9% between the second and third year, Landlord shall be permitted to pass through an 8% increase between year two (2) and three (3). As used herein, “Controllable Operating
Expenses for the Project” are the following costs and expenses incurred by Lessor for the Project (other than the Building): (1) landscaping costs, (2) the cost of security patrols, (3) signage costs, (4) costs and
salaries and contract labor, vendors and office supplies incurred by Landlord for property management of the Project (other than the Building), but not the property management fees (which are limited by Paragraph 4.02(8) above). As used herein,
“Controllable Operating Expenses for the Building” are costs, salaries and contract labor and office supplies incurred by Landlord for property management of the Building, but not the property management fees (which are limited by
Paragraph 4.02(8) above). Lessor and Lessee agree that the foregoing 5% limitation shall not apply to any other Operating Expenses for the Project and/or the Building except for the Controllable Operating Expenses for the Project and Controllable
Operating Expenses for the Building detailed above. 
 C.     Effective as of the date of this Amendment, Lessor shall
not retroactively pass-through to Lessee any retroactive errors in prior pass-through of Operating Expenses, Real Property Taxes or Utilities and Service Costs of any kind occurring prior to calendar year 2014
that may result in additional cost to Lessee. 
 As amended hereby, Lessee shall pay Lessee’s Proportionate Share of Operating Expenses in accordance
with the terms of the Lease. Notwithstanding the foregoing, so long as Lessee is not in Default under the Lease, Lessee shall not be obligated to pay any Operating Expenses (whether through estimated monthly payments or otherwise) for the period
from September 1, 2016 through and including March 31, 2017. 
 7.     Electricity. Commencing
April 1, 2017 and continuing during the remainder of the Second Extended Term, the provisions of Section V of the First Amendment are of no force and effect and the following terms and conditions shall apply to the provision of electricity to
the Premises: Lessee shall obtain and pay for electrical energy to, or for the use of Lessee in, the Premises by direct application to, and arrangement with, the public utility serving the Property. Upon written request by Lessee, Lessor shall
reasonably cooperate with Lessee to assist Lessee in obtaining such electrical energy, including, without limitation, executing any documents as may be necessary to effect Lessee obtaining such electrical energy. If either the quantity or character
of electrical service is changed by the public utility or other company supplying electrical service to the Property or is no longer available or suitable for Lessee’s requirements (except to the extent directly attributable to Lessor or
Lessor’s agents, contractors or employees) (collectively, an “Electrical Service Event”), such Electrical Service Event shall not (a) constitute an actual or constructive eviction, in whole or in part, or entitle Lessee to
any abatement or diminution of Base Rent, or (b) relieve Lessee from any of its obligations under this Lease, or (c) impose any liability upon Lessor or its agents by reason of inconvenience or annoyance to Lessee, injury to or
interruption of Lessee’s business or otherwise. Lessee’s use of electrical service shall not exceed the capacity serving the Premises as of the date of this Amendment. Other than as may be expressly set forth in the Lease, Lessor shall not
be liable in any way to Lessee for any failure or defect in the supply or character of electric energy furnished to the Premises by reason of any requirement, act or omission of the public utility serving the Property with electricity, or for any
other reason not directly attributable to Lessor or Lessor’s agents, contractors or employees, provided, however, that in such instance, Lessor shall use commercially reasonable efforts to cause the electricity to be restored as soon as
practicable thereafter. 

  
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 8.     Services. Lessor and Lessee agree that, commencing
April 1, 2017 and continuing during the remainder of the Second Extended Term, Lessor shall have no obligation to provide the electricity as described in Paragraph 9.01A of the Lease. Paragraph 9.01 B. of the Lease is hereby modified to provide
that Lessor will not charge a fee for after hours heating and air conditioning. 
 9.     Condition of
Premises. Lessee is currently in possession of the Premises and accepts the same “as is” without any agreements, representations, understandings or obligations on the part of Lessor to perform any alterations, repairs or
improvements, except as expressly provided for herein. Paragraph 2.04 of the Lease is hereby modified to provide that Lessor will not require Lessee to remove any Lessee Alterations that are presently in the Premises as of the date of this Amendment
upon surrender of the Premises at the end of the Extended Term; provided, however, that the foregoing shall not relieve Lessee of such removal and restoration obligations under the Lease with respect to Lessee Alterations to the Premises made from
and after the date of this Amendment. 
 10.   Addresses for Notices. The addresses for notices to Lessor
under the Lease are: 
 PD OFFICE OWNER 9, L.P. 

c/o Starwood Capital Group 

591 West Putnam Avenue 

Greenwich, CT 06880 

Attention: L. Read Mortimer 

With a copy to: 

PD OFFICE OWNER 9, L.P. 

c/o Starwood Capital Group 

591 West Putnam Avenue 

Greenwich, CT 06880 

Attention: General Counsel 

11.   Option to Renew Lease. Lessor and Lessee agree that Lessee is granted one option to renew the Lease for an
additional five (5) years commencing on April 1, 2024 and ending March 31, 2029 and otherwise pursuant the terms of Paragraph 27.16 (OPTION TO RENEW LEASE), as amended hereby. Paragraph 27.16 is hereby amended as follows: 

A.     The Base Rent for the renewal term shall be the base rent then in effect for comparable space in the market at the
effective date of the commencement of the renewal term as determined in Paragraph 27.16. Lessor shall have no right to substitute the standard lease form then used by Lessor with respect to the Project, and any reference in Paragraph 27.16 to
Lessor’s form of standard lease then used by Lessor with respect to the Project is deleted. 
 B.    
Notwithstanding the last paragraph of Paragraph 27.16 of the Lease, the rights of Lessee under Paragraph 27.16 are transferable pursuant to an assignment of the Lease for which Lessor’s consent is not required under Paragraph 17.01 of the
Lease. 
 12.   Miscellaneous. 

A.     This Amendment sets forth the entire agreement between the parties with respect to the matters set forth herein.
There have been no additional oral or written representations or agreements. 

  
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Under no circumstances shall Lessee be entitled to any rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may
have been provided Lessee in connection with entering into the Lease, unless specifically set forth in this Amendment or the Lease. 

B.     As of the date of this Amendment, to the actual knowledge of Lessee (without inquiry), there are no defaults on the
part of Lessor under the Lease which are continuing beyond applicable notice and cure periods. As of the date of this Amendment, to the actual knowledge of Lessor (without inquiry), there are no defaults on the part of Lessee under the Lease which
are continuing beyond applicable notice and cure periods. 
 C.     This Amendment shall not be valid and binding on
Lessor and Lessee unless and until it has been completely executed by and delivered to both parties. 
 D.     Except as
expressly amended and modified in this Amendment, the Lease shall otherwise remain in full force and effect, the parties hereto hereby ratifying and confirming the same. In the case of any inconsistency between the provisions of the Lease and this
Amendment, the provisions of this Amendment shall govern and control. 
 E.     The capitalized terms used in this
Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment. 

F.     Lessee represents to Lessor that Lessee has dealt with no broker in connection with this Amendment, except Jones
Lang LaSalle Brokerage, Inc. (“JLL”). Lessee agrees to indemnify and hold Lessor, its members, principals, beneficiaries, partners, officers, directors, employees, mortgagees and agents harmless from all claims of any brokers other
than JLL claiming to have represented Lessee in connection with this Amendment. Lessor represents to Lessee that Lessor has dealt with no broker in connection with this Amendment, except JLL. Lessor agrees to indemnify and hold Lessee, its members,
principals, beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents harmless from all claims of any brokers claiming to have represented Lessor in connection with this
Amendment. Lessor agrees to pay the commission earned by JLL in connection with this Amendment pursuant to their separate agreement. 

G.     Lessor represents that its signatory of this Amendment has the authority to execute and deliver the same on behalf
of Lessor. Lessee represents that its signatory of this Amendment has the authority to execute and deliver the same on behalf of Lessee. Lessee represents that it has not made any assignment, sublease, transfer, conveyance of the Lease or any
interest therein or in the Premises. Lessor represents that it has not made any conveyance of any interest in the Premises, except for the Lease. Lessor and Lessee each further represents and warrants that neither Lessor nor Lessee, as applicable,
nor any persons or entities holding any legal or beneficial interest whatsoever in Lessor or Lessee, as applicable, are (i) the target of any sanctions program that is established by Executive Order of the President or published by the Office
of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFAC pursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers Act,
50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such statutes; or (iii) named on the following list that is published by
OFAC: “List of Specially Designated Nationals and Blocked Persons.” 

  
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 IN WITNESS WHEREOF, Lessor and Lessee have duly executed this Amendment as of the day and
year first above written. 
  

			
	 LESSOR:

	
	PD OFFICE OWNER 9, L.P., a Delaware limited partnership
	
	By: PD OFFICE OWNER 9 GP, L.L.C. a Delaware limited liability company, its General Partner
		
	By:	 	 /s/ L. Read Martimer

		 	Name: L. Read Martimer
		 	Title: Vice President
	
	 LESSEE:

	
	DIGIMARC CORPORATION, an Oregon corporation
		
	By:	 	 /s/ Robert P. Chamness

		 	Name: Robert P. Chamness
		 	Title: EVP

  
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 EXHIBIT A 

LESSOR WORK 
 ALL LESSOR WORK LISTED
BELOW SHALL BE COMPLETED WITHIN A REASONABLE AMOUNT OF TIME FOLLOWING THE FULL EXECUTION OF THIS AMENDMENT (OR WITHIN THE TIME SPECIFICALLY STATED, IF APPLICABLE). 
  

	 	1.	HVAC roof unit no. 4 to be replaced. Lessor will commence work on replacing this unit within a reasonable time following the execution of this Amendment. If HVAC roof unit no. 4 is not fully replaced on or prior to
December 31, 2015, any and all costs and expenses for the repair and maintenance of HVAC roof unit no. 4 shall be excluded from Operating Expenses until such time as HVAC roof unit no. 4 is fully replaced as required under this Exhibit A.

  

	 	2.	Main lobby entry will be upgraded consistent with the rendering attached, which shall include replacement of the storefront window system. 

 

	 	3.	The cracks in the exterior walls shall be filled, and the exterior walls of the building, the sprinkler door and the deck wrought iron shall be painted in the new building color scheme. 

 

	 	4.	Sound mitigation installations to be made at the elevator room. It is understood that such installations may only dampen, and not completely confine noise, due to the location of the elevator room. 

 

	 	5.	Lessor has completed and passed the annual test of the Fire Alarm systems. 

  

	 	6.	Three (3) windows in Intaligio conference room to be replaced. 

  

	 	7.	The rain gutter above the IT area entry that is rusted shall be removed, replaced and painted to match the building façade color scheme. 

 

	 	8.	Landscaping in front of the Building shall be upgraded as part of the building renovation. 

  
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