FULL SERVICE LEASE
Date: March 22, 2004
Lessor: PS Business Parks, L.P., a California Limited Partnership
Lessee: Digimarc Corporation, a Delaware Corporation
1.01 The Premises is the Building whose address is 9405 SW Gemini Drive, Beaverton, OR 97008 . The Premises
contains approximately 46,083 rentable square feet and is shown on Exhibit “A-1.” The Building contains approximately 46,083
rentable square feet and is shown on Exhibit “A-2”. The Project is depicted on Exhibit “A-3” and contains approximately
117,870 rentable square feet. The Property is depicted on Exhibit “A-4” and is commonly referred to as Creekside Corporate
Park and contains approximately 584,493 rentable square feet.
1.02 Lessee’s Notice Address: Lessee’s Notice Address is the address of the Premises as stated in Paragraph 1.01 above.
1.03 Lessor’s Notice Address: 15455 NW Greenbrier Parkway, Suite 245, Beaverton, OR 97006 .
1.04 Lessee’s Permitted Use: Lessee shall use the Premises only for the following purpose(s) and for no other purpose
whatsoever: General office uses .
1.05 Lease Term: The Lease Term commences on September 1, 2004 or such other date as is determined by the provisions
of this Lease (the “Commencement Date”) and ends on the final day of the 84th full calendar month thereafter.
1.06 Base Rent: Base Rent shall be paid monthly in the amounts specified below:
1.07 Security Deposit: $ 75,000.00
1.08 Initial Monthly Rent Charges: Base Rent $46,667.00 .
1.09 Proportionate Share: Lessee’s Proportionate Share of the Property, which represents the approximate Proportionate
Share of the Premises to the Property, is 7.8842 %. Lessee’s Proportionate Share of the Project, which represents the
approximate Proportionate Share of the Premises to the Project, is 39.0964%. Lessee’s Proportionate Share of the Building
within which the Premises is located, which represents the approximate Proportionate Share of the Premises to the Building, is
100 %. Proportionate Share may be adjusted b