Cliff E. Spencer Shareholder spencerc@lanepowell.com 503.778.2197 Areas of Practice Cliff Spencer focuses his practice on corporate law with particular experience in purchase and sale of businesses and corporations, capital formation and securities, business consulting and formation, dealer and manufacturer relations, corporate and cooperative governance, and equity compensation planning. He also has additional experience in public company reporting, contract litigation, and estate and financial planning. Professional Experience Foster Pepper LLP/Roberts Kaplan LLP Partner (2005-2010) Associate (1998-2004) J.P. Harris, II, P.C., Associate (1996-1997) Admitted to Practice Oregon Washington Academics Willamette University (J.D., 1995) Willamette Law Review, Associate Editor (1995) Trustees’ Merit Scholarship Willamette University, Atkinson Graduate School of Management (M.B.A., Finance, 1995) Montana State University (B.S., Business Administration, 1991) Practice Group and Specialty Team Memberships Business Bankruptcy and Creditors’ Rights Bankruptcy and Creditors’ Rights — Oil and Gas Industry Cooperative Law Corporate Finance and Securities Dealers and Manufacturer Relations Employee Benefits and Executive Compensation Financial Institutions Mergers and Acquisitions Startups and Emerging Companies Publications “Crowd Funding Raises Caution,” Portland Business Journal, Quoted (April 20, 2012) “What Liability Issues do Businesses Often Overlook?” Portland Business Journal (August 19, 2011) “The Recession’s Wake Brings New Opportunities to Explore,” Portland Business Journal (July 29, 2011) “Are Your Business Clients Feeling More Upbeat?” Portland Business Journal (April 15, 2011) “The Oregon Supreme Court Grants Majority Shareholders in Close Corporations a License to Steal: Stringer v. Car Data Systems, Inc.,” Willamette Law Review, Vol. 30, No. 2 “Oregon’s Independent Contractor Statute: A Legislative Placebo for Employers,” Willamette Law Review, Vol. 31, No. 3 “CERCLA: Indirect Regulation Dictating Lending Policy,” Oregon Business Law Digest, Vol. 12, No. 1 Speaking Engagements “Fundamentals of Agricultural Cooperatives,” Oregon State Bar’s Agricultural Law Section CLE Program, Panelist (May 11, 2012) “Designing Effective Compensation Committee Practices,” Oregon State Bar Securities Law Section Presentation (April 20, 2005) Awards and Honors Who’s Who: American Law Students Professional and Community Activities Member, Oregon State Bar Association Member, Washington State Bar Association Member, American Bar Association Advisor Board, Portland Chapter of National Association of Stock Plan Professionals (NASPP) Membership Committee, Portland Chapter of Association for Corporate Growth (ACG) Member, Oregon Entrepreneurs Network 2