0001125920-08-000011 Sample Contracts

FIRST AMENDMENT TO LEASE (EXPANSION)
To Lease • March 10th, 2008 • Shutterfly Inc • Services-photofinishing laboratories

This First Amendment to Lease (the “Agreement”) is entered into as of April 30, 2007, by and between WESTPORT OFFICE PARK, LLC, a California limited liability company (“Landlord”), and SHUTTERFLY, INC., a Delaware corporation ("Tenant"), with respect to the following facts and circumstances:

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LEASE AGREEMENT BY AND BETWEEN (AS LANDLORD) AND SHUTTERFLY, INC. (AS TENANT)
Lease Agreement • March 10th, 2008 • Shutterfly Inc • Services-photofinishing laboratories

In consideration of the mutual covenants and agreements contained herein, the parties hereto agree for themselves, their successors and assigns, as follows:

SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS
Separation Agreement • March 10th, 2008 • Shutterfly Inc • Services-photofinishing laboratories

THIS SEPARATION AGREEMENT AND GENERAL RELEASE OF CLAIMS (“Agreement”) is entered into by and between Stephen E. Recht, his heirs, successors, assigns, agents or representatives of any kind (collectively, “Employee”) and Shutterfly, Inc., its officers, directors, stockholders, investors, assigns, attorneys, agents, independent contractors, employees, predecessors, successors, affiliates or other representatives of any kind (collectively, the “Company”). This Agreement will become effective on the eighth day after it is signed by Employee (the “Effective Date”), provided that Employee has not revoked this Agreement (by written notice to Doug Appleton, Vice President, Legal at the Company) prior to that date in accordance with the revocation terms contained herein.

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