0001125920-08-000031 Sample Contracts

Re: Transition Agreement
Shutterfly Inc • October 31st, 2008 • Services-photofinishing laboratories • California

This letter confirms our agreement about your departure from Shutterfly, Inc. (the “Company”), including the severance package that the Company is offering to you.

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LEASE AGREEMENT LIBERTY COTTON CENTER, LLC Landlord AND SHUTTERFLY, INC. Tenant AT Building 13 Phoenix, Arizona 85040
Lease Agreement • October 31st, 2008 • Shutterfly Inc • Services-photofinishing laboratories

THIS LEASE AGREEMENT is made by and between LIBERTY COTTON CENTER, LLC, a Delaware limited liability company (“Landlord”) and SHUTTERFLY, INC., a corporation organized under the laws of Delaware (“Tenant”), and is dated as of the date on which this Lease has been fully executed by Landlord and Tenant (the “Date of this Lease”).

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