0001125920-09-000023 Sample Contracts

Amendment to Offer Letter
Amendment to Offer Letter • May 1st, 2009 • Shutterfly Inc • Services-photofinishing laboratories

This Amendment to Offer Letter (this “Amendment”) is entered into as of December 30, 2008, by and between Shutterfly, Inc. (the “Company”) and Peter Elarde (“you”) (collectively, the “parties”). This Amendment modifies certain provisions of your offer letter from the Company dated August 30, 2001 (the “Offer Letter”).

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Amendment to Employment Agreement
Employment Agreement • May 1st, 2009 • Shutterfly Inc • Services-photofinishing laboratories

This Amendment (the “Amendment”) to the Letter Agreement dated January 5, 2005 (the “Agreement”) by and between you, Jeffrey T. Housenbold, and Shutterfly, Inc. (the “Company”), is effective as of December 8, 2008 (the “Effective Date”).

August 30, 2001 Peter Elarde
Shutterfly Inc • May 1st, 2009 • Services-photofinishing laboratories
Re: Transition Agreement
Offer Letter • May 1st, 2009 • Shutterfly Inc • Services-photofinishing laboratories • California

Transition Period: Your last day of employment with the Company will be June 5, 2009 (the “Separation Date”). You are expected to continue working for the Company on a full-time basis through April 3, 2009. From April 4, 2009 until the Separation Date (the “Transition Period”), you will not be required to report to work, but will perform assigned projects and provide transitional assistance upon request. I will provide you with additional information about these special projects, which are expected to include:

Contract
Employment Agreement • May 1st, 2009 • Shutterfly Inc • Services-photofinishing laboratories
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