0001125920-19-000008 Sample Contracts

Shutterfly Inc – Shutterfly, Inc. Performance Bonus Plan (March 1st, 2019)

The Shutterfly, Inc. Performance Bonus Plan (“Plan”) is designed to motivate employees to consistently exceed our high standards and deliver world-class products and services. The Plan is designed to provide eligible participants with the opportunity to share in Shutterfly, Inc.’s (the “Company”) success and value creation with stockholders, thereby aligning employee and stockholder interests and driving increased stockholder value.

Shutterfly Inc – [Shutterfly Letterhead] May 14, 2018 Maureen Michelle Mericle [Address] Dear Mickey: (March 1st, 2019)

We are delighted to have you join the Shutterfly family, and look forward to welcoming you to the company. Accordingly, I am pleased to offer you a regular full-time position with Shutterfly, Inc., as Senior Vice President, Chief Marketing Officer, commencing on October 1, 2018 (this date or the date you actually commence employment is referred to as the "Hire Date"), reporting to Christopher North. This job is located in Redwood City, CA.