Document:

exv10w1

Exhibit 10.1

Execution Version

STOCK TRANSFER, RELEASE AND WAIVER AGREEMENT

This STOCK TRANSFER, RELEASE AND WAIVER AGREEMENT (the “Agreement”), dated as of April 28,
2010, is entered into by and among, R&G Financial Corporation, a corporation organized and existing
under the laws of the Commonwealth of Puerto Rico (hereinafter, “RGF”), R-G Premier Bank of
Puerto Rico, a commercial bank organized and existing under the laws of the Commonwealth of Puerto
Rico (hereinafter, “RGP” or the “Bank”), and R&G Mortgage Corp., a corporation organized
and existing under the laws of the Commonwealth of Puerto Rico (hereinafter, “RGM”, and
together with RGF and RGP, collectively, the “Parties”).

WITNESSETH:

WHEREAS, on February 16, 1990, Guaynabo Federal Savings Bank, the predecessor bank to RGP, entered
into a Master Purchase, Servicing and Collection Agreement with RGM, as amended (the “MPSCA”),
which established that RGP would sell to RGM all the rights, title and interest of RGP in and to
the servicing rights (“MSRs”) with respect to mortgage loans RGP held in its loan portfolio in
exchange for cash consideration;

WHEREAS, pursuant to an amendment made to the MPSCA on July 1, 1994, the MPSCA provided that RGM’s
obligation to pay for the sale of the MSRs would only be payable when and if RGP sold the mortgage
loans to a third party;

WHEREAS, between 2001 and 2005, RGM did not to make payments to RGP as to the loans sold to third
parties;

WHEREAS, on November 2, 2007, the Parties restated the accounting treatment of the transactions
made under the MPSCA which led to the recognition by RGP of an intercompany account receivable (the
“Intercompany Receivable”) from RGM in the original amount of $50,509,000, and the Parties
executed an Amended and First Restated Master Loan Servicing Agreement on January 1, 2006;

WHEREAS, the original amount of the Intercompany Receivable was reduced on December 23, 2009 to
$42,109,847 after deducting the amount of $8,399,153 in tax overpayments made by RGM from the
original amount of the Intercompany Receivable;

WHEREAS, RGM and RGP are both wholly-owned subsidiaries of RGF;

WHEREAS, the outstanding capital stock of RGM is accounted for in the books of RGF at $45,299,051,
after satisfaction of the Intercompany Receivable;

WHEREAS, in consideration of the full satisfaction and extinguishment of the Intercompany
Receivable, the Release and Waiver provided in Section 5 hereon, and other good and valuable
consideration, RGF has agreed to transfer 3,150,000 shares of common stock and 500,000 shares of
preferred stock (the “Shares”) of RGM (which represent all of the issued and outstanding shares of
capital stock of RGM) to the Bank; and,

WHEREAS, as a further benefit of the transfer of the Shares to RGP, RGM has an additional
intercompany receivable of $6,331,024, which was written off by RGP following the 2008 Report

 

 

of Examination, that upon transfer of the Shares, will increase RGP’s capital when RGM is
consolidated with RGP, with the aggregate result being that RGP’s equity will increase by
approximately $51 million on a consolidated basis.

NOW, THEREFORE, the Parties hereby agree as follows:

     1. Incorporation of Preamble.

          The preamble to this Agreement is hereby incorporated and made a part hereof.

     2. Assumption of Indebtedness; Waiver of Right of Reimbursement.

          (a) RGF hereby assumes the indebtedness of RGM related to the Intercompany Receivable as paid
in capital contributed by RGF to RGM.

          (b) RGF hereby waives and agrees not to enforce against RGM or RGP any right of reimbursement
or subrogation that it may have under Article 1112 of the Puerto Rico Civil Code, 31 L.P.R.A. Sec.
3162, as a result of the full satisfaction of the Intercompany Receivable.

     3. Full Satisfaction and Extinguishment of Intercompany Receivable.

          (a) RGP hereby accepts the transfer of the Shares of RGM from RGF as payment in full
satisfaction of the Intercompany Receivable.

          (b) The Parties provide the Release and Waiver set forth in Section 5 hereof. RGF hereby
transfers and conveys title to the Shares of RGM to RGP in consideration of the full satisfaction
and extinguishment of the Intercompany Receivable and the Release and Waiver.

     4. Delivery of Stock Certificate.

          RGF hereby delivers to RGP the certificates evidencing ownership of the Shares of RGM, duly
endorsed to the order of RGP.

     5. Release and Waiver.

          In consideration of the transfer of the Shares of RGM by RGF and the full satisfaction and
extinguishment of the Intercompany Receivable, the Parties hereby release and forever discharge
each other, of and from any and all past, present or future claims, demands, obligations, actions,
suits, causes of action, rights, defenses or counterclaims it may have or have had, damages,
losses, costs, expenses, attorneys’ fees, and compensation of any nature whatsoever, which such
Party now has, or which may hereafter accrue or otherwise be acquired, on account of, or in
connection with any acts or omissions growing out or related to the Intercompany Receivable,
including, without limitation, any and all known or unknown claims and resulting damages and
losses, and the consequences thereof, sustained by such Party and any and all persons or entities
whose rights to claim for such damages and losses have been fully vested upon such Party by way of
subrogation, which have resulted or may result from the Intercompany Receivable.

2

 

     6. Representations, Warranties and Covenants.

          (a) RGF’s Representations and Warranties. RGF represents and warrants to RGP as
follows:

               (i) Organization of RGF. RGF is a corporation duly organized and validly existing
under the laws of the Commonwealth of Puerto Rico.

               (ii) Authorization of Transaction. RGF has full power and authority (including full
corporate or other entity power and authority) to execute and deliver this Agreement and to perform
its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of
RGF, enforceable in accordance with its terms and conditions. The Board of Directors of RGF has
approved the transactions contemplated in this Agreement and RGF has obtained or received any and
all approvals to the transactions contemplated in this Agreement from any applicable department,
agency, instrumentality, or other entity exercising executive, legislative, judicial, regulatory,
or administrative functions of, or pertaining to, the government of the Commonwealth of Puerto Rico
or the United States of America, including, but not limited to, any and all approvals from the
Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and
the Commissioner of Financial Institutions of Puerto Rico.

               (iii) No contravention. Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (A) to RGF’s knowledge, violate any
constitution, statute, regulation or rule to which RGF is subject, (B) violate any injunction,
judgment, order, decree, ruling, charge, or other restriction of any government, governmental
agency, or court to which RGF is subject or any provision of its charter, bylaws, or other
governing documents, (C) conflict with, result in a material breach of, constitute a material
default under, result in the acceleration of, create in any party the right to accelerate,
terminate, modify, or cancel, or require any notice under any material agreement, contract, lease,
license, instrument, or other arrangement to which the RGF is a party or by which it is bound or to
which any of its assets is subject, or (D) result in the imposition or creation of a lien upon or
with respect to the Shares.

               (iv) Shares of RGM. RGF holds of record and owns beneficially all the Shares of RGM,
free and clear of any restrictions on transfer, taxes, liens, options, warrants, purchase rights,
contracts, commitments, equities, claims, and demands. RGF is not a party to any option,
subscriptions, warrant, capital or equity appreciation rights agreements, preemptive right, right
of first refusal, buy-sell, purchase right, or other contract, right or commitment of whatever
kind, whether or not vested or contingent that could require the RGF to sell, transfer, or
otherwise dispose of the Shares of RGM or any other shares or securities evidencing any capital
stock of RGM (other than this Agreement). RGF is not a party to any voting trust, proxy, or other
agreement or understanding with respect to the voting of the Shares of RGM or any other shares or
securities evidencing any capital stock of RGM.

          (b) RGP’s Representations and Warranties. RGP represents and warrants to RGF as
follows:

               (i) Organization of RGP. RGP is a commercial bank duly organized and
validly existing under the laws of the Commonwealth of Puerto Rico.

3

 

               (ii) Authorization of Transaction. RGP has full power and authority (including full
corporate or other entity power and authority) to execute and deliver this Agreement and to perform
its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of
RGP, enforceable in accordance with its terms and conditions. The Board of Directors of RGP has
approved the transactions contemplated in this Agreement and RGP has obtained or received any and
all approvals to the transactions contemplated in this Agreement from any applicable department,
agency, instrumentality, or other entity exercising executive, legislative, judicial, regulatory,
or administrative functions of, or pertaining to, the government of the Commonwealth of Puerto Rico
or the United States of America, including, but not limited to, any and all approvals from the
Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and
the Commissioner of Financial Institutions of Puerto Rico.

               (iii) No contravention. Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (A) violate any constitution,
statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other
restriction of any government, governmental agency, or court to which RGP is subject or any
provision of its charter, bylaws, or other governing documents or (B) conflict with, result in a
material breach of, constitute a material default under, result in the acceleration of, create in
any party the right to accelerate, terminate, modify, or cancel, or require any notice under any
material agreement, contract, lease, license, instrument, or other arrangement to which RGP is a
party or by which it is bound or to which any of its assets is subject.

          (c) RGM Representations and Warranties. RGM represents to RGP as follows:

               (i) Organization of RGM. RGM is a corporation duly organized and validly existing
under the laws of the Commonwealth of Puerto Rico.

               (ii) Financial Condition. RGM has delivered to RGP its unaudited balance sheet as of
March 31, 2010, copy of which is attached hereto as Exhibit A, and hereby certifies and represents
that such financial statement is true and accurate in all respects and fairly present the financial
position of RGM as of the dates and for the periods therein set forth.

               (iii) Authorization of Transaction. RGM has full power and authority (including full
corporate or other entity power and authority) to execute and deliver this Agreement and to perform
its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of
RGM, enforceable in accordance with its terms and conditions. The Board of Directors of RGM has
approved the transactions contemplated in this Agreement and RGM has obtained or received any and
all approvals to the transactions contemplated in this Agreement from any applicable department,
agency, instrumentality, or other entity exercising executive, legislative, judicial, regulatory,
or administrative functions of, or pertaining to, the government of the Commonwealth of Puerto Rico
or the United States of America, including, but not limited to, any and all approvals from the
Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and
the Commissioner of Financial Institutions of Puerto Rico.

               (iv) No contravention. Neither the execution and the delivery of this Agreement, nor
the consummation of the transactions contemplated hereby, will (i) violate any constitution,
statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other

4

 

restriction of any government, governmental agency, or court to which RGM is subject or any
provision of the charter or bylaws of RGM or (ii) conflict with, result in a material breach of,
constitute a material default under, result in the acceleration of, create in any party the right
to accelerate, terminate, modify, or cancel, or require any notice under any material agreement,
contract, lease, license, instrument, or other arrangement to which RGM is a party or by which it
is bound or to which any of its assets is subject.

     7. Confidentiality.

          (a) The Parties shall maintain confidential (i) all provisions of this Agreement, (ii) all the
information acquired with respect to the other parties during the negotiations conducted prior to
the execution of this Agreement, and (iii) all information acquired with respect to the other
parties or exchanged between the parties in connection with the provisions of this Agreement or
related to the transactions contemplated under this Agreement, and none of the Parties shall reveal
or publicly disclose any part of such information nor the terms and conditions of this Agreement,
without prior authorization from the other Parties, except for:

               (i) any disclosure that is required as part of any notification or request for approval that
must be made to the any governmental authority; and

               (ii) any other disclosures required contractually or by applicable law.

          (b) Each of the Parties shall also require its respective directors, officers, employees,
agents and any other person that obtains access to information with respect to this Agreement to
honor and comply with the confidentiality obligations herein established.

     8. Exclusive Benefit of Parties; Assignment. This Agreement is for the exclusive
benefit of the Parties hereto and their respective successors and permitted assigns and shall not
be deemed to give any legal or equitable right to any other person. Except as expressly provided
herein, this Agreement and the rights or obligations of the Parties hereunder may not be assigned
by either Party hereto without the prior written consent of the other Party, which consent shall
not be unreasonably withheld.

     9. Amendment; Waivers. This Agreement may be amended only by written agreement of the
Parties. Any forbearance, failure, or delay by a Party in exercising any right, power, or remedy
hereunder shall not be deemed to be a waiver thereof, and any single or partial exercise by such
Party of any right, power or remedy hereunder shall not preclude the further exercise thereof.
Every right, power and remedy of a Party shall continue in full force and effect until specifically
waived by each Party in writing.

     10. Effect of Invalidity of Provisions. In case any one or more or part thereof of the
provisions contained in this Agreement should be or become invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained herein or
therein shall in no way be affected, prejudiced or disturbed thereby.

     11. Governing Law; Waiver of Jury Trial. All matters relating to this Agreement shall
be governed by and construed in accordance with the laws of the Commonwealth of Puerto Rico. The
Parties irrevocably agree to waive any rights it may have to a jury trial in any action or
proceeding against it arising out of or relating in any manner to this Agreement.

5

 

     12. Notices. All demands, notices, instructions and communications hereunder shall be
in writing and shall be sent to the Parties at the addresses listed below (or such other address as
may hereafter be furnished to the other Party by notice given hereunder): (a) by hand delivery,
with receipt of delivery acknowledged; (b) by registered or certified mail, return receipt
requested; (c) by reputable overnight courier service, with receipt of delivery acknowledged; or
(d) by facsimile communication, with the original forwarded as provided in (a), (b) or (c). Any
such demand, notice, instruction or communication hereunder shall be deemed to have been given on
the date received or on the date delivered and refused; provided, however, that a facsimile
transmission shall be deemed to be received when transmitted so long as the transmitting machine
has provided an electronic confirmation of such transmission.

	 	 	 

	If to RGF:

	 	R&G Financial Corporation

290 Jesús T. Piñero, Hyde Park

San Juan, Puerto Rico 00918

Attention: Rolando Rodríguez, President and CEO

Fax: 787-625-5570
	 
	 	 
	If to RGP:

	 	R-G Premier Bank of Puerto Rico

290 Jesús T. Piñero, Hyde Park

San Juan, Puerto Rico 00918

Attention: José A. Díaz, President

Fax: 787-766-8370
	 
	 	 
	If to RGM:

	 	R&G Mortgage Corp.

290 Jesús T. Piñero, Hyde Park

San Juan, Puerto Rico 00918

Attention: Rolando Rodríguez, President

Fax: 787-625-5570

     13. Effectiveness. The transfer of the Shares of RGM to RGP shall be made by RGF upon
receipt of all regulatory approvals or non-objections. This Agreement shall be deemed to be
effective as of the date hereof upon signature of the Parties.

     14. Entire Agreement. This Agreement together with all exhibits and schedules hereto,
contain the entire agreement between the Parties hereto with respect to the subject matter hereof,
and supersedes all prior and contemporaneous agreements between the Parties, oral or written, of
any nature whatsoever with respect to the subject matter hereof.

     15. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which shall constitute one and the same
instrument.

[Remainder of page intentionally left blank.]

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IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	R&G FINANCIAL CORPORATION	 		 	 R-G PREMIER BANK OF PUERTO RICO	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ ROLANDO RODRÍGUEZ	 	 	 	By:	 	/s/ JOSÉ A. DÍAZ	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Rolando Rodríguez
	 	 	 	 	 	Name:
	 	José A. Díaz	 	 
	 

	 	Title:
	 	President and Chief Executive Officer
	 	 	 	 	 	Title:
	 	President	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	R&G MORTGAGE CORP.	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ ROLANDO RODRÍGUEZ	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Rolando Rodríguez	 	 	 	 	 	 	 	 	 	 
	 

	 	Title:
	 	President	 	 	 	 	 	 	 	 	 	 

Affidavit Number 696

     Acknowledged and subscribed before me by Rolando Rodríguez, of legal age, married, executive
and resident of San Juan, Puerto Rico, as President and Chief Executive Officer of R&G Financial
Corporation and as President of R&G Mortgage Corp.; and by José A. Díaz, of legal age, married,
executive and resident of San Juan, Puerto Rico, as President of R-G Premier Bank of Puerto Rico,
both of whom are personally known to me, in San Juan, Puerto Rico, this 28th day of
April, 2010.

	 	 	 	 	 
	 	 	 
	 	/s/ MARIA CRISTINA MENA IRIZARRY
 	 
	 	Notary Public 	 
	 	 	 
	 

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Exhibit A

Unaudited Balance Sheet of RGM as of March 31, 2009

8exv10w2

Exhibit 10.2

EMPLOYMENT AGREEMENT

     This Employment Agreement is entered into this September 1, 2009 by Vistaprint USA,
Incorporated (the “Company”) and Robert S. Keane (the “Employee”).

     The parties agree as follows:

     1. Term of Employment. The Company agrees to employ the Employee, and the Employee
hereby accepts employment with the Company, upon the terms set forth in this Agreement, for the
period commencing on the date of this Agreement and ending upon the termination of the Employee’s
employment as set forth in Section 4 below (the “Employment Period”).

     2. Duties and Capacity. During the Employment Period, the Employee shall perform the
duties described on Schedule A attached to this Agreement. The Employee is subject to the
supervision of, and has such authority as is delegated to the Employee by, the Company’s Board of
Directors or such officer of the Company as may be designated by the Board. The Employee hereby
accepts such employment and agrees to undertake the duties and responsibilities described on
Schedule A. The Employee agrees to abide by the rules, regulations, instructions,
personnel practices and policies of the Company and any changes therein that the Company may adopt
from time to time.

     3. Compensation and Benefits.

          3.1 Salary. The Company shall pay the Employee, in accordance with the Company’s
regular payroll practices, an annualized base salary of $156,960 (approximate, based on 30-day
trailing average currency exchange rate in effect at May 6, 2009) for the one-year period
commencing on the Commencement Date.

          3.2 Other Benefits. The Employee is entitled to participate in all bonus and benefit
programs that the Company establishes and makes available to its employees, to the extent that the
Employee is eligible under (and subject to the provisions of) the plan documents governing those
programs. In particular, the Employee is entitled to receive the bonuses, incentive awards and
equity compensation awards for the Company’s fiscal year 2010 described on Schedule A.

          3.3 Reimbursement of Expenses. The Company shall reimburse the Employee for all
reasonable travel, entertainment and other expenses incurred or paid by the Employee in connection
with, or related to, the performance of his or her duties, responsibilities or services under this
Agreement, upon presentation by the Employee of documentation, expense statements, vouchers and/or
such other supporting information as the Company may request.

          3.4 Withholding. All salary, bonus and other compensation payable to the Employee is
subject to applicable withholding taxes.

 

 

     4. Employment Termination. This Agreement and the employment of the Employee
terminate upon the occurrence of any of the following:

          4.1 Upon the death or disability of the Employee. As used in this Agreement, the term
“disability” has the definition set forth in the Company’s then-applicable long-term disability
plan.

          4.2 At the election of the Employee, upon not less than thirty (30) calendar days’ prior
written notice of termination by the Employee to the Company.

          4.3 At the election of the Company, upon not less than thirty (30) calendar days’ prior
written notice of termination by the Company to the Employee.

     5. Other Agreements. The Employee shall comply with the terms and obligations set
forth in all other agreements between the Employee and the Company, the Company’s parent
corporation and other subsidiaries of the Company’s parent (collectively, the “Vistaprint Group”),
including but not limited to non-competition, non-solicitation, non-disclosure, proprietary rights
and developments, and executive retention agreements.

     6. Notices. Any notice delivered under this Agreement is deemed duly delivered three
(3) business days after it is sent by registered or certified mail, return receipt requested,
postage prepaid, or one (1) business day after it is sent for next business day delivery via a
reputable nationwide overnight courier service.

     7. Pronouns. Whenever the context may require, any pronouns used in this Agreement
shall include the corresponding masculine, feminine or neuter forms, and the singular forms of
nouns and pronouns shall include the plural, and vice versa.

     8. Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and the Employee.

     9. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Massachusetts (without reference to the conflict of laws
provisions thereof). Any action, suit or other legal proceeding arising under or relating to any
provision of this Agreement shall be commenced only in a court of the Commonwealth of Massachusetts
(or, if appropriate, a federal court located within the Commonwealth of Massachusetts), and the
Company and the Employee each consents to the jurisdiction of such a court. The Company and the
Employee each hereby irrevocably waive any right to a trial by jury in any action, suit or other
legal proceeding arising under or relating to any provision of this Agreement.

     10. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of both parties and their respective successors and assigns, including any corporation with
which or into which the Company may be merged or which may succeed to its assets or business,
except that the obligations of the Employee are personal and shall not be assigned by him or her.

- 2 -

 

     11. Acknowledgment. The Employee represents that he or she has had an opportunity to
fully discuss and review the terms of this Agreement with an attorney. The Employee further states
and represents that he or she has carefully read this Agreement, understands the contents herein,
freely and voluntarily assents to all of the terms and conditions hereof, and signs his or her name
of his or her own free act.

     12. Miscellaneous.

          12.1 No delay or omission by the Company in exercising any right under this Agreement shall
operate as a waiver of that or any other right. A waiver or consent given by the Company on any
one occasion shall be effective only in that instance and shall not be construed as a bar to or
waiver of any right on any other occasion.

          12.2 The captions of the sections of this Agreement are for convenience of reference only and
in no way define, limit or affect the scope or substance of any section of this Agreement.

          12.3 In case any provision of this Agreement is invalid, illegal or otherwise unenforceable,
the validity, legality and enforceability of the remaining provisions shall in no way be affected
or impaired thereby.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set
forth above.

	 	 	 	 	 
	 	VISTAPRINT USA, INCORPORATED

 	 
	 	By:  	/s/
Michael Giannetto
 	 
	 	 	Title:              CFO 	 
	 	 	 	 
	 
	 	EMPLOYEE

 	 
	 	/s/ Robert S. Keane
 	 
	 	Robert S. Keane 	 
	 	 	 

- 3 -

 

	 	 	 	 	 

SCHEDULE A

Duties of the Employee

	•	 	Lead and participate in operational sessions of the Global Executive Team (GET). The
Employee’s duties for the Company do not include strategic or other non-operational
sessions of the GET.

	•	 	Travel and engage in activities for existing entities and functions within the Vistaprint
Group. The Employee will regularly travel to existing locations and commission work efforts
for sub-corporate global groups, business units and functions.

	•	 	Travel to new locations once a decision has been made to establish new offices. Once the
Vistaprint Group has decided to establish a new location, the Employee will engage in
activities relating to the establishment of the location, which may include travel to the
location. The Employee’s duties for the Company do not include strategy and market
analysis and research relating to new locations.

	•	 	Lead and participate in vision-setting and strategy sessions for global groups, functions
and business units at a sub-corporate level. The Employee will engage in sessions to review
operating activities as well as to plan long-range, vision setting and strategic planning of
these functions.

Compensation Payable by the Company for fiscal year 2010

Annual base salary of $156,960*.

Annual incentive, pursuant to the terms of the Employee’s award agreement under the Vistaprint
Performance Incentive Plan for Covered Employees:

Target (100%) of $436,000*

Minimum (0%) of $0

Maximum (250%) of $1,090,000*

Long-term cash incentive, pursuant to the terms of the Employee’s award agreement under the
Vistaprint Performance Incentive Plan for Covered Employees:

Target (4 years) of $937,500

Minimum (4 years) of $0

Maximum (4 years) of $1,734,375

Long-term equity incentive, pursuant to the terms of the Employee’s grant agreements under the
Vistaprint Amended and Restated 2005 Equity Incentive Plan:

Share options with Black Scholes value of $2,250,000

Restricted share units with value at grant of $562,500

 

			
	*	 	Approximate, based on 30-day trailing average currency exchange rate in effect at May 6, 2009

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