**Exhibit 10.3**

**FAVRILLE,INC.STOCK OPTION GRANT NOTICE**

** **

**INITIAL GRANT****(2005Non-Employee Directors’ Stock Option Plan)**

FAVRILLE, INC. (the “Company”), pursuant to its 2005 Non-EmployeeDirectors’ Stock Option Plan (the “Plan”), hereby grants to Optionholder anoption to purchase the number of shares of the Company’s Common Stock set forthbelow.  This option is subject to all ofthe terms and conditions as set forth herein and in the Stock Option Agreement,the Plan and the Notice of Exercise, all of which are attached hereto andincorporated herein in their entirety.
| Optionholder:                        |   |                                                      |   |
|--------------------------------------|--------|-----------------------------------------------------------|--------|
| Date of Grant:                       |   |                                                      |   |
| Number of Shares  Subject to Option: |   |                                                      |   |
| Exercise Price  (Per Share):         |   |                                                      |   |
| Total Exercise  Price:               |   |                                                      |   |
| Expiration Date:                     |   | The day before  the 10th anniversary of the Date of Grant |

** **
| **Type of  Grant:**     |   | Nonstatutory  Stock Option                                                                                  |
|-------------------------|--------|-------------------------------------------------------------------------------------------------------------|
| ** **              |   |                                                                                                        |
| **Exercise  Schedule**: |   | Same as Vesting  Schedule                                                                                   |
| ** **              |   |                                                                                                        |
| **Vesting  Schedule**:  |   | 1/36th of  the shares vest each month following the Date of Grant.                                          |
| ** **              |   |                                                                                                        |
| **Payment:**            |   | By one or a  combination of the following items (described in the Stock Option Agreement)  and/or the Plan: |
| ** **              |   |                                                                                                        |
|                    |   | o                                                                                                           | By cash or check |
|                    |   | o                                                                                                           | Pursuant to a  Regulation T Program if the Shares are publicly traded |
|                    |   | o                                                                                                           | By delivery of  already-owned shares if the Shares are publicly traded |
|                    |   | o                                                                                                           | Net exercise if  the Company has adopted FAS 123, as revised, and has established procedures  for net exercise at the time of such exercise |

 

**AdditionalTerms/Acknowledgements:**  The undersigned Optionholderacknowledges receipt of, and understands and agrees to, this Grant Notice, theStock Option Agreement and the Plan. Optionholder further acknowledges that as of the Date of Grant, thisGrant Notice, the Stock Option Agreement and the Plan set forth the entireunderstanding between Optionholder and the Company regarding the acquisition ofstock in the Company and supersede all prior oral and written agreements onthat subject with the exception of (i) options previously granted and deliveredto Optionholder under the Plan, and (ii) the following agreements only:
| **OTHER AGREEMENTS:** |       |
|-----------------------|------------|
| ** **            | ** ** |

 
| **FAVRILLE, INC.** | **OPTIONHOLDER:** |
|--------------------|-------------------|
|  

By:        |              |   |   |   |   |
|               | Signature         |   |   | Signature |   |
|  

Title:     |              |   |  

Date: |   |   |
|  

Date:      |              |   |   |   |   |

** **

**ATTACHMENTS**:                         Stock Option Agreement, 2005 Non-Employee Directors’Stock Option Plan and Notice of Exercise

 

 

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