Document:

Exhibit 4.1  

	 	 	COMMON STOCK	 	 	 	COMMON STOCK	 	 
	NUMBER	 	 	 	 	 	 	 	SHARES
	C	 	 	 	 	 	 	 	 
	 	 	[Favrille, Inc. Logo]	 	 
	 	 	 	 	 	 	CUSIP 312088 40 4	 	 
	

 	
 	
THIS CERTIFICATE IS TRANSFERABLE IN NEW YORK, NEW YORK	
 	

 	
 	

SEE REVERSE FOR CERTAIN DEFINITIONS	
 	

 
	 	 	Favrille, Inc.	 	 
	 	 	INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE	 	 
	

 	
 	

THIS CERTIFIES THAT             	
 	

 	
 	

 	
 	

 
	

    	
 	

 	
 	

 	
 	

 	
 	

 
	

 	
 	

is the owner of             	
 	

 	
 	

 	
 	

 
	

 	
 	
FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK OF THE PAR VALUE OF $0.001 EACH PER SHARE OF	
 	

 
	

 	
 	
FAVRILLE, INC. transferable on the books of the Corporation by the holder hereof, in person, or by duly authorized attorney, upon surrender of this certificate properly endorsed. This certificate and the shares
represented hereby are issued and shall be subject to the provisions of the laws of the State of Delaware and to all of the provisions of the Certificate of Incorporation and the Bylaws of the Corporation, as amended from time to time, to all of
which the holder hereof by acceptance of this certificate assents. This certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar.	
 	

 
	

 	
 	
        WITNESS the facsimile seal of the Corporation and facsimile signatures of its authorized officers.	
 	

 
	

 	
 	

Dated:             	
 	

 	
 	

 	
 	

 
	

 	
 	

 	
 	

COUNTERSIGNED AND REGISTERED:	
 	

 
	 	 	 	 	AMERICAN STOCK TRANSFER & TRUST COMPANY
	 	 	 	 	 	 	TRANSFER AGENT	 	 
	 	 	 	 	 	 	AND REGISTRAR	 	 
	 	 	 	 	 	 	By	 	 
	[SEAL]
	

 	
 	

 	
 	

 	
 	

 	
 	

 
	 	 	SECRETARY	 	PRESIDENT	 	AUTHORIZED SIGNATURE

	 	 

Favrille, Inc.  

        The Corporation is authorized to issue shares of more than one class and to issue shares of preferred stock in series. The Certificate of
Incorporation on file with the Secretary of State of Delaware has denied the preemptive right of shareholders to acquire unissued or
treasury shares, and further set forth all of the designations, preferences, limitations and relative rights of the shares of each class authorized to be issued, the variations in the relative rights
and preferences of the shares of each series to the extent they have been fixed and determined, and the authority of the board of directors to fix and determine the relative rights and preferences of
subsequent series. The Corporation will furnish a copy of such Certificate of Incorporation or its Bylaws to the record holder of this certificate without charge on written request to the Corporation
at its principal place of business or registered office. 

        The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or
regulations: 

	TEN COM	—	 	as tenants in common	 	 	 	UNIF GIFT MIN ACT	  —	 	
	 	Custodian	 	

	TEN ENT	—	 	as tenants by the entireties	 	 	 	 	 	 	(Cust)	 	 	 	(Minor)
	JT TEN	—	 	as joint tenants with right of survivorship and not as tenants in common	 	 	 	 	 	 	Under Uniform Gifts to Minors Act

    
 (State)

Additional abbreviations may also be used though not in the above list. 

        For
Value Received,
                                         
                                          
                                          
                              hereby sell, assign and transfer unto
 

	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
    
	 	 	 	 	 
	

    
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)
	    

	

    

	

    
	

Shares
	of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
	    
	 	Attorney
	to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

	

Dated	
 	

    
	
 	

 
	

 	
 	
X	
 	

    

	 	 	 	 	(SIGNATURE)
	 	 	NOTICE:	 	 
	 	 	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.	 	 
	 	 	X	 	    

	 	 	 	 	(SIGNATURE)

	

 	
 	

    
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.
	

 	
 	

SIGNATURE(S) GUARANTEED BY:QuickLinks
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Exhibit 4.16. 

 
 

Share Purchase Agreement
  (hereafter the "Agreement")    

Entered
into on 20 June, 2003 by
 Matav Rt.

(1013 Budapest, Krisztina krt. 55., Hungary)

reg.no.: 01-10-041928, Budapest, Hungary,

(further referred to as: Buyer) 

and

SEEF Holdings Limited

(c/o SFM, 888 Seventh Avenue, New York, NY10106, USA,

reg.no.: CR-105509, Cayman Island

(further referred to as: Seller)

the Seller and the Buyer together shall be referred to as: Parties 

1.     Subject matter:  

        The Seller agrees to sell to the Buyer and the Buyer agrees to purchase from the Seller 2.077.311 (two-million seventy-seven thousand three-hundred
and eleven) ordinary shares in Stonebridge AD (further referred to as: Shares). 

2.     Price:  

        In consideration for the purchase of the Shares the Buyer shall pay EUR 20.944.832,- (twenty-million nine-hundred and forty four thousand
eight-hundred and thirty-two Euros, hereinafter the "Price") to the Seller. 

3.     Settlement:  

        Settlement for the Shares shall take place in Macedonia, in accordance with the laws of Macedonia on or about 27th June, 2003 via applying the
delivery versus payment principle, i.e. the delivery of the Shares by the Seller to the Buyer in exchange for the simultaneous payment by the Buyer to the Seller of the Price. The Parties will settle
the transaction through their appointed agents, as follows: 

	Broker:	 	KB Broker	 	 
	Bank:	 	Komercijalna Banka a.d. Skopje	 	 

        The
Parties will enter into various settlement agreements with the above agents for the purpose of settling the purchase of the Shares in the forms appended to this Agreement. 

4.     Costs of the Share Purchase:  

        All costs incurred by any of the Parties with regard to the settlement of the Shares provided for by the present Agreement shall be born equally and paid to the
other Party as it is appropriate in accordance with a 50-50 split, such settlement to occur between the Parties no later that 7 days after the delivery of the Shares against
payment.. 

5.     Warranties:  

        The Seller has full, unlimited ownership of the Shares and is without any restriction entitled to transfer such rights to the Buyer. 

        The
Seller warrants that the Shares are free of any liens, charges, encumbrances that would hinder the Buyer from obtaining full ownership of the Shares. 

6.     Dividends:  

        The Seller agrees with the Buyer that it shall not be entitled to receive dividends after the settlement of the purchase and sale of the Shares. 

7.     Relationship with the Subscription and Shareholder's Deed  

        This Agreement is entered into between the Parties for the purpose of settling that portion of the put option exercised by Seller by its notice to Purchaser dated
March 7, 2003 under the Subscription and Shareholder's Deed entered into on the 14th day of December, 2000 between the Seller and the Buyer (the "Deed"). This Agreement shall not,
with the exception of the provisions provided for in Clauses 4 and 6, replace or substitute in whole or in part or overwrite the provisions of the Deed. In particular, Section 15.4 of the Deed
shall remain in full force and effect as it relates to Sellers remaining shareholding under the Deed. 

8      Counterparts.  

        This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument 

Executed
by the representative of the Parties with full consent: 

	  

......................................	 	  

...........................................
	

Matav Rt

Buyer	
 	

SEEF Holdings Limited

Seller

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Share Purchase Agreement (hereafter the "Agreement")QuickLinks
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Exhibit 4.17. 

 
 

CALL OPTION WAIVER AGREEMENT    
    

        This Call Option Waiver Agreement ("Agreement") is made on the 10. December, 2003.

        between

        Matáv Rt., Hungarian Telecommunications Company Limited a company duly incorporated and organised under the laws of
Hungary, having its principal office at 55. Krisztina krt. Budapest, 1013, Hungary, hereinafter referred as Matáv

        and

        COSMOTELCO ADDED VALUE SERVICES S.A., a company duly incorporated and organised under the laws of Greece, having its principal office at
47. Ag. Konstantinou Str., Maroussi, Attica, Greece; hereinafter referred as COSMOTELCO

        All
capitalized terms not defined in this Agreement shall have the meaning given to it in the Agreement between Matáv Rt. and CosmoTelco on 7 February 2002. 

        WHEREAS: 

        Pursuant
to the provisions of the Subscription and Shareholders' Deed (the "Deed") relating to Stonebridge Communications AD Skopje
("Stonebridge") dated 14 December 2000 as amended by the First Supplemental Deed dated 10 January 2001, the Second Supplemental Deed dated 8 February 2001 and the Third
Supplemental Deed dated 10 May, 2001 now between Stonebridge, Telemacedonia AD Skopje, Matáv, CosmoTelco and SEEF Holdings Limited, CosmoTelco 

	•
	owns
5,078,557 pieces of shares in Stonebridge ("Shares") representing, in aggregate, 7.4464% of the total share capital of Stonebridge; in addition, pursuant to
Clause 15.5 of the Deed, and CosmoTelco was the holder of a call option (the "Option") granted by Matáv in respect of Shares
representing 21.5536% of the total issued share capital of Stonebridge.

	•
	Matáv
and CosmoTelco concluded an agreement on 7. February 2002., agreeing in a waiver of 11.5536% of CosmoTelco's call option from the whole 21.5536%
regarding the Stonebridge shares.

	•
	Matáv
and CosmoTelco extended several times the call option right for the remaining 10% of Stonebridge shares (the "Remaining
Option"). 

        Under
the terms of this Agreement the Parties wish to express their agreement in respect of the waiver by CosmoTelco to exercise its Remaining Option, and the termination of all rights
that CosmoTelco has had in respect of the Remaining Option. 

        IT
IS AGREED AS FOLLOWS: 

        1.     The
expiry date of the last extension regarding the Remaining Option was on 30. November 2003, therefore Parties agreed on 28. November 2003. on the final
and irrevocable termination of all kinds of call option possibility (the "Option Termination") regarding the Stonebridge shares. CosmoTelco hereby
irrevocably and finally waives its rights to exercise the Remaining Option before its final expiry date. In addition, CosmoTelco undertakes to procure that 

	•
	neither
Banco Comercial Portugues ("BCP") nor its wholly owned subsidiary shall exercise any rights that they might have in relation to the Remaining Option under the terms
of the Deed,

	•
	nor
DEMCO Investment and Commercial SA or any of their respective Affiliates (as such term is defined in the Deed) and in no event any other person 

        shall
raise any claims regarding the Option or the Remaining Option towards Matáv or any of its parent companies or its affiliates. Parties agree that any action by
CosmoTelco, BCP or DEMCO Investment and Commercial SA and its any parent companies and its affiliates to the contrary of this 

undertaking
shall, for the purposes of this Agreement, be regarded as a breach by CosmoTelco. Breach of the undertaking by CosmoTelco, BCP or DEMCO Investment and Commercial SA and its wholly owned
subsidiary shall immediately release Matáv from its duties under this Agreement. 

        2.     As
a further consideration of the waiver made by CosmoTelco in Clause 1 above, Matáv agrees to pay to CosmoTelco EUR 2,500,000 (two million and five
hundred thousand Euros) in one installment. This installment will be payable as soon as practicable following the signing of this Agreement, within forty-five calendar days from the date
of this Agreement. Payment shall made in immediately available funds, in Euros, by wire transfer to the account of CosmoTelco designated by it in writing for that purpose. 

        3.     Each
party hereto undertakes that, without the prior written consent of the other parties hereto, or unless it is required by law, it will not divulge to any person other
than its respective strategic owner, the objects of this Agreement or any information related to the contents of this Agreement. This undertaking of confidentiality is also binding for the parties'
respective agents, employees and advisors. 

        4.     This
Agreement shall be governed by and be construed in accordance with Hungarian law. All disputes, which may arise under or in relation to this Agreement, or the breach
thereof, shall be finally and irrevocably settled by relevant Hungarian Court. 

        IN
WITNESS WHEREOF, the Parties hereto have caused this Call Option Waiver Agreement to be duly executed as a deed on the date written above. 

EXECUTED as a DEED by Matáv Rt., HUNGARIAN TELECOMMUNICATIONS COMPANY LIMITED.

	

	
 	

 
	Elek STRAUB	 	 
	Chief Executive Officer	 	 
	

	
 	

 
	András BALOGH	 	 
	Chief Strategy and International Officer	 	 
	
EXECUTED as a DEED by COSMOTELCO ADDED VALUE SERVICES S.A.
	

	
 	

 
	Nicos STAVRIDIS	 	 
	the Chairman of the Board of Directors	 	 
	

	
 	

 
	Mihail KEFALOYANNIS	 	 
	Managing Director	 	 

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CALL OPTION WAIVER AGREEMENT

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