Exhibit 10.18
Date:
January 27, 2009
To:
Board of Directors of Favrille, Inc.
Cc: Bob
Lorsch, Chairman & CEO, MyMedicalRecords.com, Inc.
Subject: Resignation and
Post-Merger Employment Arrangement
Reference is made to that certain
Agreement and Plan of Merger and Reorganization, dated November 8,
2008 (the "Merger Agreement"), by and among Favrille, Inc., a
Delaware corporation ("Favrille"), Montana Merger Sub, Inc., a
Delaware corporation, and MyMedicalRecords.com, Inc., a Delaware
corporation. Capitalized terms not otherwise defined herein shall
have the meanings ascribed to such terms in the Merger
Agreement.
Immediately prior to the Closing
of the Merger, at your request, I will resign as Chief Financial
Officer and Secretary of Favrille. As we discussed, I am willing to
continue as an employee of Favrille, as a member of the merger
transition team for an indefinite period of time under an "at will"
employment arrangement for a monthly base salary of $2,500 and
benefits plus an hourly rate of $150, a bonus equal to $93,045 and
a warrant to purcha
