<PAGE>

                                                                EXHIBIT 10.17

                             CUSEEME NETWORKS, INC.

                          EXECUTIVE RETENTION AGREEMENT

      THIS EXECUTIVE RETENTION AGREEMENT by and between CUseeMe Networks, Inc.,
a Delaware corporation (the "Company"), and Ray Cavanagh (the "Executive") is
made as of March 5, 2001 (the "Effective Date").

       WHEREAS, the Company recognizes that, as is the case with many
publicly-held corporations, the possibility of a change in control of the
Company exists and that such possibility, and the uncertainty and questions that
it may raise among key personnel, may result in the departure or distraction of
key personnel to the detriment of the Company and its stockholders, and

      WHEREAS, the board of directors of the Company (the "Board") has
determined that appropriate steps should be taken to reinforce and encourage the
employment and dedication of the Executive without distraction from the
possibility of a change in control of the Company and related events and
circumstances and on March 5, 2001, the Board agreed to provide certain
retention benefits to the Executive, subject to his acceptance of employment
with the Company.

       NOW, THEREFORE, as an inducement for and in consideration of the
Executive remaining in its employ, the Company agrees that the Executive shall
receive the severance benefits set forth in this Agreement in the event the
Executive's employment with the Company is terminated under the circumstances
described below subsequent to a Change in Control (as defined in Section 1.1).

1.   KEY DEFINITIONS.

      As used herein, the following terms shall have the following respective
meanings:

      1.1. "CHANGE IN CONTROL" means an event or occurrence set forth in any one
or more of subsections (a) through (d) below (including an event or occurrence
that constitutes a Change in Control under one of such subsections but is
specifically exempted from another such subsection):

            (a) the acquisition by an individual, entity or group (within the
                meaning of Section 13(d)(3) or 14(d)(2) of the Securities
                Exchange Act of 1934, as amended) (a "Person") of beneficial
                ownership of any capital stock of the Company if, after such
                acquisition, such Person beneficially owns (within the meaning
                of Rule 13d-3 promulgated under the Securities Exchange Act of
                1934, as amended) 30% or more of either (i) the then-outstanding
                shares of common stock of the Company (the "Outstanding Company
                Common Stock") or (ii) the combined voting power of the
                then-outstanding securities of the Company entitled to vote
                generally in the election of directors (the "Outstanding Company
                Voting Securities"); PROVIDED, HOWEVER, that the following
                acquisitions shall be excluded from this subsection (a): (1) any
                acquisition directly from the Company (excluding an acquisition
                pursuant to the exercise, conversion or exchange of any security
                exercisable for, convertible into or exchangeable for common
                stock or voting securities of the Company, unless the Person
                exercising, converting or exchanging such security acquired such
                security directly from the Company or an underwriter or agent of
                the Company), (2) any acquisition by the Company, or (3) any
                acquisition by any employee benefit plan (or related trust)
                sponsored or maintained by the Company or any corporation
                controlled by the Company;

<PAGE>

            (b) such time as the Continuing Directors do not constitute a
                majority of the Board (including, if applicable, the board of
                directors of a successor corporation to the Company), where the
                term "Continuing Director" means at any date a member of the
                Board (i) who was a member of the Board on the date of the
                execution of this Agreement or (ii) who was nominated or elected
                subsequent to such date by at least a majority of the directors
                who were Continuing Directors at the time of such nomination or
                election or whose election to the Board was recommended or
                endorsed by at least a majority of the directors who were
                Continuing Directors at the time of such nomination or election,
                PROVIDED, HOWEVER, that there shall be excluded from this clause
                (ii) any individual whose initial assumption of office occurred
                as a result of an actual or threatened election contest with
                respect to the election or removal of directors or other actual
                or threatened solicitation of proxies or consents, by or on
                behalf of a person other than the Board; or

            (c) the consummation of a merger, consolidation, reorganization,
                recapitalization or statutory share exchange involving the
                Company or a sale or other disposition of all or substantially
                all of the assets of the Company (a "Business Combination"),
                unless, immediately following such Business Combination, each of
                the following two conditions is satisfied: (i) all or
                substantially all of the individuals and entities who were the
                beneficial owners of the Outstanding Company Common Stock and
                Outstanding Company Voting Securities immediately prior to such
                Business Combination beneficially own, directly or indirectly,
                more than 50% of the then-outstanding shares of common stock and
                the combined voting power of the then-outstanding securities
                entitled to vote generally in the election of directors,
                respectively, of the resulting or acquiring corporation in such
                Business Combination (which shall include a corporation that as
                a result of such transaction owns the Company or substantially
                all of the Company's assets either directly or through one or
                more subsidiaries) (such resulting or acquiring corporation is
                referred to herein as the "Acquiring Corporation") in
                substantially the same proportions as their ownership,
                immediately prior to such Business Combination, of the
                Outstanding Company Common Stock and Outstanding Company Voting
                Securities, respectively; and (ii) no Person (excluding the
                Acquiring Corporation or any employee benefit plan (or related
                trust) maintained or sponsored by the Company or by the
                Acquiring Corporation) beneficially owns, directly or
                indirectly, 30% or more of the then-outstanding shares of common
                stock of the Acquiring Corporation, or of the combined voting
                power of the then-outstanding securities of such corporation
                entitled to vote generally in the election of directors (except
                to the extent that such ownership existed prior to the Business
                Combination).

      1.2. "CHANGE IN CONTROL DATE" means the first date during the Term (as
defined in Section 2) on which a Change in Control occurs. Anything in this
Agreement to the contrary notwithstanding, if (a) a Change in Control occurs,
(b) the Executive's employment with the Company is terminated prior to the date
on which the Change in Control occurs, and (c) it is reasonably demonstrated by
the Executive that such termination of employment (i) was at the request of a
third party who has taken steps reasonably calculated to effect a Change in
Control or (ii) otherwise arose in connection with or in anticipation of a
Change in Control, then for all purposes of this Agreement the "Change in
Control Date" shall mean the date immediately prior to the date of such
termination of employment.

      1.3.  "CAUSE" means:

            (a) the Executive's willful and continued failure to substantially
                perform his reasonable assigned duties as an officer of the
                Company (other than any such failure resulting from incapacity
                due to physical or mental illness or any failure after the
                Executive gives notice

                                      -2-

<PAGE>

                of termination for Good Reason), which failure is not cured
                within 30 days after a written demand for substantial
                performance is received by the Executive from the Board that
                specifically identifies the manner in which the Board believes
                the Executive has not substantially performed the Executive's
                duties; or

            (b) the Executive's willful engagement in illegal conduct or gross
                misconduct that is materially and demonstrably injurious to the
                Company.

For purposes of this Section 1.3, no act or failure to act by the Executive
shall be considered "willful" unless it is done, or omitted to be done, in bad
faith and without reasonable belief that the Executive's action or omission was
in the best interests of the Company.

      1.4. "GOOD REASON" means the occurrence, without the Executive's written
consent, of any of the events or circumstances set forth in clauses (a) through
(d) below. Notwithstanding the occurrence of any such event or circumstance,
such occurrence shall not be deemed to constitute Good Reason if, prior to the
Date of Termination specified in the Notice of Termination (each as defined in
Section 3.2(a)) given by the Executive in respect thereof, such event or
circumstance has been fully corrected and the Executive has been reasonably
compensated for any losses or damages resulting there from (PROVIDED that such
right of correction by the Company shall only apply to the first Notice of
Termination for Good Reason given by the Executive):

            (a) a reduction in the Executive's annual base salary as in effect
                immediately prior to the earliest to occur of (i) the Change in
                Control Date, (ii) the date of the execution by the Company of
                the initial written agreement or instrument providing for the
                Change in Control and (iii) the date of the adoption by the
                Board of a resolution providing for the Change in Control (with
                the earliest to occur of such dates referred to herein as the
                "Measurement Date");

            (b) the failure by the Company to (i) continue in effect any
                material compensation or benefit plan or program (including any
                life insurance, medical, health and accident or disability plan
                and any vacation program or policy) (a "Benefit Plan") in which
                the Executive participates or that is applicable to the
                Executive immediately prior to the Measurement Date, unless an
                equitable arrangement (embodied in an ongoing substitute or
                alternative plan) has been made with respect to such plan or
                program, (ii) continue the Executive's participation therein (or
                in such substitute or alternative plan) on a basis not
                materially less favorable, both in terms of the amount of
                benefits provided and the level of the Executive's participation
                relative to other participants, than the basis existing
                immediately prior to the Measurement Date or (iii) award cash
                bonuses to the Executive in amounts and in a manner
                substantially consistent with past practice in light of the
                Company's financial performance;

            (c) the failure of the Company to obtain the agreement, in a form
                reasonably satisfactory to the Executive, from any successor to
                the Company to assume and agree to perform this Agreement, as
                required by Section 6.1; or

            (d) any failure of the Company to pay or provide to the Executive
                any portion of the Executive's compensation or benefits due
                under any Benefit Plan within seven days of the date such
                compensation or benefits are due, or any material breach by the
                Company of any employment agreement with the Executive.

The Executive's right to terminate his employment for Good Reason shall not be
affected by his incapacity due to physical or mental illness.

                                      -3-
<PAGE>

2.   TERM OF AGREEMENT.

      This Agreement, and all rights and obligations of the parties hereunder,
shall take effect upon the Effective Date and shall expire upon (a) the
expiration of the Term (as defined below) if a Change in Control has not
occurred during the Term, (b) the date 12 months after the Change in Control
Date, if the Executive is still employed by the Company as of such date, or (c)
the fulfillment by the Company of all of its obligations under Sections 4 and
5.2 if a Change in Control has occurred during the Term. "Term" shall mean the
period commencing as of the Effective Date and continuing in effect through
March 31, 2004; PROVIDED, HOWEVER, that commencing on April 1, 2004 and each
April 1 thereafter, the Term shall be automatically extended for one additional
year unless, not later than 180 days prior to the scheduled expiration of the
Term (or any extension thereof), the Company shall have given the Executive
written notice that the Term will not be extended.

3.   EMPLOYMENT STATUS; TERMINATION FOLLOWING CHANGE IN CONTROL.

      3.1. NOT AN EMPLOYMENT CONTRACT. The Executive acknowledges that this
Agreement does not constitute a contract of employment or impose on the Company
any obligation to retain the Executive as an employee. The Company acknowledges
that this Agreement does not prevent the Executive from terminating employment
at any time. If the Executive's employment with the Company terminates for any
reason and subsequently a Change in Control shall occur, the Executive shall not
be entitled to any benefits hereunder except as otherwise provided pursuant to
Section 1.2.

      3.2.  TERMINATION OF EMPLOYMENT.

            (a) If the Change in Control Date occurs during the Term, any
      termination of the Executive's employment by the Company or by the
      Executive within 12 months following the Change in Control Date (other
      than due to the death of the Executive) shall be communicated by a written
      notice to the other party hereto (the "Notice of Termination"), given in
      accordance with Section 6.1. Any Notice of Termination shall: (i) indicate
      the specific termination provision (if any) of this Agreement relied upon
      by the party giving such notice; (ii) to the extent applicable, set forth
      in reasonable detail the facts and circumstances claimed to provide a
      basis for termination of the Executive's employment under the provision so
      indicated; and (iii) specify the Date of Termination (as defined below).
      The effective date of an employment termination (the "Date of
      Termination") shall be the close of business on the date specified in the
      Notice of Termination (which date may not be less than 15 days or more
      than 120 days after the date of delivery of such Notice of Termination),
      in the case of a termination other than one due to the Executive's death,
      or the date of the Executive's death, as the case may be.

            (b) The failure by the Executive or the Company to set forth in the
      Notice of Termination any fact or circumstance that contributes to a
      showing of Good Reason or Cause shall not waive any right of the Executive
      or the Company, respectively, hereunder or preclude the Executive or the
      Company, respectively, from asserting any such fact or circumstance in
      enforcing any right of the Executive or the Company, respectively,
      hereunder.

            (c) Any Notice of Termination for Cause given by the Company must be
      given within 90 days of the occurrence of the event(s) or circumstance(s)
      that constitute(s) Cause. Prior to any Notice of Termination for Cause
      being given (and prior to any termination for Cause being effective), the
      Executive shall be entitled to a hearing before the Board at which he may,
      at his election, be represented by counsel and at which he shall have a
      reasonable opportunity to be heard. Such hearing shall be held on not less
      than 15 days' prior written notice to the Executive stating the Board's
      intention to terminate the Executive for Cause and stating in detail the
      particular event(s) or circumstance(s) that the Board believes constitutes
      Cause for termination.

                                      -4-
<PAGE>

            (d) Any Notice of Termination for Good Reason given by the Executive
      must be given within 90 days of the occurrence of the event(s) or
      circumstance(s) that constitute(s) Good Reason.

4.   BENEFITS TO EXECUTIVE.

     4.1. ACCELERATION OF OPTIONS.

         If the Change in Control Date occurs during the Term, then, effective
upon the Change in Control Date, a) the vesting of each option to purchase
shares of Common Stock of the Company held by the Executive as of the Change in
Control Date shall accelerate automatically by one year, without further action
on behalf of the Company, such that the number of shares vested thereunder shall
equal the number of shares that (with the passage of time) would have been
vested as of the first anniversary of the Change in Control Date and (b)
notwithstanding any provision in any applicable option agreement to the
contrary, each such option shall continue to be exercisable by the Executive (to
the extent such option was exercisable on the Date of Termination) for a period
of six months following the Date of Termination. Notwithstanding the foregoing
provisions of this Section 4(1), if the Change in Control is intended to be
accounted for as a "pooling of interests" for financial accounting purposes, and
if any change or changes to be effected by clause (a) or (b) of the preceding
sentence would preclude accounting for the Change in Control as a "pooling of
interests" for financial accounting purposes, then such change or changes shall
not occur upon the Change in Control.

     4.2. SEVERANCE  PAYMENT.

         If the Change in Control Date occurs during the Term and the
Executive's employment with the Company terminates within 12 months following
the Change in Control Date, the Executive shall be entitled to the following
benefits:

            (a) If the Executive's employment with the Company is terminated by
      the Company (other than for Cause, Disability or Death) or by the
      Executive for Good Reason following the Change in Control Date, then the
      Executive shall be entitled to the following benefits:

                  (i)   the Company shall pay to the Executive in a lump sum in
                        cash within 30 days after the Date of  Termination  the
                        aggregate of the following amounts:

                        (A) the sum of (1) the Executive's base salary through
                            the Date of Termination, (2) the product of (x) the
                            annual bonus paid or payable (including any bonus or
                            portion thereof which has been earned but deferred)
                            for the most recently completed fiscal year and (y)
                            a fraction, the numerator of which is the number of
                            days in the current fiscal year through the Date of
                            Termination, and the denominator of which is 365,
                            and (3) the amount of any compensation previously
                            deferred by the Executive (together with any accrued
                            interest or earnings thereon) and any accrued
                            vacation pay, in each case to the extent not
                            previously paid (the sum of the amounts described in
                            clauses (1), (2) and (3) being referred to as the
                            "Accrued Obligations"); and

                        (B) the Executive's highest annual base salary during
                            the five-year period prior to the Change in Control
                            Date;

                  (ii)  for one year after the Date of Termination, or such
                        longer period as may be provided by the terms of the
                        appropriate plan, program, practice or policy, the
                        Company shall continue to provide benefits to the
                        Executive and the Executive's family at least equal to
                        those which would have been provided to them if the
                        Executive's employment had not been terminated, in
                        accordance with the applicable Benefit Plans in effect
                        on the Measurement Date or, if more favorable to the

                                      -5-
<PAGE>

                        Executive and his family, in effect generally at any
                        time thereafter with respect to other peer executives of
                        the Company and its affiliated companies; PROVIDED that
                        if the Executive becomes re-employed with another
                        employer and is eligible to receive a particular type of
                        benefits (E.G., health insurance benefits) from such
                        employer on terms at least as favorable to the Executive
                        and his family as those being provided by the Company,
                        then the Company shall no longer be required to provide
                        those particular benefits to the Executive and his
                        family;

                  (iii) to the extent not previously paid or provided, the
                        Company shall timely pay or provide to the Executive any
                        other amounts or benefits required to be paid or
                        provided or which the Executive is eligible to receive
                        following the Executive's termination of employment
                        under any plan, program, policy, practice, contract or
                        agreement of the Company and its affiliated companies
                        (such other amounts and benefits being referred to as
                        the "Other Benefits"); and

                  (iv)  for purposes of determining eligibility (but not the
                        time of commencement of benefits) of the Executive for
                        retiree benefits to which the Executive is entitled, the
                        Executive shall be considered to have remained employed
                        by the Company until one year after the Date of
                        Termination.

            (b) If the Executive voluntarily terminates his employment with the
      Company following the Change in Control Date, excluding a termination for
      Good Reason, or if the Executive's employment with the Company is
      terminated by reason of the Executive's death or Disability following the
      Change in Control Date, then the Company shall (i) pay the Executive (or
      his estate, if applicable), the Accrued Obligations in a lump sum in cash
      within 30 days after the Date of Termination and (ii) timely pay or
      provide to the Executive the Other Benefits.

            (c) If the Company terminates the Executive's employment with the
      Company for Cause following the Change in Control Date, then the Company
      shall (i) pay the Executive, in a lump sum in cash within 30 days after
      the Date of Termination, the sum of (A) the Executive's annual base salary
      through the Date of Termination and (B) the amount of any compensation
      previously deferred by the Executive, in each case to the extent not
      previously paid, and (ii) timely pay or provide to the Executive the Other
      Benefits.

      4.3.  TAXES.

            (a) Notwithstanding any other provision of this Agreement, in the
      event that the Company undergoes a Change in Ownership or Control (as
      defined below), the Company shall not be obligated to provide to the
      Executive a portion of any "Contingent Compensation Payments" (as defined
      below) that the Executive would otherwise be entitled to receive to the
      extent necessary to eliminate any "excess parachute payments" (as defined
      in Section 280G(b)(1) of the Internal Revenue Code of 1986, as amended
      (the "Code")) for the Executive. For purposes of this Section 4.3, the
      Contingent Compensation Payments so eliminated shall be referred to as the
      "Eliminated Payments" and the aggregate amount (determined in accordance
      with applicable Treasury Regulations) of the Contingent Compensation
      Payments so eliminated shall be referred to as the "Eliminated Amount."

            (b) For purposes of this Section 4.3, the following terms shall have
      the following respective meanings:

                  (i)   "Change in Ownership or Control" shall mean a change in
                        the ownership or effective control of the Company or in
                        the ownership of a substantial portion of the

                                      -6-
<PAGE>

                        assets of the Company determined in accordance with
                        Section 280G(b)(2) of the Code; and

                  (ii)  "Contingent Compensation Payment" shall mean any payment
                        (or benefit) in the nature of compensation that is made
                        or made available (under this Agreement or otherwise) to
                        a "disqualified individual" (as defined in Section
                        280G(c) of the Code) and that is contingent (within the
                        meaning of Section 280G(b)(2)(A)(i) of the Code) on a
                        Change in Ownership or Control of the Company.

            (c) Any payments or other benefits otherwise due to the Executive
      following a Change in Ownership or Control that could reasonably be
      characterized (as determined by the Company) as Contingent Compensation
      Payments shall not be made until the determination, pursuant to this
      Section 4.3(c), of which Contingent Compensation Payments shall be treated
      as Eliminated Payments. Within 30 days after each date on which the
      Executive first becomes entitled to receive (whether or not then due) a
      Contingent Compensation Payment relating to such Change in Ownership or
      Control, the Company shall determine and notify the Executive (with
      reasonable detail regarding the basis for its determinations) (i) which of
      such payments and benefits constitute Contingent Compensation Payments and
      (ii) the Eliminated Amount. Within 30 days after delivery of such notice
      to the Executive, the Executive shall notify the Company which Contingent
      Compensation Payments, or portions thereof (the aggregate amount of which,
      determined in accordance with applicable Treasury Regulations, shall be
      equal to the Eliminated Amount), shall be treated as Eliminated Payments.
      In the event that the Executive fails to notify the Company pursuant to
      the preceding sentence on or before the required date, the Contingent
      Compensation Payments (or portions thereof) that shall be treated as
      Eliminated Payments shall be determined by the Company in its absolute
      discretion. In no event shall the Company be liable to the Executive as a
      result of any factual or legal determination made by it pursuant to this
      subsection (c) or for any information supplied by it to the Executive or
      his advisors.

            (d) The provisions of this Section 4.3 are intended to apply to any
      and all payments or benefits available to the Executive under this
      Agreement or any other agreement or plan of the Company under which the
      Executive receives Contingent Compensation Payments.

      4.4. MITIGATION. The Executive shall not be required to mitigate the
amount of any payment or benefits provided for in this Section 4 by seeking
other employment or otherwise. Further, except as provided in Section
4.2(a)(ii), the amount of any payment or benefits provided for in this Section 4
shall not be reduced by any compensation earned by the Executive as a result of
employment by another employer, by retirement benefits, by offset against any
amount claimed to be owed by the Executive to the Company or otherwise.

5.   DISPUTES.

      All claims by the Executive for benefits under this Agreement shall be
directed to and determined by the Board and shall be in writing. Any denial by
the Board of a claim for benefits under this Agreement shall be delivered to the
Executive in writing and shall set forth the specific reasons for the denial and
the specific provisions of this Agreement relied upon. The Board shall afford a
reasonable opportunity to the Executive for a review of the decision denying a
claim.

6.   SUCCESSORS.

      6.1. SUCCESSOR TO COMPANY. The Company shall require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all or substantially all of the business or assets of the Company expressly to
assume and agree to perform this Agreement to the same extent that the Company

                                      -7-
<PAGE>

would be required to perform it if no such succession had taken place. Failure
of the Company to obtain an assumption of this Agreement at or prior to the
effectiveness of any succession shall be a breach of this Agreement and shall
constitute Good Reason if the Executive elects to terminate employment, except
that for purposes of implementing the foregoing, the date on which any such
succession becomes effective shall be deemed the Date of Termination. As used in
this Agreement, "Company" shall mean the Company as defined above and any
successor to its business or assets as aforesaid which assumes and agrees to
perform this Agreement, by operation of law or otherwise.

      6.2. SUCCESSOR TO EXECUTIVE. This Agreement shall inure to the benefit of
and be enforceable by the Executive's personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees.

7.   MISCELLANEOUS.

      7.1. NOTICE. All notices, instructions and other communications given
hereunder or in connection herewith shall be in writing. Any such notice,
instruction or communication shall be sent either (a) by registered or certified
mail, return receipt requested, postage prepaid, or (b) prepaid via a reputable
nationwide overnight courier service, in each case addressed to the Company at
542 Amherst Street, Nashua, New Hampshire 03063, and to the Executive at 1 Emery
Drive Atkinson, NH 03811 (or to such other address as either the Company or the
Executive may have furnished to the other in writing in accordance herewith).
Any such notice, instruction or communication shall be deemed to have been
delivered five business days after it is sent by registered or certified mail,
return receipt requested, postage prepaid, or one business day after it is sent
via a reputable nationwide overnight courier service. Either party may give any
notice, instruction or other communication hereunder using any other means, but
no such notice, instruction or other communication shall be deemed to have been
duly delivered unless and until it actually is received by the party for whom it
is intended.

      7.2. SETTLEMENT OF DISPUTES. All claims by the Executive for benefits
under this Agreement shall be directed to and determined by the Board and shall
be in writing. Any denial by the Board of a claim for benefits under this
Agreement shall be delivered to the Executive in writing and shall set forth the
specific reasons for the denial and the specific provisions of this Agreement
relied upon. The Board shall afford a reasonable opportunity to the Executive
for a review of the decision denying a claim.

      7.3. SEVERABILITY. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

      7.4. GOVERNING LAW. The validity, interpretation, construction and
performance of this Agreement shall be governed by the internal laws of the
State of New Hampshire, without regard to conflicts of law principles.

      7.5. WAIVERS. No waiver by the Executive at any time of any breach of, or
compliance with, any provision of this Agreement to be performed by the Company
shall be deemed a waiver of that or any other provision at any subsequent time.

      7.6. COUNTERPARTS. This Agreement may be executed in counterparts, each of
which shall be deemed to be an original but both of which together shall
constitute one and the same instrument.

      7.7. AMENDMENTS. This Agreement may be amended or modified only by a
written instrument executed by both the Company and the Executive.

                                      -8-
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first set forth above.

                                      CUSEEME NETWORKS, INC.


                                      By: /s/ Killko Caballero
                                      President and Chief Executive Officer

                                      RAY CAVANAGH

                                      /s/ Ray Cavanagh