EXHIBIT 10.17
TERMINATION OF STOCK PURCHASE
AND
SUBSCRIPTION AGREEMENT
Reference is made to the Stock Purchase and Subscription Agreement dated
September 3, 1996, between the undersigned (the "Agreement") and the Promissory
Note dated September 3, 1996 of Xxxxxx Lies (the "Note") attached to the
Agreement as Exhibit A. The undersigned hereby acknowledge that the transactions
contemplated in the Agreement were not consummated and that the Agreement and
the Note are each terminated and cancelled effective as of October 31, 1996.
RSI SYSTEMS, INC.
By:
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Xxxxxxx Xxxxx Xxxxxx Lies
Chairman