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                                                                  EXHIBIT 10.24

                    STOCK RECONCILIATION SETTLEMENT AGREEMENT


This Stock Reconciliation Settlement Agreement is entered into between eSat,
Inc. ("ESAT") and Corporate Financial Enterprises, Ltd., ("CFE"), individually
and on behalf of its clients, Monfort Investissements, Ltd., Eurorisk
Management, Donna Properties, Ltd., Venture Holdings, Ltd. and Commonwealth
Ventures, Ltd. ("CLIENTS").

                                    RECITALS

CFE facilitated the raising of working capital on behalf of eSat, Inc. through
the sale of ESAT securities pursuant to Rule 506.

The shares were purchased by the above named clients and others through the
efforts of CFE. The CLIENTS received share certificates evidencing said
purchase.

A dispute has arisen as to the nature of the shares initially sold, specifically
whether or not said shares were sold pursuant to Regulation `D' Rule 506 and
whether or not said shares were paid for in full.

The parties hereby agree and acknowledge that 1,186,938 shares were issued for
which the company indicates that there is no evidence of payment. The company
indicates that there may be additional shares for which no evidence of payment
has been found. All of the above name CLIENTS contend that all of the shares
issued have been fully paid for, specifically Monfort Investissements, Ltd. with
the payment of $750,000, which the company acknowledges was received on February
24, 1999, in exchange for 546,317 shares as evidenced by certificate #5693
issued January 14, 1999.

Execution hereon shall result in a settlement of all matters relating to the
issuance of shares and shall serve as a full and complete settlement among all
parties and that none of the above named parties shall have any claims against
the other for any claims now and for all time, or for any additional claims for
shares, for which the company alleges have not been paid.

In order to resolve for all time, all of the differences among all of the above
named parties, the parties do hereby agree as follows:

                                   SETTLEMENT

1.      ESAT and CFE agree that the Consulting Agreement entered into on
        September 17, 1998 shall be cancelled and that any and all rights of CFE
        to receive future fees and preferred shares pursuant to the Consulting
        Agreement shall be terminated. Notwithstanding the cancellation of the
        Consulting Agreement, it is agreed and understood that any and all fees
        and compensation, earned to date by CFE, have been paid by ESAT and that
        all warrants issued to CFE pursuant to section 5(b) of the agreement
        shall remain in full force and


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        effect. CFE shall have the right to exercise such warrants as per the
        terms of the agreement. If for any reason NASDAQ requires the preferred
        shares to be placed into a voting trust, then CFE agrees to comply
        forthwith.

2.      CFE and its CLIENTS shall pay $558,510 to ESAT.

3.      All shares previously issued by ESAT shall be permitted to be
        transferred in accordance with Rule 144, specifically certificate #5693
        in the name of Monfort Investissements, Ltd. in the amount of 546,317
        shares, as referenced above, which shares are deemed to have been fully
        paid for.

4.      CFE agrees to indemnify and hold harmless ESAT against any claims that
        may arise in favor of any of the above named CLIENTS against ESAT.

5.      ESAT agrees to hold harmless CFE and its CLIENTS for any of the issues,
        which are the subject of this agreement as well as to any and all claims
        from third parties relating to the issuance and payment of shares, which
        third parties may not be parties to this transaction.

6.      ESAT agrees and represents that any and all shares purchased by or
        through the efforts of CFE on behalf of its clients, whether or not
        party to this agreement, are deemed to be fully paid and non-assessable
        and shall be permitted to transfer in accordance with Rule 144.

If for any reason it becomes necessary to enforce any portion of this agreement
through the courts, then the prevailing party will be entitled to recover
reasonable attorney fees and costs.

Agreed and accepted this 28th day of March, 2000.

ESAT, INC.                                  CORPORATE FINANCIAL ENTERPRISES



By: /s/ Michael Palmer                      By: /s/ Regis Possino
   ------------------------------              ---------------------------------
   Michael Palmer                              Regis Possino


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