Document:

Exhibit 10.1

                      AGREEMENT AND PLAN OF REORGANIZATION

         This Agreement and Plan of  Reorganization  (herein,  together with all
Exhibits,  ("Agreement")  is entered in to as of October 2, 2003 by and  between
Pacific Realm,  Inc., a Delaware  corporation  ("PRI") and AeroTelesis,  Ltd., a
British Virgin Island  company  ("ATL"),  concerning  the  acquisition by PRI of
AeroTelesis  Philippines  Inc., a British Virgin Islands  company ("ATP") wholly
owned by ATL.

         This Agreement sets forth the terms and conditions  upon which ATP will
merge with and into PRI (the  "Merger"),  pursuant to an  Agreement  and Plan of
Merger (the "Merger  Agreement") in  substantially  the form attached  hereto as
Exhibit A, which provides,  among other things,  for the conversion and exchange
of all outstanding shares of ATP ("ATP Shares") into 75,000,000 shares of voting
$.001 par value common stock of PRI ("PRI Common Stock").

         In consideration of the mutual promises and covenants contained herein,
ATP and PRI agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

         As  used  in this  Agreement,  the  following  terms  (whether  used in
singular or plural forms) shall have the following meanings:

         "ATP Shareholder" shall mean ATL, the sole shareholder of ATP as of the
date of closing.

         "ATP  Shares"  shall  mean the shares of ATP  common  stock,  par value
$1.00,  to be exchanged  tax free for shares of PRI common stock to be issued to
the ATP Shareholder.

         "Closing Date" shall mean the date upon which the reorganization  shall
have occurred in accordance with the terms and conditions set forth herein.

         "Contract" means any written contract,  mortgage,  deed of trust, bond,
indenture, lease, license, note, franchise, certificate, option, warrant, right,
or other instrument,  document or agreement,  and any oral obligation,  right or
agreement.

         "Controlled  Group"  means all  trades or  businesses  (whether  or not
incorporated)  under common  control  that,  together with ATP, are treated as a
single  employer  under Section  414(b) or 414(c) of the Code or Section 4001 of
ERISA.

         "GAAP" means generally accepted accounting  principles,  as the term is
defined by the  American  Institute of Certified  Public  Accountants  under the
first standard of reporting under its generally accepted accounting standards.

         "Knowledge"  of ATP of or with  respect to any matter means that any of
the  managers of ATP has, or after due  inquiry  and  investigation  would have,
actual awareness or knowledge of such matter,  and "Knowledge" of PRI of or with
respect to any matter means that any of the executive  officers,  directors,  or
senior managers of PRI has, or after due inquiry and  investigation  would have,
actual awareness or knowledge of such matter.

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         "Legal  Requirements"  means  applicable  common  law and any  statute,
ordinance,  code or  other  law,  rule  regulation,  order,  technical  or other
standard  requirement,  judgment or  procedure  enacted,  adopted,  promulgated,
applied or followed by any governmental authority, including judgments.

         "Lien" means any security agreement, financing statement filed with any
governmental  authority,  conditional sale statement filed with any governmental
authority,  conditional  sale or other  title  retention  agreement,  any  lease
consignment  or bailment  given for  purposes of security,  any lien,  mortgage,
indenture, pledge, option, encumbrance,  adverse interest, constructive trust or
other  trust,  claim,  attachment,  exception  to or  defect  in  title or other
ownership interest (including but not limited to reservations,  rights of entry,
possibilities of reverter,  encroachments,  casement, rights of way, restrictive
covenants  leases and  licenses) of any kind,  which  otherwise  constitutes  an
interest in or claim against  property,  whether  arising  pursuant to any Legal
Requirement, Contract or otherwise.

         "Reorganization" shall mean the acquisition by PRI of the ATP Shares in
exchange for the PRI Shares as further defined herein.

         "PRI  Shares"  shall mean the  Shares of the Common  Stock of PRI to be
issued to the ATP Shareholder.

                                    ARTICLE 2
                                     MERGER

     Section 2.1 PLAN AND AGREEMENT OF REORGANIZATION.  A plan of reorganization
is hereby adopted to as follows:

                  A. Subject to the terms and conditions  hereinafter set forth,
on  the  Closing  Date,  and in the  manner  hereinafter  proved,  (i)  the  ATP
Shareholder  shall  exchange  tax free the ATP  Shares for the PRI Shares in the
amounts set forth herein; ATP shall become a wholly-owned  subsidiary of PRI and
PRI shall be the sole shareholder of ATP.

                  B. PRI, ATL and ATP, respectively,  shall take, or cause to be
taken, such action as may be necessary or appropriate in order to effectuate the
transactions  contemplated hereby. Such action shall include, but not be limited
to, the filing of Articles of Merger with the  Delaware  Secretary  of State and
British Virgin Islands  Secretary of State.  In the event that after the Closing
Date,  any further action is necessary or desirable to carry out the purposes of
this  Agreement  and to vest PRI or the ATP  Shareholder  with full title to the
securities to be exchanged hereby,  the officers and directors of PRI or the ATP
Shareholder, as the case may be, shall take all such necessary action.

         Section  2.2  EFFECTIVE  DATE  OF  THE  REORGANIZATION  FOR  ACCOUNTING
PURPOSES. The transactions contemplated by this Agreement shall be effective for
accounting purposes and for all other purposes as mutually agreed by the parties
hereto and to the extent permissible by law.

         Section 2.3 CONSIDERATION  AND BASIS OF EXCHANGE OF SHARES.  The manner
and basis of exchanging  the ATP Shares for the Common Shares of PRI shall be as
follows:

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                  A. On the Closing Date, the ATP  Shareholder  shall deliver to
PRI  certificates  aggregating  all  ATP  Shares,  or  100%  of the  issued  and
outstanding  ATP  Shares,   duly  endorsed  in  favor  of  PRI  with  signatures
guaranteed;  the ATP Shareholder,  in exchange for the ATP Shares held of record
on the Closing Date, an aggregate of 75,000,000 PRI Shares.  The ATP Shareholder
and PRI agree that the ATP Shares and the PRI Shares  exchanged  hereby shall be
"restricted securities" as that term is defined in Rule 144 under the Securities
Act of 1933, as amended (the "1933 Act") and all certificates  issued under this
Agreement  shall  bear an  appropriate  legend  to such  effect.  ATP will  have
received the necessary approval of the ATP Shareholder to this transaction.  All
parties will have received the approval of their respective  boards of directors
to enter into this transaction.

                  B. As additional consideration for the PRI Shares to be issued
to ATL, the parties  hereto agree that PRI shall have the right of first refusal
for the period of ten years to acquire  such  other  wholly-owned  subsidiaries,
representing  additional country accounts,  as ATL shall in the future desire to
sell, on such terms and  conditions  as PRI and ATL shall  mutually  agree.  PRI
shall change its name at Closing to AeroTelesis Inc.  ("AIC").  ATL shall assign
the right to use the name  "AeroTelesis" to PRI. ATL shall also assign the right
to  utilize  its  website  and  other  promotional  materials  (such as  company
profiles,   company  fliers,   and  so  on)  since  PRI  will  become  known  as
"AeroTelesis". If appropriate, ATL may change it's company name so that there is
clear distinction between the newly named AIC and ATL.

                  C. At Closing, The PRI Board of Directors will appoint members
of ATL and/or ATP to serve as  additional  directors  of PRI. The names of these
individuals will be provided by ATL upon the Closing or shortly thereafter.

                  Section 2.4 CLOSING.  Closing of this Agreement  shall be held
on or before October 2, 2003 (the "Closing Date") at the offices of ATL, or such
other place as the parties may mutually  agree.  The parties shall exchange such
other  documents and take such other actions as may be necessary or  appropriate
for completing the transactions contemplated by the Agreement.

                  Section 2.5 MECHANICS FOR CLOSING MERGER. Upon the approval of
the ATP  Shareholder,  the  executed  Articles of Merger shall be filed with the
Delaware  Secretary of State and the designated  authority in the British Virgin
Islands.  Furthermore,  ATP will notify the designated  authority in the British
Virgin Islands that its sole shareholder is PRI and not ATL.

                  Section 2.6 FURTHER ASSURANCES.  At or after Closing,  ATP, at
the  request  of PRI,  shall  promptly  execute  and  deliver,  or  cause  to be
delivered,  to PRI all such  documents  and  instruments,  in form and substance
satisfactory  to PRI,  as PRI  reasonably  may  request in order to carry out or
evidence the terms of this Agreement.

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                                    ARTICLE 3
                      REPRESENTATIONS AND WARRANTIES OF ATP

         ATP  represents  and warrants to PRI, as of the date of this  Agreement
and as of the Closing, as follows:

         Section 3.1 ORGANIZATION AND QUALIFICATION OF ATP. ATP is a corporation
duly  organized,  validly  existing and in good  standing  under the laws of the
British Virgin  Islands.  ATP has full corporate  power and authority to conduct
its  business  as now  conducted  and to own or lease and operate the assets and
property  now owned or leased or  operated by it. ATP is  qualified  to transact
business in those jurisdictions wherein its business requires such action.

         Section  3.2  AUTHORITY.  ATP has all  requisite  corporate  power  and
authority  to execute,  deliver  and  perform  this  Agreement.  The  execution,
delivery  and  performance  of this  Agreement  by ATP has been duly and validly
executed and  delivered by ATP,  and is a valid and binding  obligation  of ATP,
enforceable against ATP in accordance with its terms.

         Section 3.3 OWNERSHIP AND  SHAREHOLDERS  OF ATP. The ATP Shareholder is
the sole  shareholder of ATP, and owns all of the issued and outstanding  shares
of ATP common stock,  beneficially  and of record,  free and clear of all liens.
The ATP Shares are not subject to, or bound or affected by, any proxies,  voting
agreements,  or other  restrictions on the incidents or ownership hereof.  There
are not, and will not at Closing, be more than one shareholder of ATP.

         Section  3.4   SUBSIDIARIES.   ATP  has  one  subsidiary:   AeroTelesis
Philippines,  Inc.,  a Nevada  corporation.  At  Closing,  ATP will  assign  its
ownership in its subsidiary to PRI.

         Section 3.5 NO CONFLICTS;  REQUIRED CONSENT.  The execution,  delivery,
and  performance by ATP of this Agreement will not: (i) conflict with or violate
any  provision of the articles or  certificate  of  incorporation  of ATP;  (ii)
violate any Legal  Requirements;  (iii) result in the creation or  imposition of
any Lien against or upon the ATP  Interests  or any of the assets or  properties
owned or leased by ATP; or (iv) require any consent,  approval, or authorization
of, or filing of any certificate,  notice, application, report or other document
with, any governmental authority or other person.

         Section 3.6  LITIGATION.  There is no  litigation  pending or, to ATP's
knowledge,  threatened,  by or before  any  governmental  authority  or  private
arbitration  tribunal,  against ATP or its  operations,  except as  described in
Exhibit 3.6 attached hereto and incorporated  herein by this reference,  nor, to
ATP's knowledge, is there any basis for any such litigation.

         Section 3.7 COMPLIANCE WITH APPLICABLE LEGAL  REQUIREMENTS.  Conduct by
ATP of its  activities as currently  conducted  does not violate or infringe any
Legal Requirements currently in effect, or, to the knowledge of ATP, proposed to
become  effective;  and ATP has  received  no  notice of any  violation  by ATP,
proposed to become effective; and ATP has received no notice of any violation by
ATP of any Legal  Requirements  applicable to ATP or its activities as currently
conducted; and ATP knows of no basis for the allegation of any such violation.

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         Section 3.8 FINANCIAL  STATEMENTS.  ATP will deliver to PRI the audited
balance  sheet and  statements  of operations of ATP as of September 30, 2003 as
well as any other interim periods as determined by PRI's auditors. The financial
statements  will be prepared in  accordance  with United States GAAP and present
fairly the financial position of ATP as of the date indicated and the results of
operations  of ATP for the period ended  September  30,  2003.  The cost of said
audits and interim reviewed statements shall be borne by ATP. The parties hereto
agree  that as part of this  transaction,  PRI  must  file a Form  8-K  with the
Securities and Exchange Commission that contains audited and pro forma financial
statements  of ATP and that  failure to file this report on a timely basis could
result in the  de-listing of PRI's stock as well as the  Securities and Exchange
Commission  taking  action  against  PRI  for  its  failure.  Therefore,  in the
preparation of the audits and any interim financial  statements,  time is of the
essence.  Failure to have these  reports  ready for timely  filing is ground for
rescission of this Agreement.

         Section 3.9 LIABILITIES. ATP has no liabilities or obligations, whether
absolute,  accrued,  contingent,  or  otherwise,  that are not  reflected in the
Balance Sheet or non-delinquent obligations for ordinary and recurring expenses,
including expenses occurring in the ordinary course of business of ATP since the
date of the Balance  Sheet.  Attached  as Exhibit 3.9 is a list of all  accounts
payable of ATP.

         Section 3.10 TAX RETURNS AND  PAYMENTS.  ATP has timely paid all taxes,
including  all federal and state payroll taxes that have become due and payable,
whether or not shown on such tax returns.  ATP has filed all federal,  state and
local tax returns as the same became due.  ATP has not  received  any notice of,
nor does ATP have any  knowledge  of, any  deficiency  or assessment of proposed
knowledge of, any deficiency or assessment of proposed  deficiency or assessment
from any taxing  governmental  authority.  There are no tax audits  pending with
respect to ATP, and there are no  outstanding  agreements  or waivers by or with
respect to ATP, that extend the statutory  period of  limitations  applicable to
any federal, state, local or foreign tax returns for any period.

         Section  3.11 ABSENCE OF CERTAIN  CHANGES OR EVENTS.  Since the date of
Balance Sheet there has not occurred:

         (a) any  material  and adverse  change in the  financial  condition  or
operations of ATP;

         (b) any damage, destruction or loss to or of any of the material assets
of properties owned or leased by ATP;

         (c) the creation or attachment of any Lien against the ATP Interests;

         (d) any waiver, release, discharge, transfer, or cancellation by ATP of
any rights or claims of material value;

         (e)  any  issuance  by  ATP  of  any  securities,   or  any  merger  or
consolidation  of ATP with any other Person,  or any  acquisition  by ATP of the
business of any other Person;

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         (f) any incurrence,  assumption or guarantee by ATP of any indebtedness
or liability;

         (g) any  declaration,  setting aside or payment by ATP of any dividends
on, or any other  distribution  with respect to, any capital stock of ATP or any
repurchase, redemption, or other acquisition of any capital stock of ATP;

         (h) (A) any payment of any bonus,  profit  sharing,  pension or similar
payment or arrangement or special compensation to any employee of ATP, except in
the  ordinary  course of the  administration  of ATP, or (B) any increase in the
compensation payable to any employee of ATP; or

         (i) the entry by ATP into any Contract to do any of the foregoing.

         Section  3.12  MATERIAL ATP  CONTRACTS.  As of the date of this Plan of
Reorganization,  ATP does not have,  except as  discussed in Exhibit  3.12,  (i)
contracts  evidence or evidencing or relating to any  liabilities or obligations
of ATP,  whether  absolute,  accrued,  contingent or otherwise,  or granting any
Person a Lien or against any  properties  or assets owned or leased by ATP; (ii)
joint venture or partnership  Contracts between ATP and any other person;  (iii)
Contracts  limiting  the  freedom  of ATP to  engage  in or to  complete  in any
activity,  or to use or disclose any  information  in its  possession;  (iv) any
guarantees of indebtedness for any other entity;  and (v) any other Contracts to
which ATP is a party or by which it or the assets or properties  owned or leased
by it are bound or  affected  that are not set forth on other  Exhibits  hereto,
which in aggregate  contemplate  payments to or by ATP exceeding  $50,000 in any
twelve-month period  (collectively  herein as the "Material ATP Contract").  ATP
has  delivered  to PRI true and  complete  copies  of each of the  Material  ATP
Contracts,  including any  amendments  thereto (or, in the case or oral Material
ATP Contracts, a memorandum of such contract) and all Material ATP Contracts are
valid,  in full force and effect and  enforceable  in accordance  with its terms
against the parties  thereto other than ATP, and ATP has fulfilled  when due, or
has taken all  action  necessary  to  enable it to  fulfill  when due all of its
obligations thereunder;  (ii) there has not occurred any default (without regard
to lapse of time,  the giving  notice,  or the election of any person other then
ATP, or any combination thereof) by ATP, nor, to the knowledge of ATP, has there
occurred any default (without regard to lapse of time, the giving of notice,  or
the election of ATP, or any combination  thereof) by any other person, under any
of the Material ATP  Contracts;  and (iii)  neither ATP nor, to the knowledge of
ATP, any other person is in arrears in the  performance or  satisfaction  of its
obligation  under any of the  Material  ATP  Contracts,  and no waiver  has been
granted by any of the parties thereto.

         Section  3.13  REAL   PROPERTY.   As  of  the  date  of  this  Plan  of
Reorganization, ATP does not own any real property.

         Section 3.14 EMPLOYEES.  As of the date of this Plan of Reorganization,
ATP has no  employees.  ATL and  PRI  shall  enter  into a  separate  management
agreement  wherein PRI shall have access to ATL's and ATP's staff and  personnel
in order to operate the business of ATP.

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         Section 3.15 BOOKS AND RECORDS.  All of the books, records and accounts
of ATP are in all  material  respects  true  and  complete,  are  maintained  in
accordance with good business  practice and all applicable  Legal  Requirements,
accurately  present and reflect in all material respects all of the transactions
therein described, and are reflected accurately in the Financial Statements. ATP
has previously  delivered to PRI true and complete copies of all the minutes and
meetings  and  all  other  corporate  actions  of the  officers,  directors  and
shareholders of ATP since the date of its incorporation.

         Section 3.16 BANK ACCOUNTS.  Exhibit 3.16 sets forth all bank accounts,
brokerage accounts, and safe deposit boxes of any kind maintained by ATP and, in
each case, identifies the persons that are authorized  signatories for, or which
are authorized to have access to, each of them.

         Section 3.17 CHANGES IN CIRCUMSTANCES.  ATP has no knowledge of (i) any
current  or future  condition  or state of facts of  circumstances  which  could
reasonably  be  expected  to  result in a  material  and  adverse  change in the
financial  condition  of  operations  of ATP,  or (ii)  any  Legal  Requirements
currently in effect from which ATP currently is, or any currently proposed Legal
Requirements  from  which ATP would  be,  except by reason of any  "grandfather"
clauses of provisions  contained  therein,  but which would be applicable to PRI
following closing.

         Section 3.18 ACCURACY OF INFORMATION.  None of the written  information
and documents which have been or will be furnished by ATP or any representatives
of ATP to PRI or any  of  the  representatives  of PRI in  connection  with  the
transactions  contemplated  by this Agreement  contains or will contain,  as the
case may be, any untrue  statement of a material  fact, or omits or will omit to
state a material  fact  necessary  in order to make the  statements  therein not
misleading in light of the circumstances in which made. To the knowledge of ATP,
ATP  has  disclosed  to PRI as the  purchaser  of  ATP  Interests  all  material
information relating to ATP and its activities as currently conducted.

         Section 3.19  INVESTMENT.  The ATP  Shareholder is acquiring PRI Common
Stock for investment  purposes,  and not with a view to  distribution  or resale
thereof in violation of applicable securities Legal Requirements.

         Section 3.20 COMPLIANCE WITH ERISA. ATP does not maintain or contribute
to any Plan other than as set forth in Schedule 3.20. ATP and each member of the
Controlled  Group have fulfilled  their  obligations  under the minimum  funding
standards of ERISA and the Code with respect to each Plan and are in  compliance
in all material  respects with the applicable  provisions of ERISA and the Code,
and have not  incurred  any  liability  to the PBGC or a Plan under  Title IV of
ERISA; and no "prohibited  transaction" or "reportable event" (as such terms are
defined in ERISA) has occurred with respect to any Plan.

         Section 3.21      ENVIRONMENTAL MATTERS.

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                  (a)  ATP  has  obtained   all  permits,   licenses  and  other
authorizations  which are required under all  Environmental  Laws, except to the
extent failure to have any such permit,  license or authorization would not have
a material adverse effect on the business,  financial condition or operations of
ATP. ATP is in  compliance  with the terms and  conditions  of all such permits,
licenses  and  authorizations,   and  is  also  in  compliance  with  all  other
limitations,  restrictions,  conditions, standards, prohibitions,  requirements,
obligations,  schedules and timetables contained in any applicable Environmental
Law or in any regulation,  code,  plan,  order,  decree,  judgment,  injunction,
notice or demand letter issued,  entered,  promulgated  or approved  thereunder,
except to the extent failure to comply would not have a material  adverse effect
on the business, financial condition or operations of ATP.

                  (b) No notice, notification,  demand, request for information,
citation,  summons or order has been  issued,  no complaint  has been filed,  no
penalty  has  been  assessed  and no  investigation  or  review  is  pending  or
threatened  by any  governmental  or other  entity  with  respect to any alleged
failure  by ATP or any of its  Subsidiaries  to  have  any  permit,  license  or
authorization  required in  connection  with the conduct of its business or with
respect to any Environmental Laws, including, without limitation,  Environmental
Laws relating to the generation,  treatment storage, recycling,  transportation,
disposal or release of any Hazardous Materials.

                  (c) To the  best  of  ATP's  knowledge,  no  material  oral or
written  notification of a release of a Hazardous  Material has been filed by or
on behalf of ATP and no property now or previously owned,  leased or used by ATP
is listed or proposed  for  listing on the  National  Priorities  List under the
Comprehensive Environmental Response, Compensation and Liability Act of 1980, as
amended,  or on any  similar  state  list of sites  requiring  investigation  or
clean-up.

                  (d)  There  are no  liens  or  encumbrances  arising  under or
pursuant to any  Environmental  Laws on any of the real  property or  properties
owned, leased or used by ATP and no governmental  actions have been taken or are
in  process  which  could  subject  any of  such  properties  to such  liens  or
encumbrances  or, as a result of which ATP would be required to place any notice
or restriction  relating to the presence of Hazardous  Materials at any property
owned by it in any deed to such property.

                  (e)  Neither  ATP  nor,  to the  best  knowledge  of ATP,  any
previous owner,  tenant,  occupant or user of any property owned, leased or used
by ATP has (i) engaged in or permitted any operations or activities  upon or any
use or occupancy of such property, or any portion thereof, for the purpose of or
in any  way  involving  the  handling,  manufacture,  treatment,  storage,  use,
generation,  release, discharge, refining, dumping or disposal (whether legal or
illegal,  accidental or intentional) of any Hazardous Materials on, under, in or
about such property,  except in compliance with all Environmental  Laws, or (ii)
transported  any Hazardous  Materials to, from or across such property except in
compliance  with all  Environmental  Laws; nor to the best knowledge of ATP have
any Hazardous  Materials  migrated from other  properties upon, about or beneath
such property,  nor, to the best  knowledge of ATP, are any Hazardous  Materials
presently constructed,  deposited,  stored or otherwise located on, under, in or
about such property except in compliance with all Environmental Laws.

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         Section 3.22 FRANCHISES,  PATENTS,  COPYRIGHTS, ETC. Schedule 3.22 sets
forth an accurate  and complete  list of all  franchises,  patents,  copyrights,
trademarks, trade names, trademark registrations,  service names, service marks,
licenses, formulas and applications therefor owned by ATP or used or required by
ATP in the operation of its  business,  title to each of which is, except as set
forth in Schedule 3.22 hereto, held by ATP free and clear of all adverse claims,
liens,  security agreements,  restrictions or other encumbrances.  Except as set
forth in Schedule  3.22,  ATP owns or possesses  adequate (and will use its best
efforts to obtain as expediently as possible any  additional)  licenses or other
rights to use all patents, trademarks, trade names, service marks, trade secrets
or other  intangible  property  rights and know-how  necessary to entitle ATP to
conduct its  business as presently  being  conducted.  There is no  infringement
action,  lawsuit, claim or complaint which asserts that ATP's operations violate
or infringe the rights or the trade names, trademarks,  trademark registrations,
service  names,  service  marks or  copyrights  of others  with  respect  to any
apparatus  or method  of ATP or any  adversely  held  trademarks,  trade  names,
trademark registrations,  service names, service marks or copyrights, and ATP is
not in any way making use of any  confidential  information  or trade secrets of
any  person,  except  with the  consent of such  person.  Except as set forth in
Schedule  3.22,  ATP has  taken  reasonable  steps to  protect  its  proprietary
information (except disclosure of source codes pursuant to licensing agreements)
and is the lawful  owner of the  proprietary  information  free and clear of any
claim of any third party.  ATP's proprietary rights are adequate for the conduct
of its business  substantially as now conducted  without known conflict with any
rights of others.

         Section 3.23 NO MATERIALLY ADVERSE  CONTRACTS,  ETC. ATP is not subject
to any charter,  corporate or other legal restriction,  or any judgment, decree,
order,  rule or  regulation  that has or is  expected  in the  future  to have a
materially adverse effect on the business, assets or financial condition of ATP.
ATP is not a party to any contract or agreement that has or is expected,  in the
judgment  of  ATP's  officers,  to have any  materially  adverse  effect  on the
business of ATP.

         Section 3.24 COMPLIANCE WITH OTHER  INSTRUMENTS,  LAWS, ETC. ATP is not
in violation of any provision of its certificate of incorporation,  by-laws,  or
any  agreement or instrument to which it may be subject or by which it or any of
its properties may be bound, or any decree, order, judgment,  statute,  license,
rule or regulation,  in any of the foregoing cases in a manner that could result
in the  imposition of substantial  penalties or materially and adversely  affect
the financial condition, properties or business of ATP.

         Section  3.25 ABSENCE OF UCC  FINANCING  STATEMENTS,  ETC.  There is no
financing statement,  security agreement, chattel mortgage, real estate mortgage
or other document filed or recorded with any filing records,  registry, or other
public office,  that purports to cover,  affect or give notice of any present or
possible  future  lien on, or security  interest  in, any  Collateral  or rights
thereunder.

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         Section  3.26  CERTAIN  TRANSACTIONS.  Except as set forth in  Schedule
3.26,  none  of  the  officers,  trustees,  directors,  or  employees  of ATP is
presently a party to any transaction with ATP, including any contract, agreement
or  other  arrangement  providing  for  the  furnishing  of  services  to or by,
providing  for rental of real or  personal  property  to or from,  or  otherwise
requiring  payments to or from any officer,  trustee,  director or such employee
or, to the knowledge of ATP, any corporation, partnership, trust or other entity
in which any officer, trustee,  director, or any such employee has a substantial
interest or is an officer, director, trustee or partner.

         Section  3.27  FEES/COMMISSIONS.  Except as set forth in Schedule  3.27
hereto, ATP has not agreed to pay any finder's fee, commission,  origination fee
or  other  fee or  charge  to  any  Person  with  respect  to  the  transactions
contemplated hereunder.

         Section 3.28 OTHER REPRESENTATIONS AND WARRANTIES. All representations,
warranties,  and  covenants  made  by  ATP  and  ATL  in  connection  with  this
transaction  are true and correct in all material  respects,  and do not omit to
state a material  fact  necessary in order to make the  statements  made, in the
light of the circumstances under which they were made, not misleading.

                                    ARTICLE 4
                      REPRESENTATIONS AND WARRANTIES OF PRI

         PRI  represents  and warrants to ATP, as of the date of this  Agreement
and as of Closing, as follows:

         Section 4.1 ORGANIZATION AND QUALIFICATION OF PRI. PRI is a corporation
duly  organized,  validly  existing,  and in good standing under the laws of the
State of Delaware,  and has all requisite  corporate  power and authority to own
and lease the  properties and assets it currently owns and leases and to conduct
its activities as currently conducted. PRI is duly qualified to do business as a
foreign  corporation in all  jurisdictions  in which the ownership or leasing of
the  properties and assets owned or leased by it or the nature of its activities
makes such qualification necessary.

         Section 4.2 AUTHORITY.  PRI has all requisite corporation and authority
to execute,  deliver and perform this Agreement.  The execution,  delivery,  and
performance  of this  Agreement by PRI have been duly and validly  authorized by
all  necessary  action  on the part of PRI.  This  Agreement  has been  duly and
validly executed and delivered by PRI and is the valid and binding obligation of
PRI, enforceable against PRI in accordance with its terms.

         Section 4.3 NO CONFLICTS;  REQUIRED CONSENTS.  The execution,  delivery
and  performance  by PRI of this  Agreement  does not and will not: (i) conflict
with or violate any provisions of the articles of  certificate of  incorporation
or bylaws of PRI;  (ii) violate any  provisions  of any Legal  Requirements;  or
(iii) conflict with,  violate result in a breach of,  constitute a default under
(without regard to requirements of notice,  lapse of time, or elections of other
persons, or any combination thereof) or accelerate or permit the acceleration of
the performance  required by, and Contract or Lien to which PRI is a party or by
which  PRI or the  assets  or  properties  owned or  leased  by it are  bound or
affected;  or (iv) require any  consent,  approval or  authorization,  report or
other document with, any Governmental Authority or other person.

                                       10
<PAGE>

         Section 4.4 VALIDITY AND OWNERSHIP OF PRI COMMON STOCK.  The PRI Common
Stock  received by the ATP  Shareholder  at Closing  will be validly  issued and
outstanding,  duly paid and  nonassessable.  The PRI  Common  Stock  will not be
subject to, nor bound or affected by, any proxies,  voting agreements,  or other
restrictions on the ownership thereof.

         Section 4.5  OWNERSHIP  AND NUMBER OF SHARES OF PRI COMMON  STOCK.  The
shareholders'  list  attached  hereto as Exhibit  4.5  accurately  reflects  the
currently   issued  and  outstanding   shares  of  PRI  Common  Stock  currently
outstanding.  There are not,  and will not at  Closing,  be more than  5,474,826
outstanding shares of PRI Common Stock.

         Section  4.6  SUBSIDIARIES.  PRI does not  control  or hold  direct  or
indirect  equity  interest  in, or hold  rights to control or acquire  direct or
indirect equity interests in, any corporation.

         Section 4.7  CAPITALIZATION OF PRI. The authorized capital stock of PRI
consists of 200,000,000 duly authorized shares of common stock $.00008 per share
par value, of which 5,474,826 are validly issued and outstanding, fully paid and
nonassessable and a total of 2,000,000 shares of preferred stock authorized, par
value $.001, with no shares of preferred stock issued and outstanding. There are
no  other  authorized  or  outstanding   subscriptions,   options,   convertible
securities, warrants, calls or other rights or any kind issued or granted by, or
binding upon,  PRI to purchase or otherwise  acquire any securities of or equity
interest in PRI.

         Section 4.8  LITIGATION.  There is no  litigation  pending or, to PRI's
knowledge,  threatened,  by or before  any  governmental  authority  or  private
arbitration tribunal, against PRI or its operations, nor, to PRI's knowledge, is
there any basis for any such litigation.

         Section 4.9 LIABILITIES. Except as disclosed in Exhibit 4.9, PRI has no
liabilities or obligations,  whether absolute, accrued, contingent, or otherwise
that have not been disclosed to ATP.

         Section 4.10 TAX RETURNS AND PAYMENTS.  Except as disclosed in Schedule
4.10, PRI has filed all federal,  state,  local and foreign tax returns required
to be filed,  and has timely  paid all taxes that have  become due and  payable,
whether or not so shown on any such tax returns. PRI has not received any notice
of, nor does PRI have any knowledge of, any deficiency or assessment of proposed
knowledge of, any deficiency or assessment of proposed  deficiency or assessment
from any taxing  governmental  authority.  There are no tax audits  pending with
respect to PRI, and there are no  outstanding  agreements  or waivers by or with
respect to PRI, that extend the statutory  period of  limitations  applicable to
any federal,  state,  local or foreign tax returns for any period.  PRI makes no
representation  or warranty  concerning  whether or not its net  operating  loss
carryforwards will be available for use by ATP following this transaction.

                                       11
<PAGE>

         Section 4.11 BOOKS AND RECORDS.  All of the books, records and accounts
of PRI are in all  material  respects  true  and  complete,  are  maintained  in
accordance with good business  practice and all applicable  Legal  Requirements,
accurately  present and reflect in all material respects all of the transactions
therein described, and are reflected accurately in the Financial Statements. PRI
has  previously  delivered to ATP the complete stock record book of PRI and true
and  complete  copies of all the minutes and  meetings  and all other  corporate
actions of the  stockholders,  Board of Directors and committees of the Board of
Directors of PRI since the date of its incorporation.

         Section 4.12 ACCURACY OF INFORMATION.  None of the written  information
and documents which have been or will be furnished by PRI or any representatives
of PRI to ATP or any  of  the  representatives  of ATP in  connection  with  the
transactions  contemplated  by this Agreement  contains or will contain,  as the
case may be, any untrue  statement of a material  fact, or omits or will omit to
state a material  fact  necessary  in order to make the  statements  therein not
misleading in light of the circumstances in which made. To the knowledge of PRI,
PRI has  disclosed  to ATP as the  purchaser  of PRI common  stock all  material
information relating to PRI and its activities.

         Section  4.13  REPORTING  COMPANY.  PRI  is  subject  to  the  periodic
reporting  requirements of the Securities  Exchange Act of 1934, as amended (the
"1934 Act"),  and has a class of securities  registered  under the 1934 Act. PRI
agrees to continue to prepare and file its periodic reports under the 1934 Act.

                                    ARTICLE 5
                            COVENANTS OF ATP AND PRI

         Section 5.1  AFFIRMATIVE  COVENANTS OF ATP. Except as PRI may otherwise
consent in writing, between the date of this Agreement and Closing, ATP shall:

         (a) conduct its business only in the usual, regular and ordinary course
and in accordance with past practices;

         (b) (1) duly comply with all applicable Legal Requirements; (2) perform
all of its obligations under all ATP Contacts without default;  and (3) maintain
its books, records, and accounts on a basis consistent with past practices;

         (c) (1) give to PRI its counsel,  accountants and other representatives
reasonable  access during normal  business  hours to the premises of ATP, all of
the assets and properties  owned or leased by ATP, ATP's books and records,  and
ATP's personnel; (2) furnish to PRI and such representatives all such additional
documents (certified by an officer of ATP, if requested),  financial information
and other  information as ATP may from time to time  reasonably  request and (3)
cause ATP's accountants to permit PRI and its accountants to examine the records
and working papers  pertaining to ATP's financial  statements'  provided that no
investigation  by PRI of its  representatives  will affect or limit the scope of
any of the  representations and warranties of ATP herein or in any other related
document;

                                       12
<PAGE>

         (d) use of best  efforts to obtain in writing as  promptly  as possible
all approvals and consents required to be obtained by ATP in order to consummate
the transactions contemplated hereby and deliver to PRI copies,  satisfactory in
form and substance to PRI, of such approvals and consents;

         (e) promptly deliver to PRI true and complete copies of all monthly and
quarterly  financial  statements  of ATP and any  reports  with  respect  to the
activities  of ATP  which are  prepared  by or for ATP at any time from the date
hereof until Closing; and

         (f) promptly notify PRI of any  circumstances,  event or action, by ATP
or otherwise, (A) which, if known at the date of this Agreement, would have been
required to be disclosed in or pursuant to this Agreement, or (B) the existence,
occurrence  or taking of which would  result in any of the  representations  and
warranties of ATP in this  Agreement or in any  Transaction  Documents not being
true and correct in all material respects.

         Section 5.2  NEGATIVE  COVENANTS  OF ATP.  Except as PRI may  otherwise
consent in writing,  between the date of this  Agreement and Closing,  ATP shall
not:

         (a) change the character of its business;

         (b)  incur any  liability  or  obligation  or enter  into any  Contract
except,  in each case, in the ordinary course of business  consistent with prior
practices and not prohibited by any other provision hereof;

         (c) incur, assume or guarantee any indebtedness or liability in respect
of borrowed money;

         (d) make any capital  expenditure or commitment for capital expenditure
exceeding  $5,000 for a single  project or $10,000 for all projects,  whether or
not in the ordinary course of business, or waive, lease, discharge,  transfer or
cancel any rights or claims of material value;

         (e) modify,  terminate, or abrogate any Material ATP Contact other than
in the ordinary  course of business,  or waive,  lease,  discharge,  transfer or
cancel any rights or claims of material value;

         (f) create or permit the creation or attachment of any Lien against any
of the assets or properties owned or leased by it;

         (g) except as otherwise required by this Agreement, prepay any material
liabilities or obligations;

         (h) issue any securities, or merge or consolidate with any other person
or acquire any of the  securities,  partnership or joint venture  interests,  or
business of any other person;

                                       13
<PAGE>

         (i)  declare,  set  aside or pay any  dividends  on,  or make any other
distribution  with respect to, any of its capital stock, or repurchase,  redeem,
or otherwise acquire any of its capital stock; and

         (j) enter into any  transaction or permit the taking of any action that
would result in any of the  representations and warranties in this Agreement not
being true and correct in all material respects at Closing.

         Section 5.3  COVENANTS  OF PRI.  Except as ATP may  otherwise  agree in
writing, between the date of this Agreement and Closing, PRI shall:

         (a) use it best  efforts to obtain in writing as  promptly  as possible
all approvals and consents required to be obtained by PRI in order to consummate
the transaction  contemplated hereby and deliver to ATP copies,  satisfactory in
form and substance to ATP, of such approvals and consents;

         (b) promptly notify ATP of any circumstance, event or action, by PRI or
otherwise,  (i) which, if known at the date of this  Agreement,  would have been
required  to be  disclosed  in or  pursuant  to  this  Agreement,  or  (ii)  the
existence,   occurrence   or  taking  of  which  would  result  in  any  of  the
representations  and warranties of ATP in this  Agreement or in any  Transaction
Document not being true and correct in all material respects;

         (c) undertake all other actions  necessary to put into force and effect
this Agreement.

         Section 5.4 JOINT UNDERTAKINGS. Each of PRI and ATP shall cooperate and
exercise  commercially  reasonable efforts to facilitate the consummation of the
transactions  contemplated  by this  Agreement  so as to permit  Closing to take
place on the date provided herein and to raise the satisfaction of conditions to
Closing  set forth in Article 6. Both  parties  hereto  agree that they will use
their  best  efforts  to cause a Form 8-K to be filed  with the  Securities  and
Exchange  Commission  concerning  this  transaction  which Form 8-K will require
audited financial statements for ATP and pro forma financial information for the
companies as merger.

         Section 5.5 CONFIDENTIALITY.

         (a)  Any  non-public  information  that  PRI  may  obtain  from  ATP in
connection  with  this  Agreement,  including  but not  limited  to  information
concerning trade secrets, licenses,  research projects, costs, profits, markets,
sales,  customer lists,  strategies,  plans for future development and any other
information of a similar nature,  shall be deemed  confidential  and, unless and
until Closing shall occur,  PRI shall not disclose any such  information  to any
third party (other than its directors,  officers and employees and persons whose
knowledge   thereof  is  necessary  to  facilitate  the   consummation   of  the
transactions  contemplated  hereby) or use such  information to the detriment of
ATP; provided that (i) PRI may use and disclose any such information once it has
been publicly  disclosed  (other than by PRI in breach of its obligations  under
this  Section) or which  rightfully  has come into the  possession of PRI (other
than from ATP) and (ii) to the  extent  that PRI may  become  complied  by Legal
Requirements  to  disclose  any of  such  information,  PRI  may  disclose  such
information  if it shall  have  used all  reasonable  efforts,  and  shall  have
afforded ATP the opportunity to obtain an appropriate protective order, or other
satisfactory  assurance of confidential  treatment for the protective  order, or
other  satisfactory  assurance of  confidential  treatment,  for the information
compelling to be disclosed.  In the event of termination of this Agreement,  PRI
shall use all reasonable  efforts to cause to be delivered to ATP, and retain no
copies of, any documents,  work papers and other materials obtained by PRI or on
its behalf from ATP, whether so obtained before or after the execution hereof.

                                       14
<PAGE>

         (b)  Any  non-public  information  that  ATP  may  obtain  from  PRI in
connection  with  this  Agreement,  including  but not  limited  to  information
concerning trade secrets, licenses,  research projects, costs, profits, markets,
sales,  customer lists,  strategies,  plans for future development and any other
information of a similar nature,  shall be deemed  confidential  and, unless and
until Closing shall occur,  ATP shall not disclose any such  information  to any
third party (other than its directors, officers and employees, and persons whose
knowledge   thereof  is  necessary  to  facilitate  the   consummation   of  the
transactions  contemplated  hereby) or use such  information to the detriment of
PRI; provided that (i) ATP may use and disclose any such information once it has
been publicly  disclosed (other than by ATP in breach of obligations  under this
Section) or which  rightfully  has come into the  possession  of ATP (other than
from  PRI)  and  (ii) to the  extent  that  ATP may  become  complied  by  Legal
Requirements  to  disclose  any of  such  information,  ATP  may  disclose  such
information  if it shall  have  used all  reasonable  efforts,  and  shall  have
afforded PRI the  opportunity,  to obtain an appropriate  protective  order,  or
other  satisfactory  assurance of  confidential  treatment,  for the information
compelled to be disclosed.  In the event of termination of this  Agreement,  ATP
shall use all reasonable  efforts to cause to be delivered to PRI, and retain no
copies of, any documents,  work papers and other materials obtained by ATP or on
its behalf from PRI, whether so obtained before or after the execution hereof.

         Section 5.6  PUBLICITY.  PRI and ATP shall each consult with and obtain
the consent of the other  before  issuing any press  release or making any other
public  disclosure  concerning this Agreement or the  transactions  contemplated
hereby unless, in the reasonable  judgment of the disclosing party, a release or
disclosure is required to discharge its disclosure  obligations under applicable
legal requirements,  in which case it shall in good faith consult with the other
party about the form,  content and timing of such release or disclosure prior to
its release of disclosure.

                                    ARTICLE 6
                              CONDITIONS PRECEDENT

         Section 6.1 CONDITIONS TO ATP'S OBLIGATIONS.  The obligations of ATP to
consummate the  transactions  contemplated  by this Agreement are subject to the
following conditions:

         (a) Accuracy of  Representations.  The  representations  of PRI in this
Agreement  or in any  Transaction  Document  shall be true and  accurate  in all
material respects at and as of Closing with the same effect as if made at and as
of Closing, except as affected by the transactions contemplated hereby.

                                       15
<PAGE>

         (b) Performance of Agreements. PRI shall have performed all obligations
and agreements and complied with all covenants in this Agreement to be performed
and complied with by it at or before Closing.

         (c)  Officers'  Certificate.  ATP shall  have  received  a  certificate
executed  by an  executive  officer  of PRI,  dated  as of  Closing,  reasonably
satisfactory in form and substance to ATP certifying that the conditions  stated
in subparagraphs (a) and (b) of this Section have been satisfied.

         (d) Legal  Proceedings.  There  shall be no Legal  Requirement,  and no
judgment shall have been entered and not vacated by any  governmental  authority
of competent  jurisdiction  and no litigation  shall be pending which restrains,
makes illegal or prohibits consummation of the transactions contemplated hereby.

         (e) Consents.  ATP shall have obtained evidence,  in form and substance
satisfactory  to it, that there have been obtained all  consents,  approvals and
authorizations required by this Agreement.

         (f)  Legal  Matters   Satisfactory  to  ATP's  Counsel.   All  actions,
proceedings,  instruments and documents  required to carry out the  transactions
contemplated  by this  Agreement or incidental  thereto and all related  matters
shall be  reasonably  satisfactory  to and approved by ATP's  counsel,  and such
counsel  shall have been  furnished  with such  certified  copies of actions and
proceedings and such other instruments and documents as it shall have reasonably
requested.

         Section 6.2 CONDITIONS TO PRI'S OBLIGATIONS.  The obligations of PRI to
consummate the  transactions  contemplated  by this Agreement are subject to the
following conditions:

         (a) Accuracy of  Representations.  The  representations  of ATP in this
Agreement  or in any  Transaction  Document  shall be true and  accurate (in all
material  respects)  at and as of Closing  with the same  effect as if they were
made at and as of Closing,  except as afforded by the transactions  contemplated
hereby.

         (b) Performance of Agreements. ATP shall have performed all obligations
and  agreements  and complied  with all  covenants  in this  Agreement or in any
Transaction Document to which it is a party to be performed and complied with by
it at or before closing.

         (c)  Officers'  Certificate.  PRI shall  have  received  a  certificate
executed  by an  executive  officer  of ATP,  dated  as of  Closing,  reasonably
satisfactory in form and substance to PRI, certifying that the conditions stated
in subparagraphs (a) and (b) of this Section have been satisfied.

         (d) Legal  Proceedings.  There  shall be no Legal  Requirement,  and no
judgment shall have been entered and not created by any  governmental  authority
of competent  jurisdiction  and no litigation  shall be pending which restrains,
makes illegal or prohibits consummation of the transactions contemplated hereby.

                                       16
<PAGE>

         (e) Consents.  PRI shall have obtained evidence,  in form and substance
satisfactory  to it, that there have been obtained all  consents,  approvals and
authorizations required by this Agreement.

         (f)  Legal  Matters   Satisfactory  to  PRI's  Counsel.   All  actions,
proceedings,  instruments and documents  required to carry out the  transactions
contemplated  by this  Agreement  or  incidental  thereto and all related  legal
matters shall be reasonably  satisfactory to and approved by PRI's counsel,  and
such  counsel  shall  have been  furnished  with  such  copies  of  actions  and
proceedings and such other instruments and documents as it shall have reasonably
requested.

                                    ARTICLE 7
                                 INDEMNIFICATION

         Section  7.1  INDEMNIFICATION  BY  ATP  SHAREHOLDERS.  From  and  after
Closing,  the ATP  Shareholder  set forth in Exhibit 7, who together  with their
subsidiaries,  other corporate affiliates,  and immediate families,  are all the
shareholders  of the ATP Shares,  all jointly and  severally  indemnify and hold
harmless PRI, its officers, directors, employees, agents and representatives and
any person  claiming  by or through  any of them,  from and  against any and all
losses and related expenses arising out of or resulting from:

         (a) any  representations  and  warranties of ATP in this  Agreement not
being true and accurate when made or when required by this  Agreement to be true
and accurate; or

         (b) any failure by ATP to perform any of its  covenants,  agreements or
obligations in this Agreement.

         Section 7.2  INDEMNIFICATION  BY PRI.  From and after the Closing,  PRI
shall  indemnify  and hold harmless  ATP, its  officers,  directors,  agents and
representatives,  and any person  claiming by or through any of them as the case
my be, from and against any and all losses and related  expenses  arising out of
or resulting from:

         (a) any  representations  and  warranties of PRI in this  Agreement not
being true and accurate when made or when required by this  Agreement to be true
and accurate; or

         (b) any failure by PRI to perform any of its  covenants,  agreements or
obligations in this Agreement.

         (c) all undisclosed  abilities and obligations  relating to, or arising
out of activities of PRI during periods prior to Closing.

         Section 7.3 INDEMNIFICATION  AGAINST THIRD PARTY CLAIMS. Promptly after
receipt  entitled to  indemnification  hereunder (the  "Indemnitee")  of written
notice of the assertion of any claim or the  commencement of any Litigation with
respect to any matter referred to Sections 7.1 or 7.2, the Indemnitee shall give
written notice thereof to the party from whom indemnification is sought pursuant
hereto (the  "Indemnitor")  and thereafter shall keep the Indemnitor  reasonably
informed with respect  thereto,  may provided that failure of the  Indemnitee to
give the Indemnitor  notice as provided  herein shall not relieve the Indemnitor
of its  obligations  hereunder.  In case any  litigation is brought  against any
Indemnitee,  the  Indemnitor  shall be  entitled to  participate  in (and at the
request of the  Indemnitee  shall  assume)  the  defense  thereof  with  counsel
satisfactory to Indemnitee at the Indemnitor's  expense.  If the Indemnitor,  at
the  Indemnitee's  request,  shall  assume the defense of any  settlement  shall
include as an  unconditional  term  thereof  the giving by the  claimant  or the
plaintiff of a release of the Indemnitee,  satisfactory to the Indemnitee,  from
all liability with respect to such litigation.

                                       17
<PAGE>

         Section 7.4 TIME AND MANNER OF CERTAIN CLAIMS. The  representations and
warranties  of PRI and the ATP  Shareholder  in  this  Agreement  shall  survive
Closing; provided,  however, that neither PRI nor the ATP Shareholder shall have
any liability under Section 7.1 or 7.2, respectively, unless a claim is asserted
by the party seeking  indemnification  thereunder by written notice to the party
from whom  indemnification is sought within three years after Closing,  and such
party  commences  litigation  seeking  such  indemnification   within  180  days
following the date of such notice.

         Section  7.5  EFFECT OF DE MINIMUS  DAMAGE ON  INDEMNITY  BY  PRINCIPAL
SHAREHOLDERS. The ATP Shareholder shall have no indemnity obligations under this
Article 7 unless  aggregate  amount  payable  by it under  this  Article 7 is in
excess of $10,000.

         Section 7.6 TAX EFFECT. In calculating  amount payable to an Indemnitee
hereunder  (i) the  amount of the  indemnified  losses  shall be  reduced by the
amount of any reduction in the  Indemnitee's  liability for taxes resulting from
the facts or  occurrence  giving rise to the  indemnified  losses;  and (ii) the
amount  of the  indemnified  losses  shall be  grossed  up by the  amount of any
increase in liability  for taxes  resulting  from  indemnification  with respect
thereto.

                                    ARTICLE 8
                                   TERMINATION

         Section 8.1  TERMINATION  EVENTS.  This Agreement may be terminated and
the transactions contemplated hereby may be abandoned:

         (a) at any time, by the mutual agreement of PRI and ATP.

         (b) by  either  PRI and ATP,  if the  other is in  material  breach  or
default of its respective  covenants,  agreements or other obligations hereunder
or if any of its representations and warranties herein are not true and accurate
in all material respects when made or when otherwise  required by this Agreement
to be true and accurate.

         (c) by  either  PRI or ATP upon  written  notice to the  other,  if the
transactions  contemplated  by this Agreement are not consummated on or prior to
October 31, 2003,  for any reason other than material  breach or default by such
party of its respective representations,  warranties,  covenants,  agreements or
other obligations hereunder.

                                       18
<PAGE>

         (d) in the  event of any  Cease &  Desist  orders  or other  regulatory
impediments placed upon PRI by government authorities such as the Securities and
Exchange Commission or others.

         Section  8.2  EFFECT  OF  TERMINATION.   If  this  Agreement  shall  be
terminated, all obligations of the parties hereunder shall terminate, except for
the obligations set forth in section 5.5, 5.6 and 9.3.

                                    ARTICLE 9
                                  MISCELLANEOUS

         Section 9.1 EXPENSES. Each party shall pay its own expenses incurred as
a result of this transaction.

         Section 9.2 WAIVER AND  MODIFICATIONS.  Any of the  provisions  of this
Agreement  may be  waived  at any  time by the  party  entitled  to the  benefit
thereof,  upon the authority of the Board of Directors of such party. Any of the
provisions  of this  Agreement  (including  the  exhibits  and the  Agreement of
Merger)  may be  modified  at any time  prior to and  after  the vote of the ATP
Shareholders by agreement in writing  approved by the Board of Directors of each
party and executed in the same manner (but  necessarily  by the same persons) as
this Agreement, provided that such modification,  after the last vote of the ATP
Shareholders shall not be allowed,  if in the judgment of the Board of Directors
of ATP, it affects  materially and adversely the benefits of ATP's  Shareholders
under this  Agreement of Merger.  To the extent  permitted by law, the powers of
the Board of Directors may be delegated by the Board of the Executive  Committee
of such Board or by such Board (or by the Executive  Committee to the extent any
matter has been  delegated  to such  Committee  by the Board) to any  officer or
officers of such party, and any notices, consents or other action referred to in
this Agreement may be given or taken by any officer so authorized.

         Section  9.3  FINDER  COMMISSIONS.  PRI and  ATP  each  represents  and
warrants  that no broker or finder is entitled to any  brokerage or finder's fee
or other commission based on agreements,  arrangements or understandings made by
it with respect to the  transactions  contemplated  by this  Agreement or by the
Agreement of Merger, other than set forth in Exhibit 9.3.

         Section 9.4 NOTICES. Any notice request, instruction or other documents
to be given  hereunder  or under the  Agreement of Merger by any part to another
shall be in writing and delivered  personally or sent by registered or certified
mail, postage prepaid,

         If to PRI, addressed to:

         Pacific Realm, Inc.
         Attn: Joseph Gutierrez, President
         13428 Maxella Avenue #322
         Marina del Rey CA 90292

                                       19
<PAGE>

         if to ATP, addressed to:

         AeroTelesis Philippines
         Attn: Eric Chan, President
         Level 35 UOB Plaza 1
         80 Raffles Place
         Singapore 048624

         Section 9.5  ABANDONMENT.  At any time before the effective  Date, this
Merger  Agreement may be terminated and the merger may be abandoned by the Board
of Directors  of PRI or the Board of  Directors of ATP or both,  notwithstanding
approval of this  Agreement by the ATP  Shareholder or the PRI  Shareholders  or
both.

         Section  9.6  ENTIRE  AGREEMENT.  This  Agreement  and  Plan of  Merger
represents the entire agreement between the parties. Any and all oral or written
agreements concerning this merger shall be deemed null and void.

         Section  9.6  GOVERNING  LAW.  This  Agreement  shall be  governed  by,
construed, and enforced in accordance with the laws of the State of Delaware.

         Section  9.7  COUNTERPARTS.  In  order to  facilitate  the  filing  and
recording  of this Merger  Agreement,  the same may be executed in any number of
counterparts, each of which shall be deemed to be an original.

                  (remainder of page left blank intentionally)

                                       20
<PAGE>

         IN WITNESS  WHEREOF,  PRI and ATP, by their duly  authorized  officers,
have executed and delivered this Agreement  effective as of the date first above
written.

                                        PACIFIC REALM, INC.

                                        By:/S/ Joseph Gutierrez
                                          ----------------------------
                                          Joseph Gutierrez, President

                                        Aero-Telesis Philippines Inc.

                                        By: /S/ Eric Chan
                                          ----------------------------
                                          Eric Chan, President

                                        CONSENT OF ATP SHAREHOLDER:

                                        AeroTelesis Ltd.

                                        By: /s/ William Chan
                                          ----------------------------
                                        William Chan, President

                                       21EXHIBIT 4.1

      CONSULTING AGREEMENT DATED AUGUST 18, 2003 BETWEEN HY-TECH TECHNOLOGY
                            GROUP, INC. AND HENRY LO

         This Consulting Agreement (the "Agreement") is made as of the 18th day
of August 2003 by and between HY-Tech Technology Group, Inc., a Delaware
corporation, having its principal place of business at 1840 Boy Scout Drive,
Fort Myers, FL 33907, (the "Company") and Henry Lo, an individual, with an
address at 1840 Boy Scout Drive, Fort Myers, FL 33907 (the "Consultant").

         WHEREAS, the Company wishes to engage Consultant to advise the Company
and Consultant wishes to accept such engagement, all upon the terms and subject
to the conditions contained in this Agreement;

         NOW, THEREFORE, the parties hereto, in consideration of the mutual
consideration and promises contained herein and intending to be bound, hereby
agree as follows:

         1. APPOINTMENT. The Company hereby appoints Consultant, and Consultant
agrees to serve as, consultant to the Company, all upon the terms, and subject
to the conditions of this Agreement.

         2. TERM. The term of this Agreement shall begin on the date first set
forth above and shall continue until August 18, 2004.

         3. DUTIES OF CONSULTANT. Consultant shall advise the Company concerning
operational, financial and management matters. Consultant shall render such
advice and assistance as the Company may reasonably request of him pursuant to
such duties.

         4. COMPENSATION. In consideration of, and in full payment for, the
entering into this Agreement, and in lieu of any cash payments from the Company
to the Consultant in connection with his duties contemplated under this
Agreement, the Company hereby agrees to issue to Consultant an option to acquire
5,000,000 shares (the "Shares") of the Company's common stock, $.001 par value
per share. The option exercise price shall be $.03 per share, shall expire on
August 18, 2004, and shall be proportionally adjusted in the event of a stock
split, stock dividend or recapitalization of the Company. The Company further
agrees, that prior to issuance of the options and shares, it will file a
registration statement on Form S-8, including the Shares, with the Securities
and Exchange Commission. Consultant shall be responsible for all travel and
other related expenses incurred by Consultant in connection with the performance
of his consulting duties hereunder, unless otherwise consented to in writing in
advance by the Company.

         5. STATUS AS INDEPENDENT CONTRACTOR. The parties intend and acknowledge
that Consultant is acting as an independent contractor and not as an employee of
the Company. Consultant shall have full discretion in determining the amount of
time and activity to be devoted to rendering the services contemplated under
this Agreement and the level of compensation to Consultant is not dependent upon
any preordained time commitment or level of activity. The Company acknowledges
that Consultant shall remain free to accept other consulting engagements of a
like nature to the engagement under this Agreement. Consultant, however, hereby
undertakes to notify the Company in writing of any engagement undertaken by
Consultant that, in the view of Consultant, creates a conflict of interest with
the Company's engagement of Consultant. Nothing in this Agreement shall be
construed to create any partnership, joint venture or similar arrangement
between the Company and Consultant or to render either party responsible for any
debts or liabilities of the other.

<PAGE>

         6. CONFIDENTIALITY.

                  (a)  Consultant  acknowledges  that  in  connection  with  the
services to be rendered under this Agreement, Consultant may be provided with
confidential business information of the Company. Consultant agrees to keep any
information or materials specifically designated in writing by a responsible
officer of the Company as confidential (the "Confidential Information") in the
strictest confidence and not to disclose or disseminate any such Confidential
Information to any person, firm or other business entity except to those
employees, consultants or other independent contractors of the Company or
Consultant as shall be necessary or advisable for the carrying out of the
purposes of this Agreement and who are under a similar obligation of
confidentiality.

                  (b) The Company acknowledges that Consultant may, in rendering
the services to be rendered hereunder, be utilizing materials that are
proprietary to Consultant. The Company acknowledges that any such materials that
are specifically designated in writing to the Company to be proprietary to
Consultant will remain the property of Consultant and the Company will treat
such materials as confidential information of Consultant and will not disclose
or disseminate any such confidential information to any person, firm or other
business entity except to those employees, consultants or other independent
contractors of the Company or Consultant as shall be necessary or advisable for
the carrying out of the purposes of this Agreement and who are under a similar
obligation of confidentiality.

         7. INDEMNIFICATION. The Company shall indemnify Consultant for any
loss, damage, expenses, claims or other liabilities (including, without
limitation, attorneys' fees) resulting from a breach or alleged breach of any of
the representations and warranties of the Company, or the failure of the Company
to perform any of its obligations, contained in this Agreement.

         8. AMENDMENTS, MODIFICATIONS, WAIVERS, ETC. No amendment or
modification to this Agreement, nor any waiver of any term or provision hereof,
shall be effective unless it shall be in a writing signed by the party against
whom such amendment, modification or waiver shall be sought to be enforced. No
waiver of any term or provision shall be construed as a waiver of any other term
or condition of this Agreement, nor shall it be effective as to any other
instance unless specifically stated in a writing conforming with the provisions
of this Paragraph 8.

         9. SUCCESSORS AND ASSIGNS. This Agreement shall be enforceable against
any successors in interest, if any, to the Company and Consultant. Neither the
Company nor Consultant shall assign any of their respective rights or
obligations hereunder without the written consent of the other in each instance.

         10. NOTICES. Any notices required or permitted to be given under this
Agreement shall be effective upon receipt at the respective addresses in the
recitals to this Agreement unless the address for notice to either party shall
have been changed by a notice given in accordance with this Paragraph 10.

         11. GOVERNING LAW. This Agreement shall be governed by, and construed
in accordance with, the substantive laws of the State of New York for contracts
executed and to be performed wholly within such state, without regard for
principals of conflicts of laws.

         IN WITNESS WHEREOF, the parties hereto have set their respective hands
as of the date first above written.

HY-TECH TECHNOLOGY GROUP, INC.

By: /S/ MARTIN NIELSON                            /S/ HENRY LO
    -------------------------                     -----------------------------
    Martin Nielson                                Henry Lo
    Chief Executive Officer

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