Document:

Exhibit 10.1

                               AMERICOM USA, INC.
                            AMENDED STOCK OPTION PLAN

The Board of Directors of AMERICOM USA, INC. (the "Company") passed on the 26th
day of March, 1999, an employee Stock Option Plan (the "Plan") it has been
deemed appropriate to amend same to reflect more precisely the intentions of the
parties;

The following is the Plan including all amendments and shall be deemed to be the
amended Plan when passed by the Directors of the Company.

      Section 1.01. Purpose. (a) The purpose of this the Plan is to promote the
growth and general prosperity of the Company by permitting the Company to grant
options to purchase shares of its common stock, par value $.0001 per share (the
"Common Stock"), to persons whose contributions are important to the success of
the Company. The Plan is designed to help attract and retain superior personnel
for positions of substantial responsibility with the Company and its parent and
subsidiary corporations (if any) and to provide key employees, directors,
associates and consultants of or to the Company and its parent and subsidiary
corporations with an additional incentive to contribute to the success of the
Company.

                  (b) The Company intends that options granted to employees
pursuant to the provisions of the Plan will qualify as "incentive stock options"
within the meaning of Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code") and Treasury Regulations promulgated thereunder ("ISOs"),
unless an option, by its terms, would not qualify thereunder. The Plan also
provides for the granting of options that do not qualify as ISOs ("NQOs") to
individuals who are not employees. As used in the Plan, the terms "parent
corporation" and "subsidiary corporation" shall have the meanings set forth in
subsections (e) and (f), respectively, of Section 424 of the Code, and shall be
referred to herein, collectively, as "Affiliates."

      Section 2.01. Administration. (a) The Plan shall be administered by the
board of directors of the Company or by a committee of the board of directors
consisting of two or more directors to whom administration of the Plan has been
delegated by resolution of the board of directors. The members of the board of
directors or that committee, as the case may be, are hereafter referred to as
the "Plan Administrators." Actions of the Plan Administrators shall be taken by
a majority vote or by unanimous written consent.

                  (b) In the event that the Company is subject to Section 16 of
the Securities Exchange Act of 1934, as amended ("Act"), the grant of an option
to any individual subject to the limitations of Section 16(b) of the Act, and
the terms of such option, shall be approved by the full board of directors of
the Company or a committee comprised solely of two or more individuals who are
"Non-Employee Directors" within the meaning of Rule 16(b)-3 promulgated by the
Securities and Exchange Commission thereunder.

                  (c) In the event that the Company is the issuer of any common
equity securities required to be registered under Section 12 of the Act, the
grant of an option to any employee of the Company or an Affiliate, and the terms
of such option, shall be approved by a

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committee comprised solely of two or more individuals who are "outside
directors" within the meaning of the Treasury Regulations promulgated under
Section 162(m) of the Code.

      Section 2.02. Authority of Plan Administrators. Subject to the provisions
of the Plan, and with a view to effecting its purpose, the Plan Administrators
shall have sole authority, in their absolute discretion, (a) to construe and
interpret the Plan, (b) to define the terms used herein, (c) to prescribe,
amend, and rescind rules and regulations relating to the Plan, (d) to determine
the individuals to whom options to purchase Common Stock shall be granted under
the Plan, (e) to determine the time or times at which options shall be granted
under the Plan, (f) to determine the number of shares of Common Stock subject to
each option, the option price and the duration of each option granted under the
Plan, (g) to determine all of the other terms and conditions of options granted
under the Plan, and (h) to make all other determinations necessary or advisable
for the administration of the Plan and do everything necessary or appropriate to
administer the Plan. All decisions, determinations and interpretations made by
the Plan Administrators shall be binding and conclusive on all participants in
the Plan and on their legal representatives, heirs and beneficiaries.

      Section 2.03. Terms, Conditions and Method of Grant. The terms and
conditions of options granted under the Plan may differ from one another as the
Plan Administrators, in their absolute discretion, shall determine as long as
all options granted under the Plan satisfy the requirements of the Plan. No
optionee shall have any rights with respect to an option granted under the Plan
unless the optionee shall have executed and delivered to the Plan Administrators
an option agreement (with a copy of the Plan attached). The option agreement
shall be in the form and shall contain such provisions consistent with the Plan
as the Plan Administrators, acting with the benefit of legal counsel, shall deem
advisable. The date of the option agreement shall be the date of granting the
option to the optionee for all purposes of the Plan. No option under the Plan
shall be granted the exercise of which shall be conditioned upon the exercise of
any other option under the Plan or any other plan.

      Section 3.01. Maximum Number of Shares of Common Stock Subject to the
Plan. Subject to the provisions of Section 12.01, the sum of the aggregate
number of shares with respect to which options may be granted under the Plan and
the number of shares subject to the substituted options described in Section
12.02, is Fifteen Million (15,000,000). The maximum number of shares subject to
the Plan may be adjusted pursuant to the provisions of Section 12.01 of the
Plan. If any of the options granted under the Plan expire or terminate for any
reason before they have been exercised in full, the shares of Common Stock
subject to those expired or terminated options shall again be available for the
purpose of the Plan.

      Section 4.01. Eligibility and Participation. Employees, directors,
associates and consultants of or to the Company or any Affiliate shall be
eligible for selection by the Plan Administrators to receive grants of options
hereunder; provided, however, that only employees of the Company or an Affiliate
shall be eligible for selection by the Plan Administrators to receive grants of
ISOs under the Plan.

      Section 5.01. Effective Date and Term of Plan. The Plan shall become
effective upon its adoption by the board of directors of the Company, subject to
approval of the Plan by the shareholders of the Company, as provided in Section
14.01. The Plan shall continue in effect for a term of 10 years from the earlier
of the date of adoption by the board or approval by shareholders unless sooner
terminated under Section 13.01.

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      Section 5.02. Duration of Options. Each option and all rights thereunder
granted pursuant to the terms of the Plan shall expire on the date determined by
the Plan Administrators, but in no event shall any option granted under the Plan
expire later than ten (10) years from the date on which the option is granted.
In addition, each option shall be subject to early termination as provided in
this Plan.

      Section 5.03. Purchase Price. The purchase price for shares of Common
Stock acquired pursuant to the exercise (in whole or in part) of any option
shall not be less than the fair market value of the stock at the time of the
grant of the option. The effective date for the determination of fair market
value shall be date any employee is hired or any associate or consultant is
retained. Fair market value shall be determined by the Plan Administrators on
the basis of those factors they deem appropriate; provided that the Plan
Administrators shall make a good faith effort to determine such fair market
value in selecting such factors, and provided further, that if at the time the
determination is made the Common Stock is admitted to trading on a national
securities exchange, the fair market value of the shares shall be not less than
the greater of (i) the mean between the high bid and asked prices reported for
the Common Stock on that exchange on the day the option is granted or the most
recent trading day preceding the date on which the option is granted or (ii) the
last reported sale price reported for the Common Stock on that exchange on the
day or most recent trading day preceding the date on which the option is
granted. The phrase "national securities exchange" shall include the National
Association of Securities Dealers Automated Quotation System and the
over-the-counter market.

      Section 5.04. Term and Purchase Price of Option Granted to More Than Ten
Percent Stockholder. Notwithstanding anything to the contrary in Sections 5.02
and 5.03, if an option which is intended to be an ISO is to be granted to an
employee who at the time the option is granted owns (or under Section 424(d) of
the Code is deemed to own) more than 10 percent of the voting power or value of
all classes of stock of the Company, (i) that option by its terms shall not be
exercisable after the expiration of five years after the date that option is
granted, and (ii) the purchase price for shares acquired pursuant to the
exercise (in whole or in part) of that option shall be at least 110 percent of
the fair market value (as determined under Section 5.03) of the shares subject
to the option at the time the option is granted.

      Section 5.05. Maximum Amount of Options in Any Calendar Year. (a) To the
extent that the aggregate fair market value of stock with respect to which
options under this Plan and all other such option plans of the Company and
Affiliates, which would otherwise be ISOs, are exercisable for the first time by
an optionee in any calendar year exceeds $100,000, such options shall not be
treated as ISOs. Nothing contained herein shall prohibit the grant of an NQO to
an individual who is an employee of the Company or an Affiliate regardless of
whether ISOs are granted to such individual in such year.

                  (b) Subject to the provisions of Section 12.01, the maximum
aggregate number of shares which may be granted under the Plan to any employee
of the Company or an Affiliate during any calendar year shall be One Million
(1,000,000).

      Section 6.01. Exercise of Options by Optionee. Each option shall be
exercisable in one or more installments during its term, and the right to
exercise may be cumulative as determined by the Plan Administrators. No option
may be exercised for a fraction of a share of Common Stock. In addition, no
option may be exercised other than on a business day of the Company. The full
purchase price of any shares purchased shall be paid at the time of exercise of
the option

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by a combination of cash, certified or cashier's check payable to the order of
the Company or, if permitted by the terms of the option, shares of Common Stock.
If any portion of the purchase price is paid in shares of Common Stock, those
shares shall be tendered at their then fair market value, as determined by the
Plan Administrators in accordance with Section 5.03 of the Plan. In addition, if
permitted by the terms of the option, the optionee may purchase all or any
portion of the shares subject to an option by directing the Company to withhold
from delivery to the optionee the number of shares having a fair market value
equal to the aggregate exercise price of the total number of shares purchased,
or to deliver that number of shares and his irrevocable instructions to a broker
to deliver to the Company proceeds of the sale of shares or a loan that are
sufficient to pay the aggregate exercise price of the total number of shares
purchased. No option may be exercised on a date later than 10 years from the
date it is granted. For purposes of any and all Incentive Stock Option
Agreements, the purchase price for purposes of the definition of equivalent
shall mean shares of the Corporation at fair market value at the time of such
exercise.

      Section 6.02. Exercise of Options by Estate or Beneficiaries. Subject to
the provisions of Section 11.01, if an option shall have been transferred to an
estate of an optionee, or to any beneficiary thereof who shall have acquired
such option by bequest or inheritance by reason of the death of such optionee,
the option shall be exercisable in the same manner as if exercised by such
optionee pursuant to Section 6.01.

      Section 6.03. Written Notice Required. Any option granted pursuant to the
terms of the Plan shall be considered exercised when written notice of that
exercise, together with the investment representations described in Section
7.01, if any, have been given to the Company at its principal office by the
person entitled to exercise the option and full payment for the shares with
respect to which the option is exercised has been received by the Company. Upon
receipt thereof, and in connection with the transfer of Common Stock pursuant to
the exercise of an ISO, the Company shall provide optionee with a written
statement containing the information required by Section 6039(a) of the Code.

      Section 6.04. Withholding Taxes. Shares of Common Stock shall not be
transferred to an optionee upon exercise of an option granted hereunder unless
and until the optionee has paid to the Company, or such other person responsible
under applicable law for withholding taxes in connection with such exercise, an
amount of cash sufficient to satisfy the liability for federal, state and local
withholding taxes in connection with such exercise. In their complete
discretion, however, the Plan Administrators may permit the optionee to elect to
have the Company assume this obligation by directing the Company to withhold a
number of shares having a fair market value equal to the withholding taxes, or
to deliver that number of shares and his irrevocable instructions to a broker to
deliver to the Company the proceeds of a sale of a number of shares or a loan
that are sufficient to satisfy the withholding taxes.

      Section 7.01. Compliance with State and Federal Laws. Shares of Common
Stock shall not be issued with respect to any option granted under the Plan
unless the exercise of that option and the issuance and delivery of the Common
Stock pursuant to that exercise shall comply with all relevant provisions of
state and federal laws, rules and regulations, and the requirements of any stock
exchange upon which the Common Stock may then be listed, and shall be further
subject to the approval of counsel for the Company with respect to that
compliance. If any law or any regulation of any federal or state body having
jurisdiction shall require the Company or the optionee to take any action in
connection with the shares specified in the optionee's notice, then the date for
the delivery of the shares shall be postponed until the

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completion of the necessary action. The Plan Administrators also shall require
(to the extent required by applicable laws, rules and regulations) an optionee
to furnish evidence satisfactory to the Company (including a written and signed
representation letter and a consent to be bound by any transfer restrictions
imposed by law, legend, condition, or otherwise) that the Common Stock is being
purchased only for investment and without any present intention to sell or
distribute the Common Stock in violation of any law, rule or regulation.
Further, each optionee shall consent to the imposition of a legend on the shares
of Common Stock subject to his or her option restricting their transferability
as may be required by applicable laws, rules and regulations.

      Section 8.01. Option Rights Upon Termination of Service. If an optionee
ceases to be in the service of the Company or any Affiliate in any capacity,
without regard to the anticipated duration of that cessation of service and for
any reason other than death or permanent disability, his or her option shall
immediately terminate, unless an option agreement allows the option to be
exercised (to the extent exercisable on the date of termination of service) for
a specified period of time thereafter.

       Section 9.01. Option Rights upon Death or Disability. Except as otherwise
limited by the Plan Administrators at the time of the grant of an option, if an
optionee dies or becomes permanently and totally disabled within the meaning of
Section 22(e)(3) of the Code while in the service of the Company or any
Affiliate, his or her option shall expire one year after the date of death or
the date of permanent and total disability, unless in either case the option
agreement or the Plan otherwise provides for earlier termination. During that
period, the unexercised portion of the option may be exercised by the optionee,
if living, or by the person or persons to whom the optionee's rights under the
option shall pass by will or by the laws of descent and distribution, but only
to the extent that the optionee is entitled to exercise the option at the date
of death or the date of permanent and total disability, as the case may be.
Notwithstanding anything herein contained, if an optionee dies or becomes
permanently and totally disabled within the meaning of Section 22(e)(3) of the
Code while in the service of the Company or any Affiliate there shall be a
vesting of all proportionate options accrued to the date of death or permanent
and totally disability.

      Section 10.01. Privileges of Stock Ownership. Notwithstanding the exercise
of any option granted pursuant to the Plan, no optionee shall have any of the
rights or privileges of a stockholder of the Company in respect of any shares of
Common Stock issuable upon the exercise of his or her option until the optionee
becomes a stockholder of record.

      Section 11.01. Options Not Transferable. Options granted pursuant to the
terms of the Plan may not be sold, pledged, assigned or transferred in any
manner other than by will or the laws of descent or distribution any may be
exercised during the lifetime of an optionee only by that optionee.

      Section 12.01. Adjustments for Changes in Capitalization or Organization;
Change in Corporate Control; Acceleration of Right to Exercise Option. All
options granted pursuant to this Plan shall be adjusted in the manner prescribed
by this section.

            (a) If the outstanding shares of the Common Stock of the Company are
increased, decreased, changed into, or exchanged for a different number or kind
of shares or securities through recapitalization, reclassification, stock
dividend, stock split or reverse stock split, an appropriate and proportionate
adjustment shall be made in the maximum number and kind of shares of Common
Stock as to which options may be granted under the Plan. A

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corresponding adjustment changing the number or kind of shares of Common Stock
allocated to unexercised options or portions thereof, which shall have been
granted prior to any such change, shall likewise be made. Any such adjustment in
outstanding options shall be made without change in the aggregate purchase price
applicable to the unexercised portion of the option, but with a corresponding
adjustment in the price for each share of Common Stock or other unit of any
security covered by the option.

            (b) Upon the effective date of the dissolution or liquidation of the
Company, or of a reorganization, merger, combination or consolidation of the
Company with one or more other corporations in which the Company is not the
surviving corporation, or of the transfer of substantially all of the assets or
stock of the Company to another corporation, the Plan and any option theretofore
granted hereunder shall terminate unless provision is made in writing in
connection with that transaction for the continuance of the Plan and for the
assumption of options theretofore granted hereunder, or the substitution for
those options of new options covering the stock of the successor corporation, or
a parent or subsidiary thereof, with appropriate adjustments, as determined or
approved by the Plan Administrators, as to the number and kind of shares of
stock subject to the substituted options and prices therefor, in which event the
Plan and the options theretofore granted, or the new options substituted
therefor, shall continue in the manner and under the terms so provided. For the
purposes of the preceding sentence, the excess of the aggregate fair market
value of the shares subject to the option immediately after the substitution or
assumption over the aggregate option price of those shares shall not be more
than the excess of the aggregate fair market value of the shares subject to the
option immediately before the substitution or assumption over the aggregate
option price of those shares, and the new option or assumption of the old option
shall not give the optionee additional benefits which the optionee did not have
under the old option.

            In the event of (i) such dissolution, liquidation, reorganization,
merger, combination, consolidation or sale or transfer of assets or stock in
which provision is not made in the transaction for the continuance of the Plan
and for the assumption of options theretofore granted or the substitution for
those options of new options covering the securities of a successor corporation
or a parent or subsidiary thereof or (ii) a difference between the excess of the
aggregate fair market value of the shares subject to the option immediately
after the substitution or assumption over the aggregate option price of those
shares and the excess of the aggregate fair market value of the shares subject
to the option immediately before the substitution or assumption over the
aggregate option price of those shares, each optionee (or that person's estate
or a person who acquired the right to exercise the option from the optionee by
bequest or inheritance) shall be entitled, prior to the effective date of the
consummation of any such transaction, to purchase, in whole or in part, the full
number of shares of Common Stock under the option or options granted to him or
her which he or she would otherwise have been entitled to purchase during the
remaining term of the option and without regard to any otherwise applicable
exercise restrictions set forth in the option agreement. To the extent that any
such exercise relates to stock that is not otherwise available for purchase
through the exercise of the option by the optionee at that time, the exercise
shall be contingent upon the consummation of that dissolution, liquidation,
reorganization, merger, combination, consolidation, or sale or transfer of
assets or stock.

            (c) In the event of a transfer of greater than fifty per cent (50%)
of the shares of the Corporation so as to change control of the Corporation,
including without limitation, merger,

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acquisition, hostile takeover, etc ( a "Corporate Transaction") all options then
outstanding and unvested to the date of the Corporate Transaction shall vest as
at the date thereof. Should the Corporation thereafter as a result of the
Corporate Transaction make any change to the Plan, all options then outstanding
and unvested shall vest as at the date of the said change.

      Section 12.02.  Assumption of Options  Granted by Kiosk  Software,  Inc.
(a)  Pursuant to an Agreement  and Plan of  Reorganization  dated  January 24,
1999, by and between the Company,  Kiosk  Acquisition,  Inc.,  Kiosk Software,
Inc.,  and Lori  Fisher,  Kiosk  Software,  Inc.  shall be merged  into  Kiosk
Acquisition,  Inc.,  which  shall be an  Affiliate  of the  Company  as of the
effective time of the merger ("Merger").

                  (b) Holders of options ("Kiosk Options") to purchase common
stock of Kiosk Software, Inc. ("Kiosk Stock"), to the extent outstanding and
unexercised immediately prior to the Merger, pursuant to the Kiosk Software,
Inc. 1998 Stock Incentive Plan ("Kiosk Plan"), shall receive options to purchase
shares of Common Stock in substitution of their options to purchase Kiosk Stock.
Such options to purchase Kiosk Stock shall be cancelled and options to purchase
Common Stock shall be substituted therefor simultaneously as of the Merger.

                  (c) The number of shares of Common Stock subject to the option
serving as a substitute for a Kiosk Option shall be that number, rounded down to
the next lowest whole number, such that the aggregate fair market value of such
Common Stock, determined as of the Merger, shall be equal to the fair market
value of the Kiosk Stock, determined immediately prior to the Merger, subject to
such Kiosk Option, to the extent outstanding and unexercised as of the Merger.

                  (d) The exercise price of an option to purchase shares of
Common Stock serving as a substitute for a Kiosk Option shall be the amount such
that the excess of (i) the aggregate fair market value of such shares of Common
Stock, determined as of the Merger, over (ii) the aggregate exercise price of
the substitute option, is equal to the excess of (iii) the aggregate fair market
value of the Kiosk Stock subject to the Kiosk Option, determined immediately
prior to the Merger, over the aggregate exercise price of such Kiosk Option, to
the extent outstanding and unexercised as of the Merger.

                  (e) The terms of the substitute option to purchase Common
Stock shall be identical to the terms of the Kiosk Option, including those terms
of the Kiosk Plan incorporated by reference, except as provided in paragraphs
(c) and (d), above, and except to the extent such terms are inconsistent with
the terms of this Plan, in which case the terms of the substitute option shall
be modified to avoid such inconsistency. Notwithstanding the preceding sentence,
however, to the extent that a Kiosk Option qualified as an ISO in the hands of
the optionee immediately prior to the Merger, the terms of the substitute option
to purchase Common Stock shall not be modified in such a fashion to result in
the optionee receiving "additional benefits," within the meaning of Section
424(a)(2) of the Code, which he did not have under the Kiosk Option.

      Section 13.01. Termination and Amendment of Plan. (a) The Plan shall
terminate 10 years after the earlier of its adoption by the board of directors
of the Company or its approval by the shareholders of the Company, and no
options shall be granted under the Plan after that date; provided, however, that
termination of the Plan shall not terminate any option granted prior

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thereto, and options granted prior to termination of the Plan and existing at
the time of termination of the Plan shall continue to be subject to all the
terms and conditions of the Plan as if the Plan had not terminated.

                  (b) Subject to the limitation contained in Section 13.02, the
board of directors of the Company may at any time amend or revise the terms of
the Plan, provided that no amendment or revision shall (i) increase the maximum
aggregate number of shares of Common Stock provided for in Section 3.01 that may
be sold pursuant to options granted under the Plan, except with the approval of
the shareholders of the Company or except as provided under the provisions of
Section 12.01(a), (ii) permit the granting of an option to anyone other than as
provided in Section 4.01, (iii) increase the maximum term provided for in
Sections 5.02 and 5.04 of any option, or (iv) change the minimum purchase price
for shares of Common Stock under Sections 5.03 and 5.04.

      Section 13.02. Prior Rights and Obligations. No amendment, suspension or
termination of the Plan shall, without the consent of the optionee, alter or
impair any of that optionee's rights or obligations under any option granted
under the Plan prior to that amendment, suspension or termination.

      Section 14.01. Approval of Shareholders. Within 12 months before or after
its adoption by the board of directors of the Company, as provided by Section
5.01, the Plan must be approved by shareholders of the Company holding at least
a majority of the voting stock of the Company voting in person or by proxy at a
duly held shareholders' meeting. Options may be granted under the Plan prior to
obtaining approval, subject to the limitations of Section 13.01 concerning the
period during which options may be granted, but those options shall be
contingent upon approval being obtained and may not be exercised prior to the
receipt of that approval.

      Section 15.01. Reservation of Shares of Common Stock. The Company, during
the term of the Plan, will at all times reserve and keep available a sufficient
number of shares of Common Stock to satisfy the requirements of the Plan.

      Section  16.01.  Headings.  The headings of the sections of the Plan are
for  convenience  only and shall not be considered or referred to in resolving
questions of interpretation.

      Section  17.01.  Brokers'  Commissions.  No  commission  may be  paid to
brokers on the sale by the  Company to the  optionee  of Common  Stock that is
optioned and sold under the Plan.

      Section  18.01.  Adoption.  The Plan has been  adopted  by a  resolution
duly adopted by the board of directors of the Company.

      Section 19.01.  Applicable Law. The Plan and Options  granted  hereunder
shall be governed by the laws of the State of Delaware.

                                       8Exhibit 10.4

         AGREEMENT   AND  PLAN  OF   MERGER   between   CHATSWORTH   ACQUISITION
CORPORATION,  a Delaware corporation  ("Chatsworth"),  and AMERICOM USA, INC., a
Delaware  corporation doing business as TeleSpace  ("AmeriCom"),  Chatsworth and
AmeriCom being sometimes referred to herein as the "Constituent Corporations."

         WHEREAS,  the board of directors of each Constituent  Corporation deems
it advisable that the Constituent  Corporations  merge into a single corporation
("the Merger");

         NOW,  THEREFORE,  in  consideration  of the premises and the respective
mutual covenants,  representations and warranties herein contained,  the parties
agree as follows:

         1.  Surviving  Corporation.  AmeriCom  shall  be  merged  with and into
Chatsworth which shall be the surviving corporation  (hereinafter the "Surviving
Corporation") in accordance with the applicable laws of the State of Delaware.

         2. Merger Date.  The Merger shall become  effective (the "Merger Date")
upon the completion of:

          (i)  Adoption of this Agreement by the shareholders of AmeriCom and by
               the   shareholders   of   Chatsworth   pursuant  to  the  General
               Corporation Law of Delaware; and

          (ii) Execution  and  filing  of the  Certificate  of  Merger  with the
               Secretary  of State of the State of Delaware in  accordance  with
               the General Corporation Law of Delaware.

         3. Time of Filings.  The  Certificate of Merger shall be filed with the
Commissioner  of  Corporations  of the  Secretary of State of Delaware  upon the
approval of this Agreement by the  shareholders of the Constituent  Corporations
and the fulfillment or waiver of the terms and conditions herein.

         4.  Accounting  Period.  Notwithstanding  any  other  provision  herein
relating to the Merger Date, for all  accounting  purposes the effective date of
the Merger shall be as of November 30, 1998.

         5.  Governing Law. The Surviving  Corporation  shall be governed by the
laws of the State of Delaware.

         6.  Certificate of  Incorporation.  The Certificate of Incorporation of
Chatsworth   shall  be  the  Certificate  of   Incorporation  of  the  Surviving
Corporation  from  and  after  the  Merger  Date,  subject  to the  right of the
Surviving  Corporation to amend its Certificate of  Incorporation  in accordance
with the laws of the State of Delaware.

         7. Bylaws. The Bylaws of the Surviving  Corporation shall be the Bylaws
of Chatsworth as in effect on the date of this Agreement.

         8. Name of Surviving Corporation. The Surviving Corporation will change
its name to  "AMERICOM  USA,  INC." or such name as it may  choose  and shall be
available.

         9.  Conversion.  The mode of  carrying  the merger  into effect and the
manner  and basis of  converting  the  shares  of  AmeriCom  into  shares of the
Surviving Corporation are as follows:

              9.1.  The  aggregate  number of shares of  AmeriCom  Common  Stock
issued and  outstanding  on the Merger Date  shall,  by virtue of the merger and
without  any action on the part of the holders  thereof,  be  converted  into an
aggregate  of  29,650,000  shares of  Chatsworth  Common  Stock  adjusted by any
increase for  fractional  shares and reduced by any Dissenting  Shares  (defined
below).

              9.2. Subject to such adjustments, there shall be 30,000,000 shares
of Chatsworth  Common Stock issued and outstanding upon completion of the Merger
held as follows:  29,650,000  common shares held by the shareholders of AmeriCom
and 350,000 common shares held by the existing shareholders of Chatsworth.

              9.3. The Chatsworth Common Stock shall be issued to the holders of
such  AmeriCom  Common Stock in exchange for their shares on a pro rata basis in
accordance  with each holder's  relative  ownership of the AmeriCom Common Stock
that is being exchanged.

              9.4.   All   outstanding   warrants  of  AmeriCom  and  any  other
outstanding rights to purchase stock of AmeriCom shall be adjusted,  pursuant to
the terms contained in such warrants or other rights  documents,  for conversion
to  warrants  or rights to  purchase  stock of  Chatsworth  on the same ratio as
provided herein for holders of AmeriCom Common Stock.

              9.5.  Fractional  shares of  Chatsworth  Common Stock shall not be
issued,  but in lieu thereof  Chatsworth shall round up fractional shares to the
next highest whole number.

              9.6.  The  shares  of  Chatsworth  Common  Stock to be  issued  in
exchange for AmeriCom Common Stock hereunder shall be proportionately reduced by
any shares owned by AmeriCom  shareholders who shall have timely objected to the
merger  (the  "Dissenting  Shares") in  accordance  with the  provisions  of the
General  Corporation  I.aw of Delaware,  which  objections will be dealt with as
provided in those sections.

              9.7.  Each  share of  AmeriCom  Common  Stock  that is issued  and
outstanding  and owned by AmeriCom  on the Merger  Date shall,  by virtue of the
merger and without any action on the part of AmeriCom, be retired and cancelled.

              9.8. Each certificate evidencing ownership of shares of Chatsworth
Common Stock issued and  outstanding on the Merger Date or held by Chatsworth in
its treasury shall  continue to evidence  ownership of the same number of shares
of Chatsworth Common Stock.

         10.  Exchange of  Certificates.  As promptly as  practicable  after the
Merger  Date,  each  holder  of  an  outstanding   certificate  or  certificates
theretofore   representing   shares  of  AmeriCom   Common   Stock  (other  than
certificates representing Dissenting Shares) shall surrender such certificate(s)
for cancellation to the party designated by the Surviving  Corporation to handle
such  exchange  (the  "Exchange  Agent"),   and  shall  receive  in  exchange  a
certificate or certificates representing the number of full shares of Chatsworth
Common Stock into which the

<PAGE>

Agreement and Plan of Merger                                       Page Number 2
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shares of AmeriCom  Common Stock  represented by the certificate or certificates
so surrendered shall have been converted.

         11.  Unexchanged  Certificates.  Until  surrendered,  each  outstanding
certificate  that prior to the Merger Date  represented  AmeriCom  Common  Stock
(other than certificates representing Dissenting Shares) shall be deemed for all
purposes,  other  than the  payment  of  dividends  or other  distributions,  to
evidence ownership of the number of shares of Chatsworth Common Stock into which
it was  converted.  No  dividend  or other  distribution  payable  to holders of
Chatsworth  Common Stock as of any date  subsequent  to the Merger Date shall be
paid to the  holders of  outstanding  certificates  of  AmeriCom  Common  Stock;
provided,  however,  that  upon  surrender  and  exchange  of  such  outstanding
certificates (other than certificates  representing  Dissenting  Shares),  there
shall be paid to the  record  holders  of the  certificates  issued in  exchange
therefor  the  amount,   without  interest  thereon,   of  dividends  and  other
distributions  that would have been payable  subsequent  to the Merger Date with
respect to the shares of Chatsworth Common Stock represented thereby.

         12.  Board of  Directors  and  Officers.  The  members  of the board of
directors  of the  Surviving  Corporation  shall be the  members of the board of
directors  of  AmeriCom  on the  Merger  Date or such  others  as  AmeriCom  may
designate.  The officers of the Surviving  Corporation  shall be the officers of
AmeriCom on the Merger Date or such others as AmeriCom may designate.

         13. Effect of the Merger. On the Merger Date, the separate existence of
AmeriCom shall cease (except  insofar as continued by statute),  and it shall be
merged  with  and  into  the  Surviving  Corporation.  All the  property,  real,
personal, and mixed, of each of the Constituent Corporations,  and all debts due
to  either  of  them,  shall  be  transferred  to and  vested  in the  Surviving
Corporation,  without  further  act or deed.  The  Surviving  Corporation  shall
thenceforth be responsible and liable for all the  liabilities and  obligations,
including   liabilities  to  holders  of  Dissenting  Shares,  of  each  of  the
Constituent  Corporations,  and any  claim or  judgment  against  either  of the
Constituent Corporations may be enforced against the Surviving Corporation.

         14.  Approval of  Shareholders.  This Agreement shall be adopted by the
shareholders  of the Constituent  Corporations at meetings of such  shareholders
called for that purpose or by written  consent  pursuant to the laws  applicable
thereto.  There  shall  be  required  for the  adoption  of this  Agreement  the
affirmative vote of the holders of at least a majority of the holders of all the
shares of the Common Stock issued and  outstanding and entitled to vote for each
of the Constituent Corporations.

         15. Representations and Warranties of AmeriCom. AmeriCom represents and
warrants that:

              15.1.  Corporate  Organization  and Good  Standing.  AmeriCom is a
corporation  duly organized,  validly  existing,  and in good standing under the
laws of the State of  Delaware,  and is  qualified  to do  business as a foreign
corporation  in each  jurisdiction,  if any,  in which its  property or business
requires such qualification.

<PAGE>

Agreement and Plan of Merger                                       Page Number 3
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              15.2. Capitalization. AmeriCom's authorized capital stock consists
of shares of Common Stock, $.___ par value, of which _________ shares are issued
and outstanding, and no preferred stock.

              15.3. Issued Stock. All the outstanding shares of its Common Stock
are duly authorized and validly issued, fully paid and nonassessable.

              15.4.  Corporate  Authority.  AmeriCom has all requisite corporate
power and authority to own,  operate and lease its  properties,  to carry on its
business  as it is now being  conducted  and to  execute,  deliver,  perform and
conclude  the  transactions   contemplated  by  this  Agreement  and  all  other
agreements and instruments related to this Agreement.

              15.5.  Authorization.  Execution of this  Agreement  has been duly
authorized and approved by AmeriCom's board of directors.

              15.6. Subsidiaries. AmeriCom has no subsidiaries.

              15.7.  Financial  Statements.  AmeriCom's unaudited balance sheets
and the related  statements of income and retained  earnings  dated December 31,
1997,  copies of which will have been delivered by AmeriCom to Chatsworth  prior
to the Merger Date (the  "AmeriCom  Financial  Statements"),  fairly present the
financial  condition  of AmeriCom as of the date  therein and the results of its
operations  for the periods then ended in  conformity  with  generally  accepted
accounting principles consistently applied.

              15.8.  Absence of  Undisclosed  Liabilities.  Except to the extent
reflected or reserved against in the AmeriCom Financial Statements, AmeriCom did
not have at that  date  any  liabilities  or  obligations  (secured,  unsecured,
contingent,  or  otherwise)  of a nature  customarily  reflected  in a corporate
balance  sheet  prepared  in  accordance  with  generally  accepted   accounting
principles.

              15.9.  No Material  Changes.  There has been no  material  adverse
change in the business, properties, or financial condition of AmeriCom since the
date of the AmeriCom Financial Statements.

              15.10. Litigation. There is not, to the knowledge of AmeriCom, any
pending,  threatened,  or existing litigation,  bankruptcy,  criminal, civil, or
regulatory  proceeding  or  investigation,  threatened or  contemplated  against
AmeriCom or against any of its officers.

              15.11. Contracts. AmeriCom is not a party to any material contract
not in the  ordinary  course of business  that is to be performed in whole or in
part at or after the date of this Agreement.

              15.12.  Title.  AmeriCom has good and marketable  title to all the
real  property  and good and valid title to all other  property  included in the
AmeriCom Financial  Statements.  Except as set out in the balance sheet thereof,
the properties of AmeriCom are not subject to any mortgage, encumbrance, or lien
of any kind except minor encumbrances that do not materially  interfere with the
use of the property in the conduct of the business of AmeriCom.

<PAGE>

Agreement and Plan of Merger                                       Page Number 4
--------------------------------------------------------------------------------

              15.13. Tax Returns. All federal, state, county, municipal,  local,
foreign  and  other  taxes  and  assessments,  including  any and all  interest,
penalties and additions imposed with respect to such amounts, have been properly
prepared and filed by AmeriCom for all years to and  including  the taxable year
ending  December 31, 1997. The provisions for federal and state taxes  reflected
in the AmeriCom  Financial  Statements are adequate to cover any such taxes that
may be assessed  against  AmeriCom in respect of its business and its operations
during the periods  covered by the AmeriCom  Financial  Statements and all prior
periods.

              15.14.   No  Violation.   Consummation  of  the  merger  will  not
constitute  or result in a breach or default under any provision of any charter,
bylaw, indenture, mortgage, lease, or agreement, or any order, judgment, decree,
law,  or  regulation  to which any  property  of AmeriCom is subject or by which
AmeriCom is bound.

         16. Representations and Warranties of Chatsworth. Chatsworth represents
and warrants that:

              16.1.  Corporate  Organization and Good Standing.  Chatsworth is a
corporation  duly organized,  validly  existing,  and in good standing under the
laws of the State of  Delaware,  and is  qualified  to do  business as a foreign
corporation  in each  jurisdiction,  if any,  in which its  property or business
requires such qualification.

              16.2. Reporting Company.  Chatsworth has filed with the Securities
and Exchange Commission a registration statement on Form F-10 which was declared
effective  pursuant to the  Securities  Exchange  Act of 1934 and is a reporting
company pursuant toss. 12 thereunder.

              16.3. Reporting Company Status. Chatsworth has timely filed and is
current on all reports  required to be filed by it pursuant  toss.  12(g) of the
Securities Exchange Act of 1934.

              16.4.   Capitalization.   Chatsworth's  authorized  capital  stock
consists  of  100,000,000  shares of Common  Stock,  $.0001 par value,  of which
5,000,000  shares  are  issued  and  outstanding,   and  20,000,000   shares  of
non-designated preferred stock of which no shares are outstanding.

              16.5. Stock Rights.  There are no stock grants,  options,  rights,
warrants  or other  rights  to  purchase  or  obtain  the  Chatsworth  Common or
Preferred Stock issued or committed to be issued.

              16.6. Issued Stock. All the outstanding shares of its Common Stock
were duly authorized and validly issued, fully paid and non-assessable.

              16.7. Corporate Authority.  Chatsworth has all requisite corporate
power and authority to own,  operate and lease its  properties,  to carry on its
business  as it is now being  conducted  and to  execute,  deliver,  perform and
conclude  the  transactions   contemplated  by  this  Agreement  and  all  other
agreements and instruments related to this Agreement.

<PAGE>

Agreement and Plan of Merger                                       Page Number 5
--------------------------------------------------------------------------------

              16.8.  Authorization.  Execution of this  Agreement  has been duly
authorized and approved by Chatsworth's board of directors.

              16.9. Subsidiaries. Chatsworth has no subsidiaries.

              16.10.  Financial Statements.  Chatsworth's audited balance sheets
and the related statements of income and retained earnings, dated as of December
16, 1997,  copies of which will have been delivered by Chatsworth to AmeriCom by
the Merger Date (the  "Chatsworth  Financial  Statements"),  fairly  present the
financial  condition of Chatsworth as of the date therein and the results of its
operations  for the periods then ended in  conformity  with  generally  accepted
accounting principles consistently applied.

              16.11.  Absence of Undisclosed  Liabilities.  Except to the extent
reflected or reserved against in the Chatsworth Financial Statements, Chatsworth
did not have at that date any  liabilities or obligations  (secured,  unsecured,
contingent,  or  otherwise)  of a nature  customarily  reflected  in a corporate
balance  sheet  prepared  in  accordance  with  generally  accepted   accounting
principles.

              16.12.  No Material  Changes.  There has been no material  adverse
change in the business,  properties,  or financial condition of Chatsworth since
the date of the Chatsworth Financial Statements.

              16.13.  Litigation.  There is not, to the knowledge of Chatsworth,
any pending, threatened, or existing litigation, bankruptcy, criminal, civil, or
regulatory  proceeding  or  investigation,  threatened or  contemplated  against
Chatsworth or against any of its officers.

              16.14.  Contracts.  Chatsworth  is not a  party  to  any  material
contract not in the ordinary course of business that is to be performed in whole
or in part at or after the date of this Agreement.

              16.15. Title.  Chatsworth has good and marketable title to all the
real  property  and good and valid title to all other  property  included in the
Chatsworth Financial Statements. Except as set out in the balance sheet thereof,
the  properties of Chatsworth are not subject to any mortgage,  encumbrance,  or
lien of any kind except minor encumbrances that do not materially interfere with
the use of the property in the conduct of the business of Chatsworth.

              16.16. Tag Returns. All federal, state, county, municipal,  local,
foreign  and  other  taxes  and  assessments,  including  any and all  interest,
penalties and additions imposed with respect to such amounts, have been properly
prepared and filed by Chatsworth for all years to and including the taxable year
ending December 31, 1997. Any and all federal, state, county, municipal,  local,
foreign  and  other  taxes  and  assessments,  including  any and all  interest,
penalties and additions imposed with respect to such amounts for the year ending
December 31, 1998, have been paid or if any is outstanding as at the date hereof
provision  has been made  prorated to the date hereof to be an adjustment to the
credit of AmeriCom payable to AmeriCom on the merger hereof.  The provisions for
federal and state taxes  reflected in the  Chatsworth  Financial  Statements are
adequate  to cover any such taxes that may be  assessed  against

<PAGE>

Agreement and Plan of Merger                                       Page Number 6
--------------------------------------------------------------------------------

Chatsworth  in respect of its  business  and its  operations  during the periods
covered by the Chatsworth Financial Statements and all prior periods.

              16.17.   No  Violation.   Consummation  of  the  merger  will  not
constitute  or result in a breach or default under any provision of any charter,
bylaw, indenture, mortgage, lease, or agreement, or any order, judgment, decree,
law, or  regulation  to which any property of  Chatsworth is subject or by which
Chatsworth is bound.

         17. Conduct of AmeriCom Pending the Merger Date

         AmeriCom  covenants  that  between the date of this  Agreement  and the
Merger Date:

              17.1.   No  change  will  be  made  in   AmeriCom's   articles  of
incorporation or bylaws.

              17.2.  AmeriCom  will not make any  change  in its  authorized  or
issued  capital  stock,  declare or pay any  dividend or other  distribution  or
issue,  encumber,  purchase, or otherwise acquire any of its capital stock other
than as provided herein.

              17.3.  AmeriCom will submit this  Agreement for its  shareholders'
approval with a favorable  recommendation by its board of directors and will use
its best efforts to obtain the requisite shareholder approval.

              17.4.  AmeriCom will use its best efforts to maintain and preserve
its business organization, employee relationships, and goodwill intact, and will
not  enter  into any  material  commitment  except  in the  ordinary  course  of
business.

         18. Conduct of Chatsworth Pending the Merger Date

         Chatsworth  covenants  that between the date of this  Agreement and the
Merger Date:

              18.1.  No  change  will  be made in  Chatsworth's  certificate  of
incorporation or bylaws.

              18.2.  Chatsworth  will not make any change in its  authorized  or
issued  capital  stock,  declare or pay any  dividend or other  distribution  or
issue,  encumber,  purchase,  or  otherwise  acquire  any of its  capital  stock
otherwise than as provided herein.

              18.3.  Chatsworth will submit this Agreement for its shareholders'
approval with a favorable  recommendation by its board of directors and will use
its best efforts to obtain the requisite shareholder approval.

              18.4.  Chatsworth  will  use its  best  efforts  to  maintain  and
preserve its business organization, employee relationships, and goodwill intact,
and will not enter into any material commitment except in the ordinary course of
business.

<PAGE>

Agreement and Plan of Merger                                       Page Number 7
--------------------------------------------------------------------------------

         19.  Conditions   Precedent  to  Obligation  of  AmeriCom.   AmeriCom's
obligation  to  consummate  this merger  shall be subject to  fulfillment  on or
before the Merger Date of each of the  following  conditions,  unless  waived in
writing by AmeriCom:

              19.1.   Chatsworth's    Representations   and   Warranties.    The
representations  and warranties of Chatsworth set forth herein shall be true and
correct at the  Merger  Date as though  made at and as of that  date,  except as
affected by transactions contemplated hereby.

              19.2. Chatsworth's Covenants.  Chatsworth shall have performed all
covenants  required by this  Agreement  to be  performed  by it on or before the
Merger Date.

              19.3.  Shareholder  Approval.   This  Agreement  shall  have  been
approved by the required number of shareholders of the Constituent Corporations.

              19.4.  Supporting  Documents of Chatsworth.  Chatsworth shall have
delivered to AmeriCom supporting documents in form and substance satisfactory to
AmeriCom, to the effect that:

              (i) Chatsworth is a corporation duly organized,  validly existing,
and in good standing.

              (ii)  Chatsworth's  authorized  and issued capital stock is as set
forth herein.

              (iii) The execution and  consummation  of this Agreement have been
duly authorized and approved by Chatsworth's board of directors.

         20.  Conditions  Precedent to  Obligation of  Chatsworth.  Chatsworth's
obligation  to  consummate  this merger  shall be subject to  fulfillment  on or
before the Merger Date of each of the  following  conditions,  unless  waived in
writing by Chatsworth:

              20.1.    AmeriCom's    Representations    and   Warranties.    The
representations  and  warranties  of AmeriCom set forth herein shall be true and
correct at the  Merger  Date as though  made at and as of that  date,  except as
affected by transactions contemplated hereby.

              20.2.  AmeriCom's  Covenants.  AmeriCom  shall have  performed all
covenants  required by this  Agreement  to be  performed  by it on or before the
Merger Date.

              20.3.  Shareholder  Approval.   This  Agreement  shall  have  been
approved by the required number of shareholders of the Constituent Corporations.

              20.4.  Supporting  Documents  of  AmeriCom.  AmeriCom  shall  have
delivered to Chatsworth supporting documents in form and substance  satisfactory
to Chatsworth to the effect that:

              (i) AmeriCom is a corporation  duly organized,  validly  existing,
and in good standing.

              (ii)  AmeriCom's  authorized  and issued  capital  stock is as set
forth herein.

<PAGE>

Agreement and Plan of Merger                                       Page Number 8
--------------------------------------------------------------------------------

              (iii) The execution and  consummation  of this Agreement have been
duly authorized and approved by AmeriCom's board of directors.

         21.  Access.  From the date hereof to the Merger Date,  Chatsworth  and
AmeriCom shall provide each other with such  information and permit each other's
officers and representatives such access to its properties and books and records
as the other  may from time to time  reasonably  request.  If the  merger is not
consummated,  all documents  received in connection with this Agreement shall be
returned to the party furnishing such documents, and all information so received
shall be treated as confidential.

         22. Closing

              22.1.  The  transfers  and  deliveries to be made pursuant to this
Agreement (the "Closing")  shall be made by and take place at the offices of the
Exchange  Agent or other  location  designated by the  Constituent  Corporations
without requiring the meeting of the parties hereof. All proceedings to be taken
and all  documents  to be executed  at the Closing  shall be deemed to have been
taken, delivered and executed simultaneously,  and no proceeding shall be deemed
taken nor  documents  deemed  executed or  delivered  until all have been taken,
delivered and executed.

              22.2.  Any copy,  facsimile  telecommunication  or other  reliable
reproduction  of the writing or  transmission  required by this Agreement or any
signature  required  thereon  may be  used in lieu  of an  original  writing  or
transmission  or signature for any and all purposes for which the original could
be  used,  provided  that  such  copy,  facsimile   telecommunication  or  other
reproduction shall be a complete  reproduction of the entire original writing or
transmission or original signature.

              22.3. At the Closing, AmeriCom shall deliver to the Exchange Agent
in satisfactory form, if not already delivered to Chatsworth:

              (i) A list of the holders of the shares of AmeriCom  Common  Stock
being  exchanged  with an  itemization of the number of shares held by each, the
address of each holder,  and the aggregate number of shares of Chatsworth Common
Stock to be issued to each holder;

              (ii) Evidence of the consent of  shareholders  of AmeriCom to this
Agreement;

              (iii)  Certificate  of the  Secretary of State of Delaware as of a
recent date as to the good standing of AmeriCom;

              (iv) Certified copies of the resolutions of the board of directors
of AmeriCom  authorizing the execution of this Agreement and the consummation of
the Merger;

              (v) The AmeriCom Financial Statements;

              (vi)  Secretary's  certificate  of  incumbency of the officers and
directors of AmeriCom; and

<PAGE>

Agreement and Plan of Merger                                       Page Number 9
--------------------------------------------------------------------------------

              (vii) Any  document  as may be  specified  herein or  required  to
satisfy the  conditions,  representations  and warranties  enumerated  elsewhere
herein.

              22.4.  At the Closing,  Chatsworth  shall  deliver to the Exchange
Agent in satisfactory form, if not already delivered to AmeriCom:

              (i) A list of the shareholders of record of Chatsworth, including,
wherever available, addresses and telephone numbers;

              (ii) Evidence of the consent of shareholders of Chatsworth to this
Agreement;

              (iii)  Certificate  of the  Secretary of State of Delaware as of a
recent date as to the good standing of Chatsworth;

              (iv) Certified copies of the resolutions of the board of directors
of Chatsworth  authorizing the execution of this Agreement and the  consummation
of the merger;

              (v) The Chatsworth Financial Statements;

              (vi)  Secretary's  certificate  of  incumbency of the officers and
directors of Chatsworth; and

              (vii) Any  document  as may be  specified  herein or  required  to
satisfy the  conditions,  representations  and warranties  enumerated  elsewhere
herein.

         23. Survival of Representations and Warranties. The representations and
warranties  of the  Constituent  Corporations  set out herein shall  survive the
Merger Date.

         24. Arbitration

              24.1.  Scope.  The  parties  hereby  agree that any and all claims
(except only for requests for  injunctive  or other  equitable  relief)  whether
existing  now,  in the past or in the  future  as to which  the  parties  or any
affiliates may be adverse parties,  and whether arising out of this agreement or
from any other  cause,  will be  resolved  by  arbitration  before the  American
Arbitration Association.

              24.2.  Situs.  The  parties  hereby  irrevocably  consent  to  the
jurisdiction  of the  American  Arbitration  Association  and the  situs  of the
arbitration  within the State of Delaware at a time and place chosen by American
Arbitration Association. Any award in arbitration may be entered in any domestic
or foreign court having jurisdiction over the enforcement of such awards.

              24.3.  Applicable  Law. The law applicable to the  arbitration and
this agreement shall be that of the State of Delaware, determined without regard
to its provisions which would otherwise apply to a question of conflict of laws.
Any dispute as to the applicable law shall be decided by the arbitrator.

<PAGE>

Agreement and Plan of Merger                                      Page Number 10
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              24.4.  Disclosure  and  Discovery.  The  arbitrator  may,  in  its
discretion,  allow the parties to make  reasonable  disclosure  and discovery in
regard to any  matters  which are the subject of the  arbitration  and to compel
compliance  with such disclosure and discovery  order.  The arbitrator may order
the parties to comply with all or any of the disclosure and discovery provisions
of the Federal Rules of Civil Procedure,  as they then exist, as may be modified
by the  arbitrator  consistent  with the  desire to  simplify  the  conduct  and
minimize the expense of the arbitration.

              24.5.  Rule of Law.  Regardless of any practices of arbitration to
the contrary,  the arbitrator  will apply the rules of contract and other law of
the  jurisdiction  whose law applies to the  arbitration so that the decision of
the arbitrator will be, as much as possible, the same as if the dispute had been
determined by a court of competent jurisdiction.

              24.6.  Finality  and Fees.  Any award or decision by the  American
Arbitration  Association shall be final, binding and non-appealable except as to
errors of law. Each party to the arbitration shall pay its own costs and counsel
fees.

              24.7. Measure of Damages. In any adverse action, the parties shall
restrict  themselves to claims for  compensatory  damages and no claims shall be
made by any party or affiliate for lost profits, punitive or multiple damages.

              24.8.  Covenant  Not to Sue.  The parties  covenant  that under no
conditions  will any party or any  affiliate  file any action  against the other
(except only  requests for  injunctive or other  equitable  relief) in any forum
other than before the American  Arbitration  Association,  and the parties agree
that any such action, if filed, shall be dismissed upon application and shall be
referred  for  arbitration  hereunder  with  costs  and  attorney's  fees to the
prevailing party.

              24.9.  Intention.  It is the  intention  of the  parties and their
affiliates that all disputes of any nature between them, whenever arising,  from
whatever cause, based on whatever law, rule or regulation,  whether statutory or
common law, and however  characterized,  be decided by  arbitration  as provided
herein and that no party or affiliate be required to litigate in any other forum
any disputes or other  matters  except for requests for  injunctive or equitable
relief.  This agreement  shall be  interpreted  in conformance  with this stated
intent of the parties and their affiliates.

         25. General Provisions

              25.1.  Further  Assurances.  From time to time,  each  party  will
execute such  additional  instruments and take such actions as may be reasonably
required to carry out the intent and purposes of this Agreement.

              25.2.  Waiver.  Any failure on the part of either  party hereto to
comply with any of its obligations,  agreements,  or conditions hereunder may be
waived in writing by the party to whom such compliance is owed.

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Agreement and Plan of Merger                                      Page Number 11
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              25.3.  Brokers.  Each party agrees to indemnify  and hold harmless
the other  party  against  any fee,  loss,  or expense  arising out of claims by
brokers or finders employed or alleged to have been employed by the indemnifying
party.

              25.4.  Notices.  All  notices and other  communications  hereunder
shall be in  writing  and shall be deemed to have  been  given if  delivered  in
person or sent by prepaid first-class  certified mail, return receipt requested,
or recognized commercial courier service, as follows:

                  If to Chatsworth, to:

                  Chatsworth Acquisition Corporation
                  1504 R Street, N. W.
                  Washington, D.C.  20009

                  If to AmeriCom, to:

                  AmeriCom USA, Inc.
                  d/b/a TeleSpace
                  124 South Halcyon Road
                  Arroyo Grande, California  93420

         26.  Governing Law. This  Agreement  shall be governed by and construed
and enforced in accordance with the laws of the State of Delaware.

         27.  Assignment.  This Agreement  shall inure to the benefit of, and be
binding upon,  the parties hereto and their  successors  and assigns;  provided,
however,  that any assignment by either party of its rights under this Agreement
without the written consent of the other party shall be void.

         28. Counterparts.  This Agreement may be executed simultaneously in two
or more  counterparts,  each of which  shall be deemed an  original,  but all of
which together shall constitute one and the same instrument.  Signatures sent by
facsimile  transmission shall be deemed to be evidence of the original execution
thereof.

         29.  Effective  Date.  This effective  date of this Agreement  shall be
November 23, 1998.

<PAGE>

Agreement and Plan of Merger                                      Page Number 12
--------------------------------------------------------------------------------

                 Signature Page to Agreement and Plan of Merger
                 between Chatsworth Acquisition Corporation and
                               AmeriCom USA, Inc.

         IN WITNESS WHEREOF, the parties have executed this Agreement.

                                            CHATSWORTH ACQUISITION CORPORATION

                                            By:/s/ James Cassidy
                                               ---------------------------------
                                               President

                                            AMERICOM USA, INC.

                                            By:/s/ Robert M. Cezar
                                               ---------------------------------
                                                   CEO

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