ex10_1.htm


    
      

    

    


    LETTER
      OF INTENT

    


    October
      25, 2007

    


    ATTN:

    Mr.
      Robert Lott, Manager

    Pluginz,
      LLC

    


    


    RE:
      Acquisition of DnC Multimedia, Inc.

    


    Dear
      Mr.
      Lott:

    


    The
      purpose of this letter of Intent
      (the “Letter”) is to set forth certain understandings between Pluginz, LLC, a
      California limited liability company (hereafter referred to as “Pluginz, LLC”)
      and Planetlink Communications, Inc., a Georgia corporation (“Planetlink”),
      Planettraks Inc., a Nevada corporation and wholly-owned subsidiary of Planetlink
      (“Planettraks”) with respect to the acquisition of 100% of the capital stock of
      DnC Multimedia, Inc. (“DnC”).

    


    
      	
            	
              1.

            	
              Acquisition. Planettraks,
                will seek to acquire 100% of the capital stock of DnC from Pluginz,
                LLC in
                exchange for Planetlink restricted shares.  The new management
                team is anticipated to be as
                follows:

            


    

    


    Management
      Team

    
      	
               

            	
              Chairman:

            	
              Chris
                Piercy

            


    

    
      	
               

            	
              CEO/Director:

            	
              Robert
                Lott

            


    

    
      	
               

            	
              CFO/Director:

            	
              Robert
                Lau

            


    

    
      	
               

            	
              CTO/Director:

            	
              Hanseo
                Park

            


    

    
      	
               

            	
              Consultant/Director:

            	
              M.
                Dewey Bain

            


    

     

    
      	
               

            	
              2.

            	
              Effective
                Date.  This Letter of Intent is effective as of
                October 25, 2007.

            


    

    


    
      	
               

            	
              3.

            	
              Closing
                Date. The closing date will be within 14 days from the date
                this agreement is signed by both parties, unless mutually extended
                in
                writing.

            


    

    


    
      	
               

            	
              4.

            	
              Proposed
                Definitive Agreement. Planetlink, Planettraks, and DnC intend
                promptly to reach a written Definitive Agreement, the execution of
                which
                would be subject to the approval of Planetlink’s board of directors,
                containing comprehensive representations, warranties, identities,
                conditions and agreements by the parties. It is anticipated that
                the
                definitive agreement will be completed by the proposed closing date,
                unless an extension is granted and submitted to each party in
                writing.

            


    

    


    
      	
               

            	
              5.

            	
              Access.
                Each party shall provide access to its facilities, books and records
                and
                shall cause accountants and other agents and representatives
                (collectively, “Representatives”) to cooperate fully with the other
                party’s review of its assets, contracts, liabilities, operations, records
                and other aspects of their business relating to the proposed
                transaction.

            


    

    


    
      	
               

            	
              6.

            	
              Fees
                and Expense. Planetlink and Planettraks are responsible for
                all of their fees and expenses relating to its due diligence, audits,
                legal, SEC or other costs associated with the proposed transaction.
                DnC is
                responsible for all of its fees and expenses relating to the proposed
                transaction.

            


    

    


    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    
      	
               

            	
              7.

            	
              Governing
                Law. The binding provisions shall be governed by and
                construed in accordance with the laws of the State of
                Georgia.

            


    

    


    Please
      sign and date this letter in the space provided below to confirm the mutual
      agreements set forth in this binding letter of intent and return a signed copy
      to the undersigned.

    


    Best
      Regards,

    


    Dewey
      Bain

    Chief
      Executive Officer

    Planetlink
      Communications, Inc.

    


    


    
      	
              By:

            	 	 
	
              Name:
                Dewey Bain 

            
	
              Title:
                Chief Executive Officer, Planetlink Communications, Inc. 

            
	 	 	 
	 	 	 
	
              By:

            	 	 
	
              Name:
                Robert Lott 

            
	
              Title:
                Manager, Pluginz, LLC 

            
	 	 	 
	 	 	 
	
              By:

            	 	 
	
              Name:
                Hanseo Park 

            
	
              Title:
                Chief Executive Officer, DnC Multimedia, Inc.