EXHIBIT
      10.3

     

    SETTLEMENT
      AGREEMENT AND GENERAL RELEASE

    


    This
      SETTLEMENT AGREEMENT AND GENERAL RELEASE (the “Settlement Agreement”) is entered
      into as of March 30, 2007, by and between PlanetLink Communications, Inc.,
      a
      Georgia corporation (the “Company”) and Michael Fulda (the
      "Holder").

    


    WHEREAS,
      Holder is the owner of record of 1,041,667 shares of PlanetLink Communications,
      Inc. Series A Preferred Stock (the “Preferred Shares”);

    


    WHEREAS,
      the Company has determined that it would be in the best interest of PlanetLink
      Communications, Inc. to cancel the Preferred Shares;

    


    WHEREAS,
      the parties desire to cancel the Preferred Shares in consideration for $100,000
      paid to the Holder and the Holder’s release of any and all claims, if any,
      against the Company subject to the terms and conditions hereof;

    


    NOW
      THEREFORE, in consideration of the premises and the undertakings set forth
      herein, and intending to be fully bound hereby, the parties agree:

    


    1.
      Effective as of the date hereof, any and all agreements of whatever kind between
      the Company and the Holder are hereby cancelled and terminated and shall have
      no
      further force or effect. Neither the Company nor the Holder shall have any
      further rights or obligations under any such agreements with respect to payment
      or other obligations. Upon the payment of all amounts set out in Section 2
      below, the Holder shall deliver all certificates representing the Preferred
      Shares to Trombly Business Law at 1320 Centre Street, Suite 202, Newton, MA
      02459. 

    


    2.
      In
      satisfaction of any claims by or obligations to the Holder, including attorneys
      fees or costs, and for termination of the Agreement and delivery of Preferred
      Share certificates, the Company hereby agrees to pay to the Holder a total
      of
      $100,000 (the “Settlement Payment”) within 3 business days of receipt by the
      Company of this executed Settlement Agreement and upon receipt by the Company
      of
      the following:

    


    2.1 Written
      confirmation that the Holder will deliver Preferred Share certificates to
      Trombly Business Law at 1320 Centre Street, Suite 202, Newton, MA 02459;
      and

    


    2.2 Written
      confirmation that the Holder has not pledged, promised, loaned,  hedged,
      hypothecated or otherwise granted rights in the Preferred Shares to any
 other
      party; and

    


    2.3 A
      signed
      settlement agreement from Sean Fulda in substantially the same form as this
      Settlement Agreement.

    


    2.4 Additionally,
      the Holder shall deliver all Preferred Share certificates to the Company so
      that
      the Company may cancel the Preferred Shares.

    


    


    3.
      For
      and in consideration of such Settlement Payment by the Company, the Holder
      (for
      himself and his respective past, present and future administrators, affiliates,
      agents, assigns, attorneys, directors, employees, executors, heirs, insurers,
      parents, partners, predecessors, representatives, servants, successors,
      transferees, and all persons acting by, through, under or in concert with any
      of
      them) agrees to perform the obligations set forth in this Settlement Agreement
      and hereby absolutely and irrevocably releases, waives, relinquishes, renounces
      and discharges forever the Company and its past, present and future
      administrators, affiliates, agents, assigns, attorneys, directors, employees,
      employers, executors, heirs, insurers, officers, managers, parents, partners,
      predecessors, representatives, servants, shareholders, subpartners,
      subsidiaries, successors, transferees, underwriters, clients, customers, and
      each of them, and all persons acting by, through, under or in concert with
      any
      of them from any claims, obligations or amounts due to the Holder. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.
      This
      Agreement sets forth the entire agreement of the parties relating to the subject
      matter hereof and supersedes any other agreement verbal or written. Both the
      Company and the Holder acknowledge that they have consulted legal counsel
      regarding the contents and effect of this Settlement Agreement and that they
      are
      entering into this Settlement Agreement knowing that doing so will terminate
      their right to assert any legal claims against the other party in the
      future.

    


    5.
      This
      Settlement Agreement shall be governed by and construed in accordance with
      the
      laws of the State of Georgia, without regard to conflicts of laws principles
      that would result in the application of the substantive law of another
      jurisdiction. This Settlement Agreement may not be amended or modified except
      by
      an instrument in writing signed by each party.

    


    6. As
      further consideration for this Release, the Company and the Holder, for
      themselves and each of their respective successors and assigns, hereby agree,
      represent, and warrant that the matters released herein are not limited to
      matters that are known or disclosed, and the Company and the Holder hereby
      waive
      any and all rights and benefits that they now have or in the future may have
      conferred upon them by virtue of the provisions of Section 1542 of the Civil
      Code of the State of California (or any other statute or common law principles
      of similar effect), which Section provides as follows:

    


    A
      GENERAL
      RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
      TO
      EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY
      HIM
      MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR

    


    In
      this
      connection, the Company and the Holder hereby agree, represent, and warrant
      that
      they realize and acknowledge that factual matters now unknown to them may have
      given or may hereafter give rise to causes of action, claims, demands, debts,
      controversies, damages, costs, losses, and expenses that are presently unknown,
      unanticipated, and unsuspected, and they further agree, represent, and warrant
      that this Release has been negotiated and agreed upon in light of that
      realization and that, except as expressly limited above, they nevertheless
      hereby intend to release, discharge, and acquit each other from any such unknown
      causes of action, claims, demands, debts, controversies, damages, costs, losses,
      and expenses.

    


    THE
      PARTIES AGREE THIS RELEASE MAY BE DELIVERED AND/OR RETURNED BY TELEPHONE
      FACSIMILE IN ONE OR MORE COUNTERPART COPIES, AND THE PARTIES MAY RELY UPON
      THE
      SIGNATURES HERETO WHETHER IN ORIGINAL OR FACSIMILE COPY.

     

    Dated:
      March 30, 2007

    
      
        	 	 	 	 	 
	By: 	Holder 	 	 	 
	 	 	 	 	 
	By: 	/s/
                Michael Fulda	 	 	
              
	 	
                

                Name:
                  Michael Fulda

              	 	 	
              
	 	
              	 	 	 


      

      
        
          	By: 	PlanetLink Communications, Inc.
                  and duly
                  authorized to sign:	 	 	 
	 	 	 	 	 
	By: 	/s/
                  M. Dewey Bain	 	 	
                
	 	
                  

                  
                    Name:
                      M. Dewey Bain

                  

                	 	 	
                
	 	
                  
                    Title:
                      Chief Executive Officer