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EXHIBIT 10.2 AGREEMENT TO TERMINATE LEASES

Lease Termination Agreement

EXHIBIT 10.2 AGREEMENT TO TERMINATE LEASES | Document Parties: MARKLAND TECHNOLOGIES INC | Southridge Holdings LLC  | Technest Holdings, Inc You are currently viewing:
This Lease Termination Agreement involves

MARKLAND TECHNOLOGIES INC | Southridge Holdings LLC | Technest Holdings, Inc

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Title: EXHIBIT 10.2 AGREEMENT TO TERMINATE LEASES
Date: 10/7/2005
Industry: Security Systems and Services    

EXHIBIT 10.2 AGREEMENT TO TERMINATE LEASES, Parties: markland technologies inc , southridge holdings llc  , technest holdings  inc
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                                                                                                                                                                                                                            EXHIBIT 10.2

AGREEMENT TO TERMINATE LEASES

 

 

 

THIS AGREEMENT (this " Agreement "), dated as of October 4, 2005, by and among Markland Technologies, Inc., a Florida corporation (the " Company "), Technest Holdings, Inc., a Nevada corporation ("Technest") and Southridge Holdings LLC ("Holdings").

 

W I T N E S S E T H  T H A T:

 

WHEREAS, the parties wish to terminate certain real estate leases with respect to certain commercial office space located in Ridgefield, Connecticut (the "Leases").

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties, intending to be legally bound by this Agreement, agree as follows:

 

1.

Termination.  The Leases are hereby terminated as of the date of this Agreement.  As consideration for early termination, the Company and Technest ag


 
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