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EX-10.1 - INDUSTRIAL LEASE AGREEMENT - ACCEL BRANDS, INC.tn_ex10z1.htm


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


___________________________________________


FORM 8-K


CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported):   December 7, 2011


TECHNEST HOLDINGS, INC.

(Exact Name of Registrant as Specified in Charter)


Nevada

 

000-27023

 

88-0357272

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)


10411 Motor City Drive, Suite 650, Bethesda, MD 20817


(Address of principal executive offices) (Zip Code)


10411 Motor City Drive, Suite 650, Bethesda, MD 20817


(Mailing Address)


(301) 767-2810

(Registrant’s telephone number, including area code)


N/A

(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below).


¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





ITEM 1.01

Entry into Material Definitive Agreements


On December 7, 2011, Technest Holdings, Inc. and Technest, Inc. entered into a one-year lease agreement with PS Business Parks, L.P., a California Limited Partnership, to lease 1,957 square feet in Gaithersburg, Maryland beginning on January 1, 2012. The monthly lease payments for this lease total $2,000. Technest will be moving its offices in Bethesda, Maryland to this new facility.


The above description summarizes the material terms of the lease agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. For further information on the lease agreement, please refer to Exhibit 10.1.


ITEM 9.01

Financial Statements and Exhibits


 

(d) Exhibits


Exhibit

No.

Description

Filed with this

Current Report on

Form 8-K

 

 

 

10.1

Industrial Lease Agreement among Technest Holdings, Inc., Technest, Inc. and PS Business Parks, L.P. dated December 7, 2011.

X





SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 

TECHNEST HOLDINGS, INC.

 

 

 

 

By:

        /s/ Shekhar Wadekar

 

 

              Chief Executive Officer


Date:  December 13, 2011


 




EXHIBIT INDEX


Exhibit

No.

Description

Filed with this

Current Report on

Form 8-K

 

 

 

10.1

Industrial Lease Agreement among Technest Holdings, Inc., Technest, Inc. and PS Business Parks, L.P. dated December 7, 2011.

X