X0202 4 2005-02-14 0001077800 TECHNEST HOLDINGS INC THNS 0001102833 MARKLAND TECHNOLOGIES INC 90 GROVE STREET, SUITE 205 RIDGEFIELD, CT 06877 0 0 1 0 Common Stock 2005-02-14 2005-02-14 4 A 0 412650577 7000000.00 A 412650577 D Securities acquired pursuant to a Securities Purchase Agreement between Markland Technologies, Inc. and Technest Holdings, Inc. dated February 14, 2005. The Securities Purchase Agreement between Markland Technologies, Inc. and Technest Holdings, Inc. dated February 14, 2005, and attached to our Current Report on Form 8-K filed on February 15, 2005, provides us a right of first refusal should their ownership in Technest Holdings, Inc. fall below certain levels. Therefore, Markland Technologies, Inc. may have a contractual right to acquire additional shares of in the future. /s/ Robert Tarini, CEO & Chairman of the Board of Directors 2005-02-14