<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Employee">
<META NAME="date" CONTENT="09/20/2005">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin-top:0pt; margin-bottom:30pt; font-family:Times New Roman" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin-top:0pt; margin-bottom:30pt; font-family:Times New Roman" align=center><B>___________________________________________</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>PURSUANT TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman" align=center>Date of Report (Date of earliest event reported): &nbsp;September 20, 2005</P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>MARKLAND TECHNOLOGIES, INC.</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Exact Name of Registrant as Specified in Charter)</I></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=212.8><P style="margin:0pt; padding-bottom:3pt; font-family:Times New Roman; border-bottom:0.5pt solid #000000" align=center><B>Florida</B></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; padding-bottom:3pt; font-family:Times New Roman; border-bottom:0.5pt solid #000000" align=center><B>000-28863</B></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; padding-bottom:3pt; font-family:Times New Roman; border-bottom:0.5pt solid #000000" align=center><B>84-1331134</B></P>
</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; font-family:Times New Roman" align=center><I>(State or other jurisdiction</I></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>of incorporation)</I></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; font-family:Times New Roman" align=center><I>(Commission</I></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>File Number)</I></P>
</TD><TD valign=top width=212.8><P style="margin:0pt; font-family:Times New Roman" align=center><I>(IRS Employer</I></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>Identification Number)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-family:Times New Roman"><I><BR></I></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88 Royal Little Drive, Providence, RI &nbsp;02904</U></B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><I>&nbsp;(Address of principal executive offices) (Zip Code)</I></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B><U>276 Washington Street, No. 367, &nbsp;Boston, MA 02108</U></B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><I>(Mailing Address)</I></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B>(617) 973-5104</B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Registrant&#146;s telephone number, including area code)</I></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><B><U>N/A</U></B></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><I>(Former Name or Former Address, if Changed Since Last Report)</I></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">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).</P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">[ ] &nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">[ ] &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">[ ] &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin-top:0pt; margin-bottom:12pt; font-family:Times New Roman">[ ] &nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 1.01</B></P>
<P style="margin:0pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Entry Into a Material Definitive Agreement</B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 2.03</B></P>
<P style="margin:0pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Creation of a Direct Financial Obligation</B></P>
<P style="margin-top:0pt; margin-bottom:-13pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Item 3.02</B></P>
<P style="margin:0pt; text-indent:72pt; line-height:13pt; font-family:Times New Roman; font-size:11pt"><B>Unregistered Sales of Equity Securities</B></P>
<P style="margin:0pt; font-family:Times New Roman"><B><BR></B></P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=justify>On September 20, 2005, Markland Technologies, Inc. entered into an agreement with DKR Soundshore Oasis Holding Fund,
Ltd. and DKR Soundshore Strategic Holding Fund, Ltd. (the &#147;DKR entities&#148;), the holders of Markland&#146;s currently outstanding September 21, 2004 Secured 8% Convertible Notes (the &#147;Notes&#148;), to extend the maturity date of the Notes for ninety (90) days. &nbsp;The Notes were due on September 21, 2005. &nbsp;The Notes are now due on December 20, 2005. &nbsp;As of September 20, 2005, the principal amount currently outstanding on these Notes is $2,523,750.</P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">As consideration for the extension of the maturity date of the Note, Markland agreed to issue to the DKR entities secured convertible promissory notes identical in all respects to the Notes, but for the fact that the maturity date of such notes is January 20, 2006. &nbsp;The form of the Notes was filed as Exhibit 99.4 to Markland&#146;s Current Report on Form 8-K on September 23, 2004 (File No. 000-28863) (the &#147;8-K&#148;). &nbsp;The original principal amount for the note to DKR Soundshore Oasis Holding Fund,
Ltd. is $224,700 and the original principal amount for the note to DKR Soundshore Strategic Holding Fund,
Ltd. is $52,675 (collectively, the &#147;New Notes&#148;). &nbsp;The New Notes have all the rights and preferences of the Notes as set forth in the Securities Purchase Agreement, dated September 21, 2004, between Markland and the investors signatory thereto, which was filed as Exhibit 99.1 to the 8-K. &nbsp;Markland also agreed to prepare and file with the Securities and Exchange Commission a registration statement on Form SB-2 covering the resale of the shares of Markland common stock, $.0001 par value per share, issuable upon conversion of the New Notes (the &#147;Underlying Stock&#148;). &nbsp;The Underlying Stock is deemed Registrable Securities as defined in the Registration Rights Agreement, dated September 21, 2004, between Markland and the investors signatory thereto, which was filed as Exhibit 99.3 to the 8-K, and afforded all the rights and obligations of Registrable Securities, provided, however, that the Filing Date (as defined in the aforementioned Registration Rights Agreement) of the registration statement on Form SB-2 covering the resale of the Underlying Stock shall be no later than October 17, 2005.</P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; line-height:13pt; font-family:Times New Roman; font-size:11pt">Markland also entered into a
stock pledge agreement (the &#147;Pledge Agreement&#148;) with the DKR entities pursuant to which Markland pledged 3,000,000 shares of Technest
Holdings, Inc. Common Stock currently owned by Markland to secure Markland&#146;s obligations under the New Notes. &nbsp;The Pledge Agreement is filed as Exhibit 10.3 hereto.</P>
<P style="margin-top:0pt; margin-bottom:11pt; text-indent:36pt; font-family:Times New Roman; font-size:11pt"><BR>
<BR></P>
<P style="margin:0pt; text-indent:232.9pt; line-height:14pt; font-family:Times New Roman; font-size:9pt"><BIG>2</BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman"><B>Item 9.01</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:72pt; font-family:Times New Roman"><B>Financial Statements and Exhibits</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman"><B>(c) Exhibits</B></P>
<B><P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman"><BR></P></B>
<TABLE style="font-size:10pt" cellspacing=0><TR>
	<TD style="border:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center>Exhibit No.</P>
</TD>
	<TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center>Description</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">10.1</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Agreement between Markland Technologies, Inc. and DKR Soundshore Oasis Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">10.2</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Agreement between Markland Technologies, Inc. and DKR Soundshore Strategic Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">10.3</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Stock Pledge Agreement by and among Markland Technologies, Inc., DKR Soundshore Oasis Holding Fund,
	Ltd. and DKR Soundshore Strategic Holdings Fund, Ltd. dated September 20, 2005. &nbsp;Filed herewith.</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B><BR>
<BR></B></P>
<P style="margin:0pt; text-indent:232.9pt; line-height:14pt; font-family:Times New Roman; font-size:9pt"><BIG>3</BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="page-break-before:always; margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman">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. </P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman"><B>MARKLAND TECHNOLOGIES, INC.</B></P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman">By: &nbsp;<U>&nbsp;&nbsp;&nbsp;/s/ Robert Tarini &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-left:216pt; text-indent:18pt; font-family:Times New Roman">Robert Tarini</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:216pt; font-family:Times New Roman">&nbsp;</P>
<P style="margin:0pt; padding-left:216pt; text-indent:18pt; font-family:Times New Roman">Chief Executive Officer</P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; font-family:Times New Roman">&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman">Date: &nbsp;September 20, 2005</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR>
<BR></P>
<P style="margin:0pt; text-indent:232.9pt; line-height:14pt; font-family:Times New Roman; font-size:9pt"><BIG>4</BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<B><P style="page-break-before:always; margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman"><BR></B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center><B>EXHIBIT INDEX</B></P>
<B><P style="margin-top:0pt; margin-bottom:10pt; text-indent:36pt; font-family:Times New Roman"><BR></B></P>
<TABLE style="font-size:10pt" cellspacing=0><TR>
	<TD style="border:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center>Exhibit No.</P>
</TD>
	<TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman" align=center>Description</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">10.1</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Agreement between Markland Technologies, Inc. and DKR Soundshore Oasis Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">10.2</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Agreement between Markland Technologies, Inc. and DKR Soundshore Strategic Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=61.2><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">10.3</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=534><P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman">Stock Pledge Agreement by and among Markland Technologies, Inc., DKR Soundshore Oasis Holding Fund,
	Ltd. and DKR Soundshore Strategic Holdings Fund, Ltd. dated September 20, 2005. &nbsp;Filed herewith.</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><BR>
<BR></P>
<P style="margin:0pt; text-indent:232.9pt; line-height:14pt; font-family:Times New Roman; font-size:9pt"><BIG>5</BIG></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "mrkl8kdkrstockpledge.htm", "description": "MAIN DOCUMENT", "secsgml_size_bytes": 17918}]
{"company-data": {"conformed-name": "MARKLAND TECHNOLOGIES INC", "cik": "0001102833", "assigned-sic": "3829", "irs-number": "841331134", "state-of-incorporation": "FL", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28863", "film-number": "051094017"}, "business-address": {"street1": "54 DANBURY ROAD", "street2": "#207", "city": "RIDGEFIELD", "state": "CT", "zip": "06877", "phone": "203-894-9700"}, "mail-address": {"street1": "54 DANBURY ROAD", "street2": "#207", "city": "RIDGEFIELD", "state": "CT", "zip": "06877"}, "former-company": [{"former-conformed-name": "QUEST NET CORP", "date-changed": "20000320"}, {"former-conformed-name": "PARPUTT ENTERPRISES INC", "date-changed": "20000107"}]}
SECURITIES AND EXCHANGE COMMISSION
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):  September 20, 2005
MARKLAND TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
Florida
000-28863
84-1331134
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
88 Royal Little Drive, Providence, RI  02904
(Address of principal executive offices) (Zip Code)
276 Washington Street, No. 367,  Boston, MA 02108
(Mailing Address)
(617) 973-5104
(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 a Material Definitive Agreement
Item 2.03
Creation of a Direct Financial Obligation
Item 3.02
Unregistered Sales of Equity Securities
On September 20, 2005, Markland Technologies, Inc. entered into an agreement with DKR Soundshore Oasis Holding Fund,
Ltd. and DKR Soundshore Strategic Holding Fund, Ltd. (the "DKR entities"), the holders of Markland's currently outstanding September 21, 2004 Secured 8% Convertible Notes (the "Notes"), to extend the maturity date of the Notes for ninety (90) days.  The Notes were due on September 21, 2005.  The Notes are now due on December 20, 2005.  As of September 20, 2005, the principal amount currently outstanding on these Notes is $2,523,750.
As consideration for the extension of the maturity date of the Note, Markland agreed to issue to the DKR entities secured convertible promissory notes identical in all respects to the Notes, but for the fact that the maturity date of such notes is January 20, 2006.  The form of the Notes was filed as Exhibit 99.4 to Markland's Current Report on Form 8-K on September 23, 2004 (File No. 000-28863) (the "8-K").  The original principal amount for the note to DKR Soundshore Oasis Holding Fund,
Ltd. is $224,700 and the original principal amount for the note to DKR Soundshore Strategic Holding Fund,
Ltd. is $52,675 (collectively, the "New Notes").  The New Notes have all the rights and preferences of the Notes as set forth in the Securities Purchase Agreement, dated September 21, 2004, between Markland and the investors signatory thereto, which was filed as Exhibit 99.1 to the 8-K.  Markland also agreed to prepare and file with the Securities and Exchange Commission a registration statement on Form SB-2 covering the resale of the shares of Markland common stock, $.0001 par value per share, issuable upon conversion of the New Notes (the "Underlying Stock").  The Underlying Stock is deemed Registrable Securities as defined in the Registration Rights Agreement, dated September 21, 2004, between Markland and the investors signatory thereto, which was filed as Exhibit 99.3 to the 8-K, and afforded all the rights and obligations of Registrable Securities, provided, however, that the Filing Date (as defined in the aforementioned Registration Rights Agreement) of the registration statement on Form SB-2 covering the resale of the Underlying Stock shall be no later than October 17, 2005.
Markland also entered into a
stock pledge agreement (the "Pledge Agreement") with the DKR entities pursuant to which Markland pledged 3,000,000 shares of Technest
Holdings, Inc. Common Stock currently owned by Markland to secure Markland's obligations under the New Notes.  The Pledge Agreement is filed as Exhibit 10.3 hereto.
2
Item 9.01
Financial Statements and Exhibits
(c) Exhibits
Exhibit No.
Description
10.1
Agreement between Markland Technologies, Inc. and DKR Soundshore Oasis Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.
10.2
Agreement between Markland Technologies, Inc. and DKR Soundshore Strategic Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.
10.3
Stock Pledge Agreement by and among Markland Technologies, Inc., DKR Soundshore Oasis Holding Fund,
	Ltd. and DKR Soundshore Strategic Holdings Fund, Ltd. dated September 20, 2005.  Filed herewith.
3
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.
MARKLAND TECHNOLOGIES, INC.
By:
/s/ Robert Tarini
Robert Tarini
Chief Executive Officer
Date:  September 20, 2005
4
EXHIBIT INDEX
Exhibit No.
Description
10.1
Agreement between Markland Technologies, Inc. and DKR Soundshore Oasis Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.
10.2
Agreement between Markland Technologies, Inc. and DKR Soundshore Strategic Holding Fund,
	Ltd. dated September 20, 2005. Filed herewith.
10.3
Stock Pledge Agreement by and among Markland Technologies, Inc., DKR Soundshore Oasis Holding Fund,
	Ltd. and DKR Soundshore Strategic Holdings Fund, Ltd. dated September 20, 2005.  Filed herewith.
5