0001019687-06-001946 Sample Contracts

SETTLEMENT AGREEMENT
Settlement Agreement • August 16th, 2006 • Telkonet Inc • Communications services, nec • New York

SETTLEMENT AGREEMENT (the "Agreement"), dated as of August 14, 2006, by and between Telkonet, Inc., a Utah corporation with headquarters located at 20374 Seneca Meadows Parkway, Germantown, Maryland 20876 (the "Company") and Portside Growth and Opportunity Fund (the "Investor").

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