Settlement Agreement by and between the Company and Benjamin Securities, Inc., dated October 2, 2024

Exhibit 10.14

SETTLEMENT AGREEMENT

Date: October 2, 2024

This Settlement Agreement (“Settlement Agreement”) is entered into as of date first set forth above between ConnectM Technology Solutions, Inc. (“ConnectM”), Monterey Capital Acquisition Corporation (“MCAC”) and Bala Padmakumar (collectively, the “ConnectM Parties”), jointly and severally, and Benjamin Securities, Inc. (“Benjamin”). Hereinafter, the ConnectM Parties and Benjamin are collectively referred to as the “Parties”.

WHEREAS, ConnectM and MCAC on the one hand, and Benjamin on the other hand, entered into that certain Capital Markets Advisory Agreement on June 26, 2024, as amended on July 12, 2024 (the “Advisory Agreement”); and

WHEREAS, pursuant the Advisory Agreement ConnectM and MCAC agreed but failed to pay Benjamin as contractually required the sum of $525,000, representing the principal balance due to Benjamin for services Benjamin rendered pursuant thereto (the “Contract Balance”); and

WHEREAS, ConnectM’s and MCAC’s breach of the Advisory Agreement continues unabated; and

WHEREAS, due to ConnectM’s and MCAC’ breach Benjamin has also suffered additional damages, cost and expense; and

WHEREAS. Benjamin has commenced a lawsuit against the ConnectM Parties now pending in the Supreme Court of the State of New York, County of New York, bearing Index No. 157042//2024 (the “Litigation”); and

WHEREAS, the Parties wish to resolve the Litigation on the terms and conditions set forth in this Settlement Agreement;

NOW THEREFORE, the Parties mutually agree as follows:

Time is of the essence for the Initial Payment and Settlement Balance Payment. Any payments in respect of the Settlement Balance Payment shall first be applied to payment of accumulated unpaid interest.

The ConnectM Parties, on behalf of themselves, their directors, officers, predecessors, successors, and affiliates, release each of the ConnectM Parties, their affiliates, directors, officers, agents, servants, personnel and representatives, from all known and unknown charges, complaints, actions, suits, claims, causes of action, sums of money, damages, judgments, executions and demands, in law and/or in equity, which any of them had or now have, actual or claimed, for, upon or by reason of any matter, cause or thing from the beginning of the world through and including the date of full payment of the Settlement Balance Payment.

IN WITNESS WHEREOF, the Parties have signed under seal as of the date first set forth above.

IN WITNESS WHEREOF, the Parties have signed under seal as of the date first set forth above.