Document:

AMENDMENT TO LEASE

      THIS AMENDMENT TO LEASE (the "Amendment") is made and entered into by and
between IBIS PLAZA LLC, a New Jersey Limited Liability Company (the "Landlord")
and LASER ENERGETICS, INC. a Corporation of the State of Florida, (the
"Tenant").

                            INTRODUCTORY STATEMENTS:

      A. By lease executed on May 23, 2005 (the "Lease"), Landlord leased to
Tenant and Tenant hired from Landlord certain Premises designated as Suite 700
in the building known as Ibis Plaza North, 3535 Quakerbridge Road, Hamilton, NJ
08619 more particularly described in the Lease.

      B. The parties desire to amend the Lease to extend the Term thereof.

      C. Terms not specifically defined herein shall have the meanings given to
them in the Lease.

      NOW, THEREFORE, in consideration of the foregoing, the parties agree that
the Lease is hereby amended as follows, effective upon execution and delivery of
this Amendment by both parties:

      1. Section A.7 of Article I is amended to read as follows: Term: Three (3)
years, commencing on October 1, 2005 and ending on September 30, 2008.

      2. In addition Tenant agrees to pay to the Landlord upon signing of this
document a sum of $3,125.00 (three thousand one hundred twenty five dollars) as
a one-time payment for this amendment.

      3. Tenant agrees that the Lease is in full force and effect, that no
default by Landlord, or condition which with the giving of notice and expiration
of time could become a default by Landlord, presently exists and that Landlord
has to date performed all of its obligations under the Lease.

      4. Except and as amended hereby, the Lease remains in full force and
effect. The parties have executed this Amendment this 2nd day of September,
2005.

WITNESS:                                         IBIS PLAZA LLC

                                                 By:
----------------------------                         ---------------------------
                                                     Christopher Jerjian

WITNESS:                                         LASER ENERGETICS, INC.

                                                 By: /s/ Robert D. Battis
----------------------------                         ---------------------------
                                                     Robert D. BattisSUBSCRIBER: T. H. LOOMIS

LASER ENERGETICS, INC.
3535 Quakerbridge Road, Suite 601
Mercerville, New Jersey 08619

                             SUBSCRIPTION AGREEMENT

      T. H. LOOMIS, hereby agrees to purchase an aggregate of 301,204.8 shares
of Class A Common Stock, par value $0.001 per share (the "Shares"), of Laser
Energetics, Inc., an Oklahoma corporation (the "Company"), for an aggregate
purchase price of $25,000 (the "Offer"). The above reflects the Company's
3.4018426555 for one stock split effected on or about July 20, 2005. The Offer
is part of a private placement offering (the "Private Placement") by the Company
to raise up to an aggregate of $5,000,000 (the "Maximum Private Placement") at
the same purchase price of $0.083 per Share as in the Offer.

1.    I hereby represent the following:

      (a) I have been given the opportunity to ask questions of and receive
answers from Company management concerning the Company, the Shares and the Offer
and to examine such books, records and other documents of the Company as I have
desired.

      (b) I have sought such legal, accounting, business and tax advice as I
have considered necessary to make an informed investment decision regarding the
Offer.

      (c) I am familiar with the past and proposed activities of the Company,
recognize that the Company has only 6 years of operating history in the business
activities in which it proposes to engage, and realize that an investment in the
Shares involves a high degree of risk.

      (d) I have sufficient knowledge and experience in financial and business
matters to be capable of evaluating the merits and risks of the prospective
investment in the Shares and of making an informed investment decision with
respect thereto.

2.    I hereby acknowledge that, except as set forth in Section 3 below:

      (a) there will be no public market for the Shares;

      (b) it may not be possible to readily liquidate my investment;

      (c) the Shares have not been registered under the Securities Act of 1933
(the "'33 Act") or the applicable State law based on the exemptions from
registration contained in Section 4(2) of the '33 Act or Rule 506 promulgated
thereunder, and the Company is relying in part on the truthfulness of my
respresentations contained herein (including without limitation ss. 4 hereof) in
determining the availability of such exemptions from registration;

<PAGE>

      (d) The Company does not intend to register the Shares under the '33 Act
or to supply the information required to enable me to make a sale of the Shares
under Rule 144 promulgated under the Act;

      (e) the Shares are subject to restrictions on transferability and resale
and may not be transferred or resold except as permitted under the '33 Act and
applicable State law, pursuant to registration or exemption therefrom; and

      (f) neither the Securities and Exchange Commission nor the securities
commissioner of the applicable State has recommended or endorsed the purchase of
the Shares.

3. Subject to my execution of all Lock-up Agreements (as defined below), the
Company agrees to file a registration statement on Form SB-2 covering the
re-sale of the Shares with the Securities and Exchange Commission, if and when
the Company files a registration statement on Form SB-2 covering the re-sale of
the shares of Class A Common Stock of the Company held by iVoice, Inc.
Contemporaneously with the execution of this Subscription Agreement, I agree to
execute the Lock-Up Agreement in the form of Exhibit "A" attached hereto, and
agree to execute such other agreement restricting the transfer of the Shares as
required by Cornell Capital Partners, LP, or any of its successors or assigns or
substituted lenders or investors of the Company (collectively, the "Lock-up
Agreements").

4. I represent and warrant that I am an "Accredited Investor" as defined in Rule
501(a) of Regulation D because (check applicable item):

            |X| My net worth, or the joint net worth of myself and my spouse,
currently exceeds $1,000,000 and will exceed $1,000,000 at the time of purchase
of the Shares;

            |_| My individual pre-tax income (exclusive of my spouse's income)
exceeded $200,000 in each of the last two years, or the joint income of myself
and my spouse exceeded $300,000 in each of the last two years, and I, or my
spouse and I, reasonably expect to reach such an income level in the current
year; or

            |_| The undersigned is a domestic bank, whether acting in its
individual fiduciary capacity; a domestic insurance company; an investment
company registered under the Investment Company Act of 1940 (the "1940 Act"), or
business development company as defined in the 1940 Act; a Small Business
Investment Company licensed by the U.S. Small Business Administration; an
employee benefit plan within the meaning of Title 1 of the Employee Retirement
Income Security Act of 1974, if the investment decision is made by a plan
fiduciary which is either a bank, savings and loan association, insurance
company, or registered investment advisor, or if the employee benefit plan has

<PAGE>

total assets in excess of $5,000,000, or if a self-directed plan, with
investment decisions made solely by persons that meet the qualifications of (a)
above, a private business development company as defined in Section 202(a)(22)
of the Investment Advisors Act of 1940; an entity described in Section 501(c)(3)
of the Internal Revenue Code, not formed for the purpose of acquiring the
securities offered, with total assets in excess of $5,000,000; or a trust, with
total assets in excess of $5,000,000, not formed for the specific purpose of
acquiring the securities offered, whose purchase is directed by a sophisticated
person.

5. I am a legal resident of the state listed as my "Mailing Address" on the
signature page of this Subscription Agreement.

6. I am acquiring the Shares purely for investment purposes for my own account
and not for resale or distribution, and I have not entered into any other
agreement, understanding, commitment or other arrangement with any person
regarding transfer of the Shares.

7. I will promptly execute such other instruments or documents as the Company's
management may reasonably require in connection with a purchase of the Shares,
and I will promptly provide all personal and financial information which the
Company's management deems necessary or appropriate in connection with a
purchase of the Shares.

8. I understand that this Offer has not been reviewed by the Securities and
Exchange Commission or the securities regulatory authorities of the applicable
State. All documents, records and books pertaining to this investment have been
made available for inspection by me and my attorneys, accountants, business
advisors and tax advisors, and I understand that the books and records of the
Company will be available for inspection by investors and their advisors.

9. This Subscription Agreement shall be governed by and construed in accordance
with the laws of the State of New York.

10. The provisions of this Subscription Agreement may not be modified or waived
except in writing signed by me and the Company.

11. I understand that there are 107,892,827 shares of Class A Common Stock and
3,025,000 shares of Class B Common Stock issued and outstanding immediately
prior to the Private Placement, and there could be up to an additional
60,240,964 shares of Class A Common Stock outstanding assuming the completion of
the Maximum Private Placement. I acknowledge that as a shareholder of the
Company I will not have any preemptive rights with regard to additional
securities to be issued by the Company and that accordingly my proportional
share of the outstanding shares of the Common Stock will decrease following each
new issuance of Common Stock by the Company.

12. I have not and will not rely on any representations or warranties other than
those contained herein.

13. This Subscription Agreement contains the entire agreement between the
parties. Provisions of this Subscription Agreement may not be modified or

<PAGE>

waived, except in a writing signed by both parties.

                  [Remainder of page intentionally left blank]

<PAGE>

      IN WITNESS WHEREOF, the undersigned have executed this Subscription
Agreement as of the 9 day of Sept, 2005.

                                    Signature of Subscriber

                                    /s/ T H Loomis
                                    --------------------------------------------

                                    Print name: T H Loomis
                                                --------------------------------

                                    material omitted pursuant to
                                    --------------------------------------------
                                    Street Address

                                    confidentiality request
                                    --------------------------------------------
                                    City, State, Zip Code

                                    --------------------------------------------
                                    Telephone Number

                                    --------------------------------------------
                                    Social Security or Tax Identification Number

Subscription accepted and agreed to:
LASER ENERGETICS, INC.

By: /s/ Robert D. Battis
    --------------------------------
    Robert D. Battis
    President/CEO

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