Document:

FORBEARANCE AGREEMENT

      THIS FORBEARANCE AGREEMENT ("Agreement"), made and entered into as of the
20th day of December, 2005, by and among Laser Energetics, Inc., an Oklahoma
corporation ("LEI(Oklahoma)"), Laser Energetics, Inc., a Florida corporation
("LEI (Florida)") (LEI(Oklahoma) and LEI(Florida) are hereinafter collectively
referred to as the "Borrower"), and THE ESTATE OF SIDNEY DWORKIN, and MARC
DWORKIN and ELLIOTT DWORKIN (collectively, "Creditors").

                                    RECITALS

      A. LEI (Florida) made, executed and delivered to Creditors: (i) that
certain promissory note dated March 1, 1999, made payable to the order of Sidney
Dworkin in the original principal amount of $342,500.00 ("Sidney Note 1"); (ii)
that certain promissory note dated July 7, 1999, made payable to the order of
Sidney Dworkin in the original principal amount of $250,000.00 ("Sidney Note
2"); (iii) that certain promissory note dated August 1, 1999, made payable to
the order of Sidney Dworkin in the original principal amount of $113,228.00
("Sidney Note 3"); (iv) that certain promissory note dated August 13, 1999, made
payable to the order of Sidney Dworkin in the original principal amount of
$40,000.00 ("Sidney Note 4"); that certain promissory note dated September 14,
1999, made payable to the order of Sidney Dworkin in the original principal
amount of $30,000.00 ("Sidney Note 5"; Sidney Note 1, Sidney Note 2, Sidney Note
3, Sidney Note 4 and Sidney Note 5 being collectively, the "Sidney Notes"); that
certain promissory note dated August 1, 1999, made payable to the order of Marc
Dworkin in the original principal amount of $73,601.00 ("Marc Note"), and; that
certain promissory note dated August 1, 1999, made payable to the order of
Elliott ("Bud") Dworkin in the original principal amount of $70,218.00 ("Elliott
Note"). The Sidney Notes, Marc Note and Elliott Note, as previously amended,
restated, renewed, or otherwise modified are sometimes hereinafter collectively,
"Original Notes".

      B. In September, 2004, LEI(Florida) and Creditors entered into a certain
Forbearance Agreement, pursuant to which the Borrower made, executed and
delivered to Creditors which amended, restated and renewed the Original Notes:
(i) that certain Amended, Restated and Renewed Promissory Note dated as of
January 4, 2001 executed and delivered by the Assignor to the Estate of Sidney
Dworkin in the original principal amount of $332,500.00 ("Amended Sidney Note
1"); (ii) that certain Amended, Restated and Renewed Promissory Note dated as of
June 30, 2001 executed and delivered by the Assignor to the Estate of Sidney
Dworkin in the original principal amount of $250,000.00 ("Amended Sidney Note
2"); (iii) that certain Amended, Restated and Renewed Promissory Note dated as
of June 30, 2001 executed and delivered by the Assignor to the Estate of Sidney
Dworkin in the original principal amount of $113,228.00 ("Amended Sidney Note
3"); (iv) that certain Amended, Restated and Renewed Promissory Note dated as of
June 30, 2001 executed and delivered by the Assignor to the Estate of Sidney
Dworkin in the original principal amount of $40,000.00 ("Amended Sidney Note
4"); that certain Amended, Restated and Renewed Promissory Note dated as of
January 1, 2001 executed and delivered by the Assignor to the Estate of Sidney
Dworkin in the original principal amount of $30,000.00 ("Amended Sidney Note 5";
Amended Sidney Note 1, Amended Sidney Note 2, Amended Sidney Note 3, Amended
Sidney Note 4 and Amended Sidney Note 5 being collectively, the "Amended Sidney
Notes"); that certain Amended, Restated and Renewed Promissory Note dated as of
June 30, 2001 executed and delivered by the Assignor to Marc Dworkin in the
original principal amount of $73,601.00 ("Amended Marc Note"), and; that certain
Amended, Restated and Renewed Promissory Note dated as of June 30, 2001 executed
and delivered by the Assignor to Elliott Dworkin in the original principal
amount of $70,218.00 ("Amended Elliott Note"). The Amended Sidney Notes, Amended
Marc Note and Amended Elliott Note are hereinafter individually, "Amended Note",
and collectively, the "Amended Notes").

<PAGE>

      C. Borrower has requested that, for a period from the date hereof through
the earlier of (i) February 28, 2008, and (ii) the date that all amounts owed to
Cornell Capital Partners, LP (the "Investor"), or any successors or assigns,
under the Secured Convertible Debentures in the original principal amount of
approximately $1,200,000.00 issued to the Investor pursuant to the Amended and
Restated Securities Purchase Agreement between the Company and the Investor
dated on or about the date hereof have been paid ("Forbearance Period") and so
long as no default occurs hereunder, Creditors shall forbear from exercising
their rights and remedies against Borrower because of Borrower's failure to
comply with its obligations under the Original Notes, the Amended Notes and any
other documents executed by Borrower in connection with the Loan (sometimes
collectively, "Loan Documents"), and the Creditors are willing to grant said
forbearance subject to Borrower's giving the Creditors the representations,
assurances and other agreements hereinafter set forth.

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements hereinafter set forth, the parties hereto do hereby
agree as follows:

      1. The Recitals hereinabove contained are true and correct and are made a
part hereof.

      2. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Sidney Note 1 (as amended by Amended Sidney Note 1) is
$332,402.00, (ii) that accrued interest is $140,840.00, and (iii) interest
accrues at 9.75% per annum.

      3. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Sidney Note 2 (as amended by Amended Sidney Note 2) is
$250,000.00, (ii) that accrued interest is $240,417.00.00, and (iii) interest
accrues at 15.00% per annum.

      4. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Sidney Note 3 (as amended by Amended Sidney Note 3) is
$113,228.00, (ii) that accrued interest is $107,708.00, and (iii) interest
accrues at 15.00% per annum.

      5. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Sidney Note 4 (as amended by Amended Sidney Note 4) is
$40,000.00, (ii) that accrued interest is $37,850.00, and (iii) interest accrues
at 15.00% per annum.

      6. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Sidney Note 5 (as amended by Amended Sidney Note 5) is
$30,000.00, (ii) that accrued interest is $27,988.00, and (iii) interest accrues
at 15.00% per annum.

      7. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Marc Note (as amended by Amended Marc Note) is
$48,101.00, (ii) that accrued interest is $36,954.00, and (iii) interest accrues
at 15.00% per annum.

      8. As of October 31, 2005, Borrower acknowledges (i) that the unpaid
principal balance of the Elliott Note (as amended by Amended Elliott Note) is
$44,718.00, (ii) that accrued interest is $33,738.00, and (iii) interest accrues
at 15.00% per annum.

                                       2
<PAGE>

      9. Contemporaneously with the execution of this Agreement, Elliott
Dworkin, The Estate of Marc Dworkin and the Estate of Sidney Dworkin agree to
enter into the Lock-Up Agreement in the form of Exhibit "B" attached hereto (the
"Lock-Up Agreement").

      10. Subject to the provisions hereinafter set forth, Creditors hereby
agree to forbear from exercising its rights and remedies under the Loan
Documents during the Forbearance Period (defined hereinafter), provided that:

            (i) LEI(Oklahoma), conditioned upon the execution of this Agreement
and the Lock-Up Agreements by each of the Creditors and the execution of the
Subscription Agreements in the form of Exhibit "A" (the "Subscription
Agreements") by the Elliott Dworkin and The Estate of Marc Dworkin, executes the
Subscription Agreements and the Lock-Up Agreements and issues to each of Elliott
Dworkin and The Estate of Marc Dworkin 375,000 shares of Class A Common Stock of
the Borrower, par value $0.001 and agrees to register the 5,585,407 shares of
Class A Common Stock of the Borrower, par value $0.001, already owned by Elliott
Dworkin and The Estate of Marc Dworkin pursuant to the terms of the Subscription
Agreement; and

            (ii) Borrower agrees, promptly upon request by Creditors, to
cooperate, adjust, initial, re-execute and re-deliver any and all Loan
Documents, including but not limited to any notes, resolutions or affidavits if
deemed necessary or desirable in the sole discretion of the Creditors in order
to fully document or complete the Obligations.

            (iii) Borrower agrees, promptly upon request by Creditors, to take
any necessary steps to fulfill its obligations under this Agreement and the
Subscription Agreement.

      11. Subject to the Borrower's execution of this Agreement and the
compliance with the terms and conditions set forth herein, the Creditors agree
to forbear from taking any legal action to enforce the Loan Documents from the
date of this Agreement to and including the Forbearance Period provided that no
default under this Agreement or the Subscription Agreements occurs during the
Forbearance Period. Upon the sooner to occur of (i) the end of the Forbearance
Period, and (ii) the occurrence of any default under this Forbearance Agreement
or the Subscription Agreements, the obligations of Creditors under this
Agreement will, at the option of Creditors, terminate on such date.

      12. The Creditors' agreement to forbear from their rights and remedies, as
hereinbefore set forth, shall be void ab initio and of no force or effect, and
Borrower shall be obligated to repay to Creditors the indebtedness evidenced by
the Original Notes, as renewed, restated and amended by the Amended Notes
(collectively, "Notes"), upon the occurrence of any of the following events: (i)
if any of the representations and warranties or covenants set forth in this
Agreement, or in the Loan Documents or in any other document delivered in
connection with this Agreement are determined at any time to be materially false
or misleading; or (ii) if Borrower fails to duly and promptly observe, perform
and discharge any covenant, term, condition or agreement contained in this
Agreement or the Subscription Agreements.

      13. The Borrower hereby represents and warrants unto Creditors that (i)
the Loan Documents are valid and binding obligations of the Borrower,
enforceable in accordance with their terms; (ii) the obligations under the Notes
shall continue to be secured by the Loan Documents without novation or
interruption; (iii) no payment of interest which has been made to the Creditors
nor contracted to be made to the Creditors has resulted or will result in the
computation or earnings of interest in excess of the maximum lawful rate; (iv)
no payment of interest which has been made to Creditors nor contracted to be
made to Creditors has resulted or will result in the computation or earnings of
interest in excess of the maximum lawful rate; (v) no oral representations,
statements, or inducements have been made by Creditors with respect to the Loan
or this Agreement; (vi) Borrower has the full power and authority to enter into

                                       3
<PAGE>

and perform its obligations hereunder and each transaction contemplated hereby;
(vii) the execution and delivery by Borrower of this Agreement and each other
document contemplated hereby and its performance of its obligations hereunder
and thereunder have been duly authorized by all necessary proceedings on the
part of Borrower; (viii) Borrower is current on all taxes applicable to Borrower
or its business and has not filed any lawsuit, appeal or other proceeding
challenging any tax assessment against Borrower, any of its properties or its
business; (ix) there are no judgments outstanding against Borrower and there is
no action, suit, proceeding, or investigation now pending (or to the best of
Borrower's knowledge after diligent inquiry, threatened) against, involving or
affecting Borrower, at law, in equity or before any governmental authority that
if adversely determined as to Borrower would result in a material adverse change
in the business or financial condition of the Borrower, nor is there any basis
for such action, suit, proceeding or investigation; and (x) the execution and
delivery by the Borrower of, and the performance by the Borrowers of the
obligations in, this Agreement, the Subscription Agreements and the Lock-Up
Agreements will not result in a breach or default under the Secured Convertible
Debentures in the original principal amount of approximately $1,200,000.00
issued to the Investor or any other agreement with the Investor.

      14. The Loan Documents and all representations and warranties contained
therein, all of the documents executed in connection with the foregoing and any
and all modifications, amendments, affirmations and extensions to any and all of
the foregoing are hereby ratified, confirmed and approved in all respects as of
the date hereof.

      15. Borrower hereby agrees that, in consideration of the recitals and
mutual covenants contained herein, and for other good and valuable
consideration, including the forbearance of Creditors from exercising the rights
and remedies otherwise available to them under the Loan Documents, the receipt
and sufficiency of which are hereby acknowledged, in the event Borrower shall
(i) file with any bankruptcy court of competent jurisdiction or be the subject
of any petition under Title 11 of the U.S. Code, as amended; (ii) be the subject
of any order for relief issued under such Title 11 of the U.S. Code, as amended
(iii) file or be the subject of any petition seeking any reorganization,
arrangement, composition, readjustment, liquidation, dissolution, or similar
relief under any present or future federal or state act or law relating to
bankruptcy, insolvency, or other relief for debtors; (iv) have sought or
consented to or acquiesced in the appointment of any trustee, receiver,
conservator, or liquidator; or (v) be the subject of any order, judgment or
decree entered by any court of competent jurisdiction approving a petition filed
against such party for any reorganization, arrangement, composition,
readjustment, liquidation, dissolution, or similar relief under any present or
future federal or state act or law relating to bankruptcy, insolvency, or relief
for debtors, Creditors shall thereupon be entitled to relief from any automatic
stay imposed by Section 362 of Title 11 of the U.S. Code, as amended, or
otherwise, on or against the exercise of the rights and remedies otherwise
available to Creditors as provided in the Amended Notes and other Loan
Documents, as hereby amended, and as otherwise provided by law.

      16. All financial statements or other statements of financial condition
delivered by the Borrower to the Creditors prior to the date of this Agreement
are true and correct, fairly present the financial condition of the Borrower and
have been prepared in accordance with generally accepted accounting principles,
consistently applied; as of the date of this Agreement, there are no
obligations, liabilities or indebtedness (including contingent liabilities)
which are material to the Borrower which are not reflected in such financial
statements; and no material adverse change has occurred in the financial
condition of the Borrower since the date of the most recent financial statements
which the Borrower has delivered to the Creditors.

                                       4
<PAGE>

      17. Borrower represents and warrants unto Creditors that (i) Borrower has
entered into this Agreement voluntarily and has not been coerced by Creditors in
any manner; (ii) to the extent necessary or appropriate, Borrower has engaged an
attorney or attorneys in connection with the preparation and review of this
Agreement, have specifically discussed with their respective attorneys the
meaning and effect of this Agreement, and have carefully read and understand the
scope of each provision contained herein, and have not relied upon any
representation or statement made by Creditors or by any representative of
Creditors with regard to the subject matter, basis or effect of this Agreement.
(iii) is not relying on any representation, either written or oral, express or
implied, made by the Creditors other than as set forth in this Agreement; (iv)
on the Borrower's own initiative has made proposals to the Creditors, the terms
of which are reflected by this Agreement; and (v) has received actual and
adequate consideration to enter into this Agreement, the Subscription Agreements
and the Loan Documents.

      18. Creditors are under no obligation to grant or to make any further or
additional loans to Borrower or to further extend, amend or modify the Amended
Notes, the other Loan Documents or any other document executed in connection
therewith.

      19. This Agreement shall be construed, interpreted, enforced and governed
by and in accordance with the laws of the State of Florida, excluding the
principles thereof governing conflicts of law.

      20. This Agreement shall be binding upon, and shall inure to the benefit
of, the respective successors and assigns of the parties hereto. Creditors may
assign, in whole or in part, their rights under this Agreement. Upon any
unconditional assignment of Creditors' entire right and interest hereunder,
Creditors shall automatically be relieved, from and after the date of such
assignment, of liability for the performance of any obligation of Creditors
contained herein.

      21. Time is of the essence of each provision of this Agreement.

      22. This Agreement constitutes the entire agreement (including all
representations and promises made) among the parties with respect to the subject
matter hereof and no modification or waiver shall be effective unless in writing
and signed by the party to be charged.

      23. The parties may execute this Agreement and any other agreement
executed pursuant to it in counterparts. Each executed counterpart will be
deemed to be an original, and all of them, together, will constitute the same
agreement. This Agreement will become effective as of its stated date of
execution, when each party has signed a counterpart and all the executed
counterparts have been delivered to Creditors.

      24. The Loan Documents and all of the documents executed in connection
with the foregoing and any and all modifications and extensions to any and all
of the foregoing are hereby ratified, confirmed and approved in all respects.

                              WAIVER OF JURY TRIAL

      25. BORROWER AND CREDITORS HEREBY AGREE AS FOLLOWS: (A) EACH OF THEM
KNOWINGLY, VOLUNTARILY, INTENTIONALLY, AND IRREVOCABLY WAIVES ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM, OR OTHER
LITIGATION (AN "ACTION") BASED UPON, OR ARISING OUT OF, UNDER, OR IN CONNECTION
WITH, THIS AGREEMENT OR ANY RELATED DOCUMENTS, INSTRUMENTS, OR AGREEMENTS
(WHETHER ORAL OR WRITTEN AND WHETHER EXPRESS OR IMPLIED AS A RESULT OF A COURSE
OF DEALING, A COURSE OF CONDUCT, A STATEMENT, OR OTHER ACTION OF EITHER PARTY);

                                       5
<PAGE>

(B) NEITHER OF THEM MAY SEEK A TRIAL BY JURY IN ANY SUCH ACTION; (C) NEITHER OF
THEM WILL SEEK TO CONSOLIDATE ANY SUCH ACTION (IN WHICH A JURY TRIAL HAS BEEN
WAIVED) WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN
WAIVED; AND (D) NEITHER OF THEM HAS IN ANY WAY AGREED WITH OR REPRESENTED TO THE
OTHER OF THEM THAT THE PROVISIONS OF THIS SECTION WILL NOT BE FULLY ENFORCED IN
ALL INSTANCES.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       6
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first above written.

Signed, sealed and delivered               BORROWER:
in the presence of:

                                           LASER ENERGETICS, INC., an Oklahoma
/s/ Theresa Orashen                        corporation
--------------------------------
Witness Signature

Theresa Orashen
--------------------------------           By: /s/ Robert D. Battis
Print Name of Witness                          ---------------------------------
                                           Print Name: Robert D. Battis
/s/ Andrea A. Guerieri                     Its: President & CEO
--------------------------------
Witness Signature

/s/ Andrea A. Guerieri
--------------------------------
Print Name of Witness

Signed, sealed and delivered
in the presence of:

                                           LASER ENERGETICS, INC., a Florida
/s/ Theresa Orashen                        corporation
--------------------------------
Witness Signature

Theresa Orashen
--------------------------------           By: /s/ Robert D. Battis
Print Name of Witness                          ---------------------------------
                                           Print Name: Robert D. Battis
/s/ Andrea A. Guerieri                     Its: President & CEO
--------------------------------
Witness Signature

/s/ Andrea A. Guerieri
--------------------------------
Print Name of Witness

Signed, sealed and delivered               CREDITORS:
in the presence of:
                                           ESTATE OF SIDNEY DWORKIN

/s/ R. Belle Isle
--------------------------------           By: /s/ Doris Dworkin, Personal Rep.
Witness Signature                              ---------------------------------
                                           Name: Doris Dworkin
R. Belle Isle                              Title: Personal Rep.
--------------------------------
Print Name of Witness

/s/ Ronald Paolino
--------------------------------
Witness Signature

Ronald Paolino
--------------------------------
Print Name of Witness

                                       7
<PAGE>

/s/ Adrienne Deckman
--------------------------------           CREDITORS:
Witness Signature

Adrienne Deckman
--------------------------------           ESTATE OF MARC DWORKIN
Print Name of Witness

/s/ Jerrold L. Goldstein                   By: /s/ Patricia Dworkin
--------------------------------               ---------------------------------
Witness Signature                          Name: Patricia Dworkin
                                           Title:_______________________________
Jerrold L. Goldstein
--------------------------------
Print Name of Witness

/s/ Ronald Paolino
--------------------------------
Witness Signature
                                           /s/ Elliott Dworkin
Ronald Paolino                             -------------------------------------
--------------------------------           ELLIOTT DWORKIN
Print Name of Witness

/s/ R. Belle Isle
--------------------------------
Witness Signature

R. Belle Isle
--------------------------------
Print Name of Witness

STATE OF New Jersey        )
                           ) ss:
COUNTY OF Mercer           )

      The foregoing instrument was acknowledged before me this 28th day of
December, 2005, by Robert D. Battis, as President & CEO of LASER ENERGETICS,
INC., an Oklahoma corporation, on behalf of the corporation, |X| who is
personally known to me or |_| has produced as identification and who did take an
oath.

                                          /s/ Jeanne Krumm
                                          --------------------------------------
                                          NOTARY PUBLIC, State of New Jersey

                                          Jeanne Krumm
                                          --------------------------------------
                                          Print Name

                                          Commission No.________________________

                                          My Commission Expires: August 26, 2008

                                       8
<PAGE>

STATE OF New Jersey        )
                           ) ss:
COUNTY OF Mercer           )

      The foregoing instrument was acknowledged before me this 28th day of
December, 2005, by Robert D. Battis, as President & CEO of LASER ENERGETICS,
INC., a Florida corporation, on behalf of the corporation, |X| who is personally
known to me or |_| has produced as identification and who did take an oath.

                                          /s/ Jeanne Krumm
                                          --------------------------------------
                                          NOTARY PUBLIC, State of New Jersey

                                          Jeanne Krumm
                                          --------------------------------------
                                          Print Name

                                          Commission No.________________________

                                          My Commission Expires: August 28, 2008

STATE OF Florida           )
                           ) ss:
COUNTY OF Palm Beach       )

      The foregoing instrument was acknowledged before me this 28 day of Dec.,
2005, by Doris Dworkin, as Personal Rep of the ESTATE OF SIDNEY DWORKIN, on
behalf of the estate, |X| who is personally known to me or |_| has produced as
identification and who did take an oath.

                                          /s/ Janet S. Walker
                                          --------------------------------------
                                          NOTARY PUBLIC, State of Florida

                                          Janet S. Walker
                                          --------------------------------------
                                          Print Name

                                          Commission No. DD248669

                                          My Commission Expires: 09/09/07

                                       9
<PAGE>

STATE OF OHIO              )
                           ) ss:
COUNTY OF ___________      )

      The foregoing instrument was acknowledged before me this 20th day of Dec.,
2004, by Patricia Dworkin, as for of the ESTATE OF MARC DWORKIN, deceased, on
behalf of the estate, |X| who is personally known to me or |_| has produced as
identification and who did take an oath.

                                            /s/ Adrienne Lalak Deckman
                                            ------------------------------------
                                            NOTARY PUBLIC, State of ____________

                                            Adrienne Lalak Deckman
                                            ------------------------------------
                                            Print Name

                                            Commission No.______________________

                                            My Commission Expires:______________

                                       10
<PAGE>

STATE OF Florida           )
                           ) ss:
COUNTY OF Palm Beach       )

      The foregoing instrument was acknowledged before me this 28 day of
Dec., 2005, by ELIOTT DWORKIN, |X| who is personally known to me or |_| has
produced as identification and who did take an oath.

                                            /s/ Janet S. Walker
                                            ------------------------------------
                                            NOTARY PUBLIC, State of Florida

                                            Janet S. Walker
                                            ------------------------------------
                                            Print Name

                                            Commission No. DD 248669
                                                           ---------------------

                                            My Commission Expires: 09/09/07
                                                                   -------------

                                       11
<PAGE>

                                    EXHIBIT A

                         FORM OF SUBSCRIPTION AGREEMENT

                                 (see attached)

                                       12
<PAGE>

                                    EXHIBIT B

                            FORM OF LOCK-UP AGREEMENT

                                 (See attached)

                                       13LOCK-UP AGREEMENT

                             LASER ENERGETICS, INC.

The undersigned hereby agrees that for a period commencing on the date hereof
and expiring on the earlier of (i) December 22, 2008, and (ii) the date that all
amounts owed to Cornell Capital Partners, LP (the "Investor"), or any successors
or assigns, under the Secured Convertible Debentures issued to the Investor
pursuant to the Amended and Restated Securities Purchase Agreement between Laser
Energetics, Inc. (the "Company") and the Investor dated on or about the date
hereof have been paid (the "Lock-up Period"), he, she or it will not, directly
or indirectly, without the prior written consent of the Investor, issue, offer,
agree or offer to sell, sell, grant an option for the purchase or sale of,
transfer, pledge, assign, hypothecate, distribute or otherwise encumber or
dispose of any securities of the Company, including common stock or options,
rights, warrants or other securities underlying, convertible into, exchangeable
or exercisable for or evidencing any right to purchase or subscribe for any
common stock (whether or not beneficially owned by the undersigned), or any
beneficial interest therein (collectively, the "Securities") except that the
undersigned shall be entitled to sell, at any time and from time to time, an
amount of the Company's Class A Common Stock, par value $.001 (the "Common
Stock") so that the aggregate amount of all of Common Stock sold in any one
calendar month by the Estate of Sidney Dworkin and all of the beneficiaries
thereof, the Estate of Marc Dworkin and all of the beneficiaries thereof, and
Elliott Dworkin, is not more than $5,000.00 (the "Maximum Monthly Sale Amount").

Notwithstanding the foregoing, the undersigned may transfer the Undersigned's
Securities (a) as a bona fide gift or gifts, provided that the donee or donees
thereof agree to be bound in writing by the restrictions set forth herein, (b)
to any trust for the direct or indirect benefit of the undersigned or the
immediate family of the undersigned, provided that the trustee of the trust
agrees to be bound in writing by the restrictions set forth herein, and provided
further that any such transfer shall not involve a disposition for value, or (c)
pursuant to will, intestate succession, or otherwise under the probate laws. For
purposes of this Agreement, "immediate family" shall mean any relationship by
blood, marriage or adoption, not more remote than first cousin.

The Company is hereby authorized to disclose the existence of this Agreement to
its transfer agent. The Company and its transfer agent are hereby authorized to
decline to make any transfer of the Securities if such transfer would constitute
a violation or breach of this Agreement. In order to enable the aforesaid
covenants to be enforced, the undersigned hereby consents to the placing of
legends and/or stop-transfer orders with the transfer agent of the Company's
securities with respect to any of the Securities registered in the name of the
undersigned or beneficially owned by the undersigned. The Company agrees to
cooperate with the undersigned to promptly provide any documentation necessary
to remove any such legends placed on shares that are being transferred in
accordance with this Agreement.

         [THIS SPACE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE TO FOLLOW]

<PAGE>

Dated as of December 20, 2005              THE ESTATE OF SIDNEY DWORKIN

                                           By: /s/ Doris Dworkin, Personal Rep.
                                               ---------------------------------
                                           Name: Doris Dworkin
                                                 -------------------------------
                                           Address: material omitted pursuant to
                                                    ----------------------------
                                           confidentiality request
                                           -------------------------------------
                                           City, State, Zip Code:
                                                                  --------------

                                           -------------------------------------

                                           -------------------------------------
                                           Print Taxpayer ID Number

                                           LASER ENERGETICS, INC.

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

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