Document:

FORBEARANCE AGREEMENT

      THIS FORBEARANCE AGREEMENT ("Agreement"), made and entered into as of the
29th day of November, 2005, by and among Laser Energetics, Inc., an Oklahoma
corporation ("Company") and EILEEN BERKE ("Berke") and CINCINNATI SUB-ZERO
PRODUCTS, INC. ("CSZ") (Berke and CSZ are hereinafter collectively referred to
as the "Creditors").

                                    RECITALS

      WHEREAS, the Creditors have made or may in the future make, certain loans
to the Company, including loans made by Berke to Laser Energetics, Inc., a
Florida corporation (LEI(Fl)) in the aggregate outstanding principal amount as
of October 31, 2005 of $335,313.00 and loans made by CSZ to LEI (Fl) in the
aggregate outstanding principal amount as of October 31, 2005 of $26,750.00,
which obligations have or will be assumed to the Company (the "Creditor
Obligations"); and

      WHEREAS, Cornell Capital Partners, LP (the "Investor") and the Company are
about to enter into a certain Amended and Restated Securities Purchase Agreement
to be dated on or about November 30, 2005 (the "Purchase Agreement"), pursuant
to which the Company will issue to the Investor a Secured Convertible Debenture
in the original principal amount of approximately $1,200,000.00 (the
"Debenture") (the "Investor Obligations"); and

      WHEREAS, the Creditors have agreed to subordinate the Creditor Obligations
to the Investor Obligations as set forth below.

      A. NOW, THEREFORE, in consideration of the mutual promises and benefits
hereinafter set forth, and of other good and valuable consideration, the
Creditors covenant and agree that (i) no payments due or to become due on the
Creditor Obligations shall be paid, and no payment on account thereof, and (ii)
Creditors will not exercise any rights or remedies which they may have in
connection with the Creditor Obligations unless and until the Company has paid
and satisfied in full the Investor Obligations.

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

                                   LASER ENERGETICS, INC., an Oklahoma
                                   corporation

                                   By: /s/ Robert D. Battis
                                       -----------------------------------------
                                       Robert D. Battis, Chief Executive Officer

                                   CINCINNATTI SUB-ZERO

                                   By: /s/ Steven J. Berke
                                       -----------------------------------------
                                       Name:  Steven J. Berke
                                       Title: President + CEO

                                   /s/ Eileen Berke
                                   ---------------------------------------------
                                   EILEEN BERKELASER ENERGETICS, INC.

      The undersigned hereby agrees that for a period commencing on November 29,
2005 and expiring on the earlier of (i) February 28, 2009, 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 February
13, 2006 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").

      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, and the undersigned hereby confirms the undersigned's investment in
the Company.

Dated: November 29, 2005

                                     Signature

                                     /s/ Eileen Berke
                                     -------------------------------------------
                                     Name: Eileen Berke
                                     Address: 3483 Fawn Run Dr.
                                     City, State, Zip Code: Cincinnati, OH 45241

                                     material omitted pursuant to
                                     confidentiality request
                                     -------------------------------------------
                                     Print Social Security Number
                                     or Taxpayer I.D. NumberFORBEARANCE AGREEMENT

      THIS FORBEARANCE AGREEMENT ("Agreement"), made and entered into as of the
29th day of November, 2005, by and among Laser Energetics, Inc., an Oklahoma
corporation ("Company") and EILEEN BERKE ("Berke") and CINCINNATI SUB-ZERO
PRODUCTS, INC. ("CSZ") (Berke and CSZ are hereinafter collectively referred to
as the "Creditors").

                                    RECITALS

      WHEREAS, the Creditors have made or may in the future make, certain loans
to the Company, including loans made by Berke to Laser Energetics, Inc., a
Florida corporation (LEI(Fl)) in the aggregate outstanding principal amount as
of October 31, 2005 of $335,313.00 and loans made by CSZ to LEI (Fl) in the
aggregate outstanding principal amount as of October 31, 2005 of $26,750.00,
which obligations have or will be assumed to the Company (the "Creditor
Obligations"); and

      WHEREAS, Cornell Capital Partners, LP (the "Investor") and the Company are
about to enter into a certain Amended and Restated Securities Purchase Agreement
to be dated on or about November 30, 2005 (the "Purchase Agreement"), pursuant
to which the Company will issue to the Investor a Secured Convertible Debenture
in the original principal amount of approximately $1,200,000.00 (the
"Debenture") (the "Investor Obligations"); and

      WHEREAS, the Creditors have agreed to subordinate the Creditor Obligations
to the Investor Obligations as set forth below.

      A. NOW, THEREFORE, in consideration of the mutual promises and benefits
hereinafter set forth, and of other good and valuable consideration, the
Creditors covenant and agree that (i) no payments due or to become due on the
Creditor Obligations shall be paid, and no payment on account thereof, and (ii)
Creditors will not exercise any rights or remedies which they may have in
connection with the Creditor Obligations unless and until the Company has paid
and satisfied in full the Investor Obligations.

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

                                   LASER ENERGETICS, INC., an Oklahoma
                                   corporation

                                   By: /s/ Robert D. Battis
                                       -----------------------------------------
                                       Robert D. Battis, Chief Executive Officer

                                   CINCINNATTI SUB-ZERO

                                   By: /s/ Steven J. Berke
                                       -----------------------------------------
                                       Name:  Steven J. Berke
                                       Title: President & CEO

                                   /s/ Eileen Berke
                                   ---------------------------------------------
                                   EILEEN BERKELASER ENERGETICS, INC.

      The undersigned hereby agrees that for a period commencing on November 29,
2005 and expiring on the earlier of (i) February 28, 2009, 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 February
13, 2006 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").

      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, and the undersigned hereby confirms the undersigned's investment in
the Company.

Dated: November 29, 2005

                                     Signature
                                     Cincinnati Sub-Zero Products, Inc.

                                     /s/ Steven J. Berke
                                     -------------------------------------------
                                     Name: Steven J. Berke
                                     Title: President/CEO
                                     Address: 12011 Mosteller Rd
                                     City, State, Zip Code: Cincinnati, OH 45241

                                     material omitted pursuant to
                                     confidentiality request
                                     -------------------------------------------
                                     Print Social Security Number
                                     or Taxpayer I.D. Number

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