AGREEMENT dated this 28th day of September 2007, by and between LAURENCE
ASSOCIATES CONSULTING, INC. (hereinafter “LAC”), a Nevada Corporation, with offices
located at 130 College Street, Suite 200A, South Hadley, MA 01075, Frederick L. Sliva, President of
LAC and Gary B. Wolff, P.C., counsel to LAC, with offices located at 488 Madison Avenue, Suite
1100, , New York, New York 10022.
WHEREAS , SMI is preparing to file a Registration Statement with the United States
Securities and Exchange Commission (hereinafter the “SEC”) on Form SB-2 which Registration
Statement indicates in Part II, Item 25, offering expenses approximating sixty five thousand ($65,000)
dollars of which fifty thousand ($50,000) dollars are indicated as legal fees and expenses; and
WHEREAS , SMI has agreed to pay all such costs as and when necessary and required, or to
otherwise accrue such costs on its books and records until it is able to pay the full amount due, either
from revenues or loans from its President.
NOW, THEREFORE , it is herewith agreed as follows: Absent sufficient revenues to pay
these amounts within six (6) months of the date of the LAC prospectus, LAC’s President agrees to loan
LAC the funds to cover the balance of outstanding professional and related fees relating to LAC’s
prospectus if the professionals involved insist on cash payments. If and when loaned, the loan will be
evidenced by a non-interest bearing unsecured corporate note to be treated as a loan until repaid, if and
when LAC has the financial resources to do so. Gary B. Wolff, P.C., LAC’s counsel by signing this
Agreement agrees in full to defer his legal fees in the manner set forth in this Agreement.
The parties hereto understand that the above constitutes a binding Agreement and that the
contents thereof are referred to in the aforesaid Registration Statement, in the subheading entitled
“Liquidity” as found in the Management’s Discussion and Analysis or Plan of Operation section.