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TERMINATION AGREEMENT
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THIS TERMINATION AGREEMENT (the "Agreement") is made and entered
into
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effective as of April 19, 2005, by and between FALCON NATURAL
GAS CORP., a
Nevada corporation (the "Company"), and CORNELL CAPITAL
PARTNERS, LP, a Delaware
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limited partnership (the "Buyer").
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Recitals:
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WHEREAS, the Company and the Buyer entered into a Securities
Purchase
Agreement (the "Securities Purchase Agreement"); a Convertible
Debenture issued
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to Buyer, in the amount of Five Hundred Thousand Dollars
($500,000) (the "First
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Debenture"); a second Convertible Debenture issued to the Buyer
in the amount of
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Five Thousand Dollars ($500,000) (the "Second Debenture")
(collectively, the
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"Convertible Debentures"); a Security Agreement (the "Security
Agreement"); an
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Escrow Agreement (the "Escrow Agreement"); Irrevocable Transfer
Agent
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Instructions (the "Irrevocable Transfe
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