Common use of Purchase of Convertible Debentures Clause in Contracts

Purchase of Convertible Debentures. Subject to the satisfaction ------------------------------------- (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "Xxxxx Xxxxxxxx, Esq., as Escrow Agent for Falcon Natural Gas Corp./Cornell Capital Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined). The parties acknowledge that these Subscription Amounts have already been funded.

Purchase of Convertible Debentures. Subject to the satisfaction ------------------------------------- ---------------------------------- (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "Xxxxx Xxxxxxxx, Esq.Butler Gonzalez LLP, as Escrow Agent for Falcon Natural Gas Corp./Cornell Agexx xxx Xxxxxxx Technology Corporation /Cornell Capital Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined). The parties acknowledge that these Subscription Amounts have already been funded.

Purchase of Convertible Debentures. Subject to the satisfaction ------------------------------------- (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's ’s name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "Xxxxx “Dxxxx Xxxxxxxx, Esq., as Escrow Agent for Falcon Natural Gas Corp./Cornell Capital Partners, LP"”, which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined). The parties acknowledge that these Subscription Amounts have already been funded.

Purchase of Convertible Debentures. Subject to the satisfaction ------------------------------------- (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) the Closings and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closingthe Closings, up to the aggregate amount of Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I for the First Closing in same-day funds or a check payable to "Xxxxx XxxxxxxxX. Xxxxxxx XX, Esq., P.A. as Escrow Agent for Falcon Natural Gas Corp./Cornell ThinkPath Inc./Trafalgar Capital Partners, LP", Investment Fund," which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined). The parties acknowledge that these Subscription Amounts have already been funded) upon the occurrence of an Event of Default under the terms of the Convertible Debentures.

Purchase of Convertible Debentures. Subject to the ------------------------------------- satisfaction ------------------------------------- (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "Xxxxx XxxxxxxxDavid Gonzalez, Esq., as Escrow Agent for Falcon Natural Gas Corp./Cornell Xxxxxx Xxxxx xor Intrepid Technology & Resources, Inc. /Cornell Capital Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined). The parties acknowledge that these Subscription Amounts have already been funded.