Modification Agreement to Funding Agreement between Casey Container Corp. and Crown Hospitality Group, LLC (July 31, 2011)

Summary

Casey Container Corp. and Crown Hospitality Group, LLC have agreed to modify the payment schedule of their July 1, 2011 Funding Agreement. The first two funding tranches, originally due separately, are now combined into a single $1,400,000 payment due by September 1, 2011. Upon receiving this payment, Casey will issue 21,276,500 restricted common shares to Crown. All other scheduled payments and share issuances remain unchanged. This modification is effective as of July 31, 2011 and is signed by both parties' representatives.

EX-10.1 2 ex10-1.txt LETTER Exhibit 10.1 Casey Container Corp. A Nevada Corporation 7255 E. San Alfredo Drive Scottsdale, AZ 85258 Tel. 602 ###-###-#### July 31, 2011 Denis M. Leonard Crown Hospitality Group, LLC 812 E. Woodland Road Schaumberg, Illinois 60173 Re: July 1, 2011 Funding Agreement between Casey Container Corp. ("Casey") and Crown Hospitality Group, LLC ("Crown") Dear Mr. Leonard: Based on several conversations yesterday and in accordance with Section 4.8, Notices, of the Funding Agreement dated July 1, 2011, the parties hereby agree to modify the due dates of the tranches as per Exhibit A of the Funding Agreement. The first (July 31, 2011 for $400,000) and second (September 30, 2011 for $1,000,000) tranches are hereby modified and combined into one tranche for $1,400,000 to be funded no later than September 1, 2011. Upon receipt of the $1,400,000, Casey will issue 21,276,500 shares of restricted Common shares. The December 2011 and March thru June 2012 tranches remain as per Exhibit A in both amounts and shares. The parties agree to the above modification to Exhibit A of the Funding Agreement dated July 31, 2011 as per above. CROWN HOSPITALITY GROUP, LLC By /s/ Denis M. Leonard Dated July 31, 2011 --------------------------------------- Denis M. Leonard, Managing Member CASEY CONTAINER CORP. By /s/ Martin R. Nason Dated July 31, 2011 --------------------------------------- Martin R. Nason, President & CEO