Attached files
EXHIBIT 99.1
CASEY CONTAINER CORP.
A Nevada Corporation
7255 E. San Alfredo Drive
Scottsdale, AZ 85258
Tel. 602-819-4181
January 31, 2012
Mr. Denis M. Leonard
Crown Hospitality Group, LLC
812 E. Woodland Road
Schaumburg, Illinois 60173
Re: July 1, 2001 Funding Agreement between Casey Container Corp. ("Casey") and
Crown Hospitality Group, LLC ("Crown") as Amended July 31, 2011
Dear Mr. Leonard:
Based upon conversations between Casey and Crown and in accordance with Section
4.8, Notices, of the Funding Agreement dated July 1, 2011, amended July 31,
2011, the parties hereby agree to modify the financial terms and due dates of
the tranches per Exhibit A of the Funding Agreement. Crown agrees the entire
cash equity investment of $4 million will be funded by February 29, 2012. Upon
receipt of the $4 million, Casey will issue 60,790,001 shares of restricted
Common shares within seven (7) business days of receipt of the entire $4 million
funding in accordance with the Funding Agreement, as Amended July 31, 2011.
The parties further agree to modifications to the "Recitals", "Article I,
Section 1.1", "Article II, Section 2.1," "Exhibit A" of the Funding Agreement
and "Article IV, Section 4.11" to provide for (1) Crown to be substituted by its
related party Crown Endeavors Global Limited ("CEG Fund"), a United Kingdom
company, (2) the funding to be accelerated and (3) a 10% finders' and investment
advisory fee of $400,000, to be paid within ten (10) business days after receipt
by Casey of the $4 million, to RCG Investments, LLC, 900 Jorie Boulevard, Suite
145, Oakbrook, Illinois 60523.
CROWN HOSPITALITY GROUP, LLC
By /s/ Denis M Leonard Dated January 31, 2012
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Denis M. Leonard, Managing Member
CASEY CONTAINER CORP.
By /s/ Martin R Nason Dated January 31, 2012
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Martin R. Nason, President and CEO
