Exhibit 10.1
Xxxxx Container Corp.
A Nevada Corporation
0000 X. Xxx Xxxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
Tel. 000-000-0000
July 31, 2011
Xxxxx X. Xxxxxxx
Crown Hospitality Group, LLC
000 X. Xxxxxxxx Xxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Re: July 1, 2011 Funding Agreement between Xxxxx Container Corp. ("Xxxxx")
and Crown Hospitality Group, LLC ("Crown")
Dear Xx. Xxxxxxx:
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, Xxxxx 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/ Xxxxx X. Xxxxxxx Dated July 31, 2011
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Xxxxx X. Xxxxxxx, Managing Member
XXXXX CONTAINER CORP.
By /s/ Xxxxxx X. Xxxxx Dated July 31, 2011
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Xxxxxx X. Xxxxx, President & CEO
