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China United Insurance Service, Inc. – ‘10-K’ for 12/31/17 – ‘EX-10.69’

On:  Thursday, 3/15/18, at 5:30pm ET   ·   For:  12/31/17   ·   Accession #:  1144204-18-14999   ·   File #:  0-54884

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/18  China United Ins Service, Inc.    10-K       12/31/17  138:12M                                    Toppan Merrill/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.08M 
 2: EX-10.68    Material Contract                                   HTML     35K 
 3: EX-10.69    Material Contract                                   HTML     40K 
 4: EX-10.70    Material Contract                                   HTML     32K 
 5: EX-10.71    Material Contract                                   HTML     32K 
 6: EX-10.72    Material Contract                                   HTML     34K 
 7: EX-10.73    Material Contract                                   HTML     44K 
 8: EX-10.74    Material Contract                                   HTML     42K 
 9: EX-10.75    Material Contract                                   HTML     35K 
10: EX-21       Subsidiaries List                                   HTML     33K 
11: EX-31.1     Certification -- §302 - SOA'02                      HTML     36K 
12: EX-31.2     Certification -- §302 - SOA'02                      HTML     36K 
13: EX-32.1     Certification -- §906 - SOA'02                      HTML     33K 
14: EX-32.2     Certification -- §906 - SOA'02                      HTML     33K 
21: R1          Document And Entity Information                     HTML     62K 
22: R2          Consolidated Balance Sheets                         HTML    126K 
23: R3          Consolidated Balance Sheets [Parenthetical]         HTML     50K 
24: R4          Consolidated Statements of Operations and Other     HTML    114K 
                Comprehensive Income / (Loss)                                    
25: R5          Consolidated Statements of Changes in               HTML     69K 
                Stockholders' Equity                                             
26: R6          Consolidated Statements of Cash Flows               HTML    141K 
27: R7          Organization and Principal Activities               HTML     55K 
28: R8          Summary of Significant Accounting Policies          HTML    201K 
29: R9          Cash and Cash Equivalents and Time Deposits         HTML     50K 
30: R10         Marketable Securities                               HTML     64K 
31: R11         Structured Deposit                                  HTML     44K 
32: R12         Other Current Assets                                HTML     51K 
33: R13         Property, Plant and Equipment, Net                  HTML     50K 
34: R14         Intangible Assets                                   HTML     53K 
35: R15         Goodwill                                            HTML     35K 
36: R16         Long-Term Investments                               HTML     70K 
37: R17         Other Assets                                        HTML     51K 
38: R18         Taxes Payable                                       HTML     44K 
39: R19         Short-Term Loans                                    HTML     49K 
40: R20         Convertible Bonds                                   HTML     39K 
41: R21         Other Current Liabilities                           HTML     58K 
42: R22         Long-Term Loans                                     HTML     46K 
43: R23         Long-Term Liabilities                               HTML    116K 
44: R24         Preferred Stock                                     HTML     50K 
45: R25         Statutory Reserves                                  HTML     36K 
46: R26         Non-Controlling Interests                           HTML     94K 
47: R27         Income Tax                                          HTML    109K 
48: R28         Related Party Transactions                          HTML     64K 
49: R29         Commitments                                         HTML     44K 
50: R30         Financial Risk Management and Fair Value of         HTML    133K 
                Financial Instruments                                            
51: R31         Reclassifications                                   HTML     77K 
52: R32         Segment Reporting                                   HTML    172K 
53: R33         Restatement                                         HTML    161K 
54: R34         Quarterly Information                               HTML    124K 
55: R35         Subsequent Events                                   HTML     38K 
56: R36         Summary of Significant Accounting Policies          HTML    279K 
                (Policies)                                                       
57: R37         Summary of Significant Accounting Policies          HTML    110K 
                (Tables)                                                         
58: R38         Cash and Cash Equivalents and Time Deposits         HTML     50K 
                (Tables)                                                         
59: R39         Marketable Securities (Tables)                      HTML     66K 
60: R40         Structured Deposit (Tables)                         HTML     43K 
61: R41         Other Current Assets (Tables)                       HTML     47K 
62: R42         Property, Plant and Equipment, Net (Tables)         HTML     49K 
63: R43         Intangible Assets (Tables)                          HTML     53K 
64: R44         Long-Term Investments (Tables)                      HTML     75K 
65: R45         Other Assets (Tables)                               HTML     48K 
66: R46         Taxes Payable (Tables)                              HTML     42K 
67: R47         Short-Term Loans (Tables)                           HTML     41K 
68: R48         Other Current Liabilities (Tables)                  HTML     56K 
69: R49         Long-Term Loans (Tables)                            HTML     45K 
70: R50         Long-Term Liabilities (Tables)                      HTML     96K 
71: R51         Non-Controlling Interests (Tables)                  HTML     89K 
72: R52         Income Tax (Tables)                                 HTML    107K 
73: R53         Related Party Transactions (Tables)                 HTML     50K 
74: R54         Commitments (Tables)                                HTML     43K 
75: R55         Financial Risk Management and Fair Value of         HTML    121K 
                Financial Instruments (Tables)                                   
76: R56         Reclassifications (Tables)                          HTML     76K 
77: R57         Segment Reporting (Tables)                          HTML    174K 
78: R58         Restatement (Tables)                                HTML    164K 
79: R59         Quarterly Information (Tables)                      HTML    124K 
80: R60         Cash and Cash Equivalents (Tables)                  HTML     47K 
81: R61         Organization and Principal Activities (Details      HTML    149K 
                Textual)                                                         
82: R62         Summary of Significant Accounting Policies          HTML     43K 
                (Details)                                                        
83: R63         Summary of Significant Accounting Policies          HTML     45K 
                (Details 1)                                                      
84: R64         Summary of Significant Accounting Policies          HTML     46K 
                (Details 2)                                                      
85: R65         Summary of Significant Accounting Policies          HTML     78K 
                (Details Textual)                                                
86: R66         Cash and Cash Equivalents and Time Deposits         HTML     48K 
                (Details)                                                        
87: R67         Cash and Cash Equivalents and Time Deposits         HTML     39K 
                (Details Textual)                                                
88: R68         Marketable Securities (Details)                     HTML     46K 
89: R69         Structured Deposit (Details)                        HTML     38K 
90: R70         Structured Deposit (Details Textual)                HTML     38K 
91: R71         Other Current Assets (Details)                      HTML     52K 
92: R72         Other Current Assets (Details Textual)              HTML     50K 
93: R73         Property, Plant and Equipment, Net (Details)        HTML     53K 
94: R74         Property, Plant and Equipment, Net (Details         HTML     35K 
                Textual)                                                         
95: R75         Intangible Assets (Details)                         HTML     39K 
96: R76         Intangible Assets (Details 1)                       HTML     47K 
97: R77         Intangible Assets (Details Textual)                 HTML     35K 
98: R78         Goodwill (Details Textual)                          HTML     41K 
99: R79         Long-Term Investments (Details)                     HTML     38K 
100: R80         Long-Term Investments (Details 1)                   HTML     39K  
101: R81         Long-Term Investments (Details 2)                   HTML     43K  
102: R82         Long-Term Investments (Details Textual)             HTML     34K  
103: R83         Other Assets (Details)                              HTML     50K  
104: R84         Other Assets (Details Textual)                      HTML     32K  
105: R85         Taxes Payable (Details)                             HTML     41K  
106: R86         Short-Term Loans (Details)                          HTML     42K  
107: R87         Short-Term Loans (Details Textual)                  HTML     62K  
108: R88         Convertible Bonds (Details Textual)                 HTML     48K  
109: R89         Other Current Liabilities (Details)                 HTML     70K  
110: R90         Long-Term Loans (Details)                           HTML     36K  
111: R91         Long-Term Loans (Details Textual)                   HTML     50K  
112: R92         Long-Term Liabilities (Details)                     HTML     53K  
113: R93         Long-Term Liabilities (Details 1)                   HTML     82K  
114: R94         Long-Term Liabilities (Details Textual)             HTML    120K  
115: R95         Preferred Stock (Details Textual)                   HTML     49K  
116: R96         Statutory Reserves (Details Textual)                HTML     39K  
117: R97         Non-Controlling Interests (Details)                 HTML     62K  
118: R98         Income Tax (Details)                                HTML     47K  
119: R99         Income Tax (Details 1)                              HTML     49K  
120: R100        Income Tax (Details 2)                              HTML     53K  
121: R101        Income Tax (Details Textual)                        HTML     66K  
122: R102        Related Party Transactions (Details)                HTML     53K  
123: R103        Related Party Transactions (Details Textual)        HTML     67K  
124: R104        Commitments (Details)                               HTML     47K  
125: R105        Commitments (Details Textual)                       HTML     34K  
126: R106        Financial Risk Management and Fair Value of         HTML     87K  
                Financial Instruments (Details)                                  
127: R107        Financial Risk Management and Fair Value of         HTML     43K  
                Financial Instruments (Details Textual)                          
128: R108        Reclassifications (Details)                         HTML     65K  
129: R109        Segment Reporting (Details)                         HTML     86K  
130: R110        Segment Reporting (Details 1)                       HTML     63K  
131: R111        Restatement (Details)                               HTML    179K  
132: R112        Restatement (Details) (Parenthetical)               HTML     50K  
133: R113        Restatement (Details 1)                             HTML    141K  
134: R114        Quarterly Information (Details)                     HTML     68K  
135: R115        Subsequent Events (Details Textual)                 HTML     57K  
137: XML         IDEA XML File -- Filing Summary                      XML    245K  
136: EXCEL       IDEA Workbook of Financial Reports                  XLSX    147K  
15: EX-101.INS  XBRL Instance -- cuii-20171231                       XML   4.25M 
17: EX-101.CAL  XBRL Calculations -- cuii-20171231_cal               XML    189K 
18: EX-101.DEF  XBRL Definitions -- cuii-20171231_def                XML   1.35M 
19: EX-101.LAB  XBRL Labels -- cuii-20171231_lab                     XML   1.39M 
20: EX-101.PRE  XBRL Presentations -- cuii-20171231_pre              XML   1.52M 
16: EX-101.SCH  XBRL Schema -- cuii-20171231                         XSD    294K 
138: ZIP         XBRL Zipped Folder -- 0001144204-18-014999-xbrl      Zip    291K  


‘EX-10.69’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Exhibit 10.69

 

Consulting Service Agreement

 

Parties of this agreement:

China United Insurance Service, Inc. (“Party A”)

FU-CHANG LI (“Party B”)

 

Whereas, Party A intends to obtain from Party B and Party B agrees to provide Party A services as described below during the term of this Agreement. The parties hereby agree the terms and conditions of this Agreement as follows:

 

1.The Agreement shall be effective on the date of December 7, 2017 hereof and shall continue thereafter for 12 months. This Agreement may be renewed by both parties at the end of this Agreement by signing new agreement hereinafter.

 

2.Party A agrees to pay Party B the service fees at NT$150,000 monthly (total NT$1,800,000) based on the services provided by Party B pursuant to this Agreement. The payment of 50% of annual service fees (NT$1,800,000) shall be made by Party A within one month of the effective date of this Agreement, and the other 50% shall be made within first week of the seventh month of the term of this Agreement. The parties hereto agree that, the undisputed payment of service fees hereunder shall be made by Party A to the bank account owned by Party B as below.

 

3.Party B shall provide the following services to Party A:
A.Business plan requested by Party A.
B.Assessment of potential investors, including but not limited to valuation, credit assessment and eligibility assessment.
C.Assist Party A to negotiate with potential investors about transactional framework, as well as specific transactional conditions and seek to promote cooperation between Party A and potential investors to reach an agreement.
D.Assist Party A and investors to reach a formal investment contract and related legal documents prerequisite listed.
E.Assist Party A to promote the work of project (including, but not limited to, the execution of a letter of intent, a formal agreement and other relevant legal documents) until Party A and/or a third party designated by Party A with the potential investors to complete the transaction.

4.

A.Party B shall obey Party A’s instructions with attentions as a bona fides administrator, honesty and diligence, to execute and process all affairs.

 

 C: 

 

 

 

B.Party B shall report the status of the transaction to Party A and release relevant operation reports and future plans of operations at the meetings held by Party A annually.
C.Party B agrees not to disclose to any third party any information it receives from Party A identified orally or in writing as a trade secret or confidential or proprietary information of Party A (hereinafter referred to as “Confidential Information”) and other obligations as below:
(1)Party B shall not reproduce copy, photograph or otherwise retain all or part of the Confidential Information.
(2)Party B hereto shall not use, employ or disclose any Confidential Information received to any third party for any reason, whether orally, in writing, by demonstration or otherwise.
(3)Party B shall not use the Confidential Information for his own or any third party’s benefits.
(4)In the event that Party A has confidentiality obligation to any confidential information has been obtained or will be obtained from a third party, Party B shall bear the obligation of confidentiality and shall strictly observe the above articles.
(5)Party B hereto agree that the confidentiality obligations provided in this Article 4.3 hereof shall survive the termination of this Agreement.
(6)If any violations of this article, Party A may terminate this Agreement and Party B shall also be responsible for all administrative, civil and criminal liabilities.

 

5.Party A may terminate this Agreement without cause by giving one month written or oral notice to Party B and the termination of this Agreement shall become effective accordingly.

 

6.If Party B materially breaches any of the terms and conditions of this Agreement, Party A may terminate this Agreement immediately and Party B shall not be compensated by Party A.

 

7.During the performance of this Agreement, Party B intentionally or negligently causes any damage to Party A, Party A may terminate this Agreement or take other sanctions and Party B shall be held liable to indemnify Party A against and from all losses arising there from.

 

 C: 

 

 

 

8.The parties agree that Party A and Party B are independent from each other. In no event shall Party B act as Party A’s agent, representative, entrustment, employee, partner or other similar legal relationship.

 

9.Any matters not specified in this Agreement, the relevant laws and regulations of Republic of China shall be applicable.

 

10.All disputes arising under or in connection with this Agreement shall be submitted to and settled by the first instance of the District Courts of Taipei, Taiwan, Republic of China.

 

11.This Agreement can be amended only by written instrument signed by duly authorized representatives of both parties.

 

12.This Agreement is executed in duplicate, with each Party holding one original.

 

Party A

For and on behalf of

Action Holdings Financial Limited (seal)

/s/ Yi-Hsiao Mao

Authorized representative: Yi-Hsiao Mao

 

Party B

/s/ Fu-Chang Li

Name: FU-CHANG LI

Address:

 

 C: 

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/15/18
For Period end:12/31/1710-K/A
12/7/17CORRESP
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Filing Submission 0001144204-18-014999   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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