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China United Insurance Service, Inc. – ‘10-K’ for 12/31/17 – ‘EX-10.74’

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-10.74’   —   Material Contract


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



 

Exhibit 10.74

 

Far Eastern International Bank

 

Credit Terms / Financial Transaction Terms Agreement (exclusively for corporate finance purpose)

 

Customer: CHINA UNITED INSURANC SERVICE, INC.

Agreement No.:

Credit Line: US $2,000,000.00

Term of Agreement: September 21st, 2017 to September 21st, 2018

 

Regional Supervisor: Business Supervisor: Handling Officer:

 

This Agreement is made by and between the following parties:

 

China United Insurance Service, Inc. (the “Customer”)

 

Far Eastern International Bank Co., Ltd. (including the headquarter and its branches) (“FEIB”)

 

The Customer applies for loan / financial transaction service to FEIB with the joint and several guarantor (“Guarantor”, Guarantor shall sign the guarantee agreement ). The Customer has requested and has further signed a x Comprehensive Credit Facilities Master Agreement / ¨ Comprehensive Financial Transaction Agreement. The Customer and Guarantor agree that aforementioned master agreement provides the general terms and conditions governing the loan / financial transactions between the Customer FEIB, as well as governing the joint and several guarantee provided by Guarantor. The Customer also agrees that without violating the nature of the transactions contemplated by this Agreement and applicable laws and regulations of the competent authority of FEIB, FEIB may, upon the application of the Customer, exchange New Taiwan Dollars for foreign currency in the equivalent amount and vice versa for disbursement of loans, at the spot selling rate then posted by FEIB as the exchange rate unless otherwise stipulated, while the relevant terms and conditions of the loan / financial transactions and that of the Guarantee shall be in accordance with this Agreement. Now, therefore, the parties hereby agree as follows. However, if FEIB does not approve the commitment fees or fails to receive the approved commitment fees on schedule, or the creditworthiness of the Customer deteriorates or is likely to deteriorate, FEIB may cancel any undrawn amount at any time and the Customer shall raise no objection.

 

 C: 
 

 

 

Loan / Financial Transaction Terms and Conditions (for the purposes of this section, the Bank refers to FEIB):

 

I. Credit Type and Facility

Short Term Loan of US$_2,000,000, including the limits for the following items:

a.      Short-Term Loan: US$_2,000,000.

b.      Short-Term Collateral Loan: US$_2,000,000.

 

II. Tenor

1. Duration of Credit granted is a year commencing from the date of the agreement.

2. Utilization shall be made within one year commencing from the date of the agreement.

3. Each utilization shall be repaid within 180 days.

 

III. Interest Rates

1. With respect to US Dollars, interest rate shall be LIBOR for a period equal to the term of the utilization or the next longer tenor for which rates are quoted, plus 1.3%, OR, shall be TAIFX3 for a period equal to the term of the utilization or the next longer tenor which rates are quoted, plus 1.25%, whichever rate is higher, with margin to be adjusted twice every three months and may be

 

2. With respect to other currencies, they will be negotiated on a case-by-case basis based on the Bank’s funding cost.

 

IV. Utilization

Utilized on a revolving basis.

 

V. Repayment

Interest is paid monthly and the principal shall be repaid upon maturity.

VI. Joint and Several Guarantor

Law Insurance Broker Co. Ltd. shall provide joint and several guarantee.

 

VII. Promissory Note evidencing the Facility

The Borrower(s) and the joint and several guarantor shall co-issue a promissory note in the amount of the facility extended hereunder and deliver same to the Bank.

 

VIII. Security

1.      Request for O/S 100% of same currency reserved account deposit, or O/S 110% of different currency reserved account deposit, or certificate of deposit with the Bank as the Borrower’s pledge.

2.      Request for O/S 100% same currency certificate of deposit with the Bank as the Borrower’s pledge.

 

IX. Miscellaneous

1.      Provide monthly exchange rate review of different currency deposit (based on the closing exchange rate of the review day). If the value of foreign currency certificate of deposit falls below 95%, the difference shall be repaid in full within 5 business days into the reserved account or certificate of deposit pledge account or the Borrower shall repay the portion of loan with insufficient security.

 

2.      Any matter not covered herein shall be resolved by reference to the Bank’s credit line related policies.

 

(The rest of the page is left blank)

 

 C: 
 

 

 

Date of verification Place of verification

Verified by

(signature)

September 21, 2017 5F., No.311, Sec. 3, Nanjing E. Rd., Songshan Dist., Taipei City 105, Yan Ru Huang(signed)
September 21, 2017 5F., No.311, Sec. 3, Nanjing E. Rd., Songshan Dist., Taipei City 105, Taiwan (R.O.C.) Yan Ru Huang(signed)
     
     
     
     

 

Signed by:

 

Bank:

Far Eastern International Bank (seal)

 

Customer:

China United Insurance Service, Inc. (registered seal)

Legal Representative: /s/ Yi-Hsiao Mao

Address: 7F., No.311, Sec. 3, Nanjing E. Rd., Songshan Dist., Taipei City 105

 

Customer and Guarantor:

Law Insurance Broker Co. Ltd. (registered seal)

Legal Representative: /s/ Shu-Fen Lee

Address: 5F., No.311, Sec. 3, Nanjing E. Rd., Songshan Dist., Taipei City 105, Taiwan (R.O.C.)

 

 

Note 1: If a party to this Agreement is a minor or other person without full legal capacity, this Agreement shall be signed in person by his legal representative.

 

Note 2: For the purposes of this Agreement, the Guarantor refers to a person providing security other than in the form of such negotiable securities as stocks, bonds, certificates of deposit, or beneficial certificates. Persons providing security in the form of such negotiable securities as stocks, bonds, certificates of deposit, or beneficial Certificates shall submit a security provision agreement as required.

 

Note 3: For the resolution of disputes and avenues of complaints arising out of this Agreement, please refer to the FEIB website.

 

 

Date: September 21, 2017

 

 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
9/21/17
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Filing Submission 0001144204-18-014999   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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