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China United Insurance Service, Inc. – ‘10-Q’ for 3/31/16 – ‘EX-10.1’

On:  Tuesday, 5/10/16, at 1:12pm ET   ·   For:  3/31/16   ·   Accession #:  1144204-16-100303   ·   File #:  0-54884

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

 5/10/16  China United Ins Service, Inc.    10-Q        3/31/16  102:5.8M                                   Toppan Merrill/FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    322K 
 2: EX-10.1     Material Contract                                   HTML     37K 
 3: EX-10.2     Material Contract                                   HTML     51K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     29K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     26K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     26K 
14: R1          Document And Entity Information                     HTML     46K 
15: R2          Condensed Consolidated Balance Sheets               HTML    112K 
16: R3          Condensed Consolidated Balance Sheets               HTML     44K 
                [Parenthetical]                                                  
17: R4          Consolidated Statements of Operations and Other     HTML    103K 
                Comprehensive Income / (Loss)                                    
18: R5          Unaudited Condensed Consolidated Statements of      HTML    100K 
                Cash Flows                                                       
19: R6          Organization                                        HTML     31K 
20: R7          Summary of Significant Accounting Policies          HTML     85K 
21: R8          Cash and Equivalents                                HTML     30K 
22: R9          Marketable Securities                               HTML     57K 
23: R10         Other Current Assets                                HTML     44K 
24: R11         Property, Plant and Equipment, Net                  HTML     44K 
25: R12         Intangible Assets                                   HTML     49K 
26: R13         Acquisition and Goodwill                            HTML     42K 
27: R14         Long-Term Investment                                HTML     73K 
28: R15         Other Assets                                        HTML     39K 
29: R16         Taxes Payable                                       HTML     35K 
30: R17         Other Current Liabilities                           HTML     55K 
31: R18         Short Term Loans                                    HTML     39K 
32: R19         Long-Term Liabilities                               HTML     40K 
33: R20         Preferred Stock                                     HTML     38K 
34: R21         Statutory Reserves                                  HTML     29K 
35: R22         Non-Controlling Interests                           HTML    111K 
36: R23         Income Tax                                          HTML     41K 
37: R24         Related Party Transactions                          HTML     48K 
38: R25         Commitments                                         HTML     54K 
39: R26         Discontinued Operation                              HTML     48K 
40: R27         Financial Risk Management and Fair Value            HTML     36K 
41: R28         Geographical Revenue                                HTML     41K 
42: R29         Loan to Shareholders                                HTML     35K 
43: R30         Subsequent Events                                   HTML     30K 
44: R31         Summary of Significant Accounting Policies          HTML     93K 
                (Policies)                                                       
45: R32         Summary of Significant Accounting Policies          HTML     66K 
                (Tables)                                                         
46: R33         Marketable Securities (Tables)                      HTML     58K 
47: R34         Other Current Assets (Tables)                       HTML     44K 
48: R35         Property, Plant and Equipment, Net (Tables)         HTML     42K 
49: R36         Intangible Assets (Tables)                          HTML     48K 
50: R37         Acquisition and Goodwill (Tables)                   HTML     35K 
51: R38         Long-Term Investment (Tables)                       HTML     78K 
52: R39         Other Assets (Tables)                               HTML     37K 
53: R40         Taxes Payable (Tables)                              HTML     34K 
54: R41         Other Current Liabilities (Tables)                  HTML     53K 
55: R42         Short Term Loans (Tables)                           HTML     35K 
56: R43         Long-Term Liabilities (Tables)                      HTML     33K 
57: R44         Non-Controlling Interests (Tables)                  HTML    110K 
58: R45         Income Tax (Tables)                                 HTML     39K 
59: R46         Related Party Transactions (Tables)                 HTML     41K 
60: R47         Commitments (Tables)                                HTML     48K 
61: R48         Discontinued Operation (Tables)                     HTML     47K 
62: R49         Geographical Revenue (Tables)                       HTML     36K 
63: R50         Summary of Significant Accounting Policies          HTML     42K 
                (Details)                                                        
64: R51         Summary of Significant Accounting Policies          HTML     44K 
                (Details 1)                                                      
65: R52         Summary of Significant Accounting Policies          HTML     30K 
                (Details Textual)                                                
66: R53         Marketable Securities (Details)                     HTML     40K 
67: R54         Other Current Assets (Details)                      HTML     51K 
68: R55         Property, Plant and Equipment, Net (Details)        HTML     45K 
69: R56         Intangible Assets (Details)                         HTML     32K 
70: R57         Intangible Assets (Details 1)                       HTML     40K 
71: R58         Intangible Assets (Detail Textual)                  HTML     30K 
72: R59         Acquisition and Goodwill (Details)                  HTML     36K 
73: R60         Acquisition and Goodwill (Details Textual)          HTML     73K 
74: R61         Long-Term Investment (Details)                      HTML     33K 
75: R62         Long-Term Investment (Details 1)                    HTML     32K 
76: R63         Long-Term Investment (Details 2)                    HTML     36K 
77: R64         Long-Term Investment (Details Textual)              HTML     27K 
78: R65         Other Assets (Details)                              HTML     36K 
79: R66         Taxes Payable (Details)                             HTML     31K 
80: R67         Other Current Liabilities (Details)                 HTML     64K 
81: R68         Short Term Loans (Details)                          HTML     36K 
82: R69         Short Term Loans (Details) [Parenthetical]          HTML     34K 
83: R70         Short Term Loans (Details Textual)                  HTML     47K 
84: R71         Long-Term Liabilities (Details)                     HTML     32K 
85: R72         Long-Term Liabilities (Details Textual)             HTML     42K 
86: R73         Preferred Stock (Details Textual)                   HTML     47K 
87: R74         Statutory Reserves (Details Textual)                HTML     33K 
88: R75         Non-Controlling Interests (Details)                 HTML     71K 
89: R76         Income Tax (Details)                                HTML     44K 
90: R77         Income Tax (Details Textual)                        HTML     38K 
91: R78         Related Party Transactions (Details)                HTML     41K 
92: R79         Related Party Transactions (Details Textual)        HTML     49K 
93: R80         Commitments (Details)                               HTML     41K 
94: R81         Commitments (Details 1)                             HTML     50K 
95: R82         Commitments (Details Textual)                       HTML     39K 
96: R83         Discontinued Operation (Details)                    HTML     46K 
97: R84         Geographical Revenue (Details)                      HTML     31K 
98: R85         Loan to Shareholders (Details Textual)              HTML     61K 
99: R86         Subsequent Events (Details Textual)                 HTML     40K 
101: XML         IDEA XML File -- Filing Summary                      XML    184K  
100: EXCEL       IDEA Workbook of Financial Reports                  XLSX     86K  
 8: EX-101.INS  XBRL Instance -- cuii-20160331                       XML   1.68M 
10: EX-101.CAL  XBRL Calculations -- cuii-20160331_cal               XML    171K 
11: EX-101.DEF  XBRL Definitions -- cuii-20160331_def                XML    737K 
12: EX-101.LAB  XBRL Labels -- cuii-20160331_lab                     XML    917K 
13: EX-101.PRE  XBRL Presentations -- cuii-20160331_pre              XML    868K 
 9: EX-101.SCH  XBRL Schema -- cuii-20160331                         XSD    205K 
102: ZIP         XBRL Zipped Folder -- 0001144204-16-100303-xbrl      Zip    139K  


‘EX-10.1’   —   Material Contract


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



 

Exhibit 10.1

 

CONSULTANT SERVICES AGREEMENT

 

This Agreement is made as of April/20/2016 by and between:

 

Farglory Life Insurance Co., Ltd., a corporation duly organized and existing under the laws of Taiwan, having its principal office at 28f,No.1. Songgao Rd., Xinyi Dist., Taipei ,Taiwan, R.O.C. (hereinafter referred to as “Company”); and

 

Action Holdings Financial Limited, a corporation duly organized and existing under the laws of British Virgin Islands, having its principal office at TrustNet Chamber, P.O. Box 3444, Road Town, Tortola, British Virgin Islands (hereinafter referred to as “Supplier”).

 

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

 

1.Term

The term of this Agreement shall commence on May 1st, 2016 and shall thereafter continue in full force and effect for a period of 5 years.

 

2.Payment
2.1The service fee of Supplier to be paid by Company is NT$4,000,000 per year, total NT$20,000,000 for this Agreement. The payment shall be made by Company within 10 working days to the bank account designated by Supplier after this Agreement is executed by both parties.
2.2In the event the expiration or termination of this Agreement, the Supplier shall return the amount paid by the Company according to Section 2.1 deduct the fees or expense performed pursuant to Section 3 herein (such fees or expense shall be with the Company’s written consent) to the Company within 10 working days after the confirmation of the parties.

 

3.Services
3.1Supplier agrees to provide Company the Services described hereinafter, including but not limited to:
(1)Assessment and advice on suitability of cooperative partners.
(2)Advice on product strategies suitable for promotion channel development.
(3)Advice on promotion/sales channel improvement.
(4)Advice on promotion channel marketing and strategic planning.
3.2To the extent permitted by applicable laws and regulations, Action shall assist and encourage any insurance agency company or insurance brokerage company duly approved by the competent government authorities of Taiwan to cooperate with AIATW for the promotion of life insurance products of AIATW.

 

 C: 

 

 

 

4.Confidentiality

The Receiving Party shall neither disclose to any third party any Confidential Information of the Disclosing Party. The Receiving Party shall limit dissemination of the Confidential Information only to its employees, consultants, directors and/or officers who need to know such Confidential Information provided that they are bound by a confidentiality agreement with the Receiving Party no less restrictive than this Agreement. Either party may disclose the project name and the result of this Agreement without disclosing any Confidential Information of the Disclosing Party.

 

5.Definition

“Disclosing Party” means a party that discloses Confidential Information under this Agreement.

“Receiving Party” means a party that receives Confidential Information under this Agreement.

“Company” or “Supplier” shall mean itself, its affiliate, subsidiary, branch office, partnership, and other employees to further the Agreement.

“Confidential Information” herein shall mean any and all confidential technical and non-technical information which has been adopted the degree of care generally used by others in the industry to protect their own proprietary information.

 

6.Exceptions to Confidentiality

Notwithstanding any other provisions of this Agreement, this Agreement imposes no obligation and restrictions upon the Receiving Party with respect to Confidential Information received hereunder which: (a) at the time of receipt, was otherwise known to the Receiving Party; (b) becomes known or available to the Receiving Party from a source other than the Disclosing Party and without breach of this Agreement by the Receiving Party or independently developing or acquiring by the Receiving Party; (c) is required to be disclosed by the Receiving Party by applicable law or court orders; or (d) is disclosed by the Receiving Party with prior written approval of the Disclosing Party.

 

 C: 

 

 

 

7.Termination

Either party may terminate this Agreement without cause by giving written notice to the other party.

 

8.Independent Contractor
8.1The parties agree that Company and Supplier are independent contractors.
8.2In no event shall either party act as the other party’s agent, representative, employee, partner, or distributor, nor shall either party have any authority, express or implied, to create any obligation or responsibility on behalf of the other party.
8.3Neither party may assign this Agreement or any part thereof without the prior written consent of the other party.

 

9.Organization Change

Supplier makes any assignment for the benefit of creditors, or files any petition for dissolution or insolvent, or if any receiver is appointed for its business or property. This Agreement shall benefit and bind successors and assigns of you and of the Company.

 

10.Amendment

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

 

11.Indemnification

Either party hereby agrees to indemnify and hold harmless the other party or any third party from and against all losses arising out of or in connection with any breach of this Agreement.

 

12.The expiration or termination of this Agreement shall not prejudice any rights and obligations incurred under this Agreement prior to the expiration or termination. The provisions of Articles 4, 6, 9, and 11 shall survive the expiration or termination of this Agreement.

 

13.If for any reason a court of competent jurisdiction finds any provision of this Agreement invalid or unenforceable, that provision of the Agreement will be enforced to the maximum extent permissible and the other provisions of this Agreement will remain in full force and effect.

 

 C: 

 

 

 

14.The validity, performance and construction of this Agreement shall be governed by the laws of Republic of China. All disputes that may arise under or in relation to this Agreement shall be submitted to the court in Taipei, Taiwan.

 

15.This Agreement, including all appendices hereto, constitutes the complete and exclusive understanding and agreement between the parties regarding its subject matter and supersedes all prior or contemporaneous agreements or understandings, whether written or oral, relating to its subject matter.

 

16.This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

  

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers and effective as of the date first written above.

 

Farglory Life Insurance Co., Ltd.   Action Holdings Financial Limited
         
         
By:     By:  
Name:       Name:    
Title:     Title:  

 

 C: 

 

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Filing Submission 0001144204-16-100303   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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