Current Report Filing (8-k)
December 23 2014 - 4:21PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 23, 2014
CHINA UNITED INSURANCE SERVICE, INC.
(Exact name of registrant as specified in
its charter)
000-54884
(Commission File Number)
Delaware |
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98-6088870 |
(State or other jurisdiction
of incorporation) |
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(I.R.S. Employer
Identification No.) |
7F, No. 311 Section 3, Nan-King East
Road, Taipei City, Taiwan
(Address of principal executive offices)
+8862-87126958
(Registrant’s Telephone
Number, Including Area Code)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d 2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into
Material Definitive Agreement
On December 23, 2014, Action Holdings Financial
Limited (“AHFL”), a wholly-owned British Virgin Islands subsidiary of China United Insurance Service, Inc. (the “Company”
or “CUIS”), entered into a Loan Agreement (the “Loan Agreement”) with Lee Shu-Fen (“Ms. Lee”),
the Series A Director of the Company.
Pursuant to the Loan Agreement, Ms. Lee
will provide a loan in the amount of $314,942 (NTD10 million) (the “Loan”) to AHFL. The term for the Loan shall be
from December 23, 2014 to December 22, 2015 with a fixed interest rate at 1.5%. The principal amount of the Loan together with
the accrued interest shall be paid in one lump sum before December 22, 2015.
The Loan Agreement is included as Exhibit
10.1 to this Current Report on Form 8-K and its terms are incorporated herein by reference.
Item 9.01 Financial
Statements and Exhibits.
Exhibit |
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Description |
10.1 |
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Loan Agreement |
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CHINA UNITED INSURANCE SERVICE, INC. |
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Date: December 23, 2014 |
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By: |
/s/Mao Yi-Hsiao |
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Name: |
Mao Yi-Hsiao |
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Title: |
Chief Executive Officer |
EXHIBIT INDEX
Exhibit |
|
Description |
10.1 |
|
Loan Agreement |
Exhibit 10.1
Loan Agreement
The Loan Agreement (the "Agreement") is entered into
as of December 23, 2014 between the following two parties:
(1) Lee, Shu-Fen (the "Lender")
(2) 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. (the "Borrower")
The Lender and the Borrower will each be
referred to as a "Party" and collectively referred to as the "Parties."
WHEREAS, the Borrower wishes to borrow
a short-term loan from the Lender for its short-term payments and the Lender agrees to provide such loan to the Borrower for such
specified purpose.
NOW THEREFORE, the Parties agree as follows:
| 1. | The Lender agrees to provide the loan at amount NTD10,000,000 (the “Loan”) to the Borrower and agrees to remit
such Loan to the account owned by the Borrower (No. 015540322880 at Chinatrust Bank) upon the effective date of this Agreement. |
| 2. | Term for the Loan shall be from December 23, 2014 to December 22, 2015 (the “Term”) with a fixed interest rate
at 1.5%. The principal amount of the Loan together with the accrued interest shall be paid in one lump sum before December 31,
2015. |
IN WITNESS WHEREOF, the Parties have duly executed
this Agreement, or have caused this Agreement to be duly executed on their behalf, as of the date first hereinabove set forth.
Lender: Lee, Shu-Fen
Borrower: Action Holdings Financial Limited
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