AMENDMENT 5 TO ACQUISITION AGREEMENT
Exhibit 10.91
AMENDMENT 5 TO ACQUISITION AGREEMENT
This Amendment 5 to Acquisition Agreement (this “Amendment”), dated March 12, 2017 is entered into by and among China United Insurance Service, Inc., a company with limited liability incorporated under the laws of Delaware (“CUIS”) and the selling shareholders of Action Holdings Financial Limited (“AHFL”) as listed in Schedule I of this Amendment (the “Selling Shareholders”) .
CUIS and the Selling Shareholders are collectively referred to as the “Parties” and each a “Party” under this Amendment.
WHEREAS, the Parties entered into the Acquisition Agreement on August 24, 2012 (the “Agreement”), pursuant to which CUIS acquired any and all issued and outstanding shares of AHFL and became the sole shareholder of AHFL, and the Parties agreed that CUIS shall pay the consideration set forth in Section 2.2 of the Agreement for such acquisition.
WHEREAS, the Company and the selling shareholders of AHFL entered into a fourth amendment to the Agreement, pursuant to which, on or prior to March 31, 2017, the Company agreed to distribute the cash payment in the amount of NT$15 million.
WHEREAS, the Selling Shareholders and CUIS desire to amend certain provisions of Sections 2.2(iii) of the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and subject to and on the terms and conditions set forth herein, the Parties hereto agree as follows:
To amend and restate Sections 2.2(iii):
(iii) pay NT$15 million to the Selling Shareholders in the amounts set forth opposite each Selling Shareholder's name on Schedule I on or prior to March 31, 2019 or at any other time or in any other manner otherwise agreed upon by and among the Parties.
Capitalized terms defined in the Agreement have, unless expressly defined in this Amendment or the context requires otherwise, the same meaning in the Agreement.
Except amended by this Amendment, any other provision of the Agreement shall remain unchanged. This Amendment together with the Agreement shall constitute the entire agreement among the Parties with respect to the subject matter of the Agreement and shall supersede all previous communications of the Parties in respect of the subject matter of the Agreement. This Amendment is made in one or more counterparts, all of which will be considered one and the same agreement and will become effective. When one or more counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart.
IN WITNESS WHEREOF the Parties hereto have executed this Amendment as of the day and year first above written.
China United Insurance Service, Inc. | ||
By: | /s/Xx-Xxxxx Mao | |
Name: | Xx-Xxxxx Mao | |
Title: | Director |
By: /s/ MAO XX XXXXX | By: /s/ XXXX XXXXX HSIEN | |
Name: MAO XX XXXXX | Name: XXXX XXXXX HSIEN | |
By: /s/ XXXX XXXX JU | By: /s/ XX XXXX CHI | |
Name: XXXX XXXX JU | Name: XX XXXX CHI | |
By: /s/ CHENG MIN LUNG | By: /s/ CHEN XXXX XXX | |
Name: CHENG MIN LUNG | Name: CHEN XXXX XXX | |
By: /s/ XXX XXXX HSING | By: /s/ XXXX XXX TZU | |
Name: XXX XXXX HSING | Name: XXXX XXX TZU | |
By: /s/ YEH FU CHAO | By: /s/ CHEN XXXX XXXXX | |
Name: YEH FU CHAO | Name: CHEN XXXX XXXXX | |
By: /s/ XXX XXXX XXX | By: /s/ CHEN XX XXXXX | |
Name: XXX XXXX XXX | Name: CHEN XX XXXXX | |
By: /s/ XX XXXX CHIN | By: /s/ XXXX XX LING | |
Name: XX XXXX CHIN | Name: XXXX XX LING | |
By: /s/ WANG XXXX XXXXX | By: /s/ CHEN PO CHIANG | |
Name: WANG XXXX XXXXX | Name: CHEN PO CHIANG | |
By: /s/ XXXX XXXXX HUNG | By: /s/ XXXXXX XXX TE | |
Name: XXXX XXXXX HUNG | Name: XXXXXX XXX TE | |
By: /s/ LI BI E | By: /s/ LIN KUNG YEN | |
Name: LI BI E | Name: LIN KUNG YEN | |
By: /s/ XXXX XXX CHIA | By: /s/ HONG XXXXX XXX | |
Name: XXXX XXX CHIA | Name: HONG XXXXX XXX | |
By: /s/ XXXX XXXXX XXXX | By: /s/ XXXX XX HUA | |
Name: XXXX XXXXX XXXX | Name: XXXX XX HUA | |
By: /s/ XXX YA XXX | By: /s/ XXX XXXXX | |
Name: XXX YA XXX | Name: XXX XXXXX | |
By: /s/ XXXX XXX CHUAN | By: /s/ WANG XXX XXX | |
Name: XXXX XXX CHUAN | Name: WANG XXX XXX | |
By: /s/ XXXX XXXX MING | By: /s/ XXX XX WEI | |
Name: XXXX XXXX MING | Name: XXX XX WEI | |
By: /s/ XXXXX XXXXX XXX XXXXX | By: /s/ XXXXX XXXXX LING | |
Name: XXXXX XXXXX XXX XXXXX | Name: XXXXX XXXXX LING |
By: /s/ YANG XXXX XXX | By: /s/ XXX XXXX HUA | |
Name: YANG XXXX XXX | Name: XXX XXXX HUA | |
By: /s/ XXX XXX XXXX | By: /s/ XXX XXX TUNG | |
Name: XXX XXX XXXX | Name: XXX XXX TUNG | |
By: /s/ XXXX XXXX HUNG | By: /s/ XXXXX XXX JHEN | |
Name: XXXX XXXX HUNG | Name: XXXXX XXX JHEN | |
By: /s/ TSAI XXX XXXX | By: /s/ XXXX XXX HSIEN | |
Name: TSAI XXX XXXX | Name: XXXX XXX HSIEN | |
By: /s/ WU CHI TAI | By: /s/ XXX XXX YU | |
Name: WU CHI TAI | Name: XXX XXX YU | |
By: /s/ XXXX XXXXX YU | By: /s/ TU WEI PIN | |
Name: XXXX XXXXX YU | Name: TU WEI PIN | |
By: /s/ JIANG XXX XXX | By: /s/ TU XXXXX XXX | |
Name: JIANG XXX XXX | Name: TU XXXXX XXX | |
By: /s/ XXX XXXX WEI | By: /s/ XXXX XXX XXXX | |
Name: XXX XXXX WEI | Name: XXXX XXX XXXX | |
By: /s/ TU WEN TI | By: /s/ XXXXXX XXXX CHI | |
Name: TU WEN TI | Name: XXXXXX XXXX CHI | |
By: /s/ XXXX XXX CHE | By: /s/ CHIN LI HSUN | |
Name: XXXX XXX CHE | Name: CHIN LI HSUN | |
By: /s/ XXXXX XXXX CHI | By: /s/ YEH JEI HUA | |
Name: XXXXX XXXX CHI | Name: YEH JEI HUA | |
By: /s/ XXXX XX XXXX | By: /s/ XXX XXXX CHIANG | |
Name: XXXX XX XXXX | Name: XXX XXXX CHIANG | |
By: /s/ XXXX XXXX XXXX | By: /s/ SHIH XXX XXXX | |
Name: XXXX XXXX XXXX | Name: SHIH XXX XXXX | |
By: /s/ CHENG YA FEN | By: /s/ XXXX XXXXXX LI | |
Name: CHENG YA FEN | Name: XXXX XXXXXX LI | |
By: /s/ XXXXX XXXX CHIEH | By: /s/ XXX XX FANG | |
Name: XXXXX XXXX CHIEH | Name: XXX XX FANG |
By: /s/ XXXX XX LAN | By: /s/ XXXXX XXX XXXX | |
Name: XXXX XX LAN | Name: XXXXX XXX XXXX | |
By: /s/ XXX XX HSUN | By: /s/ YEH XXX XX | |
Name: XXX XX HSUN | Name: YEH XXX XX | |
By: /s/ XXXX XXXX XXXX | By: /s/ YANG XXXXXX XXX | |
Name: XXXX XXXX XXXX | Name: YANG XXXXXX XXX | |
By: /s/ NIEN XXX XXX | By: /s/ XXXX XXXX PEI | |
Name: NIEN XXX XXX | Name: XXXX XXXX PEI | |
By: /s/ SHEN XXX XXXX | By: /s/ WANG XXXX XXXX | |
Name: SHEN XXX XXXX | Name: WANG XXXX XXXX | |
By: /s/ CHEN XXXXX XXX | By: /s/ XXXXX XXX WEN | |
Name: CHEN XXXXX XXX | Name: XXXXX XXX WEN | |
U-Li Investment Consulting Enterprise Co., Ltd. | Marcopolo Investment Company Ltd. | |
By: /s/ XXX XXX FEN | By: /s/ XXXX XXXXX HSIEN | |
Name: XXX XXX FEN | Name: XXXX XXXXX HSIEN | |
Title: Director | Title: Director | |
XXXXX XXXX Investment Co., Ltd. | XXXX XXXX Investment Co., Ltd. | |
By: /s/ XX XXXX CHI | By: /s/ XXX XXXX HSING | |
Name: XX XXXX CHI | Name: XXX XXXX HSING | |
Title: Director | Title: Director | |
FENG SHOU Investment Co., Ltd. | By: /s/ XXXX XXXXX XXXX | |
By: /s/ XXXX XXXX JU | Name: XXXX XXXXX XXXX | |
Name: XXXX XXXX JU | ||
Title: Director |
Schedule I
No. | Shareholder Name | Amount of Cash Paid to the Selling Shareholders on or prior to Xxxxx 00, 0000 | ||
0 | XXX XX XXXXX | 1,366,117 | ||
2 | XXXX XXXXX HSIEN | 91,941 | ||
3 | XXXX XXXX JU | 974,276 | ||
4 | XX XXXX CHI | 487,345 | ||
5 | CHENG MIN LUNG | 583,112 | ||
6 | CHEN XXXX XXX | 155,285 | ||
7 | XXX XXXX HSING | 20,633 | ||
8 | XXXX XXX TZU | 103,089 | ||
9 | YEH FU CHAO | 109,494 | ||
10 | CHEN XXXX XXXXX | 206,357 | ||
11 | XXX XXXX XXX | 315,082 | ||
12 | CHEN XX XXXXX | 40,122 | ||
13 | YU XXX XXXX | 33,440 | ||
14 | XXXX XX LING | 100,036 | ||
15 | WANG XXXX XXXXX | 8,345 | ||
16 | CHEN PO CHIANG | 8,741 | ||
17 | XXXX XXXXX HUNG | 36,292 | ||
18 | XXXXXX XXX TE | 380,343 | ||
19 | LE BI E | 26,914 | ||
20 | LIN KUNG YEN | 38,362 | ||
21 | XXXX XXX CHIA | 98,248 | ||
22 | HONG XXXXX XXX | 43,317 | ||
23 | XXXX XXXXX XXXX | 26,049 | ||
24 | XXXX XX HUA | 37,669 |
No. | Shareholder Name | Amount of Cash Paid to the Selling Shareholders on or prior to March 31, 2019 | ||
25 | XXX YA XXX | 170,464 | ||
26 | XXX XXXXX | 40,020 | ||
27 | XXXX XXX CHUAN | 14,514 | ||
28 | WANG XXX XXX | 7,457 | ||
29 | XXXX XXXX MING | 29,793 | ||
30 | XXX XX WEI | 102,102 | ||
31 | XXXXX XXXXX XXX XXXXX | 50,507 | ||
32 | XXXXX XXXXX LING | 40,319 | ||
33 | YANG XXXX XXX | 20,126 | ||
34 | XXX XXXX HUA | 101,928 | ||
35 | XXX XXX XXXX | 34,232 | ||
36 | XXX XXX TUNG | 27,535 | ||
37 | XXXX XXXX HUNG | 42,855 | ||
38 | XXXXX XXX XXXX | 6,651 | ||
39 | TSAI XXX XXXX | 96,892 | ||
40 | WU CHI TAI | 14,053 | ||
41 | XXX XXX YU | 15,215 | ||
42 | XXXX XXXXX YU | 37,659 | ||
43 | TU WEI PIN | 38,304 | ||
44 | JIANG XXX XXX | 29,187 | ||
45 | TU XXXXX XXX | 25,681 | ||
46 | XXX XXXX WEI | 6,589 | ||
47 | XXXX XXX YING | 7,688 | ||
48 | XXXX XXX HSIEN | 115,275 | ||
49 | TU WEN TI | 32,531 | ||
50 | XXXXXX XXXX CHI | 35,360 | ||
51 | XXXX XXX CHE | 39,684 | ||
52 | CHIN LI HSUN | 20,206 | ||
53 | XXXXX XXXX CHI | 30,440 | ||
54 | YEH JEI HUA | 37,886 |
No. | Shareholder Name | Amount of Cash Paid to the Selling Shareholders on or prior to March 31, 2019 | ||
55 | XXXX XX XXXX | 10,103 | ||
56 | XXX XXXX CHIANG | 12,558 | ||
57 | XXXX XXXX XXXX | 3,293 | ||
58 | SHIH XXX XXXX | 10,224 | ||
59 | CHENG YA FEN | 6,627 | ||
60 | XXXX XXXXXX LI | 10,224 | ||
61 | XXXXX XXXX CHIEH | 10,224 | ||
62 | XXX XX FANG | 10,224 | ||
63 | XXXX XX LAN | 6,890 | ||
64 | XXXXX XXX XXXX | 20,460 | ||
65 | XXX XX HSUN | 5,819 | ||
66 | YEH XXX XX | 10,224 | ||
67 | XXXX XXXX XXXX | 6,890 | ||
00 | XXXX XXXXXX XXX | 00,000 | ||
00 | XXXX XXX XXX | 10,224 | ||
70 | XXXX XXX PEI | 10,224 | ||
71 | SHEN XXX XXXX | 3,334 | ||
72 | WANG XXXX XXXX | 3,596 | ||
73 | CHEN XXXXX XXX | 3,596 | ||
74 | XXXXX XXX WEN | 3,596 | ||
75 | U-Li Investment Consulting Enterprise Co., Ltd. | 5,107,500 | ||
76 | Marcopolo Investment Company Ltd. | 909,254 | ||
77 | XXXXX XXXX Investment Co., Ltd. | 858,740 | ||
78 | XXXX XXXX Investment Co., Ltd. | 626,375 | ||
79 | FENG SHOU Investment Co., Ltd. | 757,712 | ||
80 | XXXX XXXXX XXXX | 10,103 | ||
Total | NT$15 MILLION |