Exhibit 10.2





 


AMENDMENT 2 TO ACQUISITION AGREEMENT



 


This Amendment 2
to Acquisition Agreement (this “Amendment”), dated February 17, 2016 is entered into by and among China United
Insurance Service, Inc., a company with limited liability incorporated under the laws of Delaware (“CUIS”),
Action Holdings Financial Limited, a company with limited liability incorporated under the laws of British Virgin Islands (“AHFL”)
and a wholly-owned subsidiary of CUIS and Mr. LI CHWAN HAU, a Taiwan citizen with Taiwan ID No: B120352285, the shareholder of
Genius Holdings Financial Limited (“GHFL”) (the “Selling Shareholder”).


 


CUIS and the Selling
Shareholder are collectively referred to as the “Parties” and each a “Party” under this Amendment.


 


WHEREAS, the Parties
entered into the Acquisition Agreement on February 13, 2015 (the “Agreement”), pursuant to which CUIS approved
the Acquisition with GHFL becoming a direct wholly owned Subsidiary of AHFL as a result of the Acquisition and approved the granting
of the Put Option.


 


WHEREAS, It is expected
by the Selling Shareholders that CUIS shall complete its listing in major capital markets after the said acquisition, and it comes
to the attention of the Board of Directors of CUIS that Selling Shareholders start to show dissatisfaction as well as frustration
towards CUIS's failure to list in major capital markets, which, in the reasonable judgment of the Board, may seriously jeopardize
the business operation, performance as well as stability of CUIS.


 


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:


 


CUIS is committed
to (i) complete the listing of CUIS into major capital markets, where the net proceeds raised through such public offering financing
shall be at least USD 10,000,000 prior to February 28, 2016; and (ii) failure to timely complete the above-mentioned criteria shall
be deemed as a material breach of CUIS under Article 8 of the Acquisition Agreement, where the Selling Shareholders shall be entitled
to revoke the exercised Put Option right ruled in Section 2.8 as if the said Put Option had have never happened. For the avoidance
of doubt, nothing contained herein shall relieve any parties of any rights and/or obligations whatsoever accrued subsequent to
and beyond the said acquisition.


 






     


     


    

 


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/ Mao Yi Hsiao

	Mao Yi Hsiao, Director


 


 


 


	
        Action Holdings Financial Limited

        

        

        By:/s/ Mao Yi Hsiao

	Mao Yi Hsiao, Director


 









	
        Selling Shareholder of GHFL

        

        

        By:/s/ Li Chwan-Hau

	LI Chwan-Hau