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~~March 289, ~~2010~~2011

United eSystems, Inc.

(Exact name of registrant as specified in its charter)

Nevada	000-49745	91-2150635
(State or other jurisdiction of incorporation)	(Commission File Number)	IRS Employer Identification Number

2150 N. Highway 190 Covington, Louisiana		70433
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (228) 832-1597

(Former name or former address if changed since last report)

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:

o Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 18. ~~Registrant’s~~Other ~~Business and Operations~~Events

Item 18.01. Other ~~Entry into a Material Definitive Agreement~~Events.

On ~~December~~March 289, ~~2010~~2011, United eSystems, Inc. ~~(the “Company”)~~ entered into a ~~loan~~non-binding ~~and~~letter ~~security~~of ~~agreement~~intent ~~(the~~with ~~“Agreement”)~~Unified ~~with~~Processing ~~Robert~~LLC, J.a ~~Sorrentino~~payment services company pursuant to which ~~Mr.~~we ~~Sorrentino~~intend ~~will~~to ~~loan~~purchase ~~the~~substantially ~~Company~~all ~~$500,000~~of asthe ~~evidenced~~assets byof aUnified, ~~secured~~including ~~promissory~~all ~~note~~of tothe beassets ~~issued~~of byits ~~the~~affiliates. The ~~Company~~assets onto orbe ~~about~~purchased ~~December~~include ~~29,~~a ~~2010~~portfolio ~~upon~~of ~~receipt~~merchant ofaccounts ~~loan~~that ~~proceeds~~utilize ~~from~~automated ~~Mr.~~clearing ~~Sorrentino,~~house ~~bearing~~(ACH) ~~interest~~services. The atparties ~~the~~have ~~greater~~not ofyet ~~(i)~~determined ~~12%~~a ~~per~~final ~~annum~~purchase orprice, ~~(ii)~~but the ~~30-day~~letter ~~LIBOR~~of ~~rate,~~intent ascontemplates ~~published~~that inof the ~~Wall~~final ~~Street~~agreed ~~Journal~~upon ~~plus~~purchase 1price,~~075~~ ~~basis~~we ~~points~~will ~~(the~~pay ~~“Note”). The~~$1,500,000 ~~interest~~in ~~rate~~cash ~~will~~or ~~change~~debt ~~each time~~ and asthe ofremainder ~~the~~will ~~date~~be ~~that~~payable ~~the~~in ~~30-day~~shares ~~LIBOR~~of ~~rate~~our ~~changes~~common stock. ~~Commencing~~We onanticipate ~~January~~that ~~29,~~the ~~2011~~shares ~~and continuing~~ to ~~and~~be ~~including~~issued to the ~~same~~owners ~~day~~ of ~~each~~Unified ~~month~~in ~~thereafter,~~connection towith ~~and including December 29, 2013,~~ the ~~Company~~asset ~~shall~~purchase ~~make~~will ~~monthly~~represent ~~installments~~approximately ~~consisting~~34% of ~~principal~~our issued and ~~accrued~~outstanding ~~interest. Each~~shares ~~monthly~~of ~~payment~~common ~~shall~~stock ~~consist~~following ofthe aclosing ~~payment~~of ~~equal~~the ~~to $13,888~~transaction.89 It ~~plus~~is ~~the~~also ~~accrued~~anticipated ~~interest~~ that ~~has~~upon ~~accrued~~closing onof the ~~outstanding~~transaction, ~~balance from~~ the ~~month~~owners ~~preceding~~of ~~the~~Unified ~~due~~will ~~date~~have ~~for such payment based on~~ the ~~interest~~right ~~rate~~to ~~applicable~~appoint ~~for~~two ~~that~~individuals ~~particular~~to ~~month. In~~our ~~the~~Board ~~event~~ of aDirectors ~~default,~~and that the ~~entire~~current ~~principal~~CEO ~~amount~~ of ~~the~~Unified ~~Note~~will ~~shall~~enter ~~become~~into ~~immediately~~a ~~due~~three ~~and~~year ~~payable~~employment ~~and~~agreement ~~such~~with ~~principal~~us ~~shall~~as ~~thereafter~~an ~~accrue~~executive ~~interest at the interest rate described above plus 3%~~officer. The ~~Note~~proposed acquisition is ~~secured~~subject byto ~~all of~~ the ~~assets,~~completion ~~existing,~~of ~~owned~~due ordiligence ~~hereafter~~by ~~acquired~~both byparties and the ~~Company~~negotiation ~~pursuant~~and topreparation ~~the~~of ~~loan~~a ~~and~~definitive ~~security~~purchase agreement~~. Mr.~~, ~~Sorrentino~~and ~~currently~~we ~~owns~~can ~~approximately~~provide ~~22.7%~~no ofassurance that the ~~Company’s~~proposed ~~outstanding~~transaction ~~common~~will ~~stock~~be consummated.

The foregoing descriptions of the Agreement and the Note do not purport to be complete and are qualified in their entirety by reference to the respective documents which are filed as Exhibits 10.1 and 10.2, respectively, to this current report and are incorporated herein by reference.

Section 2. Financial Information

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

See Item 1.01 of this current report which is incorporated herein by reference.

Section 9. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d)	Exhibits
	Exhibit Number	Exhibit Title or Description
	10.1	Loan and Security Agreement between United eSystems, Inc. and Robert J. Sorrentino, dated December 28, 2010.
	10.2	Robert J. Sorrentino Promissory Note dated December 29, 2010.

SIGNATURES

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.

		UNITED eSYSTEMS, INC.
Dated: December 29, 2010		By: /s/ Walter Reid Green, Jr.
Dated: March 15, 2011		By: /s/ Walter Reid Green, Jr.
		Walter Reid Green, Jr.
		Chief Executive Officer and Chief Financial Officer

UNITED eSYSTEMS, INC.

EXHIBIT INDEX

	Exhibit Number		Exhibit Title or Description
	10.1		Loan and Security Agreement between United eSystems, Inc. and Robert J. Sorrentino, dated December 28, 2010.
	10.2		Robert J. Sorrentino Promissory Note dated December 29, 2010.

Filing Compare · United eSystems, Inc.