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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">SECURITIES AND EXCHANGE COMMISSION</font></div>
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<tr>
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<tr>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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Agreement</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">On January 28 2010, Hotel Outsource Management
International, Inc. (&#8220;HOMI&#8221;) entered into two loan agreements with related
parties.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Pursuant to one loan agreement, Bahry Business &amp;
Finance (1994) Ltd, which is a company owned by HOMI&#8217;s Chairman, Mr. Avraham
Bahry, loaned HOMI 1,125,000 New Israeli Shekels (c. $300,000). The loan is for
a period of four years, with quarterly repayments and including two years&#8217; grace
on the principal. During the grace period, the lender is entitled to convert the
loan into shares of HOMI&#8217;s common stock, at a price per share of $0.08 during
the first year and $0.12 during the second year. The loan is index linked to
Israel&#8217;s Consumer Price Index and bears interest at a rate of 6% per
annum.</font></div>
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Daniel Cohen, loaned HOMI $100,000. The loan is for a period of four years, with
quarterly repayments and including two years&#8217; grace on the principal. During the
grace period, the lender is entitled to convert the loan into shares of HOMI&#8217;s
common stock, at a price per share of $0.08 during the first year and $0.12
during the second year. The loan bears interest at a rate of 8% per
annum.</font></div>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">10.1&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Loan Agreement by and between HOMI and Bahry Business
      &amp; Finance (1994) Ltd dated January 28,
2010.</font></div>
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    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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            <td align="right" style="WIDTH: 72pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">10.2&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Loan Agreement by and between HOMI and Daniel Cohen
      dated January 28, 2010.</font></div>
            </td>
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        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160; </font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman"><font id="TAB1" style="FONT-SIZE: 12pt; MARGIN-LEFT: 36pt"></font><font style="FONT-SIZE: 12pt">Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the Registrant has duly caused this
report to be signed on its behalf by the undersigned, hereto duly
authorized.</font></font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
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            <td align="left" valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">January 29, 2010</font></div>
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            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160; </font></td>
            <td align="left" valign="top" width="45%">
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      Inc.</font></div>
            </td>
          </tr><tr>
            <td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160; </font></td>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160; </font></td>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160; </font></td>
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            <td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160; </font></td>
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Officer</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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{"company-data": {"conformed-name": "HOTEL OUTSOURCE MANAGEMENT INTERNATIONAL INC", "cik": "0001174814", "assigned-sic": "5900", "irs-number": "134167393", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50306", "film-number": "10564714"}, "business-address": {"street1": "80 WALL ST", "street2": "STE 815", "city": "NEW YORK", "state": "NY", "zip": "10005", "phone": "2123441600"}, "mail-address": {"street1": "80 WALL STREET", "street2": "SUITE 815", "city": "NEW YORK", "state": "NY", "zip": "10005"}}
form8_k.htm
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
January 28, 2010
Date of Report (Date of earliest event
      reported)
Hotel Outsource Management International,
      Inc.
(Exact Name of Registrant as Specified in Its
      Charter)
Delaware
6719
13-4167393
(State or Other Jurisdiction of
Commission File
(I.R.S. Employer
Incorporation or Organization)
Number
Identification
No.)
80 Wall Street, Suite 815, New York, New
      York
10005
(Address of Principal Executive
    Offices)
(Zip Code)
212-344-1600
Registrant's telephone number, including area
      code
(Former Name or former Address, if Changed Since Last
      Report)
Item 1.01- Entry into a Material Definitive
Agreement
On January 28 2010, Hotel Outsource Management
International, Inc. ("HOMI") entered into two loan agreements with related
parties.
Pursuant to one loan agreement, Bahry Business &
Finance (1994) Ltd, which is a company owned by HOMI's Chairman, Mr. Avraham
Bahry, loaned HOMI 1,125,000 New Israeli Shekels (c. $300,000). The loan is for
a period of four years, with quarterly repayments and including two years' grace
on the principal. During the grace period, the lender is entitled to convert the
loan into shares of HOMI's common stock, at a price per share of $0.08 during
the first year and $0.12 during the second year. The loan is index linked to
Israel's Consumer Price Index and bears interest at a rate of 6% per
annum.
Pursuant to a second loan agreement, HOMI's President, Mr.
Daniel Cohen, loaned HOMI $100,000. The loan is for a period of four years, with
quarterly repayments and including two years' grace on the principal. During the
grace period, the lender is entitled to convert the loan into shares of HOMI's
common stock, at a price per share of $0.08 during the first year and $0.12
during the second year. The loan bears interest at a rate of 8% per
annum.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
10.1
Loan Agreement by and between HOMI and Bahry Business
      & Finance (1994) Ltd dated January 28,
2010.
10.2
Loan Agreement by and between HOMI and Daniel Cohen
      dated January 28, 2010.
2
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the Registrant has duly caused this
report to be signed on its behalf by the undersigned, hereto duly
authorized.
January 29, 2010
Hotel Outsource Management International,
      Inc.
By:
/s/Jacob Ronnel
Name:
Jacob Ronnel
Title:
Chief Executive
Officer
3