Armco Metals Holdings, Inc. - FORM 10-Q - EX-10.25 - LOAN COOPERATION AGREEMENT BETWEEN FREMERY HOLDINGS, LTD. AND CHINA ARMCO METALS, INC. DATED AUGUST 5, 2010 - November 15, 2010

Attached files

file filename
EX-31.2 - RULE 13A-14(A)/ 15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - Armco Metals Holdings, Inc.exh31-2.htm
EX-31.1 - RULE 13A-14(A)/ 15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - Armco Metals Holdings, Inc.exh31-1.htm
EX-10.23 - UNCOMMITTED BANKING FACILITIES AGREEMENT BETWEEN ARMCO & METAWISE (HK) LIMITED AND ING BANK, N.V. DATED AUGUST 12, 2010 - Armco Metals Holdings, Inc.exh10-23.htm
EX-10.22 - BANKING FACILITIES AGREEMENT BETWEEN ARMCO & METAWISE (H.K.) LIMITED AND DBS BANK (HONG KONG) LIMITED DATED AUGUST 6, 2010 - Armco Metals Holdings, Inc.exh10-22.htm
10-Q - FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2010 - Armco Metals Holdings, Inc.cnam10-q.htm
EX-32 - SECTION 1350 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER - Armco Metals Holdings, Inc.exh32.htm
EX-10.24 - AMENDMENT NO. 1 DATED JULY 23, 2010 TO THE UNCOMMITTED TRADE FINANCE FACILITIES AGREEMENT BETWEEN ARMCO & METAWISE (H.K.) LIMITED AND RZB AUSTRIA FINANCE (HONG KONG) DATED MARCH 25, 2009 - Armco Metals Holdings, Inc.exh10-24.htm
 
Exhibit 10.25
 
Loan Cooperation Agreement
Date: August 5, 2010
Lender (Party A) : Fremery Holdings Ltd.

909 North Tower, Concordia Plaza, 1 Science Museum Road, TST East, Kowloon, Hong Kong.
Authorized Representative:  K.P. Chan

Borrower (Party B) : China Armco Metals, Inc.

One waters park drive, suite 98, San Mateo CA 94403
Authorize Representative: Kexuan Yao

After friendly consultations conducted between Party A and Party B, Party A has agreed to provide loans to Armco & Metawise (HK) Ltd., a Hong Kong based subsidiary of Party B.

The terms are as follows:

 
1.
Party A agreed to provide US$1,500,000 (UD Dollars one million five hundred thousand only) to Armco & Metawise (HK) Ltd. With account as follows:

Account Name: Armco & Metawise (HK) Ltd.
Company Address:
1407 China Resources Building, 26 Harbour Road,
Wanchai, Hong Kong
Bank Name:  Raiffeisen Zentralbank Oesterreich AG (Beijing branch)
Full Address of the Bank:
200 Beijing International Club 21 Jianguormenwai
Jiajie Beijing 100020 PR, China
Bank SWIFT: RZBACNBJ
Bank Account Number: 19887

 
2.
Loan Period: One Month

 
3.
Interest: Interest to be 15% annually and 30% annually for the period after one month but maximum not more than 90 days


Lender (Party A) : Fremery Holdings Ltd.

/s/K.P. Chan
Authorized Representative: K.P. Chan

Borrower (Party B) : China Armco Metals, Inc.
 
/s/Kexuan Yao
Authorized Representative: Kexuan Yao

Armco Metals Holdings, Inc. Reports

Also read