Exhibit 10.45
Lease Agreement of Coking Operations
| Party A: | Pingdingshan Hongfeng Coal Processing and Coking, Ltd.. |
| Party B: | Henan Province Pingdingshan Hongli Coal and Coke Co., Ltd. |
Parties A and B, through mutual negotiations, and in light of Party A being the trustee of Pingdingshan Hongyetai Industry and Trade Co., Ltd. (hereinafter referred to as “Hongyetai”), agree in Pingdingshan on April 8, 2015, as follows:
| 1. | Party B shall lease Hongyetai’s No. 1 coke furnace (200,000 metric tons capacity) from Party A for coke processing. |
| 2. | The lease term is one year. |
| 3. | During the lease term, Party A may not engage in any activities outside the scope of the activities set forth in the business license. |
| 4. | Party B shall be solely responsible to arrange production staff and management personnel for the No. 1 coke furnace. |
| 5. | Party A shall charge a lease fee of RMB 60 per metric ton of coke produced. Party B shall be solely responsible for salaries and equipment maintenance fees incurred in connection with the No. 1 coke furnace. |
| 6. | The parties may file lawsuits to resolve dispute arising from this agreement to the court where this agreement was entered into. |
| 7. | This agreement shall be made in four copies, with Parties A and B each holding two, and shall become effective upon the parties’ seal. |
| Party A: | Party B: | |
| [seal of Pingdingshan Hongfeng | [seal of Henan Province Pingdingshan | |
| Coal Processing and Coking, Ltd.] | Hongli Coal & Coke Co., Ltd.] | |
| April 8, 2015 |