Document:

<PAGE>
                                                                   Exhibit 10.45

                       AMENDMENT NO. 3 TO LEASE AGREEMENT

This Amendment No. 3 to Lease Agreement, dated as of August 23, 2007 (this
"Amendment"), is entered into by ABITIBI CONSOLIDATED SALES CORP., a Delaware
Corporation ("Landlord") and SNOWFLAKE WHITE MOUNTAIN POWER, LLC, an Arizona
limited liability company ("Tenant").

                                    RECITALS

A. Landlord and Tenant have entered into that certain Lease Agreement, dated as
of September 14, 2005 (as amended, amended and restated, supplemented or
otherwise modified from time to time in accordance with the terms thereof and
hereof, the "Lease"). Capitalized terms used herein but not defined herein have
the meaning given in the Lease.

B. Landlord, COBANK, ACB ("Lender") and Tenant have entered into that certain
Consent and Agreement, dated as of September 1, 2006 (the "Consent"), pursuant
to which the Lease was amended as described in the Consent.

C. Landlord and Tenant have entered into that certain Amendment No. 2 to Lease
Agreement, dated as of August 2, 2007 ("Amendment No. 2"), pursuant to which the
Lease was amended as described in Amendment No. 2.

D. Landlord and Tenant wish to further amend the Lease to correct the legal
descriptions of the Real Property as described on Exhibit A to the Lease.

     NOW THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows:

                                    AGREEMENT

     1. Amendment of Lease. Landlord and Tenant agree that the Lease shall be
amended as follows:

          (a) The number "6.82" in the third line of Recital A is hereby deleted
and replaced with the number "8.154."

          (b) Exhibit A to the Lease is hereby deleted in its entirety and
replaced with the Exhibit A attached to this Amendment.

     2. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH, AND BE GOVERNED BY, THE
LAWS OF THE STATE OF ARIZONA (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF
RELATING TO CONFLICTS OF LAW).

<PAGE>

     3. Counterparts. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument.

     4. Headings Descriptive. The headings of the several sections and
subsections of this Amendment are inserted for convenience only and shall not in
any way affect the meaning or construction of any provision of this Amendment.

     5. Severability. In case any provision in or obligation under this
Amendment shall be invalid, illegal or unenforceable in any jurisdiction,
legality and enforceability of the remaining provisions or obligations, or of
such provision or obligation in any other jurisdiction, shall not in any way be
affected or impaired thereby.

     6. Amendment, Waiver. Neither this Amendment nor any of the terms hereof
may be terminated, amended, supplemented, waived or modified except by an
instrument in writing signed by Landlord and Tenant.

     7. Successors and Assigns. This Amendment shall bind and benefit Landlord
and Tenant, and their respective successors and assigns.

     8. Entire Agreement. This Amendment and any agreement, document or
instrument attached hereto or referred to herein integrate all the terms and
conditions mentioned herein or incidental hereto and supersede all oral
negotiations and prior writings between the parties hereto in respect of the
subject matter hereof.

      [Remainder of page intentionally left blank - signature page follows]

                                       -2-

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 3
as of the date first written above.

ABITIBI CONSOLIDATED SALES CORP.        SNOWFLAKE WHITE MOUNTAIN POWER, LLC

By: /s/ John McKee                      By: /s/ Robert M. Worsley
    ---------------------------------       ------------------------------------
    Name                                    Name
Its: General Manager                    Its: Owner
     Title                                   Title

                                       -3-

<PAGE>

                                    EXHIBIT A

PARCEL 1

A portion of Section 21, Township 13 North, Range 19 East, of the Gila and Salt
River Base and Meridian, Navajo County, Arizona, and more particularly described
as follows:

Commencing at the Southeast corner of said Section 21; thence North 55 degrees
18 minutes 07 seconds West, a distance of 3292.40 feet to the TRUE POINT OF
BEGINNING; thence South 40 degrees 18 minutes 01 seconds West, a distance of
149.40 feet; thence North 65 degrees 30 minutes 02 seconds West, a distance of
141.56 feet; thence North 19 degrees 15 minutes 36 seconds East, a distance of
172.70 feet; thence North 23 degrees 08 minutes 54 seconds West, a distance of
24.96 feet; thence North 05 degrees 51 minutes 43 seconds West, a distance of
64.62 feet; thence North 27 degrees 34 minutes 33 seconds East, a distance of
72.77 feet; thence North 64 degrees 46 minutes 45 seconds East, a distance of
63.63 feet; thence North 36 degrees 35 minutes 29 seconds East, a distance of
132.76 feet; thence North 64 degrees 43 minutes 30 seconds West, a distance of
191.15 feet; thence North 63 degrees 27 minutes 15 seconds West, a distance of
68.18 feet; thence North 21 degrees 35 minutes 37 seconds East, a distance of
22.09 feet; thence North 64 degrees 30 minutes 37 seconds West, a distance of
14.85 feet; thence North 19 degrees 56 minutes 40 seconds West, a distance of
4.24 feet; thence North 61 degrees 10 minutes 56 seconds West, a distance of
37.26 feet; thence North 62 degrees 35 minutes 54 seconds West, a distance of
19.34 feet; thence North 26 degrees 56 minutes 55 seconds East, a distance of
33.32 feet; thence North 62 degrees 59 minutes 12 seconds West, a distance of
16.54 feet; thence North 26 degrees 59 minutes 48 seconds East, a distance of
176.95 feet; thence North 43 degrees 42 minutes 15 seconds East, a distance of
9.90 feet; thence South 62 degrees 36 minutes 40 seconds East, a distance of
1032.10 feet; thence South 11 degrees 32 minutes 52 seconds West, a distance of
72.28 feet to the beginning of a curve to the left, having a chord bearing of
South 72 degrees 12 minutes 11 seconds West and a radius of 937.12 feet through
a central angle of 45 degrees 10 minutes 28 seconds for a length of 738.87 feet,
to the TRUE POINT OF BEGINNING; EXCEPTING THEREFROM, all oil, gas and minerals
whatsoever (other than water flowing or lying on, or under said lands, which
shall not be recorded as mineral), in, on, underlying or appurtenant to said
land, and all the rights of ownership therein, as reserved to Aztec Land and
Cattle Company, Limited, a corporation, in Deed recorded in Book 134 of Official
Records, pages 218, 219 and 220 and amended by instrument recorded in Book 134
of Official Records, page 221, 222 and 223.

Said parcel contain 8.154 acres, more or less.

PARCEL 2

A portion of Section 27, Township 13 North, Range 19 East, of the Gila and Salt
River Base and Meridian, Navajo County, Arizona, more particularly described as
follows:

<PAGE>

Commencing at the Southeast corner of said Section 27; thence North 00 degrees
33 minutes 12 seconds East, along the East line of said Section 27, a distance
of 580.00 feet to the TRUE POINT OF BEGINNING; thence South 89 degrees 23
minutes 31 seconds West, a distance of 1573.92 feet; thence North 20 degrees 24
minutes 36 seconds East, a distance of 815.09 feet; thence South 73 degrees 46
minutes 09 seconds East, a distance of 58.51 feet; thence North 19 degrees 59
minutes 26 seconds East, a distance of 370.88 feet; thence North 06 degrees 37
minutes 58 seconds West, a distance of 807.00 feet; thence North 41 degrees 02
minutes 37 seconds East, a distance of 519.58 (M) feet; thence North 06 degrees
57 minutes 47 seconds West, a distance of 902.00 feet; thence North 34 minutes
44 minutes 32 seconds East, a distance of 1798.00 feet to a point on the East
line of said Section 27; thence Southerly along the East line of said Section
27, South 00 degrees 41 minutes 55 seconds West, a distance of 4646.00 feet to
the TRUE POINT OF BEGINNING; EXCEPTING THEREFROM, all oil, gas and minerals
whatsoever (other than water flowing or lying on, or under said lands, which
shall not be recorded as mineral), in, on, underlying or appurtenant to said
land, and all the rights of ownership therein, as reserved to Aztec Land and
Cattle Company, Limited, a corporation, in Deed recorded in Book 134 of Official
Records, pages 218, 219 and 220 and amended by instrument recorded in Book 134
of Official Records, page 221, 222 and 223.

Said parcel contain 100.8 acres, more or less.

PARCEL 3

A portion of Section 21, Township 13 North, Range 19 East, Gila and Salt River
Base and Meridian, Navajo County, Arizona and more particularly described as
follows:

Commencing at the Southeast corner of said Section 21; thence North 34 degrees
18 minutes 36 seconds West, a distance of 2433.98 feet to the TRUE POINT OF
BEGINNING; thence South 26 degrees 27 minutes 27 seconds West, a distance of
413.15 feet to the beginning of a curve to the right having a radius of 200 feet
through a central angle of 74 degrees 23 minutes 31 seconds, for a distance of
259.67 feet; thence North 82 degrees 28 minutes 13 seconds West, a distance of
290.89 feet; thence North 64 degrees 35 minutes 52 seconds West, a distance of
717.77 feet to a point on a non-tangent curve to the right having a chord
bearing of North 72 degrees 12 minutes 11 seconds East and a radius of 937.12
feet, through a central angle of 45 degrees 10 minutes 28 seconds, for a
distance of 738.87 feet; thence South 82 degrees 39 minutes 05 seconds East, a
distance of 654.88 feet, more-or-less, to the TRUE POINT OF BEGINNING; EXCEPTING
THEREFROM, all oil, gas and minerals whatsoever (other than water flowing or
lying on, or under said lands, which shall not be recorded as mineral), in, on,
underlying or appurtenant to said land, and all the rights of ownership therein,
as reserved to Aztec Land and Cattle Company, Limited, a corporation, in Deed
recorded in Book 134 of Official Records, pages 218, 219 and 220 and amended by
instrument recorded in Book 134 of Official Records, page 221, 222 and 223.

Said parcel contain 11.43 acres, more or less.

<PAGE>

EASEMENTS

An Easement for ingress and egress and for utilities, and until July 31, 2008
for construction, as created in that certain Ground Lease Agreement dated
September 14, 2005 by and between Snowflake White Mountain Power, LLC, an
Arizona limited liability company and Abitibi Consolidated Sales Corp., as
amended by that certain Consent and Agreement dated as of September 1, 2006, by
and among Abitibi Consolidated Sales Corp., CoBank, ACB and Snowflake White
Mountain Power, LLC, an Arizona limited liability company, and as may otherwise
be amended from time to time, all as evidenced by that certain Memorandum of
Ground Lease and Notice of Easement Rights, recorded September 08, 2006, in
Document No. 2006-27364 Navajo County Records.exv10w46

 

Exhibit 10.46

AGREEMENT

BETWEEN

RENEGY, LLC
MANUFACTURER

AND

 LONG BEACH SHAVINGS CO., INC.,

BUYER

 

 

AGREEMENT

This agreement is entered into on March 30, 2007,

	 	 	 	 	 
	 

	 	BETWEEN
	 	RENEGY, LLC,
	 

	 	 	 	an Arizona limited liability company 
	 

	 	 	 	(Manufacturer)
	 
	 	 	 	 
	 

	 	AND
	 	LONG BEACH SHAVINGS CO., INC.,
	 

	 	 	 	a California corporation
	 

	 	 	 	(Buyer).

The parties agree as follows:

1. BACKGROUND

This agreement is based on the following background:

	 	A.	 	Manufacturer produces wood shavings at its plant in Snowflake, Arizona.
	 
	 	B.	 	Buyer desires to purchase baled wood shavings from Manufacturer.

2. MANUFACTURE, SALE AND PURCHASE OF THE BALES

	 	A.	 	During each month during the term of this agreement, Manufacturer shall
produce 35,000 bagged and palletized bales of wood shavings for Buyer as follows:

	 	(1)	 	The wood shavings shall be manufactured from pine logs. Initially, not
more
than 40% of each bale shall be shavings from dry logs, with the balance
consisting of shavings from green logs. Manufacturer shall use its best efforts to
decrease the content of dry logs to zero, with the entire bale consisting of
shavings from green logs.
	 
	 	(2)	 	Each bale shall be twelve cubic feet and shall be of those dimensions
determined
by Buyer.

2

 

	 	(3)	 	Each bale shall be wrapped in a plastic bag. The bags shall be furnished by
Manufacturer at its sole cost and expense. Buyer shall provide the artwork to be
printed on the bags by Manufacturer. Manufacturer shall print all information
on the bags required by governmental agencies.
	 
	 	(4)	 	The wrapped bales shall be palletized. Each pallet shall be stretch wrapped.
Manufacturer shall furnish the pallets and stretch wrap, the cost thereof shall be
shared equally by Manufacturer and Buyer. Manufacturer shall invoice Buyer
for its proportionate share of such costs monthly, by the tenth day of the
succeeding month, which shall be paid within thirty days following receipt.
Accompanying each invoice shall be copies of all purchase orders, invoices and
the like documenting the costs to Manufacturer.
	 
	 	(5)	 	Subject to force majeuere events as discussed in Paragraph 4 below,
Manufacturer shall maintain a sufficient inventory to enable it to deliver the
bales to Buyer in approximately equal numbers on each business day during the
term of this agreement, unless the parties agree to a different delivery schedule
in writing.
	 
	 	(6)	 	Manufacturer shall use its best efforts to ensure that each bale delivered to Buyer
conforms to the provisions of this agreement. Buyer understands that in the
normal course of manufacturing the wood shavings insubstantial amounts of
foreign material may be included in any particular bale, which shall not
constitute a default under this agreement. Buyer shall notify Manufacturer of
any substantial non-conformities and Manufacturer shall promptly undertake
corrective procedures.

	 	B.	 	During each month during the term of this agreement, Buyer shall purchase the bales from
Manufacturer as follows:

	 	(1)	 	The minimum monthly purchase shall total 35,000 bales. The purchase price
shall be $3.55 per bale, fob Manufacturer’s plant in Snowflake, Arizona. Buyer
shall pay Manufacturer all invoices submitted for the month by the tenth day of
each following month.
	 
	 	(2)	 	In the event Manufacturer produces additional bales of wood shavings, Buyer
shall have the first right of refusal to purchase them at $3.55 per bale, fob
Manufacturer’s plant in Snowflake, Arizona, provided the bales are
manufactured in accordance with ¶A, above. =Buyer shall pay Manufacturer all
invoices submitted for the month by the tenth day of each following month.

3

 

3. ADJUSTMENT OF PURCHASE PRICE

Commencing October 1, 2008, and continuing each year thereafter, the purchase price for the bales
set forth in ¶2.B(1), namely $3.55, shall be adjusted for the next twelve months (October 1 –September 30) by the same percentage the Consumer Price Index, All Urban Consumers, West Region
(1982-84=100) for the July immediately prior to the applicable October 1 increases, if at all,
above that for July 2007. In no event shall the annual adjustment be less than $0.04 nor more than
$-0,14 per bale.

4. MANUFACTURER’S FAILURE TO PERFORM

To the extent that any three month period during the term of this agreement ending on December 31,
March 31, June 30 or September 30, Manufacturer has delivered less than a total of 105,000 bales,
Manufacturer shall deliver during the succeeding three months the total of the deficit. The
deficit shall be eliminated only to the extent that Manufacturer delivers more than 105,000 bales
during the succeeding three months. If Manufacturer does not eliminate the deficit for any given
three month period during the immediately succeeding three month period, Buyer may cancel this
agreement, and shall be released from any liability to Manufacturer other than for payment of
those bales previously delivered in accordance with this agreement. Buyer understands,
acknowledges and agrees that force majeure events may occur that are outside of Manufacturer’s
control, which may affect Manufacturer’s ability to deliver the bales. If such an event occurs
that prevents Manufacturer from delivering its minimal monthly number of bales, Manufacturer shall
not be in default, but shall use its best efforts to make up any deficit caused by such force
majeure event during the succeeding months.

5. INDEMNIFICATION

	 	A.	 	The parties acknowledge that Manufacturer is responsible to assure that each bale contains no
less than twelve cubic feet of shavings and that the information printed on the each bag in
which the bale is placed is complete and accurate. Manufacturer shall indemnify and hold Buyer
harmless against all claims arising from a bale containing less than twelve cubic feet of
shavings or the information on a bag in which the bale is placed being incomplete or
inaccurate. Manufacturer shall further indemnify and hold Buyer harmless against all costs,
attorney fees, expenses, and liabilities incurred in the defense of any such claim or any
action or proceedings brought thereon. In the event any action or proceeding is brought
against Buyer by reason of any such claim, Manufacturer, upon notice from Buyer, shall defend
the same at Manufacturer’s expense by counsel satisfactory to Buyer.

4

 

	 	B.	 	The parties acknowledge that once the bales have been delivered to Buyer, Manufacturer is no
longer in possession or control of them. Buyer shall indemnify and hold Manufacturer harmless
against all claims arising from a bale containing less than twelve cubic feet of shavings
because a portion of the content has been removed. Buyer shall further indemnify and hold
Manufacturer harmless against all costs, attorney fees, expenses, and liabilities incurred in
the defense of any such claim or any action or proceedings brought thereon. In the event any
action or proceeding is brought against Manufacturer by reason of any such claim, Buyer, upon
notice from Manufacturer, shall defend the same at Buyer’s expense by counsel satisfactory to
Manufacturer.

6. TERM

	 	A.	 	The initial term of this agreement shall be five years, commencing on October 1, 2007,
and ending on September 30, 2012.
	 
	 	B.	 	Commencing October 1, 2012, and annually thereafter, the term of this agreement shall
be extended one year unless either party notifies the other, in writing by no later than the previous June 30, of its intention not to further extend the term of this agreement.

7. ADDITIONAL ACTS

The parties shall take all actions and sign and deliver all documents necessary or appropriate to
complete the transaction contemplated by this agreement.

8. PAYMENT OF COSTS AND EXPENSES

Each party shall pay its own fees of professionals and other expenses incurred by it in conjunction
with the preparation and delivery of this agreement and all documents prepared in conjunction with
it.

9. NOTICES

All notices, requests, demands or other communications (collectively, “Notice”) required or
permitted under this Agreement shall be in writing and may be personally delivered or sent by fax
or transmitted by nationally recognized overnight carrier (e.g., Federal Express, UPS) or by
certified mail, return =receipt requested,-postage prepaid, addressed as follows:

	 	 	 
	Manufacturer:

	 	RENEGY, LLC 

4764 W. Hwy. 277 Apache Railway

5

 

	 	 	 	 	 	 	 
	 

	 	 	 	Snowflake, AZ 85937

Attn: Bob Worsley

                     Or, if by personal delivery or courier to:
	 	 
	 
	 	 	 	 	 	 
	 	 	Same as above
	 
	 	 	 	 	 	 
	 

	 	 	 	Phone: (480) 218-8880

Fax: (480) 718-7977

Email: bobworsley@yahoo.com	 	 
	Buyer:
	 	 	 	 	 	 
	 

	 	 	 	Long Beach Savings Co, Inc.

Post Office Box 1020

Long Beach, CA 90801

  or, if by personal delivery:

20915 Lamberton Avenue

Long Beach, CA 90810

Phone: (310) 639-1145

Fax: (310) 639-9232

Email: sales@lbsc.com	 	 

or such other address as a party may designate, in writing, from time to time.

10. ASSIGNMENT

Neither Party shall assign any right or interest in this Agreement without the prior written
consent of the other party. Any purported assignment without such prior written consent
shall be void.

11. APPLICABLE LAW

This Agreement together with all attachments and exhibits shall be governed by, and construed and
enforced in accordance with, the internal substantive laws of the State of Arizona (without
reference to choice of law principles).

12. CORPORATE AUTHORITY

Each party represents that the person signing this agreement on its behalf is authorized to execute
this agreement.

6

 

13. SEVERABILITY

In the event any provision of this agreement or the application of any of its provisions to any
party or circumstance is held invalid or unenforceable, the remainder of this agreement and the
application of its provisions to other parties or circumstances shall remain valid and in full force
and effect.

14. RECOVERY OF LITIGATION COSTS

     In any legal action, arbitration or alternate dispute resolution proceeding based upon or
concerning this agreement, the successful or prevailing party shall be entitled to recover its
actual attorney fees and costs incurred in that action or proceeding, in addition to all other
relief to which it is entitled, regardless of whether the proceeding is concluded by
settlement, award or judgment.

15. FURTHER ACTS

     The parties agree to execute promptly such other documents and perform such other acts as
may be reasonably necessary to carry out the purpose and intent of this Agreement.

17. ENTIRE AGREEMENT

     This Agreement constitutes the entire agreement between Manufacturer and Buyer and shall
not be modified or amended except in a written document signed by Manufacturer and Buyer. Any
prior agreements or understandings between Manufacturer and Buyer are superseded and replaced
by this Agreement and are hereby rendered null and void. Except as otherwise specifically
provided in this Agreement, neither Buyer nor Manufacturer has made any representations,
warranties or agreements by or on behalf of either party. No agreements, warranties or
representations not expressly contained in this Agreement shall bind either Buyer or
Manufacturer.

18. LIMITED WARRANTY

     Manufacturer warrants that the each bale will contain wood shavings in the amounts and of
the quality discussed in this Agreement. The warranty does not cover any physical damage to a
bale after it leaves the Snowflake plant. Any charges for freight, removal, and shipping from
the Snowflake plant shall be the responsibility of the Buyer. The purposes to which the Buyer
and its ultimate end users and purchasers put the wood shavings is out of Manufacturer’s
control.

7

 

	 	 	 	 	 
	MANUFACTURER:

	 	RENEGY, LLC
	 	 
	 

	 	an Arizona limited liability company	 	 
	 
	 	 	 	 
	 

	 	/s/ Robert M. Worsley	 	 
	 

	 	 	 	 
	 

	 	by Robert M. Worsley	 	 
	 

	 	its Manager	 	 
	 
	 	 	 	 
	BUYER:

	 	LONG BEACH SHAVINGS CO., INC.,	 	 
	 

	 	a California corporation	 	 
	 
	 	 	 	 
	 

	 	/s/ Jack Price,	 	 
	 

	 	 	 	 
	 

	 	by Jack Price,	 	 
	 

	 	its President	 	 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}]]