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NORTH CAROLINA CABARRUS COUNTY THIS AGREEMENT, made and entered into this 8th day of January, 1973, by and between DONALD R. STEELE, party of the first part, and CABARRUS COUNTY, party of the second part; W~T NESSE TH: - That whereas, by contract dated Jmuary 8, 1973, the'parties hereto agreed that Donald R. Steele would operate the Cabarrus County Sanitary Landfill for the period from February 1, 1973, until June 30, 1973, under the terms and co nditicns set out in said contract md made a part of this agreement; And whereas, one of the terms was that the said Donald R. Steele would furnish a satisfactory performance bond in the amount of Four Thousand Doilars ($4, 000.00); and whereas, the said Donald R. Steele has agreed to deposit the sum of Four Thousand Dollars ($4, 000.00) to secure the performance of said contract as required therein. NOW, THEREFORE, it is hereby agreed: 1. That on the 1st day of February, 1973, the sum of Six Thousanc Dollars ($6, 000.00) of the Ten Thousand Dollars ($10, 000.00) now on deposit with Citizens Natio mi Bank, Concord, North Carolina, As Trustee, will be returned to Donald R. Steele provided that he has fully complied with the contract of January 12, 1972, and that the balance of said sum, to wit: Four Thousand Dollars ($4, 000.00), shall remain on deposit with Citizens National Bank, Concord, North Carolina, a~!Trustee. 2. That the said Trustee is to hold said sum during the period of ~ contract between Cabarrus County and Donald R. Steele or until the same shall have been forfeited as herein set out. J 3. That the said Four Thousand Dollars ($4, 000.00) shall be for- WILLIAMS. WILLEFORD a"O~"R feited in the event Donald R. Steele breaches the con tract entered into ATTORNRYB AT LAW OONCORD, NORTH CAROLINA