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~. <br />ROCKCASTLE/CMLRD DRAFT AGREEMENT <br />PMH&S DRAFT 6/6/90 <br />d. Under no circumstances will the Division release <br />more than $485,538 in bond liability for backfillinq and grading <br />and retopsoiling of Pit 4. <br />3. The Division shall release bond liability for each of <br />the following activities pursuant to the following schedule: <br />a. Reseeding of Pit 4 pursuant to § II(3) _ $18,906; <br />b. Road buttressing, as may be necessary pursuant to <br />S IV(2) _ $15,000; <br />c. Pond reclamation, as may be necessary pursuant to <br />d. Pit 4 regrading $2,516. <br />4. The Division shall not release any bond monies to <br />Rockcastle until the bond liability for the site is less than <br />$446,680. <br />5. The Division shall retain $50,000 as a performance bond <br />for the Grassy Gap Mine upon completion of the reclamation <br />activities described in SS II, III and IV of this Agreement. The <br />Division acknowledges that it has reviewed the remaining <br />reclamation requirements at the site and determined that $50,000 <br />9 <br />