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-2 - <br />payment upon demand of the full amount, or portions thereof as requested by the Board or <br />the Division on the terms and conditions described herein, said payment of monies to be <br />used for the reclamation of all lands affected under Permit No. in <br />accordance with the provisions and requirements of Rule 3.02.4(2)(e), the Act and the <br />terms and conditions of the permit. This guarantee covers any and all demands, liabilities, <br />charges, and expenses of whatsoever kind of nature, which the Board or Division may at <br />any time sustain or incur by reason of or in consequence of having accepted the SelfBond <br />of the Operator, including all litigation costs and all administrative costs reasonably <br />incurred by the Board or the Division in any effort to enforce obligations and requirements <br />of the Operator with respect to the operation or activity that is bonded. <br />II. This Guarantee is a continuing guarantee and is to be in full force and effect until all of the <br />terms of the Operator's SelfBond have been satisfactorily performed or otherwise <br />discharged to the satisfaction of the Board or the Division, with concurrence from OSM. <br />III. Guarantor hereby fully consents to the following, any of which shall not affect nor change <br />or discharge the obligations of this Guarantee: <br />Any renewals, revisions, modifications to the terms of the SelfBond including <br />increases or decreases in the dollar amount of the bond, or the lands to which it <br />applies, in accordance with the requirements of the Act and the rules and regulations <br />promulgated thereunder. <br />2. Any extension of time for performance of the whole or any part of the conditions of <br />the SelfBond. <br />3. Any changes, revisions, modifications or renewals to the terms of the Permit, <br />including the mining and reclamation plans contained therein. <br />IV. The Guarantor expressly waives the following: <br />Notice of the acceptance of this Guarantee by the Board or the Division. <br />2. Notice of renewals, revisions, modifications to the Self -Bond. <br />3. Notice of changes, revisions, modifications or renewals to the terms of the Permit. <br />4. Notice of any extensions of time for performance of the whole or any part of the <br />condition of the SelfBond. <br />511 <br />