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RULE 3 - PERFORMANCE BOND REQUIREMENTS <br />is <br />• <br />3.02.3 Period of Liability for Performance Bond <br />PSCM will be responsible for the reclamation bond liability for the duration of the surface activities <br />and reclamation. The period of liability will be for a minimum period beginning after the last year <br />of seeding. The reclamation schedule is discussed in Section 2.05.4(2)(a). It is currently estimated <br />that the eventual duration of the liability period may be as long as 18 years if mining and market <br />conditions prove favorable. <br />3:02.4 Form, Conditions, and Terms of Performance Bonds <br />The performance bond for PSCM will be a self bond pursuant to Rule 3.02.4(2)(e). Parent Peabody <br />Investment Corporation will guaranty the bond. The performance bond will be posted prior to <br />issuance of the permit to conduct mining and reclamation. <br />PSCM Permit App. <br />3.0 -2 <br />Revision 12/17/09 <br />