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<br /> <br />' c. Notice address may be redesignated from time to time by <br />notice given in the same manner as above. <br />' 26. Taxes <br />a. Each party shall be individually responsible for the payment of <br />real property taxes as presently levied and any and all personal <br />' property taxes now or hereafter payable on property owned by it, and <br />for aII taxes levied upon income derived from its respective business. <br />b. COM. INC. and MI VIDA shall jointly be responsible on a Fifty <br />' property taxes over current levels on the tailings pond properties or <br />the contributed (new) tailings pond properties due to or attributable <br />to the construction or operation of tailings pond facilities by COM. <br />' INC. thereon under this Agreement. MI VIDA shall inform COM. INC. <br />of any such increase of which it becomes aware, and shaIl supply COM. <br />' INC, with applicable documentation which comes into MI VIDA's <br />possession. MI VIDA and COM. INC. shall cooperate in making a <br />' timely protest of any assessment deemed by the parties to be unfair or <br />unjustified and, if the parties desire to protest such assessment, the <br />' protest shall be made at the parties' joint fifty percent/fifty percent <br />(50%/50%) cost. The parties shall timely pay their respective shares <br />of the resulting increased assessment. <br />c. If taxes are levied or payable upon MI VIDA ores processed at <br />the Mill, either in the nature of severance, production or ad valorem <br />' taxes, the parties shall be responsible for and shall pay such tax based <br />upon the relative percentages in which they have shazed modified net <br />' smelter returns ("MNSR" as defined herein) on the production during <br />the tax period. [For example, if the Colorado metalliferous production <br />' tax for MI VIDA ores processed at the Mill in 1992 was $3,750.00. <br />and COM, INC. received 6.5% of total MNSR during that year, COM. <br />' INC. shall pay $243.75 as its share, and MI VIDA $3.506.25.) <br />27. Further Documents and Assurances <br />Each party agrees to take from time to time such actions and to <br />' execute such additional documents or instruments as may be <br />1 reasorialily necessary and convenient to implement and carry out the <br />' intent and purpose of this Agreement. <br />percent/fifty percent (50%/50%) basis for any increase in real <br />' 20 <br />