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1 2.3. ,Santa Ana intends to acquire the zone site <br />2 and wishes to have the same designated for foreign -trade zone <br />3 activities, pursuant to the authority granted by Long,Beach upon <br />4 the terms and conditions set forth in this Agreement and in <br />5 accordance with standards of construction and operation approved <br />6 by Long Beach and the Foreign -Trade Zone's Board and applicable <br />7 laws relating to the occupancy and use of the zone site. <br />8 2.4. Santa Ana intends to sell or lease portions <br />9 of the zone site to third artier <br />P ("zone users"}. Zone activities <br />10 shall be subject to this Agreement as well as the agreements <br />11 between the Long Beach and a zone user referred to in paragraph <br />N <br />12 3.2. <br />13 3. AUTHORITY GRANTED/ACCEPTED: <br />.cam o� <br />Ua "' <br />ccoo-c 14 <br />3.1. Authority Granted - Upon approval by the <br />008T- <br />15 Foreign -Trade Zone's Board, Long Beach shall grant to Santa Ana <br />U � <br />16 authority to utilize the zone site as a foreign -trade zone, sub- <br />17 ject to the terms, conditions, agreements and restrictions herein <br />18 set forth, for the term hereof, including any extensions thereof, <br />19 Zone activities shall be in conformity with the authority granted <br />20 by Long Beach. <br />21 3.2. Authority Accepted - Upon <br />P p approval by the <br />22 Foreign -Trade Zone's Board, Santa Ana shall assume responsibility <br />23 for the development of the zone site in accordance with the <br />24 terms and conditions of this Agreement during the term hereof, <br />25 including any extensions thereof. Santa Ana intends to sell or <br />26 lease portions of the zone site to zone users who shall operate <br />27 within Foreign -Trade Zone No. 50 in cooperation with Long Beach. <br />28 <br />All agreements, for the sale or lease of zone site parcels <br />4asnoa5� 2 <br />