The above non-refundable Annual Fee is payable by the Operator to the Grantee upon the issuance of the Grant by the Foreign Trade Zones Board authorizing the establishment of the subzone. If said site is activated as a subzone within one year from the issuance of the Grant, the operator will pay the Grantee an additional amount to bring the total up to the amount for the Annual Fee for 'activated' Subzones.  The Annual Fee For Activated subzones will by paid on the anniversary date of said activation every year thereafter that the site remains activated. Should said site be deactivated as a subzone, the Operator will commence paying the Grantee the nonrefundable Annual Fee for Non Activated Subzones on the anniversary date of the original activation.

The above non-refundable Annual Fee is payable by the Property Owner of a GPFTZ Site to the Grantee within 90 days of the designation of the property by the Foreign Trade Zones Board as part of FTZ #203, unless any part of the site is activated during the 90 day time period. The Annual Fee will by paid on the anniversary date of the zone designation every year thereafter that the site remains non-activated. This Annual Fee is suspended should any part of the site be activated and remains suspended until the entire site is non-activated, at which time the Property Owner will commence payment of the Annual Fee on a yearly basis.

The above non-refundable Annual Fee is payable by the Operator of a GPFTZ Site to the Grantee within 90 days of the date of the execution of the Grantee/Operator Agreement, unless any part of the site is activated during the 90 day time period. The Annual Fee will by paid on the anniversary date of the execution of the Agreement every year thereafter that the site remains non activated. This Annual Fee is suspended should the site be activated and remains suspended until the site is non-activated, at which time the operator will commence payment of the Annual Fee on a yearly basis.

A Property Owner, which also functions as the Operator of a non-activated GPFTZ Site, will not be subject to both Fees II and III, but only to Fee II.