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Page 3 M machinery therein owned by the Lessor in good repair at its own cost and upon the expiration or termination of this lease or any extension thereof, it will surrender said leased premises and improvements and appurtenances and equipment and machinery to the Lessor in as good condition as prevailed at the time they were put in full possession thereof, ordinary wear and tear and acts of God excepted, subject to the provisions of Paragraphs 4 and 5 hereof. 4. The Lessee shall have the privilege of remodeling the buildings or making improvements on said leased premises from time to time as it in its discretion may determine to be desirable for its uses and purposes, but the cost of such improvements and remodeling shall be paid for by the Lessee and shall be the property of the Lessor, except that the Lessee shall have the right to remove from the leased premises at any time before the expira- tion or termination of this lease or any extension thereof, any machinery, fixtures, equipment, appliances, improvements, or things placed in or upon the leased premises by the Lessee which can be removed without material damage to the existing buildings or structures; or in the event such removal causes material damage to the existing buildings or structures, restoration and repair of such damage shall be at the sole expense of the Lessee. 5. The Lessee shall have the privilege from time to time of substituting machinery and equipment for any machinery and equipment the cost of which was paid by the Lessor, provided that the machinery and equipment so substituted is of equal or greater value than that replaced and any such substituted machinery and equipment shall become the property of the Lessor and be included in the terms of this agreement and the replaced machinery and equipment shall become the property of the Lessee. The Lessee shall also have the privilege of removing any machinery and equip- ment the cost of which was paid by the Lessor without substitution therefor, provided the Lessee pays to the Lessor a sum equal to such portion of Fifty Thousand ($50,000) Dollars as the original cost of such removed machinery and equipment bears to the original cost of all machinery and equipment.