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in ARTICLE XXIII EXP __ NSION Or r HCl LITIES Section 2301. The progress of Lessee's business may justify an expansion of the Project or the construction of additional industrial facilities (herein referred to as "additional facilities") beyond those that can be financed out of the proceeds of the bonds to such an extent that Lessee may not desire to proceed under the provisions of Section 502 to construct such facilities. There- fore, it is agreed, subject to all of the provisions of this Article Y III, as follows: (a) If Lessee desires to construct additional facilities, it shall notify Lessor and Lessor agrees to proceed under the provisions of Act No. 9 (or any similar then existing legislation authorizing municipalities in the State of Arkansas to issue bonds for the purpose of securing and developing industry) to issue addi- tional bonds, otherwise than under the Indenture, subject to the requirements of Act No. 9 or any such then existing law, to finance such additional facilities. In that event, the Lessor and the Lessee agree to execute a separate: Lease and Agreement covering the financing of such additional facilities and the leasing thereof -to Lessee upon the same terms and conditions as set forth in this Lease and Agreement, subject to any changes or additions that may then be agreed upon by Lessor and Lessee, but there must be included provision for basic annual rent in the amount necessary to provide for the payment of the principal of and interest on any such additional bonds, and the land involved in such expansion program shall automatically be withdrawn from this Lease and Agreement upon becoming subject to a separate Lease and Agreement between Lessor and Lessee. (b) If for any reason the additional facilities cannot be financed under Act No. 9, or any then existing similar law, as provided in sub -paragraph (a) above, or if for any reason Lessee does not desire to so proceed, Lessee shall have the right, upon notice to Lessor, to require Lessor to the extent permitted by Section. 2304 to convey