2026-08-27 · Board Packet · Page 23

Mutual Termination of Lease 
Page 1 of 4 
 
 
MUTUAL TERMINATION OF LEASE AGREEMENT  
 
WHEREAS, by a Lease Agreement dated January 1, 202 5 (“Lease Agreement ”), LOS ALAMOS PUBLIC 
SCHOOLS (“Lessor”) leased real property located at 2101 Trinity Drive, Los Alamos, New Mexico 87544, 
commonly known as The Suites, and consisting of approximately 1339 square feet of office space (the 
"Property"), more specifically described in the Lease Agreement, to WIN DGATE HEALING ARTS, LLC  
(“Lessee”); and 
WHEREAS, pursuant to the terms of the Lease Agreement, the original term of the lease for the Property 
was for a period of two (2) years commencing on the Effective Date, with three (3) additional two -year 
Options to extend the term of the Lease (“Termination Date”); and 
WHEREAS, the Lessor and the Lessee have mutually reached an agreement for the early termination of 
the Lease Agreement and have agreed that the lease term for the Property shall terminate upon 
satisfaction of the following condition s: ( 1) execution of this Mutual Termination of Lease Agreement  
(“Early Termination Date”) subject to the terms and conditions of this Agreement; (2) Lessee shall remove 
all moveable trade fixtures and equipment installed in the Leased Premises by Lessee, whether or not 
such fixtures and equipment are fastened to the Leased Premises and regardless of the manner in which 
they are so fastened, provided, however, that Lessee shall fully repair damage of any kind or character 
occasioned by removal of any such fixtures or equipment per article 20 of the Lease Agreement; and 
WHEREAS, the Lessor and the Lessee enter into this Mutual Termination of Lease Agreement 
(“Agreement”) for the purpose of establishing their respective rights and obligations in relation to the 
early termination of the Lease Agreement. 
NOW, THEREFORE, IN CONSIDERATION of the mutual covenants and promises, the Lessor and the Lessee 
(individually, each a “Party” and collectively, the “Parties”) covenant and agree as follows: 
ARTICLE 1. Repossession of Property by Lessor  
Subject to the terms and conditions of this Agreement, the Lessee shall unconditionally return the 
Property to the Lessor and allow the Lessor to take possession of the Property on or before the Early 
Termination Date of October 31, 2026. The repossession of the Property by the Lessor shall be conditional 
on: a) the Property being returned to the Lessor in substantially the same condition as it was at the 
commencement of the Lease Agreement fair wear and tear excepted; b) the Property shall be cleared of 
all the Lessee’s property, possessions and removable items; c) unless otherwise agreed in this Agreement, 
any alterations and improvements made by the Lessee to the Property being removed and the Property 
being reinstated substantially to the condition the Property was in at the commencement of the Lease 
Agreement; and d) the Lessee shall remove any hazardous substances and/or material on the Property 
and shall resolve any issues that may fall within the jurisdiction of the Environment Protection Agency.