What was decided

1. Lease extendedLand plot

   Authorize the head of the Nor Nork administrative district of the City of Yerevan, in the manner prescribed by law, on behalf of the Mayor of Yerevan, to conclude an agreement with Aram Mudoyan on extending the term of lease agreement No. 22314 concluded on 19.08.2005 for the land plot with an area of 21.7 sq.m. occupied by garage No. 4 at building 15, Banavan neighborhood, Nor Nork, and making amendments and additions thereto, including the following amendments and additions to the agreement: 1) Supplement point 16 of the agreement with a new paragraph with the following content: "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031."

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Object

   of garage No. 4 at building 15, Banavan neighborhood, Nor Nork

   Cadastral code

   24062026-01-0281

   Area

   21.7 m²

   Replaced հ.22314 · point 16

   the term of lease agreement No. 22314 concluded on 19.08.2005

   until September 1, 2031

2. Act amendedLease agreement

   2) Remove the words "(including capital construction carried out in the manner prescribed by the legislation of the Republic of Armenia)" from sub-point 4.2 of the agreement.

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Deleted հ.22314 · sub-point 4.2

   (including capital construction carried out in the manner prescribed by the legislation of the Republic of Armenia)

   "(including capital construction carried out in the manner prescribed by the legislation of the Republic of Armenia)"

3. Act amendedLease agreement

   3) Remove the words "and alienate the fixed real estate to the lessor under conditions determined between the parties," from sub-point 4.4 of the agreement.

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Deleted հ.22314 · sub-clause 4.4.

   and alienate the fixed real estate to the lessor under conditions determined between the parties,

   and alienate the fixed real estate to the lessor under conditions determined between the parties,

4. Act amendedLease agreement

   4) Remove the words "and alienate the fixed real estate to the lessor," from sub-point 5.5 of the agreement.

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Deleted հ.22314 · sub-clause 5.5.

   and alienate the fixed real estate to the lessor,

   and alienate the fixed real estate to the lessor,

5. Act amendedLease agreement

   5) Supplement point 6 of the agreement with new sub-points 6.7, 6.8, 6.9 and 6.10, with the following content:

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Added հ.22314 · clause 6

   clause 6

   "6.7. In case of necessity to change the purpose of use of the leased land plot, the lessor has the right, by notifying the lessee one month in advance, to withdraw from the agreement in the prescribed manner.". "6.8 Due to the implementation of urban development or investment programs approved by the Yerevan community or Yerevan City Hall, or the regulation of urban development issues of courtyard and inter-courtyard areas, as well as the implementation of other programs by or with the participation of the Yerevan community, or the regulation of other issues of public importance, the lessor has the right to unilaterally withdraw from this agreement, in which case the agreement is considered terminated or expired on the day following the expiration of three months from the date of receipt of the notice of unilateral withdrawal from the agreement by the lessee, and the state registration of the right of lease arising from this agreement is recognized as invalid in accordance with sub-point "g" of point 3 of part 3 of Article 35 of the Law "On State Registration of Rights to Property" on the basis of the lessor's application.". "6.9 Hereby the parties unconditionally agree that the lessor's written notice of unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement is carried out simultaneously by the following three methods: a) The lessor's written notice is published on the www.yerevan.am website of Yerevan City Hall, as well as on the www.azdarar.am public notices website of the Republic of Armenia, b) The lessor's written notice is sent to the lessee's email address (mail) if available, c) The lessor's written notice is sent by postal delivery via registered mail.". "6.10 Hereby the parties unconditionally agree and guarantee that the notification methods specified in sub-point 6.9 of the agreement are considered proper and valid. Moreover, from the date of publication of the notice on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that monitoring the www.yerevan.am and www.azdarar.am websites throughout the term of the agreement is his continuous and uninterrupted contractual obligation under any circumstances.".

6. Act amendedLease agreement

   6) Point 8 of the agreement shall be set forth in the following wording:

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Replaced հ.22314 · point 8

   point 8

   8. The annual rent of the land plot, in accordance with sub-point 1 of point 40 of the appendix to Decision No. 463-Ն of the Council of Elders of the City of Yerevan of December 23, 2025, paragraph "d", amounts to 3.511 /three thousand five hundred eleven/ AMD (21.7 sq.m. x 16.177 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 16.177 AMD per 1 sq.m.

7. Act amendedLease agreement

   7) Point 9 of the agreement shall be set forth in the following wording.

   • Beneficiary: of Aram Mudoyan
   • Executor: of the Nor Nork administrative district of the City of Yerevan

   Replaced հ.22314 · point 9

   point 9

   9. In cases of changes (increase) in the cadastral value of the land approximated to the market value and (or) the amount of rent by decisions of the Council of Elders of the City of Yerevan, the Lessor is obliged to notify the Lessee in writing in advance about the new value (rent). In case of an increase in the cadastral value of the land approximated to the market value and (or) the rent, the calculated amount of rent is subject to application (the agreement is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee has notified the Lessor about the early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.

8. Execution assignedMunicipal act

   4. The organization and responsibility for the execution of the decision shall be assigned to the head of the Nor Nork administrative district of Yerevan.

   • Executor: of the Nor Nork administrative district of the City of Yerevan
9. Oversight assignedMunicipal act

   5. Control over the implementation of this decision is ensured by the First Deputy Mayor of Yerevan, A. Pambukhchyan.

   • Oversight: A. Pambukhchyan

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