What was decided

1. Lease extendedLease agreement

   Authorize the head of the Malatia-Sebastia administrative district, Sasha Katvalyan, on behalf of the Mayor of Yerevan, to conclude an agreement with Hrant Baghdasaryan to extend the term of lease agreement No. 3662 dated August 20, 2005, for the land plot of 19.5 sqm occupied by the garage near building 10/2 of Araratyan 1st Massif, and to make amendments and additions to it, including the following amendments and additions to the agreement: Clause 16 of the agreement is supplemented 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."

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Object

   Araratyan 1st Massif, near building 10/2

   Cadastral code

   2030012

   Area

   19.5 m²

   Added Lease agreement No. 3662 dated August 20, 2005 · Clause 16

   The term of the lease agreement is extended

   Until September 1, 2031

2. Act amendedLease agreement

   Amend lease agreement No. 3662 dated August 20, 2005, by removing the words "(including capital construction in the manner prescribed by the legislation of the Republic of Armenia)" from clause 4.2 of the agreement.

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Deleted Lease agreement No. 3662 dated August 20, 2005 · Clause 4.2

   Clause 4.2 of the agreement

   Remove the words "(including capital construction in the manner prescribed by the legislation of the Republic of Armenia)" from clause 4.2 of the agreement

3. Act amendedLease agreement

   Amend lease agreement No. 3662 dated August 20, 2005, by removing the words "and to alienate the attached real estate to the "Lessor" under conditions determined by the parties" from clause 4.4 of the agreement.

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Deleted Lease agreement No. 3662 dated August 20, 2005 · Clause 4.4

   Clause 4.4 of the agreement

   Remove the words "and to alienate the attached real estate to the "Lessor" under conditions determined by the parties" from clause 4.4 of the agreement

4. Act amendedLease agreement

   Amend lease agreement No. 3662 dated August 20, 2005, by removing the words "and to alienate the attached real estate to the "Lessor"" from clause 5.5 of the agreement.

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Deleted Lease agreement No. 3662 dated August 20, 2005 · Clause 5.5

   Clause 5.5 of the agreement

   Remove the words "and to alienate the attached real estate to the "Lessor"" from clause 5.5 of the agreement

5. Act amendedLease agreement

   Amend lease agreement No. 3662 dated August 20, 2005, by adding new sub-clauses 6.7, 6.8, 6.9, and 6.10 to clause 6 with the specified content.

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Added Lease agreement No. 3662 dated August 20, 2005 · Clause 6

   Clause 6

   Add new sub-clauses 6.7, 6.8, 6.9, and 6.10 to clause 6 of the agreement with the following content: "6.7. In case of the need to change the purpose of the leased land plot, the Lessor has the right to terminate the agreement in the prescribed manner, having previously notified the Lessee one month in advance." "6.8. Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Yerevan Municipality, 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 public issues, the Lessor has the right to unilaterally terminate this agreement, in which case the agreement is considered terminated (ceased) on the day following the expiration of three months from the date of receipt by the Lessee of the notification of unilateral termination of the agreement, and the state registration of the lease right arising from this agreement is recognized as invalid in accordance with subparagraph c) of paragraph 3 of part 3 of Article 35 of the Law "On State Registration of Rights to Property" based on the Lessor's application." "6.9. The parties hereby unconditionally agree that the Lessor's written notification of unilateral termination of the agreement in accordance with clause 6.8 of the agreement is carried out simultaneously in the following three ways: a) The Lessor's written notification is published on the official websites of the Yerevan Municipality www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am b) The Lessor's written notification is sent to the Lessee's e-mail address (if available). c) The Lessor's written notification is sent by postal delivery by registered mail." "6.10. The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 6.9 of the agreement are considered proper and valid. In this case, the Lessee is considered properly notified of the unilateral termination of the agreement from the day of publication of the notification on the specified websites. The Lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the entire term of the agreement is its continuous and uninterrupted contractual obligation under any circumstances."

6. Act amendedLease agreement

   Amend lease agreement No. 3662 dated August 20, 2005, by rephrasing clause 8 as follows: "8. The annual rent for the land plot, in accordance with subparagraph d) of paragraph 1 of clause 40 of the appendix to the decision of the Council of Elders of Yerevan dated December 23, 2025, No. 463-N, amounts to 7467 (seven thousand four hundred sixty-seven) AMD (19.5 sqm x 38290 AMD x 1%). The cadastral value per square meter, approximated to the market value of the land plot at the time of concluding the agreement, is 38290 AMD."

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Replaced Lease agreement No. 3662 dated August 20, 2005 · Clause 8

   Clause 8 of the agreement

   Clause 8 of the agreement shall be worded as follows: "8. The annual rent for the land plot, in accordance with subparagraph d) of paragraph 1 of clause 40 of the appendix to the decision of the Council of Elders of Yerevan dated December 23, 2025, No. 463-N, amounts to 7467 (seven thousand four hundred sixty-seven) AMD (19.5 sqm x 38290 AMD x 1%). The cadastral value per square meter, approximated to the market value of the land plot at the time of concluding the agreement, is 38290 AMD."

7. Act amendedLease agreement

   Amend lease agreement No. 3662 dated August 20, 2005, by rephrasing clause 9 as follows: "9. In cases of change (increase) in the cadastral value of land approximated to market value and/or the amount of rent by decisions of the Council of Elders 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 land approximated to market value and/or rent, the calculated rent amount is subject to application (the agreement is considered amended) no earlier than 15 days after being notified in writing. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (refusal of the agreement) before the end of the corresponding 15-day period."

   • Counterparty: Hrant Baghdasaryan
   • Executor: Sasha Katvalyan

   Replaced Lease agreement No. 3662 dated August 20, 2005 · Clause 9

   Clause 9 of the agreement

   Clause 9 of the agreement shall be worded as follows: "9. In cases of change (increase) in the cadastral value of land approximated to market value and/or the amount of rent by decisions of the Council of Elders 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 land approximated to market value and/or rent, the calculated rent amount is subject to application (the agreement is considered amended) no earlier than 15 days after being notified in writing. The rent is not changed if the Lessee has notified the Lessor of the early termination of the agreement (refusal of the agreement) before the end of the corresponding 15-day period."

8. Address assignedReal estate object

   Grant the address "Araratyan 1st Massif, 10/78" to the garage belonging to Hrant Baghdasaryan.

   • Owner: Hrant Baghdasaryan

   Object

   Araratyan 1st Massif, 10/78

9. Cadastre action requestedReal estate object

   Instruct the Real Estate Management Department of the Yerevan Municipality Staff to send information regarding the address granted for the real estate based on this decision to the territorial division of the State Committee of the Real Estate Cadastre of the Republic of Armenia, the relevant division of the Police of the Republic of Armenia, Yerevan City Department, and the head of the Malatia-Sebastia administrative district within 3 working days.

   • Executor: Yerevan Municipality Staff, Real Estate Management Department

   Object

   Araratyan 1st Massif, 10/78

10. Execution assignedMunicipal act

    Entrust the organization of the execution and responsibility for this decision to the head of the Malatia-Sebastia administrative district of Yerevan.

    • Executor: Sasha Katvalyan
11. Oversight assignedMunicipal act

    The first deputy mayor of Yerevan, A. Pambukhchyan, ensures control over the execution of this decision.

    • Oversight: A. Pambukhchyan

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