What was decided

1. Lease extendedLand plot

   Authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Vardan Avagyan, on behalf of the Mayor of Yerevan, in accordance with the procedure established by law, on extending the term of agreement No. 32913 concluded on 30.11.2004 for the land plot of 22.5 square meters occupied by garage No. 4 of building No. 45 on Baghramyan Avenue, and to make amendments and additions thereto, including the following amendments and additions in the agreement: replace the words "Ashot Sahakyan" with the words "Vardan Avagyan" in the agreement. 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: Vardan Avagyan
   • Owner: Mayor of Yerevan

   Object

   of garage No. 4 of building No. 45 on Baghramyan Avenue

   Cadastral code

   23072026-01-0084

   Area

   22.5 m²

   Added 32913 · point 16

   September 1, 2031

2. Act amendedLease agreement

   replace the words "Ashot Sahakyan" with the words "Vardan Avagyan" in the agreement

   Replaced 32913 · 1)

   replace the words "Ashot Sahakyan" with the words "Vardan Avagyan"

3. Act amendedLease agreement

   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.

   Added 32913 · point 16

   "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031."

4. Act amendedLease agreement

   supplement point 6 of the agreement with new sub-points 6.8, 6.9 and 6.10, with the following content: "6.8 In case of implementation of urban development or investment programs approved by the Yerevan community or Yerevan City Hall, or regulation of urban development issues of yard and inter-yard areas, as well as implementation of other programs by or with the participation of the Yerevan community or 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 (ceased) 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 3 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 e-mail address /mail/ if available, c) The lessor's written notice is sent by postal delivery by 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 day of publication of the notice on the mentioned 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.

   • Owner: Yerevan community
   • Owner: Yerevan City Hall

   Added 32913 · clause 6

   6.8 In case of implementation of urban development or investment programs approved by the Yerevan community or Yerevan City Hall, or regulation of urban development issues of yard and inter-yard areas, as well as implementation of other programs by or with the participation of the Yerevan community or 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 (ceased) 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 3 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 e-mail address /mail/ if available, c) The lessor's written notice is sent by postal delivery by 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 day of publication of the notice on the mentioned 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.

5. Act amendedLease agreement

   point 8 of the agreement shall be set forth in the following wording: "8. The annual rent of the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to decision No. 463-N of December 23, 2025 of the Council of Elders of the City of Yerevan, amounts to 31371 (thirty-one thousand three hundred seventy-one) AMD (22.5 sq.m x 139425 x 1%). At the time of conclusion of the agreement, the cadastral value of the land plot approximated to the market value is 139425 AMD per 1 sq.m.

   Replaced 32913 · point 8

   8. The annual rent of the land plot, in accordance with sub-point d) of point 1 of point 40 of the appendix to decision No. 463-N of December 23, 2025 of the Council of Elders of the City of Yerevan, amounts to 31371 (thirty-one thousand three hundred seventy-one) AMD (22.5 sq.m x 139425 x 1%). At the time of conclusion of the agreement, the cadastral value of the land plot approximated to the market value is 139425 AMD per 1 sq.m.

6. Act amendedLease agreement

   point 9 of the agreement shall be set forth in the following wording: "9. In cases of change (in case of increase) of 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 increase of the cadastral value of the land approximated to the market value and (or) 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.

   Replaced 32913 · point 9

   9. In cases of change (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) 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 does not change if the Lessee has notified the Lessor of the early termination of the agreement (withdrawal from the agreement) before the expiration of the corresponding 15-day period.

7. Execution assignedMunicipal act

   Organize the implementation of the decision and assign responsibility to the head of the Arabkir administrative district of Yerevan.

   • Executor: of the head of the Arabkir administrative district of Yerevan
8. Oversight assignedMunicipal act

   Oversight of the execution of this decision is provided by the First Deputy Mayor of Yerevan A. Pambukhchyan.

   • Oversight: A. Pambukhchyan

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