DECISION ON RECOGNIZING AS VOID THE DECISION NO. 1262-Ա OF THE MAYOR OF YEREVAN OF MAY 30, 2023, EXTENDING THE TERM OF THE LAND LEASE AGREEMENT, AND MAKING AMENDMENTS AND ADDITIONS TO THE AGREEMENT

What was decided

1. Act repealedMunicipal act

   Recognize as invalid Decision No. 1262-A of the Mayor of Yerevan dated May 30, 2023 "On extending the term of the lease agreement for the land plot occupied by the garage, making amendments and additions to the agreement":

   • Other: Mayor of Yerevan
2. Execution assignedLease agreement

   Authorize Albert Hovasapyan, head of the Davtashen administrative district of Yerevan, in accordance with the procedure established by law, on behalf of the Mayor of Yerevan, to conclude an agreement with Gevorg Movsisyan on extending the term of lease agreement No. 2153 concluded on 28.06.2005 for the land with an area of 41.6 sq.m. occupied by garage No. 5 of building No. 15 in Davtashen's 4th district, and making amendments and additions thereto, including the following amendments and additions to the agreement:

   • Executor: to Albert Hovasapyan
   • Counterparty: Gevorg Movsisyan's
   • Executor: Head of Davtashen administrative district of Yerevan

   Object

   garage No. 5 of building No. 15 in the 4th district of Davtashen

   Cadastral code

   15072026-01-0030

   Area

   41.6 m²

3. Act amendedLease agreement

   replace the words "Levon Sargsyan" with the words "Gevorg Movsisyan" in the agreement.

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Replaced 2153 · in the agreement

   "Levon Sargsyan"

   "Gevorg Movsisyan"

4. Act amendedLease agreement

   add a new paragraph to point 16 of the agreement with the following content: "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2031.

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Added 2153 · clause 16 of the agreement

   until September 1, 2031

5. Act amendedLease agreement

   remove the words "and alienate the fixed immovable property to the Lessor" from sub-point 5.5 of the agreement.

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Deleted 2153 · clause 5.5 of the agreement

   and alienation of the fixed immovable property to the Lessor

6. Act amendedLease agreement

   add new sub-points 6.8, 6.9 and 6.10 to point 6 of the agreement, with the following content".

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Added 2153 · point 6 of the agreement

   sub-points 6.8, 6.9 and 6.10

7. Act amendedLease agreement

   6.8 The lessor has the right to unilaterally withdraw from this agreement 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 in yard and inter-yard 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, 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 void 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.

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Added 2153 · 6.8

   6.8 The lessor has the right to unilaterally withdraw from this agreement 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 in yard and inter-yard 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, 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 void 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.

8. Act amendedLease agreement

   6.9 The parties hereby unconditionally agree that the lessor's written notice of unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement shall be carried out simultaneously by the following three methods: a. The lessor's written notice shall be published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am, b. The lessor's written notice shall be sent to the lessee's e-mail address (mail) if available, c. The lessor's written notice shall be sent by postal delivery by registered mail.

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Added 2153 · 6.9

   6.9 The parties hereby unconditionally agree that the lessor's written notice of unilateral withdrawal from the agreement in accordance with sub-point 6.8 of the agreement shall be carried out simultaneously by the following three methods: a. The lessor's written notice shall be published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am, b. The lessor's written notice shall be sent to the lessee's e-mail address (mail) if available, c. The lessor's written notice shall be sent by postal delivery by registered mail.

9. Act amendedLease agreement

   6.10 The parties hereby 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 notification on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that throughout the entire term of the agreement, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation under any circumstances.

   • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

   Added 2153 · 6.10

   6.10 The parties hereby 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 notification on the specified websites, the lessee is considered properly notified of the unilateral withdrawal from the agreement. The lessee unconditionally agrees that throughout the entire term of the agreement, monitoring the websites www.yerevan.am and www.azdarar.am is his continuous and uninterrupted contractual obligation under any circumstances.

10. Act amendedLease agreement

    point 8 of the agreement shall be set forth in the following wording: "8. The annual rent for the land, in accordance with sub-point "d" of 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, is 24,506 /twenty-four thousand five hundred six/ AMD (41.6 sq.m. x 58,908 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land approximated to the market value is 58,908 AMD per 1 sq.m.

    • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

    Replaced 2153 · point 8

    8. The annual rent for the land, in accordance with sub-point "d" of 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, is 24,506 /twenty-four thousand five hundred six/ AMD (41.6 sq.m. x 58,908 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land approximated to the market value is 58,908 AMD per 1 sq.m.

11. Act amendedLease agreement

    point 9 of the agreement shall be set forth in the following wording: "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 of 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 shall be applied (the agreement shall be considered amended) no earlier than 15 days after written notification thereof. The rent shall 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.

    • Executor: Albert Hovasapyan, head of Davtashen administrative district of Yerevan

    Replaced 2153 · 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.

12. Execution assignedOther

    The organization and responsibility for the execution of the decision shall be assigned to the head of the Davtashen administrative district of Yerevan.

    • Executor: of the Head of Davtashen administrative district of Yerevan
13. Oversight assignedOther

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

    • Oversight: A. Pambukhchyan
    • Oversight: First Deputy Mayor of Yerevan