ON EXTENDING THE TERM OF THE LAND LEASE AGREEMENT, MAKING AMENDMENTS AND ADDITIONS TO THE AGREEMENT

What was decided

1. Lease extendedLand plot

   Authorize Albert Hovasapyan, head of the Davtashen administrative district of Yerevan, to conclude an agreement with Hovhannes Galeyan, on behalf of the Mayor of Yerevan, in the manner prescribed by law, on extending the term of lease agreement No. 2886 concluded on 08.08.2005 for the land plot with an area of 23.4 sq.m. occupied by garage No. 29 in building No. 18, 3rd block, Davtashen, and making amendments and additions thereto

   • Counterparty: of Hovhannes Galeyan
   • Executor: to Albert Hovasapyan

   Object

   of garage No. 29 in building No. 18, 3rd block, Davtashen

   Cadastral code

   22062015-01-0008

   Area

   23.4 m²

   Replaced հ.2886 · point 16

   to extend the term of lease agreement No. 2886 concluded on 08.08.2005

   until September 1, 2031

2. Act amendedLease agreement

   in the agreement, replace the words "Grigor Sargsyan" with the words "Hovhannes Galeyan".

   Replaced հ.2886 · in the agreement

   replace the words "Grigor Sargsyan" with the words "Hovhannes Galeyan".

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 հ.2886 · 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

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

   Deleted հ.2886 · from sub-point 5.5

   the words "and alienate the fixed immovable property to the Lessor".

5. Act amendedLease agreement

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

   • Owner: Yerevan community
   • Owner: Yerevan City Hall
   • Owner: of the Lessor
   • Executor: of the Lessee

   Added հ.2886 · 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 courtyard and inter-courtyard 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 or expired on the day following the expiration of three months from the date of receipt of the notification 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 The parties hereby unconditionally agree that the lessor's written notification 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 notification is 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 notification is sent to the lessee's email address (mail) - 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 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 contractual obligation, which is not interrupted by any circumstance 5:.

6. Act amendedLease agreement

   point 8 of the agreement shall be set forth in the following wording: "8. The annual rent for the land plot, in accordance with paragraph "d" of sub-point 1 of point 40 of the appendix to decision No. 463-N of the Council of Elders of the City of Yerevan dated December 23, 2025, amounts to 13,784 /thirteen thousand seven hundred eighty-four/ AMD (23.4 sq.m. x 58.908 AMD x 1%). At the time of concluding the agreement, the market approximated cadastral value of the land plot per 1 sq.m. is 58.908 AMD:.

   Replaced հ.2886 · point 8

   8. The annual rent for the land plot, in accordance with paragraph "d" of sub-point 1 of point 40 of the appendix to decision No. 463-N of the Council of Elders of the City of Yerevan dated December 23, 2025, amounts to 13,784 /thirteen thousand seven hundred eighty-four/ AMD (23.4 sq.m. x 58.908 AMD x 1%). At the time of concluding the agreement, the market approximated cadastral value of the land plot per 1 sq.m. is 58.908 AMD:.

7. 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 հ.2886 · 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.

8. Execution assignedMunicipal act

   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
9. Oversight assignedMunicipal act

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

   • Oversight: First Deputy Mayor of Yerevan A. Pambukhchyan
10. Cadastre action requestedLand plot

    Take note that the right arising from the agreement mentioned in point 1 of this decision is subject to state registration in the relevant subdivision of the Cadastre Committee of the Republic of Armenia.

    • Executor: of the Cadastre Committee of the Republic of Armenia

    Object

    of garage No. 29 in building No. 18, 3rd block, Davtashen

    Cadastral code

    22062015-01-0008

    Area

    23.4 m²