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

What was decided

1. Lease extendedLand plot

   To authorize Albert Hovasapyan, head of the Davtashen administrative district of Yerevan, in the manner prescribed by law, on behalf of the Mayor of Yerevan, to conclude an agreement with Amalya Ghaltakhchyan on extending the term of lease agreement No. 3341 concluded on 15.10.2003 for the land plot with an area of 56.1 sq.m. occupied by garage No. 1 of building No. 2a in the 4th block of Davtashen, and making amendments and additions thereto, including the following amendments and additions to the agreement:

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Object

   of garage No. 1 of building No. 2a in the 4th block of Davtashen

   Cadastral code

   3341

   Area

   56.1 m²

   Replaced lease agreement #3341 · point 16

   (no specific end date mentioned in the original text)

   until September 1, 2031

2. Act amendedLease agreement

   replace the words «Գալյան Էդուարդ» with the words «Ղալթախչյան Ամալյա» in the agreement

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Replaced lease agreement #3341 · in the agreement

   "Galyan Eduard"

   Replace the words "Galyan Eduard" with the words "Ghalthakhchyan Amalya"

3. Act amendedLease agreement

   to supplement clause 16 of the agreement with a new paragraph of the following content:

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Added lease agreement #3341 · 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

   to remove the words «(including capital construction carried out in the manner prescribed by the legislation of the Republic of Armenia)» from sub-clause 4.2 of the agreement.

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Deleted lease agreement #3341 · from sub-clause 4.2

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

5. Act amendedLease agreement

   to remove the words «and to alienate the fixed immovable property to the Lessor under conditions determined between the parties» from sub-clause 4.4 of the agreement.

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Deleted lease agreement #3341 · from subparagraph 4.4

   and to alienate the fixed immovable property to the Lessor under conditions determined between the parties

6. Act amendedLease agreement

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

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Deleted lease agreement #3341 · from sub-point 5.5

   and alienation of the fixed immovable property to the Lessor

7. Act amendedLease agreement

   to supplement clause 6 of the agreement with new sub-clauses 6.7, 6.8, 6.9 and 6.10, of the following content:

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Added lease agreement #3341 · 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 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, 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-clause '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-clause 6.8 of the agreement is carried out simultaneously by the following three methods: a. The Lessor's written notice is published on the websites www.yerevan.am of Yerevan City Hall, as well as www.azdarar.am of public notifications 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 by registered mail. 6.10 Hereby the parties unconditionally agree and guarantee that the notification methods specified in sub-clause 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 monitoring the websites www.yerevan.am and www.azdarar.am throughout the entire term of the agreement is his continuous and uninterrupted contractual obligation under any circumstances.

8. Act amendedLease agreement

   point 8 of the agreement shall be set forth in the following wording:

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Replaced lease agreement #3341 · point 8

   The annual rent for the land plot, according to sub-clause 'd' of point 1 of clause 40 of the appendix to decision No. 463-Ն of the Council of Elders of the City of Yerevan dated December 23, 2025, amounts to 33,047 /thirty-three thousand forty-seven/ AMD (56.1 sq.m. x 58.908 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value per 1 sq.m. is 58,908 AMD.

9. Act amendedLease agreement

   reword clause 9 of the agreement as follows:

   • Beneficiary: of Amalya Ghaltakhchyan
   • Executor: of the Davtashen administrative district of Yerevan
   • Executor: to Albert Hovasapyan

   Replaced lease agreement #3341 · point 9

   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). The amount of rent calculated in case of an increase in the cadastral value of the land approximated to the market value and (or) the 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.

10. Act amendedLease agreement

    in clause 12 of the agreement, replace the number «900015211072» with the number «900055314133»:

    • Beneficiary: of Amalya Ghaltakhchyan
    • Executor: of the Davtashen administrative district of Yerevan
    • Executor: to Albert Hovasapyan

    Replaced lease agreement #3341 · in point 12

    900015211072

    900055314133

11. 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 Davtashen administrative district of Yerevan
    • Executor: of Albert Hovasapyan
12. Oversight assignedMunicipal act

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

    • Oversight: A. Pambukhchyan