TO EXTEND THE TERM OF THE LAND LEASE AGREEMENT, TO MAKE AMENDMENTS AND ADDITIONS TO THE AGREEMENT

What was decided

1. Lease extendedLand plot

   To authorize the head of the Arabkir administrative district of Yerevan to conclude an agreement with Vaag Manukyan on behalf of the Mayor of Yerevan, in accordance with the procedure established by law, on extending the term of agreement No. 15778 concluded on 12.08.2004 for the land plot with an area of 21.9 sq.m. occupied by garage No. 5 of building No. 7 on Hr. Kochar Street, and on making amendments and additions thereto, including the following amendments and additions in the agreement

   • Counterparty: Vaag Manukyan's
   • Executor: the head of the Arabkir administrative district of Yerevan

   Object

   Garage no. 5 of building no. 7 on Hr. Kochar Street

   Cadastral code

   2763962

   Area

   21.9 m²

   Replaced 15778 · point 16

   to extend the term of agreement No. 15778 concluded on 12.08.2004

   until September 1, 2031

2. Act amendedLease agreement

   replace the words "Avetik Harutyunyan" with the words "Vaag Manukyan" in the agreement

   • Counterparty: Vaag Manukyan's

   Replaced 15778 · 1

   the words "Avetik Harutyunyan"

   the words "Vaag Manukyan"

3. Act amendedLease agreement

   remove the words "/including capital construction to be carried out in accordance with the procedure established by the legislation of the Republic of Armenia/" from sub-point 4.2 of the agreement

   Deleted 15778 · from sub-clause 4.2

   /"including the implementation of capital construction in accordance with the procedure established by the legislation of the Republic of Armenia/"

   /"including the implementation of capital construction in accordance with the procedure established by the legislation of the Republic of Armenia/"

4. Act amendedLease agreement

   remove the words "and alienate the fixed real estate to the lessor under conditions to be determined between the parties" from sub-point 4.4 of the agreement

   Deleted 15778 · from subparagraph 4.4

   "and to alienate the fixed immovable property to the lessor under conditions to be determined between the parties"

   "and to alienate the fixed immovable property to the lessor under conditions to be determined between the parties"

5. Act amendedLease agreement

   remove the words "and alienate the fixed real estate to the lessor" from sub-point 5.5 of the agreement

   Deleted 15778 · from sub-point 5.5

   "and to alienate the attached real estate to the lessor"

   "and to alienate the attached real estate to the lessor"

6. Act amendedLease agreement

   to supplement point 6 of the agreement with new sub-points 6.7, 6.8, 6.9 and 6.10, with the following content

   • Executor: lessor

   Added 15778 · 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"

   "6.7 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"

7. Act amendedLease agreement

   to supplement point 6 of the agreement with new sub-points 6.7, 6.8, 6.9 and 6.10, with the following content

   • Executor: lessor

   Added 15778 · clause 6

   "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 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, 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 lease right 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"

   "6.8 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 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, 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 lease right 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"

8. Act amendedLease agreement

   to supplement point 6 of the agreement with new sub-points 6.7, 6.8, 6.9 and 6.10, with the following content

   • Executor: of the Lessor

   Added 15778 · clause 6

   "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 is carried out simultaneously by the following 3 methods: a) The lessor's written notice is published on the websites of Yerevan City Hall www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am, 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"

   "6.9 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 is carried out simultaneously by the following 3 methods: a) The lessor's written notice is published on the websites of Yerevan City Hall www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am, 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"

9. Act amendedLease agreement

   to supplement point 6 of the agreement with new sub-points 6.7, 6.8, 6.9 and 6.10, with the following content

   • Beneficiary: Lessee

   Added 15778 · clause 6

   "6.10 The parties hereby unconditionally agree and guarantee that the notification methods mentioned in sub-point 6.9 of the agreement are considered proper and valid. Moreover, from the date of publication of the notification on the mentioned 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"

   "6.10 The parties hereby unconditionally agree and guarantee that the notification methods mentioned in sub-point 6.9 of the agreement are considered proper and valid. Moreover, from the date of publication of the notification on the mentioned 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

    set out point 8 of the agreement in the following wording

    Replaced 15778 · point 8

    8. The annual rent for the land plot, in accordance with sub-point d) of point 1 of sub-point 40 of the appendix to decision No. 463-Ն of the Council of Elders of the City of Yerevan dated December 23, 2025, is 30534 (thirty thousand five hundred thirty-four) AMD (21.9 sq.m. x 139425 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 139425 AMD

    8. The annual rent for the land plot, in accordance with sub-point d) of point 1 of sub-point 40 of the appendix to decision No. 463-Ն of the Council of Elders of the City of Yerevan dated December 23, 2025, is 30534 (thirty thousand five hundred thirty-four) AMD (21.9 sq.m. x 139425 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 139425 AMD

11. Act amendedLease agreement

    set out point 9 of the agreement in the following wording

    Replaced 15778 · 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). 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 does not change 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

    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 does not change 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. Act amendedLease agreement

    in point 12 of the agreement, replace the numbers "900015211072" with the numbers "900035311027"

    Replaced 15778 · in point 12

    900015211072

    900035311027

13. Execution assignedMunicipal act

    Assign the organization and responsibility for the execution of the decision to the head of the Arabkir administrative district of Yerevan

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

    Control over the execution of this decision is exercised by the First Deputy Mayor of Yerevan A. Pambukhchyan

    • Oversight: A. Pambukhchyan