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

What was decided

1. Lease extendedLand plot

   Authorize the head of the Arabkir administrative district of Yerevan, in the manner prescribed by law, to conclude an agreement on behalf of the Mayor of Yerevan with Masis Mayk Baghdasaryan to extend the term of the agreement No. 6104 concluded on 22.08.2005 for the land plot occupied by garage No. 12 at building No. 11 on Kievyan Street with an area of 55 sq.m. and to make amendments and additions to it, including the following amendments and additions to the agreement:

   • Beneficiary: Masis Mayk Baghdasaryan
   • Executor: Yerevan Arabkir administrative district

   Object

   Garage No. 12 at building No. 11 on Kievyan Street

   Cadastral code

   18122019-01-0275

   Area

   55 m²

   Added հ.6104 · point 16

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

2. Act amendedLease agreement

   Supplement point 6 of the agreement with new points 6.9 and 6.10, with the following content:

   • Beneficiary: Masis Mayk Baghdasaryan

   Replaced հ.6104 · clause 6

   Supplement point 6 with new points 6.9 and 6.10

   6.9 The parties hereby unconditionally agree that the landlord's written notice of unilateral termination of the agreement in accordance with point 6.8 of the agreement shall be carried out simultaneously by the following 3 methods: a) The landlord's written notice shall be published on the official website of Yerevan Municipality www.yerevan.am, as well as on the website of public notifications of the Republic of Armenia www.azdarar.am, b) The landlord's written notice shall be sent to the tenant's e-mail address/postal address if available, c) The landlord's written notice shall be sent by postal delivery via registered mail. 6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in point 6.9 of the agreement are considered proper and valid. Moreover, the tenant shall be deemed duly notified of the unilateral termination of the agreement from the day the notice is published on the aforementioned websites. The tenant unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the term of the agreement is its continuous and uninterrupted contractual obligation.

3. Act amendedLand plot

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

   • Beneficiary: Masis Mayk Baghdasaryan

   Object

   Garage No. 12 at building No. 11 on Kievyan Street

   Cadastral code

   18122019-01-0275

   Area

   55 m²

   76,684 dram — Annual rent of the land plot

   Replaced հ.6104 · point 8

   Rephrase point 8 with the following edits:

   8. The annual land rent, in accordance with sub-point 1) d) of point 40 of the annex to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025, amounts to 76,684 (seventy-six thousand six hundred eighty-four) AMD (55 sq.m. x 139425 x 1%). At the time of concluding the agreement, the cadastral value approximating the market value of the land plot is 139,425 AMD per 1 sq.m.

4. Act amendedLease agreement

   reword clause 9 of the agreement as follows:

   • Beneficiary: Masis Mayk Baghdasaryan

   Replaced հ.6104 · point 9

   Rephrase point 9 with the following edits:

   9. In cases of changes (in case of 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:.

5. Execution assignedMunicipal act

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

   • Executor: Yerevan Arabkir administrative district
6. Oversight assignedMunicipal act

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

   • Oversight: A. Pambukhchyan