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 Avan administrative district of Yerevan, in the manner prescribed by law, on behalf of the Mayor of Yerevan, to conclude an agreement with Larisa Poghosyan on extending the term of lease agreement No. 3788 concluded on August 26, 2005, for the land plot with an area of 37.8 sq.m. occupied by the garage located at Yerevan, Avan, G. Narekatsi neighborhood, building 1b, No. 14, and on making amendments and additions thereto, including the following amendments and additions to the agreement

   • Counterparty: of Larisa Poghosyan
   • Executor: the head of the Avan administrative district of Yerevan

   Object

   Yerevan, Avan, G. Narekatsi neighborhood, building 1b, No. 14

   Cadastral code

   03032020-01-0290

   Area

   37.8 m²

   14,473 dram — Annual rent of the land plot

   Replaced հ.3788 · Supplement point 16 with a new paragraph

   extending the term of lease agreement No. 3788 concluded on August 26, 2005

   until September 1, 2031

2. Act amendedLease agreement

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

   • Executor: the head of the Avan administrative district of Yerevan
   • Counterparty: of Larisa Poghosyan

   Replaced հ.3788 · supplement point 6 with new sub-points 6.9 and 6.10

   supplement point 6 with new sub-points 6.9 and 6.10

   6.9 The parties hereby unconditionally agree that the Lessor's written notification of unilateral termination of 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 notification is published on the www.yerevan.am website of Yerevan City Hall, as well as on the www.azdarar.am public notification website of the Republic of Armenia, 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 via 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 termination of the agreement. The Lessee unconditionally agrees that monitoring the www.yerevan.am and www.azdarar.am websites throughout the entire term of the agreement is their continuous and uninterrupted contractual obligation under any circumstances.

3. Act amendedLease agreement

   set out point 8 of the agreement in the following wording

   • Executor: the head of the Avan administrative district of Yerevan
   • Counterparty: of Larisa Poghosyan

   Replaced հ.3788 · State point 8 in the following wording

   State point 8 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 December 23, 2025, of the Council of Elders of the City of Yerevan, is 14473 /fourteen thousand four hundred seventy-three/ AMD (37.8 sq.m. x 38290 x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value for 1 sq.m. is 38290 AMD.

4. Act amendedLease agreement

   set out point 9 of the agreement in the following wording

   • Executor: the head of the Avan administrative district of Yerevan
   • Counterparty: of Larisa Poghosyan

   Replaced հ.3788 · to set out point 9 in the following wording

   to set out point 9 in the following wording

   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) 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 be changed 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

   To place the organization and responsibility for the execution of the decision on the head of the Avan administrative district of Yerevan

   • Executor: of the head of the Avan administrative district of Yerevan
6. Oversight assignedMunicipal act

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

   • Oversight: A. Pambukhchyan