What was decided

1. Lease extendedLand plot

   Authorize the Head of the Ajapnyak administrative district to conclude an agreement on behalf of the Mayor of Yerevan with Suren Davtyan to extend the term of the lease agreement No. 3533 dated August 22, 2005, for the land plot occupied by the garage near Leningradyan Street, 48/5 building, with an area of 24.6 sqm, and to make amendments and additions to it, including replacing the words "Zaruhi Davtyan" with "Suren Davtyan" in the agreement, adding a new paragraph to clause 16 of the agreement stating that the term of the agreement has been extended until September 1, 2031, and removing the words "including carrying out capital construction in the manner established by the legislation of the Republic of Armenia" from clause 4.2 of the agreement.

   • Beneficiary: Suren Davtyan
   • Executor: Head of Ajapnyak administrative district

   Object

   Leningradyan Street, 48/5 building, Yerevan

   Area

   24.6 m²

   Replaced contract No. 3533 dated August 22, 2005 · Clause 16

   The term of the lease agreement dated August 22, 2005, contract No. 3533

   Until September 1, 2031

2. Act amendedLease agreement

   Amend clause 4.4 of the agreement by removing the words "and to alienate the attached immovable property to the lessor on terms determined by the parties."

   Deleted lease agreement No. 3533 dated August 22, 2005 · Clause 4.4

   Clause 4.4: and to alienate the attached immovable property to the lessor on terms determined by the parties.

   Clause 4.4: remove the words "and to alienate the attached immovable property to the lessor on terms determined by the parties."

3. Act amendedLease agreement

   Amend clause 5.5 of the agreement by removing the words "and to alienate the attached immovable property to the lessor."

   Deleted lease agreement No. 3533 dated August 22, 2005 · Clause 5.5

   Clause 5.5: and to alienate the attached immovable property to the lessor.

   Clause 5.5: remove the words "and to alienate the attached immovable property to the lessor."

4. Act amendedLease agreement

   Amend the agreement by adding new clauses 6.7, 6.8, 6.9, and 6.10 to clause 6.

   Added lease agreement No. 3533 dated August 22, 2005 · Clause 6

   Clause 6: Add new clauses 6.7, 6.8, 6.9, and 6.10.

   Add new clauses 6.7, 6.8, 6.9, and 6.10 to clause 6 of the agreement. Clause 6.7: If the purpose of using the leased land plot needs to be changed, the lessor has the right to terminate the agreement by giving one month's prior notice to the lessee. Clause 6.8: In case of implementation of urban planning or investment programs approved by the community of Yerevan or the Yerevan Municipality, or regulation of urban planning issues of courtyard and inter-courtyard areas, as well as implementation of other programs by or with the participation of the community of Yerevan, or regulation of other public issues, the lessor has the right to unilaterally terminate this agreement, in which case the agreement is considered terminated or ceased on the day following the expiration of three months from the date of receipt of the notification of unilateral termination of the agreement by the lessee, and the state registration of the lease right arising from this agreement is recognized as invalid based on sub-point 'c' of point 3 of part 3 of Article 35 of the Law "On State Registration of Rights to Property" upon the application of the lessor. Clause 6.9: The parties hereby unconditionally agree that the written notification of unilateral termination of the agreement in accordance with clause 6.8 of the agreement is carried out simultaneously in the following three ways: a. The written notification of the lessor is published on the official websites of the Yerevan Municipality www.yerevan.am, as well as the public notices of the Republic of Armenia www.azdarar.am. b. The written notification of the lessor is sent to the lessee's e-mail address (if available). c. The written notification of the lessor is sent by postal mail via registered letter. Clause 6.10: The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 6.9 of the agreement are considered proper and valid. In this case, the lessee is considered duly notified of the unilateral termination of the agreement from the day of publication of the notification on the mentioned websites. The lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the entire term of the agreement is their continuous and uninterrupted contractual obligation.

5. Act amendedLease agreement

   Amend clause 8 of the agreement to reflect the annual land lease payment of 9,419 AMD and the cadastral value of 38,290 AMD per sqm.

   Replaced lease agreement No. 3533 dated August 22, 2005 · Clause 8

   Clause 8: The annual land lease payment is 9,419 AMD (nine thousand four hundred nineteen) (24.6 sqm x 38,290 x 1%). The cadastral value of the land plot, approximated to the market value at the time of signing the contract, is 38,290 AMD per sqm.

   Clause 8: The annual land lease payment is 9,419 AMD (nine thousand four hundred nineteen) (24.6 sqm x 38,290 x 1%). The cadastral value of the land plot, approximated to the market value at the time of signing the contract, is 38,290 AMD per sqm.

6. Act amendedLease agreement

   Amend clause 9 of the agreement regarding changes in cadastral value and rent, and the procedure for notification and application of new rent amounts.

   Replaced lease agreement No. 3533 dated August 22, 2005 · Clause 9

   Clause 9: In case of changes (increase) in the cadastral value of land approximated to market value and/or the amount of rent established by the decisions of the Council of Elders 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 land approximated to market value and/or rent, the calculated rent amount is subject to application (the contract is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee has notified the Lessor of the early termination of the contract (refusal of the contract) before the end of the corresponding 15-day period.

   Clause 9: In case of changes (increase) in the cadastral value of land approximated to market value and/or the amount of rent established by the decisions of the Council of Elders 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 land approximated to market value and/or rent, the calculated rent amount is subject to application (the contract is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee has notified the Lessor of the early termination of the contract (refusal of the contract) before the end of the corresponding 15-day period.

7. Address assignedReal estate object

   Grant the address "Kirk Kirkoryan Street, 48/98" to the garage transferred to Suren Davtyan.

   • Beneficiary: Suren Davtyan

   Object

   Kirk Kirkoryan Street, 48/98, Yerevan

8. Execution assignedReal estate object

   Instruct the Real Estate Management Department of the Staff of the Yerevan Municipality to send information regarding the address of the real estate granted based on this decision to the State Committee of the Real Estate Cadastre of Armenia, the territorial body of Yerevan, the Yerevan city department of the Police of the Republic of Armenia, and the head of the Ajapnyak administrative district within 3 working days.

   • Executor: Real Estate Management Department of the Staff of the Yerevan Municipality
9. OtherMunicipal act

   Take note that the right arising from the agreement mentioned in the first point of this decision is subject to state registration in the relevant department of the State Committee of the Real Estate Cadastre of Armenia.

10. Oversight assignedMunicipal act

    Ensure control over the execution of this decision by the First Deputy Mayor of Yerevan Armen Pambukhchyan.

    • Oversight: Armen Pambukhchyan

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