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

What was decided

1. Lease extendedLand plot

   To Sasha Katvalyan, head of the Malatia-Sebastia administrative district of Yerevan city, in the manner prescribed by law, on behalf of the Mayor of Yerevan, to conclude an agreement with "Gazprom Armenia" CJSC on extending the term of lease agreement No. 1181 concluded on May 5, 2005, for the land plot of 16.0 sq.m. occupied by the gas distribution station located at S. Ohanyan street, h.10, and making amendments and additions thereto

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Object

   S. Ohanyan street, h.10

   Cadastral code

   30012026-01-0551

   Area

   16 m²

2. Act amendedLease agreement

   in the agreement, replace the words ""HAYRUSGAZARD" closed joint-stock company represented by authorized person Artur Chilingaryan" with the words ""GAZPROM ARMENIA" CJSC"

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Replaced 1181 · in the agreement

   "HAYRUSGAZARD" closed joint-stock company represented by authorized person Artur Chilingaryan

   "GAZPROM ARMENIA" CJSC

3. Act amendedLease agreement

   Supplement clause 16 of the agreement with a new paragraph with the following content: "Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2029."

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Added 1181 · clause 16 of the agreement

   Based on the agreement concluded between the parties, the term of the agreement has been extended until September 1, 2029.

4. Act amendedLease agreement

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

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Deleted 1181 · from sub-clause 4.2. of the agreement

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

5. Act amendedLease agreement

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

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Deleted 1181 · from sub-clause 4.4. of the agreement

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

6. Act amendedLease agreement

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

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Deleted 1181 · from sub-clause 5.5. of the agreement

   and alienate the fixed immovable property to the "Lessor",

7. Act amendedLease agreement

   Supplement clause 6 of the agreement with new sub-clauses 6.7., 6.8., 6.9. and 6.10., with the following content: 6.7. In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to withdraw from the agreement in the prescribed manner, by notifying the lessee one month in advance. 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 courtyard and inter-courtyard 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 (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 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", based on the application of the Lessor. 6.9. Hereby the parties unconditionally agree that the written notification of the Lessor on 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 written notification of the Lessor is published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am, b) The written notification of the Lessor is sent to the electronic address (mail) of the Lessee, if available, c) The written notification of the Lessor is sent by postal delivery with a registered letter. 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 its continuous and uninterrupted contractual obligation under any circumstances.

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Added 1181 · supplement clause 6 of the agreement with new sub-clauses 6.7., 6.8., 6.9. and 6.10.

   6.7. In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to withdraw from the agreement in the prescribed manner, by notifying the lessee one month in advance. 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 courtyard and inter-courtyard 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 (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 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", based on the application of the Lessor. 6.9. Hereby the parties unconditionally agree that the written notification of the Lessor on 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 written notification of the Lessor is published on the websites of Yerevan City Hall www.yerevan.am, as well as on the public notification website of the Republic of Armenia www.azdarar.am, b) The written notification of the Lessor is sent to the electronic address (mail) of the Lessee, if available, c) The written notification of the Lessor is sent by postal delivery with a registered letter. 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 its continuous and uninterrupted contractual obligation under any circumstances.

8. Act amendedLease agreement

   redraft clause 8 of the agreement as follows: "8. The annual rent for the land plot, in accordance with sub-paragraph e) of point 1 of clause 40 of the appendix to decision No. 463-Ն of December 23, 2025, of the Council of Elders of the City of Yerevan, amounts to 6126 (six thousand one hundred twenty-six) AMD (16.0 sq.m. x 38290 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 38290 drams per 1 sq.m.

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Replaced 1181 · point 8

   The annual rent for the land plot, in accordance with sub-paragraph e) of point 1 of clause 40 of the appendix to decision No. 463-Ն of December 23, 2025, of the Council of Elders of the City of Yerevan, amounts to 6126 (six thousand one hundred twenty-six) AMD (16.0 sq.m. x 38290 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 38290 drams per 1 sq.m.

   The annual rent for the land plot, in accordance with sub-paragraph e) of point 1 of clause 40 of the appendix to decision No. 463-Ն of December 23, 2025, of the Council of Elders of the City of Yerevan, amounts to 6126 (six thousand one hundred twenty-six) AMD (16.0 sq.m. x 38290 AMD x 1%). At the time of concluding the agreement, the cadastral value of the land plot approximated to the market value is 38290 drams per 1 sq.m.

9. Act amendedLease agreement

   redraft clause 9 of the agreement as follows: "9. In cases of change (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.

   • Counterparty: "Gazprom Armenia" CJSC
   • Executor: Sasha Katvalyan

   Replaced 1181 · point 9

   9. In cases of change (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.

   9. In cases of change (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.

10. Execution assignedMunicipal act

    Take into account that the right arising from the agreement mentioned in point 1 of this decision is subject to state registration in the relevant department of the Cadastre Committee of the Republic of Armenia.

    • Executor: Sasha Katvalyan
11. Oversight assignedMunicipal act

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

    • Oversight: A. Pambukhchyan

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