What was decided

1. Lease extendedLease agreement

   Authorize the head of the Ajapnyak administrative district to conclude an agreement on behalf of the Mayor of Yerevan with Svetlana Manukyan to extend the lease agreement No. 765 dated February 25, 2006, for the land plot occupied by garage 14 of building 31A in Nazarbeyan street, and to make changes and additions to it.

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

2. Act amendedLease agreement

   Replace the words "Melanya Nikoyan" with "Svetlana Manukyan" in the contract.

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Replaced 765 · contract

   Melanya Nikoyan

   Svetlana Manukyan

3. Act amendedLease agreement

   Add a new paragraph to clause 16 of the contract with the following content: "Based on the agreement concluded between the parties, the term of the contract has been extended until September 1, 2031."

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Added 765 · Clause 16

   The term of the contract has been extended until September 1, 2031.

4. Act amendedLease agreement

   Delete from clause 4.2 of the contract the words "including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia".

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Deleted 765 · Clause 4.2

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

5. Act amendedLease agreement

   Delete from clause 4.4 of the contract the words "and alienate the attached real estate to the lessor on terms determined by the parties."

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Deleted 765 · Clause 4.4

   and alienate the attached real estate to the lessor on terms determined by the parties.

6. Act amendedLease agreement

   Delete from clause 5.5 of the contract the words "and alienate the attached real estate to the lessor".

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Deleted 765 · Clause 5.5

   and alienate the attached real estate to the lessor

7. Act amendedLease agreement

   Add new sub-clauses 6.7, 6.8, 6.9, and 6.10 to clause 6 of the contract with the following content: [content of sub-clauses]

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Added 765 · Clause 6

   6.7 The lessor has the right to refuse the contract in the prescribed manner, having previously notified the lessee one month in advance, if the purpose of using the leased land plot needs to be changed. 6.8 Due to the implementation of urban planning or investment programs approved by the community of Yerevan or the Yerevan Municipality, or the regulation of urban planning issues of courtyard, inter-courtyard areas, as well as the implementation of other programs by or with the participation of the community of Yerevan, or the regulation of other public issues, the lessor has the right to unilaterally terminate this contract, in which case the contract is considered terminated or ceased on the day following the expiration of three months from the date of receipt by the lessee of the notification of unilateral termination of the contract, and the state registration of the lease right arising from this contract is recognized as invalid based on the application of the lessor, in accordance with subparagraph 'c' of point 3 of part 3 of Article 35 of the Law "On State Registration of Property Rights". 6.9 The parties hereby unconditionally agree that the lessor's written notification of unilateral termination of the contract in accordance with clause 6.8 of the contract is carried out simultaneously in the following three ways: a. The lessor's written notification 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 lessor's written notification is sent to the lessee's e-mail address (if available), c. The lessor's written notification is sent by postal delivery by registered mail. 6.10 The parties hereby unconditionally agree and guarantee that the notification methods specified in clause 6.9 of the contract are considered proper and valid. Moreover, the lessee is considered duly notified of the unilateral termination of the contract from the day the notification is published 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 contract is their continuous and uninterrupted contractual obligation under any circumstances.

8. Act amendedLease agreement

   Rewrite clause 8 of the contract as follows: "The annual rent for the land plot is 8,661 (eight thousand six hundred sixty-one) AMD, in accordance with subparagraph d) of point 1 of clause 40 of the appendix to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025. (34.8 sqm x 24,889 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the contract, is 24,889 AMD per 1 sqm."

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Replaced 765 · Clause 8

   The annual rent for the land plot is 8,661 (eight thousand six hundred sixty-one) AMD, in accordance with subparagraph d) of point 1 of clause 40 of the appendix to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025. (34.8 sqm x 24,889 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the contract, is 24,889 AMD per 1 sqm.

   The annual rent for the land plot is 8,661 (eight thousand six hundred sixty-one) AMD, in accordance with subparagraph d) of point 1 of clause 40 of the appendix to decision No. 463-N of the Council of Elders of Yerevan dated December 23, 2025. (34.8 sqm x 24,889 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the contract, is 24,889 AMD per 1 sqm.

9. Act amendedLease agreement

   Rewrite clause 9 of the contract as follows: "In case of an increase in the cadastral value of land approximated to the market value and/or the amount of rent established by 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 the 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."

   • Owner: Yerevan Municipality
   • Beneficiary: Svetlana Manukyan

   Object

   1 Nazarbeyan street, building 31A, garage 14, Yerevan

   Cadastral code

   04112025-01-0099

   Area

   34.8 m²

   Replaced 765 · Clause 9

   In case of an increase in the cadastral value of land approximated to the market value and/or the amount of rent established by 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 the 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.

   In case of an increase in the cadastral value of land approximated to the market value and/or the amount of rent established by 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 the 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.

10. Cadastre action requestedLease agreement

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

    • Executor: State Real Estate Cadastre Committee
    • Applicant: Yerevan Municipality

    Object

    1 Nazarbeyan street, building 31A, garage 14, Yerevan

    Cadastral code

    04112025-01-0099

    Area

    34.8 m²

11. Execution assignedMunicipal act

    Entrust the organization and responsibility for the execution of this decision to the head of the Ajapnyak administrative district of Yerevan.

    • Executor: Ajapnyak administrative district of Yerevan
12. 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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