What was decided

1. Contract extendedLease agreement

   Extend the term of the lease agreement No. 3771, concluded on August 23, 2005, for the land plot of 22.8 sqm occupied by the garage near building 158, Z. Andraniki street, and make amendments and additions to the agreement.

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Object

   Zoravar Andraniki street, 158/21

   Area

   22.8 m²

2. Act amendedLease agreement

   Add a new paragraph to clause 16 of the agreement stating: "The term of the agreement has been extended until September 1, 2031."

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Added lease agreement No. 3771 · Clause 16

   (no new paragraph)

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

3. Act amendedLease agreement

   Remove the words "(including capital construction in accordance with the procedure established by the legislation of the Republic of Armenia)" from sub-clause 4.2 of the agreement.

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Deleted lease agreement No. 3771 · Sub-clause 4.2

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

   (removed text)

4. Act amendedLease agreement

   Remove the words "and the immovable property attached shall be alienated to the "Lessor" under terms determined by the parties" from sub-clause 4.4 of the agreement.

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Deleted lease agreement No. 3771 · Sub-clause 4.4

   and the immovable property attached shall be alienated to the "Lessor" under terms determined by the parties

   (removed text)

5. Act amendedLease agreement

   Remove the words "and alienate the attached immovable property to the "Lessor"" from sub-clause 5.5 of the agreement.

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Deleted lease agreement No. 3771 · Sub-clause 5.5

   and alienate the attached immovable property to the "Lessor"

   (removed text)

6. Act amendedLease agreement

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

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Added lease agreement No. 3771 · Clause 6

   (no new sub-clauses)

   6.7. In case of necessity to change the purpose of use of the leased land plot, the lessor has the right to terminate the agreement in the prescribed manner, having previously notified the lessee one month in advance. 6.8. Due to the implementation of urban development or investment programs approved by the community of Yerevan or the Yerevan Municipality, 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 community of Yerevan, or the regulation of other public issues, the lessor has the right to unilaterally terminate 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 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 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 Rights to Property". 6.9. The parties hereby unconditionally agree that the written notification of the Lessor about the unilateral termination of the agreement in accordance with sub-clause 6.8 of the agreement shall be carried out simultaneously in the following three ways: a) The Lessor's written notification shall be 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 shall be sent to the Lessee's electronic address (mail), if available. c) The Lessor's written notification shall be sent by postal delivery via registered mail. 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. Moreover, from the day of publication of the notification on the mentioned websites, the Lessee is considered duly notified of the unilateral termination of the agreement. The Lessee unconditionally agrees that following the websites www.yerevan.am and www.azdarar.am throughout the entire term of the agreement is its continuous and uninterrupted contractual obligation.

7. Act amendedLease agreement

   Rewrite clause 8 of the agreement as follows: [new text of clause 8].

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Replaced lease agreement No. 3771 · Clause 8

   (original text of clause 8)

   The annual lease payment for the land plot is AMD 8730 (eight thousand seven hundred thirty) in accordance with subparagraph (d) of point 1 of clause 40 of the annex to the decision of the Council of Elders of Yerevan dated December 23, 2025 (22.8 sqm x AMD 38290 x 1%). The cadastral value of the land plot, approximated to the market value at the time of concluding the agreement, is AMD 38290 per 1 sqm.

8. Act amendedLease agreement

   Rewrite clause 9 of the agreement as follows: [new text of clause 9].

   • Counterparty: Mariam Petrosyan
   • Executor: Sasha Katvalyan
   • Owner: Yerevan Municipality

   Replaced lease agreement No. 3771 · Clause 9

   (original text of clause 9)

   In cases where the cadastral value of land approximated to market value and/or the amount of rent determined by decisions of the Council of Elders of Yerevan changes (increases), 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 agreement is considered amended) no earlier than 15 days after written notification thereof. The rent is not changed if the Lessee notifies the Lessor of the early termination of the agreement (termination of the contract) before the end of the corresponding 15-day period.

9. Address assignedReal estate object

   Grant the address "Zoravar Andraniki street, 158/21" to the garage belonging to Mariam Petrosyan.

   • Owner: Mariam Petrosyan

   Object

   Zoravar Andraniki street, 158/21

10. Cadastre action requestedReal estate object

    Instruct the Real Estate Management Department of the Yerevan Municipality Administration to send information regarding the address granted based on this decision to the Yerevan territorial unit of the State Committee of the Real Estate Cadastre of the Republic of Armenia, the relevant unit and department of the Police of Yerevan, and the head of the Malatia-Sebastia administrative district within 3 working days.

    • Other: Sasha Katvalyan
    • Executor: Yerevan Municipality Administration's Real Estate Management Department
    • Other: State Committee of the Real Estate Cadastre of the Republic of Armenia
    • Other: Police of Yerevan
11. Oversight assignedMunicipal act

    The organization of the execution of this decision and the responsibility for it shall be entrusted to the head of the Malatia-Sebastia administrative district of Yerevan. The control over the execution of this decision is ensured by the First Deputy Mayor of Yerevan Armen Pambukhchyan.

    • Oversight: Armen Pambukhchyan

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