The permanent Court of Arbitration adjunct to the NGO “Defender of Right Union” recommends the following version of the arbitration agreement in case a separate Arbitrage Agreement not included in contracts, with the choice of including specific arbitrators, is needed to be concluded.

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"....................." LLC, hereinafter Company, in the person of ................ on the one hand, and civil / legal entity/entities, hereinafter referred to as "the Parties", on the other hand, together with the Client, have signed this Arbitration Agreement as follows:

The settlement of all disputes arising out of the contract #......., excluding the jurisdiction of the courts of general jurisdiction, signed between the parties on ……... and the contract assuring its execution signed on ......, is handed over to the Permanent Commercial Arbitration Court adjunct to the NGO "Defender of Right Union", hereinafter Arbitration.

The Arbitration Trial will be conducted in accordance with the RA Law on Commercial Arbitration, in conformity with the Charter and Regulations of the Permanent Commercial Arbitration adjunct to the NGO "Defender of Right Union". In addition, the client hereby assures that they are aware of the procedure of conducting cases in the permanently functioning Commercial Arbitrage adjunct to the NGO " Defender of Right Union". The aforementioned regulatory materials are available at www ..............., as well as can be obtained from the arbitrage or from the head office and branches of the Company / Bank.

The Parties shall establish that the arbitral tribunal shall be formed by a sole arbitrator and the arbitrator who is the sole arbitrator presiding over the arbitral tribunal shall be elected ............................... as an arbitrator for the permanent Arbitration adjunct to the NGO "Defender of Right Union".

The parties agree that the proceedings of the dispute will be conducted only on the basis of written materials without the oral examination.

The disputes shall be settled in accordance with the RA Law on Material Law.

The language of the arbitral proceedings is Armenian, the arbitral tribunal is in the city of Yerevan.

The present agreement is made in Armenian, in three copies, which have equal legal force. Each party is given one example.