Property Lease Agreement
Exhibit 4.40
Lessor (Party A): Jiangsu Longrich Bioscience Co., Ltd.
Lessee (Party B): Shanghai Juhao Information Technology Co., Ltd.
On the basis of voluntariness and equality, Party A and Party B have reached the following agreement on property leasing through consultation:
| 1. | Location, area, structure, decoration and facilities of the property: Xx. 00 Xxxxxxxx Xxxx., Xxxxxxxx Xxxxxxxxxx Xxxx, Xxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, covering an area of 5976.18 square meters. |
| 2. | Lease purpose: For Party B's daily office, etc. |
| 3. | Lease term: From January 1, 2024 to December 31, 2024 |
| 4. | Rent and payment method: The rent is RMB 2,740,915 per year, payable monthly with RMB 228,409.58. |
| 5. | House maintenance responsibility: Party B shall not change the structure during lease. |
| 6. | Agreement on sublease: During the lease term, if Party A transfers the ownership of the leased space to a third party, it is not necessary to seek the consent of the lessee, but it shall inform the lessee of the transfer of ownership. If Party B transfers the leased space to a third party due to work needs, it must obtain the consent of the lessor in advance. |
| 7. | Modification and termination of contract： |
If one party fails to perform the contract for more than 10 days, the other party without fault has the right to terminate the contract unilaterally.
| 8. | Rights and obligations of Party A and Party B： |
| 8.1 | Rights and obligations of Party A:
Party A shall ensure the completion of the infrastructure and shall not sublet the space without the permission of Party B. |
| 8.2 | Rights and obligations of Party B: |
| i. | Party B shall pay the rent on time and have the obligation to maintain and repair the space during the lease period. |
| ii. | During the lease period of the space, all expenses incurred by Party B due to business operation shall be borne by Party B itself. |
| 9. | This Agreement shall come into force from the date of signing. In case of any dispute, both parties shall settle it through negotiation. If the negotiation fails, the dispute shall be submitted to Changshu people's court for judgment. |
| 10. | This agreement is made in duplicate, one for each party. |
| 11. | This agreement has three copies. |
| Party A： | Party B： | |||
| Legal Person： | Legal Person： | |||
| Signed at： | Changshu, Jiangsu | Signing date: | 12/29/2023 | |
