Exhibit 10.3


 





Greenland Acquisition Corporation


Suite 906, Tower W1, Oriental Plaza,
No. 1 East Chang'an Street


Dongcheng District, Beijing


People’s Republic of China


 


July __, 2018


 


Puhui Wealth Investment Management (Beijing) Co., Ltd.


Suite 906, Tower W1, Oriental Plaza, No. 1 East Chang'an Street


Dongcheng District, Beijing


People’s Republic of China


 


Ladies and Gentlemen:


 


This letter agreement
will confirm our agreement that, commencing on the first date (the “Effective Date”) that any securities
of Greenland Acquisition Corporation (the “Company”) registered on the Company’s registration statement
(the “Registration Statement”) for its initial public offering (the “IPO”)
are listed on the Nasdaq Capital Market, and continuing until the earlier of (i) the consummation by the Company of an initial
business combination and (ii) the Company’s liquidation (in each case as described in the Registration Statement) (such
earlier date hereinafter referred to as the “Termination Date”), Puhui Wealth Investment Management (Beijing)
Co., Ltd. (“Puhui”) shall make available to the Company certain office space, utilities and secretarial
and administrative services as may be required by the Company from time to time, situated at Suite 906, Tower W1, Oriental Plaza,
No. 1 East Chang'an Street, Dongcheng District, Beijing, People’s Republic of China (or any successor location). In
exchange therefor, the Company shall pay Puhui the sum of $10,000 per month on the Effective Date and continuing monthly thereafter
until the Termination Date. Puhui hereby agrees that it does not have any right, title, interest or claim of any kind in or to
any monies that may be set aside in a trust account (the “Trust Account”) that may be established upon
the consummation of the IPO as a result of this letter agreement (the “Claim”) and hereby irrevocably
waives any Claim it may have in the future as a result of, or arising out of, this letter agreement and will not seek recourse
against the Trust Account for any reason whatsoever.


 


This letter agreement
constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior
understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any
way to the subject matter hereof or the transactions contemplated hereby.


 


This letter agreement
may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.


 


No party hereto may
assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval
of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee.


 


Any litigation between
the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and
interpreted pursuant to the laws of the State of New York, without giving effect to its choice of laws principles.


 


[signature page follows]


 




    	 	 	 



     


    

 


  


	 	Very truly yours,
	 	 
	 	GREENLAND ACQUISITION CORPORATION


  


	 	By:	 
	 	 	Name: Yanming Liu
	 	 	Title: Chief Executive Officer


 


AGREED TO AND ACCEPTED BY:


 


	PUHUI WEALTH INVESTMENT MANAGEMENT (BEIJING) CO., LTD.	 


  


	By:	 	 
	 	Name: 	 
	 	Title: