Exhibit 10.5


 


ADMINISTRATIVE
SERVICES AGREEMENT


 


Kismet Capital Group LLC


9 Building B, Lesnaya Street


Moscow, Russia 125196


 


Ladies and Gentlemen:


 


This letter will
confirm our agreement that, commencing on the effective date (the “Effective Date”) of the registration
statement (the “Registration Statement”) for the initial public offering (the “IPO”)
of the securities of Kismet Acquisition One Corp (the “Company”) 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”),
Kismet Capital Group LLC (the “Provider”) shall take steps directly or indirectly to make available to
the Company certain office space, utilities, secretarial support and administrative services as may be required by the Company
from time to time, situated at 9 Building B, Lesnaya Street, Moscow, Russia 125196 (or any successor location). In exchange therefor,
the Company shall pay the Provider a sum of up to $10,000 per month on the Effective Date and continuing monthly thereafter until
the Termination Date. Provider hereby agrees that it does not have any right, title, interest or claim of any kind (a “Claim”)
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 and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out
of, any negotiations, contracts or agreements with the Company 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 the parties hereto.


 


The parties may
not assign this letter agreement and any of their rights, interests, or obligations hereunder without the prior written consent
of the other party.


 


This letter agreement
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 that will apply the laws of another jurisdiction.


 


This letter agreement
may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability
is sought needs to be produced to evidence the existence of this letter agreement.


 


[Signature Page Follows]


 




    	 		 



     


    




 


	 	Very truly yours,
	 	 
	 	KISMET ACQUISITION ONE CORP
	 	 	 
	 	By:	
        /s/ Ivan Tavrin

	 	Name:	Ivan Tavrin
	 	Title:	Chairman and Chief Executive Officer


 


	AGREED TO AND ACCEPTED BY:	 
	 	 
	KISMET CAPITAL GROUP LLC	 
	 	 
	By:	
         /s/ Svetlana Ushakova
	 
	Name:	Svetlana Ushakova	 
	Title:	General Director	 





 


[Signature Page
to Administrative Services Agreement]