Exhibit 10.8


 


KINS Technology Group Inc. 


Four Palo Alto Square, Suite 200

3000 El Camino Real

Palo Alto, CA 94306


 


[l],
2020


 


KINS Capital LLC 


Four Palo Alto Square, Suite 200

3000 El Camino Real

Palo Alto, CA 94306


 


Re: Administrative Services Agreement


 


Gentlemen:


 


This letter agreement by and between
KINS Technology Group Inc., a Delaware corporation (the “Company”), and KINS Capital LLC, a
Delaware limited liability company (“KINS Capital”), dated as of the date hereof, will confirm our
agreement that, commencing on the date the securities of the Company are first listed on The Nasdaq Capital Market (the
 “Listing Date”) and continuing until the earlier of the consummation by the Company of an initial
business combination and the Company’s liquidation (in each case as described in the Registration Statement on
Form S-1 (File No. 333-249177) filed with the Securities and Exchange Commission) (such earlier date hereinafter
referred to as the “Termination Date”):


 


		1.	KINS Capital shall make available to the Company, at Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto,
CA 94306 (or any successor location or other existing office locations of KINS Capital or any of its affiliates), certain office
space, administrative and support services, including compliance services, as may be reasonably requested by the Company. In exchange
therefor, the Company shall pay, on the first day of each month, to KINS Capital the sum of $20,000 per month commencing on the
Listing Date and continuing monthly thereafter until the Termination Date; and



 


		2.	KINS Capital hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind or nature
whatsoever (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it
out of, the trust account established for the benefit of the public stockholders of the Company and into which substantially all
of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”),
and hereby irrevocably waives any Claim it presently has or may have in the future as a result of, or arising out of, this letter
agreement, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in
the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust
Account or any monies or other assets in 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,
provided that KINS Capital may assign this letter agreement to an affiliate without the prior written approval of the Company.
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.


 


This letter agreement, the entire relationship
of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or equity) shall
be governed by and construed in accordance with the laws of the State of New York.


 






    


     


    

 


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 letter agreement.


 


[Signature page follows]


 






    2


     


    

 


	 	Very truly yours,
	 
	 	KINS TECHNOLOGY GROUP INC.
	 
	 	By:	 
	 	 	Name:
	 	 	Title:




 


	AGREED TO AND ACCEPTED BY:
	 
	KINS CAPITAL LLC
	 
	By:	 	 
	 	Name:	 
	 	Title: