Exhibit 10.5

   

  EMERGING MARKETS HORIZON CORP. 

  30 Ekaterinis Kornarou street, 3rd floor,

  Stovolos 2024,

  Nicosia, Cyprus

   

  December 8, 2021

   

  Emerging Markets Horizon Corp. 

  30 Ekaterinis Kornarou street, 3rd floor,

  Stovolos 2024,

  Nicosia, Cyprus

   

  Ladies and Gentlemen:

   

  This letter agreement will confirm our agreement that, commencing on the day after the effective date (the “Effective Date”) of
    the registration statement (the “Registration Statement”) for the initial public offering (the “IPO”) of the securities of Emerging Markets Horizon 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”), EM Horizon Investments (the “Sponsor”) shall take steps directly or indirectly to make available to the Company certain office space, secretarial and administrative services as may be required by the
    Company from time to time, situated at 30 Ekaterinis Kornarou street, 3rd floor, Stovolos 2024, Nicosia, Cyprus (or any successor location). In exchange therefore, the Company shall pay the Sponsor a sum of up to $5,000 per month on the day after the
    Effective Date and continuing monthly thereafter until the Termination Date. The Sponsor 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 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. 

    

   

  

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          Very truly yours,

        
	
           

        	
           

        
	
           

        	
          EMERGING MARKETS HORIZON CORP.

        
	
           

        	
           

        
	
           

        	
          By: /s/ Riccardo Orcel

        
	
           

        	
          Name:

        	
          Riccardo Orcel

        
	
           

        	
          Title:

        	
          CEO

        


   

  	
          AGREED TO AND ACCEPTED BY:

        	
           

        
	
           

        	
           

        
	
          EM HORIZON INVESTMENTS

        	
           

        
	
           

        	
           

        
	
          By: /s/ Riccardo Orcel

        	
           

        
	
          Name:

        	
          Riccardo Orcel

        	
           

        
	
          Title:

        	
          Managing Member