Exhibit 10.2


 


Kismet Acquisition One Corp


Ritter House 


Wickhams Cay II


PO Box 3170 


Road Town, Tortola


British Virgin Islands, VG 1110


 


June 08, 2020


  


Kismet Sponsor Limited


3rd Floor, Yamraj Building


Market Square


PO Box 3175


Road Town, Tortola


British Virgin Islands, VG 1110


 


RE: Securities Purchase Agreement


 


Ladies and Gentlemen:


 


We are pleased to accept
the offer you (the “Subscriber”) have made to purchase an aggregate of 6,250,000 ordinary shares (the “Ordinary
Shares”) of no par value per share, up to 750,000 of which Ordinary Shares are subject to complete or partial forfeiture
(the “forfeiture”) if the underwriters of the initial public offering (“IPO”) of Kismet Acquisition
One Corp, a British Virgin Islands company (the “Company”) do not fully exercise their over-allotment option
(the “Over-allotment Option”). The terms on which the Company is willing to sell the Ordinary Shares to the
Subscriber, and the Company’s and the Subscriber’s agreements regarding such Ordinary Shares (the “Agreement”),
are as follows:


 


1. Purchase
of Shares. For the aggregate sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving
in cash, the Company hereby sells and issues to the Subscriber, and the Subscriber hereby purchases from the Company 6,250,000
Ordinary Shares, for a purchase price of $0.004 per Ordinary Share, to be issued fully paid but subject to forfeiture by the Subscriber,
on the terms and subject to the conditions set forth in this Agreement. Following the Subscriber’s execution of this Agreement
and if the Subscriber so requests, the Company shall deliver to the Subscriber a share certificate (the Original Certificate)
evidencing the Ordinary Shares registered in the Subscriber’s name pursuant to its subscription under this Agreement.


 






     


     


    

 


2. Representations,
Warranties and Agreements.


 


2.1 Subscriber’s
Representations, Warranties and Agreements. To induce the Company to issue the Ordinary Shares to the Subscriber, the Subscriber
hereby represents and warrants to the Company and agrees with the Company as follows:


 


2.1.1. No
Government Recommendation or Approval. The Subscriber understands that no United States federal or state agency or similar
agency of any other country has passed upon or made any recommendation or endorsement of the offering of the Ordinary Shares.


 


2.1.2. No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Subscriber of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the memorandum and articles of association
of the Subscriber; (ii) any agreement, indenture or instrument to which the Subscriber is a party; or (iii) any law, statute,
rule or regulation to which the Subscriber is subject, or any agreement, order, judgment or decree to which the Subscriber is subject.


 


2.1.3. Organization
and Authority. The Subscriber is a business company duly incorporated, validly existing and in good standing under the
laws of the British Virgin Islands and possesses all requisite power and authority necessary to carry out the transactions contemplated
by this Agreement.


 


2.1.4  Experience,
Financial Capability and Suitability. The Subscriber is sufficiently experienced in financial and business matters to be capable
of evaluating the merits and risks of this investment and to make an informed decision relating thereto. The Subscriber is aware
its investment in the Company is a speculative investment that has limited liquidity, because there may never be an established
market for the Company’s securities. The Subscriber has the financial capability for making the investment and the investment
is a suitable one for the Subscriber. The Subscriber can, without impairing its financial condition, hold the Ordinary Shares for
an indefinite period of time and can afford a complete loss of the investment. The Subscriber acknowledges that the Company has
urged the Subscriber to seek independent advice from professional advisors relating to the suitability of an investment in the
Company and in connection with this Agreement, and that the Subscriber has sought and received such independent professional advice
with respect to such investment and this Agreement or, after careful consideration, the Subscriber has determined to waive its
right to seek and/or receive such independent professional advice.


 


2.1.5. Access
to Information. Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask questions of and receive
answers from representatives of the Company concerning an investment in the Company, as well as the finances, operations, business
and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so
obtained.


 






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2.1.6. Private
Offering. The Subscriber represents that it is (a) an “accredited investor” as such term is defined in Rule 501(a)
of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) or (b) not a “U.S.
Person” as defined in Rule 902 of Regulation S (“Regulation S”) under the Securities Act. The Subscriber
acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption to “Accredited Investors”
within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions under state law or to a non-U.S.
Person under Regulation S. Accordingly, the Ordinary Shares will be “restricted securities” within the meaning of Rule
144(a)(3) under the Securities Act, and therefore may not be offered, pledged or sold by the Subscriber, directly or indirectly,
in the United States without registration under United States federal and state securities laws or an exemption therefrom and the
Subscriber understands the certificates representing the Ordinary Shares will contain a legend in respect of such restrictions.
The Subscriber did not decide to enter into the Agreement as a result of any general solicitation or general advertising within
the meaning of Rule 502 under the Securities Act or as a result of any “directed selling efforts” within the meaning
of Rule 902 under Regulation S.


 


2.1.7 Investment
Purposes. The Subscriber is purchasing the Ordinary Shares solely for investment purposes, for the Subscriber’s own account
and not for the account or benefit of any U.S. Person, and not with a view towards the distribution thereof and the Subscriber
has no present arrangement to sell the Ordinary Shares to or through any person or entity. The Subscriber shall not engage in hedging
transactions with regard to the Ordinary Shares unless in compliance with the Securities Act.


 


2.1.8. Restrictions
on Transfer. The Subscriber understands the Ordinary Shares are being offered in a transaction not involving a public offering
within the meaning of the Securities Act. The Ordinary Shares have not been registered under the Securities Act, and, if in the
future the Subscriber decides to offer, resell, pledge or otherwise transfer the Ordinary Shares, such Ordinary Shares may be offered,
resold, pledged or otherwise transferred only (A) in accordance with the provisions of Regulation S (Rule 901 through 905), (B)
pursuant to a registration under the Securities Act, or (C) pursuant to an available exemption from registration. Subscriber agrees
that if any transfer of its Ordinary Shares or any interest therein is proposed to be made, as a condition precedent to any such
transfer, Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration
or an exemption, the Subscriber agrees not to resell the Ordinary Shares. The Subscriber further acknowledges that because the
Company is a shell company and Rule 144 may not be available to the Subscriber for the resale of the Ordinary Shares until one
year following the consummation of a business combination despite technical compliance with the requirements of Rule 144 and the
release or waiver of any contractual transfer restrictions.


 


2.2 Company’s
Representations, Warranties and Agreements. To induce the Subscriber to purchase the Ordinary Shares, the Company hereby represents
and warrants to the Subscriber and agrees with the Subscriber as follows:


 


2.2.1 Organization
and Corporate Power. The Company is a business company duly incorporated, validly existing and in good standing under the laws
of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company
possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement.


 


2.2.2. No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) the memorandum and articles of association
of the Company, (ii) any agreement, indenture or instrument to which the Company is a party or (iii) any law, statute, rule
or regulation to which the Company is subject, or any agreement, order, judgment or decree to which the Company is subject.


 


2.2.3. Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Ordinary Shares will be duly
and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof the
Subscriber will have or receive good title to the Ordinary Shares, free and clear of all liens, claims and encumbrances of any
kind, other than (a) transfer restrictions hereunder and under the other agreements contemplated hereby, (b) transfer restrictions
under federal and state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Subscriber.


 






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3. Forfeiture
of Shares.


 


3.1.    Partial
or No Exercise of the Over-allotment Option. In the event the Over-allotment Option is not exercised in full, the Subscriber
shall forfeit any and all rights to up to 750,000 Ordinary Shares (based upon the percentage of the Over-allotment Option not exercised)
such that immediately following such forfeiture, the Subscriber and all other initial shareholders prior to the IPO will own an
aggregate number of Ordinary Shares (not including ordinary shares issuable upon exercise of any warrants or any shares purchased
by the Subscriber in the Company’s IPO or in the aftermarket) equal to 20% of the sum of (a) the issued and outstanding ordinary
shares of the Company immediately following the IPO and (b) the 2,000,000 ordinary shares to be sold pursuant to the forward purchase
agreement proposed to be entered into between the Company and the Subscriber in connection with the consummation of the IPO.


 


3.2. Termination
of Rights as Shareholder. If any of the Ordinary Shares are forfeited by the Subscriber in accordance with this Section 3,
then after such time, the Subscriber (or successor in interest), shall no longer have any rights as a holder of such Ordinary Shares,
and the Company shall take such action as is appropriate to cancel such Ordinary Shares which may include by way of the compulsory
redemption and cancellation of such Ordinary Shares for nil consideration. In addition, the Subscriber hereby irrevocably grants
the Company a limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all actions reasonably
requested by the Company necessary to effect any adjustment in this Section 3 (including any such redemption as is referred to
herein above).


 


3.3 Share
Certificates.  In the event an adjustment to the Original Certificate, if any, is required pursuant to this Section 3,
then the Subscriber shall return such Original Certificate to the Company or its designated agent as soon as practicable upon its
receipt of notice from the Company advising Subscriber of such adjustment, following which a new certificate (the “New Certificate”),
if any, shall be issued in such amount representing the adjusted number of Ordinary Shares held by the Subscriber.  The New
Certificate, if any, shall be returned to the Subscriber as soon as practicable.  Any such adjustment for any uncertificated
securities held by the Subscriber shall be made in book-entry form.


 


4. Waiver
of Liquidation Distributions; Redemption Rights. In connection with the Ordinary Shares purchased pursuant to this Agreement
and any other Company securities purchased on a private placement basis, the Subscriber hereby waives any and all right, title,
interest or claim of any kind in or to any distributions by the Company from the Trust Account (as such term is defined in the
Investment Management Trust Agreement to be entered by and between the Company and the trustee thereunder), in the event of a liquidation
of the Company upon the Company’s failure to timely complete a business combination. For purposes of clarity, in the event
any Subscriber purchases ordinary shares in the IPO or in the aftermarket, any additional ordinary shares so purchased shall be
eligible to receive their pro rata portion of any liquidating distributions by the Company. However, in no event will the Subscriber
have the right to redeem any Ordinary Shares, or any ordinary shares purchased in the IPO or in the aftermarket, for funds held
in the Trust Account upon the successful completion of a business combination.


 






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5. Restrictions
on Transfer.


 


5.1. Securities
Law Restrictions. In addition to any restrictions to be contained in the Letter Agreement (as defined in Section 5.4 below),
the Subscriber agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Ordinary Shares
unless, prior thereto (a) a registration statement on the appropriate form under the Securities Act and applicable state securities
laws with respect to the Ordinary Shares proposed to be transferred shall then be effective or (b) the Company shall have received
an opinion from counsel reasonably satisfactory to the Company, that such registration is not required because such transaction
is exempt from registration under the Securities Act and the rules promulgated by the United States Securities and Exchange Commission
(the “SEC”) thereunder and with all applicable state securities laws.


  


5.2 Restrictive
Legends. All certificates representing the Ordinary Shares shall have endorsed thereon legends substantially as follows:


 


“THESE SECURITIES (i) HAVE
NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THESE SECURITIES
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER
THE SECURITIES ACT, (B) TO A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S
UNDER THE SECURITIES ACT, (C) PURSUANT TO THE RESALE LIMITATIONS SET FORTH IN RULE 905 OF REGULATIONS S UNDER THE SECURITIES ACT,
(D) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (E) PURSUANT TO
ANY OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER JURISDICTION. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED
UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.”


 


“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO A LETTER AGREEMENT AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED
DURING THE TERM OF THE LETTER AGREEMENT, EXCEPT IN ACCORDANCE WITH THE TERMS THEREOF.”


 






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5.3. Additional
Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary
dividend payable in a form other than share, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or
a similar transaction affecting the Company’s outstanding share capital without receipt of consideration, any new, substituted
or additional securities or other property which are by reason of such transaction distributed with respect to any Ordinary Shares
subject to this Section 5 or into which such Ordinary Shares thereby become convertible shall immediately be subject to this Section
5 and Section 3. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number
and/or class of Ordinary Shares subject to this Section 5 and Section 3.


 


5.4 Lock-up.
The Subscriber acknowledges that the Ordinary Shares will be subject to lock-up provisions (the “Lock-up”) contained
in a Letter Agreement, to be entered into prior to the date of the preliminary prospectus in connection with the IPO between the
Subscriber and the Company (the “Letter Agreement”). Pursuant to the Letter Agreement, the Subscriber shall
not sell, transfer, pledge, hypothecate or otherwise dispose of any or all of his or her respective Ordinary Shares until the earlier
of one year after the date of the consummation of the Company’s initial business combination (the “Consummation
Date”) and the date on which the closing price of the Ordinary Shares exceeds $12.00 per share for any 20 trading days
within a 30-trading day period commencing at least 150 days after the Consummation Date (as adjusted for share splits, share dividends,
reorganizations and recapitalizations). Notwithstanding the foregoing, the aforesaid restrictions shall lapse if, subsequent to
the Consummation Date, the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which
results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other
property.


 


5.5 Registration
Rights. The Subscriber acknowledges that the Ordinary Shares are being purchased pursuant to an exemption from the registration
requirements of the Securities Act and will become freely tradable only after they are registered pursuant to a Registration Rights
Agreement to be entered into with the Company prior to the closing of the IPO (“Registration Rights Agreement”).
The Subscriber is entitled to make such number of demands that the Company registers the Ordinary Shares pursuant to the terms
and restrictions as set forth in the Registration Rights Agreement.


 


6. Other
Agreements.


 


6.1. Further
Assurances. The Subscriber agrees to execute such further instruments and to take such further action as may reasonably be
necessary to carry out the intent of this Agreement.


 


6.2 No
Obligation as to Employment. The Company is not by reason of this Agreement obligated to employ, or continue to employ, the
Subscriber in any capacity.


 






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6.3. Notices.
All notices, requests, consents and other communications hereunder shall be in writing, shall be addressed to the receiving party’s
address set forth on the first page of this Agreement or to such other address as a party may designate by notice hereunder, and
shall be either (a) delivered by hand, (b) sent by overnight courier, or (c) sent by certified mail, return receipt requested,
postage prepaid. All notices, requests, consents and other communications hereunder shall be deemed to have been given either (i)
if by hand, at the time of the delivery thereof to the receiving party at the address of such party set forth above, (ii) if sent
by overnight courier, on the next business day following the day such notice is delivered to the courier service, or (iii) if sent
by certified mail, on the fifth business day following the day such mailing is made.


 


6.4. Entire
Agreement. This Agreement, together with the Letter Agreement, substantially in the form to be filed as an exhibit to the Company’s
registration statement on Form S-1 with the SEC, embodies the entire agreement and understanding between the Subscriber and the
Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating
to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth
in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement.


 


6.5. Modifications
and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement executed by
all parties hereto.


 


6.6. Waivers
and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only
by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall
be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether
or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was
given, and shall not constitute a continuing waiver or consent.


  


6.7. Assignment.
The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of
the other party.


 


6.8. Benefit.
All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto
and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement
shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded
as a third-party beneficiary of this Agreement.


 


6.9. Governing
Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed
by the laws of the British Virgin Islands for agreements made and to be wholly performed within such country.


 


6.10. Severability.
In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in
this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent
that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that
such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement
shall nevertheless remain in full force and effect.


 


6.11. No
Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under
this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy
of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment
or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise
thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute
a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required
under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar
or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action
in any circumstances without such notice or demand.


 






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6.12. Survival
of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in any
other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof
and any investigations made by or on behalf of the parties.


 


6.13. No
Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial
consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to
create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any claim or
demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been
employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such claim.


  


6.14. Headings
and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only
and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.


 


6.15. Counterparts.
This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being
understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile
transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation
of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.


 


7. Voting
and Tender of Shares. The Subscriber agrees to vote the Ordinary Shares as well as any ordinary shares acquired in the IPO
or the aftermarket in favor of a business combination that the Company negotiates and presents for approval to the Company’s
shareholders and shall not seek redemption with respect to the Ordinary Shares. Additionally, the Subscriber agrees not to tender
any Share in connection with a tender offer presented to the Company’s shareholders in connection with an initial business
combination negotiated by the Company.


 


8. Indemnification.
Each party shall indemnify the other against any loss, cost or damages (including reasonable attorney’s fees and expenses)
incurred as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement.


 


[SIGNATURE PAGE FOLLOWS]


 




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If the foregoing accurately
sets forth our understanding and agreement, please sign the enclosed copy of this agreement and return it to us.


 


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


 


Accepted and agreed this


June 08, 2020


 


KISMET SPONSOR LIMITED


 


	By:	/s/ Natalia Markelova	 
	 	Name:  Natalia Markelova	 
	 	Title: Director	 


 


[Signature Page to Securities Purchase
Agreement]