Document:

Exhibit
10.5

 

***
Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit because such information is both (i) non-material and
(ii) would be competitively harmful if publicly disclosed.***

 

Service
Agreement No. 1429999/4

 

	City of Moscow	27 July 2017

 

HeadHunter
Limited Liability Company, hereinafter referred to as the "Contractor", represented by M.A. Zhukov, its General
Director, acting on the basis of the Charter, on the one hand, iRealtor Limited Liability Company, hereinafter referred to as
the "Client", represented by M.A. Melnikov, its General Director, acting on the basis of the Charter, on the other hand,
jointly referred to as the "Parties", have entered into this agreement (the "Agreement") on the following matters:

 

1. BASIC
DEFINITIONS USED IN THE AGREEMENT

 

1.1.      For
the purposes of this Agreement, the Parties shall use the following definitions:

 

1.2.      Website
means an information resource on the Internet at which the Contractor has the right to place AIMs and which is a set of interconnected
webpages united on a thematic basis and intended for publication of information on the Internet.

 

1.3.      Webpage
means an independent component of the website, a separate document on the Internet created in HTML language identified by a unique
address (URL) and containing information (text, graphics, audio and video files).

 

1.4.      Advertising
and Information Module (AIM) means information on the Client's immovable properties placed by the Contractor on the vacancy map in
the Client's vacancy description on the Website at https://hh.ru and containing a transition code (hypertext link) to the Client's website.
Information on the immovable properties shall be transferred via the Client's API system. The types (formats) of AIMs placed by the Contractor
for the performance of this Agreement shall be determined by the Contractor independently.

 

1.5.      Advertising
and Information Module Layout means a sample of the Client's advertising and information module ready for posting on the Internet.

 

1.6.      Click
means the performance by an Internet user of the action of navigating to the Client's website from the Contractor's website. The
fact of the user's Click is determined by using the Contractor's internal statistics system (banner system). The notion of "Click"
may be clarified by the Parties in the Side Letters to this Agreement.

 

1.7.      Click
Execution Parameters means the conditions and procedure for determining the actions of users on the Client's website as Clicks.

 

Other
terms not defined in this clause shall be interpreted in accordance with market practice and the applicable laws of the Russian Federation.

 

 

2. SUBJECT MATTER OF THE AGREEMENT

 

2.1.      Based
on the Side Letters to be signed by the Parties, the Contractor undertakes, within the time limits, under the procedure and on the terms
and conditions determined by this Agreement and the Side Letters, to provide services to the Client to attract attention to the Client
and to promote Clicks by Internet users by placing information on the Client's immovable properties and displaying them on the map in
the vacancy description at https://hh.ru.

 

2.2.      The parameters of the Clicks, the scope and time limits of provision of the services and other material terms and conditions shall be
agreed by the Parties in the Side Letters to this Agreement.

 

2.3.      The Parties have agreed that the accounting of the services under this Agreement, including the accounting of the number of Clicks made
by Internet users and statistical processing, shall be performed by the Contractor in its internal banner system: https://adv.hh.ru.
The Contractor may provide access to the internal system to the Client upon the Client's request.

 

3. RIGHTS
AND OBLIGATIONS OF THE PARTIES

3.1.     The
Contractor undertakes:

 

3.1.1.
Based on and in accordance with a Side Letter, to ensure placement of the Client's AIMs on the map in the vacancy description of the
Client on the Website at https://hh.ru in the amount determined by the Contractor at its discretion;

 

3.1.2.
Not to place the Client's AIMs on the webpages containing materials that violate generally accepted standards of decency (erotic and
pornographic materials) or call citizens to violence, aggression or actions which violate the law. If the Contractor or the Client discovers
a violation of this condition by the administrator (owner) of a website on which the Client's AIMs are posted, the Contractor shall immediately
remove the Client's AIMs from such website.

 

3.1.3.
To inform the Client of the non-compliance of the provided advertising materials with the requirements of the laws of the Russian Federation
and the established technical requirements of the information resources (websites).

 

3.1.4.
The Contractor shall independently determine the necessity of drawing attention of Internet users and shall draw their attention to the
Client's AIMs to provide this Service, and shall be entitled to use both the website http://www.hh.ru and third-party sites for this
purpose, without coordinating with the Client.

 

     

     

    

 

***
Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit because such information is both (i) non-material and
(ii) would be competitively harmful if publicly disclosed.***

 

3.2.     The
Contractor shall have the right to:

 

3.2.1.   Refuse to place the AIMs if the activity advertised by the AIMs to be placed is contrary to the laws of the Russian Federation, including
if it contains any signs of improper advertising and/or clearly does not comply with generally accepted moral and ethical standards;
if it harms other visitors to the Website, violates their rights; if the colour scheme and/or design of the AIMs is inconsistent with
the Website design; if the AIMs advertise services similar to the services provided by the Contractor.

 

3.2.2.   Edit the materials provided by the Client without distorting the meaning and content of the materials if they do not comply with the
norms of the Russian language, with the prior approval and notification of the Client about such editing.

 

3.2.3.   Engage third parties to provide services (perform works) under this Agreement, including advertising distributors, while remaining responsible
to the Client for the actions of such third parties, including for the non-performance or improper performance of their duties related
to the execution of this Agreement.

 

3.2.4.   The Contractor shall be entitled not to place AIMs if the AIMs do not meet the requirements specified in this Agreement. The Contractor
shall notify the Client of the refusal to place AIMs within three days and offer to replace the rejected AIMs or to bring them into compliance
with the requirements.

 

3.2.5.   If the materials of the Client to be included in the AIMs contain advertising of information products subject to classification in accordance
with the requirements of Federal Law No. 436-FZ dated 29 December 2010 "On Protection of Children from Information Harmful to Their
Health and Development", the Client shall independently determine the category of such information products. If appropriate labelling
is missing, the Contractor shall not place such advertising material until the Client provides the appropriate labelling, and in this
case the Contractor shall not be liable to the Client for such non-placement.

 

3.2.6.   If the materials are produced by the Contractor on the instructions of the Client, the Client shall determine and inform the Contractor
in an email of the category of the information products advertised in an advertising material based on the requirements of Federal Law
No. 436-FZ dated 29 December 2010 "On Protection of Children from Information Harmful to Their Health and Development", and
the Contractor shall indicate (include) the category of such information products in an advertising material and/or a banner.

 

3.2.7.   If any demands, claims and/or lawsuits are brought against the Contractor by third parties due to the lack of and/or incorrect classification
of the information products contained in the advertising materials, the Client shall independently resolve such demands, claims and/or
lawsuits and compensate all losses of the Contractor arising from them at its own expense.

 

3.2.8.   If the Contractor is held liable for a violation of the Law on Protection of Children from Information Harmful to Their Health and Development
and/or the Law on Advertising due to the lack of and/or incorrect classification of the information products contained in the advertising
materials (banners), the Client shall compensate the Contractor all the possible costs incurred (or to be incurred in future), including,
but not limited to, fines, court costs, etc.

 

3.3. The Client undertakes:

 

3.3.1.   To appoint a responsible authorised representative to resolve the day-to-day issues related to the provision of the services under this
Agreement;

 

3.3.2.   To pay for the Contractor's services on time and in full in accordance with this Agreement;

 

3.3.3.   To provide the Contractor with all the information and materials required to execute this Agreement on time in compliance with the applicable
laws of the Russian Federation.

 

3.3.4.   To immediately inform the Contractor of all changes related to the previously provided materials and information.

 

     

     

    

 

***
Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit because such information is both (i) non-material and
(ii) would be competitively harmful if publicly disclosed.***

 

4. COST
OF SERVICES AND PAYMENT PROCEDURE

 

4.1. The
tariffs for the services provided by the Contractor in accordance with this Agreement shall be determined by the Parties in the Side
Letters to this Agreement depending on the parameters chosen by the Client and the conditions for making Clicks. The total cost of the
Contractor's services for the reporting period shall be fixed in the Services Acceptance Certificate.

 

Note: A reporting period
under this Agreement shall be one (1) calendar month.

 

4.2.
The Client shall pay for the services provided by the Contractor within ten (10) banking days after issuing the relevant payment
invoice and the execution of the Services Acceptance Certificate by the Contractor.

 

4.3.
The services provided by the Contractor shall be paid by wire transfer of the funds to the Contractor's settlement account. The
payment shall be deemed to have been made on the date of receipt of the funds on the Contractor's settlement account.

 

4.4.
The Client shall indicate the number of the Contractor's invoice on the basis of which the payment is made in the payment order. If the
number of the Contractor's invoice is completely or partially missing from the payment order, the Contractor shall have the right to
consider that the payment obligation of the Client has not been properly performed (i.e., that the payment has not been made), or to
independently identify and account for the payment using its accounting data. If a payment is made on behalf of the Client by a third
party authorised by the Client, the Client shall ensure that such authorised person states the name of the Client and that the payment
is being made for the Client in the purpose of payment line in the payment order, that such authorised person has all necessary powers
to make the payment, and that the authorised person provides full and accurate information about himself and the Client.

 

4.5.
The Services Acceptance Certificates shall be issued by the Contractor on a monthly basis, on the last day of the reporting month,
or on the date of completion of the Services, simultaneously with the VAT invoices. A Service Acceptance Certificate shall be signed
by the Client within five (5) business days from the date of its delivery. If the Services Acceptance Certificate is not contested
by the Client within five (5) business days from the date of its delivery, it shall be deemed to have been signed by the Client, and
the Services under such Certificate shall be deemed to have been accepted by the Client.

 

5. LIABILITY
OF THE PARTIES

 

5.1.
The Parties shall be liable for the non-performance or improper performance of their obligations under this Agreement in the manner prescribed
by Russian law. The Parties have established that, in case of a breach of their obligations under this Agreement resulting in a loss
to one of the Parties, only the actual damage shall be reimbursed.

 

5.2.   In
connection with the use of computer and other equipment, communication channels and/or computer programmes owned by third parties, the
Parties agree that the Contractor shall not be liable hereunder for any delays, interruptions, direct and indirect damages or losses
occurring due to defects in any electronic or mechanical equipment and/or computer programmes, or due to any other objective technological
reasons, as well as due to the actions or omissions of third parties, data transmission or connection problems or power failures not
attributable to the Contractor.

 

5.3.  The Client shall be fully responsible for the compliance of the information it provides for posting with the laws of the Russian Federation.
The Client guarantees to the Contractor that it does not perform or promote any activities prohibited by law.

 

5.4.  The Contractor's liability under this Agreement shall be limited to the cost of its services in the reporting period in which the breach
of contractual obligations by the Contractor that caused damage to the Client is acknowledged. Only the actual damage shall be reimbursed.
However, the Client has been notified and agrees that the Contractor cannot guarantee the Clicks in the volume required by the Client,
as it directly depends on the actions of Internet users.

 

5.5.  Violation by the Client of the payment conditions and time limits stipulated by this Agreement shall entitle the Contractor to suspend
the provision of the Services to the Client until the Client performs its payment obligations and to demand the payment of a penalty
by the Client at the rate of 1% of the unpaid services by notifying the Client by email.

 

6. FORCE
MAJEURE

 

6.1.
In case of the occurrence of force majeure circumstances that prevent the performance of the Parties’ mutual obligations under
this Agreement, including natural disasters, strikes, governmental restrictions, serious power failures, damage to the server where the
advertising and information modules are stored or other circumstances beyond control of the Parties, the performance of this Agreement
shall be postponed for the duration of such circumstances.

 

6.2. If such circumstances persist for more than two months, each Party shall have the right to refuse further performance of its obligations
under this Agreement. In this case, the Agreement shall be deemed terminated and neither Party shall be entitled to claim damages from
the other Party.

 

6.3.  A Party that is unable to perform its contractual obligations due to the occurrence of force majeure circumstances shall immediately
notify the other Party of their occurrence and termination. Failure to notify of these circumstances shall deprive the Party of the right
to refer to them in the event of a breach of its obligations under this Agreement.

 

     

     

    

 

***
Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit because such information is both (i) non-material and
(ii) would be competitively harmful if publicly disclosed.***

 

7. TERMS
AND CONDITIONS OF CONFIDENTIALITY

 

7.1.    
Any information about the other Party's business activities, new solutions and technical knowledge received by a Party in the course
of performance of this Agreement shall be confidential and shall not be disclosed to third parties without the written consent of the
other Party.

 

7.2.    
Each of the Parties undertakes not to disclose (make available to any third party, except where third parties are expressly authorised
to this information by law) the confidential information of the other Party to which it has gained access upon conclusion and during
the performance of its obligations arising out of this Agreement. This obligation shall be performed by the Parties within the validity
period of this Agreement and for one year after its termination, unless otherwise agreed.

 

8. DISPUTE
RESOLUTION PROCEDURE

 

		8.1.	If
                                            a dispute arises in connection with the performance of this Agreement, the Parties shall
                                            apply the pre-trial procedure for settling the dispute. The term for replying to the claim
                                            shall be 10 business days from the date of its receipt.

 

		8.2.	If
                                            the dispute cannot be resolved through negotiations, it will be referred by the Parties to
                                            the Commercial Court of the City of Moscow.

 

10. TERM
OF THE AGREEMENT AND OTHER TERMS AND CONDITIONS

 

10.1 This Agreement
shall come into force after its signing by the Parties.

 

10.2.
This Agreement is concluded for an indefinite term and may be terminated by either Party at any time with notice to the other Party in
writing 10 (ten) calendar days prior to the intended date of termination. In case of the termination of this Agreement by any of the
Parties, the Contractor shall return the monetary funds paid by the Client to the Contractor under this Agreement less the cost of the
Services actually provided as of the date of termination of this Agreement. If this Agreement is terminated by the Client, the Client
shall specify in the notice of termination of this Agreement the payment details to be used by the Contractor to make a refund, if at
the time of termination of this Agreement the Contractor will be required to make such a refund.

 

10.3.
A notice of termination of this Agreement may be sent: (a) by either Party by post with return receipt requested; (b) by either Party
by courier; (c) by the Contractor to the Client's email, if the Contractor has no information about the Client's location. In this case,
the Contractor shall be entitled to send a scanned version of such notice signed and sealed by the Contractor's authorised person to
the Client's email address specified upon registration, and the Client shall be deemed to have been duly notified.

 

10.4.
This Agreement is made in two counterparts, one for each Party. Both counterparts are identical and have equal legal force.

 

10.3.
The Parties shall notify each other of the fact of accession, reorganisation, liquidation, transfer of rights and obligations to the
other party, a change of their details, including a change of the legal form, registration data as a taxpayer (name, Taxpayer Identification
Number (INN), Tax Registration Reason Code (KPP)), address and bank details, within 5 (five) business days from the date of change of
the relevant data. The notice shall be made in writing, signed by an authorised person of the Party, affixed with the Party’s seal
and sent to the other Party by any available means which allows the fact of receipt of such notice by the other Party to be recorded.
In the event of the failure to notify or the undue notification of the other Party in accordance with the terms and conditions of this
clause, the defaulting Party shall bear the risk of the consequences caused by such failure to notify or undue notification, and if the
other Party suffers losses as a result of such failure to notify or undue notification, the defaulting Party shall be liable to compensate
the other Party for such losses.

 

     

     

    

 

***
Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit because such information is both (i) non-material and
(ii) would be competitively harmful if publicly disclosed.***

 

11. ADDRESSES
AND BANK DETAILS OF THE PARTIES

 

	Contractor: 

     

    HeadHunter LLC

    Registered office: 129085, Moscow, ul. Godovikova,
    d.9, str. 10

    Main State Registration Number (OGRN) 7718620740

    Taxpayer Identification Number (INN) 77186220740

    Tax Registration Reason Code (KPP) 771701001

    Settlement account [***]

    Bank [***]

    BIC [***]

    Correspondent account [***]

     

     

    General Director

    

    

     
	 	Client: 

     

    iRealtor LLC

    Registered office: 107023, Moscow, ul. Elektrozavodskaya,
    d. 27 str.1

    Main State Registration Number (OGRN) 1137746481190

    Taxpayer Identification Number (INN) 7718935772

    Tax Registration Reason Code (KPP) 771801001

    Settlement account [***]

    Bank [***]

    BIC [***]

    Correspondent account [***]

     

     

    General Director

     

    

	  /s/ M.A. Zhukov	 	   /s/ M.A. Melnikov
	Seal	 	Seal

 

     

     

    

 

*** Certain confidential portions (indicated
by brackets and asterisks) have been omitted from this exhibit because such information is both (i) non-material and (ii) would
be competitively harmful if publicly disclosed.***

 

Side Letter No. 1

to Agreement No. 1429999/4 dated 27 July
2017

 

	City of Moscow	27 July 2017

 

HeadHunter Limited Liability Company, hereinafter
referred to as the "Contractor", represented by M.A. Zhukov, its General Director, acting on the basis of the Charter, on the
one hand, and iRealtor Limited Liability Company, hereinafter referred to as the "Client", represented by M.A. Melnikov, its
General Director, acting on the basis of the Charter, on the other hand, jointly referred to as the "Parties", have concluded
this Side Letter No. 1 to Agreement No. 1429999/4 dated 27 July 2017 (the "Agreement") on the following matters:

 

User means an Internet user who makes
a Click on the Website.

 

Click means the performance by an Internet
user of the action of navigating to the Client's webpage from the immovable properties displayed on the map in the Client's vacancy descriptions.

 

Quality Click means a User's Click that
results in navigation to the Client's webpage from the immovable properties displayed on the map in the Client's vacancy descriptions.
The volume of the services provided shall be accounted for by Clicks.

 

		1.	Parameters of Service Provision

 

	#	Click	Service
    start date	Cost
    of one Click, including 18% VAT
	1	performance
    by an Internet user of the action at https://hh.ru to navigate to the Client's webpage from the immovable properties displayed on
    the map in the Client's vacancy descriptions	 

    ______________
	 

    RUB [***]

     

     

 

		2.	The number of Clicks shall be counted
                                            in the Contractor's banner system at https://adv.hh.ru/.

 

		3.	The Contractor shall send a monthly
                                            free-form report to the Client by email on the 1st day of the month following the placement
                                            with screenshots from the Contractor's banner system attached.

 

		4.	The final cost of the services under
                                            this Side Letter shall be determined based on the Contractor's statistics reflected in the
                                            Report, which shall represent confirmation of the services provided in the reporting month
                                            and shall be approved by both Parties in writing in the Services Acceptance Certificate in
                                            accordance with the terms and conditions of the Agreement.

 

		5.	The cost of the Contractor's services
                                            provided in the reporting period (calendar month) shall be determined in accordance with
                                            the following formula: the number of Clicks made by Users in the reporting period multiplied
                                            by the cost of one Click, according to the Parameters of Service Provision (clause 1 of this
                                            Side Letter).

 

		6.	This Side Letter is made in 2 (two)
                                            counterparts having equal legal force, one for each Party, and shall be an integral part
                                            of the Agreement.

 

	Contractor: 

    General Director

     

     

       /s/ M.A. Zhukov 

    Seal

     
	Client: 

    General Director

     

     

       /s/ M.A. Melnikov 

    SealExhibit 10.6

 

Services Agreement No. 1429999/2

 

	October 7, 2014 	City of Moscow

 

HeadHunter
Limited Liability Company, hereinafter the “Contractor”, represented by Mr. Mikhail Alexandrovich Zhukov, its Managing
Director, acting on the basis of Power of Attorney dated July 12, 2012, hereby offers any legal entity, any individual acting as
unincorporated entrepreneur, or any individual employer, hereinafter the “Customer”, its services in accordance with the
list and the prices thereof as published on the website: http://www.hh.ru, with the manner of their provision and the payment
procedure as set forth in this offer agreement (hereinafter, the “Agreement”).

 

In accordance with Art. 438 of
the Civil Code of the Russian Federation (Russian Civil Code), the unconditional acceptance of the terms hereof shall be in form of a
payment made by the Customer towards the Services, and the receipt of the relevant financial instrument evidencing such payment by the
Contractor.

 

1.                Subject
of the Agreement

 

1.1.            The
Contractor undertakes to provide to the Customer information, consultancy, advertising and other services as specified in the Contractor’s
Tariffs and its Terms of Services (hereinafter, the “Services”), and the Customer undertakes to pay for the Services. The
name, the content, the price, and the availability time of specific Services shall be determined by the Parties in Purchase Orders and /
or upon their Activation on the Website. The Services may be made available through information systems run on the Contractor’s
web domain http://www.hh.ru, and other Contractor’s web domains (hereinafter, “Websites”).

 

2.                General
Terms and Procedure of the Services

 

2.1.            In
order to receive the Services hereunder the Customer must first get registered on the Website. Following the registration, the Customer
shall deliver to the Contractor its login and password to access the Website and receive the Services (hereinafter, the “Profile”)
by e-mail. The Customer may create and delete Profiles for its employees, however the Customer shall be held liable for the actions of
such employees, as if these were its own.

 

2.2.            In
order to receive specific Services, the Parties shall approve their names, contents, prices and availability time in a Purchase Order
(Option 1), or the Customer may, subject to the existing functionality, independently Activate the required Services on the Website,
which shall mean the approval by the Parties of the name, the contents, the price, and the availability time of the Services (Option 2).
Upon the Customer’s request, the Purchase Order may be executed in writing, with both Parties signing the form of the same, whereupon
such Purchase Order shall become an integral part hereof. Any Purchase Order executed electronically through the Website shall be deemed
approved by the Parties upon the Activation by the Customer of all or part of the Services comprising such Purchase Order (however, the
Activation of only part of the Services comprising such Purchase Order shall mean the approval of the Purchase Order to the extent of
the Activated Services only), and any Purchase Order executed by the Parties in writing shall be deemed approved by the Parties after
it has been signed by both of them.

 

     

     

    

 

2.3.            In
order to start using the Website, the Customer shall enter its Profile data (type in its login and password on the authorization page).
Before any Services approved by the Parties are provided on the Website, the Customer must Activate them. If the amount standing to the
credit of the Customer’s User Account on the Website is more or equal to the aggregate price of the Services selected for the Activation,
the Customer may Activate such Services. If the amount standing to the credit of the Customer’s User Account on the Website is less
than the aggregate price of the Services selected, the Customer may select other services or pay the required amount into its User Account
on the Website. The Terms of Services may provide for other methods of Activation for a particular Service. Any Services provided other
than through the Website, may be Activated only subject to the existing functionality.

 

2.4.            The
procedure and the availability time of such types of Services shall be determined in a Purchase Order and / or in the Terms of Services.
The Parties shall confirm the provision of the Services by executing a Service Completion Certificate. Certificates shall be issued by
the Contractor in the manner set forth in the Terms of Services for this particular Service, together with VAT-invoices. A Service Completion
Certificate shall be signed by the Customer within five (5) business days upon its delivery. If no objections have been raised by
the Customer against a Service Completion Certificate within five (5) business days upon its delivery, it shall be deemed signed
by the Customer, and the Services thereunder shall be deemed accepted. The date of delivery for the purpose of this Agreement shall be
the date the communication has been delivered by hand to the addressee against a receipt (in case of a courier delivery), or the date
the communication sent by registered mail has been delivered by the postal service to the addressee, or the date the communication sent
by registered mail has been stamped by the postal service to mark the addressee’s absence at (departure from) the specified address
(in case of a postal registered delivery).

 

2.5.            Upon
the Customer’s registration on the Website, or subsequently, the Customer may at its own choice, or by virtue of the information
provided with respect to it in accordance with clause 4.1(c) hereof, or the information obtained by the Contractor independently,
including from public / generally available sources, be assigned a particular Registration Type determined in accordance with the
Terms of Services. Depending on the Registration Type, certain restrictions may apply to the Customer as regards to the terms of the Services
provided by the Contractor, to be determined in accordance with the Terms of Services. The Customer’s Registration Type is specified
on its dedicated and secured pages of the Website.

 

3.                Rights
and Obligations of the Contractor

 

3.1.            The
Contractor undertakes: (a) to register the Customer on the Website and make its Profile available to it; (b) provide to the
Customer the services approved in the manner specified in clause 2.2 hereof, in accordance with the Tariffs, the terms hereof, and
the Terms of Services with respect to the relevant Services; (c) if the Customer files a claim stating that the Service has not been
provided because the Website has been inoperative (in case of the Services provided through the Website) for more than four (4) hours
during any business day from 9 am to 7 pm Customer’s local time, the Contractor undertakes to increase the availability
period of the Service by 24 hours.

 

     

     

    

 

3.2.            The
Contractor may: (a) publish information on the Customer provided by it in accordance with clause 4.1(c) hereof, on its
Websites; (b) deny any Services to the Customer, or suspend them, should the Customer fail to provide its information to the Contractor
in accordance with clause 4.1(c) hereof; (c) unilaterally and in its discretion amend the Tariffs, the Terms of Services,
the Website Terms of Use, having notified the Customer thereof by posting the relevant information on the Website, and publishing the
new version of the document, or by sending the same to the Customer by e-mail fourteen (14) calendar days before the effective date
of the amendments. In case of the amendments made to the Tariffs and / or the Terms of Services, the Services approved by the Parties
before the effective date of such amendments shall be provided pursuant to the Tariffs and the Terms of Services in effect as of the approval
date of such Services, which shall be determined in accordance with clause 2.2 hereof; (d) suspend the operation of the Websites
for a scheduled maintenance, preferably during the night-time or on weekends to the extent practicable; (e) refund the balance on
the Customer’s User Account without first notifying the Customer, if the Customer has not received any of the Contractor’s
services for the last six (6) months through its own election; (f) monitor the way the Customer uses the Websites during the
validity term hereof; (g) determine the Customer’s Registration Type in accordance with the terms and in the manner as specified
in the Terms of Services; (h) the Contractor may in case of Option 1 used to approve the scope of the Services pursuant to clause 2.2
hereof, define and change in its own discretion the manner of payment for its Services, including set forth herein, which shall be reflected
in the Purchase Order as agreed with the Customer; (i) if the Agreement is terminated, or the Services are suspended, the Contractor
may at any time without notifying the Customer or obtaining its approval, delete the Customer’s registration (including pages containing
the description of the Customer’s company) from the Website, including the Customer’s Profile.

 

3.3.            In
case of doubts as to the validity of the way the Customer’s employees have been using the Website, the Contractor may at any time
at its discretion and without notice delete, block, or enforce any changes in such employees’ Profiles.

 

3.4.            Upon
becoming aware of the third parties’ using the Profile of any of the Customer’s employees, the Contractor may at any time
at its discretion and without notice delete, block, or enforce any changes in employees’ Profiles.

 

4.                Rights
and Obligations of the Customer

 

4.1.            The
Customer shall: (a) not pass its Profile to anyone; (b) not use third parties’ Profiles; (c) unless otherwise provided
in the Terms of Services, upon registration on the Website and before the commencement of the Services, furnish to the Contractor the
following information: the name of the Customer’s company, the period of the Customer’s operation in the market, and a brief
description of such operations (the Customer may not publish any offers of employment and advertising as part of such information); (d) comply
with the Website Terms of Use when using any Website; (e) resolve any issues connected with the use of intellectual property rights,
including rights to means of identification of legal entities, goods, services that comprise any materials delivered to the Contractor
for publication, and / or published by the Customer itself, internally and for its own account; f) resolve any third party demands,
claims and / or suits, including by rightholders, against the Contractor internally, and indemnify any losses that the Contractor
may incur in connection therewith.

 

4.2.            The
Customer must upon the Contractor’s request change its passwords, otherwise the Contractor may enforce such changes itself.

 

4.3.            The
Customer shall three (3) days before the termination of any of its employees’ authorities to use the Contractor’s Website
(the Website’s services), duly notify the Contractor thereof and delete the entire Profile of such employee, otherwise the Customer
will lose the ability to assert its lack of liability (as well as lack of fault) for the actions of its employees citing their lapsed
authority (termination of any legal relationship between the Customer and the employee).

 

     

     

    

 

4.4.            Should
the Customer violate any of the terms set forth in clauses 4.1, 4.3, 8.1 hereof, or the Website Terms of Use, the Contractor shall
deliver to the Customer a notice specifying the violations, and may on the day of such notice suspend the Customer’s use of the
Services until such violations are cured, or the Contractor may, in its own discretion, repudiate the Agreement without invoking court
proceedings, (terminate the Agreement), disable the Customer’s Profile, charge a fine from the Customer for the value of the remaining
Activated Services, and refund the balance of the Customer’s User Account as at the termination date hereof (moreover, the Agreement
shall be deemed terminated the day following the date of the relevant notice). If such violations have caused any damage to third parties,
the liability for such damage shall be borne solely by the Customer.

 

4.5.            The
Customer may pay an advance into its User Account for any amount towards any of the Services hereunder.

 

4.6.            Upon
creating a Profile, the Customer shall indicate the real and full names, titles, and e-mails (the prefix of which shall clearly indicate
to the Contractor that the Customer is entitled to use such address) of its employees, otherwise the Contractor may deny the creation
of the Profile, or block, or delete the same at any time.

 

5.                Price
and Payment Procedure

 

5.1.            The
price of the Services shall be determined on the basis of the Contractor’s Tariffs. The obligation to pay for the Contractor’s
Services shall be deemed discharged after its operating account has been credited with the money. The Services shall be paid for on the
basis of the Contractor’s invoice issued for a 100% advance which shall be remitted to the Contractor’s operating account
and thereafter transferred by the Contractor to the Customer’s User Account within one (1) business day after the Contractor’s
account has been credited with the money. The price of the Services provided to the Customer shall be specified in the relevant Service
Completion Certificates. The Contractor shall keep a record of cash flows and settlements between the Parties (hereinafter, the “User
Account”), and make the information on the User Account available to the Customer on the Website.

 

5.2.            If
the Customer is an individual, for the purpose of discharging his / her payment obligations hereunder, in addition to the method
specified in clause 5.1 hereof, the Customer may use credit / debit card Visa, Visa Electron, EuroCard/MasterCard, Diners Club,
JCB, STВ, and other cards, or methods specified on the Website, to pay for the Services. The Customer may in its own discretion choose
and employ any method of payment for Services, without imposing any liability on the Contractor. Security, confidentiality, as well as
other terms underlying the payment methods selected by the Customer are beyond this Agreement and shall be regulated by the arrangements
(agreements) between the Customer and the relevant entities.

 

5.3.            The
Customer shall reference the Contractor’s invoice number underlying the payment in its payment orders. Should the Contractor’s
invoice number be fully or partially absent from the payment order, the Contractor may deem that that the Customer has not duly discharged
its payment obligation (i.e. the payment has not been made), or identify the payment independently and book it in its records. If any
payment is made on behalf of the Customer by any third party authorized by it, the Customer undertakes to ensure that such authorized
person shall specify in the details of the payment order that it has made the same on behalf of the Customer, and indicate the Customer’s
name, that it holds the required authority to make the payment, and shall specify full and true information with respect to itself and
the Customer.

 

     

     

    

 

6.                Contractor’s
Limited Warranty

 

6.1.            The
Contractor shall not warrant, that: (a) the Websites’ software is free from bugs and/or computer viruses, or foreign code fragments.
The Contractor gives the Customer an opportunity to use the Websites’ software “as is”, without any warranties from
the part of the Contractor; (b) the information provided by the Contractor on individual candidates for employment is true and complete,
or the candidate in question is suitable to be employed at the vacancy offered by the Customer or the entities serviced by the Customer
on the basis of the agreements entered into with them (hereinafter, the Customer’s Clients). The Contractor shall not be held liable
for any losses suffered by the Customer as a result of false information supplied by the candidate, or any actions (omissions) from the
part of the candidate.

 

6.2.            The
Contractor shall not be held liable for failure to perform or properly perform its obligations hereunder, as well as for any possible
damage arising as a result of: (a) any wrongdoings from the part of Internet users seeking to breach the information security or
due operation of the Websites; (b) Websites’ failed operation caused by code errors, computer viruses and other foreign code
fragments in the Websites’ software; (c) absent (failed, terminated) Internet connection between the Customer’s server
and the Website’s server; (d) any actions made by government and municipal authorities, as well as other entities, as part
of the efforts required by the LESS (Law Enforcement Support System); (e) regulatory actions taken by the government (or other bodies)
with respect to online operations of commercial entities, and / or one-off restrictions established by the said bodies that render
the performance hereunder difficult or impossible; (f) other situations connected with the actions (omissions) of Internet users
and / or other actors seeking to worsen the overall situation with the Internet usage and/or computer equipment that existed at the
time the Agreement was entered into.

 

6.3.            Due
to technical features of the Website, the Contractor undertakes to make the Website(s) fully available only to one of the Contractor’s
employees.

 

7.                Information
Confidentiality

 

7.1.            The
parties deem the Customer’s Profile and its Personal Data specified in Section 8 hereof to constitute Confidential Information.
The Customer and the Contractor undertake not to pass Confidential Information to third parties.

 

7.2.            Each
Party undertakes to inform the other Party of any cases of unauthorized disclosure of the Customer’s Profile. Should the Contractor
have any suspicions of a possible disclosure of the Customer’s Profile, it may request that the Customer provide the identity of
the persons to whom it has made the Profile available. If the grounds for such Customer’s persons to use the Website have lapsed
due to the expiration of a power of attorney, or termination of the employment, or for other reasons, the Contractor may delete such persons’
Profiles without seeking the approval from the Customer. After the fact of the Profile’s disclosure has been established, the Contractor
may unilaterally with subsequent notification of the Customer, change the Customer’s Profile to prevent its further unauthorized
distribution or use.

 

7.3.            Should
the Contractor establish that the Customer has disclosed the Profile, the Contractor may (but is not obliged) to demand a penalty from
the Customer for the value of the Services received by the third party(parties), who have availed of the Customer’s Profile. Such
penalty shall be paid by the Customer within five (5) banking days after the relevant Contractor’s invoice has been issued.
The Contractor shall not be held liable for any losses suffered by the Customer as a result of the disclosure of the Customer’s
Confidential Information having occurred other than through the Contractor’s fault.

 

     

     

    

 

8.                Personal
Data Protection

 

8.1.            If
the Customer receives Personal Data of any individuals from the Contractor in accordance hereunder, the Customer undertakes to use such
Personal Data strictly in compliance with Federal Law No. 152-FZ dated July 27, 2006, On Personal Data, including: (a) use
the Personal Data only with the view to employing the individuals, whose Personal Data have been obtained by the Customer, from the Customer,
or from the Customer’s Clients; (b) not to pass Personal Data to third parties, to the exception of the Customer’s Clients;
(c) not to disclose the fact that the Personal Data of any individual has been placed on the Contractor’s Website(s), and that
this has been obtained by the Customer from the Contractor, (d) on keeping the copies of the Personal Data received on paper or electronically,
observe the provisions of Federal Law No. 152-FZ dated July 27, 2006, On Personal Data, assuming all the obligations
of the Operator for the purposes thereof; (e) not to offer to the individuals, whose Personal Data has been placed on the Contractor’s
Website(s), to place the same on the Customer’s or other third parties’ websites or their databases; (f) the liability
for any damage caused to individuals as a result of the Customer’s failure to comply with Federal Law No. 152-FZ dated July 27,
2006, On Personal Data with respect to their Personal Data, shall be borne solely by the Customer.

 

9.                Force
Majeure

 

9.1.            Neither
Party shall be liable for failure to perform or fully perform any of its obligations, if such failure has been brought about by such circumstances,
as a flood, a fire, an earthquake, other natural disasters, a war or military actions, and other force majeure events arising after the
conclusion of this Agreement. If any force majeure event continues for more than three (3) months, any Party may unilaterally repudiate
this Agreement (terminate the same).

 

10.              Dispute
Resolution

 

10.1.          If
any dispute is unable to be resolved between the Parties through negotiations, it shall be resolved in the Moscow Commercial Court.

 

11.              Revoking
the Offer

 

11.1.          The
Contractor may revoke this offer within three (3) calendar days upon its acceptance, without any cause. This offer shall be revoked
by refunding the money paid by the Customer to the Contractor to evidence the acceptance hereof. No interest shall accrue or be paid over
the Customer’s money while it is being held by the Contractor.

 

11.2.            The
Agreement constitutes an offer in accordance with Art. 435 of the Russian Civil Code, and by virtue thereof the Contractor may revoke
the Agreement as an offer in accordance with Art. 436 of the Russian Civil Code. If the offer is revoked by the Contractor during
the validity term hereof, the Services which had been Activated before the offer was revoked shall continue to be provided until their
full completion, while the money remaining on the Customer’s User Account shall be refunded on the basis of the original letters
requesting such refund, and the Agreement shall be deemed terminated upon such revocation. The revocation shall be effected by placing
the relevant information on the Website.

 

12.              Agreement
Effectiveness and Validity Term

 

12.1.          The
Agreement shall become effective upon the acceptance of this offer.

 

12.2.          The
Agreement shall be concluded for an indefinite period of time and may be terminated by any Party at any time, with the notice of termination
to be sent to the other Party ten (10) calendar days before such termination. If the Agreement is terminated by the Customer,
the Contractor shall in accordance with Art. 782(1) of the Russian Civil Code refund the money to the Customer paid by it hereunder,
less the price of the Services actually provided as of the termination date hereof.

 

     

     

    

 

13.              Customer’s
Representations

 

13.1.          The
Customer has reviewed and has accepted: (a) the Terms of Services published online at: http://www.hh.ru/conditions; (b) the
Tariffs published online at: http://www.hh.ru/price-list; (c) the Website Terms of Use published online at: https://hh.ru/terms.

 

13.2.          The
Customer undertakes to regularly check the Website for any amendments made to the Terms of Services, the Tariffs, and the Website Terms
of Use; and the Customer may not cite its being unaware of any of such amendments.

 

13.3.          The
Customer agrees that it may not justify its failure to duly discharge its obligations hereunder, or assert its inability to receive the
Services from the Contractor, or forgo on the Contractor’s Services by citing lack of its agreement with the Terms of Use, the Tariffs,
or the Website Terms of Use due to the fact that these have not been executed in writing, signed and stamped by the Parties.

 

13.4.          The
Customer agrees and acknowledges that the conclusion of the Agreement by accepting the offer shall mean termination of any other agreements
previously concluded by the acceptance of the Contractor’s offer with respect to all obligations, except for the Contractor’s
obligation to provide the Services Activated by the Customer as of the time this offer has been accepted. The Services Activated by the
Customer under such agreements (offers) shall be provided until their full completion, and the money remaining on the Customer’s
User Account under such agreements shall be refunded on the basis of the original letters requesting such refund.

 

13.5.          The
Customer shall irrevocably agree and acknowledge that the fact of the provision by the Contractor of any of the Services, which are offered
through the Contractor’s Website(s), shall be fully and validly confirmed by the statistical data generated by the software installed
on the Contractor’s Website(s) evidencing the Customer’s receipt of such Services.

 

13.6.          The
Customer agrees to receive from the Contractor (at any time, and without notice) information about the events in the Contractor’s
company, the Website’s services, the services offered by the Contractor, as well as other information, including advertising, to
the e-mail address specified by the Customer upon its registration on the Website, and the e-mail addresses of its employees having Profiles
on the Website.

 

13.7.          The
Customer acknowledges that its giving a command (by clicking or pressing a key, entering information, etc.) through a special user
interface on the Website (the Customer’s page on the Website) under its Profile shall mean by implication its Activation, approval
of the name, the contents, the price and the availability time of the Services, or other actions associated with the Customer (all actions
conducted under the Customer’s Profile shall be the actions of the Customer, serving as the compelling evidence of the Customer’s
intention to perform such actions).

 

     

     

    

 

14.              Contractor’s
Details

 

HeadHunter Limited Liability Company 

Location: ul. Godovikova 9,
build. 10, Moscow 129085 

INN 7718620740 

KPP 771701001 

operating account: [***] 

with [***] 

corr. acc.   [***] 

BIK [***] 

OGRN 1067761906805 

ОКАТО 45263591000 

OKVED 74.50.2 74.40 74.84 74.14 92.40

 

Signed by the Contractor 

Under power of attorney

	Managing
                               Director	    /M. A. Zhukov/

Power of Attorney No. 16/085 

dated November 25, 2016 

Prepared by 

N. V. Dubovik

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