Document:

EX-10.4

 Exhibit 10.4 

[***] Certain information in this document has been excluded pursuant to Regulation S-K, Item 601(b)(10). Such excluded information is not material and would
likely cause competitive harm to the registrant if publicly disclosed. 
 This Service Agreement is made on 21 May 2019 (the “Effective
Date”) 
 Between: 
  

	(A)	 DHL International (UK) Limited (Company Number 1184988) whose registered office is at Orbital
Park, 178-188 Great South West Road, Hounslow, Middlesex TW4 6JS (“DHL”); and 

  

	(B)	 Globale U.K. Ltd. (Company Number 08632376) whose registered office is at 45 Leather Lane, London
EC1 N 7T J (“Global-e”) 

 (together the “Parties” and
individually a “Party”). 
 RECITALS 

WHEREAS, DHL provides carriage by means of a systemized and dedicated network for
“door-to-door” pick-up and delivery of both document and non-document
shipments, including customs clearance, overnight or by the end of the next possible day for delivery in the respective market (i.e., taking into account industry standard express transit times applicable to the respective origin and destination
countries) (the “DHL Services”); 
 WHEREAS, Global-e provides services to UK companies
wishing to sell goods to buyers in other countries, by - inter alia - simplifying the sales and export of the companies’ goods through the use of Global-e’s platform (the
“Global-e Platform”) which allows Global-e to buy and immediately sell and ship the customer’s goods to buyers around the world, collecting payment prior to shipping of all
monies due from buyer, including transport costs, duties and taxes; 
 WHEREAS, Global-e incorporates the DHL
Services into its service offering to its customers; 
 WHEREAS, the Parties’ business relationship in the UK is currently governed by an
agreement effective 8 March 2016 (the “UK Agreement”) and in relation to Marks and Spencer, by an agreement effective 22 March 2016 (the “M&S Agreement”). This
Agreement supersedes the UK Agreement but has no effect on the M&S Agreement; 
 WHEREAS, Global-e has
two categories of customers, depending on the service sold: the first being companies which have international annual sales of [***], who enrol to the Enterprise program requiring integration of their IT systems with the Global-e Platform and includes program management from Global-e (“Enterprise Customers”) and the second being companies with lower annual
international sales volumes of between [***] who enrol to the Pro program, which is a lighter IT and less customisable solution (and who generally have lower shipment volumes) (“Pro Customers”); Enterprise Customers or
Pro Customers will be generally referred to as “Customers”; 
 WHEREAS, this Agreement clarifies the rules to be
applied by the Parties in relation both to new and to existing customers of Global-e, except Marks and Spencer, under this Agreement; 

WHEREAS, this Agreement includes pricing which Global-e may incorporate into its service offering to its
customers. There are separate sets of prices for Enterprise Customers and for Pro Customers, based on expected volumes. This is the pricing which DHL will invoice Global-e in relation to each Customer, but
DHL has no visibility of, nor control of, the charges Global-e will make to a Customer based on such pricing; 

WHEREAS, the pricing for Enterprise Customers in this Agreement is the same as previously under the UK Agreement, but the pricing for Pro
Customers differs. DHL will apply the new pricing from the Effective Date. Global-e is free to make any adjustments to its pricing to the existing Pro Customers as it chooses; 

WHEREAS, this Agreement covers new Customers which Global-e identifies, but it also contemplates DHL
recommending Global-e’s services to DHL customers, having already agreed pricing with DHL, which may sign up as Pro Customers of Global-e but which will remain
customers of DHL in relation to the DHL Services, and which DHL will therefore invoice directly and DHL shall remain responsible and liable for customer support, claims for such DHL Services. (“Direct Pro Customers”).
No separate contract between DHL and Global-e to cover Direct Pro Customers is expected to be required; 

 WHEREAS, the Parties hereby acknowledge and agree that no other changes except those expressly set
out herein are made to the way the Parties have co-operated or should cooperate pursuant to the terms of the agreements in force prior to the date of this Agreement; 

WHEREAS, except for Direct Pro Customers, with respect to the DHL Services, DHL has no contract with any
Global-e customer and invoices all charges to its customer, Global-e. Furthermore, through its services, Global-e becomes owner
of the goods before the Shipments are tendered to DHL. DHL will therefore treat Global-e as its customer for all purposes, and will accept claims in relation to Shipments only from Global-e regardless of whether the Shipments are tendered by Global-e or collected from a Global-e customer. The person or company
tendering Shipments to DHL under this Agreement (Direct Pro customers are not included, as they do not fall under this Agreement) is defined as “Shipper”; 

WHEREAS, this Agreement relates only to arrangements where Global-e is the Shipper and nothing prevents
DHL from having its own contracts with any customer where such customer is acting as the shipper for that purpose and outside these arrangements. 

WHEREAS, unless otherwise agreed between the Parties, the Parties intend this arrangement to apply to any similar DHL service which Global-e may sell to its customers in the future which incorporates DHL Services. The Parties will cooperate to ensure that any such new DHL Services fall under this Agreement, in accordance with the principles set
out herein or principles of agreements in force prior to the date of this Agreement or at the then applicable time; and 
 WHEREAS, the Parties’
group companies intend to adopt in other countries the same business model as is set out in this Agreement. 
 NOW, THEREFORE, DHL and Global-e promise and agree as follows: 
 It is hereby agreed as follows: 

 

	1.	 ENTIRE AGREEMENT & CONFLICTING PROVISIONS 

 

	1.1.	 This Agreement is comprised of all the clauses contained herein, the Recitals above (which are agreed to have
legal effect), the Schedules attached hereto and DHL’s international terms and conditions of carriage as set out at www.dhl.co.uk (“Terms and Conditions”). 

 

	1.2.	 This Agreement contains the entire agreement of the Parties and supersedes all other oral or written agreements
with respect to the subject matter of this Agreement. Any oral or written representations made by one Party to the other and not contained in this Agreement hereto shall not have any contractual effect whatsoever. Amendments to this Agreement are
valid only when signed by duly authorised representatives of both Parties, save for any changes specified in clause 4.5. 

  

	1.3.	 In the event of a conflict the following order of precedence shall apply: (i) Schedule 1 and 2 (Services
& Charges); (ii) the clauses contained in this part of the Agreement and the Recitals; (iii) any other Schedules hereto, and (iv) the Terms and Conditions. 

 

	1.4.	 All capitalised terms in this Agreement shall have the meaning given to such terms in this Agreement or the
Terms and Conditions unless the context requires otherwise. 

  

	2.	 TERM & TERMINATION 

 

	2.1.	 This Agreement shall continue indefinitely until terminated by either Party in accordance with the provisions
of this Agreement. Without prejudice to either Party’s rights to terminate in accordance with the provisions of this clause 2, this Agreement may be terminated by either Party for convenience at any time by serving written notice. The period of
notice shall be three months for the first year of the Agreement as from the Effective Date, four months for the second year commenced, five months for the third year commenced, six months for the subsequent years. The end of a notice period must
coincide with the end of a calendar month. 

	2.2.	 DHL shall be entitled to terminate this Agreement upon two weeks written notice where Global-e fails more than once in any three month period to pay to DHL any of the Charges (or any other sums due under this Agreement) by the Due Date for payment. Since payments are made by way of direct debit, a
failure by DHL to initiate direct debit payment will not constitute a failure of Global-e. 

  

	2.3.	 Either Party shall be entitled to terminate this Agreement with immediate effect in the event that the other
Party commits a material breach of this Agreement which is either not capable of remedy or which that Party fails to remedy within 14 days of receipt of a written notice requesting the breach be remedied. 

 

	2.4.	 Either Party shall be entitled to terminate this Agreement immediately by notice in writing to the other Party
in the event that the other Party, being a company, goes into liquidation whether voluntary or compulsory or is the subject of a winding up, receivership or administration proceedings or if a person takes possession of all or any substantial part of
its property, assets or undertaking or enters into any composition or other voluntary arrangement with its creditors, or suffers any distress or execution to be levied on all or any substantial part of its property, assets and undertaking or any
other analogous event or ceases or threatens to cease carrying on business or becomes unable to pay its debts as they fall due or, being an individual, is subject to any analogous circumstances. 

 

	2.5.	 On termination , all products and any property owned by or belonging to DHL or a third party and supplied to Global-e in connection with the DHL Services must be returned to DHL within 14 days of the date of termination. 

  

	2.6.	 Either Party shall have an immediate right of termination where the other Party carries out any action that:
(i) has an effect of damaging its reputation; or (ii) brings its business into disrepute. 

  

	2.7.	 Each indemnity in this Agreement is a continuing obligation separate and independent from any obligation and
shall survive the termination of this Agreement. 

  

	3.	 THE DHL SERVICES 

 

	3.1.	 The DHL Services provided by DHL to Global-e (or ancillary, optional or
other services such as handling and storage during transportation and customs clearance, as well as any Optional Services selected by Global-e) shall be as specified in [***] or as published on DHL’s
website (www.dhl.co.uk), as amended from time to time. 

  

	3.2.	 Time for delivery shall not be of the essence in respect of performance of the DHL Services. All DHL Services
shall be governed by the provisions of this Agreement. 

  

	3.3.	 DHL shall have discretion not to carry any Shipments which in its reasonable opinion are unsuitable for
carriage, provided that immediately following the decision, DHL shall provide Global-e with either an oral explanation or a written detailed explanation as for the reasons behind such a decision, as well as
suggestions as to what Global-e should do in order to ensure such Shipments become suitable for carriage, if applicable. Unless otherwise agreed by the Parties, any such rejected Shipment shall be returned by
DHL to Global-e. 

  

	3.4.	 In accordance with the provisions of clause 3.5 below, except in the case of Shipment Insurance if offered by Global-e, neither Party shall represent itself as an agent of the other for any purpose and shall not (without the prior written consent of the other’s authorised signatory) in writing: 

 

	 	3.4.1.	 give any condition, warranty or representation on the other Party’s behalf; and 

 

	 	3.4.2.	 enter into (or purport to enter into) any contracts or agreements binding on the other Party.

	3.5.	 Both parties acknowledge and agree that there shall be no contractual relationship between DHL and any Global-e Customer acting as Shipper under this Agreement. Subject to clause 7.5, the Parties further agree that any claims raised by a Shipper under the terms of this Agreement may only be brought by Global-e, and DHL shall only be liable to Global-e in the event of any breach of this Agreement by DHL. 

 

	3.6.	 Nothing in this Agreement shall be construed as creating a partnership or joint venture of any kind between the
Parties or as constituting either Party as the agent of the other Party for any purpose whatsoever and neither Party shall have the authority or power to bind the other Party, or to contract in the name of, or create a liability against, the other
Party in any way or for any purpose. 

  

	3.7.	 Authorised representatives of both Parties shall meet as needed to discuss operational matters under this
Agreement. 

  

	4.	 CHARGES 

  

	4.1.	 The pricing in Schedule 1 applies to Enterprise Customers . The Pricing in [***] applies to Pro Customers. This
means that these are the rates which DHL will charge Global-e in relation to such customers . As it contracts with its customers, Global-e will inform DHL of such
customers and whether they are Pro Customers or Enterprise Customers. 

  

	4.2.	 DHL shall have no visibility or control of, nor any influence over,
Global-e’s commercial strategy or its choice of customer. Global-e shall determine the charges it levies for the provision of its services, including the DHL
Services at its absolute discretion and such charges will not be disclosed to DHL. 

  

	4.3.	 For the purposes of this Agreement, “Charges” means any amounts properly
chargeable to Global-e in connection with this Agreement including but not limited to taxes, customs duties, levies, imposts and other charges imposed by regulatory bodies in relation to its Shipment(s).

  

	4.4.	 Notwithstanding clause 4.5 and 4.8 below, DHL reserves the right to make surcharges to recover costs associated
with temporary or industry-wide or operational situations including but not limited to: fuel price increases whether or not arising out of any force majeure event; and increases in Government or any other authority’s fiscal or statutory charges
payable by DHL including variations in vehicle excise duty. 

  

	4.5.	 Subject to mutual agreement by the Parties, DHL shall have the right at any time to: (i) amend the Charges
in [***]; and/or (ii) introduce new Charges in line with this Agreement. The provisions of this sub-clause 4.5 shall be without prejudice to the provisions of
sub-clause 4.3. Additionally, where DHL agrees with Global-e to amend the Charges, such changes shall be applicable from the first day of the month following such
agreement. In any event, the Charges in [***] shall be subject to a proportionate annual increase at the commencement of each calendar year in line with DHL’s published tariff. 

 

	4.6.	 All prices set out in [***] are exclusive of VAT. DHL shall invoice
Global-e by way of E-Billing. The invoice will show the amount by customer, based on such customer’s shipment volumes (the actual shipments for such customer during the billing period). In order to
achieve this, DHL will set up an account by Customer. Unless otherwise agreed by the Parties, Global-e shall pay the Charges by direct debit without set-off, withholding
or deduction within 30 days of the date of DHL’s invoice (“Due Date”). If Global-e fails to pay any sum due under this Agreement by the Due Date DHL shall, without prejudice to any other right
or remedy that it may have, be entitled to (i) suspend the provision of the DHL Services or any part thereof and/or (ii) charge Global-e interest at the rate of interest specified from time to time
in the Late Payments of Commercial Debts (Interest) Act 1998 calculated daily from the Due Date until the date on which the obligation of Global-e to pay the sum is discharged (whether before or after any
judgment). 

  

	4.7.	 Global-e shall have thirty (30) days from the date of the invoice
within which to raise a bona fide dispute relating to the Charges. All such disputes shall be referred for resolution in accordance with clause 14. For the avoidance of doubt, all sums not in dispute shall be paid in accordance with clause 4.6
above. 

	4.8.	 If there is an increase in the cost of fuel for either road or air transport a surcharge may be applied or the
Charges may be adjusted in accordance with the methodology described at https://www.dhl.co.uk/en/express/shipping/shipping advice/express fuel surcharge eu.html. The level of the fuel surcharge is also indicated in all invoices. The Parties
have agreed that the fuel surcharge applicable during the Term of this agreement shall be fixed at [***] unless otherwise varied in writing by DHL. 

  

	5.	 ASSIGNMENT & SUB-CONTRACTING 

 

	5.1.	 Subject to thirty (30) days prior written notice to Customer, DHL shall be entitled to assign or transfer
any of its obligations under this Agreement to any third party or to any other member of its Group. “Group” for the purposes of the Agreement, means in relation to DHL, any direct or indirect parent company and
any direct or indirect subsidiaries of DHL or its parent companies from time to time and any associated companies of the aforesaid. Global-e shall not be entitled to assign its rights or obligations under this
Agreement without the prior written approval of DHL, unless such assignment is made to a wholly owned subsidiary of Customer which is, or will be, registered in the United Kingdom. 

 

	5.2.	 DHL shall be entitled to subcontract any of its obligations under this Agreement to any third party or to any
other member of its Group but DHL shall remain liable to Global-e for the performance of any subcontractor or agent. Any sub-contractor of DHL to which DHL has assigned
its obligations under this Agreement, shall be entitled to rely on and enforce any of the provisions of this Agreement as if it were a party hereto in the place of DHL. 

 

	6.	 LIABILITY, RISK & INSURANCE 

 

	6.1.	 DHL’s liability for loss or damage sustained by Global-e as a
consequence of DHL’s acts or omissions in the performance of the DHL Services is limited in accordance with this Agreement. Under no circumstances shall DHL be held liable for any loss, damage or delay caused by any negligent act or omission
(including but not limited to breach of this Agreement) by Global-e or any other third party. 

  

	6.2.	 Any exclusion from or limitation of liability set out in this Agreement shall not apply so as to restrict
either Party’s liability for death or personal injury resulting from that Party’s negligence (as defined in section 1 of the Unfair Contract Terms Act 1977) or for fraud. 

 

	6.3.	 Neither Party shall in any circumstances howsoever arising be liable to the other or to any third party for
(i) consequential loss or damage; (ii) indirect loss or damage; (iii) incidental loss or damage; (iv) economic loss of any nature; (v) loss of income; (vi) loss of profits whether direct or indirect; (vii) loss of
interest; (viii) loss of future business; (ix) loss of goodwill and (x) loss of sales or turnover. 

  

	6.4.	 DHL’s liability in relation to any Shipment shall be limited in accordance with the Terms and Conditions.

  

	6.5.	 The Shipper’s declaration of a Shipment shall not be deemed to be a declaration of interest for insurance
purposes. DHL’s liability shall always be limited as set out under this Agreement. 

  

	6.6.	 Where Global-e has authorized the use of its DHL account details by a
third party, or where Global-e has failed on its commercially reasonable obligations to keep its account details secure resulting in the fraudulent use of the account by a third party, then Global-e shall be liable and shall indemnify DHL for all Charges incurred on Global-e’s account with regards to such fraudulent use. 

 

	6.7.	 Global-e shall not be entitled to benefit from DHL’s money back
guarantee (details as published at www.dhl.co.uk, as amended from time to time) unless Global-e can prove that it has received a genuine, valid and proven claim from a Shipper for such money back guarantee and
that Global-e has complied in all respects with DHL’s claims procedure as set out in clause 6.8 below. 

	6.8.	 DHL shall have no liability to Global-e unless a genuine, valid and
proven claim has been made by Global-e in line with the Terms and Conditions and Global-e shall comply with the claims procedure as published on DHL’s website at
www.dhl.co.uk, as amended from time to time. 

  

	7.	 OBLIGATIONS OF GLOBAL-E 

 

	7.1.	 Global-e shall comply with and agree to be bound by, and warrants that,
where applicable, the Shippers comply with and agree to be bound by the relevant terms of this Agreement. 

  

	7.2.	 Global-e and its Shippers shall comply with DHL’s regulations
regarding the carriage of dangerous and/or prohibited and/or restricted items as set out at www.dhl.co.uk. Global-e shall indemnify DHL for any loss, damage or expense suffered by DHL as a result of Global-e’s and/ or the Shipper’s failure to comply with these regulations. 

  

	7.3.	 Global-e warrants and undertakes that it will take commercially
reasonable efforts to ensure that: 

  

	 	7.3.1.	 all Shipments are suitably packaged taking into account the content of the Shipment and the rigours of an
automated transportation process; 

  

	 	7.3.2.	 all Shipments are correctly labelled. DHL, its servants or agents shall not in any circumstances be liable for
any late delivery, mis-delivery or non-delivery caused by or contributed to by the deficient or ambiguous labelling or any other failure by the Shipper of its labelling obligations; 

 

	 	7.3.3.	 all data to be provided by it (including by electronic means) shall be accurate and complete and must be
provided in a timely manner as required by DHL; and 

  

	 	7.3.4.	 prior to carriage, any important documents (including original documents) are copied; any electronic data is backed-up; and all personal data and confidential information is stored securely. 

  

	7.4.	 In the event of a breach of any of the obligations contained under this clause 7, DHL may refuse to carry
Shipments and where loss of or damage occurs to the Shipment, then DHL’s liability as specified in this Agreement will be excluded. 

  

	7.5.	 Global-e shall for all purposes be treated by DHL as sole beneficial
owner of the Shipment. If the receiver of the Shipment or any other third party makes any claims for loss, damage or for any other liability, or makes any attempt to recover any costs or expenses (“Claim”) against DHL,
its agents or sub-contractors, then subject to clause 6.2, Global-e shall indemnify DHL, its agents and sub-contractors against
any such Claim where DHL has already paid Global-e the limits set out in paragraph 6 of the Terms and Conditions or where DHL’s liability exceeds the limits set out in paragraph 6. 

 

	7.6.	 Global-e shall fully indemnify and hold DHL harmless for any direct
costs, expenses, claims, loss or damage suffered by DHL as a result of Global-e’s or the Shipper’s failure to comply with any of the provisions contained in clauses 7.2, 7.3 and 7.5 above. 

 

	7.7.	 Global-e agrees that DHL shall be entitled to deliver Shipments shipped
by Global-e to a third party provided that the addressee on the label (or such person’s agent) has provided authority to DHL to deliver the Shipment to any such third party. DHL shall not have any
liability in connection with the Shipment arising from the acts or omissions of such third party. 

  

	8.	 INTELLECTUAL PROPERTY RIGHTS 

 

	8.1.	 Subject to the terms of this Agreement, DHL hereby grants Global-e a
limited non-exclusive, revocable licence to use the intellectual property of DHL including the DHL logo and promotional material prepared by DHL to promote the Services (as amended from time to time)
(“Marketing Collateral”) for the term of this Agreement only, provided always that Global-e shall comply with such written instructions or directions as may be
given by DHL from time to time as to the manner and context in which such Marketing Collateral may be used by Global-e including but not limited to use of the Marketing Collateral on Global-e’s website.

	8.2.	 Global-e shall not 

 

	 	8.2.1.	 remove any DHL copyright or trade mark statements appearing on any Marketing Collateral; 

 

	 	8.2.2.	 bid on any brand key words utilised by DHL in internet search engines including but not limited to DHL, DHL
Express, DHL it now and DHL International. For the avoidance of doubt, Global-e shall not be prohibited from bidding for brand key words associated with the courier services industry which do not contain the
word ‘DHL’; or 

  

	 	8.2.3.	 Global-e shall be prohibited from utilising the word DHL’ from any
part of its URL structure. 

  

	8.3.	 If Global-e is in breach of clause 8.1 or 8.2 above, DHL shall be
entitled to terminate the Agreement subject to clause 2.3. 

  

	8.4.	 Global-e shall notify DHL as soon as it becomes aware of any
infringement or attempted infringement of DHL’s intellectual property or Marketing Collateral. 

  

	8.5.	 At the termination of this Agreement, Global-e shall immediately cease
using any intellectual property and Marketing Collateral and shall remove any reference to DHL from any of its media. 

  

	9.	 TUPE 

  

	9.1.	 The Parties do not intend the Transfer of Undertakings (Protection of Employment) Regulations 2006
(“TUPE”) to apply to the provision of services. In the event that TUPE does or is alleged to apply to the provision of DHL Services, each Party shall indemnify the other Party against all direct losses,
redundancy costs (including, without limitation, contractual and statutory redundancy payments and payments in lieu of notice), liabilities, damages, compensation, claims, costs and expenses including redundancy costs, fines, penalties, legal and
other professional fees and expenses (“Losses”) which such Party may suffer or incur on account of or arising from any claim or allegation by any employee representative or any person who is or was employed or engaged by the Party
(including without limitation all Losses which the other Party may suffer or incur arising from the employment and/or termination of employment of any person whose contract of employment transfers or is alleged to transfer to the other Party under
TUPE). 

  

	10.	 THIRD PARTY RIGHTS 

 

	10.1.	 Subject to the terms of this Agreement, no term of this Agreement shall be enforceable by any third party
(being any person other than DHL or Global-e and their permitted successors and assignees) whether pursuant to the Contracts (Rights of Third Parties) Act 1999 or otherwise. 

 

	11.	 NOTICES 

  

	11.1.	 All notices sent under this Agreement shall be in writing and shall be sent to the address of the recipient set
out in this Agreement or such other address in England as the recipient may designate and shall be delivered personally or sent by pre-paid first class post. A notice is deemed to have been received if
delivered personally, at the time of delivery, or in the case of pre-paid first class post, 72 hours after posting. 

  

	12.	 CONFIDENTIALITY AND ANNOUNCEMENTS 

 

	12.1.	 Each Party undertakes that for the term of this Agreement and for a period of two years after the termination
of this Agreement, it shall not and shall use all reasonable endeavours to procure that its officers, employees, sub-contractors, representatives and agents shall not disclose to any person or use (i) any
information (including but not limited to tracking data and any pricing information) supplied by either Party to the other relating to this Agreement and the DHL Services to be provided

	 	
hereunder and/or the negotiations relating to this Agreement and/or relating to the business and affairs of the Parties (“Confidential Information”). Such
Confidential Information shall not include any information already in the public domain or available to the other Party otherwise than as a result of negotiating and entering into this Agreement or providing the DHL Services (provided that such
information is not available to the other Party or in the public domain as a result of a breach by that Party of any other obligation of confidentiality); and (ii) Confidential Information other than for the purpose of performance of its
obligations under this Agreement. 

  

	12.2.	 The Parties hereby agree that clause 12.1 shall not prevent disclosure by either Party of any Confidential
Information (i) as required by law or any regulatory authority provided that the disclosing party shall, so far as practicable, first consult with the non-disclosing Party regarding such disclosure; (ii)
to its professional advisors; (iii) to any of its officers employees, sub- contractors, representatives or agents for the purposes of performing its obligations under this Agreement; and (iv) with
the prior written consent of the other Party. 

  

	12.3.	 Without prejudice to clauses 12.1 and 12.2 above, no announcement, communication or publicity of any kind
relating to the terms of this Agreement shall be made or issued, by either Party to this Agreement without the prior written consent of the other Party (such consent not to be unreasonably withheld or delayed), provided always that the prohibition
in this clause shall not prevent DHL undertaking any actions which are necessary for, or incidental to, the performance of the DHL Services. 

  

	13.	 DATA PROTECTION 

 

	13.1.	 All personal data provided to DHL under this Agreement will be held and processed by DHL its servants, agents
and where applicable carefully selected third party companies and shall be used fairly, in confidence and solely for the purposes of providing the DHL Services. DHL shall keep such personal data secure and shall comply with the Data Protection Act
2018. 

  

	13.2.	 Global-e warrants that all personal data provided to DHL has been
fairly and lawfully obtained and Global-e has authority to disclose such personal data to DHL and for DHL to lawfully process it. Global-e shall fully indemnify and
holds harmless DHL for any costs, expenses, losses or damage howsoever arising out of its failure to comply with this warranty. 

  

	13.3.	 The terms “controller”, “Personal Data”, “processor”, “data subject”
and other terms relating to the processing of personal data used but not defined herein shall have the meaning assigned to them in the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679). 

 

	13.4.	 Both Parties undertake to comply with the applicable data protection laws, regulations and standards. Where
applicable and legally required, the Parties will conclude a Controller-Processor Agreement if during the course of this Agreement personal data are collected , stored, processed or otherwise used on behalf of the data controller.

  

	13.5.	 DHL shall in particular oblige its employees in writing not to disclose to anyone any personal data and other
information they receive in the course of or in connection with their work for Global-e and not to collect, process or otherwise use such data and information without authorization. 

 

	13.6.	 DHL shall implement appropriate technical and organizational security measures, i.e. measures protecting
personal data against accidental or unlawful destruction or accidental loss, alteration , unauthorized disclosure or access, in particular but not limited to where the processing involves the transmission of data over a network, and against all
other unlawful or unauthorized forms of processing, before and at all times during the processing of personal data. 

  

	13.7.	 DHL shall immediately notify Global-e in case where any, including but
not limited to, accidental or deliberate alteration, loss or destruction of personal data or any unlawful or unauthorized processing of or access to personal data is detected; and shall immediately notify
Global-e if it discovers an actual or possible security breach (including the possibility of such a breach) of DHL’s IT systems. 

	13.8.	 DHL shall process the Personal Data only for performing the DHL Services and for no other purpose;

  

	13.9.	 DHL shall be prohibited from storing, processing or using the data that becomes known to it except for the
contractually agreed purpose. It shall not be permitted to pass on data to third parties not involved in the transport of the shipment, except when legally obliged. 

 

	13.10.	 Data Protection obligations continue to apply even after the end of the contractual relationship in accordance
with applicable law. 

  

	14.	 DISPUTE RESOLUTION 

 

	14.1.	 In the event of a dispute arising under this Agreement, the Parties shall use their best commercial efforts to
negotiate and settle amicably such dispute. The Parties agree in the first instance to refer any dispute to their respective account managers. Should the account managers fail to reach resolution within 10 working days of referral of the dispute,
then the dispute shall be referred to the immediate line manager of the respective account managers for resolution. Should the immediate line managers be unsuccessful in resolving the dispute within 10 working days of the dispute being referred to
them for resolution, then the dispute shall be referred to the appropriate senior managers of the Parties. 

  

	14.2.	 Provided the procedure set out in clause 14.1 above has been exhausted or frustrated , nothing in this clause
shall prevent the Parties from being entitled to commence or continue court proceedings at any time thereafter. 

  

	14.3.	 Neither Party shall be obliged to follow the procedures set out in
sub-clauses 14.1 and 14. 2 above where that Party intends to apply for injunctive relief against the other, provided that there is no delay in the prosecution of that application. 

 

	15.	 SEVERABILITY 

  

	15.1.	 If any provision of this Agreement is held invalid by a court of competent jurisdiction, all valid provisions
that are severable from the invalid provision(s) shall remain in full force and effect. 

  

	16.	 LIEN 

  

	16.1.	 DHL shall have the right to exercise a lien over any Shipment in respect of any Charges which are outstanding
and which have not been settled as per the provisions of section 4.5 above. DHL shall be entitled to sell or dispose of the Shipment at Global-e’s expense after having given Global-e 10 days’ notice.
After applying the proceeds of the sale, DHL shall account to Global-e for any amounts exceeding the outstanding Charges and all associated expenses. DHL shall then be discharged from any liability with regard
to the Shipment. 

  

	17.	 DIRECT PRO CUSTOMERS 

 

	17.1.	 DHL will recommend Global-e services to appropriate customers. It will
agree pricing with them, explain the Global-e service to them briefly as agreed with Global-e and advise them to contact Global-e
for more information. The Customer may pass its DHL rates to Global-e or DHL will forward them to Global-e on request of the Customer, so that Global-e may apply them to the Customer’s shipments. 

  

	17.2.	 Global-e’s offer to such Direct Pro Customers will exclude the DHL Services. This means that Global-e will not include its own pricing for it and will not invoice the Customer for it, but the Global-e Platform will still allow the use of DHL Services, which Global-e will continue to charge to the buyer of the Customer’s goods (using the rates negotiated between DHL and the Direct Pro Customer). 

	17.3.	 The DHL Services will be billed directly by DHL to the Direct Pro Customer, who will be DHL’s customer for
all intents and purposes. Any customs duties in relation to such Direct Pro Customers’ shipments will be paid by Global-e, so DHL will charge them to Global-e.
However, in certain cases, duties may instead be charged by DHL to the Direct Pro Customer. 

  

	18.	 GOVERNING LAW 

 

	18.1.	 This Agreement and any non-contractual obligations arising out of or in
connection with it, shall be governed by and construed in accordance with the laws of England and Wales and the Parties submit to the exclusive jurisdiction of the English courts. 

[Signature Page to Follow] 

 IN WITNESS WHEREOF, the Parties have signed this Agreement on the date first above written. 

 

					
	DHL International (UK) Limited	 		 	Globale U.K. Ltd
			
	/s/ Ian Wilson	 		 	/s/ Nir DebbiEX-10.5

 Exhibit 10.5 

[***] Certain information in this document has been excluded pursuant to Regulation S-K, Item 601(b)(10). Such excluded information is not material and would
likely cause competitive harm to the registrant if publicly disclosed. 
 Execution Version 

March 27, 2017 
 To: DHL International GmbH

 Re: DHL Special Rights  

This letter (this “Letter”) is entered into this 27th day of March,
2017, and confirms Global-e Online Ltd.’s (the “Company”) agreement that DHL International GmbH (“DHL”) will be entitled to the following contractual rights, in addition
to any other rights specifically provided to DHL or any of its Affiliates under the Amended and Restated Investors’ Rights Agreement of even date herewith and the Company’s Amended and Restated Articles of Association (“Amended
Articles”). This Letter shall become effective on March 27, 2017 (the “Effective Date”). 
 1. Commercial Arrangement

 1.1. Strategic Relationship 

1.1.1. Commencing on the Effective Date, DHL and the Company shall become strategic partners as hereinafter provided and shall continue
their co-operation in order to secure and strengthen the existing collaboration to increase effective cross-border trade and benefit from mutual strong growth. 

1.1.2. To effect such strategic relationship, each of DHL and the Company shall commit to certain undertakings and obligations towards
the other party as further described hereinafter. 
 1.1.3. For the purposes of this Section 1, except as otherwise specified,
references to either party shall be deemed to be references also to such party’s Affiliates (as defined below), and shall bind them. 

1.2. Exclusivity. 

1.2.1. The Company hereby undertakes to use DHL, on an exclusive basis, for all Express Shipments, and agrees not to use, directly or
indirectly, for Express Shipments (or integrate into its or its Affiliates’ bundled offerings) any comparable service(s) of any other service providers (the “Exclusivity Undertaking” and the “Exclusive
Services,” respectively), but subject to the provisions of Section 1.2.4 below. As used herein, “Express Shipments” means shipments done by means of a systemized and dedicated network for
“door-to-door” pick-up and delivery of document and non-document shipments,
including customs clearance, overnight or by the end of the next possible day for delivery in the respective market (i.e., taking into account industry standards express transit times applicable to the respective origin and destination
countries). 
 1.2.2. Notwithstanding any expiration or termination of this Letter, the Exclusivity Undertaking will remain in effect
(in accordance with the provisions of this Letter) indefinitely with respect to any customer that has been engaged by the Company following an introduction by DHL or with DHL’s assistance (in each case, if such introduction or assistance was
either requested by the Company or offered by DHL and accepted by the Company) (“Exclusive DHL Customer”). DHL shall periodically (e.g., quarterly) provide written notice to the Company of any customer it believes constitutes
an Exclusive DHL Customer. Within thirty (30) days after the receipt of each such notice, the Company may dispute the inclusion of any specific customer in the notice by providing written notice of the same to DHL accompanied by substantiating
documentation. If the parties disagree as to whether a certain customer constitutes an Exclusive DHL Customer, the issue shall be referred to the senior management of the parties in accordance with the process described in Section 1.5 below.

  
 1 

 Execution Version 
  

 1.2.3. For all other services which are not the Exclusive Services (e.g.,
economy carriers, mail, etc.) no exclusivity will be set. However, to the extent the Company requires and DHL provides such services in any market(s), the Company will actively invite DHL, from time to time, to submit proposals to provide such
services in such market(s) and the Company shall consider in good faith making DHL its preferred provider for such services. If DHL’s proposed services are at competitive service levels and pricing and the Company does not elect to make DHL its
preferred provider for such services, the matter will be referred to the senior management of the parties in accordance with the process described in Section 1.5 below. 

1.2.4. In the event that a Company’s customer is unwilling to use DHL for Express Shipments, the Company will use commercially
reasonable efforts to persuade and cause such customer to use DHL’s Exclusive Services. Further, in the event that (a) a Company’s customer is unwilling (despite the Company’s efforts) or, due to valid contractual or regulatory
restrictions to which the customer is bound, is unable to utilize DHL’s Exclusive Services, or (b) DHL cannot provide the Exclusive Services, or any part thereof, to a customer through the Company (e.g., due to the fact that DHL
does not offer a specific service required by the customer (such as cash-on-delivery) or that DHL is bound by another commercial agreement with regards to the customer
which prohibits it from quoting through the Company), or (c) DHL cannot offer pricing options (i.e., dead-weight billing on a specific transport lane) that are consistent with Section 1.3, or (d) DHL imposes on the Company the
obligation to present the goods to DHL in a consolidated fashion prior to shipping by DHL to a specific country, and such obligation is inconsistent with the then-current market standard and results in an adverse operational impact on the Company,
the issue shall be referred to the senior management of the parties in accordance with the process described in Section 1.5 below. If senior management is unable to implement a resolution that would result in such customer or the Company using
DHL’s Exclusive Services, such customer, service or transport lane will be excluded from the Exclusivity Undertaking for so long as the issue continues and remains unresolved. For the avoidance of doubt, notwithstanding such exclusion, the
Company will continue to use commercially reasonable efforts to use DHL’s Exclusive Services and to persuade and cause such customer to use DHL’s Exclusive Service as soon as reasonably possible. 

1.3. Pricing. The prices which DHL shall charge the Company for the Exclusive Services, as well as for all charges related to the
Exclusive Services (such as shipping charges, surcharges, fuel surcharge, remote area charges, etc.), shall be DHL’s applicable top tier prices for like services for commercial customers then in effect for each respective country where the
Exclusive Services are performed. The Company acknowledges that a small number of select or uniquely situated customers of DHL may receive better pricing than the otherwise applicable top tier prices (e.g., customers that perform unusually
large numbers of shipments in a short period of time following a new product launch). Upon the Company’s request from time to time (but not more frequent than once every six (6) months), DHL shall provide the Company with a confirmation by
a senior DHL executive which states that DHL has complied with the terms of this Section 1.31.3. If at any time during the Exclusivity Undertaking, the Company reasonably believes that DHL did not comply with the terms of this Section 1.3,
the issue shall be referred to the senior management of the parties in accordance with the process described in Section 1.5 below. If senior managements of both parties mutually agree that DHL did not comply with the terms of this
Section 1.3, DHL shall immediately offer to the Company the appropriate top tier prices as required by this Section 1.3. It is agreed that repeated non-compliances (as determined by the senior
managements in accordance with the foregoing) will be considered a material breach for purposes of Section 4.2. 

  
 2 

 Execution Version 
  

 1.4. DHL Covenants 

1.4.1. DHL will perform the Exclusive Services in a professional manner, consistent with high industry standards and the provisions of
any country’s specific agreement. 
 1.4.2. DHL will use commercially reasonable efforts to promote the Company’s services,
including by referring or introducing potential customers to the Company. In furtherance thereof, in each territory where the Company is currently operating, and in each new territory in which the Company will become active during the term of this
Letter, from time to time the Company may identify a DHL customer which the Company believes is relevant to its business (the “Potential Company Customer”), and upon the Company’s reasonable request, DHL will make a
commercially reasonable effort to persuade and cause such customer to use the Company’s services, and to continue to make such effort until such time as the Potential Company Customer has become a Company customer. 

1.4.3. Absent the prior written consent of the Company, DHL shall not make an equity investment in, or acquire, any Company Competitor,
as such term is defined in Schedule B hereto (a “Company Competitor”), except in any of the following circumstances or conditions (each, a “Permitted Acquisition”):  

(a) The geographic markets in which the Company Competitor (or the Company Competitor’s Affiliate or business unit which DHL is investing
in or acquiring) is primarily active are outside of the United States, the United Kingdom, the EU, Australia and Canada, and the investment or acquisition will not limit DHL’s ability to meet its obligations to the Company under this Letter;
or 
 (b) At the time of the contemplated investment or acquisition, the Company does not offer and does not plan to offer (based on
its then-current product road map as presented to the Company’s Board of Directors) products or services that are the same or substantially similar to those of the Company Competitor (or the Company Competitor’s Affiliate or business unit
which DHL is investing in or acquiring), and the investment or acquisition will not limit DHL’s ability to meet its obligations to the Company under this Letter.  

The parties agree that at any time following the completion of a Permitted Acquisition: 

(i) if the Company becomes active in a new geographic market in which the respective Company Competitor is active, or the Company begins to
offer products or services that are the same or substantially similar to those of the Company Competitor (or the applicable Affiliate or business unit), and DHL is unable to meet its obligations to the Company under Section 1 (Commercial
Arrangement) of this Letter with respect to such new geographic market or such new products or services, then the Exclusivity Undertaking will not apply with respect to such new geographic market or such new products or services, as the case may be,
but only so long as DHL does not meet such obligations; and 
 (ii) if the Company Competitor becomes active in new geographic market in
which the Company is already active, or the Company Competitor begins to offer products or services that are the same or substantially similar to those already offered by the Company, DHL will ensure that it treats the Company more favorably than
the Company Competitor in such geographic market, or with respect to such products and services, as the case may be. 
 Notwithstanding anything in the
Letter to the contrary, in this Section 1.4.3, all references to DHL mean DHL Express (International) Limited, its controlled (i.e., majority-owned) Affiliates and any non-controlled Affiliate that enters into a Permitted Acquisition for
the benefit of DHL Express (International) Limited, but exclude any other Affiliates. 

  
 3 

 Execution Version 
  

 1.5. Escalation. Any dispute, controversy or claim relating to all or any of the
provisions of this Section 1 shall be referred to the senior management of the parties - the Company’s CMO and the local country manager of DHL in the relevant country - for good faith discussion and resolution. If any dispute,
controversy, or claim cannot be resolved by such good faith discussion between the abovementioned senior management within three business days, it shall be referred to the Company’s CEO and DHL’s EMEA CEO for expeditious resolution. If the
dispute is still not resolved within an additional ten (10) days, then each party shall have all remedies available to it at law and in equity. 

1.6. Limitation of Liability. In no event shall either Party be liable to other Party for any consequential, indirect, special, punitive
and exemplary damages, or any damages for loss of profits, revenue or goodwill, in connection with this Letter. This clause will survive the expiration or termination of this Letter. 

2. Issuance of Shares. 
 The Company hereby undertakes not
to issue any of its Equity Securities (as such term is defined in the Amended Articles) to any DHL Competitor (as such term is defined in Schedule A hereto), for as long as this Letter remains in effect. 

3. Rights in Connection with an Acquisition Proposal. 

3.1. In the event that either the Company, its Board of Directors (the “Board”) or any of its shareholders (or any
Person acting on their behalf) discloses any confidential information of the Company to any Person (as defined below) in connection with a potential Acquisition (as defined below) by such Person (or any Person on its behalf), the Company shall
provide DHL with prompt (and in any event within three (3) business days) written notice advising on such disclosure of information. Further, if either the Company or its shareholders receive an Acquisition Proposal (as defined below), the
Company shall provide DHL with prompt (and in any event within three (3) business days) written notice of the receipt of such Acquisition Proposal (the “Notice”). The Notice shall (a) indicate that the Company has received
an Acquisition Proposal, (b) describe the general nature and timing of the proposed transaction 
 (i.e., cash or securities, and assets, securities or
merger) if outlined in the Acquisition Proposal; provided that the Company need not disclose the proposed purchase price or the identity of the third party offeror in the Notice, except as described below, and (c) to the extent the Acquisition
Proposal is submitted to the Company or its shareholders on or before December 31, 2017, the consideration offered in the Acquisition Proposal (including indicating any earn-out consideration, if any),
and to the extent the Acquisition Proposal is submitted after December 31, 2017, the range, in increments of [***] within which the consideration (including any earn-out) under which the Acquisition
Proposal resides and the percentage of the earn-out portion out of the entire consideration. Within three (3) business days of DHL’s receipt of any Notice, DHL may provide the Company with three
(3) lists of five (5) potential third party offerors in each list (the “Third Party Lists”), and the Company shall, within twenty-four (24) hours of the Company’s receipt of such Third Party Lists notify DHL (the
“DHL Notification”) whether the third party offeror in the relevant Acquisition Proposal appears on any of the Third Party Lists and under which list (without the need to disclose the identity of the specific offeror). As of the day
on which the Notice is provided and until 11:59 pm Israel time of the 30th day after the Company provided DHL the Notice (the “Review Period”), DHL or any of its Affiliates may submit an offer (a “DHL Offer” and
such entity which shall submit the offer, “DHL Offeror”) to acquire the Company’s share capital or all or a portion of its assets or securities (including through a merger, share purchase or asset transaction), and the Company
agrees to 

  
 4 

 Execution Version 
  

 refer such DHL Offer to the Board for its consideration. Prior to the expiration of the Review Period, the
Company and its shareholders shall not, and the Company shall not permit any of its officers, directors, employees, agents, any investment banker, attorney, or other advisor or representative retained by any of them, to (i) enter into any
definitive agreement relating to an Acquisition Proposal, or (ii) enter into any exclusivity, no-shop or other agreement that would preclude the Company or its shareholders from negotiating with DHL
Offeror with respect to a DHL Offer or other indication of interest by a DHL Offeror. 
 3.2. For purposes of this Section, an
“Acquisition Proposal” means any bona fide written (including by email) offer or indication of interest, or any public announcement of intention known to the Company, in each case relating to, or involving, an Acquisition; and an
“Acquisition” means a transaction or series of transactions by virtue of a merger or any other transaction that if consummated would result in: (a) an acquisition of more than a 50% interest in the total outstanding voting
securities of Company or any tender offer or exchange offer that if consummated would result in any Person or group of Persons beneficially owning 50% or more of the total outstanding voting securities of the Company, or (b) any sale, lease,
mortgage, pledge, exchange, transfer, license (other than in the ordinary course of business), acquisition, or disposition of all or substantially all the assets of the Company. 

3.3. Following the Company’s delivery of a Notice under Section 3.1 above, if (i) a DHL Offeror does not submit the DHL
Offer within the Review Period, or (ii) a DHL Offeror submits the DHL Offer but such DHL Offer is not accepted by the Board (in which case, the Company shall advise DHL in writing of the rejection), the Company shall have the right, but not the
obligation, to execute a definitive agreement with the third party offeror making the Acquisition Proposal within one hundred and twenty (120) days of the Notice. Notwithstanding the foregoing, in the event of any material change in the terms of the
Acquisition Proposal, the Company shall notify DHL of the same and DHL will be entitled to receive a new Notice and to submit a new DHL Offer, in accordance with the terms of Section 3.1, except that the Review Period following such material
change will be limited to seven (7) days. If no definitive agreement is entered into with the third party offeror within such 120-day period, DHL will be entitled to receive a new Notice and to submit a
new DHL Offer, in accordance with the terms of Section 3.1 with respect to any subsequent Acquisition Proposal (whether or not from the same potential acquirer). 

3.4. Without limiting or derogating anything in the foregoing, the Company will allow DHL and any of its Affiliates to participate on an
equal basis with other third parties should the Company’s Board resolve to initiate a process to solicit an Acquisition Proposal whether via an auction or otherwise; provided however that if such process shall commence following
December 31, 2017 and the Company provided DHL with a written notice of the process prior to the commencement of such process, the provisions of this Section 3 shall not apply with respect to such process. 

3.5. In connection with any Review Period, the Company will promptly provide the DHL Offeror access to due diligence materials and
Company management to enable such DHL Offeror to conduct a due diligence investigation customary for making a proposal for an Acquisition Proposal and with the same level of access provided to any other party that has made an Acquisition Proposal,
subject to customary confidentiality obligations and exclusions (redactions), if similar exclusions (redactions) apply to such other parties, for information related to competitors of DHL and information of the Company where there is a reasonable
likelihood that it may be used by DHL or its Affiliates to compete with the Company. In all events, this access will terminate if DHL elects not to exercise the right to provide the DHL Offer (including through its Affiliates) within the Review
Period or such DHL Offer is rejected (unless the right of first notice process starts again pursuant to the terms of this Letter). 

  
 5 

 Execution Version 
  

 3.6. The Company may provide a summary of the material terms of this Section 3
without identifying DHL as the beneficiary of such right, but only to a Person under a non-disclosure agreement and with whom the Company is having discussions with respect to a potential Acquisition Proposal
or any person with whom the Company initiates activities that trigger a Review Period under Section 3 of this Agreement. 
 3.7.
The Company shall not grant rights of a superior or similar nature to those contained in this Section 3 to any Person (other than DHL). For the avoidance of any doubt, subject to Section 3.1, the Company may accept or reject any
Acquisition Proposal, in accordance with its sole and absolute discretion. 
 3.8. This Section 3 will terminate and be of no
further force or effect upon the earliest to occur of (a) the closing of a public offering of shares of the Company’s capital stock pursuant to a registration statement filed by the Company under the Securities Act of 1933 which has become
effective thereunder, or the Israeli Securities Law, 5728-1968, as amended, or under equivalent securities law of another jurisdiction, (b) a Merger and Acquisition (as defined in the Amended Articles), and (c) such time as DHL (including
any of its Affiliates) holds less than 3% of the issued and outstanding share capital of the Company. 
 4. Term and Termination. 

4.1. The Letter will commence as of the Effective Date and continue in effect for an initial period of three (3) years. Thereafter,
this Letter will automatically renew for a subsequent period of two (2) years, except that in the event a Major Market Change or a Strategic Partnership has occurred during the initial three (3)-year period, the Company will have the option to
terminate this Letter at the end of the initial three (3)-year period by providing prior written notice to DHL. After the 2-year renewal period, this Letter will continue to be in full force and effect, unless
either party provides a written termination notice to the other party, with an effective termination date of at least twelve (12) months after the date such notice is provided; provided, however, that if at any time
after the initial three (3)-year period of this Letter the Company undergoes a Merger and Acquisition (as defined in the Amended Articles), then within thirty (30) days after completion of such transaction, the Company will have the right to
provide written notice of the termination of this Letter, effective at least six (6) months after such notice is received by DHL. As used herein, a “Major Market Change” means a significant change in the standards of the
cross-border e-commerce shipments market, including if such change is due to new products, services or technology introduced to such market, if such change is not supported by DHL or any of its Affiliates in a
competitive manner. If the parties disagree as to whether a Major Market Change has occurred, the issue shall be referred to the senior management of the parties in accordance with the process described in Section 1.5 above. “Strategic
Partnership” means a strategic partnership of similar nature to the arrangement set forth in Section 1 of this Letter that is entered into between DHL and a Company Competitor in the United States, the United Kingdom, the EU or
Australia during the initial three (3)-year period of this Letter. 
 4.2. Either party may terminate this Letter by providing written
notice to the other party in the event that the other party has materially breached this Agreement and has not cured such breach within forty-five (45) days after receiving written notice of such breach. Notwithstanding the foregoing, prior to
submitting any termination notice, the parties must attempt to resolve the matter in good faith in accordance with the process descried in Section 1.5 above. 

5. Miscellaneous. 
 5.1. Notices.
For a notice or other communication under this Letter to be valid, it must be in writing and delivered via email, or by a globally recognized express delivery service (e.g., DHL) or fax (followed by an email copy, receipt of which need not be
acknowledged) to the other party at the address 

  
 6 

 Execution Version 
  

 listed Schedule C attached hereto. Any such notice or communication will be deemed to have been
delivered and received (1) in the case of email, on the date the recipient acknowledges having received the email, with an automatic “read receipt” constituting acknowledgment of an email for purposes of this Section and (2) in
the case of a globally recognized express delivery service, the business day on which receipt by the addressee is confirmed pursuant to the service’s systems, and (3) by fax on the date of delivery of such fax with a confirmation of such
fax being delivered. Either party may update this address for notice by giving the other party written notice of the new address. 
 5.2.
Amendment and Waiver. No amendment of this Letter will be effective unless it is in writing and signed by both parties. No waiver of a party’s failure to comply with an obligation under this Letter will be effective unless it is in writing
and signed by the other party. 
 5.3. Governing Law and Forum. This Letter is governed by the laws of the State of Israel without
giving effect to its principles of conflicts of law. Any dispute regarding this Letter must be decided by a court of competent jurisdiction located in Tel-Aviv, Israel. Nothing herein shall derogate from
either party’s right to seek for an injunction, restraining order or other equitable relief from any court of competent jurisdiction in the event of any breach by the other party of any of its obligations under this Letter. 

5.4. Integration. This Letter is the complete and exclusive statement regarding the subject matter of this Letter and supersedes all
prior agreements, understandings and communications, oral or written, between the parties regarding the subject matter of this letter agreement. 

5.5. Affiliates. For the purposes of this Agreement, (i) “Affiliate” means, with respect to any specified Person, any
other Person who, directly or indirectly, controls, is controlled by, or is under common control with, such Person, including without limitation any general partner, managing member, officer or director of such Person or any venture capital fund now
or hereafter existing of which such Person is a partner or member that is controlled by one or more general partners or managing members of, or shares the same management company with, such Person and (ii) “Person” means any
individual, corporation, partnership, trust, limited liability company, association or other entity. 
 [Remainder of Page Intentionally Left
Blank] 

  
 7 

 Execution Version 
  

 Very truly yours, 

 

			
	GLOBAL-E ONLINE LTD.
		
	By:	 	 /s/ Amir Schlachet

		
	Name:	 	Amir Schlachet
		
	Title:	 	CEO

  

			
	Acknowledged and Agreed:
	
	DHL INTERNATIONAL GMBH
		
	By:	 	 /s/ Joe Joseph

		
	Name:	 	Joe Joseph
		
	Title:	 	Chief Financial Officer

  
 8 

 Execution Version 
  

 Schedule A 

DHL Competitor 
 “DHL
Competitor” means any of the following: 
  

	 	1.	 [***] 

  

	 	2.	 [***] 

  

	 	3.	 [***] 

  

	 	4.	 Any other large courier delivery services company, which now or hereinafter controls 25% or more of the e-commerce shipments market in Europe, the USA or China, or any Affiliate of such company. 

 Execution Version 
  

 Schedule B 

Company Competitor 
 “Company
Competitor” means any of the following: 
  

	 	1.	 [***] 

  

	 	2.	 [***] 

  

	 	3.	 [***] 

  

	 	4.	 [***] 

  

	 	5.	 [***] 

  

	 	6.	 [***] 

  

	 	7.	 [***] 

  

	 	8.	 [***] 

  

	 	9.	 [***] 

  

	 	10.	 [***] 

  

	 	11.	 [***] 

  

	 	12.	 [***] 

  

	 	13.	 [***] 

  

	 	14.	 [***] 

  

	 	15.	 [***] 

  

	 	16.	 [***] 

It is hereby agreed that due to the dynamic nature of the e-commerce market, the Company may, from time to time,
request to add to the list in this Schedule B an additional competitor of the Company which has similar technology and/or characteristics and/or business-model as the companies listed in this Schedule B. Such addition will be subject to DHL’s
consent, which will not be unreasonably delayed or denied. If DHL objects to such addition request, the matter will be referred to the senior management of the parties in accordance with the process described in Section 1.5 of this Letter. 

 Execution Version 
  

 Schedule C 

DHL: 
 DHL International GmbH 

Charles-de-Gaulle-Straße 20 

53113 Bonn 
 Federal Republic of Germany    

 Attn: Henrik Hänche 
 Email: henrik.haenche@dpdhl.com

 with a copy (which shall not constitute notice) to 
 Herzog
Fox & Neeman 
 Asia House 
 4 Weizmann St. 

Tel Aviv 6423904, Israel 
 Attn: Hanan Haviv, Adv. and Yuval
Meidar, Adv. 
 Email: havivh@hfn.co.il; meidary@hfn.co.il 

Company: 

Global-E Online Ltd. 
 25
Bazel St. 
 Petach Tichva, 4951038 
 Attention: Amir Schlachet

 Email: Amir@global-e.com 

with a copy (which shall not constitute notice) to 
 Meitar
Liquornik Geva Leshem Tal 
 16 Abba Hillel Rd. 
 Ramat Gan
52506, Israel 
 Attention: Maya Liquornik, Advocate; and Simcha Koevary, Advocate 

Email: maya@meitar.com; simchak@meitar.com

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