Boxed SPAC Presentation Deck

4. Proprietary end-to-end e-commerce platform Flexible, Efficient Fulfillment & Logistics Platform Efficient inventory management 11x average inventory turnover 90% delivery availability within 2 days or less Proprietary robotics and fulfillment software ~$1M in capex & ~30 days to stand-up new facility Boxed robotics supports low-cost expansion Current State 2020A ANNUAL CAPACITY ~4.5M+ Orders / ~35M+ Items Future State 2026E ANNUAL CAPACITY ~12.5M Orders / ~100M Items 2.7x Capacity 10-15% Savings ADDITIONAL FULFILLMENT CENTERS YIELD Est. Cost Growth 25

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