AST SpaceMobile amends stockholders' agreement; Rakuten board seats reduced from 2 to 1

AST SpaceMobile, Inc.

Board size reduced from 13 to 12; Rakuten's right to designate directors cut from two to one.
Rakuten granted one board observer seat; observer must recuse from Rakuten-related commercial matters.
Amendment formalizes Rakuten's assumption of RMUSA's rights after October 2024 blocker merger.
Director removal clarified to require stockholder vote per Delaware General Corporation Law.
No change to current board composition; board vacancy eliminated by resolution.

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