<SEC-DOCUMENT>0001213900-20-043060.txt : 20201216
<SEC-HEADER>0001213900-20-043060.hdr.sgml : 20201216
<ACCEPTANCE-DATETIME>20201216170852
ACCESSION NUMBER:		0001213900-20-043060
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20201216
DATE AS OF CHANGE:		20201216
EFFECTIVENESS DATE:		20201216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Providence Acquisition Corp.
		CENTRAL INDEX KEY:			0001780312
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39040
		FILM NUMBER:		201393232

	BUSINESS ADDRESS:	
		STREET 1:		6500 RIVERPLACE BOULEVARD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
		BUSINESS PHONE:		9179694834

	MAIL ADDRESS:	
		STREET 1:		6500 RIVERPLACE BOULEVARD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ea131771-defa14a_newprov.htm
<DESCRIPTION>SOLICITING MATERIAL
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">



<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"><FONT STYLE="color: Black">UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"><FONT STYLE="color: Black">______________________</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black">SCHEDULE 14A</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"><FONT STYLE="color: Black">______________________</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"><FONT STYLE="color: Black">Information
Required in Proxy Statement<BR>
Schedule 14A Information</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"><FONT STYLE="color: Black">Proxy
Statement Pursuant to Section 14(a) of the<BR>
Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="color: Black">Filed by the Registrant &#9746;
 Filed by a Party other than the Registrant &#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="color: Black">Check the appropriate box:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.3in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD STYLE="width: 94%; text-align: justify"><FONT STYLE="color: Black">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black"><B>Confidential, for Use of the Commission Only (as permitted by
    Rule 14a-6(e)(2))</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9746;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black">New Providence
Acquisition Corp.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="color: Black">(Name of
Registrant as Specified In Its Charter)<BR>
<B>N/A<BR>
</B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="color: Black">Payment of Filing Fee (Check
the appropriate box):</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.3in">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9746;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="color: Black">No fee required.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="color: Black">Fee computed on table below per Exchange Act Rules
    14a-6(i)(1) and 0-11.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; text-align: justify"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="width: 87%; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">Title of each class
    of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">Aggregate number of securities
    to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(3)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">Per unit price or other underlying
    value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated
    and state how it was determined):</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(4)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">Proposed maximum aggregate value
    of transaction:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(5)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Total fee paid:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="color: Black">Fee paid previously with preliminary materials.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="color: Black">Check box if any part of the fee is offset as provided
    by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous
    filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Amount Previously Paid:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(2)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Form, Schedule or Registration Statement No.:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(3)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Filing Party:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">(4)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">Date Filed:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"><I>On December
16, 2020, Abel Avellan, Founder, Chairman and Chief Executive Officer of AST &amp; Science LLC (&ldquo;AST&rdquo;) and Alex Coleman,
Chairman of New Providence Acquisition Corp. (&ldquo;NPA&rdquo;), participated in an investor conference call, during which they
discussed the proposed business combination of NPA and AST. Below is a transcript of that investor conference call. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; color: #00339A"><FONT STYLE="color: Black"><B>CORPORATE
PARTICIPANTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"><B>Alex
Coleman, </B><I>Chairman, New Providence Acquisition Corp.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"><B>Abel
Avellan, </B><I>Founder, Chairman and Chief Executive Officer, AST &amp; Science LLC</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; color: #00339A"><FONT STYLE="color: Black"><B>PRESENTATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"><B>Alex Coleman</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Good morning, everyone.
Today, we would like to present what the New Providence Management Team believes to be an outstanding investment opportunity with
AST SpaceMobile, a company that is building the first and only space-based cellular broadband network to be accessible by any
standard mobile phone.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">As a matter of
due diligence, I would like to point you to our forward-looking statements and Safe Harbor statement, available on Slide 2 of
our presentation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Moving to Slide
5, I&rsquo;d like to introduce you to New Providence.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">My name is Alex
Coleman and I&rsquo;m Chairman of New Providence Acquisition Corporation. Personally, I&rsquo;ve been in middle-market private
equity for over 20 years, largely with multinational financial institutions, including as a co-head of Citicorp Venture Capital.
Prior to that, I was responsible for a similar private equity initiative at Dresdner Kleinwort Capital, as part of Dresdner Allianz.
I have also been a lead investor in a variety of telephony businesses, including mobile PCS, as well as a variety of service providers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">My partner, Gary
Smith, is an experienced operator, having overseen phenomenal growth and expansion, including as the CEO of Red Bull for their
North American introduction, bringing the company from a virtual startup to almost $2 billion in sales. After that, Gary founded
a new company, Big Red, which he built over a 10-year period and successfully to Dr. Pepper.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">New Providence&rsquo;s
CFO, James Bradley, has worked with us for more than a decade as the CFO of Big Red, and prior to that for KPMG in transaction
services.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Our partner in
this SPAC is UBS O&rsquo;Connor, who complements these backgrounds with proven transaction acumen, a strong market presence and
deep experience as one of the most prolific SPAC investors in the market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Through to this
stage, and together with our Board of Directors, we sourced and reviewed over 400 unique opportunities and engaged 50 of those
companies for further due diligence. After a full year of evaluation, we believe that with AST we have identified an extremely
compelling investment opportunity with a significant addressable market and tremendous growth potential, largely financed by strategic
investors and with multiple customer agreements already in place. Crucially, AST SpaceMobile is based on leveraging unique, patented
and highly defensible technology developed by its own accomplished Management Team.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Moving to Slide
6, on the market opportunity, AST SpaceMobile is a satellite communications company with an innovative and patent-protected technology
that considerably expands the reach and reliability of mobile broadband coverage by creating a space-based network of high-power
satellites which can connect directly with any smartphone around the world.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Each AST satellite
has a very broad aperture, providing the power and gain, enabling connectivity to a regular handset virtually anywhere on the
planet, something traditional satellite companies have done with specialized hardware devices connecting to smaller, less powerful
satellites at a similar altitude to those of AST. In the case of AST SpaceMobile, all that the user will require is a regular
handset, likely already owned, requiring no software or hardware modifications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">We believe that
decoupling mobility from terrestrial towers and enabling uninterrupted global connectivity from space not only has a massive market
potential, but also the potential to positively impact the world population. According to GSMA market data, the global mobile
wireless services market produces $1 trillion in annual revenue with an estimated 5 billion active mobile phones.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">AST&rsquo;s space-based
cellular network addresses two fundamental mobile market issues. The first is simply the inconsistent service most existing phones
experience, whether at a fixed location or moving between locations. The second is a complete lack of connectivity for an estimated
750 million people who have no service options whatsoever and over 3 billion people who do not have access to the mobile broadband,
preventing them from connecting to the Internet.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">There is an estimated
$7 trillion of global GDP generated from the use of mobile phones and 5G, but with no terrestrial solution, the digital divide
will only broaden. AST SpaceMobile&rsquo;s solution will benefit both the connected and unconnected alike.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Moving to Slide
7, and the transaction, to briefly summarize, AST and NPA will combine to create a $1.4 billion pro forma enterprise value publicly
listed company. The $400 million in cash contributed to the balance sheet will fund the business through its first phase of deployment,
initially covering equatorial countries, and enabling it to reach commercialization and becoming cash flow position in 2023. AST
will trade under the ticker ASTS on NASDAQ.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">The transaction
is being priced at an enterprise value of 1.4 times 2024 EBITDA, and will be funded by a combination of approximately $232 million
of cash in trust, as well as a committed PIPE from a combination of new institutional investors and existing strategic partners.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">After participating
in the B round financing, Rakuten, American Tower and Vodafone are reinvesting in the PIPE following signing of 1.2 billion subscribers
through eight MOUs and completion of the Critical Design Review.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Our partner, UBS
O&rsquo;Connor, is also investing in the PIPE without the requirement of a Forward Purchase Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Existing AST equity
holders will remain the majority owners, holding approximately 70% of the pro forma company, and will be subject to a 12-month
lockup period at the closing of the transaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Moving now to Slide
8, and management, now, it gives me great pleasure to introduce Abel Avellan. He has been in the space industry for over 25 years
and has 18 patents to his name pertaining to space-based satellite communication. Abel is an accomplished electrical engineer,
entrepreneur and operator. Prior to AST, Abel founded Emerging Market Communications, or EMC, a satellite-based telecommunications
business, that he eventually sold for $550 million. To support and achieve AST&rsquo;s goals, Abel has built a Senior Management
Team comprised of accomplished executives with blue chip backgrounds in satellite and space communications technology, management
and finance. Having started AST with his own capital, Abel&rsquo;s pursuit of space-based mobility using existing handsets is
not just based on the broader market opportunity, but was inspired by the possibility of offering assistance to over 4 billion
people with life-changing and improving broadband connectivity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">We firmly believe
that New Providence&rsquo;s deep knowledge of the capital markets and executive experience, especially with high-growth companies,
combined with the amazing team and proprietary world-leading technology AST possesses, are ideal partners for this incredible
project. We would not be more excited to partner with him and his Management Team.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">With that, I will
turn it over to Abel.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"><B>Abel Avellan</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Thank you, Alex.
Thank you, everybody, for listening to us today. I want to talk about SpaceMobile.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">SpaceMobile is
the only space-based cellular broadband network that will allow the phone that you have in your pocket, without any change of
hardware, software or frequency, to connect to satellites, patented satellites that we design and manufacture. The SpaceMobile
service will allow global coverage everywhere, is compatible with all existing 5 billion mobile phones. It does provide broadband
data speeds comparable to 4G and 5G, and simply connects the people with their own connections.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">To give you a sense
of how this works, when you get out of coverage, you get a text message. The text message asks you if you want to be connected
with SpaceMobile. You say yes, and that&rsquo;s all that you need to do.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">How this works
then at the end of the month, you get in the bill of the operator that we have agreements with, you get a line that says &ldquo;SpaceMobile
charge.&rdquo; In the United States, we expect that to be between $5 to $25 a month, closer to the $5 if you are just doing text
and voice when you are out of regular land-based service, and closer to $25 a month when you want to do streaming at high broadband
speeds with the SpaceMobile service. Outside of the United States, in places like Africa, India and in South America, it&rsquo;s
expected to cost $1.00 to $2.00 a month. Then, in both cases, in the developed world or in emerging markets, we split the variance
50/50 with our telco partners. Our telco partners provide access to billions of subscribers to the SpaceMobile network, and then
we basically split the revenue between us, to allow the users to stay connected regardless of where they live or work.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">If we can turn
to Page 10, please.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Okay, what problems
do we solve? We solve the problem of 5 billion people that move in and out of connectivity every day, people like us on the phone.
We also solve the problem of connecting the more than half of the world population that still today do not have access to broadband
connectivity into their phones.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">What makes us very
different? It is the fact that we are the world&rsquo;s first and only space-based cellular broadband network that connects people
directly to the handset.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Why now? After
25 years of deployment of cellular networks, still approximately 90% of the earth&rsquo;s surface is still without broadband connectivity
from cellular systems, so there is a 5 billion mobile phone, and growing, install base that is need for being connecting regardless
of where people are located. We believe that broadband connectivity is a human necessity, and certainly some people think that
it&rsquo;s a human right, and I tend to agree with them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Why we don&rsquo;t
have competition at this point? Well, somebody needed to crack the code. We have over 750 patent claims, something that creates
a very high barrier for entry to others. We have, clearly, a first-mover advantage and a superior architecture, and also we have
mutually binding exclusive agreements with some of our telco partners.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">The combination
of the protected technology and defensible technology with mutually exclusive agreements, believe that allows us to have a very
defensible position against future competitors, even though we think that the market is big enough that eventually it really doesn&rsquo;t
matter that other competitors exist.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Okay, Operator,
please turn to 11, please.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">So, with who we
execute on our vision, we have as strategic partners Vodafone, Rakuten and American Tower. Vodafone is the largest mobile operator,
outside China, with approximately 610 million subscribers in approximately 20 home markets. We have Rakuten, the largest e-commerce
platform in Asia, outside China, and also a new entry in cellular connectivity and cellular operator in Japan, and also American
Tower, which is a global cell tower company, and also the largest tower company in the globe. Vodafone, Rakuten and American Tower
invested in our Series B. They&rsquo;ve also invested in the PIPE of the transaction, together with the financial institutions
that are also participating in the PIPE.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Our customers are
the largest telcos, which we agree to interconnect to get access to the subscribers, and then share the revenue that is generated
through our network with them. We have agreements and relationships with companies like Vodafone, Telefonica, Rakuten, Liberty,
Indosat, Telecome, Telestra and AT&amp;T.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Page 12, please.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Why we decided
to become a public company? Well, we feel that we really fit all the profile for a high-growth public company. We had a very large
addressable market, with $1 trillion in annual revenue via 5 billion mobile phones, and growing. We had a very defensible technology,
with over 750 patent claims, with a clear first-mover advantage. We had industry-leading and strategic partners both as investors,
customers and partners. We had a built-in customer base ready to be turned on, allowing access to billions of subscribers through
the wholesale agreements with the telco partners. We had a very flexible and scalable super-wholesale business model that allowed
us to share the gains, while providing access to users to our network, under 50/50 revenue share agreements. That, combined with
the fact that we had very little or no customer acquisition cost, we don&rsquo;t need to own our own spectrum, and through our
wholesale agreements, we get access to billions of subscribers. That allowed us to be in the 90-plus percent of EBITDA margin.
Also, we had a staged deployment, initially, with 20 satellites. That will allow us, with this transaction, to be fully funded,
and expect to become operating cash flow positive in 2023.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Page 14, please.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">SpaceMobile is
a mass market service. It is a service designed for everyone everywhere, regardless of whether you&rsquo;re on a train, in a car,
on a plane, hiking, on a boat, driving down from New York to the Hamptons, or visiting somebody upstate New York. It is designed
to be for everybody regardless of where everybody is located. In essence, potentially, we can get access to the 5 billion phones,
a good portion of them moving in and out of connectivity on a daily basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Operator, Page
16, please.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">In addition to
providing access to the 5 billion phones that exist today, there&rsquo;s a major problem that half of the world population does
not have access to the Internet. If we dissect that a little, 3.3 billion people that live in places where there&rsquo;s no broadband
connectivity into their phone, but also there&rsquo;s 0.75 billion people that have no cover and no option to connect. We have
both of the markets, the 5 billion people that move in and out, and also the 4 billion people that live or work in places&mdash;live,
work or move into places where there is no connectivity into their phones.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Operator, take
us to Page 18.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">A quick comparison
between SpaceMobile and other satellite services. Well, the first, and the most clear one, is that we don&rsquo;t need a terminal.
The other one is the amount of capital that we need to deploy our services and to become cash flow positive, which is $510 million
to get to equatorial the regions. With only 20 satellites, we get to revenue, compared to the many thousands other systems require.
We operate in a mass market, in the cellular wireless mass market, compared to the niche satellite markets that other systems
play with, and an expected subscriber&mdash;this is a mass service, with expected 373 million subscribers by 2027.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">When you compare
valuations or enterprise values for other&mdash;expected valuations or enterprise values for other systems and compare it with
ours, at this entry point, we believe that we have a tremendous run rate to grow and significant value-creation for our investors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Page 20.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">The technology
is clearly differentiated. We have over 750 patent claims and that allowed us to differentiate our product, primarily by allowing
direct connectivity to the handset. We can do that&mdash;we will be able to do that in 2G, 3G, 4G and 5G phones without any modification
of any kind to the phone, provide seamless connectivity between the phone and our satellite as people move between land networks
and space network, and we provide true global 4G, 5G speeds on land, on land, at sea and in flight.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"><B>Alex Coleman</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Thank you, Abel,
for presenting the AST story.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Moving to Slide
34, the transaction will be funded by a combination of $232 million of cash in trust and a committed PIPE from a combination of
existing strategic partners and new institutional investors. This transaction is expected to add over $400 million to AST&rsquo;s
balance sheet, completely funding our Phase 1 constellation of satellites, and will pave the way for positive cash flow generation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">This transaction
also grants the founder 10:1 supermajority shares, and subjects existing shareholders to a 12-month lockup. Additionally, employee
stock options will be subject to a 24-month lockup. The combined entity will be 43% owned by AST&rsquo;s founder, 29% by existing
AST shareholders, and 28% by public investors and the sponsor.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">The pro forma enterprise
value of this combined company is priced at $1.4 billion, which translates to a 2024 projected EBITDA multiple of 1.4 times.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">While there is
no perfect comparable company or composite of companies matching AST&rsquo;s business, growth or margins, we believe AST compares
favorably on any metric and the transaction is very attractively priced.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">On Slide 38, and
the conclusion, Gary, James and myself, and the whole New Providence team, could not be more excited to partner with Abel and
the AST team. We are confident that this is a terrific opportunity at a compelling valuation, with an experienced Management Team
about to embark on a massive growth story that will change lives around the world in a very profound way.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: Black">Thank you.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: left"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: left"><FONT STYLE="color: Black"><I></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black"><I>Additional
Information</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black">NPA intends
to file a preliminary proxy statement with the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;) in connection with
the proposed Business Combination, NPA will mail the definitive proxy statement and other relevant documents to its stockholders.
This communication does not contain all the information that should be considered concerning the Business Combination. It is not
intended to provide the basis for any investment decision or any other decision in respect to the proposed Business Combination.
<B>NPA&rsquo;s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement,
any amendments thereto, and the definitive proxy statement in connection with NPA&rsquo;s solicitation of proxies for the special
meeting to be held to approve the Business Combination as these materials will contain important information about AST and NPA
and the proposed the Business Combination. </B>The definitive proxy statement will be mailed to the stockholders of NPA as of
a record date to be established for voting on the Business Combination. Such stockholders will also be able to obtain copies of
the proxy statement, without charge, once available, at the SEC&rsquo;s website at http://www.sec.gov.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black"><I>Participants
in the Solicitation</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black">NPA, Sponsor
and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed
to be participants in the solicitation of proxies of NPA&rsquo;s stockholders in connection with the Business Combination.<B>&nbsp;Investors
and security holders may obtain more detailed information regarding the names and interests in the Business Combination of NPA&rsquo;s
directors and officers in NPA&rsquo;s filings with the SEC, including NPA&rsquo;s Annual Report on Form&nbsp;10-K&nbsp;for the
fiscal year ended December&nbsp;31, 2019, which was filed with the SEC on March 30, 2020, and such information and names of AST&rsquo;s
directors and executive officers will also be in the proxy statement of NPA for the Business Combination.</B> Stockholders can
obtain copies of NPA&rsquo;s filings with the SEC, without charge, at the SEC&rsquo;s website at www.sec.gov.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black">AST SpaceMobile
and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from NPA&rsquo;s
stockholders in connection with the Business Combination. A list of the names of such directors and executive officers and information
regarding their interests in the Business Combination will be included in the proxy statement for the Business Combination when
available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black"><I>No
Offer or Solicitation</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black">This communication
is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for
or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor
shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of
securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933,
as amended, and otherwise in accordance with applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black"><I>Forward-Looking
Statements</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black">This communication
includes &ldquo;forward-looking statements&rdquo; within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Exchange Act that are not historical facts and involve risks and uncertainties that could cause actual results to differ
materially from those expected and projected. All statements, other than statements of historical fact contained in this communication
including, without limitation, statements regarding NPA&rsquo;s or AST&rsquo;s financial position, business strategy and the plans
and objectives of management for future operations; anticipated financial impacts of the Business Combination; the satisfaction
of the closing conditions to the Business Combination; and the timing of the completion of the Business Combination, are forward-looking
statements. Words such as &ldquo;expect,&rdquo; &ldquo;believe,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo;
&ldquo;seek&rdquo; and variations and similar words and expressions are intended to identify such forward-looking statements.
Such forward-looking statements relate to future events or future performance, but reflect management&rsquo;s current beliefs,
based on information currently available.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-align: justify"><FONT STYLE="color: Black">These forward-looking
statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected
results. Most of these factors are outside NPA&rsquo;s and AST&rsquo;s control and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could
give rise to the termination of the Equity Purchase Agreement or could otherwise cause the Business Combination to fail to close;
(ii) the outcome of any legal proceedings that may be instituted against NPA and AST following the execution of the Equity Purchase
Agreement and the Business Combination; (iii) any inability to complete the Business Combination, including due to failure to
obtain approval of the stockholders of NPA or other conditions to closing in the Equity Purchase Agreement; (iv) the receipt of
an unsolicited offer from another party for an alternative business transaction that could interfere with the Business Combination;
(v) the inability to maintain the listing of the shares of common stock of the post-acquisition company on The Nasdaq Stock Market
following the Business Combination; (vi) the risk that the Business Combination disrupts current plans and operations as a result
of the announcement and consummation of the Business Combination; (vii) the ability to recognize the anticipated benefits of the
Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and
manage growth profitably and retain its key employees; (viii) costs related to the Business Combination; (ix) changes in applicable
laws or regulations; (x) the possibility that AST or the combined company may be adversely affected by other economic, business,
and/or competitive factors; and (xi) other risks and uncertainties indicated in the proxy statement, including those under the
section entitled &ldquo;Risk Factors&rdquo;, and in NPA&rsquo;s other filings with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black">NPA cautions
that the foregoing list of factors is not exclusive. NPA cautions readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. For information identifying important factors that could cause actual results
to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors section of NPA&rsquo;s
Annual Report on Form 10-K filed with the SEC. NPA&rsquo;s securities filings can be accessed on the EDGAR section of the SEC&rsquo;s
website at www.sec.gov. Except as expressly required by applicable securities law, NPA disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"></FONT></P>

<!-- Field: Page; Sequence: 8; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
