Company: UP
Filing Date: 2025-06-11
Form Type: S-8
Source: 0001104659-25-058557
Chunk: 5

Company: Wheels Up Experience Inc.
Filing Date: 2025-06-11
Form: S-8
Chunk 5
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.

The Company entered, and expects
to continue to enter into, indemnification agreements with its directors and executive officers. Each indemnification agreement provides
for indemnification and advancement by the Company of certain expenses and costs, if the basis of the indemnitee’s involvement was
by reason of the fact that the indemnitee is or was a director, officer, employee or agent of the Company or any of its subsidiaries or
was serving at the Company’s request in an official capacity for another entity, to the fullest extent permitted by the laws of
the state of Delaware.

The Company maintains standard
insurance policies that provide coverage to its directors and officers against loss rising from claims made by reason of breach of duty
or other wrongful act and with respect to indemnification payments that the Company may make to such directors and officers.

| Item 7. | Exemption from Registration Claimed. |

| Not applicable. |

<div align='center'>II-2</div>

| Item 8. | Exhibits. |

The following exhibits are filed as part of this
Registration Statement:

| Exhibit 
 Number  
 4.1     
 4.2     |     | Description of Documents                                                                                                                                                                                                                                                                    
 Amended and Restated Certificate                                                                                                                                                                                                                                                            
 of Incorporation of Wheels Up Experience Inc., filed on November 15, 2023 (incorporated by reference to Exhibit 3.1                                                                                                                                                                         
 to the Registrant’s Current Report on Form 8-K, filed with the SEC on November 16, 2023)                                                                                                                                                                                                    
 Amended and Restated By-Laws                                                                                                                                                                                                                                                                
 of Wheels Up Experience Inc., effective as of November 15, 2023 (incorporated by reference to Exhibit 3.2 to                                                                                                                                                                                
 the Registrant's Annual Report on Form 10-K, filed with the SEC on March 7, 2024)                                                                                                                                                                                                           |
|:--------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.1*    |     | Opinion of Troutman Pepper Locke LLP                                                                                                                                                                                                                                                        |
| 23.1*   |     | Consent of Grant Thornton LLP, independent registered public accounting firm for Wheels Up Experience Inc.                                                                                                                                                                                  |
| 23.2*   |     | Consent of Troutman Pepper Locke LLP (included as part of Exhibit 5.1)                                                                                                                                                                                                                      |
| 24.1*   |     | Power of Attorney (contained on the signature page of this registration statement)                                                                                                                                                                                                          |
|