Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 177

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 177
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 Paragraph A of Article III of the Plan is hereby deleted in its entirety and replaced with the following: |

| A. | The aggregate number of Shares as to which Awards may be granted from time to time shall be 60,149,682 Shares (subject to adjustment for stock splits, stock dividends, and other adjustments described in Article XIX hereof). The aggregate number of Shares as to which Incentive Options may be granted from time to time shall not exceed 60,149,682 (subject to adjustment for stock splits, stock dividends and other adjustments described in Article XIX hereof). The Share amounts listed in this Paragraph A reflect all adjustments made as a result of the 1-for-10 reverse stock split of the Shares and proportionate reduction in the number of authorized shares of Shares completed on June 7, 2023. |

| 2. | Article XXI of the Plan is hereby deleted in its entirety and replaced with the following: |

| XXI. | TERMINATION OF THE PLAN |

The Plan shall terminate ten (10) years from March 26, 2025. The Plan may be terminated at an earlier date by vote of the stockholders or the Board; provided, however, that any such earlier termination shall not affect any Award Agreements executed prior to the effective date of such termination. Notwithstanding anything in this Plan to the contrary, any Options granted prior to the effective date of the Plan’s termination may be exercised until the earlier of (i) the date set forth in the Award Agreement, and (ii) in the case of an Incentive Option, ten (10) years from the date the Option is granted; and the provisions of the Plan with respect to the full and final authority of the Committee under the Plan shall continue to control.

| 3. | This Amendment shall be governed by the laws of the State of Delaware and construed in accordance therewith. |

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of StockholdersA-1 |

TABLE OF CONTENTS

APPENDIX B TEXT OF THE CCO PERFORMANCE PLAN WHEELS UP EXPERIENCE INC. PERFORMANCE AWARD AGREEMENT This Performance Award Agreement (this “ Agreement”) is made as of May 20, 2024 (the “ Grant Date”), between Wheels Up Experience Inc., a Delaware corporation (the “ Company”), and David Harvey (the “ Grantee”). WHEREAS, the Company desires to grant to the Grantee an award that is subject to both service and performance