Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 37

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 37
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 purchase any of our securities under the Organizational
Documents. Shares of Common Stock are neither convertible nor redeemable. In addition, there are no redemption rights with respect
to shares of Common Stock. The Organizational Documents generally do not impose any restrictions on alienability of shares of Common
Stock. All shares of our capital stock have been issued in uncertificated form.

Pursuant to the WUP Holdings
Company Agreement, if we issue shares of Common Stock or other equity securities, generally, WUP Holdings is required to issue to us
an equal number of common units of WUP Holdings (if we issue shares of Common Stock) or an equal number of equity securities of WUP Holdings
corresponding to the equity securities we issued (if we issue securities other than Common Stock), and we are required to concurrently
contribute to WUP Holdings the net proceeds or other property received by us, if any, for such shares of Common Stock or other equity
securities.

Stockholder Voting Rights and Quorum

Except as described below
with respect to the Investor Rights Agreement, each holder of shares of Common Stock is entitled to one vote per share on each matter
submitted to a vote of stockholders, as provided in the Certificate of Incorporation. The By-Laws provide that the holders of a majority
of the capital stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy (which, for the avoidance
of doubt and to the fullest extent permitted by law, excludes any Excess Shares (as defined herein) or shares which the Company
and any stockholder have agreed in writing are not be entitled to vote or considered outstanding for the purposes of any vote of the
Company’s stockholders at a meeting), will constitute a quorum at all meetings of the stockholders for the transaction of business.
However, when specified business is to be voted on by a class or series of stock voting as a class, the holders of shares representing
a majority of the voting power of the outstanding shares of such class or series shall constitute a quorum of such class or series for
the transaction of such business. When a quorum is present, the affirmative vote of a majority of the votes cast will be required to
take action, unless otherwise specified by law, the By-Laws, the Certificate of Incorporation or applicable stock exchange rules, and
except for the election of directors, which is determined by a plurality vote of the votes cast.

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Stockholder Consent Rights