Company: UP
Filing Date: 2025-09-22
Form Type: 8-K
Source: 0001104659-25-091860
Chunk: 0

Company: Wheels Up Experience Inc.
Filing Date: 2025-09-22
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

OnSeptember 21, 2025
(the “ Amendment Date”), Wheels Up Experience Inc. (the “ Company”) entered into Amendment No. 3 to
Investment and Investor Rights Agreement (the “ Investor Rights Agreement Amendment”), with each of Delta Air
Lines, Inc. (“ Delta”), CK Wheels LLC (“ CK Wheels”), Cox Investment
Holdings, LLC (“ CIH” and, collectively with Delta and CK Wheels, the “ Lead Investors”), and each
of Kore Air LLC, Pandora Select Partners, L. P., Whitebox GT Fund, LP, Whitebox Multi-Strategy Partners, L. P.,
and Whitebox Relative Value Partners, L. P. (collectively, the “ Additional Investors” and, collectively with
the Lead Investors, the “ Investors”), to amend and extend, among others, certain transfer restrictions set forth in
the Investment and Investor Rights Agreement, dated September 20, 2023, by and among, the Company and the Investors (as
amended by Amendment No. 1 thereto, dated as of November 15, 2023, as further amended by Amendment No. 2
thereto, dated as of September 22, 2024, and as further amended by the Investor Rights Agreement Amendment, the
“ Investor Rights Agreement”). Pursuant to the Investor Rights Agreement Amendment: