Company: UP
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085149
Chunk: 82

Company: Wheels Up Experience Inc.
Filing Date: 2025-08-29
Form: 424B5
Chunk 82
---
 holders do not
have the rights or privileges of holders of shares of Common Stock and any voting rights until they exercise their warrants and receive
shares of Common Stock. After the issuance of shares of Common Stock upon exercise of the warrants, each holder will be entitled to one
vote for each share held of record on all matters to be voted on by stockholders.

| 29 |

Subject to applicable law,
any action, proceeding or claim against Wheels Up arising out of or relating in any way to the Warrant Agreement will be brought and
enforced in the courts of the State of New York or the U.S. District Court for the Southern District of New York, and Wheels Up has irrevocably
submitted to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding or claim. This provision
applies to claims under the Securities Act but does not apply to claims under the Exchange Act or any claim for which the federal
district courts of the United States are the sole and exclusive forum.

Private Placement Warrants

The private placement warrants
(including the shares of Common Stock issuable upon exercise of the private placement warrants) will not be redeemable by Wheels Up (except
as described above under “- Public Warrants - Redemption of warrants when the price per whole share of Common Stock equals or exceeds $100.00”) so long as they are held by the Sponsor or its permitted transferees. The Sponsor, or its
permitted transferees, have the option to exercise the private placement warrants on a cashless basis and have certain registration rights
described herein. Otherwise, the private placement warrants have terms and provisions that are identical to those of the public warrants.
If the private placement warrants are held by holders other than the Sponsor or its permitted transferees, the private placement warrants
will be redeemable by Wheels Up in all redemption scenarios and exercisable by the holders on the same basis as the public warrants.

Except as described above under“- Public Warrants - Redemption of warrants when the price per whole share of Common Stock equals or exceeds $100.00,” if holders of the private placement warrants elect to exercise them on a cashless
basis, they would pay the exercise price by surrendering his, her or its warrants for that number of shares of Common Stock equal to
the quotient obtained by dividing (i) the product of the number of shares of Common Stock underlying the warrants, multiplied by
the excess of the “sponsor fair market value” (as defined below