Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 203

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 203
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) any amounts drawn on the Revolving Credit Facility. |

| (k) | “Total Investor Return” means the sum of (i) the repayment of Invested Capital and payment of accrued “paid in kind” interest and (ii) (a) the product of (A) the New Investor Shares multiplied by (B) the Stock Price minus (b) the Dilutive Shares Value. |

| C-8Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS

APPENDIX D PROPOSED TEXT OF THE FORM OF CERTIFICATE OF AMENDMENT TO AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF WHEELS UP EXPERIENCE INC. (REVERSE STOCK SPLIT AND AUTHORIZED SHARE REDUCTION) PURSUANT TO SECTION 242 OF THE GENERAL CORPORATION LAW OF THE STATE OF DELAWARE [•] Wheels Up Experience Inc., a corporation organized under the laws of the State of Delaware (the “ Corporation”), does hereby certify as follows:

| 1. | The name of the Corporation is “Wheels Up Experience Inc.” |

| 3. | This Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Corporation amends the existing Amended and Restated Certificate of Incorporation of the Corporation, effective immediately after the close of trading on The New York Stock Exchange on [•] (the “Effective Time”). |

| 4. | The amendment set forth in this Certificate of Amendment to Amended and Restated Certificate of Incorporation was duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of Delaware. |

| 5. | The text of Section 4.1 of the Amended and Restated Certificate of Incorporation is amended in its entirety and shall be replaced with the following, effective as of the Effective Time: |

Section 4.1 Authorized Capital Stock.

| (a) | The total number of shares of all classes of capital stock, each with a par value of $0.0001 per share, which the Corporation is authorized to issue, is [•]1shares, consisting of (i) [•]2shares of Class A common stock (“Class A Common Stock”), and (ii) 25,000,000 shares of preferred stock (“Preferred Stock”). The number of authorized shares of Class A Common Stock or Preferred Stock may be increased or decreased (but not below the number of shares of such class or