Document:

Exhibit 10.2

 

SPONSOR SUPPORT AGREEMENT

 

This Sponsor Support
Agreement (this “Sponsor Agreement”) is dated as of February 1, 2021, by and among Aspirational Consumer
Lifestyle Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor Holdco”), the Persons set forth
on Schedule I attached hereto (together with the Sponsor Holdco, each, a “Sponsor” and, together, the
 “Sponsors”), Aspirational Consumer Lifestyle Corp., a Cayman Islands exempted company limited by shares (which
shall domesticate as a Delaware corporation prior to the Closing (as defined in the Merger Agreement (as defined below))) (“Acquiror”),
and Wheels Up Partners Holdings LLC, a Delaware limited liability company (the “Company”). Capitalized terms
used but not defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement.

 

RECITALS

 

WHEREAS, as of the date
hereof, the Sponsors collectively are the holders of record and the “beneficial owners” (within the meaning of Rule 13d-3
under the Exchange Act) of 5,993,658 Acquiror Common Shares and 4,529,950 Acquiror Warrants in the aggregate as set forth on Schedule
I attached hereto;

 

WHEREAS,
contemporaneously with the execution and delivery of this Agreement, Acquiror, KittyHawk Merger Sub LLC, a Delaware limited
liability company and a direct wholly owned subsidiary of Acquiror (“Merger Sub”), Wheels Up Blocker Sub
LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Acquiror (“Blocker Sub”),
KittyHawk Blocker Sub I Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker
Merger Sub I”), KittyHawk Blocker Sub II Inc., a Delaware corporation and a direct wholly owned subsidiary of
Acquiror (“Blocker Merger Sub II”), KittyHawk Blocker Sub III Inc., a Delaware corporation and a direct
wholly owned subsidiary of Acquiror (“Blocker Merger Sub III”), KittyHawk Blocker Sub IV Inc., a Delaware
corporation and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub IV”), KittyHawk Blocker
Sub V Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub
V”), KittyHawk Blocker Sub VI Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror
(“Blocker Merger Sub VI”), KittyHawk Blocker Sub VII Inc., a Delaware corporation and a direct wholly
owned subsidiary of Acquiror (“Blocker Merger Sub VII”), KittyHawk Blocker Sub VIII Inc., a Delaware
corporation and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub VIII”), KittyHawk
Blocker Sub IX Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub
IX”, and together with Blocker Merger Sub I, Blocker Merger Sub II, Blocker Merger Sub III, Blocker Merger Sub IV,
Blocker Merger Sub V, Blocker Merger Sub VI, Blocker Merger Sub VII, Blocker Merger Sub VIII, the “Blocker Merger
Subs”), Wheels Up NHF LLC, a Delaware limited liability company (“WUNHF Blocker”), Wheels Up NHT
LLC, a Delaware limited liability company (“WUNHT Blocker”), Wheels Up USET LLC, a Delaware limited
liability company (“WUUSET Blocker”), GRTHCOCP WU Holdings LLC, a Delaware limited liability company
(“GRTHCOCP Blocker”), FSGRWCO WU Holdings LLC, a Delaware limited liability company (“FSGRWCO
Blocker”), GROWTHCO WU Holdings LLC, a Delaware limited liability company (“GROWTHCO Blocker”),
OTC WU Holdings LLC, a Delaware limited liability company (“OTC Blocker”), NEA 15 Wheels Up Holdings, LLC,
a Delaware limited liability company (“NEA15 Blocker”), DPJ Holdco Inc., a Delaware corporation
(“DPJ Blocker”, and together with the WUNHF Blocker, the WUNHT Blocker, the WUUSET Blocker, the GRTHCOCP
Blocker, the FSGRWCO Blocker, the GROWTHCO Blocker, the OTC Blocker and the NEA15 Blocker, the
 “Blockers”), and the Company have entered into an Agreement and Plan of Merger (as amended or modified
from time to time, the “Merger Agreement”), dated as of the date hereof, pursuant to which, among other
transactions, (A) simultaneously (i) Blocker Merger Sub I is to merge with and into WUNHF Blocker, the separate
entity existence of Blocker Merger Sub I to cease and WUNHF Blocker to be the surviving entity and a wholly owned subsidiary
of Acquiror, (ii) Blocker Merger Sub II is to merge with and into WUNHT Blocker, the separate entity existence of
Blocker Merger Sub II to cease and WUNHT Blocker to be the surviving entity and a wholly owned subsidiary of Acquiror,
(iii) Blocker Merger Sub III is to merge with and into WUUSET Blocker, the separate entity existence of Blocker Merger
Sub III to cease and WUUSET Blocker to be the surviving entity and a wholly owned subsidiary of Acquiror, (iv) Blocker
Merger Sub IV is to merge with and into GRTHCOCP Blocker, the separate entity existence of Blocker Merger Sub IV to cease and
GRTHCOCP Blocker to be the surviving entity and a wholly owned subsidiary of Acquiror, (v) Blocker Merger Sub V is to
merge with and into FSGRWCO Blocker, the separate entity existence of Blocker Merger Sub V to cease and FSGRWCO Blocker to be
the surviving entity and a wholly owned subsidiary of Acquiror, (vi) Blocker Merger Sub VI is to merge with and into
GROWTHCO Blocker, the separate entity existence of Blocker Merger Sub VI to cease and GROWTHCO Blocker to be the surviving
entity and a wholly owned subsidiary of Acquiror, (vii) Blocker Merger Sub VII is to merge with and into OTC Blocker,
the separate entity existence of Blocker Merger Sub VII to cease and OTC Blocker to be the surviving entity and a wholly
owned subsidiary of Acquiror, (viii) Blocker Merger Sub VIII is to merge with and into NEA15 Blocker, the separate
entity existence of Blocker Merger Sub VIII to cease and NEA15 Blocker to be the surviving entity and a wholly owned
subsidiary of Acquiror, and (ix) Blocker Merger Sub IX is to merge with and into DPJ Blocker, the separate entity
existence of Blocker Merger Sub IX to cease and DPJ Blocker to be the surviving entity and a wholly owned subsidiary of
Acquiror, (B) thereafter, each of the surviving Blockers is to simultaneously merge with and into Blocker Sub, with
Blocker Sub as the surviving entity, and (C) thereafter, Merger Sub is to merge with and into the Company, with the
Company continuing on as the surviving entity with Acquiror as its managing member, in each case, on the terms and conditions
set forth therein; and

 

     

     

    

 

WHEREAS, as an inducement
to Acquiror and the Company to enter into the Merger Agreement and to consummate the transactions contemplated therein, the parties
hereto desire to agree to certain matters as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby
agree as follows:

 

ARTICLE I

SPONSOR SUPPORT AGREEMENT; COVENANTS

 

Section 1.1        Binding
Effect of Merger Agreement. Each Sponsor hereby acknowledges that it has read the Merger Agreement and this Sponsor Agreement
and has had the opportunity to consult with its tax and legal advisors. Each Sponsor shall be bound by and comply with Sections
8.4 (No Solicitation by Acquiror) and 12.12 (Publicity) of the Merger Agreement (and any relevant definitions contained
in any such Sections) as if such Sponsor was an original signatory to the Merger Agreement with respect to such provisions.

 

    2

     

    

 

Section 1.2        No
Transfer. During the period commencing on the date hereof and ending on the earlier of (a) the Effective Time and (b) such
date and time as the Merger Agreement shall be terminated in accordance with Section 11.1 thereof (the earlier of clauses
(a) and (b), the “Expiration Time”), each Sponsor shall not (i) sell, offer to sell, contract or
agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly,
file (or participate in the filing of) a registration statement with the SEC (other than the Proxy Statement/Registration Statement)
or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16
of the Exchange Act, with respect to any Acquiror Common Shares or Acquiror Warrants owned by such Sponsor, (ii) enter into
any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of
any shares of Acquiror Common Shares or Acquiror Warrants owned by such Sponsor or (iii) publicly announce any intention
to effect any transaction specified in clause (i) or (ii).

 

Section 1.3        New
Shares. In the event that (a) any Acquiror Common Shares, Acquiror Warrants or other equity securities of Acquiror are
issued to a Sponsor after the date of this Sponsor Agreement pursuant to any stock dividend, stock split, recapitalization, reclassification,
combination or exchange of Acquiror Common Shares or Acquiror Warrants of, on or affecting the Acquiror Common Shares or Acquiror
Warrants owned by such Sponsor or otherwise, (b) a Sponsor purchases or otherwise acquires beneficial ownership of any Acquiror
Common Shares, Acquiror Warrants or other equity securities of Acquiror after the date of this Sponsor Agreement, or (c) a
Sponsor acquires the right to vote or share in the voting of any Acquiror Common Shares or other equity securities of Acquiror
after the date of this Sponsor Agreement (such Acquiror Common Shares, Acquiror Warrants or other equity securities of Acquiror,
collectively the “New Securities”), then such New Securities acquired or purchased by such Sponsor shall be
subject to the terms of this Sponsor Agreement to the same extent as if they constituted the Acquiror Common Shares or Acquiror
Warrants owned by such Sponsor as of the date hereof.

 

Section 1.4        Closing
Date Deliverables. On the Closing Date, the Sponsor Holdco shall, and shall cause the Director Holders (as defined therein)
to, deliver to Acquiror and the Company a duly executed copy of that certain Amended and Restated Registration Rights Agreement,
by and among Acquiror, the Sponsor Holdco, the Major Company Equityholders, and certain of their respective Affiliates, as applicable,
and the other Holders (as defined therein) party thereto, in substantially the form attached as Exhibit D to the Merger Agreement.

 

Section 1.5        Sponsor
Agreements.

 

(a)      At
any meeting of the shareholders of Acquiror, however called, or at any adjournment thereof, or in any other circumstance in which
the vote, consent or other approval of the shareholders of Acquiror is sought, each Sponsor shall (i) appear at each such
meeting or otherwise cause all of its Acquiror Common Shares to be counted as present thereat for purposes of calculating a quorum
and (ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed
and delivered) covering, all of its Acquiror Common Shares:

 

    3

     

    

 

(i)            in
favor of each Transaction Proposal;

 

(ii)           against
any Business Combination Proposal or any proposal relating to a Business Combination Proposal (in each case, other than the Transaction
Proposals);

 

(iii)          against
any merger agreement or merger, consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution,
liquidation or winding up of or by Acquiror (other than the Merger Agreement and the transactions contemplated thereby);

 

(iv)         against
any change in the business, management or Board of Directors of Acquiror (other than in connection with the Transaction Proposals);
and

 

(v)          against
any proposal, action or agreement that would (A) impede, frustrate, prevent or nullify any provision of this Agreement, the
Merger Agreement or any Merger, (B) result in a breach in any respect of any covenant, representation, warranty or any other
obligation or agreement of Acquiror, Blocker Sub, Merger Sub or any of the Blocker Merger Subs under the Merger Agreement, (C) result
in any of the conditions set forth in Article X of the Merger Agreement not being fulfilled or (D) change in any manner
the dividend policy or capitalization of, including the voting rights of any class of capital stock of, Acquiror.

 

Each Sponsor hereby
agrees that it shall not commit or agree to take any action inconsistent with the foregoing.

 

(b)      Each
Sponsor shall comply with, and fully perform all of its obligations, covenants and agreements set forth in, that certain Letter
Agreement, dated as of September 22, 2020, by and among the Sponsors and Acquiror (the “Voting Letter Agreement”),
including the obligations of the Sponsors pursuant to Section 1 therein to not redeem any Acquiror Common Shares owned by
such Sponsor in connection with the transactions contemplated by the Merger Agreement.

 

(c)      During
the period commencing on the date hereof and ending on the earlier of the consummation of the Closing and the termination of the
Merger Agreement pursuant to Article XI thereof, each Sponsor shall not modify or amend any Contract between or among such
Sponsor, anyone related by blood, marriage or adoption to such Sponsor or any Affiliate of such Sponsor (other than Acquiror or
any of its Subsidiaries), on the one hand, and Acquiror or any of Acquiror’s Subsidiaries, on the other hand, including,
for the avoidance of doubt, the Voting Letter Agreement.

 

Section 1.6        Further
Assurances. Each Sponsor shall take, or cause to be taken, all actions and do, or cause to be done, all things reasonably
necessary under applicable Laws to consummate the Mergers and the other transactions contemplated by the Merger Agreement on the
terms and subject to the conditions set forth therein and herein.

 

    4

     

    

 

Section 1.7        No
Inconsistent Agreement. Each Sponsor hereby represents and covenants that such Sponsor has not entered into, and shall not
enter into, any agreement that would restrict, limit or interfere with the performance of such Sponsor’s obligations hereunder.

 

ARTICLE II

REPRESENTATIONS AND WARRANTIES

 

Section 2.1        Representations
and Warranties of the Sponsors. Each Sponsor represents and warrants as of the date hereof to Acquiror and the Company (solely
with respect to itself, himself or herself and not with respect to any other Sponsor) as follows:

 

(a)       Organization;
Due Authorization. If such Sponsor is not an individual, it is duly organized, validly existing and in good standing under
the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance
of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Sponsor’s corporate,
limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability
company or organizational actions on the part of such Sponsor. If such Sponsor is an individual, such Sponsor has full legal capacity,
right and authority to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder. This Sponsor
Agreement has been duly executed and delivered by such Sponsor and, assuming due authorization, execution and delivery by the other
parties to this Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Sponsor, enforceable
against such Sponsor in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar
Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and
other equitable remedies). If this Sponsor Agreement is being executed in a representative or fiduciary capacity, the Person signing
this Sponsor Agreement has full power and authority to enter into this Sponsor Agreement on behalf of the applicable Sponsor.

 

(b)      Ownership.
Such Sponsor is the record and beneficial owner (as defined in the Securities Act) of, and has good title to, all of such Sponsor’s
Acquiror Common Shares and Acquiror Warrants, and there exist no Liens or any other limitation or restriction (including any restriction
on the right to vote, sell or otherwise dispose of such Acquiror Common Shares or Acquiror Warrants (other than transfer restrictions
under the Securities Act)) affecting any such Acquiror Common Shares or Acquiror Warrants, other than Liens pursuant to (i) this
Sponsor Agreement, (ii) the Acquiror’s Governing Documents, (iii) the Merger Agreement, (iv) the Voting Letter
Agreement or (v) any applicable securities Laws. Such Sponsor’s Acquiror Common Shares and Acquiror Warrants are the
only equity securities in Acquiror owned of record or beneficially by such Sponsor on the date of this Sponsor Agreement, and none
of such Sponsor’s Acquiror Common Shares or Acquiror Warrants are subject to any proxy, voting trust or other agreement or
arrangement with respect to the voting of such Acquiror Common Shares or Acquiror Warrants, except as provided hereunder and under
the Voting Letter Agreement. Other than the Acquiror Warrants, such Sponsor does not hold or own any rights to acquire (directly
or indirectly) any equity securities of Acquiror or any equity securities convertible into, or which can be exchanged for, equity
securities of Acquiror.

 

    5

     

    

 

(c)       No
Conflicts. The execution and delivery of this Sponsor Agreement by such Sponsor does not, and the performance by such Sponsor
of his, her or its obligations hereunder will not, (i) if such Sponsor is not an individual, conflict with or result in a
violation of the organizational documents of such Sponsor or (ii) require any consent or approval that has not been given
or other action that has not been taken by any Person (including under any Contract binding upon such Sponsor or such Sponsor’s
Acquiror Common Shares or Acquiror Warrants), in each case, to the extent such consent, approval or other action would prevent,
enjoin or materially delay the performance by such Sponsor of its, his or her obligations under this Sponsor Agreement.

 

(d)      Litigation.
There are no Actions pending against such Sponsor, or to the knowledge of such Sponsor threatened against such Sponsor, before
(or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner
challenges or seeks to prevent, enjoin or materially delay the performance by such Sponsor of its, his or her obligations under
this Sponsor Agreement.

 

(e)       Brokerage
Fees. Except as described on Section 6.13 of the Acquiror Disclosure Letter, no broker, finder, investment banker or other
Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated
by the Merger Agreement based upon arrangements made by such Sponsor, for which Acquiror or any of its Affiliates may become liable.

 

(f)       Affiliate
Arrangements. Except as set forth on Schedule II attached hereto, neither such Sponsor nor any anyone related by blood,
marriage or adoption to such Sponsor or, to the knowledge of such Sponsor, any Person in which such Sponsor has a direct or indirect
legal, contractual or beneficial ownership of 5% or greater is party to, or has any rights with respect to or arising from, any
Contract with Acquiror or its Subsidiaries.

 

(g)      Foreign
Status. Such Sponsor is not a foreign person (as defined in 31 C.F.R. Part 800.224) in which the national or subnational
governments of a single foreign state have a voting interest, direct or indirect, of 49% or more.

 

(h)      Acknowledgment.
Such Sponsor understands and acknowledges that each of Acquiror and the Company is entering into the Merger Agreement in reliance
upon such Sponsor’s execution and delivery of this Sponsor Agreement.

 

ARTICLE III

MISCELLANEOUS

 

Section 3.1        Termination.
This Sponsor Agreement and all of its provisions shall terminate and be of no further force or effect upon the earlier of (a) the
Expiration Time and (b) the written agreement of the Sponsors, Acquiror and the Company. Upon such termination of this Sponsor
Agreement, all obligations of the parties under this Sponsor Agreement will terminate, without any liability or other obligation
on the part of any party hereto to any Person in respect hereof or the transactions contemplated hereby, and no party hereto shall
have any claim against another (and no person shall have any rights against such party), whether under contract, tort or otherwise,
with respect to the subject matter hereof; provided, however, that the termination of this Sponsor Agreement shall not relieve
any party hereto from liability arising in respect of any breach of this Sponsor Agreement prior to such termination. This ARTICLE III
shall survive the termination of this Agreement.

 

    6

     

    

 

Section 3.2        Governing
Law. This Sponsor Agreement, and all claims or causes of action (whether in contract or tort) that may be based upon, arise
out of or relate to this Sponsor Agreement or the negotiation, execution or performance of this Sponsor Agreement (including any
claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with
this Sponsor Agreement) will be governed by and construed in accordance with the internal Laws of the State of Delaware applicable
to agreements executed and performed entirely within such State.

 

Section 3.3        CONSENT
TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL.

 

(a)       THE
PARTIES TO THIS SPONSOR AGREEMENT SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE COURTS LOCATED IN WILMINGTON, DELAWARE OR THE
COURTS OF THE UNITED STATES LOCATED IN WILMINGTON, DELAWARE IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS
OF THIS SPONSOR AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH AND BY THIS
SPONSOR AGREEMENT WAIVE, AND AGREE NOT TO ASSERT, ANY DEFENSE IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS SPONSOR
AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH, THAT THEY ARE NOT SUBJECT
THERETO OR THAT SUCH ACTION MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SUCH COURTS OR THAT THIS SPONSOR AGREEMENT MAY NOT
BE ENFORCED IN OR BY SUCH COURTS OR THAT THEIR PROPERTY IS EXEMPT OR IMMUNE FROM EXECUTION, THAT THE ACTION IS BROUGHT IN AN INCONVENIENT
FORUM, OR THAT THE VENUE OF THE ACTION IS IMPROPER. SERVICE OF PROCESS WITH RESPECT THERETO MAY BE MADE UPON ANY PARTY TO
THIS SPONSOR AGREEMENT BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS
AS PROVIDED IN Section 3.8.

 

(b)      WAIVER
OF TRIAL BY JURY. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SPONSOR
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF
OR RELATING TO THIS SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SPONSOR AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES
THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND
HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH SUCH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS SPONSOR AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
Section 3.3.

 

    7

     

    

 

Section 3.4        Assignment.
This Sponsor Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and
their respective heirs, successors and permitted assigns. Neither this Sponsor Agreement nor any of the rights, interests or obligations
hereunder will be assigned (including by operation of law) without the prior written consent of the parties hereto.

 

Section 3.5        Specific
Performance. The parties hereto agree that irreparable damage may occur in the event that any of the provisions of this Sponsor
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that
the parties hereto shall be entitled to seek an injunction or injunctions to prevent breaches of this Sponsor Agreement and to
enforce specifically the terms and provisions of this Sponsor Agreement in the chancery court or any other state or federal court
within the State of Delaware, this being in addition to any other remedy to which such party is entitled at law or in equity.

 

Section 3.6        Amendment.
This Sponsor Agreement may not be amended, changed, supplemented, waived or otherwise modified or terminated, except upon the
execution and delivery of a written agreement executed by Acquiror, the Company and the Sponsor Holdco.

 

Section 3.7        Severability.
If any provision of this Sponsor Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other
provisions of this Sponsor Agreement will remain in full force and effect. Any provision of this Sponsor Agreement held invalid
or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

Section 3.8        Notices.
All notices and other communications among the parties hereto shall be in writing and shall be deemed to have been duly given
(a) when delivered in person, (b) when delivered after posting in the United States mail having been sent registered
or certified mail return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight
delivery service or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business
Day), addressed as follows:

 

    8

     

    

 

If
to Acquiror:

Aspirational Consumer Lifestyle Corp.

1 Kim Seng Promenade

#18-07/12 Great World City

Singapore
237994

	Attention:	Gilbert Ong
	Email:	gilbert.ong@turmericap.com

 

with a copy to (which will not constitute notice):

 

Skadden,
Arps, Slate, Meagher & Flom LLP

One Manhattan West

New York, New York 10001

	Attention:	Howard L. Ellin
	 	Christopher M. Barlow
	Email:	howard.ellin@skadden.com
	 	christopher.barlow@skadden.com

 

If
to the Company:

 

Wheels Up Partners Holdings LLC

601 West 26th Street

New York, New York 10001

	Attention:	Jason Horowitz
	Email:	jhorowitz@wheelsup.com

 

with a copy to (which shall not
constitute notice):

 

Arnold & Porter Kaye
Scholer LLP

250 West 55th Street

New
York, New York 10019

	Attention:	Thomas Yadlon
	 	John Geelan
	Email:	thomas.yadlon@arnoldporter.com
	 	john.geelan@arnoldporter.com

 

If
to a Sponsor:

 

To such Sponsor’s address set forth in Schedule
I attached hereto with a copy to (which will not constitute notice):

 

Skadden,
Arps, Slate, Meagher & Flom LLP

One Manhattan West

New York, New York 10001

	Attention:	Howard L. Ellin
	 	Christopher M. Barlow
	Email:	howard.ellin@skadden.com
	 	christopher.barlow@skadden.com

 

    9

     

    

 

Section 3.9        Counterparts.
This Sponsor Agreement may be executed in two or more counterparts (any of which may be delivered by electronic transmission),
each of which shall constitute an original, and all of which taken together shall constitute one and the same instrument.

 

Section 3.10      Entire
Agreement. This Sponsor Agreement and the agreements referenced herein constitute the entire agreement and understanding of
the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements or representations
by or among the parties hereto to the extent they relate in any way to the subject matter hereof.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY
BLANK]

 

    10

     

    

 

 

IN WITNESS WHEREOF,
the Sponsors, Acquiror and the Company have each caused this Sponsor Support Agreement to be duly executed as of the date first
written above.

 

	 	SPONSORS:
	 	 
	 	ASPIRATIONAL CONSUMER LIFESTYLE SPONSOR LLC
	 	 
	 	By:	/s/ Ravi Thakran
	 	 	Name: Ravi Thakran
	 	 	Title: Chief Executive Officer
	 	 
	 	LIBER PATER, LLC
	 	 
	 	By:	/s/ David McPherson
	 	Name:	David McPherson
	 	Title:	Secretary
	 	 
	 	/s/
    Ravi Thakran
	 	Name:	Ravi Thakran
	 	 
	 	/s/ Neil Jacobs
	 	Name:	Neil Jacobs
	 	 
	 	/s/ Frank Newman
	 	Name: 	Frank Newman
	 	 
	 	/s/ Leo Austin
	 	Name: 	Leo Austin

 

[Signature Page to Sponsor Support Agreement]

 

    

     

    

 

	 	ACQUIROR:
	 	 
	 	ASPIRATIONAL CONSUMER LIFESTYLE CORP.
	 	 
	 	 
	 	By:	/s/ Ravi
    Thakran
	 	 	Name: Ravi Thakran
	 	 	Title:   Chief Executive Officer

 

[Signature Page to Sponsor Support Agreement]

 

    

     

    

 

	 	COMPANY:
	 	 
	 	WHEELS UP PARTNERS HOLDINGS LLC
	 	 
	 	By:	 /s/ Kenneth Dichter
	 	 	Name: Kenneth Dichter
	 	 	Title:   Chief Executive Officer
	 	 

 

[Signature Page to Sponsor Support Agreement]

 

    

     

    

 

Schedule I

Sponsor Acquiror Common Shares and Acquiror
Warrants

 

	Sponsor 	Acquiror Common Shares	Acquiror Warrants
	
        Aspirational Consumer Lifestyle Sponsor LLC

         

        c/o Aspirational Consumer Lifestyle Corp.

        1 Kim Seng Promenade, #18-07/12 Great World City, Singapore
        237994
	5,918,658	4,529,950
	
        Ravi Thakran

         

        c/o Aspirational Consumer Lifestyle Corp.

        1 Kim Seng Promenade, #18-07/12 Great World City, Singapore
        237994
	—(1)	—(1)
	
        Liber Pater, LLC

         

        c/o L Catterton

        599 West Putnam Avenue, Greenwich, CT 06830
	—(1)	—(1)
	
        Neil Jacobs

         

        c/o Aspirational Consumer Lifestyle Corp.

        1 Kim Seng Promenade, #18-07/12 Great World City, Singapore
        237994
	25,000	—
	
        Frank Newman

         

        c/o Aspirational Consumer Lifestyle Corp.

        1 Kim Seng Promenade, #18-07/12 Great World City, Singapore
        237994
	25,000	—
	
        Leo Austin

         

        c/o Aspirational Consumer Lifestyle Corp.

        1 Kim Seng Promenade, #18-07/12 Great World City, Singapore
        237994
	25,000	—

 

(1) The
members of Aspirational Consumer Lifestyle Sponsor LLC are Dalvey Partners (BVI) Limited (which is controlled by Ravi Thakran)
and Liber Pater, LLC. Ravi Thakran and Liber Pater, LLC may be deemed to beneficially own securities held by Aspirational Consumer
Lifestyle Sponsor LLC by virtue of their shared control over Aspirational Consumer Lifestyle Sponsor LLC. Each of Mr. Thakran
and Liber Pater, LLC expressly disclaims beneficial ownership of securities held by Aspirational Consumer Lifestyle Sponsor LLC.

 

[Schedule I to Sponsor Support Agreement]

 

    

     

    

 

Schedule II

 

Affiliate Arrangements

 

		1.	Letter Agreement, dated September 22, 2020, among Acquiror, the Sponsor Holdco and Acquiror’s
officers and directors

		2.	Registration Rights Agreement, dated September 25, 2020, among Acquiror, the Sponsor Holdco
and certain other security holders named therein

		3.	Administrative Services Agreement, dated September 22, 2020, between Acquiror and the Sponsor
Holdco

		4.	Assignment and Assumption Agreement, dated as of December 31, 2020, by and between the Sponsor
Holdco and Turmeric Capital Singapore Pte Ltd.

		5.	Support Services Agreement, dated September 22, 2020, between Acquiror and Turmeric Capital
Singapore Pte Ltd.

		6.	Sponsor Warrants Purchase Agreement, dated September 22, 2020, between Acquiror and the Sponsor
Holdco

		7.	Indemnity Agreement, dated September 22, 2020, between Acquiror and Ravi Thakran

		8.	Indemnity Agreement, dated September 22, 2020, between Acquiror and Leo Austin

		9.	Indemnity Agreement, dated September 22, 2020, between Acquiror and Neil Jacobs

		10.	Indemnity Agreement, dated September 22, 2020, between Acquiror and Frank Newman

		11.	Upon the successful completion of a business combination or Acquiror’s liquidation, Acquiror
will also pay each of its independent directors $3,125 per month in the aggregate for his or her service to Acquiror. The fees
will be deferred and become payable only upon Acquiror’s consummation of a business combination or Acquiror’s liquidation.
The independent directors have waived their rights against Acquiror’s trust account with respect to such payment.

 

[Schedule II to Sponsor Support Agreement]Exhibit 10.3

 

EQUITYHOLDER SUPPORT AGREEMENT

 

This Equityholder Support
Agreement (this “Agreement”) is dated as of February 1, 2021, by and among Aspirational Consumer Lifestyle
Corp., a Cayman Islands exempted company limited by shares (which shall domesticate as a Delaware corporation prior to the Closing
(as defined in the Merger Agreement (as defined below))) (“Acquiror”), the Persons set forth on Schedule
I attached hereto (each, a “Company Equityholder”, and collectively, the “Company Equityholders”)
and Wheels Up Partners Holdings LLC, a Delaware limited liability company (the “Company”). Capitalized terms
used but not defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement (as defined below).

 

RECITALS

 

WHEREAS, as of the date
hereof, the Company Equityholders are the holders of record and the “beneficial owners” (within the meaning of Rule 13d-3
under the Exchange Act) of such number of Company Equity Interests as are indicated opposite each of their names on Schedule
I attached hereto (all such Company Equity Interests, together with any Company Equity Interests of which ownership of record
or the power to vote (including, without limitation, by proxy or power of attorney) is hereafter acquired by any such Company Equityholder
during the period from the date hereof through the Expiration Time are referred to herein as the “Subject Interests”);

 

WHEREAS,
contemporaneously with the execution and delivery of this Agreement, Acquiror, KittyHawk Merger Sub LLC, a Delaware
limited liability company and a direct wholly owned subsidiary of Acquiror (“Merger Sub”), Wheels Up
Blocker Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Acquiror (“Blocker
Sub”), KittyHawk Blocker Sub I Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror
(“Blocker Merger Sub I”), KittyHawk Blocker Sub II Inc., a Delaware corporation and a direct wholly owned
subsidiary of Acquiror (“Blocker Merger Sub II”), KittyHawk Blocker Sub III Inc., a Delaware corporation
and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub III”), KittyHawk Blocker Sub IV
Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub IV”),
KittyHawk Blocker Sub V Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker
Merger Sub V”), KittyHawk Blocker Sub VI Inc., a Delaware corporation and a direct wholly owned subsidiary of
Acquiror (“Blocker Merger Sub VI”), KittyHawk Blocker Sub VII Inc., a Delaware corporation and a direct
wholly owned subsidiary of Acquiror (“Blocker Merger Sub VII”), KittyHawk Blocker Sub VIII Inc., a
Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker Merger Sub VIII”),
KittyHawk Blocker Sub IX Inc., a Delaware corporation and a direct wholly owned subsidiary of Acquiror (“Blocker
Merger Sub IX”, and together with Blocker Merger Sub I, Blocker Merger Sub II, Blocker Merger Sub III, Blocker
Merger Sub IV, Blocker Merger Sub V, Blocker Merger Sub VI, Blocker Merger Sub VII, Blocker Merger Sub VIII, the
 “Blocker Merger Subs”), Wheels Up NHF LLC, a Delaware limited liability company (“WUNHF
Blocker”), Wheels Up NHT LLC, a Delaware limited liability company (“WUNHT Blocker”), Wheels Up
USET LLC, a Delaware limited liability company (“WUUSET Blocker”), GRTHCOCP WU Holdings LLC, a Delaware
limited liability company (“GRTHCOCP Blocker”), FSGRWCO WU Holdings LLC, a Delaware limited liability
company (“FSGRWCO Blocker”), GROWTHCO WU Holdings LLC, a Delaware limited liability company (“GROWTHCO Blocker”), OTC WU Holdings LLC, a Delaware limited liability company (“OTC
Blocker”), NEA 15 Wheels Up Holdings, LLC, a Delaware limited liability company (“NEA15
Blocker”), DPJ Holdco Inc., a Delaware corporation (“DPJ Blocker”, and together with the WUNHF
Blocker, the WUNHT Blocker, the WUUSET Blocker, the GRTHCOCP Blocker, the FSGRWCO Blocker, the GROWTHCO Blocker, the OTC
Blocker and the NEA15 Blocker, the “Blockers”), and the Company have entered into an Agreement and Plan of
Merger (as amended or modified from time to time, the “Merger Agreement”), dated as of the date hereof,
pursuant to which, among other transactions, (A) simultaneously (i) Blocker Merger Sub I is to merge with and into
WUNHF Blocker, the separate entity existence of Blocker Merger Sub I to cease and WUNHF Blocker to be the surviving entity
and a wholly owned subsidiary of Acquiror, (ii) Blocker Merger Sub II is to merge with and into WUNHT Blocker, the
separate entity existence of Blocker Merger Sub II to cease and WUNHT Blocker to be the surviving entity and a wholly owned
subsidiary of Acquiror, (iii) Blocker Merger Sub III is to merge with and into WUUSET Blocker, the separate entity
existence of Blocker Merger Sub III to cease and WUUSET Blocker to be the surviving entity and a wholly owned subsidiary of
Acquiror, (iv) Blocker Merger Sub IV is to merge with and into GRTHCOCP Blocker, the separate entity existence of
Blocker Merger Sub IV to cease and GRTHCOCP Blocker to be the surviving entity and a wholly owned subsidiary of Acquiror,
(v) Blocker Merger Sub V is to merge with and into FSGRWCO Blocker, the separate entity existence of Blocker Merger Sub
V to cease and FSGRWCO Blocker to be the surviving entity and a wholly owned subsidiary of Acquiror, (vi) Blocker Merger
Sub VI is to merge with and into GROWTHCO Blocker, the separate entity existence of Blocker Merger Sub VI to cease and
GROWTHCO Blocker to be the surviving entity and a wholly owned subsidiary of Acquiror, (vii) Blocker Merger Sub VII is
to merge with and into OTC Blocker, the separate entity existence of Blocker Merger Sub VII to cease and OTC Blocker to be
the surviving entity and a wholly owned subsidiary of Acquiror, (viii) Blocker Merger Sub VIII is to merge with and into
NEA15 Blocker, the separate entity existence of Blocker Merger Sub VIII to cease and NEA15 Blocker to be the surviving entity
and a wholly owned subsidiary of Acquiror, and (ix) Blocker Merger Sub IX is to merge with and into DPJ Blocker, the
separate entity existence of Blocker Merger Sub IX to cease and DPJ Blocker to be the surviving entity and a wholly owned
subsidiary of Acquiror, (B) thereafter, each of the surviving Blockers is to simultaneously merge with and into Blocker
Sub, with Blocker Sub as the surviving entity, and (C) thereafter, Merger Sub is to merge with and into the Company,
with the Company continuing on as the surviving entity with Acquiror as its managing member, in each case, on the terms and
conditions set forth therein; and

 

      

    

    

 

WHEREAS, as an inducement
to Acquiror and the Company to enter into the Merger Agreement and to consummate the transactions contemplated therein, the parties
hereto desire to agree to certain matters as set forth herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby
agree as follows:

 

    2 

    

    

 

Article I.

EQUITYHOLDER SUPPORT AGREEMENT; COVENANTS

 

Section 1.1         Binding
Effect of Merger Agreement. Each Company Equityholder hereby acknowledges that it has read the Merger Agreement and this Agreement
and has had the opportunity to consult with its tax and legal advisors. Each Company Equityholder shall be bound by and comply
with Sections 7.6 (Acquisition Proposals) and 12.12 (Publicity) of the Merger Agreement (and any relevant definitions
contained in any such Sections) as if (a) such Company Equityholder was an original signatory to the Merger Agreement with
respect to such provisions, and (b) each reference to the “Company” contained in Section 7.6 of the Merger
Agreement (other than Section 7.6(a) or Section 7.6(c) or for purposes of the definition of Acquisition Proposal)
also referred to each such Company Equityholder.

 

Section 1.2         No
Transfer. During the period commencing on the date hereof and ending on the earlier of (a) the Effective Time and (b) such
date and time as the Merger Agreement shall be terminated in accordance with Section 11.1 thereof (the earlier of clauses
(a) and (b), the “Expiration Time”), each Company Equityholder shall not (i) sell, offer to sell,
contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly
or indirectly, file (or participate in the filing of) a registration statement with the SEC (other than the Proxy Statement/Registration
Statement) or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning
of Section 16 of the Exchange Act, with respect to any Subject Interests, (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any Subject Interests (clauses
(i) and (ii) collectively, a “Transfer”) or (iii) publicly announce any intention to effect any
Transfer; provided that the foregoing shall not prohibit the transfer of the Subject Interests by a Company Equityholder
to an Affiliate of such Company Equityholder, but only if such Affiliate shall execute this Agreement or a joinder agreeing to
become a party to this Agreement. Any Transfer in violation of this Section 1.2 with respect to the Subject Interests shall,
to the fullest extent permitted by applicable Law, be null and void ab initio.

 

Section 1.3         New
Interests. In the event that (a) any Subject Interests are issued to a Company Equityholder after the date of this Agreement
pursuant to any dividend, split, recapitalization, reclassification, combination or exchange of Subject Interests or otherwise,
(b) a Company Equityholder purchases or otherwise acquires beneficial ownership of any Subject Interests after the date of
this Agreement, or (c) a Company Equityholder acquires the right to vote or share in the voting of any Subject Interests after
the date of this Agreement (collectively the “New Securities”), then such New Securities acquired or purchased
by such Company Equityholder shall be subject to the terms of this Agreement to the same extent as if they constituted the Subject
Interests owned by such Company Equityholder as of the date hereof.

 

Section 1.4         Closing
Date Deliverables. On the Closing Date, each of the Company Equityholders set forth on Schedule II attached hereto shall
deliver to Acquiror and the Company a duly executed copy of that certain Amended and Restated Registration Rights Agreement, by
and among Acquiror, the Company, the Sponsor, the Major Company Equityholders, and their respective Affiliates, as applicable,
and the other Holders (as defined therein) party thereto, in substantially the form attached as Exhibit D to the Merger Agreement.

 

    3 

    

    

 

Section 1.5         Company
Equityholder Agreements. Hereafter until the Expiration Time, each Company Equityholder hereby unconditionally and irrevocably
agrees that, at any meeting of the equityholders of the Company (or any adjournment or postponement thereof), and in any action
by written consent of the Company Equityholders distributed by the board of directors of the Company or otherwise undertaken as
contemplated by the transactions contemplated by the Merger Agreement in a form reasonably acceptable to Acquiror (which written
consent shall be delivered as soon as reasonably practicable after the Registration Statement is declared effective under the
Securities Act and delivered or otherwise made available to stockholders, and in any event within forty-eight (48) hours after
the Registration Statement is declared effective and delivered or otherwise made available to stockholders), such Company Equityholder
shall, if a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause its Subject Interests to be counted
as present thereat for purposes of establishing a quorum, and such Company Equityholder shall vote or provide consent (or cause
to be voted or consented), in person or by proxy, all of its Subject Interests:

 

(a)       to
approve and adopt the Merger Agreement and the transactions and other documents contemplated thereby, including the Mergers;

 

(b)       in
any other circumstances upon which a consent or other approval is required under the Company’s Governing Documents or the
Equityholder Agreements (as defined below) in order to approve the Merger Agreement and the transactions contemplated thereby,
to vote, consent or approve (or cause to be voted, consented or approved) all of such Company Equityholder’s Subject Interests
held at such time in favor thereof;

 

(c)       against
any merger agreement, merger, consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution,
liquidation or winding up of or by the Company (other than the Merger Agreement and the transactions contemplated thereby); and

 

(d)       against
any proposal, action or agreement that would (A) impede, frustrate, prevent or nullify any provision of this Agreement, the
Merger Agreement or any Merger, (B) result in a breach in any respect of any covenant, representation, warranty or any other
obligation or agreement of the Company under the Merger Agreement or (C) result in any of the conditions set forth in Article X
of the Merger Agreement not being fulfilled.

 

Each Company Equityholder hereby agrees that
it shall not commit or agree to take any action inconsistent with the foregoing.

 

Section 1.6         No
Inconsistent Agreement. Each Company Equityholder hereby represents and covenants that such Company Equityholder has not entered
into, and shall not enter into, any agreement that would restrict, limit or interfere with the performance of such Company Equityholder’s
obligations hereunder.

 

Section 1.7         No
Challenges. Each Company Equityholder agrees not to commence, join in, facilitate, assist or encourage, and agrees to take
all actions necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against
Acquiror, Blocker Sub, Merger Sub, the Blocker Merger Subs, the Company or any of their respective successors or directors, (a) challenging
the validity of, or seeking to enjoin the operation of, any provision of this Agreement or (b) alleging a breach of any fiduciary
duty of any Person in connection with the evaluation, negotiation or entry into the Merger Agreement.

 

    4 

    

    

 

Section 1.8         Consent
to Disclosure. Each Company Equityholder hereby consents to the publication and disclosure in the Proxy Statement/Registration
Statement (and, as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities,
any other documents or communications provided by Acquiror or the Company to any Governmental Authority or to securityholders of
Acquiror) of such Company Equityholder’s identity and beneficial ownership of Subject Interests and the nature of such Company
Equityholder’s commitments, arrangements and understandings under this Agreement and, if deemed appropriate by Acquiror or
the Company, a copy of this Agreement. Each Company Equityholder will promptly provide any information reasonably requested by
Acquiror or the Company for any regulatory application or filing made or approval sought in connection with the transactions contemplated
by the Merger Agreement (including filings with the SEC).

 

Section 1.9         Termination
of Affiliate Agreements. Each Company Equityholder hereby agrees and consents to the termination of all Affiliate Agreements
(other than as set forth on Section 7.4 of the Company Disclosure Letter) to which such Company Equityholder is party (the
 “Equityholder Agreements”), effective as of the Effective Time without any further liability or obligation to
the Company, the Company’s Subsidiaries, Acquiror or Acquiror’s Subsidiaries.

 

Article II.

REPRESENTATIONS AND WARRANTIES

 

Section 2.1         Representations
and Warranties of the Company Equityholders. Each Company Equityholder represents and warrants as of the date hereof to Acquiror
and the Company (solely with respect to itself, himself or herself and not with respect to any other Company Equityholder) as follows:

 

(a)       Organization;
Due Authorization. If such Company Equityholder is not an individual, it is duly organized, validly existing and in good standing
under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby are within such Company Equityholder’s
corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited
liability company or organizational actions on the part of such Company Equityholder. If such Company Equityholder is an individual,
such Company Equityholder has full legal capacity, right and authority to execute and deliver this Agreement and to perform his
or her obligations hereunder. This Agreement has been duly executed and delivered by such Company Equityholder and, assuming due
authorization, execution and delivery by the other parties to this Agreement, this Agreement constitutes a legally valid and binding
obligation of such Company Equityholder, enforceable against such Company Equityholder in accordance with the terms hereof (except
as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles
of equity affecting the availability of specific performance and other equitable remedies). If this Agreement is being executed
in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement
on behalf of the applicable Company Equityholder.

 

    5 

    

    

 

(b)       Ownership.
Such Company Equityholder is the record and beneficial owner (as defined in the Securities Act) of, and has good title to, all
of such Company Equityholder’s Subject Interests, and there exist no Liens or any other limitation or restriction (including
any restriction on the right to vote, sell or otherwise dispose of such Subject Interests (other than transfer restrictions under
the Securities Act)) affecting any such Subject Interests, other than Liens pursuant to (i) this Agreement, (ii) the
Company’s Governing Documents, (iii) the Merger Agreement, (iv) the Equityholder Agreements or (v) any applicable
securities Laws. Such Company Equityholder’s Subject Interests are the only equity securities in the Company owned of record
or beneficially by such Company Equityholder on the date of this Agreement, and none of such Company Equityholder’s Subject
Interests are subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Subject Interests,
except as provided hereunder and under the Equityholder Agreements. Other than as set forth opposite such Company Equityholder’s
name in Section 4.6(a) of the Company Disclosure Letter, such Company Equityholder does not hold or own any rights to
acquire (directly or indirectly) any equity securities of the Company or any equity securities convertible into, or which can be
exchanged for, equity securities of the Company.

 

(c)       No
Conflicts. The execution and delivery of this Agreement by such Company Equityholder does not, and the performance by such
Company Equityholder of his, her or its obligations hereunder will not, (i) if such Company Equityholder is not an individual,
conflict with or result in a violation of the organizational documents of such Company Equityholder or (ii) require any consent
or approval that has not been given or other action that has not been taken by any Person (including under any Contract binding
upon such Company Equityholder or such Company Equityholder’s Subject Interests), in each case, to the extent such consent,
approval or other action would prevent, enjoin or materially delay the performance by such Company Equityholder of its, his or
her obligations under this Agreement.

 

(d)       Litigation.
There are no Actions pending against such Company Equityholder, or to the knowledge of such Company Equityholder threatened against
such Company Equityholder, before (or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental
Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Company Equityholder
of its, his or her obligations under this Agreement.

 

(e)        Adequate
Information. Such Company Equityholder is a sophisticated equityholder and has adequate information concerning the business
and financial condition of Acquiror and the Company to make an informed decision regarding this Agreement and the transactions
contemplated by the Merger Agreement and has independently and without reliance upon Acquiror or the Company and based on such
information as such Company Equityholder has deemed appropriate, made its own analysis and decision to enter into this Agreement.
Such Company Equityholder acknowledges that Acquiror and the Company have not made and do not make any representation or warranty,
whether express or implied, of any kind or character except as expressly set forth in this Agreement or, solely with respect to
such Company Equityholder that is a Blocker, the Merger Agreement. Such Company Equityholder acknowledges that the agreements contained
herein with respect to the Subject Interests held by such Company Equityholder are irrevocable.

 

    6 

    

    

 

(f)        Brokerage
Fees. Except as described on Section 4.16 of the Company Disclosure Letter, no broker, finder, investment banker or other
Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated
by the Merger Agreement based upon arrangements made by such Company Equityholder, for which the Company or any of its Affiliates
may become liable.

 

(g)       Foreign
Status. Such Company Equityholder is not a foreign person (as defined in 31 C.F.R. Part 800.224) in which the national
or subnational governments of a single foreign state have a voting interest, direct or indirect, of 49% or more.

 

(h)       Acknowledgment.
Such Company Equityholder understands and acknowledges that each of Acquiror and the Company is entering into the Merger Agreement
in reliance upon such Company Equityholder’s execution and delivery of this Agreement.

 

Article III.

MISCELLANEOUS

 

Section 3.1         Termination.
This Agreement and all of its provisions shall automatically terminate and be of no further force or effect upon the earlier of
(a) the Expiration Time and (b) the written agreement of the Company Equityholders, Acquiror and the Company. Upon such
termination of this Agreement, all obligations of the parties under this Agreement will terminate, without any liability or other
obligation on the part of any party hereto to any Person in respect hereof or the transactions contemplated hereby, and no party
hereto shall have any claim against another (and no person shall have any rights against such party), whether under contract, tort
or otherwise, with respect to the subject matter hereof; provided, however, that the termination of this Agreement
shall not relieve any party hereto from liability arising in respect of any breach of this Agreement prior to such termination.
This ARTICLE III shall survive the termination of this Agreement.

 

Section 3.2         Governing
Law. This Agreement, and all claims or causes of action (whether in contract or tort) that may be based upon, arise out of
or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action
based upon, arising out of or related to any representation or warranty made in or in connection with this Agreement) will be governed
by and construed in accordance with the internal Laws of the State of Delaware applicable to agreements executed and performed
entirely within such State.

 

Section 3.3         CONSENT
TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL.

 

(a)        THE
PARTIES TO THIS AGREEMENT SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE COURTS LOCATED IN WILMINGTON, DELAWARE OR THE COURTS
OF THE UNITED STATES LOCATED IN WILMINGTON, DELAWARE IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS
AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH AND BY THIS AGREEMENT WAIVE,
AND AGREE NOT TO ASSERT, ANY DEFENSE IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS AGREEMENT AND ANY RELATED AGREEMENT,
CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH, THAT THEY ARE NOT SUBJECT THERETO OR THAT SUCH ACTION MAY NOT
BE BROUGHT OR IS NOT MAINTAINABLE IN SUCH COURTS OR THAT THIS AGREEMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS OR THAT THEIR
PROPERTY IS EXEMPT OR IMMUNE FROM EXECUTION, THAT THE ACTION IS BROUGHT IN AN INCONVENIENT FORUM, OR THAT THE VENUE OF THE ACTION
IS IMPROPER. SERVICE OF PROCESS WITH RESPECT THERETO MAY BE MADE UPON ANY PARTY TO THIS AGREEMENT BY MAILING A COPY THEREOF
BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS AS PROVIDED IN Section 3.8.

 

    7 

    

    

 

 

(b)       WAIVER
OF TRIAL BY JURY. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES
ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS
OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 3.3.

 

Section 3.4         Assignment.
This Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and their respective
heirs, successors and permitted assigns. Neither this Agreement nor any of the rights, interests or obligations hereunder will
be assigned (including by operation of law) without the prior written consent of the parties hereto.

 

Section 3.5         Specific
Performance. The parties hereto agree that irreparable damage may occur in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
hereto shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions of this Agreement in the chancery court or any other state or federal court within the State of Delaware,
this being in addition to any other remedy to which such party is entitled at law or in equity.

 

Section 3.6         Amendment.
This Agreement may not be amended, changed, supplemented, waived or otherwise modified or terminated, except upon the execution
and delivery of a written agreement executed by Acquiror, the Company and the Company Equityholders.

 

    8 

    

    

 

Section 3.7         Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part
or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

Section 3.8         Notices.
All notices and other communications among the parties hereto shall be in writing and shall be deemed to have been duly given (a) when
delivered in person, (b) when delivered after posting in the United States mail having been sent registered or certified mail
return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight delivery service
or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business Day), addressed
as follows:

 

If
to Acquiror:

 

Aspirational Consumer Lifestyle Corp.

1 King Seng Promenade

#18-07/12 Great World City

Singapore 237944

	 	Attention:	Gilbert Ong
	 	Email:	
        gilbert.ong@tumericap.com

        

 

with a copy to (which will not constitute notice):

 

Skadden, Arps, Slate, Meagher & Flom LLP

One Manhattan West

New York, New York 10001

		Attention:

                                                                       Email:
	Howard
L. Ellin Christopher M. Barlow

                                                                                 howard.ellin@skadden.com

		 	christopher.barlow@skadden.com

 

If to the Company:

 

Wheels Up Partners Holdings LLC

601 West 26th Street

New York, New York 10001

	 	Attention:	Jason Horowitz
	 	Email:	jhorowitz@wheelsup.com

 

    9 

    

    

 

with a copy to (which shall not constitute notice):

 

Arnold & Porter Kaye Scholer LLP

250 West 55th Street

New York, New York 10019

	 	Attention:	Thomas Yadlon

                                                     John Geelan

	 	Email:	
        thomas.yadlon@arnoldporter.com

        john.geelan@arnoldporter.com

 

If
to a Company Equityholder:

 

c/o Wheels Up Partners Holdings
LLC

601 West 26th Street

New York, New York 10001

	 	Attention:	Chief Legal Officer
	 	Email:	Laura.Heltebran@wheelsup.com

 

with a copy to (which will not constitute notice):

 

Arnold & Porter Kaye Scholer LLP

250 West 55th Street

New York, New York 10019

	 	Attention:	Thomas Yadlon

                                                     John Geelan

	 	Email:	
        thomas.yadlon@arnoldporter.com

        john.geelan@arnoldporter.com

        

 

Section 3.9         Several
Liability. The liability of any Company Equityholder hereunder is several (and not joint). Notwithstanding any other provision
of this Agreement, in no event will any Company Equityholder be liable for any other Company Equityholder’s breach of such
other Company Equityholder’s representations, warranties, covenants, or agreements contained in this Agreement.

 

Section 3.10       No
Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Acquiror any direct or indirect ownership
or incidence of ownership of or with respect to the Subject Interests of the Company Equityholders. All rights, ownership and economic
benefits (but excluding, for the avoidance of doubt, any voting rights to the extent described herein) of and relating to the Subject
Interests of the Company Equityholders shall remain fully vested in and belong to the Company Equityholders, and Acquiror shall
have no authority to direct the Company Equityholders in the voting or disposition of any of the Company Equityholders’ Subject
Interests, except as otherwise provided herein.

 

Section 3.11       Capacity
as an Equityholder. Notwithstanding anything herein to the contrary, each Company Equityholder signs this Agreement solely
in its, his or her capacity as an equityholder of the Company, and not in any other capacity (including as an officer or director
of the Company), and this Agreement shall not limit or otherwise affect the actions of such Company Equityholder (or any affiliate,
employee or designee of the Company Equityholder) in his or her capacity, if applicable, as an officer or director of the Company
or any other Person.

 

    10 

    

    

 

Section 3.12       Counterparts.
This Agreement may be executed in two or more counterparts (any of which may be delivered by electronic transmission), each of
which shall constitute an original, and all of which taken together shall constitute one and the same instrument.

 

Section 3.13       Entire
Agreement. This Agreement and the agreements referenced herein (including, without limitation, the Merger Agreement, the Registration
Rights Agreement, and the other agreements executed in connection with the Merger Agreement) constitute the entire agreement and
understanding of the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements
or representations by or among the parties hereto to the extent they relate in any way to the subject matter hereof.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY
BLANK]

 

    11 

    

    

 

IN WITNESS WHEREOF,
the Company Equityholders, Acquiror and the Company have each caused this Equityholder Support Agreement to be duly executed as
of the date first written above.

 

	 	 	COMPANY EQUITYHOLDERS:
	 	 	 
	 	 	 
	 	 	By:	                 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	COMPANY:
	 	 	 
	 	 	WHEELS UP PARTNERS HOLDINGS LLC
	 	 	 
	 	 	 
	 	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	ACQUIROR:
	 	 	 
	 	 	aspirational consumer lifestyle corp.
	 	 	 
	 	 	 
	 	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Equityholder Support
Agreement]

 

    

     

    

 

Schedule I

 

Company Equityholder Subject Interests

 

 

 

 

 

 

 

[Schedule I to Equityholder Support Agreement]

 

    

     

    

 

Schedule II

 

Major Company Equityholders

 

 

 

 

 

 

 

[Schedule II to Equityholder Support Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00320-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00320-of-00352.parquet"}]]