INDEMNITY AGREEMENTIndemnification Agreement • September 16th, 2020 • Aspirational Consumer Lifestyle Corp. • Delaware
NOW, THEREFORE, in consideration of the premises and the covenants contained herein and subject to the provisions of the letter agreement dated as of [•], 2020 between the Company, Indemnitee and other parties thereto, the Company and Indemnitee do hereby covenant and agree as follows:
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of September 25, 2020, is made and entered into by and among Aspirational Consumer Lifestyle Corp., a Cayman Islands exempted company (the “Company”), and Aspirational Consumer Lifestyle Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”), and any other parties listed on the signature page hereto (together with the sponsor and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.2 of this Agreement, the “Holders” and, each, a “Holder”).
22,500,000 Units Aspirational Consumer Lifestyle Corp. UNDERWRITING AGREEMENTUnderwriting Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
INDEMNITY AGREEMENTIndemnification Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • Delaware
NOW, THEREFORE, in consideration of the premises and the covenants contained herein and subject to the provisions of the letter agreement dated as of September 22, 2020 between the Company, Indemnitee and other parties thereto, the Company and Indemnitee do hereby covenant and agree as follows:
WARRANT AGREEMENT ASPIRATIONAL CONSUMER LIFESTYLE CORP. and CONTINENTAL STOCK TRANSFER & TRUST COMPANY Dated September 25, 2020Warrant Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
THIS WARRANT AGREEMENT (this “Agreement”), dated September 25, 2020, is by and between Aspirational Consumer Lifestyle Corp., a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (in such capacity, the “Warrant Agent”).
INVESTMENT MANAGEMENT TRUST AGREEMENTInvestment Management Trust Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
Pursuant to Section 1(k) of the Investment Management Trust Agreement between Aspirational Consumer Lifestyle Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2020 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Shareholders on behalf of the Company $ of the principal and interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.
SPONSOR WARRANTS PURCHASE AGREEMENTWarrant Purchase Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
THIS SPONSOR WARRANTS PURCHASE AGREEMENT, dated as of September 22, 2020 (as it may from time to time be amended, this “Agreement”), is entered into by and between Aspirational Consumer Lifestyle Corp., a Cayman Islands exempted company (the “Company”), and Aspirational Consumer Lifestyle Sponsor LLC, a Cayman Islands limited liability company (the “Purchaser”).
Aspirational Consumer Lifestyle Corp.Underwriting Agreement • September 25th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
WHEELS UP EXPERIENCE INC. INDEMNIFICATION AGREEMENTIndemnification Agreement • July 19th, 2021 • Wheels Up Experience Inc. • Air transportation, nonscheduled • Delaware
This Indemnification Agreement (this “Agreement”) is made by and between Wheels Up Experience Inc., a Delaware corporation (the “Company”, as such term is modified in Section 11), and [●] (“Indemnitee”). This Agreement is effective as of July 13, 2021.
INVESTMENT MANAGEMENT TRUST AGREEMENTInvestment Management Trust Agreement • September 16th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
Pursuant to Section 1(k) of the Investment Management Trust Agreement between Aspirational Consumer Lifestyle Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [●], 2020 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Shareholders on behalf of the Company $ of the principal and interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • July 19th, 2021 • Wheels Up Experience Inc. • Air transportation, nonscheduled
THIS AGREEMENT (this “Agreement”) is entered into as of this 10th day of August 2020 by and between Thomas Bergeson (the “Executive”) and Wheels Up Partners LLC, a Delaware limited liability company (the “Company”).
ASPIRATIONAL CONSUMER LIFESTYLE CORP.Securities Subscription Agreement • September 4th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
Aspirational Consumer Lifestyle Corp., a Cayman Islands exempted company (the “Company”), is pleased to accept the offer Aspirational Consumer Lifestyle Sponsor LLC, a Cayman Islands limited liability company (the “Subscriber” or “you”), has made to subscribe for 6,468,750 of the Company’s Class B ordinary shares (the “Shares”), of US$0.0001 par value per share (the “Class B Shares”), up to 843,750 of which are subject to forfeiture by you if the underwriters of the Company’s initial public offering of its securities (“IPO”), if any, do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this agreement (this “Agreement”), references to “Ordinary Shares” are to, collectively, the Class B Shares and the Company’s Class A ordinary shares, of US$0.0001 par value per share (the “Class A Shares”). Upon certain terms and conditions, the Class B Shares will automatically convert into Class A Shares on a one-for-one basis, subject to adjustment. Unl
Aspirational Consumer Lifestyle Corp.Underwriting Agreement • September 16th, 2020 • Aspirational Consumer Lifestyle Corp. • New York
AMENDMENT NO. 1 TO CREDIT AGREEMENTCredit Agreement • November 16th, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled • New York
This AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”), dated as of November 15, 2023, is by and among WHEELS UP EXPERIENCE INC., a Delaware corporation (the “Borrower”), each other Loan Party party hereto, Delta Air Lines, Inc. (“Delta”), CK Wheels LLC (together with Delta, the “Lead Lenders”), each other Lender party hereto, each 2023 Incremental Term Lender (as defined below) and U.S. BANK TRUST COMPANY, N.A., not in its individual capacity but solely as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”).
WHEELS UP EXPERIENCE INC. PERFORMANCE AWARD AGREEMENTPerformance Award Agreement • August 8th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled • Delaware
This Performance Award Agreement (this “Agreement”) is made as of May 20, 2024 (the “Grant Date”), between Wheels Up Experience Inc., a Delaware corporation (the “Company”), and David Harvey (the “Grantee”).
CREDIT AGREEMENT dated as of September 20, 2023 among WHEELS UP EXPERIENCE INC., as Borrower, THE SUBSIDIARIES OF BORROWER PARTY HERETO, as Guarantors, THE LENDERS PARTY HERETO andCredit Agreement • September 21st, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled • New York
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • May 2nd, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled
This Separation and Release Agreement (this “Agreement”) is entered into by and between Lee Applbaum (“Employee”) and Wheels Up Partners LLC (the “Company”). In consideration of the material promises contained herein, the parties agree as follows:
AIRCRAFT MORTGAGE AND SECURITY AGREEMENT dated as of September 20, 2023 made by WHEELS UP PARTNERS LLC, as Owner in favor of not in its individual capacity but solely in its capacity as Collateral Agent, as MortgageeAircraft Mortgage and Security Agreement • September 21st, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled • New York
THIS AIRCRAFT MORTGAGE AND SECURITY AGREEMENT dated as of September __, 2023 (as amended, supplemented or otherwise modified from time to time, including by one or more Mortgage Supplements, this “Mortgage”) is made by WHEELS UP PARTNERS LLC, a Delaware limited liability company (“Owner”), in favor of U.S. BANK TRUST COMPANY, N.A., not in its individual capacity, but solely in its capacity as Collateral Agent, as mortgagee (“Mortgagee”) for the Secured Parties.
EMPLOYMENT AGREEMENTEmployment Agreement • December 1st, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled • Georgia
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated as of November 30, 2023 (this “Agreement”), is made and entered into by and among Wheels Up Experience Inc. (the “Company”), Wheels Up Partners LLC, an indirect subsidiary of the Company (“WUP”), and George Mattson (the “Executive,” and together with the Company and WUP, the “Parties”).
AMENDMENT NO. 2 TO CREDIT AGREEMENTCredit Agreement • November 14th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled • New York
This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”), dated as of November 13, 2024, is by and among WHEELS UP EXPERIENCE INC., a Delaware corporation (the “Borrower”), each other Loan Party party hereto, DELTA AIR LINES, INC. (“Delta”), CK WHEELS LLC (together with Delta, constituting the Required Lenders and the Lead Lenders) and U.S. BANK TRUST COMPANY, N.A., not in its individual capacity but solely as administrative agent for the Lenders (together with its permitted successors in such capacity, the “Administrative Agent”).
CERTAIN IDENTIFIED INFORMATION HAS BEEN REDACTED FROM THIS EXHIBIT, BECAUSE IT IS (1) NOT MATERIAL AND (2) THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. “[***]” INDICATES THAT INFORMATION HAS BEEN REDACTED.Charter Sales Adjusted Ebitda Incentive Plan Award Agreement • June 7th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled
This Charter Sales Adjusted EBITDA Incentive Plan Award Agreement (the “Charter Sales Award Agreement”) is entered into by and between Mark Briffa (“Employee”) and Wheels Up Partners LLC (the “Company”) and, together with its subsidiaries and affiliates, the “Company Group”).
PARTICIPATION AGREEMENT Dated as of November 13, 2024 among WHEELS UP PARTNERS LLC, Owner, WHEELS UP CLASS A-1 LOAN TRUST 2024-1, and WILMINGTON TRUST, NATIONAL ASSOCIATION, Not in its individual capacity except as expressly provided herein, but...Participation Agreement • November 14th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled
PARTICIPATION AGREEMENT, dated as of November 13, 2024 (this “Agreement”), among (a) WHEELS UP PARTNERS LLC, a Delaware limited liability company (“Owner”), (b) WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as expressly provided herein, but solely as Mortgagee (in its capacity as Mortgagee, “Mortgagee” and in its individual capacity, “WTNA”), (c) Wheels Up Class A-1 Loan Trust 2024-1, a statutory trust formed and existing under the laws of Delaware (the “Class A-1 Trust”), and (d) WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity, except as expressly provided herein, but solely as Subordination Agent under the Intercreditor Agreement (“Subordination Agent”).
OMNIBUS AGREEMENT AND AMENDMENT NO. 1Omnibus Agreement and Amendment No. 1 • May 6th, 2021 • Aspirational Consumer Lifestyle Corp. • Air transportation, nonscheduled
This OMNIBUS AGREEMENT AND AMENDMENT NO. 1 (this “Amendment”) is dated as of June 30, 2015 among WHEELS UP PARTNERS LLC, a limited liability company duly organized and validly existing under the laws of the State of Delaware (the “Borrower”); BANK OF UTAH, as administrative agent (the “Administrative Agent”); the LENDERS party hereto; and BANK OF UTAH, as Security Trustee (the “Security Trustee”).
AMENDMENT NO. 1 TO INVESTMENT AND INVESTOR RIGHTS AGREEMENTInvestment and Investor Rights Agreement • November 16th, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled
This Amendment No. 1 (“Amendment”), dated as of November 15, 2023, to the Investment and Investor Rights Agreement, dated as of September 20, 2023 (the “Investment Agreement”), by and among Wheels Up Experience Inc., a Delaware corporation (the “Company”), Delta Air Lines, Inc., a Delaware corporation (“Delta”), CK Wheels LLC, a Delaware limited liability company (“CK Wheels”), and Cox Investment Holdings, Inc., a Delaware corporation (“Cox” and, each of Cox, Delta and CK Wheels, each an “Initial Investor” and collectively, the “Initial Investors”), is made and entered into by and between the Company and the Initial Investors. Capitalized terms used herein without definition have the meanings assigned to them in the Investment Agreement.
FIRST AMENDMENT TO SECURED PROMISSORY NOTESecured Promissory Note • September 21st, 2023 • Wheels Up Experience Inc. • Air transportation, nonscheduled • New York
This FIRST AMENDMENT TO SECURED PROMISSORY NOTE (this “Agreement”), dated as of August 15, 2023, is made by and among Wheels Up Experience Inc., a Delaware corporation (the “Borrower”), each Guarantor and Delta Air Lines, Inc. (the “Payee”).
AMENDMENT NO. 2 TO DIRECTOR SERVICE AGREEMENTDirector Service Agreement • June 7th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled
THIS AMENDMENT NO. 2 ("Amendment 2"), is entered into as of June 6, 2024 by and between Mark Briffa ("You") and Air Partner Limited, registered number 980675 whose registered office is at 2 City Place, Beehive Ring Road, West Sussex, RH6 OPA ("Company"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Service Agreement (defined below).
COMMERCIAL COOPERATION AGREEMENTCommercial Cooperation Agreement • May 6th, 2021 • Aspirational Consumer Lifestyle Corp. • Air transportation, nonscheduled • Delaware
This Commercial Cooperation Agreement (this “Agreement”) is entered into as of January 17, 2020 (the “Effective Date”), by and among Delta Air Lines, Inc., a Delaware corporation (“Delta”), Wheels Up Partners LLC, a Delaware limited liability company (“WUP”), and Wheels Up Partners Holdings LLC, a Delaware limited liability company (“WUPH” and together with WUP and their Affiliates (as defined below), “Wheels Up”). Each of Delta, WUPH, and WUP are sometimes referred to herein as a “Party” and collectively as the “Parties.”
AMENDED AND RESTATED SECURED CREDIT AGREEMENT dated as of August 27, 2014 among WHEELS UP PARTNERS LLC, THE LENDERS PARTY HERETO, BANK OF UTAH, as Security Trustee and BANK OF UTAH, as Administrative Agent JEFFERIES LLC as Sole Lead Arranger and Sole...Secured Credit Agreement • May 6th, 2021 • Aspirational Consumer Lifestyle Corp. • Air transportation, nonscheduled • New York
AMENDED AND RESTATED SECURED CREDIT AGREEMENT (this “Agreement”) dated as of August 27, 2014, among WHEELS UP PARTNERS LLC, a limited liability company duly organized and validly existing under the laws of the State of Delaware (the “Borrower”); BANK OF UTAH, as administrative agent (the “Administrative Agent”); the LENDERS party hereto; and BANK OF UTAH, as Security Trustee (the “Security Trustee”).
SCHEDULE I As of December 31, 2023Participation Agreement • March 7th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled
The following documents (hereinafter collectively referred to as the “Aircraft-Specific Documents”) have been filed with this Annual Report on Form 10-K as form documents:
EMPLOYMENT AGREEMENTEmployment Agreement • May 6th, 2021 • Aspirational Consumer Lifestyle Corp. • Air transportation, nonscheduled
THIS AGREEMENT (this “Agreement”) is entered into as of this 17th day of April, 2020 by and among Kenneth Dichter (the “Executive”), Wheels Up Partners LLC, a Delaware limited liability company (the “Company”) and, solely for purposes of Section 5.4, Wheels Up Partners Holdings LLC (“Holdings”).
SECOND OMNIBUS AGREEMENT AND AMENDMENT NO. 3 TO CREDIT AGREEMENT AND AMENDMENT NO. 2 TO SECURITY AGREEMENTSecond Omnibus Agreement and Amendment No. 3 to Credit Agreement and Amendment No. 2 to Security Agreement • May 6th, 2021 • Aspirational Consumer Lifestyle Corp. • Air transportation, nonscheduled
This SECOND OMNIBUS AGREEMENT AND AMENDMENT NO. 3 TO CREDIT AGREEMENT AND AMENDMENT NO. 2 TO SECURITY AGREEMENT (this “Amendment”) is dated as of April 1, 2016 between WHEELS UP PARTNERS LLC, a limited liability company duly organized and validly existing under the laws of the State of Delaware (the “Borrower”), and BANK OF UTAH, as administrative agent (the “Administrative Agent”) and as Security Trustee (the “Security Trustee”); and is consented to and agreed by the undersigned LENDERS.
FORM OF SEVENTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF WHEELS UP PARTNERS HOLDINGS LLC DATED JULY 13, 2021Limited Liability Company Agreement • July 19th, 2021 • Wheels Up Experience Inc. • Air transportation, nonscheduled • Delaware
This SEVENTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (together with the Exhibits and Schedules attached hereto and as amended, supplemented, restated or otherwise modified from time to time in accordance with this LLC Agreement, this “LLC Agreement”) of Wheels Up Partners Holdings LLC, a Delaware limited liability company (the “Company”), is entered into as of July 13, 2021, by and among Wheels Up Experience Inc. (previously known as Aspirational Consumer Lifestyle Corp.), a Delaware corporation (“PubCo”), as a Member and the Managing Member as of the date hereof, Wheels Up Blocker Sub LLC, a Delaware limited liability company (“Wheels Up Blocker Sub”), as a Member, Wheels Up MIP LLC, a Delaware limited liability company (“MIP LLC”), as a Member, Wheels Up MIP RI LLC, a Delaware limited liability company (“MIP RI LLC”), as a Member, and each other Person who is or at any time becomes a Member in accordance with the terms of this LLC Agreement and the Act. Capitalized t
NOTE PURCHASE AGREEMENTNote Purchase Agreement • November 14th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled • New York
This NOTE PURCHASE AGREEMENT, dated as of November 13, 2024 (this “Agreement”), is among (i) WHEELS UP PARTNERS LLC, a Delaware limited liability company (the “Company”), (ii) WHEELS UP CLASS A-1 LOAN TRUST 2024-1, a statutory trust formed and existing under the laws of Delaware (the “Class A-1 Trust”) and (iii) WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association (“WTNA”), as subordination agent and trustee (in such capacity together with its successors in such capacity, the “Subordination Agent”) under the Intercreditor Agreement (as defined below).
RESTRICTED INTEREST AWARD AGREEMENT Wheels Up Partners Holdings LLC Equity Incentive Plan [VIII] Series [●] InterestsRestricted Interest Award Agreement • March 15th, 2021 • Aspirational Consumer Lifestyle Corp. • Blank checks • New York
THIS RESTRICTED INTEREST AWARD AGREEMENT (this “Agreement”) is made as of the grant date specified on the signature page hereto (the “Grant Date”), among Wheels Up Partners Holdings LLC, a Delaware limited liability company (the “Company”), Wheels Up MIP RI LLC, a Delaware limited liability company (“MIP RI LLC”), and the recipient identified on the signature page hereto (“Recipient”). Certain definitions are set forth in Section 8 of this Agreement. Capitalized terms used but not otherwise defined shall have the meaning given thereto in the Plan.
INTERCREDITOR AGREEMENT Dated as of November 13, 2024 AMONG WHEELS UP CLASS A-1 LOAN TRUST 2024-1, AND WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity except as expressly set forth herein but solely as Subordination Agent and...Intercreditor Agreement • November 14th, 2024 • Wheels Up Experience Inc. • Air transportation, nonscheduled
INTERCREDITOR AGREEMENT (this “Agreement”) dated as of November 13, 2024, among WHEELS UP CLASS A-1 LOAN TRUST 2024-1 a statutory trust formed and existing under the laws of Delaware (the “Class A-1 Trust”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association (“WTNA”), not in its individual capacity except as expressly set forth herein, but solely as Subordination Agent and trustee hereunder (in such capacity, together with any successor appointed pursuant to Article VIII hereof, the “Subordination Agent”).
