Company: IPST
Filing Date: 2025-05-21
Form Type: 424B3
Source: 0001641172-25-011934
Chunk: 55

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-21
Form: 424B3
Chunk 55
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 included in “Operating Lease Right-of-Use Assets, net” in our accompanying consolidated balance sheets. The liabilities for operating leases were included in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current Portion” in the accompanying consolidated balance sheets.

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Table of Contents

<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements
(unaudited)</div>

NOTE 9 — LEASES (cont.)

Maturities of lease liabilities for the remainder of 2025 and the years through 2029 and thereafter are as follows:

| Years             
 Ending            |     | Amounts |            |
|:------------------|:----|:--------|-----------:|
| 2025              |     | $       |  1,022,140 |
| 2026              |     |         |  1,345,203 |
| 2027              |     |         |  1,329,535 |
| 2028              |     |         |  1,225,326 |
| 2029              |     |         |  1,203,001 |
| thereafter        |     |         |    684,779 |
| Total             
 lease payments    |     | $       |  6,809,984 |
| Less:             
 Interest          |     |         | -2,786,499 |
| Total             
 Lease Liabilities |     | $       |  4,023,485 |

NOTE 10 — COMMITMENTS AND CONTINGENCIES

As an inducement to obtain financing in 2022 and 2023 through convertible notes, the Company agreed to pay a portion of certain future revenues the Company may receive from the sale of FBLLC or the Flavored Bourbon brand to the investors in such financings in the amount of 150% of their subscription amount for an aggregate of approximately $24,495,000.

The Company maintains operating leases for various facilities. See Note 9, Leases, for further information.

Litigation — From time to time, the Company may become involved in various legal proceedings in the ordinary course of its business and may be subject to third-party infringement claims.

In the normal course of business, the Company may agree to indemnify third parties with whom it enters into contractual relationships, including customers, lessors, and parties to other transactions with the Company, with respect to certain