Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 199

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 199
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,500,000 |
| Total                                                 |     |                  | 251,600 |     | $           | 14.44 |     |                 | 2,504,900 |

Equity Incentive Plans

2019 Equity Incentive Plan.

On April 25, 2019, our board of directors adopted
our 2019 Equity Incentive Plan (the “2019 Plan”) to provide an additional means to attract, motivate, retain and reward selected
employees and other eligible persons. Our stockholders approved the plan on or about April 25, 2019. Employees, officers, directors and
consultants that provided services to us or one of our subsidiaries were eligible to receive awards under the 2019 Plan. Awards under
the 2019 Plan were issuable in the form of incentive or nonqualified stock options, stock appreciation rights, stock bonuses, restricted
stock, stock units and other forms of awards including cash awards.

As of September 30, 2024, stock grants of an aggregate
of 243,089 restricted stock units and 6,011 options had been made under the 2019 Plan, and 7,400 shares authorized under the 2019 Plan
remained available for award purposes.

Our board of directors may amend or terminate the
2019 Plan at any time. Plan amendments will be submitted to stockholders for their approval as required by applicable law or any applicable
listing agency. The 2019 Plan is not exclusive — our board of directors and the Compensation Committee of the board may
grant stock and performance incentives or other compensation, in stock or cash, under other plans or authority.

The 2019 Plan will terminate on April 25, 2029.
However, the plan administrator will retain its authority until all outstanding awards are exercised or terminated. The maximum term of
options under the 2019 Plan is seven years after the initial date of the award, unless the options were granted to a stockholder
holding stock with more than ten percent of the total combined voting power of all classes of stock of the Company, in which case the
maximum term will be five years.

2024 Equity Incentive Plan.

In November 2024, our board of directors adopted
and our stockholders approved our 2024 Equity Incentive Plan (the “2024 Plan”).

Purpose.The purpose
of our 2024 Plan is to encourage and enable our officers, employees, directors and other key persons (including consultants