Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 440

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 440
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 |  1,225,327 |   |
| 2029                    |     |         |  1,203,001 |   |
| thereafter              |     |         |    684,779 |   |
| Total lease payments    |     | $       |  6,885,099 |   |
| Less: Interest          |     |         | (2,943,539 | ) |
| Total Lease Liabilities |     | $       |  3,941,560 |   |

NOTE 13 — 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. See Note 5 — Payment Upon Sale of Flavored Bourbon, LLC.

F-100 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 13 — COMMITMENTS AND CONTINGENCIES (cont.) The Company maintains operating leases for various facilities. See Note 12, 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 -partyinfringement 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 matters. The Company has agreed, under certain conditions, to hold these third parties harmless against specified losses, such as those arising from a breach of representations or covenants, other third -partyclaims that the Company’s products when used for their intended purposes infringe the intellectual property rights of such other third parties, or other claims made against certain parties. It is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances that are likely to be involved in each claim. Litigation— CFGI— On January 31, 2025, CFGI, LLC (“CFGI”) commenced a litigation against the Company in the Superior Court, Suffolk County, Massachusetts asserting claims arising under a November 1, 2022 written engagement