Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 207

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 207
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, or any recoupment or similar requirement otherwise made applicable to us by law, regulation
or listing standards.

Repricing and Backdating Prohibited.Notwithstanding
anything in our 2024 Plan to the contrary, and except for the adjustments provided for in our 2024 Plan, neither the administrator nor
any other person may (i) amend the terms of outstanding stock options to reduce the exercise or grant price of such outstanding stock
options; (ii) cancel outstanding stock options in exchange for stock options with an exercise or grant price that is less than the
exercise or grant price of the original stock options; or (iii) cancel outstanding stock options with an exercise or grant price
above the current fair market value of a share in exchange for cash or other securities. In addition, the administrator may not make a
grant of a stock option with a grant date that is effective prior to the date the administrator takes action to approve the award.

Incentive Plan Awards

We did not make any stock option grants or other
equity awards to our executive officers during the year ended December 31, 2023.

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth outstanding equity
awards to our named executive officers as of December 31, 2024.

| Name                        
 Justin Stiefel              |     | Option Awards 
 Number of     
 Securities    
 Underlying    
 Unexercised   
 Options (#)   
 Exercisable   |     | Option   
 Exercise 
 Price    |     | Option     
 Expiration 
 Date       |     | Stock Awards |     Number of 
     Shares or 
      Units of 
         Stock 
 that have not 
     Vested(1) |     |   |     Market 
   Value of 
  Shares or 
   Units of 
 Stock that 
   have not 
  Vested(2) |
|:----------------------------|:----|:--------------|:----|:---------|:----|:-----------|:----|:-------------|--------------:|:----|:--|-----------:|
| Restricted Stock Unit Award |     | —             |     | —        |     | —          |     |              |        42,000 |     | $ |    168,000 |
| Jennifer Stiefel            |     |               |     |          |     |            |     |              |               |     |   |            |
| Restricted Stock Unit Award |     | —             |     | —        |     |