Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 193

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 193
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 a whole, to enable
our board of directors to satisfy its oversight responsibilities effectively in light of our business and structure, the board of directors
focuses primarily on each person’s background and experience as reflected in the information discussed in each of the directors’
individual biographies set forth above. We believe that our directors and director nominees will provide an appropriate mix of experience
and skills relevant to the size and nature of our business.

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Our board of directors expects a culture of ethical
business conduct. Our board of directors encourages each member to conduct a self-review to determine if he or she is providing an
effective service to our company and our stockholders. Should it be determined that a member of our board of directors is unable to effectively
act in the best interests of our stockholders, such member would be encouraged to resign.

Board Leadership Structure

Our amended and restated bylaws and our corporate
governance guidelines provide our board of directors with flexibility to combine or separate the positions of Chairman of the Board and
Chief Executive Officer in accordance with its determination that utilizing one or the other structure is in the best interests of our
company. Justin Stiefel currently serves as our Chief Executive Officer and Chairman of the Board.

As Chairman of the Board, Mr. Stiefel’s
key responsibilities include facilitating communication between our board of directors and management, assessing management’s performance,
managing board members, preparation of the agenda for each board meeting, acting as chair of board meetings and meetings of our company’s
stockholders and managing relations with stockholders, other stakeholders and the public.

We will continue to take steps to ensure that adequate
structures and processes are in place to permit our board of directors to function independently of management. The directors are be able
to request at any time a meeting restricted to independent directors for the purpose of discussing matters independently of management
and are encouraged to do so should they feel that such a meeting is required. Further, at the conclusion of each regular or special meeting
of the board of directors, the Chairman inquires of the Lead Director and/or the independent members of the Board if they wish to meet
in executive session. Minutes of the executive session are taken by the Lead Director and filed with the minutes of our company but sealed
unless corporate action is taken.

Committees of our Board of Directors

The standing committees of our board of directors
consist of an audit committee, a compensation committee, a nominating and corporate governance committee and a technology