Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 198

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 198
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9 Plan.

Restricted Stock Units

As of May 29, 2025, we had made awards of all 2,500,000 restricted stock units authorized under the 2024 Plan and no shares remain authorized for issuance under the 2024 Plan. As of May 29, 2025, an additional 27,500 restricted stock units had been granted under the 2024 Plan, subject to shareholder approval of an amendment to the 2024 Plan to increase the number of shares authorized of issuance under the 2024 Plan.

Limitation of Liability and Indemnification Matters

Our amended and restated certificate of incorporation limit the liability of our directors for monetary damages for breach of their fiduciary duties, except for liability that cannot be eliminated under the Delaware General Corporation Law (“DGCL”). Consequently, our directors will not be personally liable for monetary damages for breach of their fiduciary duties as directors, except liability for any of the following:

| ● | any                                                        
 breach of their duty of loyalty to us or our stockholders; |

| ● | acts                                                                                                 
 or omissions not in good faith or that involve intentional misconduct or a knowing violation of law; |

| 122 |

| ● | unlawful                                                                                                       
 payments of dividends or unlawful stock repurchases, or redemptions as provided in Section 174 of the DGCL; or |

| ● | any                                                                       
 transaction from which the director derived an improper personal benefit. |

Our amended and restated bylaws also provide that we will indemnify our directors and executive officers and may indemnify our other officers and employees and other agents to the fullest extent permitted by law. Our amended and restated bylaws also permit us to secure insurance on behalf of any officer, director, employee or other agent for any liability arising out of his or her actions in this capacity, regardless of whether our amended and restated bylaws would permit indemnification. We plan on obtaining directors’ and officers’ liability insurance.

The limitation of liability and indemnification provisions in our amended and restated certificate of incorporation and amended and restated bylaws may discourage stockholders from bringing a lawsuit against directors for breach of their fiduciary duties. They may also reduce the likelihood of derivative litigation against directors and officers, even though an action, if successful, might benefit us and our stockholders. A stockholder’s investment may be harmed to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. Insofar as indemnification