Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 61

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 61
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 partners or celebrities which could distract from our core business plans, create new risks for our company or otherwise dilute our efforts at growing the value of our company or our brands.

To grow our sales, increase revenue, open new channels
of distribution or increase the presence of our company or a brand, we may enter in several arrangements or agreements, including but
not limited to partnerships, co-branding arrangements, licensing agreements, co-location, joint branding or other collaborative arrangements,
with other brands, producers, partners or celebrities. Examples of some of these arrangements could include:

| ● | Co-branded or jointly branded products — There                                                                                                
 is a risk that the co-branding does not work or does not make sense to the consumer, which would depress sales and could result in a          
 loss of the effort, time and money spent on developing such products. There is also a risk the other brand owner with whom we partnered       
 on the effort may not be able to fulfill its agreements, thereby resulting in lower sales, revenue and profitability compared to expectations 
 heading into such arrangements. There is a risk the other brand owner cannot pay its bills, becomes insolvent, files for bankruptcy,          
 is foreclosed upon or otherwise must cease operations, in which case we could have a co-branded product without a corresponding co-branding   
 partner. In such a case, it may also be that we lose the right to continue using the co-branded designs, recipes or trademarks because        
 of a change in operation. There is also a risk that the entity with whom we have co-branded, or one of its employees, managers, executives,   
 directors, or prominent shareholders, does or says something to cause harm to the co-branded product and our brand by association.            |

| ● | Licensing Agreements — There is a risk                                                                                                       
 that if we license to others one or more of our brands, trademarks or patents, the licensee might not pay us the licensing fees or royalties 
 due to us for a variety of reasons. The licensee might attempt to modify or use such licensed items in an inappropriate way inconsistent     
 with our company, the brand, or the terms of the license. There is a risk the licensee, or one of its employees, managers, executives,       
 directors, or prominent shareholders, does or says something to cause harm to the licensed product and our brand by association.             |

| ● | Co-location — We may decide to co-locate                                                                                                      
 or co-brand retail spaces with other distillers or producers, either