Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 192

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 192
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 fraud or fraud in connection with any business entity; or    |

| 6. | being the subject of or party to any sanction or order, not                                                                          
 subsequently reversed, suspended, or vacated, of any self-regulatory organization, any registered entity or any equivalent exchange, 
 association, entity or organization that has disciplinary authority over its members or persons associated with a member.            |

Board Composition and Structure; Director Independence

Our business and affairs are managed under the direction
of our board of directors. As of the closing of this offering, our board of directors consists of eight members. In accordance with the
terms of our amended and restated certificate of incorporation and amended and restated bylaws, our board of directors are divided into
three classes, Class I, Class II and Class III, with each class serving staggered three-year terms. Upon the expiration of the term of
a class of directors, directors in that class are eligible to be elected for a new three-year term at the annual meeting of stockholders
in the year in which their term expires. Set forth below is information regarding the membership of each class of directors, effective
as of the closing of this offering.

| Director:                   |     | Initial Term Expires:                      |
| Class I Directors:          |     | At the 2027 annual meeting of stockholders |
| Justin Stiefel              |     |                                            |
| Troy Alstead                |     |                                            |
| Eric S. Trevan, Ph.D.       |     |                                            |
| Class II Directors:         |     | At the 2026 annual meeting of stockholders |
| Jennifer Stiefel            |     |                                            |
| Andrew Varga                |     |                                            |
| Matthew J. Swann            |     |                                            |
| Class III Directors:        |     | At the 2025 annual meeting of stockholders |
| Jeffrey Wensel, M.D., Ph.D. |     |                                            |
| Christopher (Toby) Smith    |     |                                            |

While we do not have a stand-alone diversity
policy, in considering whether to recommend any director nominee, including candidates recommended by stockholders, we believe that the
backgrounds and qualifications of the directors, considered as a group, should provide a significant mix of experience, knowledge and
abilities that will allow our board of directors to fulfill its responsibilities. As set forth in our corporate governance guidelines,
when considering whether directors and nominees have the experience, qualifications, attributes or skills, taken as