Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 251

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 251
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 that may be exercised within 60 days of October 13, 2025. (6)Represents 154,500shares of common stock and 300,000shares of common stock held in Mr.Varga’s IRA account. 149 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Procedures for Approval of Related Party Transactions A “related party transaction” is any actual or proposed transaction, arrangement or relationship or series of similar transactions, arrangements or relationships, including those involving indebtedness not in the ordinary course of business, to which we or our subsidiaries were or are a party, or in which we or our subsidiaries were or are a participant, in which the amount involved exceeded or exceeds the lesser of (i) $120,000 or (ii) one percent of the average of our total assets at year -endfor the last two completed fiscal years and in which any related party had or will have a direct or indirect material interest. A “related party” includes: •any person who is, or at any time during the applicable period was, one of our executive officers or one of our directors; •any person who beneficially owns more than 5% of our common stock; •any immediate family member of any of the foregoing; or •any entity in which any of the foregoing is a partner or principal or in a similar position or in which such person has a 10% or greater beneficial ownership interest. In November 2024, our board of directors adopted a written related -partytransactions policy. Pursuant to this policy, the Audit Committee of our board of directors reviews all material facts of all related -partytransactions and either approves or disapproves entry into the related -partytransaction. In determining whether to approve or disapprove entry into a related -partytransaction, our Audit Committee takes into account, among other factors, the following: (i) the benefits of the transaction; (ii) the terms of the transaction; and (iii) whether the transaction would impact the independence of a Related Party, as defined in the policy. Related Party Transactions With the exception of the compensation arrangements for our named executive officers and directors, which are describe above, and the transactions set forth below, we were not a party to any related party transactions during the year ended December 31, 2024 or since December 31, 2024, and there are no currently proposed related -partytransaction that is under consideration by us. Transactions with Tiburon Opportunity Fund, L.P.Between April 19,