Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 184

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 184
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 non-employee director is designated to participate on a committee of our board of directors as either a chairperson or non-chairperson member, such director is entitled to compensation in addition to the quarterly cash fee in accordance with the following table:

|                                         |     | Chair |           |     | Member |           |
|:----------------------------------------|:----|:------|:----------|:----|:-------|:----------|
| Audit Committee                         |     | $     | 5,000/qtr |     | $      | 2,500/qtr |
| Compensation Committee                  |     | $     | 5,000/qtr |     | $      | 2,500/qtr |
| Nominating and Governance Committee     |     | $     | 5,000/qtr |     | $      | 2,500/qtr |
| Technology and Cryptocurrency Committee |     | $     | 5,000/qtr |     | $      | 2,500/qtr |

Directors serving as chair of a committee only earn the fee associated with their work as Chair; they are not eligible to earn both the Chair fee and the Member fee for their work on the same committee.

Equity Awards:

| ● | One-Time                                                                                  
 Initial RSU Award. Each newly appointed non-employee director receives a one-time initial 
 restricted stock unit (“RSU”) award for shares of our common stock, which shares          
 vest in arrears in two equal tranches on the first and second anniversaries of service on 
 our Board. The amount of awards is set by the Compensation Committee.                     |

| ● | One-Time                                                                                   
 Initial Stock Option Grant (optional). In addition to the one-time initial RSU Award,      
 each non-employee director shall also be eligible to receive a one-time initial grant of   
 stock options, each in an amount designated by the Compensation Committee of our board of  
 directors, from any equity compensation plan approved by the Compensation Committee of our 
 Board.                                                                                     |

| ● | Annual                                                                                           
 Grant Eligibility. The Compensation Committee, pursuant to the 2024 Plan, shall develop          
 the award type, eligibility amount, and vesting schedule of awards to be granted to non-employee 
 directors on an annual basis for continued service, concurrent with the annual stockholder       
 meeting.                                                                                         |

| ● | Retaining                                                                                      
 Awards. Directors who receive such awards for their service on the board will be entitled      
 to keep the vested grants for the