Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 358

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 358
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(1)             |     |              | 1,495,846 |     |      | 1,512,015 |
| Total lease cost                    |     | $            | 1,525,420 |     | $    | 1,563,587 |

| (1) | Included in “Cost of sales”, “Sales and Marketing”                                                   
 and “General and Administrative “expenses in the accompanying consolidated statements of operations. |

The following table presents weighted-average remaining
lease terms and weighted-average discount rates for the consolidated operating leases as of December 31, 2023 and 2022, respectively:

|                                                                     |     | December 31, |    |   |     |      |     |   |
|                                                                     |     |         2023 |    |   |     | 2022 |     |   |
| Weighted-average remaining lease term – operating leases (in years) |     |              |  6 |   |     |      | 6.5 |   |
| Weighted-average discount rate – operating leases                   |     |              | 22 | % |     |      |  22 | % |

The Company’s ROU assets and liabilities for
operating leases were $3,658,493 and $4,376,630, respectively, as of December 31, 2023. The ROU assets and liabilities for operating leases
were $3,841,480 and $4,739,182, respectively, as of December 31, 2022. The ROU assets for operating leases were included in “Operating
Lease Right-of-Use Assets, net” in our accompanying consolidated balance sheets. The liabilities for operating leases were included
in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current Portion” in the
accompanying consolidated balance sheets.

<div align='center'>F-72

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements</div>

NOTE 11 — LEASES (cont.)

Maturities of lease liabilities for the years
through 2028 and thereafter are as follows:

| Years Ending            |     | Amounts |            |   |
|:------------------------|:----|:--------|-----------:|:--|
| 2024                    |     | $       |  1,449,504 |   |
| 2025                    |     |         |  1,245