Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 208

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 208
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 —          |     |              |        42,000 |     | $ |    168,000 |
| Beth Marker                 |     | —             |     | —        |     | —          |     |              |               |     |   |            |
| Restricted Stock Unit Award |     | —             |     | —        |     | —          |     |              |         1,500 |     | $ |      6,000 |
| Danielle Perkins            |     | —             |     | —        |     | —          |     |              |               |     |   |            |
| Restricted Stock Unit Award |     | —             |     | —        |     | —          |     |              |         2,500 |     | $ |     10,000 |

| (1) | All Restricted Stock Unit Awards are “double trigger”                                                                                 
 and both a service-based component and a liquidity-event component (including applicable lock-up periods) must be satisfied prior to  
 an award being settled. The liquidity-event component of these Restricted Stock Unit Awards consists of (a) a Change of Control       
 (as defined in the related Restricted Stock Unit Award), (b) the expiration of any lock-up in connection with an IPO (as defined      
 in the related Restricted Stock Unit Award), (c) the Sale of a Heritage Brand (as defined in the related Restricted Stock Unit Award) 
 or the sale of any Heritage subsidiary, or any entity in which we have an ownership stake of no less than 10%; or upon our receipt of 
 a third-party valuation or outside investment valuing our company as a whole or any subsidiary at $200 million or more.               |

| (2) | The value reflected is based upon the fair grant value of $4.00 
 per share.                                                      |

<div align='center'>122

DIRECTOR COMPENSATION</div>

General

The following discussion describes the significant
elements of the expected compensation program for members of the board of directors and its committees. The compensation of our directors
is designed to attract and retain committed and qualified directors and to align their compensation with the long-term interests
of our shareholders. Directors who are also executive officers (each, an “Excluded Director”) are not be entitled to receive
any compensation for his or her service as a director, committee member or Chair of our board of directors or of any committee of our
board of directors.

Director Compensation

We have accrued, but never paid,