Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 176

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 176
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 executive officers have not been involved in any of the following events during the past ten years:

| 1. | any bankruptcy petition filed by or against such person or                                                                            
 any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years 
 prior to that time;                                                                                                                   |

| 2. | any conviction in a criminal proceeding or being subject                                  
 to a pending criminal proceeding (excluding traffic violations and other minor offenses); |

| 3. | being subject to any order, judgment, or decree, not subsequently                                                                           
 reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting 
 his involvement in any type of business, securities or banking activities or to be associated with any person practicing in banking or      
 securities activities;                                                                                                                      |

| 4. | being found by a court of competent jurisdiction in a civil                                                                            
 action, the SEC or the CFTC to have violated a Federal or state securities or commodities law, and the judgment has not been reversed, 
 suspended, or vacated;                                                                                                                 |

| 5. | being the subject of, or a party to, any Federal or state                                                                              
 judicial or administrative order, judgment decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged 
 violation of any Federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions 
 or insurance companies, or any law or regulation prohibiting mail or wire 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