Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 398

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 398
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   | December 31, 
         2023 |   |
|:---------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Silverview Loan            |     | $ |   10,682,438 |   |     | $ |   12,250,000 |   |
| PPP Loan                   |     |   |    2,269,456 |   |     |   |    2,269,456 |   |
| COVID19 TTS Loan           |     |   |       39,247 |   |     |   |            — |   |
| City of Eugene             |     |   |      389,875 |   |     |   |            — |   |
| 2023 Channel Partners Loan |     |   |            — |   |     |   |      149,824 |   |
| Total Notes Payable        |     |   |   13,381,016 |   |     |   |   14,669,280 |   |
| Less: Debt Issuance Costs  |     |   |     (140,082 | ) |     |   |     (398,324 | ) |
|                            |     | $ |   13,240,934 |   |     | $ |   14,270,956 |   |

In March and September 2021, the Company executed a secured term loan agreement and an amendment with Silverview Credit Partners, L.P. (the “Silverview Loan”) for an aggregate borrowing capacity of $. The Silverview Loan originally matured on April 15, 2025, which was extended to October 25, 2026 as part of the Silverview Loan modification executed on October 1, 2024. The Silverview Loan accrued interest through the 18-month anniversary of the closing date at (i) a fixed rate of %, which portion was payable in cash, and (ii) at a fixed rate of %, which portion was payable in kind and added to the outstanding obligations as principal. Effective on the 19th month anniversary of the closing date, the Silverview Loan accrues interest at a fixed rate of % through maturity. Interest payable in cash is required to be repaid on the fifteenth day of each calendar

F-72 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 6 — BOR