Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 194

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 194
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 shares held by Mr. Stiefel. |

| (4) | Represents                                                                               
 five shares of common stock and 184 shares of common stock issuable upon the exercise of 
 options that may be exercised within 60 days of January 22, 2025.                        |

| (5) | Represents                                                                                 
 12,500 shares of common stock and 570 shares of common stock issuable upon the exercise of 
 options that may be exercised within 60 days of January 22, 2025.                          |

| (6) | Represents                                                                                
 3,750 shares of common stock and 570 shares of common stock issuable upon the exercise of 
 options that may be exercised within 60 days of January 22, 2025.                         |

125 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Procedures for Approval of Related Party Transactions A “related party transaction” is any actual or proposed transaction, arrangement or relationship or series of similar transactions, arrangements or relationships, including those involving indebtedness not in the ordinary course of business, to which we or our subsidiaries were or are a party, or in which we or our subsidiaries were or are a participant, in which the amount involved exceeded or exceeds the lesser of (i) $120,000 or (ii) one percent of the average of our total assets at year-end for the last two completed fiscal years and in which any related party had or will have a direct or indirect material interest. A “related party” includes:

| ● | any                                                                                           
 person who is, or at any time during the applicable period was, one of our executive officers 
 or one of our directors;                                                                      |

| ● | any                                                            
 person who beneficially owns more than 5% of our common stock; |

| ● | any                                                 
 immediate family member of any of the foregoing; or |

| ● | any                                                                                        
 entity in which any of the foregoing is a partner or principal or in a similar position or 
 in which such person has a 10% or greater beneficial ownership interest.                   |

In connection with the consummation of the IPO we completed in November 2024, our board of directors adopted a written related-party transactions policy. Pursuant to this policy, the Audit Committee of our board of directors review all material facts of all related-party transactions and either approve or disapprove entry into the related-party transaction. In determining whether to approve or disapprove entry into a related-party transaction, our Audit Committee shall take into account, among other