Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 209

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 209
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 a cash retainer
to directors for their service on the Board. Independent directors who served in 2024 agreed to defer cash compensation until after our
November 2024 offering. Independent directors earned $10,000 per year in cash compensation for services rendered in 2024, calculated pro
rata if a full year was not served.

The following table sets forth the aggregate non-employee
director compensation earned for services for the year ended December 31, 2024 (excluding compensation to our executive officers set forth
in the summary compensation table above). Directors Wensel, Baumann, Trevan, Alstead and Varga agreed to defer receipt of their fees until
2025.

| Name                        |     | Fees      
 Earned or 
 Paid in   
 Cash(1)   |        |     | Stock  
 Awards |         |     | All Other    
 Compensation |   |     | Total 
 ($)   |         |
|:----------------------------|:----|:----------|-------:|:----|:-------|--------:|:----|:-------------|:--|:----|:------|--------:|
| Jeffery Wensel, M.D., Ph.D. |     | $         | 10,000 |     | $      |  96,000 |     | $            | — |     | $     | 106,000 |
| Laura Baumann(2)            |     |           |  1,667 |     |        |       — |     |              | — |     |       |   1,667 |
| Eric S. Trevan, Ph.D.       |     |           | 10,000 |     |        |   8,000 |     |              | — |     |       |  18,000 |
| Christopher (Toby) Smith    |     |           | 10,000 |     |        |   8,000 |     |              | — |     |       |  18,000 |
| Troy Alstead(3)             |     |           |    833 |     |        |       — |     |              | — |     |       |     833 |
| Andrew Varga(3)             |     |           |    833 |     |        |       — |     |              | — |     |       |     833 |
| Total:                      |     | $         | 33,333 |     | $      |