Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 177

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 177
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, non-solicitation, confidentiality, trade secrets, intellectual property, non-disparagement or similar obligations. In addition, any awards granted pursuant to our 2024 Plan, and any shares issued or cash paid pursuant to an award, will be subject to any recoupment or claw-back policy that is adopted by us from time to time, or any recoupment or similar requirement otherwise made applicable to us by law, regulation or listing standards.

| 104 |

Repricing and Backdating Prohibited. Notwithstanding anything in our 2024 Plan to the contrary, and except for the adjustments provided for in our 2024 Plan, neither the administrator nor any other person may (i) amend the terms of outstanding stock options to reduce the exercise or grant price of such outstanding stock options; (ii) cancel outstanding stock options in exchange for stock options with an exercise or grant price that is less than the exercise or grant price of the original stock options; or (iii) cancel outstanding stock options with an exercise or grant price above the current fair market value of a share in exchange for cash or other securities. In addition, the administrator may not make a grant of a stock option with a grant date that is effective prior to the date the administrator takes action to approve the award.

Incentive Plan Awards

We did not make any stock option grants or other equity awards to our executive officers during the year ended December 31, 2023.

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth outstanding equity awards to our named executive officers as of December 31, 2024.

| Name             
 Justin           
 Stiefel          |     | Option      
 Awards      
 Number      
 of          
 Securities  
 Underlying  
 Unexercised 
 Options (#) 
 Exercisable |   |     | Option   
 Exercise 
 Price    |   |     | Option     
 Expiration 
 Date       |   |     | Stock         
 Awards        
 Number        
 of            
 Shares or     
 Units of      
 Stock         
 that have not 
 Vested(1)     |        |     | Market     
 Value of   
 Shares or  
 Units of   
 Stock that 
 have not   
 Vested(2)  |         |
|:-----------------|:----|:------------|:--|:----|:---------|:--|:----|:-----------|:--|:----|:--------------|-------:|:----|:-----------|--------:|
| Restricted       
 Stock Unit Award |     |             | — |