Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 234

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 234
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 an automobile allowance of $950 per month during the term of his or her employment agreement. Under their respective employment agreements, we also have agreed to transfer to Mr. Stiefel or his estate life insurance policies on the life of Mr. Stiefel with aggregate death benefits of $25,000,000 currently owned by us and to Ms. Stiefel or her estate life insurance policies on the life of Ms. Stiefel with aggregate death benefits of $10,650,000 currently owned by us, and to continue to pay the premiums on such life insurance policies during such executive’s continued employment with our company and for a period of 12 months following termination of employment. Under each of the employment agreements, the executive will be entitled to severance in the event we terminate his or her employment without Cause (as defined in the employment agreement), the executive resigns his or her employment for Good Reason (as defined in the employment agreement), or he or she is terminated as a result of death or disability. The severance amount for each executive would be (i) his or her pro rata base salary through the date of termination, (ii) any earned but unpaid bonus awards, (iii) the vesting of any unvested restricted stock units, subject in the case of termination for any reason other than death or disability to the satisfaction of any performance -basedvesting conditions, and (iv) a severance amount equal to 12 months’ base salary (or three months if such termination is due to disability). In relation to each such executive’s employment agreement, each executive also executed our standard employee agreements containing customary confidentiality restrictions and work -productprovisions, as well as customary non -competitioncovenants and non -solicitationcovenants with respect to our employees, consultants and customers.

137

Equity Compensation Plan Information The following table provides information as of November25, 2025, regarding our compensation plans under which equity securities are authorized for issuance:

| Plan category                                              |     |        Number of 
 Securities to be 
      Issued Upon 
      Exercise of 
      Outstanding 
         Options, 
     Warrants and 
           Rights 
              (a) |     | Weighted-      
 Average        
 Exercise Price 
 of Outstanding 
 Options,       
 Warrants and   
 Rights         
 (b)            |          |     |    Number of 
   Securities 
    Remaining 
    Available 
   for Future 
     Issuance 
 Under Equity 
 Compensation 
        Plans 
   (Excluding