Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 169

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 169
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 a general partner or executive officer either at the time of the bankruptcy or within 
 two years prior to that time;                                                             |

| 2. | any                                                                                              
 conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding 
 traffic violations and other minor offenses);                                                    |

| 3. | being                                                                                        
 subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated,  
 of any court of competent jurisdiction, permanently or temporarily enjoining him from or     
 otherwise limiting his involvement in any type of business, securities or banking activities 
 or to be associated with any person practicing in banking or securities activities;          |

| 4. | being                                                                                     
 found by a court of competent jurisdiction in a civil action, the SEC or the CFTC to have 
 violated a Federal or state securities or commodities law, and the judgment has not been  
 reversed, suspended, or vacated;                                                          |

| 5. | being                                                                                          
 the subject of, or a party to, any Federal or state judicial or administrative order, judgment 
 decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged    
 violation of any Federal or state securities or commodities law or regulation, any law or      
 regulation respecting financial institutions or insurance companies, or any law or regulation  
 prohibiting mail or wire fraud or fraud in connection with any business entity; or             |

| 6. | being                                                                                           
 the subject of or party to any sanction or order, not subsequently reversed, suspended, or      
 vacated, of any self-regulatory organization, any registered entity or any equivalent exchange, 
 association, entity or organization that has disciplinary authority over its members or persons 
 associated with a member.                                                                       |

Board Composition and Structure; Director Independence

Our business and affairs are managed under the direction of our board of directors, which consists of eight members. In accordance with the terms of our amended and restated certificate of incorporation and amended and restated bylaws, our board of directors are divided into three classes, Class I, Class II and Class III, with each class serving staggered three-year terms. Upon the expiration of the term of a class of directors, directors in that class are eligible to be elected for a new three-year term at the annual meeting of stockholders in the year in which their term expires. Set forth below is information regarding the membership of each class of directors, effective as of the closing of this offering.

| Director:           |     | Initial                                 
 Term Expires: