Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 248

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 248
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 our board of directors at the closing of our November 2024 initial public offering and the fees shown in the table above represents fees for December 2024. Cash Compensation.Under a new director compensation program adopted in connection with our November 2024 initial public offering, we pay each non -employeedirector a cash fee, payable quarterly, of $40,000 per year for service on our board of directors. Committee Fees.If a non -employeedirector is designated to participate on a committee of our board of directors as either a chairperson or non -chairpersonmember, such director is entitled to compensation in addition to the quarterly cash fee in accordance with the following table:

|                                         |     | Chair |           |     | Member |           |
|:----------------------------------------|:----|:------|:----------|:----|:-------|:----------|
| Audit Committee                         |     | $     | 5,000/qtr |     | $      | 2,500/qtr |
| Compensation Committee                  |     | $     | 5,000/qtr |     | $      | 2,500/qtr |
| Nominating and Governance Committee     |     | $     | 5,000/qtr |     | $      | 2,500/qtr |
| Technology and Cryptocurrency Committee |     | $     | 5,000/qtr |     | $      | 2,500/qtr |

Directors serving as chair of a committee only earn the fee associated with their work as Chair; they are not eligible to earn both the Chair fee and the Member fee for their work on the same committee.

146 Equity Awards: • One -Time Initial RSU Award. Each newly appointed non -employeedirector receives a one -timeinitial restricted stock unit (“RSU”) award for shares of our common stock, which shares vest in arrears in two equal tranches on the first and second anniversaries of service on our Board. The amount of awards is set by the Compensation Committee. • One -Time Initial Stock Option Grant (optional). In addition to the one -timeinitial RSU Award, each non -employeedirector shall also be eligible to receive a one -timeinitial grant of stock options, each in an amount designated by the Compensation Committee of our board of directors, from any equity compensation plan approved by the Compensation Committee of our Board. • Annual Grant Eligibility. The Compensation Committee, pursuant to the 2024 Plan, shall develop the