Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 273

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 273
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103,053 |     |      | 1,119,356 |
| Total lease cost                              |     | $                 | 1,121,494 |     | $    | 1,141,778 |

| (1) | Included in “Cost of sales”,                                                                                   
 “Sales and Marketing” and “General and Administrative “expenses in the accompanying consolidated statements of 
 operations.                                                                                                    |

|                                                                     |     | September 30, |     |   |     |      |     |   |
|                                                                     |     |          2024 |     |   |     | 2023 |     |   |
| Weighted-average remaining lease term – operating leases (in years) |     |               | 5.5 |   |     |      | 6.2 |   |
| Weighted-average discount rate – operating leases                   |     |               |  22 | % |     |      |  22 | % |

The Company’s ROU assets and liabilities
for operating leases were $ and $, respectively, as of September 30, 2024. The ROU assets and liabilities for operating
leases were $ and $, respectively, as of December 31, 2023. The ROU assets for operating leases were included in
“Operating Lease Right-of-Use Assets, net” in the accompanying consolidated balance sheets. The liabilities for operating
leases were included in the “Operating Lease Liabilities, Current” and “Operating Lease Liabilities, net of Current
Portion” in the accompanying consolidated balance sheets.

| Years Ending            |     | Amounts |            |   |
|:------------------------|:----|:--------|-----------:|:--|
|                         |     | $       |    353,212 |   |
| 2025                    |     |         |  1,313,344 |   |
| 2026                    |     |         |  1,254,722 |   |
| 2027                    |     |         |  1,237,902 |   |
| 2028                    |     |         |  1,225,327 |   |
| thereafter              |     |         |  1,887,780 |   |
| Total lease payments    |     | $       |  7,272,287 |   |
| Less: Interest          |     |         | (3,170,210 | ) |
| Total Lease Liabilities |