Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 28

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 28
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 of consideration are            
 given, the consideration shall be paid to the Holder in the same proportion as such consideration   
 is paid to the holders of Common Stock. The terms of any agreement pursuant to which a Fundamental  
 Transaction is effected shall include terms requiring any such successor or surviving entity        
 to comply with the provisions of this paragraph (d) and insuring that this Warrant (or any          
 such replacement security) will be similarly adjusted upon any subsequent Fundamental Transaction.  
 The Company shall not effect any Fundamental Transaction in which the Company is not the            
 surviving entity or the Alternate Consideration includes securities of another Person unless        
 (i) the Alternate Consideration is solely cash and the Company provides for the simultaneous        
 “cashless exercise” of this Warrant pursuant to Section 3(c) or (ii) prior                          
 to or simultaneously with the consummation thereof, any successor to the Company, surviving         
 entity or other Person (including any purchaser of assets of the Company) shall assume the          
 obligation to deliver to the Holder such Alternate Consideration as, in accordance with the         
 foregoing provisions, the Holder may be entitled to receive, and the other obligations under        
 this Warrant. The provisions of this paragraph (d) shall similarly apply to subsequent transactions 
 analogous of a Fundamental Transaction type.                                                        |

| -8- |

| (e) | Calculations.                                                                                   
 For purposes of this Section 4, any calculation of the number of shares of Common               
 Stock deemed to be issued and outstanding as of a given date shall not include treasury shares, 
 if any.                                                                                         |

| (f) | Par                                                                                     
 Value Limitation. Nothing herein shall be construed to allow for the Exercise Price per 
 share to be reduced to below the par value of the Common Stock.                         |

Section 5.Transfer of Warrant.Subject to compliance with all applicable securities laws, the Company shall, or will cause its transfer agent to, register the transfer of all or any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, together with a written assignment of this Warrant substantially in the form annexed hereto duly executed by the Holder, and payment for all applicable transfer taxes (if any) by the Holder. Upon any such registration or transfer, a new warrant to purchase Common Stock in substantially the form of this Warrant (any such new warrant, a “ New Warrant”) evidencing the portion of this Warrant so transferred shall be issued to the transferee, and a New Warrant evidencing the remaining