Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 17

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 17
---
less Exercise, if applicable) is received on the same Trading Day as         
 the Notice of Exercise. The Company shall maintain a transfer agent that is a participant        
 in the FAST Program so long as this Warrant remains outstanding and exercisable. The Holder      
 acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if issued       
 in restricted book-entry form, will contain a customary legend to the effect that the Warrant    
 Shares are not registered. If the Company fails for any reason to deliver to the Holder the      
 Warrant Shares subject to a Notice of Exercise within the Standard Settlement Period, the        
 Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for        
 each $1,000 of Warrant Shares subject to such exercise (based on the Weighted Average Price      
 of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day       
 (increasing to $20 per Trading Day on the fifth Trading Day after the Standard Settlement        
 Period) for each Trading Day after such Standard Settlement Period until such Warrant Shares     
 are delivered to said Holder or the Holder rescinds such exercise.                               |

| -3- |

| (ii) | Delivery                                                                                        
 of New Warrant Upon Exercise. If this Warrant shall have been exercised in part, the            
 Company shall, at the request of a Holder and upon surrender of this Warrant certificate,       
 at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing   
 the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, 
 which new Warrant shall in all other respects be identical with this Warrant.                   |

| (iii) | Compensation                                                                                     
 for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to             
 any other rights available to the Holder, if within the Standard Settlement Period the Company   
 fails to cause its transfer agent to transmit to the Holder the Warrant Shares in accordance     
 with the provisions of Section 3(b)(i) above pursuant to an exercise (other than a               
 failure caused by incorrect or incomplete information provided by the Holder to the Company),    
 and if after such date the Holder is required by its broker to purchase (in an open market       
 transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, shares             
 of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares         
 which the Holder anticipated receiving upon such