Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 65

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 65
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 Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares     
 shall be issued upon the exercise of this Warrant. As to any fraction of a share which the   
 Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at     
 its election, either pay a cash adjustment in respect of such final fraction in an amount    
 equal to such fraction multiplied by the Exercise Price or round up to the next whole share. |

| vii. | Charges,                                                                                       
 Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder      
 for any issue or transfer tax or other incidental expense in respect of the issuance of such   
 Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant 
 Shares shall be issued in the name of the Holder or in such name or names as may be directed   
 by the Holder; provided, however, that, in the event that Warrant Shares are                   
 to be issued in a name other than the name of the Holder, this Warrant when surrendered for    
 exercise shall be accompanied by the Assignment Form attached hereto as Exhibit C              
 duly executed by the Holder and the Company may require, as a condition thereto, the payment   
 of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company       
 shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise   
 and all fees to the Depository Trust Company (or another established clearing corporation      
 performing similar functions) required for same-day electronic delivery of the Warrant Shares. |

| 7 |

| viii. | Closing                                                                                   
 of Books. The Company will not close its stockholder books or records in any manner which 
 prevents the timely exercise of this Warrant, pursuant to the terms hereof.               |

| e) | Holder’s                                                                                          
 Exercise Limitations. The Company shall not effect any exercise of this Warrant, and              
 a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section    
 2 or otherwise, to the extent that after giving effect to such issuance after exercise as         
 set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s            
 Affiliates, and any other Persons acting as a group together with the Holder or any of the        
 Holder’s Affiliates (such Persons, “Attribution Parties”)), would                                 
 beneficially own in excess of the Beneficial Ownership Limitation (as