Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 67

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 67
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 may rely on the         
 number of outstanding shares of Common Stock as reflected in (A) the Company’s most               
 recent periodic or annual report filed with the Commission, as the case may be, (B) a more        
 recent public announcement by the Company or (C) a more recent written notice by the Company      
 or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon        
 the written or oral request of a Holder, the Company shall within one Trading Day confirm         
 orally and in writing to the Holder the number of shares of Common Stock then outstanding.        
 In any case, the number of outstanding shares of Common Stock shall be determined after giving    
 effect to the conversion or exercise of securities of the Company, including this Warrant,        
 by the Holder or its Affiliates or Attribution Parties since the date as of which such number     
 of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation”         
 shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants, 9.99%)       
 of the number of shares of Common Stock outstanding immediately after giving effect to the        
 issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon       
 notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions    
 of this Section 2(e), provided that the Beneficial Ownership Limitation in no event exceeds       
 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect     
 to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder        
 and the provisions of this Section 2(e) shall continue to apply. Any increase in the Beneficial   
 Ownership Limitation will not be effective until the 61st day after such notice                   
 is delivered to the Company. The provisions of this paragraph shall be construed and implemented  
 in a manner otherwise than in strict conformity with the terms of this Section 2(e) to correct    
 this paragraph (or any portion hereof) which may be defective or inconsistent with the intended   
 Beneficial Ownership Limitation herein contained or to make changes or supplements necessary      
 or desirable to properly give effect to such limitation. The limitations contained in this        
 paragraph shall apply to a successor holder of this Warrant.                                      |

| 8 |

Section 3. Certain Adjustments.

a) Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i