Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 201

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 201
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 issuable on the basis that the conditions for such
issuance will not be satisfied, (iii) shares are forfeited under an award, (iv) shares are issued under any award and we subsequently
reacquire them pursuant to rights reserved upon the issuance, (v) an award or a portion thereof is settled in cash, or shares are
withheld by us in payment of the exercise price or withholding taxes of an award, then such shares will be recredited to the reserve and
may again be used for new awards. However, shares recredited to reserve pursuant to clause (iv) in the preceding sentence may be
subject to further restrictions as called for in the 2024 Plan. The payment of dividend equivalents in cash in conjunction with any outstanding
awards shall not count against the overall share limit in the 2024 Plan.

Adjustments to Shares.If,
as a result of any reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other similar
change in our capital stock, the outstanding shares are increased or decreased or are exchanged for a different number or kind of shares
or other securities of our company, or additional shares or new or different shares or other securities of our company or other non-cash
assets are distributed with respect to such shares or other securities, or, if, as a result of any merger, consolidation or sale of all
or substantially all of our assets, the outstanding shares are converted into or exchanged for a different number or kind of securities
of our company or any successor entity (or a parent or subsidiary thereof), the administrator will make an appropriate or proportionate
adjustment if allowed or required in (i) the maximum number of shares reserved for issuance under our 2024 Plan; (ii) the number
and kind of shares or other securities subject to any then outstanding awards under our 2024 Plan; and (iii) the exercise price for
each share subject to any then outstanding stock options. If required, the administrator also may adjust the number of shares subject
to outstanding awards and the exercise price and the terms of outstanding awards to take into consideration material changes in accounting
practices or principles, extraordinary dividends, acquisitions or dispositions of stock or property or any other event if it is determined
by the administrator that such adjustment is appropriate to avoid distortion in the operation of our 2024 Plan, subject to the limitations
described in our 2024 Plan.

Effect of a Sale Event.Unless