Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 22

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 22
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 the submission of a Notice     
 of Exercise shall be deemed to be the Holder’s determination of whether this Warrant             
 is exercisable (in relation to other securities owned by the Holder together with any Affiliates 
 and Attribution Parties) and of which portion of this Warrant is exercisable, in each case       
 subject to the Beneficial Ownership Limitation, and the Company shall have no obligation         
 to verify or confirm the accuracy of such determination. In addition, a determination as         
 to any group status as contemplated above shall be determined in accordance with Section         
 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes     
 of this Section 3(d), in determining the number of outstanding shares of Common Stock            
 the Holder may acquire upon the exercise of this Warrant without exceeding the Beneficial        
 Ownership Limitation, a Holder 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 (the “Reported Outstanding Share                    
 Number”). If the Company receives a Notice of Exercise from the Holder at a                      
 time when the actual number of outstanding shares of Common Stock is less than the Reported      
 Outstanding Share Number, the Company shall (i) notify the Holder in writing of the number       
 of shares of Common Stock then outstanding and, to the extent that such Notice of Exercise       
 would otherwise cause the Holder’s beneficial ownership, as determined pursuant to               
 this Section 3(d), to exceed the Beneficial Ownership Limitation, the Holder must                
 notify the Company of a reduced number of Warrant Shares to be purchased pursuant to such        
 Notice of Exercise (the number of shares by which such purchase is reduced, the “Reduction       
 Shares”) and (ii) as soon as reasonably practicable, the Company shall return                    
 to the Holder any exercise price paid by the Holder for the Reduction Shares. 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