Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 88

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 88
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 deemed cancelled.

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b. The Purchase Price shall be paid in either cash, USDC or $IP Tokens, as mutually agreed between the Issuer and Subscriber, in such amounts as indicated in Subscriber’s signature page of this Subscription Agreement. If Subscriber elects to pay the Purchase Price in USDC, then the number of USDC to be paid to Issuer shall equal (a) the Purchase Price divided by (b) $1.00 (the “ USDC Amount”). If Subscriber elects to pay the Purchase Price in $IP Tokens, then the number of $IP Tokens to be paid to Issuer shall equal (a) the Purchase Price divided by (b) (i) $5.2413, in the case of the Story Core Contributors, (ii) $3.40, in the case of Story Foundation, and (iii) $6.5516, in the case of any Subscriber that is not a Story Core Contributor or Story Foundation ((i), (ii) or (iii), as applicable, the “ $IP Token Amount”).

(i) On or prior to the date the conditions set forth in Sections 3.c, 3.dand 3.e(other than those conditions that by their nature are to be satisfied at Closing) are waived or satisfied (the “ Payment Deadline”), if Subscriber is paying in cash, Subscriber will pay its total Purchase Price by wire transfer of immediately available funds in accordance with wire instructions provided by the Issuer to Subscriber. On or prior to the Closing Date, if Subscriber is paying in USDC or $IP Tokens, Subscriber will pay its total USDC Amount or the applicable $IP Token Amount, as applicable, free and clear of any liens, encumbrances or other restrictions, to the Issuer’s wallet address in accordance with the written instructions provided by the Issuer to Subscriber.

(ii) At the Closing, the Issuer shall deliver or cause to be delivered to Subscriber a number of Securities, registered in the name of Subscriber (or its nominee in accordance with Subscriber’s delivery instructions), equal to the number of Securities indicated on Subscriber’s signature page to this Subscription Agreement. The Issuer will deliver to Subscriber as promptly as practicable after the Closing, evidence from the Issuer’s transfer agent of the issuance to Subscriber of their Common Stock on and as of the Closing Date and, if applicable, Pre-Funded Warrants in certificated form.

c. Subject to the satisfaction or waiver of the conditions set forth in Sections 3