Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 16

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 16
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arization) 
 of any Notice of Exercise form be required. The Holder shall not be required to deliver the       
 original Warrant in order to effect an exercise hereunder. Execution and delivery of the          
 exercise notice shall have the same effect as cancellation of the original Warrant and issuance   
 of a New Warrant (as defined below) evidencing the right to purchase the remaining number         
 of Warrant Shares, if any. The Holder and any assignee, by acceptance of this Warrant,            
 acknowledge and agree that, by reason of the provisions of this paragraph, following the          
 purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available     
 for purchase hereunder at any given time may be less than the amount stated on the face hereof.   |

| (b) | Mechanics    
 of Exercise. |

| (i) | Delivery                                                                                         
 of Warrant Shares Upon Exercise. Upon exercise of this Warrant, the Company shall promptly       
 (but in no event later than the number of Trading Days comprising the Standard Settlement        
 Period): (1) credit such aggregate number of shares of Common Stock to which the Holder is       
 entitled pursuant to such exercise to the Holder’s or its designee’s balance                     
 account with The Depository Trust Company (“DTC”) through its Deposit/Withdrawal                 
 At Custodian system provided that the transfer agent is then a participant in the DTC Fast       
 Automated Securities Transfer Program (“FAST Program”) if either                                 
 (A) there is an effective registration statement permitting the issuance of such Warrant         
 Shares to or resale of such Warrant Shares by the Holder or (B) such Warrant Shares are eligible 
 for resale by the Holder without volume or manner-of-sale limitations pursuant to Rule 144       
 promulgated under the Securities Act, or (2) otherwise issue such Warrant Shares in the name     
 of the Holder or its designee in restricted book-entry form in the Company’s share               
 register. This Warrant shall be deemed to have been exercised upon proper delivery of the        
 Notice of Exercise and payment of the Exercise Price (or notification of Cashless Exercise)      
 in accordance with the terms hereof. Upon delivery of the Notice of Exercise, the Holder         
 shall be deemed for all corporate purposes to have become the holder of record of the Warrant    
 Shares with respect to which this Warrant has been exercised, irrespective of the date of        
 delivery of the Warrant Shares, provided that payment of the aggregate Exercise Price (or        
 notification of Cash