Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 66

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 66
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 defined below). For         
 purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned       
 by the Holder and its Affiliates and Attribution Parties shall include the number of shares       
 of Common Stock issuable upon exercise of this Warrant with respect to which such determination   
 is being made, but shall exclude the number of shares of Common Stock which would be issuable     
 upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned       
 by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion     
 of the unexercised or nonconverted portion of any other securities of the Company (including,     
 without limitation, any other Common Stock Equivalents) subject to a limitation on conversion     
 or exercise analogous to the limitation contained herein beneficially owned by the Holder         
 or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence,   
 for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance         
 with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder,      
 it being acknowledged by the Holder that the Company is not representing to the Holder that       
 such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is        
 solely responsible for any schedules required to be filed in accordance therewith. To the         
 extent that the limitation contained in this Section 2(e) applies, the 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  
 shall be in the sole discretion of the Holder, and 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 2(e),          
 in determining the number of outstanding shares of Common Stock, a Holder