Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 18

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 18
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 exercise (a “Buy-In”),                          
 then the Company shall promptly, and in any event within two (2) Business Days, either (A)       
 pay in cash to the Holder the amount, if any, by which (x) the Holder’s total purchase           
 price (including brokerage commissions, if any) for the shares of Common Stock so purchased      
 exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the         
 Company was required to deliver to the Holder in connection with the exercise at issue times     
 (2) the price at which the sell order giving rise to such purchase obligation was executed,      
 or (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent   
 number of Warrant Shares for which such exercise was not honored (in which case such exercise    
 shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock         
 that would have been issued had the Company timely complied with its exercise and delivery       
 obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase 
 price of $11,000 to cover a Buy-In with respect to an attempted exercise of this Warrant         
 with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause    
 (A) of the immediately preceding sentence the Company shall be required to pay the Holder        
 $1,000. Nothing herein shall limit a Holder’s right to pursue any other remedies available       
 to it hereunder, at law or in equity including, without limitation, a decree of specific         
 performance and/or injunctive relief with respect to the Company’s failure to timely             
 deliver Warrant Shares upon exercise of the Warrant as required pursuant to the terms hereof.    |

| (iv) | No                                                                                         
 Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares   
 shall be issued upon the exercise of this Warrant. As to any fraction of a share which the 
 Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at   
 its election, either pay a cash adjustment in respect of such final fractions in an amount 
 equal to such fraction multiplied by the Exercise Price or round up to the nearest whole   
 share of Common Stock.                                                                     |

| (v) | Charges,                                                                                       
 Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder      
 for any issue or transfer tax or other incidental expense in respect of the issuance