Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 14

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 14
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 | “Standard                                                                                       
 Settlement Period” means the standard settlement period, expressed in a number                  
 of Trading Days, for the Company’s primary trading market or quotation system with              
 respect to the Common Stock that is in effect on the date of delivery of an applicable exercise 
 notice, which as of the Issue Date was “T+1”.                                                   |

| (h) | “Trading                                                                      
 Day” means any day on which the Common Stock is traded on the Trading Market. |

| (i) | “Trading                                                                                   
 Market” means the principal securities exchange or securities market, including            
 an over-the-counter market, on which the Common Stock is then traded in the United States. |

| (j) | “Weighted                                                                                      
 Average Price” means, for any security as of any date, the dollar volume-weighted              
 average price for such security on the Trading Market during the period beginning at 9:30:01   
 a.m., New York City time, and ending at 4:00:00 p.m., New York City time, as reported by       
 Bloomberg through its “Volume at Price” function or, if the foregoing does not                 
 apply, the dollar volume-weighted average price of such security in the over-the-counter       
 market on the electronic bulletin board for such security during the period beginning at       
 9:30:01 a.m., New York City time, and ending at 4:00:00 p.m., New York City time, as reported  
 by Bloomberg, or, if no dollar volume-weighted average price is reported for such security     
 by Bloomberg for such hours, the average of the highest closing bid price and the lowest       
 closing ask price of any of the market makers for such security as reported in the “pink       
 sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding   
 to its functions of reporting prices). If the Weighted Average Price cannot be calculated      
 for such security on such date on any of the foregoing bases, the Weighted Average Price       
 of such security on such date shall be the fair market value as mutually determined by the     
 Company and the Holder. If the Company and the Holder are unable to agree upon the fair market 
 value of such security, then such dispute shall be resolved pursuant to Section 6(m)           
 with the term “Weighted Average Price” being substituted for the term “Exercise                
 Price.” All such determinations shall be appropriately adjusted for any stock dividend,        
 stock split, stock combination or other similar