Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 27

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 27
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 this Warrant      
 without regard to any limitations on exercise contained herein; provided, that to the extent        
 that the Holder’s right to receive any such Alternate Consideration would result in                 
 the Holder and the other Attribution Parties exceeding the Beneficial Ownership Limitation,         
 then the Holder shall not be entitled to receive such Alternate Consideration to such extent        
 (and shall not be entitled to beneficial ownership of such Common Stock as a result of such         
 Alternate Consideration (and beneficial ownership) to such extent) and at the Holder’s              
 election, in its sole discretion, either (1) such Alternate Consideration to such extent            
 shall be held in abeyance for the benefit of the Holder until such time or times as its right       
 thereto would not result in the Holder and the other Attribution Parties exceeding the Beneficial   
 Ownership Limitation, at which time or times the Holder shall be granted such right (and            
 any Alternate Consideration granted, issued or sold on such initial receipt or on any subsequent    
 receipt to be held similarly in abeyance) to the same extent as if there had been no such           
 limitation) or (2) the Company shall offer the Holder the right upon receipt of such Alternate      
 Consideration to acquire a security (e.g., a pre-funded warrant) that would not result              
 in the Holder and the other Attribution Parties exceeding the Beneficial Ownership Limitation       
 but will otherwise to the extent possible have economic and other rights, preferences and           
 privileges substantially consistent and on par with the securities or other property issuable       
 upon exercise of the originally offered Alternate Consideration. For purposes of any such           
 exercise, the determination of the Exercise Price shall be appropriately adjusted to apply          
 to such Alternate Consideration based on the amount of Alternate Consideration issuable in          
 respect of one share of Common Stock in such Fundamental Transaction, and the Company shall         
 apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting    
 the relative value of any different components of the Alternate Consideration. If holders           
 of Common Stock are given any choice as to the securities, cash or property to be received          
 in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate    
 Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. 
 Any such payment of such amount of such Alternate Consideration shall be made in the same           
 form of consideration (whether securities, cash or property) as is given to the holders of          
 Common Stock in such Fundamental Transaction, and if multiple forms