Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 21
---
 Warrant, pursuant to         
 Section 3 or otherwise, to the extent that after giving effect to such issuance after            
 exercise as set forth on the applicable Notice of Exercise, the Holder (together with (i)        
 the Holder’s Affiliates, (ii) any other Persons acting as a group together with the              
 Holder or any of the Holder’s Affiliates, and (iii) any other Persons whose beneficial           
 ownership of the shares of Common Stock would or could be aggregated with the Holder’s           
 for purposes of Section 13(d) of the Exchange Act and the rules and regulations promulgated      
 thereunder (such Persons, “Attribution Parties”)), would beneficially                            
 own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of         
 the foregoing sentence, the aggregate 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 3(d), 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 3(d) 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