Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 102

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 102
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 | this                                                                                       
 prospectus, in final form, and all reports, schedules, registrations, forms, statements,   
 information and other documents required to have been filed by us with the SEC pursuant to 
 the reporting requirements of the Exchange Act having been so filed;                       |

| ● | the                                                                                          
 common stock not having been suspended by the SEC, Nasdaq or FINRA and there not having been 
 imposed any suspension of, or restriction on, accepting additional deposits of common stock  
 by The Depository Trust Company;                                                             |

| ● | no                                                                                        
 condition, occurrence, state of facts or event constituting a Material Adverse Effect (as 
 defined in the Purchase Agreement) shall have occurred and be continuing;                 |

| ● | customary                                                   
 compliance with laws and bankruptcy-related conditions; and |

| ● | the                                                                                       
 receipt by the Investor of a customary legal opinion, as required under the ELOC Purchase 
 Agreement.                                                                                |

Termination of the Purchase Agreement Unless earlier terminated as provided in the ELOC Purchase Agreement, the ELOC Purchase Agreement will terminate automatically on the earliest to occur of:

| ● | the                                                                                      
 first day of the month next following the 36-month anniversary of the Commencement Date; |

| ● | the date on which the Investor shall have purchased the Commitment Amount; |

| ● | the                                                                                                                                        
 ninetieth day after the date on which, pursuant to or within the meaning of any bankruptcy law, we commence a voluntary case or any person 
 commences a proceeding against us, in each case that is not discharged or dismissed prior to such ninetieth day; and                       |

| ● | the                                                                                                                                     
 date on which, pursuant to or within the meaning of any bankruptcy law, a custodian is appointed for us or for all or substantially all 
 of our property, or we make a general assignment for the benefit of our creditors.                                                      |

62 We have the right to terminate the ELOC Purchase Agreement at any time after Commencement Date, at no cost or penalty, upon one business day’s prior written notice to the Investor, subject to us satisfying all existing obligations related to any shares of common stock issued to the Investor prior to the date of termination. We or the Investor may also terminate the ELOC Purchase Agreement at the close of business on the one year anniversary of the signing of the ELOC Purchase Agreement or thereafter, in the event the Commencement Date shall not have occurred prior to such one year anniversary due to our failure to satisfy the conditions precedent to commencement