Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 63

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 63
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 Shares purchased            
 hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account         
 of the Holder’s or its designee’s balance account with The Depository Trust Company              
 through its Deposit or Withdrawal at Custodian system (“DWAC”) if the                            
 Company is then a participant in such system and either (A) there is an effective registration   
 statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares       
 by Holder or (B) this Warrant is exercised via cashless exercise, and otherwise by physical      
 delivery of a certificate, registered in the Company’s share register in the name of             
 the Holder or its designee, for the number of Warrant Shares to which the Holder is entitled     
 pursuant to such exercise to the address specified by the Holder in the Notice of Exercise       
 by the date that is the earlier of (i) one (1) Trading Day after the delivery to the Company     
 of the Notice of Exercise and (ii) the number of Trading Days comprising the Standard Settlement 
 Period after the delivery to the Company of the Notice of Exercise (such date, the “Warrant      
 Share Delivery Date”). Upon delivery of the Notice of Exercise, the Holder shall                 
 be deemed for all corporate purposes to have become the holder of record of the Warrant Shares   
 with respect to which this Warrant has been exercised, irrespective of the date of delivery      
 of the Warrant Shares, provided that payment of the aggregate Exercise Price (other than         
 in the case of a cashless exercise) is received within the earlier of (i) one (1) Trading        
 Day after delivery of the aggregate Exercise Price to the Company and (ii) the number of         
 Trading Days comprising the Standard Settlement Period following delivery of the Notice of       
 Exercise. If the Company fails for any reason to deliver to the Holder the Warrant Shares        
 subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay        
 to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant   
 Shares subject to such exercise (based on the VWAP of the Common Stock on the date of the        
 applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on        
 the third Trading Day after the Warrant Share Delivery Date) for each Trading Day after such     
 Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such      
 exercise. The Company agrees to maintain