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

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 25
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 as this Warrant is outstanding, if the Company shall          
 declare or make any dividend or other distribution of its assets (or rights to acquire its         
 assets) to holders of any class of shares of Common Stock, by way of return of capital or          
 otherwise (including, without limitation, any distribution of cash, stock or other securities,     
 property or options by way of a dividend, spin off, reclassification, corporate rearrangement,     
 scheme of arrangement or other similar transaction) (other than as a result of a stock dividend    
 covered by Section 4(a) above) (a “Distribution”), then,                                           
 in each such case, the Holder shall be entitled to participate in such Distribution to the         
 same extent that the Holder would have participated therein if the Holder had held the number      
 of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard        
 to any limitations on exercise hereof, including, without limitation, the Beneficial Ownership     
 Limitation) immediately before the date of which a record is taken for such Distribution,          
 or, if no such record is taken, the date as of which the record holders of shares of Common        
 Stock are to be determined for the participation in such Distribution; provided, however,          
 to the extent that the Holder’s right to participate in any such Distribution would                
 result in the Holder together with any Affiliates and Attribution Parties exceeding the Beneficial 
 Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution    
 to such extent (or in the beneficial ownership of any shares of Common Stock as a result           
 of such Distribution to such extent) and the portion of such Distribution shall be held in         
 abeyance for the benefit of the Holder until such time, if ever, as either its right thereto       
 would not result in the Holder together with any Affiliates and Attribution Parties exceeding      
 the Beneficial Ownership Limitation.                                                               |

| -7- |

| (d) | Fundamental                                                                                         
 Transaction. If, at any time while this Warrant is outstanding (i) the Company, directly            
 or indirectly, in one or more related transactions, effects any merger or consolidation of          
 the Company with or into another Person, in which the Company is not the surviving entity           
 or the stockholders of the Company immediately prior to such merger or consolidation do not         
 own, directly or indirectly, at least 50% of the voting power of the surviving entity immediately   
 after such merger or consolidation, (ii) the Company, directly