Company: TPET
Filing Date: 2025-02-26
Form Type: 8-K
Source: 0001493152-25-008353
Chunk: 0

Company: Trio Petroleum Corp.
Filing Date: 2025-02-26
Form: 8-K
Item: Item 1.01
Chunk 0
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Item       Entry                                  

Overview
of Leasehold Acquisition and Development Option Agreement and Asset Acquisition

As
reported in the Company’s Current Report on Form 8-K, filed with the Commission on January 5, 2024 (the “ January 5 th

As
also reported in the January 5 th

As
reported in the Company’s Current Report on Form 8-K, filed with the Commission on August 8, 2024, on August 5, 2024, the Company
and Heavy Sweet entered into Amendment No. 2 to the Asphalt Ridge Option Agreement (“ Amendment No. 2”), pursuant to which
the Company and Heavy Sweet extended the expiration date of the option by two months from August 10, 2024 to October 10, 2024.

As
reported in the Company’s Current Report on Form 8-K, filed with the Commission on August 8, 2024, on September 26, 2024, the Company
and Heavy Sweet entered into Amendment No. 3 to the Asphalt Ridge Option Agreement (“ Amendment No. 3”), pursuant to which
the Company and Heavy Sweet extended the expiration date of the option by two months from October 10, 2024 to December 10, 2024.

Amendment
No. 4 and Amendment No. 5 to Leasehold Acquisition and Development Option Agreement and Asset Acquisition

As
of November 20, 2024, the Company and Heavy Sweet entered into Amendment No. 4 to the Asphalt Ridge Option Agreement (“ Amendment
No. 4”), pursuant to which the Company and Heavy Sweet extended the expiration date of the option by two months from December 10,
2024 to February 10, 2025.

As
of January 27, 2025, the Company and Heavy Sweet entered into Amendment No. 5 to the Asphalt Ridge Option Agreement (“ Amendment
No. 5”), pursuant to which the Company and Heavy Sweet extended the expiration date of the option by two months from February 10, 2025 to April 10, 2025.

The
above descriptions of Amendment No. 4 and Amendment No. 5 are each qualified in its entirety by the text of Amendment No. 4 and Amendment
No. 5, copies of which are attached as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K.