Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 241

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 241
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 investors secured convertible promissory notes in an aggregate principal amount of $800,000 (the “April 2024 Convertible Notes”),         
 which are initially convertible into an aggregate of up to 160,000 shares of common stock, based on an initial conversion                 
 price of $5.00. In addition, the Company issued to these institutional investors an aggregate of 75,000 shares of                         
 common stock in consideration of their providing financing to the Company.                                                                |
| ● | In June 2024, the Company issued to the same two institutional                                                                            
 investors to which it issued the April 2024 Convertible Notes, secured convertible promissory notes in an aggregate amount of $800,000,   
 which are initially convertible into an aggregate of up to 101,202 shares of common stock, based on an initial conversion                 
 price of $7.905, subject to adjustment, with a floor conversion price of $2.40. The Company also issued warrants to                       
 these institutional investors, exercisable for an aggregate of up to 74,460 shares of common stock, at an initial exercise                
 price of $7.905 per share, subject to adjustment.                                                                                         |
| ● | In August 2024, the Company issued to two investors                                                                                       
 promissory notes in the aggregate principal amount of $407,225.                                                                           |

The offer and sale of all securities listed in this item 15 was made to a limited number of accredited investors and qualified institutional buyers in reliance upon exemptions from the registration requirements pursuant to Section 4(a)(2) under the Securities Act and/or Regulation D promulgated under the Securities Act or in reliance upon Section 3(a)(9) of the Securities Act. Individuals who purchased securities as described above represented their intention to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were affixed to the share certificates issued in such transactions.

| II-3 |

Item 16. Exhibits and Financial Statement Schedules.

(a) Exhibits

The following exhibits are being filed with this Registration Statement:

| Exhibit 
 Number  |     | Description                                                                                                                                                                                                                                                 
 of Exhibit                                                                                                                                                                                                                                                  |
| 1.1**   |     | Form of Placement Agency Agreement between the Company and Spartan Capital Securities, LLC.                                                                                                                                                                 |
| 3.1     |     | Amended                                                                                                                                                                                                                                                     
 & Restated Certificate of Incorporation of Trio Petroleum Corp (incorporated by reference to Exhibit