Company: TPET
Filing Date: 2025-09-04
Form Type: S-3
Source: 0001493152-25-012641
Chunk: 22

Company: Trio Petroleum Corp.
Filing Date: 2025-09-04
Form: S-3
Chunk 22
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3i, LP, and Maier Joshua Tarlow is the manager of 3i Management LLC. As such, Mr. Tarlow exercises sole voting and investment discretion over securities beneficially owned directly or indirectly by 3i, LP and 3i Management LLC. Mr. Tarlow disclaims beneficial ownership of the securities beneficially owned directly by 3i, LP and indirectly by 3i Management LLC. The business address of each of the aforementioned parties is 2 Wooster Street, 2nd Floor, New York, NY 10013. We have been advised that none of Mr. Tarlow, 3i Management LLC, or 3i, LP is a member of the Financial Industry Regulatory Authority, or FINRA, or an independent broker-dealer, or an affiliate or associated person of a FINRA member or independent broker-dealer. The Beneficial Ownership Limitation in the August 2025 Note held by the Selling Stockholder restricts the Selling Stockholder from converting its August 2025 Note to the extent that, after giving effect to such conversion, the Selling Stockholder (along with its affiliates), would beneficially own more than 4.99% (9.99%, if elected by the Selling Stockholder) of the Company’s then outstanding shares of common stock nor to exceed the maximum number of shares that such Selling Stockholder may convert pursuant to its August 2025 Note.

(4) Ayrton Capital LLC, the investment manager to Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, has discretionary authority to vote and dispose of the shares held by Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B (“Alto”) and may be deemed to be the beneficial owner of these shares. Waqas Khatri, in his capacity as Managing Member of Ayrton Capital LLC, may also be deemed to have investment discretion and voting power over the shares held by Alto. Ayrton Capital LLC and Mr. Khatri disclaim any beneficial ownership of these shares, except to the extent of any pecuniary interest therein. The address of Ayrton Capital LLC is 55 Post Rd West, 2nd Floor, Westport, CT 06880.

(5) Includes 1,265 shares of common stock and warrants exercisable for up to 37,231 shares of common stock owned by Jutland Investments LLC, an affiliate of Alto.

(6) David Feldman and Joel Arber are the Directors of L1