Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1965

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 9A
Chunk 1965
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 address of Trio LLC is 4115 Blackhawk Plaza Circle, Suite 100, Danville, CA 94506,
    and (iii) 7,500 shares held by Stanford Eschner himself.

    (3)
    Includes
    10,000 shares of restricted stock awarded to Mr. Overholtzer pursuant to the 2022 Plan, which will fully vest on
    April 21, 2025.

    (4)
    Includes
    12,500 shares of restricted stock awarded to Mr. Hunter pursuant to the 2022 Plan, which will fully vest on January
    21, 2025. 

    (5)
    Includes
    12,500 shares of restricted stock awarded to Mr. Randall pursuant to the 2022 Plan, which will fully vest on January
    21, 2025.

    (6)
    Includes
    12,500 shares of restricted stock awarded to Mr. Pernice pursuant to the 2022 Plan, which will fully vest on January
    21, 2025.

    (7)
    Includes
    12,500 shares of restricted stock awarded to Mr. Blake pursuant to the 2022 Plan, which will fully vest on April
    21, 2025.

57

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

The
following includes a summary of transactions since July 19, 2021 (inception) to which we have been a party in which the amount involved
will exceed $120,000, and in which any of our directors, executive officers or, to our knowledge, beneficial owners of more than 5% of
our capital stock, or any member of the immediate family of any of the foregoing persons had or will have a direct or indirect material
interest, other than equity and other compensation, termination, change in control and other arrangements, which are described under
“Executive and Director Compensation.” We also describe below certain other transactions with our directors, executive officers
and stockholders.

Related
Party Transactions

Stanford
Eschner and Steven Rowlee, former members of TPET’s management team, are also members of Trio LLC’s management team.
Stanford Eschner, our Vice Chairman and a director, and Steven Rowlee, formerly our Chief Operating Officer, are employed by and/or
part owners of Trio LLC. Stanford Eschner is Trio LLC’s Chairman and Steven