Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 441

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 441
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 total amount of $368,000.

On
April 16, 2024 and April 24, 2024, the Company issued 37,500 shares of common stock and 37,500 shares of common stock respectively, to
the April 2024 Investors as and for a commitment fee in connection with the April 2024 Financings. The commitment shares were issued
at fair values of $9.80 per share and $8.00 per share, respectively, for values totaling $366,000 and $301,500, respectively.

On
April 29, 2024, the Company entered into an agreement with consultants to provide marketing services; the agreement has a term from April
29, 2024 through October 29, 2024. The terms provide for a $30,000 cash payment and the issuance of 30,000 shares of common stock. The
Company issued 30,000 shares of common stock at a fair value of $7.40 per share for a total amount of $220,800.

On
September 9, 2024, the Company entered into a media advertising agreement with a consultant; the agreement has an initial term of sixty
days and provides for a $100,000 cash payment ($50,000 upon signing and $50,000 after 30 days) and the issuance of 12,500 shares of common
stock. The Company issued the shares at a fair value of $3.60 for a total amount of $43,800.

On
September 26, 2024, October 1, 2024, and October 30, 2024, the Company made principal payments towards the June 2024 Notes in the amounts
of $88,888, $50,000 and $88,888, respectively, which it converted into shares at 103% for conversion amounts of $91,556, $51,500 and
$91,556, respectively. Conversion shares were issued numbering 30,520, 17,167 and 38,150, respectively, at fair values per share of $3.38,
$3.66 and $2.58, respectively, for total amounts of $103,091, $62,830 and $98,422, respectively. An additional 2,317 shares were issued
on October 11, 2024 at a fair value of $3.38 for a total amount of $7,838; the share issuance was