Company: TPET
Filing Date: 2025-06-18
Form Type: DEF 14A
Source: 0001641172-25-015530
Chunk: 68

Company: Trio Petroleum Corp.
Filing Date: 2025-06-18
Form: DEF 14A
Chunk 68
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 the 2022 Plan to provide that on each November 1 st, through and including November 1, 2031, a number of shares of common stock will be added to the 2022 Plan equal to the lesser of (i) 5% of the number of shares of common stock issued and outstanding on the immediately preceding October 31 stand (ii) an amount determined by our Board; and

WHEREAS, on June 2, 2025 the Board approved this Amendment No. 2 to the 2022 Plan and recommended its approval to the stockholders;

NOW, THEREFORE, pursuant to the power of amendment set forth in the 2022 Plan and subject to the approval of the stockholders, the 2022 Plan is hereby amended as follows effective upon the approval by the stockholders:

1. A new Section 5(c) of the 2022 Plan is added to the 2022 Plan to provide the following:

“(c) The number of shares reserved for issuance under the Plan shall be increased each year on November 1 st, such that on each November 1 stafter this Amendment No. 2 to the 2022 Equity Incentive Plan is effective, through and including November 1, 2031, a number of shares of common stock will be added to the 2022 Plan equal to the lesser of:

| (i) | 5%                                                                                          
 of the number of shares of common stock issued and outstanding on the immediately preceding 
 October 31st and                                                                            |

| (ii) | (ii)                               
 an amount determined by our Board. |

2. Except as hereinabove amended and modified, the 2022 Plan shall remain in full force and effect.

5. A majority in voting interest of the stockholders present in person or by proxy and entitled to vote at the meeting of stockholders at which this Amendment No. 2 to the 2022 Equity Incentive Plan was considered, has duly approved this Amendment No. 2 to the 2022 Equity Incentive Plan.

| D-1 |

IN WITNESS WHEREOF, this Amendment No. 2 to the 2022 Equity Incentive Plan is made effective this day of , 202.

| TRIO            
 PETROLEUM CORP. |                   |
| By:             |                   |
| Name:           | Robin             
 Ross              |
| Title:          | Chief             
 Executive Officer |