Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 155

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 155
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 relevant.

Electronic Distribution

A prospectus in electronic format may be made available on a website maintained by the Placement Agent. In connection with the offering, the Placement Agent or selected dealers may distribute prospectuses electronically. No forms of electronic prospectus other than prospectuses that are printable as Adobe® PDF will be used in connection with this offering.

Other than the prospectus in electronic format, the information on the Placement Agent’s website and any information contained in any other website maintained by the Placement Agent is not part of the prospectus or the registration statement of which this prospectus forms a part, has not been approved and/or endorsed by us or the Placement Agent in its capacity as Placement Agent and should not be relied upon by investors.

Other Activities and Certain Relationships

The Placement Agent and its affiliates have and may in the future provide, from time to time, investment banking and financial advisory services to us in the ordinary course of business, for which they may receive customary fees and commissions.

On July 28, 2022, the Company entered into an agreement
with the Placement Agent whereby the Placement Agent agreed to serve as the exclusive agent, advisor or underwriter in
any offering of securities of the Company for a one-year term. The agreement provided for a $25,000 non-refundable advance upon execution
of the agreement and completion of a bridge offering to be credited against the accountable expenses incurred by the Placement Agent
upon successful completion of the Company’s initial public offering (“IPO”), a cash fee or an underwriter discount
of 7.5% of the aggregate proceeds raised in the IPO, warrants to purchase a number of common shares equal to 5% of the aggregate number
of common shares placed in the IPO, an expense allowance of up to $150,000 for fees and expenses of legal counsel and other out-of-pocket
expenses and 1% of the gross proceeds of the IPO to the Placement Agent for non-accountable expenses. The agreement also provided
for an option to the Placement Agent, exercisable within 45 days after the closing of the IPO, to purchase up to an additional
15% of the total number of securities offered by the Company in the IPO.

On April 20, 2023, pursuant to the agreement above,
the Company issued representative warrants to the Placement Agent to purchase up to an aggregate of 100,000 shares of common
stock, which warrants have a five-year term with an exercise price of $3.30.

On October 4, 2023, the