Company: TPET
Filing Date: 2025-06-18
Form Type: DEF 14A
Source: 0001641172-25-015530
Chunk: 65

Company: Trio Petroleum Corp.
Filing Date: 2025-06-18
Form: DEF 14A
Chunk 65
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holders 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.

| B-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 |

ANNEX C

<div align='center'>FORM OF
AMENDMENT NO. 2 TO
TRIO PETROLEUM CORP.
2022 EQUITY INCENTIVE PLAN</div>

WHEREAS, Trio Petroleum Corp. (the “Company”) has adopted the 2022 Equity Incentive Plan, effective October 17, 2022, (the “2022 Plan”);

WHEREAS, the Company’s Board of Directors (the “Board”) has the authority pursuant to Section 23 of the 2022 Plan to amend the 2022 Plan, subject to the approval of the Company’s stockholders entitled to vote in accordance with applicable law, with respect to certain amendments;

WHEREAS, the Board desires to amend the 2022 Plan to (i) amend Section 5(a) of the 2022 Plan to (i) increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2022 Plan from 500,000 shares of Common Stock to 2,500,000 shares of Common Stock; (ii) amend Section 5(b) of the 2022 Plan to increase the maximum number of shares of common stock that may be issued pursuant to the exercise of incentive stock options under the 2022 Plan from 500,000 shares of common stock to 2,500,000 shares of common stock; and (iii) add a new Section 5(c) to 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