Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 160

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 160
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 by us in the offering to be paid to the Placement 
 Agent further to the Placement Agency Agreement and also assumes that all sales       
 are made to investors who are not Company Introduced Investors.                       |

We estimate that the total expenses of the offering, including registration, filing and listing fees, printing fees and legal and accounting expenses, but excluding the Placement Agent commissions and a non-accountable expense allowance, will be approximately $307,500, all of which are payable by us. This figure does not include, among other things, the Placement Agent’s fees and expenses (including the legal fees, costs and expenses for the Placement Agent’s legal counsel) up to $150,000.

| 91 |

Listing

Our shares of common stock are listed on the NYSE American, under the symbol “TPET.”

The last reported sale price of our common stock
on February 24, 2025 was $1.36 per share. The actual public offering price per share of common stock will be determined
between us, the Placement Agent and the investors in the offering, and may be at a discount to the current market price of our common
stock. Therefore, the assumed public offering price used throughout this prospectus may not be indicative of the final offering price.
There is no established public trading market for the Pre-Funded Warrants, and we do not expect such a market to develop. In addition,
we do not intend to apply for a listing of the Pre-Funded Warrants on any national securities exchange or other nationally recognized
trading system.

Tail Financing

Subject to certain exceptions, the placement
Agent shall be entitled to a cash fee equal to seven and one-half percent (7.5%) of the gross proceeds received by the Company
from an investment made by any investor actually introduced by the Placement Agent to the Company and consummated at any time
during the twelve (12) month period after termination of the Placement Agent’s engagement or the closing of this
offering, as applicable (a “Tail Financing”).

Lock-Up

The Company, on behalf of itself and any successor entity, will agree that, without the prior written consent of the Placement Agent it will not, for a period of 30 days after the date of the Placement Agent Agreement, other than certain exempt issuances, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose