Company: TPET
Filing Date: 2025-06-03
Form Type: PRE 14A
Source: 0001641172-25-013496
Chunk: 28

Company: Trio Petroleum Corp.
Filing Date: 2025-06-03
Form: PRE 14A
Chunk 28
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4 and November 30, 2024, respectively, and added a $5,000 extension fee (per amendment) to the principal of the note.

On July 11, 2024, the Company entered into
an employment agreement with Mr. Robin Ross, pursuant to which Mr. Ross would serve as Chief Executive Officer of the Company, replacing
Mr. Peterson.

On October 21, 2024, the Company agreed to
award 10,000 restricted stock units to Gregory L. Overholtzer under the Plan.

Other than the transactions set forth in the preceding paragraphs, there were no related-party transactions in 2024 requiring review and approval.

The audit committee has reviewed and discussed the audited financial statements for the fiscal year ended October 31, 2024, with management of the Company. The audit committee has discussed with the independent registered public accounting firm the matters required to be discussed by Auditing Standard No. 1301, Communications with audit committees, as adopted by the Public Company Accounting Oversight Board (“PCAOB”). The audit committee has also received the written disclosures and the letter from the independent registered public accounting firm required by applicable requirements of the PCAOB regarding the independent accountants’ communications with the audit committee concerning independence and has discussed with the independent registered public accounting firm its independence. Based on the foregoing, the audit committee recommended to the Board of Directors that the audited financial statements be included in the Company’s Amendment No. 3 to Annual Report on Form 10-K/A for the fiscal year ended October 31, 2024.

Submitted by the Audit Committee of the Board of Directors:

Mr. William Hunter (Chair of the audit committee)

Mr. Thomas J. Pernice

Mr. John Randall

Vote Required

The affirmative vote of the majority of shares of common stock present in person or represented by proxy at the Annual Meeting and entitled to vote is required to approve the Auditor Ratification Proposal. Abstentions will have no effect on the outcome of the vote.

Board Recommendation

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE AUDITOR RATIFICATION PROPOSAL.

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<div align='center'>DIRECTORS AND OFFICERS</div>

The following is a list of our directors and executive officers, as of June 2, 2025, as well as nominees for Class II Director to be submitted to the vote of our stockholders at the Annual Meeting, along with the specific information required by