Company: TPET
Filing Date: 2025-04-15
Form Type: 10-K/A
Source: 0001641172-25-004910
Chunk: 87

Company: Trio Petroleum Corp.
Filing Date: 2025-04-15
Form: 10-K/A
Chunk 87
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 of the information contained at or available through our website, and you should not consider it to be a part of this Annual Report.

Audit Committee. The Audit Committee’s responsibilities include:

| ● | appointing,                                                                                                                        
 approving the compensation of, and assessing the independence of our registered public accounting firm;                            |
| ● | overseeing                                                                                                                         
 the work of our registered public accounting firm, including through the receipt and consideration of reports from such firm;      |
| ● | reviewing                                                                                                                          
 and discussing with management and the registered public accounting firm our annual and quarterly financial statements and related 
 disclosures;                                                                                                                       |
| ● | coordinating                                                                                                                       
 our board of directors’ oversight of our internal control over financial reporting, disclosure controls and procedures and         
 code of business conduct and ethics;                                                                                               |
| ● | discussing                                                                                                                         
 our risk management policies;                                                                                                      |
| ● | meeting                                                                                                                            
 independently with our internal auditing staff, if any, registered public accounting firm and management;                          |

| ● | reviewing                                                       
 and approving or ratifying any related person transactions; and |
| ● | preparing                                                       
 the audit committee report required by SEC rules.               |

The members of our audit committee are William Hunter (chairperson), Thomas J. Pernice and John Randall. All members of our audit committee meet the requirements for financial literacy under the applicable rules and regulations of the SEC and the NYSE American. Our board has determined that William Hunter is an audit committee financial expert as defined under the applicable rules of the SEC and has the requisite financial sophistication as defined under the applicable rules and regulations of the NYSE American. Under the rules of the SEC, members of the audit committee must also meet heightened independence standards. Our board of directors has determined that all members of the audit committee are independent under the heightened audit committee independence standards of the SEC and the NYSE American.

The audit committee operates under a written charter that satisfies the applicable standards of the SEC and the NYSE American.

| 48 |

Compensation Committee. The Compensation Committee’s responsibilities include:

| ● | reviewing                                                                                                                            
 and approving, or recommending for approval by the board of directors, the compensation of our Chief Executive Officer and our other 
 executive officers;                                                                                                                  |
| ● | overseeing                                                                                                                           
 and administering our cash and equity incentive plans;                                                                               |
| ● | reviewing                                                                                                                            
 and making recommendations to our board of directors with respect to director compensation;                                          |
| ● | reviewing                                                                                                                            
 and discussing annually with management our “Compensation Discussion and