Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 2159

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 9B
Chunk 2159
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2024, the Company issued 5,000 shares of common stock to a consultant as a settlement for non-performed marketing services
per an agreement dated November 2021; such shares were issued at a fair value of $2.20 per share for a total value of $10,500.

On
March 26, 2024, the Company entered into an agreement with consultants to provide marketing services; the agreement has an effective
date of April 26, 2024 and a term from April 1, 2024 through June 30, 2024. The terms provide for a one-time cash payment of $100,000
or, in lieu of a cash payment, the Company may elect to complete a one-time equity issuance in the form of 50,000 shares of common stock,
as well as three monthly cash payments totaling $30,000 to be paid in the first fiscal half of 2024. The Company issued 50,000 shares
of common stock at a fair value of $7.40 per share for a total amount of $368,000.

On
April 16, 2024 and April 24, 2024, the Company issued 37,500 shares of common stock and 37,500 shares of common stock respectively, to
the April 2024 Investors as and for a commitment fee in connection with the April 2024 Financings. The commitment shares were issued
at fair values of $9.80 per share and $8.00 per share, respectively, for values totaling $366,000 and $301,500, respectively.

On
April 29, 2024, the Company entered into an agreement with consultants to provide marketing services; the agreement has a term from April
29, 2024 through October 29, 2024. The terms provide for a $30,000 cash payment and the issuance of 30,000 shares of common stock. The
Company issued 30,000 shares of common stock at a fair value of $7.40 per share for a total amount of $220,800.

On
September 9, 2024, the Company entered into a media advertising agreement with a consultant; the agreement has an initial term of sixty
days and provides for a $100,000 cash payment ($50,000 upon signing and $50,000 after 30 days) and the issuance of 12,500 shares of common
stock. The Company issued the shares at