Company: TPET
Filing Date: 2025-05-20
Form Type: 8-K
Source: 0001641172-25-011613
Chunk: 1

Company: Trio Petroleum Corp.
Filing Date: 2025-05-20
Form: 8-K
Item: Item 1.01
Chunk 1
---
 will provide 100% of the required
capital expenditures for the development of the P. R. Spring project, and the Company and HSO will each be entitled to 50% of the net
profits derived from the P. R. Spring project. The Definitive Documents would likely contain representations and warranties of the parties
customary to transactions of such nature in oil and gas industry and certain other conditions to the Closing, including approval of the
Proposed Transaction by the governing bodies of each of the Company and HSO, including the board of directors of the Company.

Other
than the provisions relating to the Option Payment, expenses, confidentiality, exclusivity, governing laws, termination and no
third-party beneficiaries contained in the LOI, no other terms are binding until Definitive Documents are signed by the Parties.

The
above description of the LOI is qualified in its entirety by the text of the LOI, a copy of which is attached as Exhibit 10.1 to this
Current Report on Form 8-K.

Item
7.01 Regulation FD