Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 120

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 120
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, 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.

| 70 |

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 Analysis,” to the extent required; and                      |
| ● | preparing                                                                                                                            
 the annual compensation committee report required by SEC rules, to the extent required.                                              |

The members of our compensation committee are Thomas J. Pernice (chair) and William Hunter. Each of the members of our compensation committee is independent under the applicable rules and regulations of the NYSE American and is a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange Act. The compensation committee operates under a written charter that satisfies the applicable standards of the SEC and the NYSE American.

Nominating and Corporate Governance Committee. The Nominating and Corporate Governance Committee’s responsibilities include:

|