Company: TPET
Filing Date: 2025-02-05
Form Type: S-1/A
Source: 0001493152-25-005014
Chunk: 238

Company: Trio Petroleum Corp.
Filing Date: 2025-02-05
Form: S-1/A
Chunk 238
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, on the merits or otherwise, he or she will be indemnified by us against all expenses (including attorneys’ fees) actually and reasonably incurred in connection therewith. Expenses must be advanced to an Indemnitee under certain circumstances.

We have entered into indemnification agreements with each of our directors and officers. These indemnification agreements may require us, among other things, to indemnify our directors and officers for some expenses, including attorneys’ fees, judgments, fines and settlement amounts incurred by a director or officer in any action or proceeding arising out of his or her service as one of our directors or officers, or any other company or enterprise to which the person provides services at our request.

We maintain a general liability insurance policy that covers certain liabilities of directors and officers of our corporation arising out of claims based on acts or omissions in their capacities as directors or officers.

In any placement agent agreement we enter into in connection with the sale of common stock being registered hereby, the placement agent will agree to indemnify, under certain conditions, us, our directors, our officers and persons who control us within the meaning of the Securities Act, against certain liabilities.

| II-2 |

Item 15. Recent Sales of Unregistered Securities.

Set forth below is information regarding unregistered securities issued by since our inception in July 2021. Also included is the consideration received by us for such unregistered securities and information relating to the section of the Securities Act, or rule of the SEC, under which exemption from registration was claimed.

| ● | In                                                                                                                                        
 September 2021, we issued 570,088 shares of our common stock to our initial investors, at a price per share of $20.00, for                
 aggregate net proceeds of $11,401,750.                                                                                                    |
| ● | In                                                                                                                                        
 January 2022, we consummated a round of financing with a group of six investors, pursuant to which we issued 225,000 shares               
 of our common stock, at a price per share of $20.00, for aggregate net proceeds of $4,500,000.                                            |
| ● | In                                                                                                                                        
 December 2022, we consummated a round of financing with a group of two investors, pursuant to which we issued 20,000 shares of our        
 common stock, at a price per share of $20.00, and 20,000 December 2022 Warrants to purchase our common stock for 50%                      
 of the IPO price, for aggregate net proceeds of $