TRIO PETROLEUM CORP.Trio Petroleum Corp. • September 21st, 2023 • Crude petroleum & natural gas
Reference is made to that certain Common Stock Purchase Warrant issued by Trio Petroleum Corp. (the “Company”) on January 28, 2022, a copy of which is attached as Exhibit A hereto (the “Warrant”), with an exercise price of $1.03 (the “Initial Exercise Price”), which was issued to Theseus Capital Ltd. and assigned to Elpis Capital Ltd. (the “Holder”), pursuant to a Warrant Assignment Agreement dated July 5, 2022, a copy of which is attached as Exhibit B hereto. The Warrant is currently exercisable for up to 559,878 shares (the “Warrant Shares”) of the Company’s Common Stock, par value $0.0001 per share. Warrant Shares in the aggregate amount of 699,847 shares of Common Stock (125% of the number of Warrant Shares currently available upon exercise of the Warrant) have been registered for resale pursuant to the registration statement on Form S-1 with File No. 333-272638 (the “Registration Statement”). The Registration Statement is currently effective and, upon exercise of the Warrant pursu
