Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Trio Petroleum Corp amended Amendment to Leasehold Acquisition and Development Agreement with Heavy Sweet Oil LLC valued at $200,000 (effective 2023-12-29).
- Action
- amendment
- Agreement
- asset purchase
- Counterparty
- Heavy Sweet Oil LLC
- Value
- $200,000
- Effective
- 2023-12-29
Exact text from the filing
On December 29, 2023, the Company and Heavy Sweet entered into an Amendment to Leasehold Acquisition and Development Agreement (the “ Amendment ”), pursuant to which the Company and Heavy Sweet amended the Asphalt Ridge Option Agreement to provide that, within three (3) business days of the effective date of the Amendment, the Company would fund $200,000 of the $2,000,000 total Purchase Price in advance of Heavy Sweet satisfying the closing conditions set forth in the Asphalt Ridge Option Agreement, in exchange for the Company receiving an immediate 2% interest in the Asphalt Ridge Leases, which advanced funds would be used solely for the building of roads and related infrastructure in furtherance of the development plan.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Trio Petroleum Corp entered into Asphalt Ridge Option Agreement with Heavy Sweet Oil LLC valued at $2,000,000 (effective 2023-11-10).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Heavy Sweet Oil LLC
- Value
- $2,000,000
- Effective
- 2023-11-10
Exact text from the filing
On November 10, 2023, Trio Petroleum Corp (the “ Company ”) entered into a Leasehold Acquisition and Development Option Agreement (the “ Asphalt Ridge Option Agreement ”) with Heavy Sweet Oil LLC (“ Heavy Sweet ”).
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