Trio Petroleum amends note terms and agrees to exchange $285,852 debt for common stock at 25% discount

Trio Petroleum Corp

Amendment No.1 extends $285,852 note payments: $142,926 due Feb 28 instead of Jan 30; five monthly payments through June 30, 2025.
Note Exchange Agreement converts outstanding $285,852 into common stock on Feb 10, 2025 at 75% of lowest closing price in prior 10 trading days.
Conversion capped at 19.99% of outstanding shares; any excess balance to be reissued as a new promissory note with same terms.
Exchange is exempt from registration under Section 3(a)(9) of Securities Act; no commission paid.

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