07/01/2026 | Press release | Distributed by Public on 07/01/2026 14:31
Item 1.01. Entry Into a Material Definitive Agreement.
On July 1, 2026, Trio Petroleum Corp (the "Company"), entered into an amendment (the "Amendment") to the independent contractor agreement (the "ICA"), dated January 1, 2026, with Mr. Greg Overholtzer, the Chief Financial Officer of the Company, pursuant to which the Company agreed to increase Mr. Overholtzer's monthly compensation for his services pursuant to the ICA from $15,000 per month to $17,000 per month, effective as of the date of the Amendment. Except for the terms of Mr. Overhotlzer's monthly compensation, all other terms of the ICA remain unchanged.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.