Extension Agreement to Purchase and Sale Agreement between Trio Petroleum LLC and Trio Petroleum Corp (March 15, 2023)
Trio Petroleum LLC and Trio Petroleum Corp have agreed to extend the due date for the third installment payment under their existing Purchase and Sale Agreement from the original date to May 1, 2023. All other terms of the original agreement remain unchanged and in effect. This extension is formalized in a letter signed by both parties' representatives.
Exhibit 10.34
March 15, 2023
Trio Petroleum LLC
| Re: | Third Installment Due Date Extension |
Ladies and Gentlemen:
Reference is made to that certain Purchase and Sale Agreement entered into by and between Trio Petroleum LLC (“Seller”) and Trio Petroleum Corp (“Buyer”), dated as of September 14, 2021, as amended as amended to date (the “PSA”). Capitalized terms used but not otherwise defined in this letter have the respective meanings ascribed to them in the PSA. The Seller and Buyer hereby agree that the “Third Installment Date” shall be extended to May 1, 2023. Except as expressly modified herein, the PSA is confirmed and will continue to be and remain in full force and effect in accordance with its terms. Any existing or future reference to the PSA and any document or instrument delivered in connection with the PSA will be deemed to be a reference to the PSA as modified by this letter.
| Sincerely, | |||
| Trio Petroleum Corp | |||
| /s/ Frank C. Ingriselli | |||
| Frank C. Ingriselli, CEO and Director | |||
| ACCEPTED AND AGREED TO: | |||
| Trio Petroleum LLC | |||
| /s/ Stanford Eschner | |||
| Stanford Eschner, Chairman | |||
| Date: | March 15, 2023 | ||
