Company: ZNOG
Filing Date: 2025-12-01
Form Type: 8-K
Source: 0001437749-25-036533
Chunk: 0

Company: ZION OIL & GAS INC
Filing Date: 2025-12-01
Form: 8-K
Item: Item 5.03
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Item 5.03 Amendment to the Bylaws

Under Article XI of the Company’s Bylaws, the following major changes were made and second and third paragraphs were added as follows:

ARTICLE XI - EXCLUSIVE FORUM

Second and third paragraphs added:

Further, Article XI includes a waiver of the right to a jury trial as provided in Section 2.116 of the TBOC concerning any internal entity claim as defined by Section 2.115 of the TBOC. A person asserting an internal entity claim is considered to have been informed of the waiver of the right to a jury trial contained in these Bylaws under Article XI and to have knowingly waived the right in the action if the person: (1) voted for or affirmatively ratified the governing document containing the waiver; or (2) acquired an equity security of Zion Oil & Gas, Inc. or any predecessor to the Corporation. Nothing in this section prevents the Corporation from showing that a person asserting an internal entity claim knowingly and informedly waived the right to a jury trial by any evidence satisfactory to the court having jurisdiction, including by the person’s consent or acquiescence to the waiver of a jury trial contained in these Bylaws.

Furthermore, Article XI includes a mandatory arbitration provision for claims under the federal and state securities laws of shareholder claims. The Texas Business Court has jurisdiction to enforce an arbitration agreement, appoint an arbitrator, or review an arbitral award, or in other judicial actions authorized by an arbitration agreement, Civil Practice and Remedies Code Chapter 171. Civil Practice and Remedies Code Chapter 171.002 (d) does not confer on the business court any new or additional jurisdiction. If there is a proceeding pending in a Texas Business Court involving an issue referable to arbitration under these Bylaws to arbitrate, a party may make an application under subchapter Sec. 171.024 (a) to that Business Court.

Based upon the recommendation of management, the above changes were approved by the Board of Directors on December 1, 2025. The effective date of the amendment to the Amended and Restated Bylaws of Zion Oil & Gas, Inc. is December 1, 2025, and the amended Bylaws are provided under Exhibit 3(i).1.

Item 9.01 Financial Statements and Exhibits.