Company: ZNOG
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001437749-25-009798
Chunk: 161

Company: ZION OIL & GAS INC
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 161
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 Bylaws shall be the exclusive means for a stockholder(s) to submit other business or a proposal to be properly brought before a meeting of stockholders (other than matters properly brought under Rule 14a-8 under the Securities Exchange Act of 1934, as amended [the “Exchange Act”], and included in the Corporation’s notice of meeting) before a meeting of stockholders. Furthermore, the failure to file the Schedule 13D pursuant to Section 12 of the Exchange Act in a timely manner would bar the shareholder(s) from nominating directors or proposing business at the next Annual Meeting of Stockholders.

<div align='center'>ARTICLE III
BOARD OF DIRECTORS</div>

Section 1. . The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors, which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by law or by the Certificate of Incorporation of the Corporation directed or required to be exercised or done by the stockholders.

Section 2. . The exact number of directors that shall constitute the whole Board shall be fixed from time to time by resolution of the Board of Directors; , , that the number so fixed shall not be less than three (3) nor more than fifteen (15); and that no decrease in the number of directors constituting the Board shall have the effect of shortening the term of any incumbent director. Directors need not be stockholders of the Corporation or citizens or residents of the United States.

<div align='center'>12</div>

The Board of Directors is specifically authorized to divide the Board into three (3) classes, as authorized by the DGCL and the Certificate of Incorporation, designated Class I, Class II and Class III, as nearly equal in number as the then total number of directors constituting the whole Board permits. At each annual meeting of stockholders, directors of the Class whose term then expires shall be elected for a full term of three (3) years to succeed the directors of such Class so that the term of office of the directors of one Class shall expire in each year.

In any election of directors, the persons (i) in contested elections receiving a plurality of the votes cast, up to the number of directors to be elected in such election, shall be deemed elected or (ii) in uncontested elections receiving a majority of the votes shall be deemed elected and as further described in of . The stockholders of the Corporation are expressly prohibited from cumulating their votes