Company: ZNOG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001437749-25-011641
Chunk: 182

Company: ZION OIL & GAS INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 182
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 no proxy authorized by a stockholder is valid after three years from the date of its execution, unless the proxy provides for a longer period.                                                                                                                                                                                                                                                                                                                                                                                                                                    | ​ | ​ | Under the TBOC, a proxy is not valid for more than eleven months after the date the proxy is executed, unless otherwise provided by the proxy, and so the proposed Texas Bylaws provide that no proxy shall be voted or acted upon after eleven months from its date, unless the proxy provides for a longer period.                                                                                                                                                                                                                                                                                                     |

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#### Annex G
| Board of Directors Committees | ​ | ​ | The current Delaware Bylaws provide that no committee of directors shall have the power or authority to (1) approve or adopt, or recommend to the stockholders, any action or matter (other than the election or removal of directors) expressly required by the DGCL to be submitted to stockholders for approval, or (2) adopt, amend, or repeal bylaws. | ​ | ​ | The proposed Texas Bylaws provide that committees shall not have the power or authority to (i) approve or adopt, or recommend to the shareholders any action or matter (other than the election or removal of directors) expressly required by the TBOC to be submitted to shareholders for approval or which otherwise may not be delegated to a committee, or (ii) adopt, amend or repeal any bylaw of the corporation. The proposed Texas Bylaws, by reference to the TBOC, acknowledge that, under the TBOC, a committee of directors is prohibited from taking certain actions. The TBOC provides that a committee of the board of directors may not: 
 (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 amend the certificate of formation, except to: (A) establish a series of shares; (B) increase or decrease the number of shares in a series; or (C) eliminate a series of shares established by the board of directors;                                                                                                                                                                                                                                                                                                                                                                                                                                     
 ​(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 propose a reduction of stated capital;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 ​(3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 approve a plan of merger, share exchange, or conversion of the corporation;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 (4)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 recommend to shareholders the sale, lease, or exchange of all or substantially all of the property and assets of the corporation not made in the usual and regular course of its business;                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 ​(5