Company: ZNOG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001437749-25-011641
Chunk: 88

Company: ZION OIL & GAS INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 88
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 herein, shall mean the certificate of formation of the Corporation, as amended from time to time. Further subject to the Bylaws and the provisions of Article IX of this Certificate of Formation, the vote of shareholders holding a majority of the shares of stock entitled to vote on the matter then outstanding shall be sufficient to approve, authorize, adopt, or to otherwise cause the Corporation to take, or affirm the Corporation’s taking of, any action, including any “fundamental business transaction” as defined in the TBOC.

<div align='center'>1</div>

#### Annex B
(b) The holders of shares of Common Stock shall be entitled to receive such dividends and other distributions (payable in cash, property or capital stock of the Corporation) when, as and if declared thereon by the Board of Directors from time to time out of any assets or funds of the Corporation legally available therefor and shall share equally on a per share basis in such dividends and distributions.

(c) In the event of any voluntary or involuntary liquidation, dissolution or winding-up of theCorporation, after payment or provision for payment of the debts and other liabilities of the Corporation, the holders of shares of Common Stock shall be entitled to receive all the remaining assets of the Corporation available for distribution to its shareholders, ratably in proportion to the number of shares of Common Stock held by them.

<div align='center'>ARTICLE V</div>

5.1. General Powers. The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors.

5.2. Number of Directors; Initial Directors; Election; Term.

(a) The number of directors constituting the initial Board of Directors is twelve (12) and their names and addresses are as follows:

| Name                       |     | Address                                  |
| 1. John M. Brown           |     | 12655 N. Central Expressway, Suite 1000, 
 Dallas, Texas 75243                      |
| 2. Robert Dunn             |     | 12655 N. Central Expressway, Suite 1000, 
 Dallas, Texas 75243                      |
| 3. Paul Oroian             |     | 12655 N. Central Expressway, Suite 1000, 
 Dallas, Texas 75243                      |
| 4. Jeffrey Moskowitz       |     | 12655 N. Central Expressway, Suite 1000, 
 Dallas, Texas 75243                      |
| 5. Martin M. Van Bra