Item 5.03 Amendment to the Bylaws
Under Article VI of the Company's Bylaws, the following change was made by adding section 6.7 as follows:
ARTICLE VI - STOCK
6.7 REPURCHASING SHARES
The Board of Directors has the authority in these Bylaws to approve the repurchase of company shares in the best interests of the corporation and its shareholders at fair market value. Any share buybacks shall be disclosed and conducted in compliance with both the TBOC and federal securities rules.
Based upon the recommendation of management, the above changes were approved by the Board of Directors on September 14, 2026. The effective date of the amendment to the Amended Bylaws of Zion Oil & Gas, Inc. is September 14, 2026, and the amended Bylaws are provided under Exhibit 3(i).1.