Item 3.03 Material Modification to Rights of Security Holders.

On November 12, 2024, Zion Oil & Gas, Inc. (the "Company") executed an Amendment to a certain Warrant Agent Agreement (the "Agreement") between the Company and Equiniti Trust Company, LLC, a New York limited liability trust company with offices at 55 Challenger Road, 2^nd Floor, Ridgefield Park, N.J. 07660 ("Equiniti"). The Company has implemented an Agreement with Equiniti as the Company's Warrant Agent (the "Warrant Agent"), under a Warrant Agent Agreement dated August 1, 2014 for the Warrant ZNWAA [trading under the symbol ZNOGW].

The Warrant ZNWAA [trading under the symbol ZNOGW] has an expiration date of January 31, 2025.

Pursuant to Section 3.2 of the Warrant Agent Agreement, the Company in its sole discretion extended the duration of the above Warrant by delaying the Expiration Date and such extension shall be identical in duration among all of the Warrants. The Company is extending the duration of the Warrant ZNWAA [trading under the symbol ZNOGW] by one (1) year from the expiration date of January 31, 2025 to January 31, 2026.