exhibit 10. 1 state of israel license license no. 393 / " jordan valley " pursuant to my authority under section 16 of the petroleum law 5712 - 1952 this license is granted zion oil & gas inc. ( 100 % ) this license is granted – with respect to the area described in the first annex. this license is granted – subject to the provisions of the petroleum law, 5712 - 1952, and the regulations issued pursuant thereto, and to the special conditions detailed in the second annex, which is an integral part of this license. granted in jerusalem, on the 9th of nissan 5771, april 13, 2011 / s / dr. yaacov mimran dr. yaakov mimran commissioner of petroleum affairs this license was registered at the petroleum registry on the 7th of iyar 5771, may 11, 2011 state of israel license no. 393 / " jordan valley " first annex description of the area from waypoint 254000 / 707000 thence west to waypoint 246002 / 707000 thence north - west to waypoint 244869 / 711000 thence east to waypoint 246000 / 711000 thence north to waypoint 246682 / 732827 thence north - east to waypoint 259502 / 735000 thence south to waypoint 259507 / 732224 thence south along the international border with jordan and back to waypoint 254000 / 707000 from waypoint 254000 / 707000 thence west to waypoint 246002 / 707000 thence north - west to waypoint 244869 / 711000 thence east to waypoint 246000 / 711000 thence north to waypoint 246682 / 732827 thence north - east to waypoint 259502 / 735000 thence south to waypoint 259507 / 732224 thence south along the international border with jordan and back to waypoint 254000 / 707000 from waypoint 254000 / 707000 thence west to waypoint 246002 / 707000 thence north - west to waypoint 244869 / 711000 thence east to waypoint 246000 / 711000 thence north to waypoint 246682 / 732827 thence north - east to waypoint 259502 / 735000 thence south to waypoint 259507 / 732224 thence south along the international border