Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 24

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 24
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4.9% or more of Gulfport’s Capital Stock. |

The transfer restrictions
in the A&R Certificate of Incorporation have anti-takeover effects because, among other things, they will restrict the ability of
a person, entity or group to accumulate 4.9% or more of Gulfport’s Capital Stock following a Threshold Level Determination.

Number and Election of Directors

The Bylaws provide that the
Board shall be comprised of no less than five and no more than eleven directors, with the number of directors to be fixed from time to
time by resolution adopted by the Board.

Calling of Special Meeting of Stockholders

The Bylaws provide that special
meetings of stockholders may be called only by (a) the Chair of the Board or Chief Executive Officer and President, (b) the
Chair of the Board, Chief Executive Officer and President or Secretary on the written request of a majority of directors then in office,
or the sole director, as the case may be, or (c) by the Secretary at the written request or requests of holders of at least 30% of the
voting power of Gulfport’s outstanding capital stock entitled to vote on the matter or matters to be brought before the proposed
special meeting. Any special meeting will be held at such time, date and place as may be determined by the Board and stated in Gulfport’s
notice of such special meeting.

Amendments to the Bylaws

The Board shall have the power
to make, adopt, alter, amend and repeal from time to time the Bylaws by the affirmative vote of a majority of the directors present at
any regular or special meeting of the Board at which a quorum is present in any manner not inconsistent with the laws of the State of
Delaware, subject to the right of the stockholders entitled to vote with respect thereto to adopt, amend and repeal Bylaws made by the
Board.

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Other Limitations on Stockholder Actions

At any annual or special meeting
of the stockholders, only such business will be conducted as will have been properly brought before the meeting in accordance the Bylaws.
To be properly brought before an annual meeting business must be (i) specified in the notice of meeting (or any supplement thereto)
given by or at the direction of the Board, (ii) otherwise properly brought before the meeting by or at the direction of the Board,
or (iii) otherwise properly brought before the meeting by a stockholder