Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 16

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 16
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 assets of our subsidiaries (other than the Subsidiary Guarantors
of such Securities, if applicable), upon the latter’s liquidation or reorganization, will be subject to the prior claims of the
subsidiaries’ creditors, except to the extent that we may ourselves be a creditor with recognized claims against such subsidiary.

We have summarized selected
provisions of the Indentures below. The summary is not complete. The form of each Indenture has been filed with the SEC as an exhibit
to the registration statement of which this prospectus is a part, and you should read the Indentures for provisions that may be important
to you. Capitalized terms used in the summary have the meanings specified in the Indentures.

General

The Indentures provide that
Debt Securities in separate series may be issued thereunder from time to time without limitation as to aggregate principal amount. We
may specify a maximum aggregate principal amount for the Debt Securities of any series. We will determine the terms and conditions of
the Debt Securities, including the maturity, principal and interest, but those terms must be consistent with the Indenture. The Debt Securities
will be our unsecured obligations. If the prospectus supplement so indicates, the Debt Securities will be convertible into our Common
Stock.

The Subordinated Debt Securities
will be subordinated in right of payment to the prior payment in full of all of our Senior Debt (as defined) as described in the prospectus
supplement applicable to any Subordinated Debt Securities.

If specified in the prospectus
supplement respecting a particular series of Debt Securities, certain of the Subsidiaries (as applicable, the “Subsidiary Guarantors”)
will fully and unconditionally guarantee (the “Subsidiary Guarantee”) that series, or may be a co-issuer of that series, in
each case as described in the prospectus supplement. Each Subsidiary Guarantee will be an unsecured obligation of the Subsidiary Guarantor.
A Subsidiary Guarantee of Subordinated Debt Securities will be subordinated to the Senior Debt of the Subsidiary Guarantors on the same
basis as the Subordinated Debt Securities are subordinated to our Senior Debt.

The applicable prospectus
supplement will set forth the price or prices at which the Debt Securities to be issued will be offered for sale and will describe the
following terms of such Debt Securities:

(1) the
title of the Debt Securities;

(2