Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 31

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 31
---
 other court in
which such action or suit is brought approves such indemnification. Section 145 further permits a Delaware corporation to grant its
directors and officers additional rights of indemnification through bylaw provisions and otherwise, and or purchase indemnity insurance
on behalf of its directors and officers.

As amended by the Amendment, Article VII of the Company’s
A&R Certificate of Incorporation provides, in general, that the Company will indemnify its directors, officers, employees and agents
(or persons serving at the request of the Company as a director, officer, employee or agent of another entity) to the full extent of Delaware
law.

<div align='center'>II-1</div>

Article VIII of the Company’s
Amended and Restated Bylaws provides that the Company will indemnify any of its officers or directors (including those persons serving
as an officer or director of another entity at the Company’s request) who is party to a suit or other proceeding by reason of his
or her position as an officer or director against reasonable expenses (including reasonable attorneys’ fees), judgments, fines and
amounts paid in settlement (other than judgments, fines and amounts paid in settlement in action brought by or on behalf of the Company
to procure a judgment in its favor) actually and reasonably incurred by such person or such person’s heirs, executors or administrators
in connection with such action, suit or proceeding, including appeals. The Company may only indemnify an officer or director who brought
the suit or proceeding if its board of directors had previously authorized such suit or proceeding. The rights to indemnification provided
by its Bylaws include the right to advancement of expenses to the extent such person undertakes to repay all amounts advanced if it shall
ultimately be determined by final judicial decision from which there is no further right to appeal that such person is not entitled to
be indemnified for such expense.

Section 145 further authorizes
a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation
or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise,
against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or
not the corporation would otherwise have the power to indemnify him under Section 145. The Company maintains liability insurance
policies that indemnify its directors and officers and those of the Company’s