Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 23

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 23
---
ation, our Bylaws and the DGCL contain provisions that may deter or render more difficult proposals to acquire control of Gulfport
by means of a merger, tender offer, proxy contest or otherwise, or to remove Gulfport’s incumbent officers and directors. These
provisions, summarized below, may have the effect of preventing changes in management. It is possible that these provisions would make
it more difficult to accomplish or deter transactions that a stockholder might consider in his or her best interest, including those attempts
that might result in a premium over the market price for the Common Stock.

<div align='center'>15</div>

Prohibited Transfers

In order to preserve the benefits
of certain tax attributes to Gulfport, following any “Threshold Level Determination” (as defined in the A&R Certificate
of Incorporation), the A&R Certificate of Incorporation generally imposes restrictions, subject to certain exceptions and waivers,
on any direct or indirect transfer of (i) any interest that would be treated as “stock” of Gulfport pursuant to Treasury
Regulations § 1.382-2(a)(3) or § 1.382-2T(f)(18) (“Capital Stock”) and (ii) any warrants, rights
or options (including options within the meaning of Treasury Regulations § 1.382-4(d)(9) and § 1.382-2T(h)(4)(v))
to purchase securities of Gulfport (in each case, including certain transfers of any such Gulfport securities that result from the transfer
of interests in other entities that own Gulfport securities) if the effect would be to:

| ● | increase the direct or indirect ownership of Corporation Securities                                                              
 (as defined in the A&R Certificate of Incorporation), including any ownership by virtue of application of constructive ownership 
 rules, with such direct, indirect and constructive ownership determined under the provisions of Section 382 of the Code and the  
 Treasury Regulations thereunder (“Stock Ownership”), by any individual, corporation or other legal entity, including persons     
 treated as an entity pursuant to Treasury Regulations § 1.382-3(a)(1)(i), and including any successor (by merger or otherwise)   
 of such entity (a “Person”) to 4.9% percent or more of Gulfport’s Capital Stock (as defined in the A&R Certificate               
 of Incorporation) then outstanding; or                                                                                           |

| ● | increase the percentage of Stock Ownership of a Person who                   
 owns, directly and constructively,