Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 22

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 22
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 any Senior Securities (as defined in the Preferred
Terms) or Parity Securities (as defined in the Preferred Terms) approved, if and to the extent required, by the holders of Series A
Preferred Stock and the rights of Gulfport’s creditors, of an amount equal to the greater of (i) the Liquidation Preference
payable with respect to the outstanding shares of Series A Preferred Stock and any accrued and unpaid dividends thereon, whether
or not declared or (ii) such amount per share of Series A Preferred Stock as would have been payable had all shares of Series A
Preferred Stock been converted into Common Stock immediately prior to such Liquidation Event.

Optional Redemption

Gulfport has the right, but
not the obligation, to redeem all, but not less than all, of the outstanding shares of Series A Preferred Stock by notice to the
holders of Series A Preferred Stock, at the greater of (i) the aggregate value of the Series A Preferred Stock, calculated
by the Current Market Price (as defined in the Preferred Terms) of the number of shares of Common Stock into which, subject to redemption,
such Series A Preferred Stock would have been converted if such shares were converted pursuant to the Conversion Right at the time
of such redemption and (ii) (y) if the date of such redemption is on or prior to the three year anniversary of the date hereof,
the sum of the Liquidation Preference plus the sum of all unpaid PIK Dividends through the three year anniversary of the date hereof,
or (x) if the date of such redemption is after the three year anniversary of the date hereof, the Liquidation Preference (the “Redemption
Price”).

Mandatory Redemption

Following the Effective Date,
if there shall occur a Fundamental Change (as defined in the Preferred Terms), Gulfport shall redeem all, but not less than all, of the
outstanding shares of Series A Preferred Stock by cash payment of the Redemption Price per share of Series A Preferred Stock
within three (3) business days of the occurrence of such Fundamental Change. Notwithstanding the foregoing, in the event of a redemption
pursuant to the preceding sentence, if Gulfport lacks sufficient cash to redeem all outstanding shares of Series A Preferred Stock,
Gulfport shall redeem a pro rata portion of each holder’s shares of Series A Preferred Stock.

Anti-Takeover Effects of Provisions of our A&R Certificate
of Incorporation and Our Bylaws

Our A&R Certificate of
Incorpor