Company: GPOR
Filing Date: 2025-05-29
Form Type: S-3ASR
Source: 0001213900-25-048917
Chunk: 20

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-29
Form: S-3ASR
Chunk 20
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 to the
Common Stock and each other class of Gulfport’s capital stock and any other series of Preferred Stock established after May 17,
2021 (the “Effective Date”) (all such shares, collectively, the “Junior Securities”), except for any such securities
designated as senior or pari passu to the Series A Preferred Stock and approved pursuant to the A&R Certificate of Incorporation
and any Certificate of Designations relating to Preferred Stock, including the Series A Preferred Stock (the “Preferred Terms”).

The distinctive designation
of, and the number of shares of Series A Preferred Stock that shall constitute, each series of Series A Preferred Stock may
be increased or decreased (except as otherwise provided by the Board in the resolution establishing such series and in any event not below
the number of shares of such series then outstanding) from time to time by the Board without prior approval of the holders of such series.

Voting Rights

The holders of Series A
Preferred Stock shall be entitled to vote on all matters submitted to the stockholders for a vote, voting together with the holders of
the Common Stock as a single class, with each share of Series A Preferred Stock entitled to a number of votes equal to the voting
power of one share of Common Stock, multiplied by the number of shares of Common Stock issuable upon conversion of the Series A Preferred
Stock as of the record date for such vote or, if no record date is specified, as of the date of such vote (in each case, including any
Series A Preferred Stock issuable in respect of any accrued but unpaid dividends to, but not including, such date).

So long as any shares of Series A
Preferred Stock are outstanding, Gulfport shall not take any of the following actions without the affirmative vote or consent of the holders
of a majority of the outstanding shares of Series A Preferred Stock, voting as a separate class: (i) authorize, allow or undertake
any liquidation, dissolution or winding-up of the affairs of Gulfport; (ii) issue or pay any dividend, distribution or other payment
with respect to Junior Securities other than Common Stock; or (iii) amend or alter the A&R Certificate of Incorporation or the
Preferred Terms to amend the terms of the Series A Preferred Stock.

Dividends and Maturity

Holders of Series A Preferred
Stock are entitled to receive cumulative dividends payable quarterly in arrears with respect to each dividend period ending on and including
the last calendar day of each three-month period ending March