Document:

Services Agreement by and between the Company and Gulfport Energy Corporation

 Exhibit 10.9 
  
 ADMINISTRATIVE SERVICES AGREEMENT 
  
 by and between 
  
 GULFPORT ENERGY CORPORATION 
  
 AND 
  
 BRONCO DRILLING COMPANY, L.L.C. 
  
 dated as of 
  
 April 1,
2005 
  

 TABLE OF CONTENTS 
  

					
	 ARTICLE I SERVICES
	  	1
	 SECTION 1.1
	 	Services	  	1
	 SECTION 1.2
	 	Service Coordinators	  	1
	 SECTION 1.3
	 	Additional Services	  	2
	 SECTION 1.4
	 	Employees, Standard of Performance and Legal Compliance	  	2
	 SECTION 1.5
	 	Conflict with Laws	  	3
		
	 ARTICLE II SERVICE CHARGES
	  	3
	 SECTION 2.1
	 	Compensation	  	3
	 SECTION 2.2
	 	Payment	  	3
		
	 ARTICLE III TERM AND DISCONTINUATION OF SERVICES
	  	3
	 SECTION 3.1
	 	Term	  	3
	 SECTION 3.2
	 	Discontinuation of Services	  	3
	 SECTION 3.3
	 	Termination	  	3
		
	 ARTICLE IV INDEMNIFICATION
	  	4
	 SECTION 4.1
	 	Indemnification of Bronco	  	4
	 SECTION 4.2
	 	Indemnification of Service Provider	  	4
		
	 ARTICLE V CONFIDENTIALITY
	  	4
	 SECTION 5.1
	 	Confidentiality	  	4
		
	 ARTICLE VI FORCE MAJEURE
	  	5
	 SECTION 6.1
	 	Performance Excused	  	5
	 SECTION 6.2
	 	Notice	  	5
	 SECTION 6.3
	 	Cooperation	  	5
		
	 ARTICLE VII REPRESENTATIONS AND WARRANTIES
	  	5
	 SECTION 7.1
	 	Bronco Representations and Warranties	  	5
	 SECTION 7.2
	 	Service Provider Representations and Warranties	  	6
		
	 ARTICLE VIII MISCELLANEOUS
	  	6
	 SECTION 8.1
	 	Construction Rules	  	6
	 SECTION 8.2
	 	Notices	  	7
	 SECTION 8.3
	 	Assignment, Binding Effect	  	7
	 SECTION 8.4
	 	No Third Party Beneficiaries	  	7
	 SECTION 8.5
	 	Amendment	  	7
	 SECTION 8.6
	 	Waiver	  	7
	 SECTION 8.7
	 	Severability	  	8
	 SECTION 8.8
	 	Counterparts	  	8
	 SECTION 8.9
	 	Governing Law	  	8
	 SECTION 8.10
	 	Jurisdiction and Waiver of Jury Trail	  	8
	 SECTION 8.11
	 	Relationship of Parties	  	9
	 SECTION 8.12
	 	Further Assurances	  	9
	 SECTION 8.13
	 	Regulations	  	9
	 SECTION 8.14
	 	Survival	  	9
	 SECTION 8.15
	 	LIMITATION OF LIABILITY	  	9
	 SECTION 8.16
	 	DISCLAIMER	  	9
			
	 EXHIBIT A
	 	SERVICES	  	 

  

 i 

 ADMINISTRATIVE SERVICES AGREEMENT 
  
 This ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) is entered into as of the 1st day of April, 2005 by and between Gulfport Energy Corporation, a Delaware corporation (the “Service
Provider”), and Bronco Drilling Company, L.L.C., an Oklahoma limited liability company (“Bronco”). 
  
 WHEREAS, Bronco intends to consummate an initial public offering (“IPO”); 
  
 WHEREAS, Bronco, an affiliate of the Service Provider, receives certain
administrative and support services from Service Provider; and 
  
 WHEREAS, in order to effect an orderly transition by Bronco to a separate, stand-alone entity following the IPO, Bronco desires Service Provider to provide the services described herein. 
  
 NOW, THEREFORE, in consideration of the premises and the agreements set forth
in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows: 
  
 ARTICLE I 
 SERVICES 
  
 SECTION 1.1 Services. Subject to the terms and conditions of this Agreement, Service Provider, acting through its and/or its Affiliates’ (defined below) respective employees, agents, contractors or independent third parties,
agrees to provide or cause to be provided to Bronco and its subsidiaries the services set forth on Exhibit A hereto (including any additional services provided pursuant to Section 1.3, all of such services collectively referred to
herein as the “Services”). Bronco acknowledges and agrees that, except as may be expressly set forth herein as a Service (including an additional Service to be provided pursuant to Section 1.3 below), Service Provider
shall not be obligated to provide, or cause to be provided, any service or goods to Bronco. An “Affiliate” of any person means another person that directly, or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, such person. For this purpose “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the person
controlled, whether through ownership of voting securities, by contract or otherwise. Notwithstanding anything herein to the contrary, Service Provider or any of its majority owned subsidiaries, if any, shall not be deemed an Affiliate of Bronco,
and Bronco or any of its majority owned subsidiaries, if any, shall not be deemed an Affiliate of Service Provider. 
  
 SECTION 1.2 Service Coordinators. Each party will nominate a representative to act as the primary contact with respect to the provision of the
Services as contemplated by this Agreement (the “Service Coordinators”). The initial Service Coordinators shall be Michael G. Moore for Service Provider and Zachary M. Graves for Bronco. Unless Service Provider and Bronco
otherwise agree, Service Provider and Bronco agree that all notices and communications relating to this Agreement other than those day to day communications and billings relating to the actual provision of the Services shall be directed to the
Service Coordinators in accordance with Section 7.2 hereof. 
  

 SECTION 1.3 Additional Services. Subject to any limitations set forth in this Agreement and
Exhibit A hereto, Bronco may request additional Services from Service Provider by providing written notice. Upon the mutual written agreement as to the nature, cost, duration and scope of such additional Services, Service Provider and Bronco
shall supplement in writing Exhibit A to include such additional Services. In accordance with Section 3.2, the parties hereto may discontinue one or more Services hereunder. 
  
 SECTION 1.4 Employees, Standard of Performance and Legal Compliance. 
  
 (a) Service Provider shall cause its employees
(“Employees”) to devote such time and effort to the business of Bronco as shall be reasonably necessary to perform the duties and services set forth in this Agreement; provided, however, that the Employees shall
not be precluded from engaging in other business activities. The Employees shall not receive any additional compensation from Bronco for holding any office or serving as an officer of Bronco. All duties and services of the Employees shall be
rendered at the offices of Service Provider subject to reasonable travel requirements. Unless otherwise expressly provided for in this Agreement, all matters pertaining to the employment of the Employees are the sole responsibility of Service
Provider, which shall in all respects be the employer of such Employees. At no time shall the employees, agents and consultants of Service Provider, any independent contractors engaged by Service Provider and/or the employees of any such independent
contractors be considered employees of Bronco. This Agreement is not one of agency between Service Provider and Bronco, but one with Service Provider engaged independently in the business of providing services as an independent contractor. All
employment arrangements are therefore solely Service Provider’s concern, and Bronco shall not have any liability with respect thereto except as otherwise expressly set forth herein. 
  
 (b) The Services to be provided hereunder shall be performed with the same general degree of care as when
performed within the Service Provider’s organization. In the event Service Provider fails to provide, or cause to be provided, the Services in accordance herewith, the sole and exclusive remedy of Bronco shall be to, at Bronco’s sole
discretion, either (i) have the Service reperformed, or (ii) not pay for such Service, or if payment has already been made, receive a refund of the payment made for such defective service; provided that in the event Service Provider defaults in the
manner described in Section 3.3, Bronco shall have the further rights set forth in Section 3.3. 
  
 (c) Service Provider further covenants and represents to Bronco that it shall comply in all material respect with all applicable laws,
rules, regulations and requirements of any governmental body which may be applicable to the Services provided by Service Provider hereunder, including applicable rules and regulations of the Securities Exchange Commission. Service Provider shall
obtain and maintain all material permits, approvals and licenses necessary or appropriate to perform its duties and obligations (including all Services) hereunder and shall at all times comply with the terms and conditions of such permits, approvals
and licenses. Service Provider shall notify Bronco’s Service Coordinator immediately upon receipt of notice of (i) any material threatened or pending governmental orders, proceedings or lawsuit involving Bronco and (ii) any material violations
relating to the use or maintenance of Bronco’s assets. 
  

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 SECTION 1.5 Conflict with Laws. Notwithstanding any other provision hereof, Service Provider shall
not be required to provide a Service to the extent the provision thereof would violate or contravene an applicable law. To the extent that the provision of any such Service would violate an applicable law, the parties agree to work together in good
faith to provide such Service in a manner which would not violate any law. 
  
 ARTICLE II 
 SERVICE CHARGES 
  
 SECTION 2.1 Compensation. As compensation for the services to be performed and the expenses incurred by Service
Provider under this Agreement during the term of this Agreement, Bronco shall pay Service Provider an annual administrative services fee of $413,984.40, subject to adjustment from time to time as provided in Sections 1.3 and 3.2 (the
“Administrative Services Fee”). As compensation for the lease of 1,160 square feet of office space at 14313 North May Avenue, Suite 100, Bronco shall pay Service Provider an annual lease payment of $20,880 (the
“Rent”). If the term of this Agreement is extended pursuant to Article III, Service Provider and Bronco shall agree on the terms of the Administrative Services Fee for such extension period. 
  
 SECTION 2.2 Payment. The Administrative Services Fee and the Rent
shall be paid on the first of each month in equal monthly installments. 
  
 ARTICLE III 
 TERM AND DISCONTINUATION OF SERVICES 
  
 SECTION 3.1 Term. The term of this Agreement shall be effective as of the first date written above and shall continue
in force until the earlier of (i) three (3) years from the date hereof or (ii) the termination of all Services in accordance with Section 3.3. Upon the expiration of the term, this Agreement shall continue on a month-to-month basis until
canceled by either party upon thirty (30) days’ prior written notice. Any extension of this Agreement must be made by the parties in writing. 
  
 SECTION 3.2 Discontinuation of Services. Either party may, with the other party’s prior written consent (which consent shall not be
unreasonably withheld), elect to discontinue any individual Service from time to time. In the event of any termination with respect to one or more, but less than all, of the Services, this Agreement shall continue in full force and effect with
respect to any Services not terminated hereby. The parties shall amend Exhibit A to reflect the termination of any such Services and may by mutual agreement adjust the Administrative Services Fee. 
  
 SECTION 3.3 Termination. This Agreement may be terminated as follows:
(i) Bronco may terminate this Agreement at any time upon not less than thirty (30) days written notice to Service Provider and (ii) either party may terminate this Agreement upon immediate written notice if the other party is in material breach or
default with respect to any term or provision hereof and fails to cure the same within thirty (30) days of receipt of notice of said breach or default. Bronco’s right to terminate this Agreement as provided in this Section 3.3 and the
rights set forth in Section 1.4(b) and Section 4.1 shall constitute Bronco’s sole and exclusive rights and 

  

 3 

 
remedies for a breach by Service Provider hereunder (including without limitation any breach caused by an Affiliate of Service Provider or other third party
providing a Service hereunder). Upon termination of this Agreement by Bronco, Service Provider shall be entitled to immediate payment of any unpaid balance of the Administrative Services Fee pro rated through the date of termination. 
  
 ARTICLE IV 
 INDEMNIFICATION 
  
 SECTION 4.1 Indemnification of Bronco. Service Provider and its Affiliates and their respective officers, directors, employees or agents shall have no liability for any damages, losses, deficiencies, obligations, penalties,
judgments, settlements, claims, payments, fines, interest costs and expenses (including the costs and expenses of any and all actions and demands, assessments, judgments, settlements and compromises relating thereto and the costs and expenses of
attorneys’, accountants’, consultants’ and other professionals’ fees and expenses incurred in the investigation or defense thereof or the enforcement of rights hereunder) (“Losses”) to Bronco and its
Affiliates and their respective officers, directors, employees or agents with respect to their furnishing any of the Services hereunder except for Losses arising out of or resulting from the gross negligence or willful misconduct of Service Provider
occurring after the date hereof. Service Provider will indemnify, defend and hold harmless Bronco and its Affiliates and their respective officers, directors, employees or agents in respect of all such Losses arising out of or resulting from such
gross negligence or willful misconduct. 
  
 SECTION 4.2
Indemnification of Service Provider. Bronco shall indemnify and hold harmless Service Provider and its Affiliates and their respective officers, directors, employees or agents in respect of all Losses arising out of or resulting from Service
Provider’ furnishing or failing to furnish the Services provided for in this Agreement, other than Losses arising out of or resulting from the gross negligence or willful misconduct of Service Provider or its Affiliates and their respective
officers, directors, employees or agents. 
  
 ARTICLE V 

CONFIDENTIALITY 
  
 SECTION 5.1 Confidentiality. Service Provider and Bronco shall hold and shall each cause their respective officers, employees, agents, consultants
and advisors to hold, in strict confidence and not to disclose or release without the prior written consent of the other party, any and all Confidential Information (as defined herein); provided, that the parties may disclose, or may permit
disclosure of, Confidential Information (1) to their respective auditors, attorneys, financial advisors, bankers and other appropriate consultants and advisors who have a need to know such information and are informed of their obligation to hold
such information confidential to the same extent as is applicable to the parties hereto and in respect of whose failure to comply with such obligations, Service Provider or Bronco, as the case may be, will be responsible or (2) to the extent any
member of the Service Provider or the Bronco is compelled to disclose any such Confidential Information by judicial or administrative process or, in the opinion of legal counsel, by other requirements of law. Notwithstanding the foregoing, in the
event that any demand or request for disclosure of Confidential Information is made pursuant to clause (2) above, Service Provider or Bronco, as the case may be, shall promptly notify the other of the existence of such request or 

  

 4 

 
demand and shall provide the other a reasonable opportunity to seek an appropriate protective order or other remedy, which both parties will cooperate in
seeking to obtain. In the event that such appropriate protective order or other remedy is not obtained, the party whose Confidential Information is required to be disclosed shall or shall cause the other party to furnish, or cause to be furnished,
only that portion of the Confidential Information that is legally required to be disclosed. As used in this Section 5.1, “Confidential Information” shall mean all proprietary, technical or operational information, data
or material of one party which, prior to or following the closing date of the IPO, has been disclosed by Service Provider or its representatives, on the one hand, or Bronco or its representatives, on the other hand, in written, oral (including by
recording), electronic, or visual form to, or otherwise has come into the possession of, the other (except to the extent that such Information can be shown to have been (a) in the public domain through no fault of such party or (b) later lawfully
acquired from other sources by the party to which it was furnished; provided, however, in the case of (b) that such sources did not provide such information in breach of any confidentiality obligations) 
  
 ARTICLE VI 
 FORCE MAJEURE 
  
 SECTION 6.1 Performance Excused. Continued performance of a Service may be suspended immediately to the extent caused by any event or condition beyond the reasonable control of the party suspending such performance including acts of
God, fire, labor or trade disturbance, war, civil commotion, compliance in good faith with any law, unavailability of materials or other event or condition whether similar or dissimilar to the foregoing (a “Force Majeure
Event”). 
  
 SECTION 6.2 Notice. The party
claiming suspension due to a Force Majeure Event will give prompt notice to the other of the occurrence of the Force Majeure Event giving rise to the suspension and of its nature and anticipated duration. 
  
 SECTION 6.3 Cooperation. The parties shall cooperate with each other
to find alternative means and methods for the provision of the suspended Service. 
  
 ARTICLE VII 
 REPRESENTATIONS AND WARRANTIES 
  
 SECTION 7.1 Bronco Representations and Warranties. Bronco represents and warrants to Service Provider that as of the
date of this Agreement: 
  
 (a) Bronco is a
limited liability company duly organized, validly existing, and in good standing under the laws of the State of Oklahoma and has full limited liability company power to execute, deliver, and perform this Agreement. 
  
 (b) The execution, delivery, and performance of this
Agreement have been duly authorized by all necessary limited liability company action on the part of Bronco and do not contravene any provision of law or of Bronco’s constitutional documents or any contractual restriction of any material
agreement binding on Bronco or its assets. 
  

 5 

 (c) All consents, authorizations and approvals of, and registrations and declarations
with, any governmental authority necessary for the due execution, delivery, and performance of this Agreement have been obtained and are in full force and effect and all conditions thereof have been duly complied with, and no other action by, and no
notice to or filing with, any governmental authority is required in connection with the execution, delivery, or performance of this Agreement. 
  
 (d) This Agreement constitutes the legal, valid, and binding obligation of Bronco enforceable against Bronco in accordance with its terms,
subject, as to enforcement, to bankruptcy, insolvency, reorganization, and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
  
 SECTION 7.2 Service Provider Representations and Warranties. Service
Provider represents and warrants to Bronco that as of the date of this Agreement: 
  
 (a) Service Provider is duly organized, validly existing, and in good standing under the laws of the State of Delaware and has full
corporate power to execute, deliver, and perform this Agreement. 
  
 (b) The execution, delivery, and performance of this Agreement have been duly authorized by all necessary corporate action on the part of the Service Provider and do not contravene any provision of law or of Service
Provider’s constitutional documents or any contractual restriction of any material agreement binding on Service Provider or its assets. 
  
 (c) All consents, authorizations and approvals of, and registrations and declarations with, any governmental authority necessary for the
due execution, delivery, and performance of this Agreement have been obtained and are in full force and effect and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental
authority is required in connection with the execution, delivery, or performance of this Agreement. 
  
 (d) This Agreement constitutes the legal, valid, and binding obligation of Service Provider enforceable against Service Provider in
accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization, and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
  
 ARTICLE VIII 
 MISCELLANEOUS 
  
 SECTION 8.1 Construction Rules. The article and section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. As used in this Agreement,
unless otherwise provided to the contrary, (i) all references to days or months shall be deemed references to calendar days or months and (ii) any reference to a “Section,” “Article” or “Exhibit” shall be deemed to
refer to a section or article of this Agreement or an exhibit to this Agreement. The words “hereof,” “herein” and “hereunder” and words of similar import referring to this Agreement refer to this Agreement as a whole
and not to any particular provision of this Agreement. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the 
  

 6 

 
words “without limitation.” Unless otherwise specifically provided for herein, the term “or” shall not be deemed to be exclusive.

  
 SECTION 8.2 Notices. All notices and other
communications hereunder shall be in writing and shall be deemed given upon (i) a transmitter’s confirmation of a receipt of a facsimile transmission, (ii) confirmed delivery of a standard overnight courier or when delivered by hand or (iii)
the expiration of five business days after the date mailed by certified or registered mail (return receipt requested), postage prepaid, to the parties at the following addresses (or at such other addresses for a party as shall be specified by like
notice): 
  

			
	 If to
	 	Service Provider, to:
		
	 	 	 Gulfport Energy Corporation
 Attention: Chief
Financial Officer
 14313 N. May Avenue, Suite 100
 Oklahoma City,
Oklahoma 73134
 Facsimile: 405-848-8816

		
	 If to
	 	Bronco, to:
		
	 	 	 Bronco Drilling Company, L.L.C.
 Attention: Chief
Financial Officer
 14313 N. May Avenue, Suite 100
 Oklahoma City,
Oklahoma 73134
 Facsimile: 405-848-8816

  
 SECTION 8.3
Assignment, Binding Effect. Neither this Agreement nor any of the rights, benefits or obligations hereunder may be assigned or delegated by Bronco or Service Provider (whether by operation of law or otherwise) without the prior written
consent of the other party; provided however that the foregoing shall in no way restrict the performance of a Service by an Affiliate of Service Provider or a third party as otherwise allowed hereunder. 
  
 SECTION 8.4 No Third Party Beneficiaries. Except as specifically set
forth herein, nothing in this Agreement is intended to or shall confer upon any Person (other than Bronco and Service Provider providing Services hereunder) any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason
of this Agreement, and no Person (except as so specified) shall be deemed a third-party beneficiary under or by reason of this Agreement. 
  
 SECTION 8.5 Amendment. No amendments, additions to, alterations, modifications or waivers of all or any part of this Agreement shall be of any
effect, whether by course of dealing or otherwise, unless explicitly set forth in writing and executed by both parties hereto. If the provisions of this Agreement and the provisions of any purchase order or order acknowledgment written in connection
with this Agreement conflict, the provisions of this Agreement shall prevail. 
  
 SECTION 8.6 Waiver. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach. 
  

 7 

 
The failure of any party to require performance of any provision of this Agreement shall not affect any parties right to full performance thereof at any time
thereafter. 
  
 SECTION 8.7 Severability. If any provision
of this Agreement or the application of any such provision to any Person or circumstance shall be declared judicially to be invalid, unenforceable or void, such decision shall not have the effect of invalidating or voiding the remainder of this
Agreement, it being the intent and agreement of Bronco and Service Provider that this Agreement shall be deemed amended by modifying such provision to the extent necessary to render it valid, legal and enforceable while preserving its intent or, if
such modification is not possible, by substituting therefor another provision that is legal and enforceable and that achieves the same objective. 
  
 SECTION 8.8 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of
which together shall constitute one agreement binding on Bronco and Service Provider. 
  
 SECTION 8.9 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Oklahoma without giving effect to the conflicts of law principles thereof. 

 
 SECTION 8.10 Jurisdiction and Waiver of Jury Trail. Any action,
suit or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement must only be brought in any federal court located in the State of Oklahoma or any Oklahoma state court, and each
party consents to the non-exclusive jurisdiction and venue of such courts (and of the appropriate appellate courts therefrom) in any such action, suit or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that
it may now or hereafter have to the laying of the venue of any such, action, suit or proceeding in any such court or that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such
action, suit or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. 
  
 EACH PARTY ACKNOWLEDGES THAT ANY DISPUTE THAT MAY ARISE OUT OF OR RELATING TO THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND
THEREFORE SUCH PARTY HEREBY EXPRESSLY WAIVES ITS RIGHT TO JURY TRIAL OF ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT. THE SCOPE OF THIS WAIVER IS INTENDED TO ENCOMPASS ANY AND ALL ACTIONS, SUITS AND PROCEEDINGS THAT RELATE TO THE SUBJECT
MATTER OF THIS AGREEMENT, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY REPRESENTS THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) SUCH PARTY UNDERSTANDS AND WITH THE ADVICE OF COUNSEL HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) SUCH
PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND REPRESENTATIONS IN THIS SECTION 8.10. 
  

 8 

 SECTION 8.11 Relationship of Parties. This Agreement does not create a fiduciary relationship,
partnership, joint venture or relationship of trust or agency between the parties. 
  
 SECTION 8.12 Further Assurances. From time to time, each party agrees to execute and deliver such additional documents, and will provide such additional information and assistance as any party may reasonably
require to carry out the terms of this Agreement. 
  
 SECTION 8.13
Regulations. All employees of Service Provider and its Affiliates shall, when on the property of Bronco, conform to the rules and regulations of Bronco concerning safety, health and security which are made known to such employees in advance
in writing. 
  
 SECTION 8.14 Survival. The parties agree
that Articles IV and V will survive the termination of this Agreement and that any such termination shall not affect any obligation for the payment of Services rendered prior to termination. 
  
 SECTION 8.15 LIMITATION OF LIABILITY. UNDER NO CIRCUMSTANCES AND UNDER
NO LEGAL OR EQUITABLE THEORY, WHETHER IN TORT, CONTRACT, STRICT LIABILITY OR OTHERWISE, SHALL EITHER PARTY HERETO OR ITS AFFILIATES OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS BE LIABLE TO THE OTHER PARTY HERETO OR TO ANY OTHER
PERSON FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY NATURE ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR THE SERVICES, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOST MARKETING, LOST PROFITS, LOSS OF
GOODWILL, LOSS OF DATA OR WORK STOPPAGE, EVEN IF AN AUTHORIZED REPRESENTATIVE OF SUCH PARTY HAS BEEN ADVISED OF OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES. SERVICE PROVIDER’S LIABILITY HEREUNDER SHALL BE LIMITED TO THE AMOUNT OF
FEES IT RECEIVED HEREUNDER FROM BRONCO. 
  
 SECTION 8.16
DISCLAIMER. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES PROVIDED IN THIS AGREEMENT, SERVICE PROVIDER MAKES NO OTHER WARRANTY, EITHER EXPRESS OR IMPLIED, WRITTEN, OR ORAL REGARDING THE SERVICES PROVIDED HEREUNDER INCLUDING, WITHOUT
LIMITATION, THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, TITLE, CUSTOM, TRADE AND QUIET ENJOYMENT. 
  
 [signature pages follow] 
  

 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

  

			
	GULFPORT ENERGY CORPORATION
		
	By:	 	 
	 	 	 Mike Liddell

	 	 	 Chief Executive Officer

	
	BRONCO DRILLING COMPANY, L.L.C.
		
	By:	 	WEXFORD CAPITAL, LLC
	 	 	its Manager
		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 10 

 EXHIBIT A 
  

SERVICES 
  
 Gulfport personnel will provide consulting and administrative services including, but not limited to, payroll and other human resources administration, accounts payable,
treasury services including bank reconciliations, risk management consulting, administrative assistance, legal services, security and management information and computer processing systems. 
  

 EXHIBIT A-1Promissory Note dated dated June 30, 2005

 Exhibit 10.11 
  
 PROMISSORY NOTE 
  

			
	$13,000,000	 	June 30, 2005

  
 FOR VALUE RECEIVED,
the undersigned, Bronco Drilling Company, L.L.C., an Oklahoma limited liability company (herein called the “Borrower”), with an address at 14313 North May Avenue, Oklahoma City, OK 73134 hereby promises and agrees to pay to the order of
Alpha Investors LLC, a Delaware limited liability company, with its main office located at c/o Wexford Capital LLC, 411 West Putnam Avenue, Greenwich, CT 06830 (herein called the “Lender”) the principal sum of Thirteen Million Dollars
($13,000,000), together with all accrued interest thereon computed and payable in the manner set forth below. The unpaid principal balance of, and all accrued interest on, this Note, unless sooner paid, shall be due and payable in full on July 1,
2006 or on such earlier date as provided herein. 
  
 The interest
rate applicable at any time to the outstanding balance of the Note is herein referred to as the “Borrowing Rate”. From the date of this Note until September 30, 2005, the outstanding principal balance of this Note, as the same shall exist
from time to time, shall bear interest at the Borrowing Rate equal to LIBOR plus five percent (LIBOR + 5%); thereafter until the Maturity Date, the Borrowing Rate shall be LIBOR plus seven and one half percent (LIBOR + 7 1/2%). All interest on this
note shall be computed on the actual number of days elapsed over a 360 day year. For purposes of this Note, LIBOR shall be the 90 day Libor rate, determined as of July 1, 2005 for the period through September 30, 2005, and determined every 3 months
thereafter for each subsequent 3 month period that the Note remains outstanding. 
  
 Payments of the principal and interest of this Note are to be made in lawful money of the United States of America at the office of the Lender or at such other place as the Lender shall have designated by written
notice to the Borrower. 
  
 The Borrower may prepay this Note, in
whole or in part at any time without penalty. The Note shall be subject to mandatory repayment in the event that the Borrower successfully completes the Initial Public Offering (the “IPO”), which repayment shall be due and payable on the
effective date of such IPO. 
  
 If the Borrower defaults in the
payment of any amount due hereon when due and payable, (a) the principal balance and interest due on this Note hereon may be declared immediately due and payable by the Lender by notice to the Borrower, and (b) the Borrower shall be obligated to
reimburse Lender for all costs of collection, including reasonable attorneys fees incurred in collection of such principal and/or interest. 
  
 The Borrower shall have no right to set off any amounts owed under this Note against any amounts, if any, owed or claimed to be owed now or in the future
to the Borrower by Lender resulting from any claims, rights, damages, demands, causes of action or liabilities of any nature whatsoever, known or unknown, contingent or fixed, whether due or to become due, that Borrower has had, now has or may have
at any future time by reason of any cause, matter or thing. Borrower agrees that, as of the date of this 

 
Note, its obligations under this Note are not subject to any offsets or defenses against the Lender of any kind. Borrower further agrees that its obligations
under this Note shall not be subject to any counterclaims, offsets or defenses against the Lender of any kind which may arise in the future. 
  
 Demand, presentment, protest and notice of nonpayment and protest are hereby waived by Borrower. 
  
 The failure of Lender to exercise any of its rights and remedies shall not
constitute a waiver of the right to exercise the same at that or any other time. All rights and remedies of Lender following an event of default hereunder or under any of the instruments referred to herein shall be cumulative to the greatest extent
permitted by law. Time shall be of the essence in the payment of all installments of interest and principal on this Note and the performance of the Borrower’s other obligations hereunder. 
  
 The Borrower represents and warrants as follows: (a) the Borrower is a
limited liability company duly organized, validly existing and in good standing under the laws of the State of Oklahoma (b) the execution, delivery and performance by the Borrower of this Note are within the Borrower’s powers, have been duly
authorized by all necessary action, and (c) the Note constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms. 
  
 No amendment of this Note or waiver of any provision hereunder shall be effective without the written consent of Lender.

  
 This Note shall be governed by, and construed in accordance
with, the law of the State of New York without giving effect to the conflicts of law principles thereof, and shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, personal or legal
representatives and permitted assigns. 
  
 THE UNDERSIGNED
IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS IN ANY WAY ARISING OUT OF OR RELATED TO THIS NOTE SHALL BE LITIGATED IN COURTS HAVING SITUS WITHIN THE CITY OF NEW YORK, STATE OF NEW YORK. THE UNDERSIGNED HEREBY CONSENTS AND SUBMITS TO THE
EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN SUCH CITY AND STATE AND WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON THE UNDERSIGNED AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY CERTIFIED MAIL DIRECTED TO THE
UNDERSIGNED AT THE LAST KNOWN ADDRESS OF THE UNDERSIGNED AS SHOWN IN THE RECORDS OF THE LENDER OR IN ANY OTHER MANNER PERMITTED BY LAW. 

 THE UNDERSIGNED IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING IN ANY WAY
ARISING OUT OF OR RELATED TO THIS NOTE. 
  
 SIGNED AND
DELIVERED as of the day and year first herein above set forth. 
  

			
	 BRONCO DRILLING COMPANY, L.L.C.

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 Prepared by: J. Werner

 Approved by: A. Amron

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]